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Cable Update (GBPUSD)

  • #627,121
  • Sep 30, 2021 3:07am Sep 30, 2021 3:07am
Quoting Mr.Burger
{quote} one order that was left behind was finally picked up {image} --- twin peaks bullish divergence

The level Support Strong, The Price trying to Penetrate those Level,
  • #627,122
  • Sep 30, 2021 3:10am Sep 30, 2021 3:10am
build ur strategy and trade it for 3 months if it work stay with it and upgrade it when needed..

its easy to understand that strategy you develop yourself.
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #627,123
  • Sep 30, 2021 3:10am Sep 30, 2021 3:10am
Updated my chart to Matrix 2.0 and enjoying unerwater life with fishes. Matrix 2.0 shows 1.35553 for today. BUT looks like too good to be true. But we will see at the end of the day. Till the end
  • #627,124
  • Sep 30, 2021 3:13am Sep 30, 2021 3:13am
GBP/USD D1 H4 Observations
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 30th Sept 21 GBP_USD H4 Observations_20210930_09.00.png Size: 102 KB
  • #627,125
  • Sep 30, 2021 3:20am Sep 30, 2021 3:20am
Quoting phoenix777
{quote} I don't have that strong mentality, I'm quite happy with the luxury of being a short time trader, whenever i reach my target, then it's done. For me, longer time in the market makes me more vulnerable, i'm just a small fish btw today is another easy day. See you tomorrow {image}
The market is not quite right for me at the moment. The big falls have put it into ranging condition. When it works it way out will get back in.
Don't trade what you think. Just what you see!!!
  • #627,126
  • Sep 30, 2021 3:28am Sep 30, 2021 3:28am
Quoting KiwiTrada
silver @ important support need daily to see, 21 622 pa now 21 622, if it breaks, it should dump heavily yesterdays dump will seem miniscule :-) support is buy, but watchout for bo south will be violent no stop loss traders stay away
7hrs later and 21 622 still in play, looking for short aussie 7214 backstop sl just above continuation of hrly trend pa now 7205
If you are new to Forex? Say Goodbye to your account!!
  • #627,127
  • Sep 30, 2021 3:28am Sep 30, 2021 3:28am
Quoting kris89
{quote} hhhh , trader indo banyak yg gila2 pro , cmn g nampak btg hidung , masuk komunitas ngopir
pada cari mangsa kali wkwkkkww.
not euphoria follower
  • #627,128
  • Sep 30, 2021 3:37am Sep 30, 2021 3:37am
GU in range it seems. The bears seem to have the upper hand as semi decent Uk data didn’t move the pair much.

a break above 135 May move things upwards. I’m looking to exit my long from 13850. Personal bias has shifted to short till 132
Insane in the Brain..
  • #627,129
  • Sep 30, 2021 3:38am Sep 30, 2021 3:38am
will enter more buy @1.3420-1.3425
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #627,130
  • Sep 30, 2021 3:55am Sep 30, 2021 3:55am
How Bad Are Things in China? Goldman Sachs Just Slashed Its Growth Forecast to Zero.

https://www.barrons.com/articles/gol...ro-51632835741
not euphoria follower
  • #627,131
  • Sep 30, 2021 3:57am Sep 30, 2021 3:57am
The markets are still in sell mode, however the relief rally is coming soon.
  • #627,132
  • Sep 30, 2021 4:02am Sep 30, 2021 4:02am
Quoting Houtbay
The markets are still in sell mode, however the relief rally is coming soon.
give it more time , NYO . not now , will play a little bit
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #627,133
  • Sep 30, 2021 4:12am Sep 30, 2021 4:12am
Quoting kris89
{quote} give it more time , NYO . not now , will play a little bit
as long as 1.3435 holding with no 1h close below its only matter of time for the spikes to begin.
  • #627,134
  • Sep 30, 2021 4:15am Sep 30, 2021 4:15am
Quoting gatenio
{quote} as long as 1.3435 holding with no 1h close below its only matter of time for the spikes to begin.
that exactly what we agreed . im checking the pattern on M1 for confident entry buy and its juts happen rn

will watch the sky @1.3480 area , if these can be break , we sure can see 100 pip movement again today ^_^
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #627,135
  • Sep 30, 2021 4:18am Sep 30, 2021 4:18am
Tight consolidation.. boring. Nothing on the cable for me here.

I will check back on Monday, personally it looks like sell the rallies to me still, I still see space below

Any of these zones are a potential sell based on LTF PA
Attached Image
  • #627,136
  • Sep 30, 2021 4:20am Sep 30, 2021 4:20am
Quoting mysterio
Tight consolidation.. boring. Nothing on the cable for me here. I will check back on Monday, personally it looks like sell the rallies to me still, I still see space below
I think we should wait tomorrow’s NFP and see how GBP will react.
My entire life in one sentence: it didn't go as planned, and that's ok.
Random Scalper All Time Return: 8.9%
  • #627,137
  • Sep 30, 2021 4:24am Sep 30, 2021 4:24am
Quoting kris89
{quote} that exactly what we agreed . im checking the pattern on M1 for confident entry buy and its juts happen rn will watch the sky @1.3480 area , if these can be break , we sure can see 100 pip movement again today ^_^
im not closing nothing before 1.3592
  • #627,138
  • Sep 30, 2021 4:26am Sep 30, 2021 4:26am
Ping ping day
  • #627,139
  • Edited 4:42am Sep 30, 2021 4:27am | Edited 4:42am
Quoting gatenio
{quote} im not closing nothing before 1.3592
It's fair, we surely have to retest 1.36 area at some point

For me I see no basis to open a long around here though but it can easily rally here I just dunno so for me not tradable unless I expect to win

I believe the end point for this sell off is 1.3134-1.3292 as this is daily and weekly demand so buyers can step in a big way here. I would wanna open big swing buys around here probs

Will there be a correction to 1.36 before then, wait and see but for me is a surefire sell up there

Despite not being part of it it's nice to see the cable making big old school swings again feel happy for the people who are short higher up

This is in no way a gloat but was expecting the drop when we broke DXY weekly supply, just didn't expect the bounce back down before it did properly break. So it's an academic point unless you can actually time it and execute it lol. Great learning experience if anything. Just be careful committed buyers because there is still plenty room down for cable and up for DXY

Quoting mysterio
{quote} It broke weekly supply and was just retesting today (dollar). GU just filling daily imbalance and contacting daily supply imo Same with Euro broke weekly demand The floodgates are open for a drop in Euro same on Cable imo Huge drop But has to be from around here I think or not much further up. I'll look for a sharp rise around LO to bring in buyers then sell to 1.35ish. Maybe, see where we're at {image}
Last point, the Euro has now reached its target by taking out the swing low I was talking about, so can bull at any time. There is a very broad correlation between the trend of the pairs

Quoting mysterio
{quote} Yea thats the thing for GU bulls Euro likely to put upwards pressure on DXY So GU upside may be limited until we sweep this low on Eurodollar, imo. However the pairs are diverging currently {image}
Attached Image (click to enlarge)
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Attached Image
  • #627,140
  • Edited 6:04am Sep 30, 2021 4:32am | Edited 6:04am
Quoting IBabyTrader
{quote} Isn't LO open at 8 AM GMT?
Yes, London Stock Exchange opens 8am.
Major banks 9am.

Most moves start from 9am.

Europe - Franfurt Stock Exchange, also classified as LO, that moves the market from 8am, they are 1 hour ahead to BST.

I might be wrong.
Any stock exchange people here?

https://www.investopedia.com/article...ket-system.asp
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