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Cable Update (GBPUSD)

  • #621,101
  • Sep 3, 2021 1:24am Sep 3, 2021 1:24am
Quoting gatenio
{quote} nice chart, breaking today high will probably lead to 1.39-1.395. but write side note, today high is bearish ABCD pattern and connected exactly weekly fib 78.6 confluence zone. pattern target more then 100 pips down. holding 3 short average price is 1.3829 (early entry yesterday night) sl for all of them 10 pips above today's high. hope it will stand.

according to the chart the trend have switched to bearish the initial bearish suppose to start from 139 but if it fail then move to 141 price then its a zigzag correction to take out stoploss of traders then return to the actual downtrend.

we have to be smart here
MY OPINION NOT FINANCIAL ADVISE
  • #621,102
  • Sep 3, 2021 1:38am Sep 3, 2021 1:38am
Sold GBP/USD from this price

Divergence spotted on Asia 1h chart

4h candle pointing to sell. NFP being positive will likely push price down faster by 100 pips and today being friday also makes everything dangerously dangerous

My last post for now. I need to get proper capitalisation say 10k starting balance in the near future
  • #621,103
  • Sep 3, 2021 1:44am Sep 3, 2021 1:44am
Quoting silolo
Sold GBP/USD from this price Divergence spotted on Asia 1h chart 4h candle pointing to sell. NFP being positive will likely push price down faster by 100 pips and today being friday also makes everything dangerously dangerous
Yeah with NFP I think you have to be very lucky, it is a coin toss

Lets say you happen to get in at a discount/premium during the day, price gives you enough of a buffer to set your stop at BE, AND NFP happens to swing your way. All very big IFs.

Then you still have to expect NFP to whipsaw first and take an intraday high/low to take out stops (probably yours, reader), likely with significant slippage

If you're intraday/tight stop scalper then it's just a gamble, if you're swing with some conviction and can stomach the movement, and are a lucky person, then you have some hope

Sorry negative post for a Friday good luck everyone
  • #621,104
  • Sep 3, 2021 1:48am Sep 3, 2021 1:48am
We are in last monthly candle of Q3 2021.

How is August Candle , compared to June and July candle ?
not euphoria follower
  • #621,105
  • Sep 3, 2021 2:01am Sep 3, 2021 2:01am
Eurgbp trend is currently up
  • #621,106
  • Sep 3, 2021 2:03am Sep 3, 2021 2:03am
Gbpjpy trend is down currently, at 152 it shifts upwards
  • #621,107
  • Sep 3, 2021 2:06am Sep 3, 2021 2:06am
Quoting navk
Hi guys, Back. No more open trades now. Today as previously posted... only long trade to be taken with stop at 3778. No short trade to be taken as per chart. Just look at today candle. If you taken short, analysis is obviously wrong. Once again.. better to not to copy some one else. Do your own analysis and trade. Best lesson learnt today. Henceforth I will switch off thread while trading. Lots of noice here. Lots of misleading posts. Nothing wrong in chit chat here after day is done. Ha.. Ha..
I understand you very well.
  • #621,108
  • Edited 2:53am Sep 3, 2021 2:09am | Edited 2:53am
Quoting Pat Chiko
{quote} So what i have nephews and nieces younger than ten that could teach you a thing or two about computers and judging by your actions you might well have been 12. Leave those children alone to their parent. Don't drag them in our adult debate here. Should refrain using children as your last resort to win debate. Now you've gone deeper from racist to child PiXXXXXy. They say you can judge a persons character in the first minute of meeting them, I read post - quality post. Language lingo styles of writing. Not much to say about you, but just...


You are one sick entitity patsy aka sang real aka gebril


if you think that mentioning my nephews and nieces is child PiXXXXXy you are seriously mentally unstable and a very sick human being,

watch you back as now you have gone too far
Follow The Markets Structure - Patience and Discipline
  • #621,109
  • Sep 3, 2021 2:16am Sep 3, 2021 2:16am
Gbpaud has the strongest trend currently. Currently a pull back tacking place, but the trend is down
  • #621,110
  • Sep 3, 2021 2:31am Sep 3, 2021 2:31am
Gbpusd trend is upwards, pull back currently to 1.38200
  • #621,111
  • Sep 3, 2021 3:09am Sep 3, 2021 3:09am
Gold trend currently upwards
  • #621,112
  • Sep 3, 2021 3:10am Sep 3, 2021 3:10am
Quoting mysterio
Kind of the broad scenario I expect Too close to some significant highs to not take them out I believe After these are claimed then down next week, or we have some even bigger prizes up at 1.40 but this is too far in the future A trading idea might be to watch the DPP for long. If we begin frankfurt above the DPP drifting towards it then it will likely touch and support price and pivot as the name suggests. All of this is PA dependent I don't believe in blindly buying on levels (anymore) {image}
trading this idea

will get out if it breaks the most recent low. The pattern on m5 means buyers accumulating on m5 demand level and common stop hunt area below asia low

target open for now
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15m.jpg Size: 289 KB
  • #621,113
  • Sep 3, 2021 3:13am Sep 3, 2021 3:13am
selling against these big boys will not be wise..
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20210903_08.12.png Size: 63 KB
MY OPINION NOT FINANCIAL ADVISE
  • #621,114
  • Sep 3, 2021 3:18am Sep 3, 2021 3:18am
Quoting donfriday
selling against these big boys will not be wise.. {image}
Im 35 years old, a real big boy, and im shorting
  • #621,115
  • Sep 3, 2021 3:22am Sep 3, 2021 3:22am
GA long at 1.86123
Target: Today's open
  • #621,116
  • Sep 3, 2021 3:28am Sep 3, 2021 3:28am
Quoting Houtbay
Gbpaud has the strongest trend currently. Currently a pull back tacking place, but the trend is down
i think that trend is over now. how it relates to GU is that imho it shows the relative strength of sterling relative to aud and usd. if aud is appreciates relatively more than sterling when usd is relatively weaker to me it shows that aud is stronger than sterling in terms of the dollar. therefore gbpaud depreciates if it was the other way gbpaud would appreciate.
Trend_Masters
  • #621,117
  • Sep 3, 2021 3:32am Sep 3, 2021 3:32am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 09-03-2021 11.31.jpg Size: 132 KB
yes yes yes
  • #621,118
  • Sep 3, 2021 3:34am Sep 3, 2021 3:34am
Quoting Ihlas
GA long at 1.86123 Target: Today's open
To early - not yet.
  • #621,119
  • Sep 3, 2021 3:41am Sep 3, 2021 3:41am
Quoting gatenio
{quote} Im 35 years old, a real big boy, and im shorting
No bro, this cracked me up
  • #621,120
  • Sep 3, 2021 3:42am Sep 3, 2021 3:42am
Quoting donfriday
selling against these big boys will not be wise.. {image}
It has proven to be good on several occasions. The question is how much do you want to take out of the market.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20210903_08.12.jpg Size: 77 KB
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