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Cable Update (GBPUSD)

  • #622,481
  • Sep 9, 2021 3:27am Sep 9, 2021 3:27am
We may take the risk of shorting now. But once it closes and opens above 138068... Exit ASAP!

Good luck
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My telegram: https://t.me/avidforex
  • #622,482
  • Sep 9, 2021 3:27am Sep 9, 2021 3:27am
G/M, nice upside follow thru straight off the bat when London forex desks opened after the asia sell-off from y/day's p/back hi. Upside follow thru too on y/day's dly and 4hr hammer candles, and it alters things a bit. A LH, likely HL (when this 4hr closes in just over 30mins.) and a definite H when it forms fractally on that 4hr t/f now - off y/day's 3726 LL. A couple of descending t/lines breaches in the move up, on that t/f.

Y/day's 3726 lo could well become a fractal L with close of today's dly candle on that t/f.

1hr below.
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Trader with an Edge.
  • #622,483
  • Sep 9, 2021 3:27am Sep 9, 2021 3:27am
We may take the risk of shorting now. But once it closes and opens above 138068... Exit ASAP!

Good luck
My telegram: https://t.me/avidforex
  • #622,484
  • Sep 9, 2021 3:28am Sep 9, 2021 3:28am
Quoting gatenio
{quote} Give us SL, for not blow our account.
I don't use it. SL might be 1.38200-300
  • #622,485
  • Sep 9, 2021 3:31am Sep 9, 2021 3:31am
... price has reached 61.8% 3857-3726, 50% 3892-3726 just above @ 3808. 76.4/61.8% of those moves respectively are up @ 3826/28 with Dly R1 in the middle of them.
Trader with an Edge.
  • #622,486
  • Sep 9, 2021 3:36am Sep 9, 2021 3:36am
let it run a while , up down profit XD
big candle
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #622,487
  • Sep 9, 2021 3:38am Sep 9, 2021 3:38am
Pat I am very impressed with tour kindness. You are a light to others.
  • #622,488
  • Sep 9, 2021 3:41am Sep 9, 2021 3:41am
4hr below.
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Trader with an Edge.
  • #622,489
  • Sep 9, 2021 3:47am Sep 9, 2021 3:47am
I think the hourly candle has burnt its fuel. I really fancy 1.3840 being hit.
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Don't trade what you think. Just what you see!!!
  • #622,490
  • Sep 9, 2021 3:47am Sep 9, 2021 3:47am
Quoting Ihlas
{quote} I don't use it. SL might be 1.38200-300
FVG filled, this is the move i was waiting for yesterday LO
i guess i have must fix my clock and calendar one day forward.

long still on, if someone look for 5th wave down, invalid already base of my count.
it probably C or 3 now, and who know where it's going to finish..

will back late NY session to check things up.
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  • #622,491
  • Sep 9, 2021 3:49am Sep 9, 2021 3:49am
I have the trend of the eur and gbp both upwards currently
  • #622,492
  • Sep 9, 2021 3:49am Sep 9, 2021 3:49am
Lets see if we can get some entry confirmation for a short from H1

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Follow The Markets Structure - Patience and Discipline
  • #622,493
  • Sep 9, 2021 3:56am Sep 9, 2021 3:56am
... 30day adr is down to 74. Today so far 57 which is 76%, y/day 64.
Trader with an Edge.
  • #622,494
  • Sep 9, 2021 3:58am Sep 9, 2021 3:58am
Quoting Pat Chiko
{quote} GU Change of plan. Scalping short for LO. {image}
what made you change direction?
  • #622,495
  • Sep 9, 2021 3:58am Sep 9, 2021 3:58am
Hey guys, the whole day I was trading from my Android as I am out of my home and in travel

After bullish close yesterday in NY, I decided to take only long trade today. And booked good percentage already.
Still I am holding long.
I fancy 3900 or more tomorrow.
The breakout at 3798 confirms this
Today I would book my profit around 3840
Intraday only.
  • #622,496
  • Sep 9, 2021 3:59am Sep 9, 2021 3:59am
Quoting W0lfram
May be partially related to the movement of open interest to the December contract, 6BU1 expires Sep 13th. But what do I know. 1.365 - 1.363 my major area of interest to buy hard. At least 1.383 in mind{image}{image}
Found myself in trouble every time I tried to travel from A to B at one try.
Slowly turning to short biased scalping from 1.383 - 1.385 (not there yet ) to ~1.3724 first
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Also watching if DX finds support @ 92.5
My guess is volatile moves in both direction next few days
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Air force
  • #622,497
  • Sep 9, 2021 4:00am Sep 9, 2021 4:00am
Quoting Pat Chiko
{quote} GU Break above, invalidate the long scalp. Waititng game {image}
please, can you explain this?

which level price break above, for long to be invalidated? and why?

  • #622,498
  • Sep 9, 2021 4:02am Sep 9, 2021 4:02am
... 1hr & 4hr close as a bullish thrust candle, 4hr engulfing last 10 candle bodies on that t/f and establishes the fractal HL at today's current lo.
Trader with an Edge.
  • #622,499
  • Sep 9, 2021 4:02am Sep 9, 2021 4:02am
Quoting Theoak
I think the hourly candle has burnt its fuel. I really fancy 1.3840 being hit. {image}
Going for it long in at 1.3810 and 1.3812
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Don't trade what you think. Just what you see!!!
  • #622,500
  • Sep 9, 2021 4:04am Sep 9, 2021 4:04am
Quoting navk
Hey guys, the whole day I was trading from my Android as I am out of my home and in travel After bullish close yesterday in NY, I decided to take only long trade today. And booked good percentage already. Still I am holding long. I fancy 3900 or more tomorrow. The breakout at 3798 confirms this Today I would book my profit around 3840
safe travel with make good profits
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