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Cable Update (GBPUSD)

  • #619,621
  • Aug 27, 2021 7:39am Aug 27, 2021 7:39am
If price is a fractal, then the future is already written...
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I know the secret...
  • #619,622
  • Aug 27, 2021 7:58am Aug 27, 2021 7:58am
Me too but it seems pretty solid bullls day, esp on 1H TF perspective. At least until 3750 levels.

Don’t want to jump the gun and shoot into my foot again

Quoting mysterio
{quote} Keeping an eye on PA here now
  • #619,623
  • Aug 27, 2021 8:01am Aug 27, 2021 8:01am
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yes yes yes
  • #619,624
  • Aug 27, 2021 8:03am Aug 27, 2021 8:03am
Quoting Ilvez
Me too but it seems pretty solid bullls day, esp on 1H TF perspective. At least until 3750 levels. Don’t want to jump the gun and shoot into my foot again {quote}
Can turn on a dime-- lets see
  • #619,625
  • Aug 27, 2021 8:06am Aug 27, 2021 8:06am
maybe i was wrong
took short gold
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yes yes yes
  • #619,626
  • Aug 27, 2021 8:06am Aug 27, 2021 8:06am
3670- S1 in play.

Resistance below today high, 3730
Intraday only.
  • #619,627
  • Aug 27, 2021 8:09am Aug 27, 2021 8:09am
long on potential bearish bat pattern, sl -10p (1.3700) --- tp overshoot 1.3750 RR 1:4
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re- ntry the same place if sl hit
Daddy, Brother, Lover, Little Boy
  • #619,628
  • Aug 27, 2021 8:10am Aug 27, 2021 8:10am
Quoting navk
3660- S1 in play. Resistance below today high, 3730
AT LEAST MY FRIEND
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yes yes yes
  • #619,629
  • Aug 27, 2021 8:11am Aug 27, 2021 8:11am
This could be the drop folks , just came through the old resistance from the correction on H1 so possibly correction is over
Follow The Markets Structure - Patience and Discipline
  • #619,630
  • Aug 27, 2021 8:13am Aug 27, 2021 8:13am
Quoting Moty
{quote} AT LEAST MY FRIEND {image}
To me more.

Consider price is bearish.

Price will not/ should not miss S1 daily.

Let us see
Intraday only.
  • #619,631
  • Aug 27, 2021 8:15am Aug 27, 2021 8:15am
I set TP and stop loss.

Closed my mt4.

Stop 3730.

TP 3670

no emotional trading.
Intraday only.
  • #619,632
  • Aug 27, 2021 8:16am Aug 27, 2021 8:16am
Grrr just when I thought we’d see 13750 will take hit a d go short at b/e
Insane in the Brain..
  • #619,633
  • Aug 27, 2021 8:16am Aug 27, 2021 8:16am
Quoting mysterio
{quote} Can turn on a dime-- lets see
  • #619,634
  • Aug 27, 2021 8:16am Aug 27, 2021 8:16am
~1.363, please. Then I'll look for journey to ~1.418
Based on pseudo-random number generator.
Air force
  • #619,635
  • Aug 27, 2021 8:18am Aug 27, 2021 8:18am
Quoting BeeTogether
Grrr just when I thought we’d see 13750 will take hit a d go short at b/e
Lesson learnt , do not trade corrections, you choice really but personally extreme caution is needed if you decide to trade them and remember a correction is a (b is an abc) c

Use corrections to enter into the main direction
Follow The Markets Structure - Patience and Discipline
  • #619,636
  • Aug 27, 2021 8:18am Aug 27, 2021 8:18am
Quoting navk
I set TP and stop loss. Closed my mt4. Stop 3730. TP 3670 no emotional trading.
Good job
  • #619,637
  • Aug 27, 2021 8:20am Aug 27, 2021 8:20am
Possible bullish move to my reversal zone
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Fools Rushing
  • #619,638
  • Aug 27, 2021 8:21am Aug 27, 2021 8:21am
Quoting pipfarm
{quote} Lesson learnt , do not trade corrections, you choice really but personally extreme caution is needed if you decide to trade them and remember a correction is a (b is an abc) c Use corrections to enter into the main direction
yup definitely however this trade is from yesterday when my target was 13780ish. Looking to pull out in a few mins. It’s looking very bearish and 135 is defo on the cards maybe by Tuesday (if Monday is minimal due to BH)
Insane in the Brain..
  • #619,639
  • Aug 27, 2021 8:22am Aug 27, 2021 8:22am
Quoting mysterio
I hold my sell I think we will break 1.36 soon. 1.3734-42 watch for short
No time to trade today but there's little doubt to me cable is bearish for at least a little while (personally I think it's inevitable we break 1.36)

The h1 demand here was buyable for the retrace but hit during Asia overnight

Undershot my supply zone by a couple of pips but just adjusted my stop above it on prior sell as this down move was highly likely given the daily picture
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  • #619,640
  • Aug 27, 2021 8:29am Aug 27, 2021 8:29am
Hello friends price had to touch 1.3724 a level the Europeans should have touched before Americans enter and now they go down towards 1.3679 to hit a new low then we can anticipate a bullish reverse to close the day by the wall street traders as they enter by 14:00 GMT
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