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Cable Update (GBPUSD)

  • #622,521
  • Sep 9, 2021 4:58am Sep 9, 2021 4:58am
Quoting Tekin
Was this a momentum only who knows
Brother only the Money Maker and Banks
  • #622,522
  • Sep 9, 2021 4:58am Sep 9, 2021 4:58am
Quoting mysterio
{quote} Scale out half the long now and leave the rest to breach the last significant high around 1.39 I realised after this entry that there was a high probability of 1.3730 being touched so the drawdown was a bit scary as my initial risk was around 12 pips {image}


nice treade

but why there was a probability of moving to 1.3730?

price already took that price yesterday
  • #622,523
  • Sep 9, 2021 4:58am Sep 9, 2021 4:58am
Quoting Mr.Burger
{quote} fibo calculations are interconnected, short preparation {image}
I'm short now, price hit my balance line on M1 -8p risk
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 40 KB
Daddy, Brother, Lover, Little Boy
  • #622,524
  • Sep 9, 2021 5:01am Sep 9, 2021 5:01am
Quoting genadi
{quote} nice treade but why there was a probability of moving to 1.3730? price already took that price yesterday
It was just a significant support level-- the probability was yesterday after I entered at the h1 demand

Those levels and RN act like magnets when price gets close

If you notice with cable if it gets to within 15 pips of a RN its highly likely to touch it. If I hadn't identified this level I definitely would have been stopped out so pays to have everything marked out as each trade needs discretion on its own merits. I had taken the h1 demand level and a TL break as confirmation long but then it made that sharp drop down to the support
  • #622,525
  • Sep 9, 2021 5:05am Sep 9, 2021 5:05am
Quoting Pat Chiko
{quote} GU Change of plan. Scalping short for LO. {image}
GU

Stopped out.

Waiting for next set up

Attached Image (click to enlarge)
Click to Enlarge Name: gu 017.jpg Size: 68 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #622,526
  • Sep 9, 2021 5:11am Sep 9, 2021 5:11am
... I took the short but came out for +5 only. It was the way it reached that level, such momentum, although regular bearish div 1min, 3min, 5min convinced me to have a go at least whilst leaving one long running. I'd have been happier to hold the short had there not been such momentum reaching the level, (as seen in 1hr and 4hr candles in particular) and if the >5min t/f's had some regular bearish div too. If it does drop further from here - what is it they say,? I'd rather be out a good one than in a bad one !

4hr below.

... there is potential for bullish hidden div on any deeper drop 15min+, so long as stays above 3753.
Attached Image
Trader with an Edge.
  • #622,527
  • Sep 9, 2021 5:19am Sep 9, 2021 5:19am
Looking like range time until NYO not much in data today so it could just drift up towards 13840 area
Insane in the Brain..
  • #622,528
  • Sep 9, 2021 5:20am Sep 9, 2021 5:20am
Quoting Pat Chiko
{quote} GU Stopped out. Waiting for next set up {image}
GU

Scalping short
Testing YH

Attached Image (click to enlarge)
Click to Enlarge Name: gu 018.jpg Size: 70 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #622,529
  • Sep 9, 2021 5:21am Sep 9, 2021 5:21am
Quoting pipibrasci
GBPi vs USDi. H8 {image} {image}
GBPi H4 sitting on Resistance vs USDi H4 on Support. Likely to see GBPi retrace into channel before going back up. 10-20 pips scalp short.
Attached Images
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #622,530
  • Sep 9, 2021 5:22am Sep 9, 2021 5:22am
Gbpusd 1.38100 buy above, sell below
  • #622,531
  • Sep 9, 2021 5:23am Sep 9, 2021 5:23am
... 5min set-up referred to above is below.
Attached Image (click to enlarge)
Click to Enlarge Name: c9dd83e38ae455de3e52b8bdc4a497d3.png Size: 52 KB
Trader with an Edge.
  • #622,532
  • Sep 9, 2021 5:36am Sep 9, 2021 5:36am
Quoting pipibrasci
{quote} GBPi H4 sitting on Resistance vs USDi H4 on Support. Likely to see GBPi retrace into channel before going back up. 10-20 pips scalp short. {image} {image}
15mins later...GBPi
Attached Image
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #622,533
  • Sep 9, 2021 5:38am Sep 9, 2021 5:38am
Quoting Bones
{quote} Greetings maybe someone did already ,leaving a bullish hammer to consider {image}
Hi Bones,

Thanks for passing the message It worked well. Added +100pips to my portfolio.
  • #622,534
  • Sep 9, 2021 5:39am Sep 9, 2021 5:39am
My View D1/H4
Getting to where we can short again. @ 1.38353
stop a little wide because of the spike in daily time frame
SL: 1.38765
Attached Image (click to enlarge)
Click to Enlarge Name: 8319E860-1E9B-4C9D-856A-B9496C2E001F.png Size: 166 KB
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  • #622,535
  • Edited 11:51am Sep 9, 2021 5:43am | Edited 11:51am
Opened new position.

Testing how reliable IG signals are - shortterm entry long-

Entry 13811.2
Stop (recommended) 13767.1
Limit (recommended) 13858.1

Lets see. Expecting to close before New York opening.
Have you noticed FTSE100?
  • #622,536
  • Sep 9, 2021 5:48am Sep 9, 2021 5:48am
took short to 1.37900-1.38000 area
yes yes yes
  • #622,537
  • Sep 9, 2021 5:50am Sep 9, 2021 5:50am
Quoting Pat Chiko
{quote} GU Scalping short Testing YH {image}
What is YH? I dont understand
  • #622,538
  • Sep 9, 2021 5:59am Sep 9, 2021 5:59am
momentum is strong but i say it can retrace all the way back and more....
  • #622,539
  • Sep 9, 2021 6:00am Sep 9, 2021 6:00am
Quoting pipibrasci
{quote} GBPi H4 sitting on Resistance vs USDi H4 on Support. Likely to see GBPi retrace into channel before going back up. 10-20 pips scalp short. {image} {image}
Fib. levels for GBPi (0.382) and USDi (0.236) in play. (H4)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDi H4.JPG Size: 139 KB
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #622,540
  • Sep 9, 2021 6:01am Sep 9, 2021 6:01am
Quoting Jolita
Opened new position. Testing how reliable IG signals are - short entry long- Entry 13811.2 Stop (recommended) 13767.1 Limit (recommended) 13858.1 Lets see. Expecting to close before New York opening. Have you noticed FTSE100?
I used to use them all the time however lost too much just using them. They have their place though as there is some analysis done.
Insane in the Brain..
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