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Cable Update (GBPUSD)

  • #621,121
  • Sep 3, 2021 3:42am Sep 3, 2021 3:42am
Goodmorning friends, what a trade we are about to see today as cable hitting 1.3840 high of the dayyesterday indicated a bearish bias trading for thiseuropean trading this morning and currently price has onlybroken the bias point @ 1.3834 below by 7+ pipsbelow and staying above 1.3834 till entering American session: 12GMT tells the Americans to go bullish. However looking at the key event @ 14:00GMT, there appears no way up for price but for the wall street traders to close the week in favor of sellers. happy trading.
  • #621,122
  • Sep 3, 2021 3:46am Sep 3, 2021 3:46am
Quoting mysterio
{quote} 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 {image}
I close this if/when we make it above asia high, stop at BE already
  • #621,123
  • Sep 3, 2021 3:50am Sep 3, 2021 3:50am
Quoting Cr4zy
{quote} It has proven to be good on several occasions. The question is how much do you want to take out of the market. {image}


the arrow mean the uptrend is getting weak because almost the hh is not that long then drop then rise...i have seen such in years..they will still push to there level before it drop next week we should see sellers approaching ...overall trend should be bearish in 3months to 6 months.
MY OPINION NOT FINANCIAL ADVISE
  • #621,124
  • Sep 3, 2021 3:50am Sep 3, 2021 3:50am
Quoting gabolan3
Goodmorning friends, what a trade we are about to see today as cable hitting 1.3840 high of the dayyesterday indicated a bearish bias trading for thiseuropean trading this morning and currently price has onlybroken the bias point @ 1.3834 below by 7+ pipsbelow and staying above 1.3834 till entering American session: 12GMT tells the Americans to go bullish. However looking at the key event @ 14:00GMT, there appears no way up for price but for the wall street traders to close the week in favor of sellers. happy trading.
And all of it can be easily invalidated by NFP... a bad number is expected. Unemployment remains pretty much unchanged but ADP was much worst than expected.
  • #621,125
  • Sep 3, 2021 3:51am Sep 3, 2021 3:51am
Thät was one bold scalp! I will watch daily high for potential short but its friday etc. so not very sure.


Quoting mysterio
{quote} I close this if/when we make it above asia high, stop at BE already
  • #621,126
  • Sep 3, 2021 3:54am Sep 3, 2021 3:54am
Quoting gatenio
{quote} Im 35 years old, a real big boy, and im shorting
Good your shorting @ 35. You can go pants off in few hours

PS /: Just a joke broh
Fools Rushing
  • #621,127
  • Sep 3, 2021 3:56am Sep 3, 2021 3:56am
i guess im scalping now


dollar index found support if it holds like GU will drift sideways until nfp
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDX.aH4.png Size: 57 KB
Click to Enlarge Name: GBPUSDM15.png Size: 43 KB
Trend_Masters
  • #621,128
  • Sep 3, 2021 3:57am Sep 3, 2021 3:57am
Quoting Ilvez
Thät was one bold scalp! I will watch daily high for potential short but its friday etc. so not very sure. {quote}
Really, why ?

It is a pretty common pattern for me, kind of asia range stop hunt, the m5 pattern means the pop is highly likely

Whether it gets to my target i dont know, i may reverse on yh. I believe price will want to drift up to 1.39 but there's not been much of a retrace yet

edit- nvm, came back on me, yh held. Didnt TP
  • #621,129
  • Sep 3, 2021 4:00am Sep 3, 2021 4:00am
Quoting MTF Test
{quote} Good your shorting @ 35. You can go pants off in few hours PS /: Just a joke broh
with this heat im my country, the best idea is pants off.
I need to buy a new red speedo, maybe pat can give me one.
  • #621,130
  • Sep 3, 2021 4:04am Sep 3, 2021 4:04am
Quoting Pat Chiko
GU Scalping Asia session. {image}
GU

Add scalping position.
Tight range till NFP

Attached Image (click to enlarge)
Click to Enlarge Name: gu 024.jpg Size: 193 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #621,131
  • Sep 3, 2021 4:08am Sep 3, 2021 4:08am
Yes, I also watch Asian stophunts during FO and London session opens. This time I just did not see any confirming 5 nor 15M candle before they just reversed the creeping trend down.

It will be a mess before NFP and it will be a mess during NFP. I think it will be a useless whipsaw before that to collect liquidity.

Will enjoy the show from sidelines.

Quoting mysterio
{quote} Really, why ? It is a pretty common pattern for me, kind of asia range stop hunt, the m5 pattern means the pop is highly likely Whether it gets to my target i dont know, i may reverse on yh. I believe price will want to drift up to 1.39 but there's not been much of a retrace yet edit- nvm, came back on me, yh held. Didnt TP
  • #621,132
  • Sep 3, 2021 4:09am Sep 3, 2021 4:09am
Quoting kerndc
i guess im scalping now dollar index found support if it holds like GU will drift sideways until nfp {image} {image}
I agree with dix @ support, she needs to stay above todays open 1st, then push on up?
If you are new to Forex? Say Goodbye to your account!!
  • #621,133
  • Sep 3, 2021 4:11am Sep 3, 2021 4:11am
Quoting Pat Chiko
{quote} GU Add scalping position. Tight range till NFP {image}
same thought, almost same tp before nfp or with the help of nfp.
  • #621,134
  • Sep 3, 2021 4:11am Sep 3, 2021 4:11am
Pat, been learning a lot from your charts, keep them coming.

I thnk as well that before NFP it will be tight accumulation period so careful out there.

Quoting Pat Chiko
{quote} GU Add scalping position. Tight range till NFP {image}
  • #621,135
  • Sep 3, 2021 4:26am Sep 3, 2021 4:26am
It's wise not to try to sell GBPUSD now, unless you using a very wide stop. Most likely going to make a run on the highs to take out weak sells before dropping. I'm bullish though so i'm just waiting to see if i can get a trade around 1.3800 or 138100.
  • #621,136
  • Sep 3, 2021 4:30am Sep 3, 2021 4:30am
The price is in a manipulation zone, if the price at the close of the candle breaks the 1.3850 level, the price can go to the 1.3871 zone and if it breaks 1.3825 it can go to the 1.3800 zone
Attached Image (click to enlarge)
Click to Enlarge Name: 03-09-21.png Size: 86 KB
  • #621,137
  • Sep 3, 2021 4:33am Sep 3, 2021 4:33am
Friends, just to add a quick one, indeed market sentiment looks bullish in expectation of nfp but ISM @ 14GMT is much considered to end the week
  • #621,138
  • Sep 3, 2021 4:35am Sep 3, 2021 4:35am
Quoting gatenio
{quote} with this heat im my country, the best idea is pants off. I need to buy a new red speedo, maybe pat can give me one.
GIVE YOU ONE ??????
  • #621,139
  • Sep 3, 2021 4:37am Sep 3, 2021 4:37am
Quoting elbert3
{quote} GIVE YOU ONE ??????
Please, red or some illuminating color.
i want all eyes on me.
  • #621,140
  • Sep 3, 2021 4:40am Sep 3, 2021 4:40am
Looking for retest of the 1.38 area before a potential push to 1.388
Attached Image (click to enlarge)
Click to Enlarge Name: e1d95329c6b13a77dcf3bd6a451eddc2.png Size: 196 KB
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