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Cable Update (GBPUSD)

  • #622,701
  • Sep 10, 2021 1:23am Sep 10, 2021 1:23am
Quoting BeeTogether
{quote} im surprised we didn’t see a bigger drop as the data release missed all but 1 target. Maybe that will change once LO
yeh same here. I did want to get long on close of that 5min bull thrust candle on 2nd test of this prev 1hr sw hi zone that closed at 0715am london, but the conflict with getting long £ and that data stopped me.
Trader with an Edge.
  • #622,702
  • Sep 10, 2021 1:34am Sep 10, 2021 1:34am
go up mf
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yes yes yes
  • #622,703
  • Sep 10, 2021 1:34am Sep 10, 2021 1:34am
Quoting stevepatt
{quote} GBP/USD Pending Short Trade Pending Short Trade 1.38700 Target 1.37000 Stop 1.39000 {image}
GBP/USD Canceled Pending Short at 1.38700

In/Decision Time
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  • #622,704
  • Sep 10, 2021 1:40am Sep 10, 2021 1:40am
Quoting W0lfram
{quote} 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 {image} Also watching if DX finds support @ 92.5 My guess is volatile moves in both direction next few days{image}
1.378 or 1.3905 - probably today
1.4035 or 1.363 - someday
Top tier analysis. But how to use it?

Jokes aside:
daily candle probability of closing bear
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Air force
  • #622,705
  • Sep 10, 2021 1:57am Sep 10, 2021 1:57am
Who knows ~ ?

just trade some time with some money XD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #622,706
  • Sep 10, 2021 2:00am Sep 10, 2021 2:00am
Quoting kris89
{image} just my thought as the price is always do the ladder above idk , i might be wrong . but im sticking to plan
Now you see what i have been seeing all these while but this biz is quite tricky. It may or may not happen
  • #622,707
  • Sep 10, 2021 2:01am Sep 10, 2021 2:01am
Quoting kris89
{image} just my thought as the price is always do the ladder above idk , i might be wrong . but im sticking to plan
All I see is triple top forming
  • #622,708
  • Edited 3:35pm Sep 10, 2021 2:01am | Edited 3:35pm
Quoting KiwiTrada
{quote} 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
Cable not willing to retrace.

Re:UCad
IG signal is interesting -
Buy @12600,
TP @12800

According to them price expect a drop first 45points and if resistance 12680 broken, baby will fly 200points.
Confidence in this trade 80%.

Interesting.. Let's find out soon. Great signal if accurate.

1 sell + 1buy order entered

Update:
Sell order TP taken.
Buy order manually closed.
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  • #622,709
  • Sep 10, 2021 2:02am Sep 10, 2021 2:02am
Long in at 1.3859 and 1.3861
Don't trade what you think. Just what you see!!!
  • #622,710
  • Sep 10, 2021 2:05am Sep 10, 2021 2:05am
...into a prev 1hr sw hi zone = prev res = pot res at the current dly hi, this extends to 3868. 85.4% 3892-3726 in there @ 3867.

Above there, 4hr part of the prev 1hr/4hr/dly sw hi zone to 3892 starts circa 3875. Dly R1 in there circa 3882.

1hr below.
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Trader with an Edge.
  • #622,711
  • Sep 10, 2021 2:08am Sep 10, 2021 2:08am
price going to retrace.

1.382 or more for me
Sl above 1.387

this is probably small 4th wave - rangy day aka bullish flag?
if price will not break 1.387 1h divergence.
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  • #622,712
  • Sep 10, 2021 2:13am Sep 10, 2021 2:13am
... right on that desc dly t/line at the current dly hi, there is also a 4hr one (3983-3892) that on this current 4hr candle comes thru circa 3875.

dly below
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Trader with an Edge.
  • #622,713
  • Sep 10, 2021 2:14am Sep 10, 2021 2:14am
Goodmorning friends,European traders resume bearish on cable to end the week as cable finds itself within a ranging environment between 1.3830 -1.3919 today with the bearish bias point @ 1.3819 we expect the day to close bearish towards 1.3807 beyond provided price holds @1.3811. maximum or below. Price action understanding remains most vital and powerful key in making critical trade decisions in various markets for a continuous profiting.Happy trading
  • #622,714
  • Sep 10, 2021 2:15am Sep 10, 2021 2:15am
Quoting gatenio
price going to retrace. 1.382 or more for me Sl above 1.387 this is probably small 4th wave - rangy day aka bullish flag? if price will not break 1.387 1h divergence. {image}
with you buddy with same sl
  • #622,715
  • Sep 10, 2021 2:16am Sep 10, 2021 2:16am
Quoting mysterio
Half size runner leaving overnight {image}
Set my TP at 1.39 on this-hopefully hits today

Price making a beeline for that last high
  • #622,716
  • Sep 10, 2021 2:26am Sep 10, 2021 2:26am
Quoting gabolan3
Goodmorning friends,European traders resume bearish on cable to end the week as cable finds itself within a ranging environment between 1.3830 -1.3919 today with the bearish bias point @ 1.3819 we expect the day to close bearish towards 1.3807 beyond provided price holds @1.3811. maximum or below. Price action understanding remains most vital and powerful key in making critical trade decisions in various markets for a continuous profiting.Happy trading
This analysis although probably well meaning is nonsense. Firstly, since Frankfurt and particularly London forex desks opened price has moved up - ie bullish not bearish. Secondly, 1hr is in an uptrend and 4hr now has 2 x HL's and what will be a HH when it forms fractally so also in an uptrend - what part of that is rangy I ddn't know. As for what will happen by day's end - none of us has any idea - you can expect what you like, the market doesn't give a shit re what we expect. Anything can happen.
Trader with an Edge.
  • #622,717
  • Sep 10, 2021 2:33am Sep 10, 2021 2:33am
Quoting Nd10
{quote} All I see is triple top forming
the behavior of GU is while forming the 3rd top is always more higher to gain the order upside , big picture still on Bear , just to complete the Distribution on Daily that M.Fadly always mention back there
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #622,718
  • Sep 10, 2021 2:39am Sep 10, 2021 2:39am
just a note on the dxy. The reaction off of the daily supply was part of the basis for my long on GU. Also after we break a TL on h1/h4 we always come back to retest in an impulsive move. There's a few potential zones where we could react and turn bullish again

Seems like we will go back to the low 92s

Kind of expecting bear after we take out that last high around 1.39, but theres a chance we go for the liquidity at 1.40, just have to keep an eye on the PA. Speaking of TL retests, maybe the bull move on the daily was just that, a correction before continuing bearish

Freitag so hoping we just do a straight line blast off to 1.39
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  • #622,719
  • Sep 10, 2021 2:40am Sep 10, 2021 2:40am
Quoting Headland
{quote} This analysis although probably well meaning is nonsense. Firstly, since Frankfurt and particularly London forex desks opened price has moved up - ie bullish not bearish. Secondly, 1hr is in an uptrend and 4hr now has 2 x HL's and what will be a HH when it forms fractally so also in an uptrend - what part of that is rangy I ddn't know. As for what will happen by day's end - none of us has any idea - you can expect what you like, the market doesn't give a shit re what we expect. Anything can happen.
He ignored all questions/comments from other members in the past.
Maybe he don't give a sht or this is copy-paste from some 'signal group'...
Air force
  • #622,720
  • Sep 10, 2021 2:44am Sep 10, 2021 2:44am
Profit Locked
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Intraday Trading is an Art _ hoda
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