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Cable Update (GBPUSD)

  • #620,221
  • Edited 8:43am Aug 31, 2021 8:32am | Edited 8:43am
Quoting W0lfram
If 92.6 doesn't hold, the next demand zone could be at 92.3 or prev. below 92{image} (Must be confirmed by astrology or coin flip)
DX came to the zone, which I marked as possible demand. Divergence comes in handy.
But GU is still in prev DBD area, I'm not convinced to go kind of swing short, just scalping
Attached Image (click to enlarge)
Click to Enlarge Name: DXY_2021-08-31_16-24-05.png Size: 235 KB
Air force
  • #620,222
  • Aug 31, 2021 8:33am Aug 31, 2021 8:33am
Quoting donfriday
{quote} my little opinion, i see you are position Trader right? if i was to buy for week or month i will wait for 13650 for a deep buy i just dont like taking position after a major trend ...
Fair enough opinion bro and thank you for sharing

Thing is, this bull wave is just a retracement and not the major trend IMO. Retracements have this tendency of avoiding retest etc. Having said that should price retest the level you mentioned, I'd be afraid of shorting this pair for long term.

IMO, the major trend is still BEAR till at least 1.32 area.
Anyway, let's give it time and see how it pans out
  • #620,223
  • Aug 31, 2021 8:33am Aug 31, 2021 8:33am
Quoting donfriday
{quote} thats hilarious
wow, you are trading crypto

do you still hold BTC that you bought in 2014?
  • #620,224
  • Aug 31, 2021 8:34am Aug 31, 2021 8:34am
Quoting genadi
{quote} i believe you can touch the sky
I think about it every night and day
Fools Rushing
  • #620,225
  • Aug 31, 2021 8:36am Aug 31, 2021 8:36am
Quoting genadi
{quote} i believe you can touch the sky
Yes up up not complete yet up wave
  • #620,226
  • Aug 31, 2021 8:39am Aug 31, 2021 8:39am
Quoting MTF Test
Who wants to BUY now ???
i am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 28 KB
yes yes yes
  • #620,227
  • Aug 31, 2021 8:40am Aug 31, 2021 8:40am
Don't underestimate the POWER of 1M TF and the trader of course.
Fools Rushing
  • #620,228
  • Aug 31, 2021 8:41am Aug 31, 2021 8:41am
Quoting Moty
{quote} i am {image}
Let’s get in the 13830 time to open your doors
Insane in the Brain..
  • #620,229
  • Aug 31, 2021 8:41am Aug 31, 2021 8:41am
Quoting MTF Test
Don't underestimate the POWER of 1M TF and the trader of course.
Are you a 1min trader too?
Insane in the Brain..
  • #620,230
  • Aug 31, 2021 8:42am Aug 31, 2021 8:42am
Last post for the day (Have a few meetings)

One thing I have observed with candle patterns on EU, when it forms and is confirmed, after dips, it usually would give at least 100-150 pips.
Since this is GU, I am expecting at least 200-250 pips from the top of the bull Doji.

Point is, pressure will likely stay on the bull side till the suggested pips are reached.
Take care gang
  • #620,231
  • Aug 31, 2021 8:42am Aug 31, 2021 8:42am
Quoting JayBag
{quote} Fair enough opinion bro and thank you for sharing Thing is, this bull wave is just a retracement and not the major trend IMO. Retracements have this tendency of avoiding retest etc. Having said that should price retest the level you mentioned, I'd be afraid of shorting this pair for long term. IMO, the major trend is still BEAR till at least 1.32 area. Anyway, let's give it time and see how it pans out
we will find a way with time
MY OPINION NOT FINANCIAL ADVISE
  • #620,232
  • Aug 31, 2021 8:43am Aug 31, 2021 8:43am
sold at 1.3785
  • #620,233
  • Aug 31, 2021 8:43am Aug 31, 2021 8:43am
Quoting genadi
sold at 1.3785
a bit stupid trade i think
  • #620,234
  • Aug 31, 2021 8:45am Aug 31, 2021 8:45am
Quoting genadi
{quote} wow, you are trading crypto do you still hold BTC that you bought in 2014?



hardly touch crypto maybe a few time over weekend for Quick eat and run....
MY OPINION NOT FINANCIAL ADVISE
  • #620,235
  • Aug 31, 2021 8:46am Aug 31, 2021 8:46am
price ranging again it will drop............

usdcad is going up so gbpusd will drop

sell sell sell or close ur buy's
  • #620,236
  • Aug 31, 2021 8:47am Aug 31, 2021 8:47am
Quoting BeeTogether
{quote} Are you a 1min trader too?
Of course. I am an extreme scalper. Trade only with 1M . Bigger TF's are not for me.
Fools Rushing
  • #620,237
  • Aug 31, 2021 8:47am Aug 31, 2021 8:47am
calling it a day ....trading last day of the month can be disturbing.


gu still running SL or TP will be amended
MY OPINION NOT FINANCIAL ADVISE
  • #620,238
  • Aug 31, 2021 8:48am Aug 31, 2021 8:48am
Quoting MTF Test
{quote} Of course. I am an extreme scalper. Trade only with 1M . Bigger TF's are not for me.
Ok so I’m not the only one. I use 4h and 1H for simple trend lines but 1m for entry and TP
Insane in the Brain..
  • #620,239
  • Aug 31, 2021 8:48am Aug 31, 2021 8:48am
Quoting maheeee
price ranging again it will drop............ usdcad is going up so gbpusd will drop sell sell sell or close ur buy's

is there any correlation between gu and ucad?
MY OPINION NOT FINANCIAL ADVISE
  • #620,240
  • Aug 31, 2021 8:52am Aug 31, 2021 8:52am
Quoting babayaga
4H inside bar false break then true one or I am wrong again.., 1.3754 will tell {image}
I was wrong.., price did not pass 1.3754
... any way I closed in profit

dolce vita
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