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Cable Update (GBPUSD)

  • #624,641
  • Sep 20, 2021 8:23pm Sep 20, 2021 8:23pm
Quoting kris89
{quote} aku krg paham yg 1.618 BC dan 1.27AB=CD itu dsama 886XA gt maksudnya gmn hahaha , kl konsep AB = CD da tau XD PS da tau w haha , fibo rpnya
ok , da tau caranya ,rpnya bs dicombo pakai naked chart w dan fibo mmg cocok benar , thankksss ikyuu
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #624,642
  • Sep 20, 2021 8:32pm Sep 20, 2021 8:32pm
Morning all, I've been lurking and watching your opinions about GU. I usually trade CAD pairs (including GBPCAD), but decide I should take a break from a roller coaster month of unhealthy averaging.
So it's gonna be GU for a while (hopefully no itchy fingers). For today, I'd probably go for a sell around LO time. Would like to see it touch the trendline around 1.363 before going for a buy.
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  • #624,643
  • Sep 20, 2021 8:55pm Sep 20, 2021 8:55pm
buy ...buy..only for me.

Set and forget.

Stop 3640.

No target in mind for me.
Intraday only.
  • #624,644
  • Sep 20, 2021 9:04pm Sep 20, 2021 9:04pm
the targets are here.. convenience that suits you ( sorry, me )
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Intraday only.
  • #624,645
  • Sep 20, 2021 9:08pm Sep 20, 2021 9:08pm
Quoting KiwiTrada
{quote} 20hrs later 93 433 held / holding for now, still no buy or sell option daily printed bearish candle weekly is wick with pa backdown to this weeks open mm sideline for now cable, poor old stirling :-) hrly printing rising channel aka bear flag, wouldnt recommend but have sold 1 3670 with 13pip sl then waiting for london :-)O
bugger, entered just before previous hour closed as doji (bear) and last hour closed another dogi (bull) confusion surprise surprise have reduced sl to 7 pips prefer to wait till london before committing to anything bigger
If you are new to Forex? Say Goodbye to your account!!
  • #624,646
  • Sep 20, 2021 9:14pm Sep 20, 2021 9:14pm
H8
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  • #624,647
  • Sep 20, 2021 9:47pm Sep 20, 2021 9:47pm
Quoting donfriday
before and now Dow his crucial confluence support {image} {image}
may i ask why your fibo levels are 0.25 round and the 1.27 is not 1.25?
  • #624,648
  • Edited 10:51pm Sep 20, 2021 10:28pm | Edited 10:51pm
Quoting mysterio
Looking for buying opportunities tomorrow As we're on daily supply on DXY and daily demand on GU, I believe we can see some recovery from here. We have what looks like accumulation/W pattern here too. I was tempted to hold buy from 1.3650 but also wanted to make sure the day was closed in the green, so will keep scanning for another entry long probably tomorrow. There is a chance we go closer to 1.36-1.3620 which is a well defined structure level I see no reason why we can't get a few hundred pips recovery from these levels but we'll see Also check that daily TL Moty drew. We've been in a daily range which is narrowing in a triangle. We could have bottomed out here. Keep it in mind
Buy baby buy

But probably some sell first looking to buy dips in Frankfurt/LO

Retest of 1.3650 ideal buy for me
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  • #624,649
  • Sep 20, 2021 10:41pm Sep 20, 2021 10:41pm
Quoting callmegood
Morning all, I've been lurking and watching your opinions about GU. I usually trade CAD pairs (including GBPCAD), but decide I should take a break from a roller coaster month of unhealthy averaging. So it's gonna be GU for a while (hopefully no itchy fingers). For today, I'd probably go for a sell around LO time. Would like to see it touch the trendline around 1.363 before going for a buy. {image}
Trigger pulled, selling into trendline, plz hit my sell limit but not my SL
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  • #624,650
  • Sep 20, 2021 10:58pm Sep 20, 2021 10:58pm
Quoting Jolita
{quote} Hi W0lfram, please enlighten us about election situation in Russia. Do you believe Putin will give up so easy? I saw news on BBC how voters were dropping falsificated votes through.
Выборы, выборы! Все кандидаты - п*доры! (с) one famous song

I don't want to talk about it, tbh. Happily waiting for a new package of sanctions due to "unfair elections, bla-bla" or something like that

