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Cable Update (GBPUSD)

  • #620,341
  • Aug 31, 2021 1:00pm Aug 31, 2021 1:00pm
Dear god, Moty, stop playing with our nerves This is pure agony to follow when you had 3 chances to take decent profit off the table today but you refused.

Fear and greed are your worst enemy, they will cloud your judgement. Market is just a playground for all, no need to get angry with it.

Best of luck to you!

Quoting Moty
{image}
  • #620,342
  • Aug 31, 2021 1:03pm Aug 31, 2021 1:03pm
Quoting donfriday
btc is making my day 45000 soon
Cable only bro. But i doubt BTC will go below 46 000
  • #620,343
  • Aug 31, 2021 1:06pm Aug 31, 2021 1:06pm
i am expecting asia to take gu down 13725
MY OPINION NOT FINANCIAL ADVISE
  • #620,344
  • Aug 31, 2021 1:07pm Aug 31, 2021 1:07pm
Attached Image
i scalping gold today...

gu stil sideways, wait clear direction
Like me, cuts losses quickly. But has more patience and lets his winn
  • #620,345
  • Aug 31, 2021 1:07pm Aug 31, 2021 1:07pm
Quoting BeeTogether
{quote} That’s the sweet spot although JB mentioned 140 which is even better
I agree but I tend to tp in stages. It's not your money until you tp. We might see crazy rally in the days ahead
  • #620,346
  • Aug 31, 2021 1:08pm Aug 31, 2021 1:08pm
Quoting mysterio
Think the dxy rebound should continue to 93 area, so I target down to around 1.37 on cable next likely. We have an h1 zone down there 1.37024-37199 To me looks like a large wedge/bearflag forming on h1/h4 so watching to see what happens there, stubbornly remaining bearish for now 1.3806-3830 seems like a pretty strong h4 supply, gonna be tough to crack it i think. Can also see the wisdom of a trip up to 1.40 maybe necessary if we are to continue bearish
As long as price is below yesterdays open.. it should bring more bears to the party... last day also.. maybe not today but tommorow the new month candle might bring new lows...
  • #620,347
  • Aug 31, 2021 1:08pm Aug 31, 2021 1:08pm
Quoting PElago
{quote} Cable only bro. But i doubt BTC will go below 46 000

series of HL and LL on 1hr chart until then Btcusd is bearish to 45000 maybe 43000 before u see more buyers
MY OPINION NOT FINANCIAL ADVISE
  • #620,348
  • Aug 31, 2021 1:14pm Aug 31, 2021 1:14pm
Quoting kk300
{quote} As long as price is below yesterdays open.. it should bring more bears to the party... last day also.. maybe not today but tommorow the new month candle might bring new lows...
I'm with you! Closing everything for now see what the morning brings
  • #620,349
  • Aug 31, 2021 1:41pm Aug 31, 2021 1:41pm
Quoting Jwh1435
Can someone explain how usd went higher when news was bad. Was the move lower on GU just technical?
I would add that this afternoon's move was probably down to last day of the month. There would have been some portfolio rebalancing and closing out positions at 1.38 as the month comes to a close, it was also heading into the 4pm fix and then end of Euro/London sessions. Today's news events were not regarded as key events this week and I think they will have been overlooked whether it was good or bad. Tomorrow's ADP data and more importantly US Payroll data on Friday will be the ones to watch.

Tomorrow is a new day & month so we start fresh and go again

Trade well
  • #620,350
  • Aug 31, 2021 1:59pm Aug 31, 2021 1:59pm
Quoting donfriday
{quote} series of HL and LL on 1hr chart until then Btcusd is bearish to 45000 maybe 43000 before u see more buyers
My advice is secure some profit BTC has already tested 46700 and rejected it, the current 1hr candle is going to close bullish setting up a move upwards, respecting the 4h range. Bitcoin will likely have to retest 49000 - 50 000at least before it hits 45 000. The altcoins are bullish as well, so assume it's just lagging behind
  • #620,351
  • Aug 31, 2021 2:00pm Aug 31, 2021 2:00pm
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Attached Image (click to enlarge)
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yes yes yes
  • #620,352
  • Aug 31, 2021 2:03pm Aug 31, 2021 2:03pm
Quoting joesherwood
Short if not now 1.38 then timber {image}
Cashed in for 50 pips green
Attached Image (click to enlarge)
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  • #620,353
  • Aug 31, 2021 2:04pm Aug 31, 2021 2:04pm
Quoting kk300
{quote} As long as price is below yesterdays open.. it should bring more bears to the party... last day also.. maybe not today but tommorow the new month candle might bring new lows...
The new month candle is like to start bullish to create the monthly wick for a move downwards, The daily chart looks bullish, todays candle is indecisive so assume the bulls are in control based off of the last few days.
  • #620,354
  • Aug 31, 2021 2:10pm Aug 31, 2021 2:10pm
Quoting Moty
{image}{image}
Buys are best taken below the opening price.
  • #620,355
  • Aug 31, 2021 2:37pm Aug 31, 2021 2:37pm
Quoting PElago
{quote} My advice is secure some profit BTC has already tested 46700 and rejected it, the current 1hr candle is going to close bullish setting up a move upwards, respecting the 4h range. Bitcoin will likely have to retest 49000 - 50 000at least before it hits 45 000. The altcoins are bullish as well, so assume it's just lagging behind



i risk little for more...thats the game.
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #620,356
  • Aug 31, 2021 3:15pm Aug 31, 2021 3:15pm
Do anyone know why volume on 20th August was so extremely differ? Price touched 1.36ish levels. It was loading of longs? Swing area or what?
Attached Image (click to enlarge)
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  • #620,357
  • Aug 31, 2021 3:33pm Aug 31, 2021 3:33pm
Daily swing is moving with weekly so daily swing down after the current correction should be an impulse wave as it is moving with weekly , SELL rallies on 4H
Follow The Markets Structure - Patience and Discipline
  • #620,358
  • Aug 31, 2021 3:47pm Aug 31, 2021 3:47pm
Quoting Mr.Burger
{quote} I'm not sure double divergence on 5th wave at 1.3800 ( M30 ) make the price fall even more, that's why I decided to stay {image}
Ha!!!
This Trades gave you good profits but couldn't hit your TP. It's looking risky to me right now considering your lotsizes and number of positions except if you have a very large account...the drawdown must be big!
  • #620,359
  • Aug 31, 2021 3:48pm Aug 31, 2021 3:48pm
Quoting genadi
{quote} and i can not be wrong about this
There are no absolutes in Forex!
  • #620,360
  • Edited 5:19pm Aug 31, 2021 4:42pm | Edited 5:19pm
Quoting MohSETH
Do anyone know why volume on 20th August was so extremely differ? Price touched 1.36ish levels. It was loading of longs? Swing area or what? {image}
Peak at London open. Retail sales released 1 hour before LO, important area near recent monthly lows and prev. strong demand.
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Was a very good signal in terms of VSA, hourly range 17 pips but candle closed only -1 pip on extremely high volume. Specifically, passive buyers absorbed all the selling pressure
Air force
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