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Cable Update (GBPUSD)

  • #626,901
  • Sep 29, 2021 8:07am Sep 29, 2021 8:07am
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  • #626,902
  • Sep 29, 2021 8:07am Sep 29, 2021 8:07am
Quoting JackintheBox
For the newbies here; The reason why GBP got hit are two reasons: First the yearly high-low is too less, it has to break out, the second reason is the situation in UK. The big boys try to use that bad datas to weaken the GBP through the important line of 1.35 downwards. There can be a retrace to 1.3570 but I would not bet on it even chances are about 60%. In longterm chances now are high to see lower lows 1.30 this year could happen. If you are long prepare for 1.34 before retrace to 1.35 (where we are now) occur. You need deep pockets...
Market pushed through 1.3500, now deep enough to retrace back to 1.3500 - can still go deeper but not much. That is very short term. Medium term expect lower quotes - except sth. unusual fundamental happens in UK (for example gas price solved etc.).

I personally want a strong GBP but that has nothing to do with trading. It makes me sad to see GBP decline. Hope they soon can fix at least their biggest problems.
  • #626,903
  • Sep 29, 2021 8:09am Sep 29, 2021 8:09am
imocan be some reverse now
anyway 1.3430th still in the play

P.S. scalping is the best solution for any movement
dolce vita
  • #626,904
  • Sep 29, 2021 8:10am Sep 29, 2021 8:10am
GU

Scalp to SBR zone for retest.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #626,905
  • Sep 29, 2021 8:11am Sep 29, 2021 8:11am
Quoting Not-KPMG
{quote} I saw this... By accident... BTC is limited. Toilet paper unlimited Soooo... Where's BTC price going then?? {image} With that I leave you.... Back next drop. 1.30 hopefully Trade safe
do people use BTC more now in 2021 than they used it in 2017?
or they just HODL?
  • #626,906
  • Sep 29, 2021 8:11am Sep 29, 2021 8:11am
Quoting Pat Chiko
GU Scalp to SBR zone for retest. {image}
  • #626,907
  • Sep 29, 2021 8:14am Sep 29, 2021 8:14am
small support at 1.3450, right behind sitting some SL, so be prepared if 1.3450 got hit we go down quick to 1.3445 than I don't know.

I personally trade on 1.35 but I know what I'm doing. I don't recommend that to you. I see weakness in downtrend but they WANT to go lower, so be careful with counter trend trading. They wait for US-Boys now. Can be another push, not sure if US-Boys will eat that fish, it smells badly but sometimes they don't care and hit it one more time down.

I stay onboard long already for retrace, let's see what's happening.
  • #626,908
  • Sep 29, 2021 8:15am Sep 29, 2021 8:15am
lol it look like she wanna go lower again..
i closed all my buy position.. looking for sell position atm

let the game of "waiting" begin..

plus i see
DXY is on rocket to the moon..
Trade what you see, not what you think.. react and stay sharp..
  • #626,909
  • Sep 29, 2021 8:21am Sep 29, 2021 8:21am
Scalp buy =)

Lets head to head
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #626,910
  • Sep 29, 2021 8:24am Sep 29, 2021 8:24am
Took the day off today after a loss day yesterday, happy to be away as i see no opportunities for my method of scalping really. Maybe one or two but doubt I would have taken, no point trying to force a revenge trade

Market creating new supply areas to sell off of on the way to 1.33

Longs only for scalpers and even then I dont see any of those today. Infact even sell scalps difficult to catch for me, I see one possibility

Major breakout on dollar
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Attached Image
  • #626,911
  • Sep 29, 2021 8:27am Sep 29, 2021 8:27am
But guys why do you keep on buying a falling market (trying to catch a falling knife)?
Plan your trades and trade your plan.
  • #626,912
  • Edited 8:42am Sep 29, 2021 8:31am | Edited 8:42am
Quoting Bryan5229
But guys why do you keep on buying a falling market (trying to catch a falling knife)?


the falling and rising market can bounce
breakout can fail


we are just in a lost ship here
MY OPINION NOT FINANCIAL ADVISE
  • #626,913
  • Sep 29, 2021 8:31am Sep 29, 2021 8:31am
Quoting kris89
Scalp buy =) Lets head to head
Sell again. Cut off the buy
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #626,914
  • Sep 29, 2021 8:33am Sep 29, 2021 8:33am
why is dollar this strong... Don’t even want to retest broken levels so we can get in.
My telegram: https://t.me/avidforex
  • #626,915
  • Sep 29, 2021 8:38am Sep 29, 2021 8:38am
Quoting Bryan5229
But guys why do you keep on buying a falling market (trying to catch a falling knife)?
Scalping.

Wasn't in front of my PC earlier when price start dropping.

Now it's too late to chase the short trade, thus only trying to take quick scalp on pull back.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #626,916
  • Sep 29, 2021 8:38am Sep 29, 2021 8:38am
Quoting donfriday
{quote} the falling and rising market can bounce breakout can fail we are just in a ost ship here
I thought we are suppose to follow the price, but okay I get that you are in "ost ship".
Plan your trades and trade your plan.
  • #626,917
  • Sep 29, 2021 8:38am Sep 29, 2021 8:38am
Quoting Abeeha
buy @1.3458 sl 1.3440
again sl hitted hard
  • #626,918
  • Sep 29, 2021 8:40am Sep 29, 2021 8:40am
Quoting Georginson
{quote} Yes, I highly recommend it, SL should not be too tight... SL at 1.3390
Now i added long 1.3440 with 1.3390 Sl Hope it work
  • #626,919
  • Sep 29, 2021 8:41am Sep 29, 2021 8:41am
Trading long against this stream is dangerous !
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Try the simple and make it for you ~
  • #626,920
  • Sep 29, 2021 8:41am Sep 29, 2021 8:41am
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yes yes yes
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