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Cable Update (GBPUSD)

  • #623,481
  • Sep 14, 2021 1:01pm Sep 14, 2021 1:01pm
Today's rejection at 1.39 tells me that the cable is gonna range lower again.
While the week is not yet over, seeing how it gets rejected from that supply level and how the daily candle has (about to) formed a big pin bar, it does seems that the bulls are losing steam.
On top of that, the constant rejection came from the bottom of a already broken rising channel in the daily TF.
Tomorrow, I would love to try selling if the price pulls back to 1.3878 area.
More on that later...
Attached Image (click to enlarge)
Click to Enlarge Name: 22a2415c8ba03ed494ee4e4da0e40dcc.png Size: 98 KB
Aim for what's achievable and don't be a dreamer.
  • #623,482
  • Sep 14, 2021 1:06pm Sep 14, 2021 1:06pm
I have to say, current PA is not looking good for bulls, if we get hourly/4hr candle close below 1.3825 i will close my longs
  • #623,483
  • Sep 14, 2021 1:11pm Sep 14, 2021 1:11pm
Quoting mysterio
{quote} Sorry you're leaving, price is still above your entry point and looks like all your stops have been blown out though ? Bias is one thing execution is a whole other Man if I could go back to all the times I was right but it didn't result in more money in my account, I wouldn't be posting on FF either believe me

FF is a forum to learn not a signal service

many newbie still dont know what FF is about, they are mostly here to pick trading call and enjoy the profit alone without sharing...


MY OPINION NOT FINANCIAL ADVISE
  • #623,484
  • Sep 14, 2021 1:13pm Sep 14, 2021 1:13pm
Quoting mysterio
{quote} Sorry you're leaving, price is still above your entry point and looks like all your stops have been blown out though ? Bias is one thing execution is a whole other Man if I could go back to all the times I was right but it didn't result in more money in my account, I wouldn't be posting on FF either believe me
no buddy my trades we already secured at the time. My stops were hit at entry. I re-entered again above the PWH. So I'm still running well to 1.37
  • #623,485
  • Sep 14, 2021 1:14pm Sep 14, 2021 1:14pm
Quoting donfriday
{quote} ur broker is jealous...

I wish..they probably following my trades
  • #623,486
  • Sep 14, 2021 1:21pm Sep 14, 2021 1:21pm
Quoting DLTrader
Today's rejection at 1.39 tells me that the cable is gonna range lower again. While the week is not yet over, seeing how it gets rejected from that supply level and how the daily candle has (about to) formed a big pin bar, it does seems that the bulls are losing steam. On top of that, the constant rejection came from the bottom of a already broken rising channel in the daily TF. Tomorrow, I would love to try selling if the price pulls back to 1.3878 area. More on that later... {image}

love your insight ..and charts
Thx for posting
  • #623,487
  • Sep 14, 2021 1:21pm Sep 14, 2021 1:21pm
OK, and by which timeframe you define the “one trend”?

Think about what happens to MA line when switching between timeframes. This answers the question

Quoting nAVIN2007
{quote} there is actually one trend and every time frame is just a snippet of the trend overall At least this is how i view it
  • #623,488
  • Sep 14, 2021 1:29pm Sep 14, 2021 1:29pm
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Click to Enlarge Name: GBPUSDH1.png Size: 66 KB
  • #623,489
  • Sep 14, 2021 1:30pm Sep 14, 2021 1:30pm
Quoting fxmasterdxb
I have to say, current PA is not looking good for bulls, if we get hourly/4hr candle close below 1.3825 i will close my longs
Out of my longs
  • #623,490
  • Sep 14, 2021 1:32pm Sep 14, 2021 1:32pm
Quoting donfriday
{quote} first thing i post this morning was see you at 13700
trust me if this thing goes there ...we going a lot deeper
  • #623,491
  • Sep 14, 2021 1:36pm Sep 14, 2021 1:36pm
Slow motion falling knife?

bulls running scared.
  • #623,492
  • Sep 14, 2021 1:38pm Sep 14, 2021 1:38pm
Quoting Ilvez
OK, and by which timeframe you define the “one trend”? Think about what happens to MA line when switching between timeframes. This answers the question {quote}

I like it..u see u making me question myself and yes .. I agree
I tried to be smart
  • #623,493
  • Sep 14, 2021 1:39pm Sep 14, 2021 1:39pm
Quoting gatenio
Slow motion falling knife? bulls running scared.

my lots size is doing the trick ..lol
  • #623,494
  • Sep 14, 2021 1:40pm Sep 14, 2021 1:40pm
Quoting nAVIN2007
{quote} my lots size is doing the trick ..lol
Yeah.. probably.
  • #623,495
  • Sep 14, 2021 1:41pm Sep 14, 2021 1:41pm
Quoting nAVIN2007
{quote} trust me if this thing goes there ...we going a lot deeper


i will buy the beast at 137 and 13650 for heavy profit..
MY OPINION NOT FINANCIAL ADVISE
  • #623,496
  • Sep 14, 2021 1:44pm Sep 14, 2021 1:44pm
Damn long looking very weak
Insane in the Brain..
  • #623,497
  • Sep 14, 2021 1:48pm Sep 14, 2021 1:48pm
Quoting BeeTogether
Damn long looking very weak
Still holding 3850?
  • #623,498
  • Sep 14, 2021 1:50pm Sep 14, 2021 1:50pm
Back to square one , maybe another long opportunity tomorrow

as it stands direction is still long from D1 and H4 still showing as a correction against D1, of course that could change if 3796 low is taken out.
Follow The Markets Structure - Patience and Discipline
  • #623,499
  • Sep 14, 2021 1:54pm Sep 14, 2021 1:54pm
Quoting gatenio
{quote} Still holding 3850?
yup Looking for a bounce from 138 and potentially add a long from there
Insane in the Brain..
  • #623,500
  • Sep 14, 2021 1:57pm Sep 14, 2021 1:57pm
Quoting BeeTogether
{quote} yup Looking for a bounce from 138 and potentially add a long from there
I think we should see some bounce some where between here and 1.3810, im on the sideline on all cases, need to see the trend more clearly
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