I saw news on BBC how voters were dropping falsificated votes through.
Everywhere this happens, nothing new. ¯\_(ツ)_/¯ Even the dead people vote.
Air force
  • #624,651
  • Sep 20, 2021 11:00pm Sep 20, 2021 11:00pm
Quoting gatenio
{quote} may i ask why your fibo levels are 0.25 round and the 1.27 is not 1.25?

you can set your fibo the way you want it

i set mine to 75 and 25

fibo default is 1.27 not 1.25
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #624,652
  • Sep 20, 2021 11:02pm Sep 20, 2021 11:02pm
Cable looks so weak to give a solid pullback. A break of that channel we might see price test 1.36080.

1.3700 could act as a short-term resistance

Gold looks bearish as well

Green pips
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  • #624,653
  • Sep 20, 2021 11:04pm Sep 20, 2021 11:04pm
Quoting W0lfram
{quote} Good explanation from mysterio! Just want to add: (If you are not familiar with orders matching mechanics next will sounds like abracadabra.. ) Large participants usually trade with limit orders, they need to mask their activity as much as possible. The exchange also offers them special order types -- ghost- and iceberg limit orders. Which is invisible or partly visible in DOM. If more volume is traded at the ask side during the day, but the price does not move up or even falls -- then sell-limit orders are placed few ticks behind the price,...
Great knowledge

I always wondered how price is manipulated when the delta is opposite- so it can be done with limit orders? I guess spoofing/fake limit orders?
  • #624,654
  • Sep 20, 2021 11:04pm Sep 20, 2021 11:04pm
Quoting W0lfram
Stared at the chart for about 15 minutes, going over the possible scenarios (up or down lol). For me the price is in the most inconvenient place before important news. Where else could it be? 1.363 - 1.361 demand, starts from Jul 20 - 21 volume clusters and Aug lows just below that. Who knows if this zone is still valid... -> 1.3573 Jul low; it's like a sin not to take those SL's. Obviously the most likely outcome if there is no pullback today. Buying/selling but only above 1.361, no decisions below. Delta is fckn huge, of[/highlight]...
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Air force
  • #624,655
  • Sep 20, 2021 11:08pm Sep 20, 2021 11:08pm
Quoting MTF Test
{quote} IMO, GOLD buy is just started. {image}
agree,
if (when) price break 1767 it will continue to 1800-1820
  • #624,656
  • Sep 20, 2021 11:11pm Sep 20, 2021 11:11pm
GU today 3725 min target
tomorrow 3900? as long as Y'L hold.

enjoy
  • #624,657
  • Sep 20, 2021 11:17pm Sep 20, 2021 11:17pm
Quoting mysterio
{quote} Great knowledge I always wondered how price is manipulated when the delta is opposite- so it can be done with limit orders? I guess spoofing/fake limit orders?
Sell-limits also showing on Ask, as you know, throwed behind the price, market buyers just can't break that wall.
Maybe it's algo building/closing positions, hard to say what is actually going on, just guesses. But result on price is the same.

Spoofing is another interesting thing, that's even better example how price can be manipulated
Air force
  • #624,658
  • Sep 20, 2021 11:19pm Sep 20, 2021 11:19pm
Quoting Dethorn
Cable looks so weak to give a solid pullback. A break of that channel we might see price test 1.36080. 1.3700 could act as a short-term resistance Gold looks bearish as well Green pips {image}
nice chart
MY OPINION NOT FINANCIAL ADVISE
  • #624,659
  • Sep 20, 2021 11:32pm Sep 20, 2021 11:32pm
intraday view
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MY OPINION NOT FINANCIAL ADVISE
  • #624,660
  • Sep 20, 2021 11:34pm Sep 20, 2021 11:34pm
Quoting KiwiTrada
{quote} 20hrs later 93 433 held / holding for now, still no buy or sell option daily printed bearish candle weekly is wick with pa backdown to this weeks open mm sideline for now cable, poor old stirling :-) hrly printing rising channel aka bear flag, wouldnt recommend but have sold 1 3670 with 13pip sl then waiting for london :-)O
hourly rising channel still valid, bulls trying hard to push north, 1 3683ish my first entry sl, is barrier, franfurt might fakeout and clip early short stops or dip and clip long stops tricky tricky will try to defend 3683ish couple pips away now, london 27minutes away, decisions decisions :-)
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