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Cable Update (GBPUSD)

  • #621,721
  • Sep 7, 2021 2:29am Sep 7, 2021 2:29am
Hi Guys,
Short trade entered. I will cut this trade if I get a 4hr close above my weekly open at 1.38614 ish.
I could be wrong,
Trade safe
Cheers.
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Trade to trade another day
  • #621,722
  • Edited 2:48am Sep 7, 2021 2:32am | Edited 2:48am
Quoting MTF Test
{quote} What's your ATR ? is it 14 on 30M TF @ 2 or 1.5 ?
correct around that figure. circa, Edited : 22.0 For London/NYO , I use 1.5X, seldom use 2.0X ( unless news)

We are at low Volatility environment, which I believe will bring high volatility expansion period in future.

Maybe this month we can see better chart set up with high volatility.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #621,723
  • Sep 7, 2021 2:34am Sep 7, 2021 2:34am
Quoting Pat Chiko
{quote} Getting high probability analysis for GU is very difficult now. It's not a bear not a bull , more to kangaroo. It's very much easier to analyse Bitcoin, set up are straight forward.
  • #621,724
  • Sep 7, 2021 2:37am Sep 7, 2021 2:37am
Quoting Pat Chiko
{quote} Example of easy analysis (Bitcoin) Price adhere to structure and bounce at demand zone. (no hanky panky like GU) Even the GAP filled is precise. {image} The only disadvantage is high margin per trade. i.e. around USD 5,000+ per lot
Very bad disadvantage...I don't trade Cryptos!
  • #621,725
  • Sep 7, 2021 2:38am Sep 7, 2021 2:38am
Quoting Theoak
{quote} Pulled the trigger long in at 2 x 1.3835 {image}

Took the 10 pips now stops BE run the rest!!!
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Don't trade what you think. Just what you see!!!
  • #621,726
  • Sep 7, 2021 2:38am Sep 7, 2021 2:38am
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yes yes yes
  • #621,727
  • Sep 7, 2021 2:41am Sep 7, 2021 2:41am
Quoting KiwiTrada
dix held by 92 217 resistance, if? she gets through she should fly, will know just after london open!!
wow copper just tapped ground zero, 4 2351 - 4 2337 could end up trade of the year
If you are new to Forex? Say Goodbye to your account!!
  • #621,728
  • Sep 7, 2021 2:45am Sep 7, 2021 2:45am
Waiting for the second buy Entry
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Fools Rushing
  • #621,729
  • Sep 7, 2021 2:51am Sep 7, 2021 2:51am
Quoting Pat Chiko
GU Frankfurt - gimme one Spike for liquidity {image}

Hi Pat, how did You identify that exacly in this place is a liquidity zone?
  • #621,730
  • Sep 7, 2021 2:56am Sep 7, 2021 2:56am
Quoting Theoak
{quote} Took the 10 pips now stops BE run the rest!!! {image}
Given stops a couple of pips wiggle room
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Don't trade what you think. Just what you see!!!
  • #621,731
  • Sep 7, 2021 2:59am Sep 7, 2021 2:59am
Quoting Theoak
{quote} Given stops a couple of pips wiggle room {image}
BUSTED
Don't trade what you think. Just what you see!!!
  • #621,732
  • Sep 7, 2021 3:00am Sep 7, 2021 3:00am
Wow. Pair is bearish again.
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Fools Rushing
  • #621,733
  • Sep 7, 2021 3:01am Sep 7, 2021 3:01am

Full of fun here
Lost for words
  • #621,734
  • Sep 7, 2021 3:02am Sep 7, 2021 3:02am
Its bears time my friends, enjoy the show!
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  • #621,735
  • Sep 7, 2021 3:02am Sep 7, 2021 3:02am
Quoting MTF Test
Wow. Pair is bearish again.
Indeed, those last 15 minutes completely busted my plan.
  • #621,736
  • Sep 7, 2021 3:04am Sep 7, 2021 3:04am
Hi ......

not euphoria follower
  • #621,737
  • Sep 7, 2021 3:05am Sep 7, 2021 3:05am
Hi ....
  • #621,738
  • Sep 7, 2021 3:07am Sep 7, 2021 3:07am
Quoting Ihlas
Full of fun here Lost for words
not even started.
  • #621,739
  • Sep 7, 2021 3:09am Sep 7, 2021 3:09am
Jeez! One minute it was touching 13850 went to make a coffee and log on for work and then boom it’s gone down quicker than a $10 …..:
Insane in the Brain..
  • #621,740
  • Sep 7, 2021 3:09am Sep 7, 2021 3:09am
Quoting MohSETH
{quote} Hi Pat, how did You identify that exacly in this place is a liquidity zone?
Exactly is not possible , zone ; yes.
As you know, there is no true order information available for spot fx aside from the market depth or level ll on the interbank.
Unless you're a bank or a big player, you're not going to get access to this information.

I would be looking from a micro-structure standpoint that a sideways market is highly liquid zone.
As trade moves sideways, more players take a side and those who are wrong are inevitably squeezed out.
This is a fine idea in theory, but you need to find a way to test your premise, see what the numbers really are.

My views continue to adjust as I learn more.
My only advice would be to figure out a systematic way that quantifies your idea. F

Another ways of looking at it is by using S&R
Support /Resistance Zones are test zones.
Mostly the market 's behaviour at these areas either are very volatile or congested.

Being test zones, its behaviour would be derived by the volatility when this is tested.
High volatility suggest continuation after a few sweeps, while low volatility thrust indicate distribution.



PAT
I come from the future.
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