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Cable Update (GBPUSD)

  • #623,761
  • Sep 16, 2021 1:52am Sep 16, 2021 1:52am
I am a bit tempted to buy weekly pivot, lets see if we make another push down
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  • #623,762
  • Sep 16, 2021 1:55am Sep 16, 2021 1:55am
Quoting Georginson
Hello guys, we are getting to the business end of September and lots of movement is expected. In this last 10 trade days of September, we will see 1.3540 or 1.4086. A break of 1.3720 will make 1.3540 imminent; A break of 1.3920 will make 1.4086 imminent. Structural Scenarios and Bias: 1.3540 has 70% chance 1.4086 has 30% chance Be guided and trade with utmost caution. Cheers, George.
looks like the bear side will outrun the bull.

I have joined your side pal, abandoned the bull ship
  • #623,763
  • Sep 16, 2021 1:57am Sep 16, 2021 1:57am
added more buy @1.38120 ^^ sniper
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #623,764
  • Sep 16, 2021 2:03am Sep 16, 2021 2:03am
Goodmorning friends, what a day we have ahead after price failed to close above 1.3851 but closed above 1.3830 mark we posted yesterday a level at which equity buyers and option traders seriously battled for hours. Today European traders have bearish sentiment on cable with price holding below bearish bias point 1.3797 coupled with the strength of the resistance @1.3811 we expect price to hit the week low 1.3722-12. and close bearish below 1.3815.happy traading
  • #623,765
  • Sep 16, 2021 2:04am Sep 16, 2021 2:04am
Quoting kris89
added more buy @1.38120 ^^ sniper
SL just 5 pip , will see if the price will follow the order flow to going up or taken down to 1.37700 first
double bottom filled . if up going to hard
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #623,766
  • Sep 16, 2021 2:04am Sep 16, 2021 2:04am
Quoting mysterio
I am a bit tempted to buy weekly pivot, lets see if we make another push down {image}
Just a scalp 10-20 pips

Stops go to BE soon
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  • #623,767
  • Sep 16, 2021 2:05am Sep 16, 2021 2:05am
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yes yes yes
  • #623,768
  • Sep 16, 2021 2:05am Sep 16, 2021 2:05am
Quoting Konichiwhaat
{quote} How did you calculate the following, just out of interest... Structural Scenarios and Bias: 1.3540 has 70% chance 1.4086 had 30% chance Thanks
Minimum Monthly range is 360 pips;

Current High (1.3913) minus 360 pips = 1.3553
Current Low (1.3726) plus 360 pips = 1.4086

Bearish bias Reasons:
* Price keeps staying below 1.3910
* Price hasn't dropped below yearly open of 1.3650 by 250 pips or more which should make 1.3400 imminent by or before year end.

Note: Since Year 2011, GBPUSD rate has always moved above and below yearly open prices by 250 pips or more. This year price has moved above the open price by 250 pips or more but yet to move below the opening price by 250 pips or more.

This is a skeletal explanation, I hope it explains it to an extent.

Cheers,
George.

Quoting fxmasterdxb
{quote} looks like the bear side will outrun the bull. I have joined your side pal, abandoned the bull ship
Hi Mate, the battle isn't yet decided, why giving up so easy. It is not over until it is finally over, so I'm not going to claim any Victory till Friday comes to an end. Things can change quickly.
Data + Stat + Risk/Emotions Management
  • #623,769
  • Sep 16, 2021 2:12am Sep 16, 2021 2:12am
Quoting Georginson
{quote} Minimum Monthly range is 360 pips; Current High (1.3913) minus 360 pips = 1.3553 Current Low (1.3726) plus 360 pips = 1.4086 Bearish bias Reasons: * Price keeps staying below 1.3910 * Price hasn't dropped below yearly open of 1.3650 by 250 pips or more which should make 1.3400 imminent by or before year end. Note: Since Year 2011, GBPUSD rate has always moved above and below yearly open prices by 250 pips or more. This year price has moved above the open price by 250 pips or more but yet to move below the opening price by 250 pips or more....
Great, thanks
Emotional Control. Process, not outcome.
  • #623,770
  • Edited 2:29am Sep 16, 2021 2:16am | Edited 2:29am
if look h4 1.37400 after up i suppose 1.40.h1 big channel 1.37500.low of big h4 channel was 1.36100,and up around 1.40. so wait,it didnt touch yet ,i dont know it can touch 1.42600 this time this is daily
  • #623,771
  • Sep 16, 2021 2:18am Sep 16, 2021 2:18am
Quoting Pat Chiko
GU Scalping in range box to London Open Testing Daily Open Price. Warm up. {image}
GU

Stopped out -13,8 pips

Re-entry at SRF zone.


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I come from the future.
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  • #623,772
  • Sep 16, 2021 2:21am Sep 16, 2021 2:21am
Quoting mysterio
{quote} Just a scalp 10-20 pips Stops go to BE soon {image}
Probs just TP here or around 1.3838 wait for new setup
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  • #623,773
  • Sep 16, 2021 2:21am Sep 16, 2021 2:21am
Quoting kris89
{quote} SL just 5 pip , will see if the price will follow the order flow to going up or taken down to 1.37700 first double bottom filled . if up going to hard
so far so good +20
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #623,774
  • Sep 16, 2021 2:26am Sep 16, 2021 2:26am
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yes yes yes
  • #623,775
  • Sep 16, 2021 2:29am Sep 16, 2021 2:29am
Morning, added additional buy order at 13816. Expecting 13880 today, if not higher.

EuCad finally under 14900.
Oil TP moved to 75.90
  • #623,776
  • Sep 16, 2021 2:38am Sep 16, 2021 2:38am
Quoting Jolita
Morning, added additional buy order at 13816. Expecting 13880 today, if not higher. EuCad finally under 14900. Oil TP moved to 75.90
we shall see, bears have infinished business @ 13800
If you are new to Forex? Say Goodbye to your account!!
  • #623,777
  • Sep 16, 2021 2:41am Sep 16, 2021 2:41am
Quoting KiwiTrada
{quote} we shall see, bears have infinished business @ 13800
Absolutely. Could also test last week's low. Trade safe
  • #623,778
  • Sep 16, 2021 2:41am Sep 16, 2021 2:41am
Quoting Jolita
Morning, added additional buy order at 13816. Expecting 13880 today, if not higher. EuCad finally under 14900. Oil TP moved to 75.90
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Green pips Jolita!

God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #623,779
  • Sep 16, 2021 2:45am Sep 16, 2021 2:45am
This is daily.
after weekly chart.
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  • #623,780
  • Sep 16, 2021 2:48am Sep 16, 2021 2:48am
Quoting KiwiTrada
{quote} we shall see, bears have infinished business @ 13800
dix is couple pips away from putting in new daily high, important level, sellers do not want it taken!!!! 92 681 pa now 92 671 :-)
If you are new to Forex? Say Goodbye to your account!!
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