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Cable Update (GBPUSD)

  • #622,681
  • Sep 9, 2021 8:58pm Sep 9, 2021 8:58pm
I see team muppet paid a visit, looking for eu to dump..... hard:-)
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  • #622,682
  • Sep 9, 2021 9:01pm Sep 9, 2021 9:01pm
Quoting KiwiTrada
I see team muppet paid a visit, looking for eu to dump..... hard:-)
U Cad to fly?? pa now 1 2655
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  • #622,683
  • Sep 9, 2021 9:47pm Sep 9, 2021 9:47pm
Quoting Headland
... So, as discussed in my post above, a big day today in terms of 30day adr @ 147% but actually still only 102pips, which on a multi-year historical basis is still low. This is the 2nd >30day adr day this week (a promising sign?) and should drag that average up by a pip or two, (currently 74.) Less than 2hrs to go till day's close on the gmt+3 daily candle. * That 3726 y/day's lo is very likely to be confirmed as a L on the dly t/f with close of what almost certainly will be a bullish dly candle today. This t/f remains in an uptrend despite this...

I enjoy your chart.
Nice and sweet explanation
MA provides the market's current direction and strength.
  • #622,684
  • Sep 9, 2021 9:47pm Sep 9, 2021 9:47pm
took a little loss on the stupide short
switched to long
still closed yesterday with 50 $ profit
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yes yes yes
  • #622,685
  • Sep 9, 2021 10:03pm Sep 9, 2021 10:03pm
Hi
all new traders here
Allow me to give you a idea.

Go to Coreg2004 profile and you will find good reading material.
If you don't have enough time you can spend some time on is past price analysis chart, You will not understand many things but I can tell you will learn a lot from his chart.
My opinion is he is one of the Best chartist Active here in ff.

Hope that helps all new members here.
Senior member already know that
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MA provides the market's current direction and strength.
  • #622,686
  • Sep 9, 2021 10:03pm Sep 9, 2021 10:03pm
Quoting KiwiTrada
{quote} U Cad to fly?? pa now 1 2655
atleast market moved, but wrong way!!!
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  • #622,687
  • Sep 9, 2021 10:06pm Sep 9, 2021 10:06pm
Quoting KiwiTrada
{quote} atleast market moved, but wrong way!!!
sold cable 1 3852 sl 13 pips now wait!
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  • #622,688
  • Sep 9, 2021 11:37pm Sep 9, 2021 11:37pm
Parrot Reading

I am expecting a bearish day today Followed with a Bullish BIAS next week.

Cheers People !
Fools Rushing
  • #622,689
  • Sep 9, 2021 11:39pm Sep 9, 2021 11:39pm
Gbpusd currently is in a ranging market with overhead resistance at 1.38600.
  • #622,690
  • Sep 9, 2021 11:42pm Sep 9, 2021 11:42pm
Quoting MTF Test
I am expecting a bearish day today Followed with a Bullish BIAS next week. Cheers People !
price should continue to 1.3905.
this is the monthly R1 and FE 261.8 (usually strong move London-NY dont stop at LO)
but we do have a pattern down as well with minimum target 1.38, max target 1.371 (SL for this pattern is 1.3869)

i will wait today to NY session for first trade on cable
  • #622,691
  • Sep 9, 2021 11:51pm Sep 9, 2021 11:51pm
if price manage to hold above 1.38250 - next extend 1.3900 max 1.39800
will watch these LO - NYO , after that huge candle , price always take Liquidation above before any correction to Interest area
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #622,692
  • Sep 9, 2021 11:52pm Sep 9, 2021 11:52pm
Quoting gatenio
{quote} price should continue to 1.3905. this is the monthly R1 and FE 261.8 (usually strong move London-NY dont stop at LO) but we do have a pattern down as well with minimum target 1.38, max target 1.371 (SL for this pattern is 1.3869) i will wait today to NY session for first trade on cable
Fare enough. It's just a parrot reading. means probabilities of getting right 50:50. But few logical analytical judgment like yours will give us 51% winning chance.

My perspective will be based on the price behavior.

Cheers my friend. !
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Fools Rushing
  • #622,693
  • Sep 10, 2021 12:02am Sep 10, 2021 12:02am
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just my thought as the price is always do the ladder above

idk , i might be wrong . but im sticking to plan
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #622,694
  • Sep 10, 2021 12:07am Sep 10, 2021 12:07am
G/M, early start for me - hopefully early finish. Some Uk data out at top of this hour (0700am Uk time.)

Following the pullback from yesterday's hi price found support at the base of the prev 1hr spike hi zone = prev res =pot rbs from Tuesday, and after a retest of it has drifted higher from it during the asian session. London forex desks will begin kicking in from circa 0630am local.

1hr below.
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Trader with an Edge.
  • #622,695
  • Sep 10, 2021 12:08am Sep 10, 2021 12:08am
Quoting AlfieSolomon
This is what i learned from babypips {image}
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  • #622,696
  • Sep 10, 2021 12:17am Sep 10, 2021 12:17am
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yes yes yes
  • #622,697
  • Sep 10, 2021 12:42am Sep 10, 2021 12:42am
Quoting KiwiTrada
{quote} sold cable 1 3852 sl 13 pips now wait!
2 1/2 hrs later still waiting, is important level for both bull and bear, bull back into big daily rising channel bear potential bearish trend reversal, will eyeball previous 4hr high for a second entry 1 3861 will know more @ London open, cad data tonight so focused UCad
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  • #622,698
  • Sep 10, 2021 1:06am Sep 10, 2021 1:06am
...with the exception of ind prod m/m all the other 0700am london uk data releases were below forecasts....price is challenging a prev minor 1hr sw hi = prev res = pot rbs.

1hr below.
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Trader with an Edge.
  • #622,699
  • Sep 10, 2021 1:12am Sep 10, 2021 1:12am
Quoting Headland
...with the exception of ind prod m/m all the other 0700am london uk data releases were below forecasts....price is challenging a prev minor 1hr sw hi = prev res = pot rbs. 1hr below. {image}
im surprised we didn’t see a bigger drop as the data release missed all but 1 target. Maybe that will change once LO
Insane in the Brain..
  • #622,700
  • Sep 10, 2021 1:18am Sep 10, 2021 1:18am
Quoting Ryd3n
{image}
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Respecting the trendline.
We cut the winners short and let the losers run.
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