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Cable Update (GBPUSD)

  • #628,141
  • Oct 5, 2021 7:38am Oct 5, 2021 7:38am
The bears are getting ready. Might put 1/2 lot in as its not my strategy!!!
Don't trade what you think. Just what you see!!!
  • #628,142
  • Oct 5, 2021 7:43am Oct 5, 2021 7:43am
Quoting Theoak
The bears are getting ready.
i dont think so Theo
long mode still valid imo
in wondering about yourself, you forgot what you came here to be part of
  • #628,143
  • Oct 5, 2021 7:51am Oct 5, 2021 7:51am
Quoting knkie
{quote} i dont think so Theo long mode still valid imo
How's it going bud? The short term did not set up. So did not take the trade!! If it does set-up I'll have a pop and post for fun!! It's a fun trade as I'm bored. I have been very reckless this morning (very bad trading), but you know me!!! No one is really in control as there's no juice!!! It could go up or down!!!
Don't trade what you think. Just what you see!!!
  • #628,144
  • Oct 5, 2021 7:52am Oct 5, 2021 7:52am
Quoting Moty
{image}
58 pips moved from lows today.

Considering ADR, it needsto test 3700 today if bullish.

On a 4 hr reversal, it just needs to test daily open line and go below that for full pledged sell tomorrow and friday.

I may be wrong... the trend may continue further.

I am short at 3624. stop 3637
Intraday only.
  • #628,145
  • Oct 5, 2021 7:57am Oct 5, 2021 7:57am
Watching the reaction waiting for the close of 4H/1H candle
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSD....M5.png Size: 25 KB
Fools Rushing
  • #628,146
  • Oct 5, 2021 7:58am Oct 5, 2021 7:58am
Having a pop short in at 1.3621 target 12 pips or so!!!
Attached Image (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #628,147
  • Oct 5, 2021 7:58am Oct 5, 2021 7:58am
Quoting navk
{quote} 58 pips moved from lows today. Considering ADR, it needsto test 3700 today if bullish. On a 4 hr reversal, it just needs to test daily open line and go below that for full pledged sell tomorrow and friday. I may be wrong... the trend may continue further. I am short at 3624. stop 3641
I think so too. The pair have been sluggish today and there isn’t much in a sign of breaking 13650 let alone touching 137. Which makes me think possibly the bulls have run out of steam
Insane in the Brain..
  • #628,148
  • Oct 5, 2021 8:08am Oct 5, 2021 8:08am
Quoting Theoak
Having a pop short in at 1.3621 target 12 pips or so!!! {image}
BINGO BONGO!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-10-05 140809.png Size: 50 KB
Don't trade what you think. Just what you see!!!
  • #628,149
  • Oct 5, 2021 8:09am Oct 5, 2021 8:09am
Quoting Houtbay
If I am correct we are in our 5th wave, which normally corrects downwards
  • #628,150
  • Oct 5, 2021 8:17am Oct 5, 2021 8:17am
Seems the bears are here,

what do I know
  • #628,151
  • Oct 5, 2021 8:19am Oct 5, 2021 8:19am
I missed the dropped !! Still so . These drop a bit weird. Not with full power. Still halted in 1.360
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #628,152
  • Oct 5, 2021 8:20am Oct 5, 2021 8:20am
Quoting excess4luv
Seems the bears are here, what do I know
I would not bank on it!!!
Don't trade what you think. Just what you see!!!
  • #628,153
  • Oct 5, 2021 8:20am Oct 5, 2021 8:20am
quick 20 pips.

Will aloow this to run.

No hurry.

Stop in place. And if stop gets hit, will loose 500 bucks.

My stop got hit earlier, Have recovered now.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD....Weekly.png Size: 37 KB
Intraday only.
  • #628,154
  • Oct 5, 2021 8:24am Oct 5, 2021 8:24am
Quoting Georginson
Bears should note that Most open to high distance in previous bearish October is 217 pips (October 2018) Which means 1.3640 (projected maximum bounce count) 1.3670 (March, April Low) 1.3687 (217 pips maximum open to high distance of bearish October) Are possible places reversal can start for new round of crash to 1.33/1.32 area this October. Trade with utmost caution.
If this levels aren't hit this week, next week is truly short from this.
If gets hit this week, we have plans higher, even 1.38
  • #628,155
  • Oct 5, 2021 8:25am Oct 5, 2021 8:25am
1.3600 if blocked these down. We will have a up taken first
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #628,156
  • Oct 5, 2021 8:29am Oct 5, 2021 8:29am
double top 4H.. shooting star.. and wick..
if these continue by bearish engulfing then i see market structure for bear..

bearish trend on larger TF also help confirm this scenario
Attached Image (click to enlarge)
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Trade what you see, not what you think.. react and stay sharp..
  • #628,157
  • Oct 5, 2021 8:30am Oct 5, 2021 8:30am
Quoting Ihlas
{quote} If this levels aren't hit this week, next week is truly short from this. If gets hit this week, we have plans higher, even 1.38
Even if it gets hit, I don't see price climbing above 1.3750... price will crash to 1.3210 as far as price stays below 1.3680.
Data + Stat + Risk/Emotions Management
  • #628,158
  • Oct 5, 2021 8:34am Oct 5, 2021 8:34am
Quoting Theoak
{quote} How's it going bud? The short term did not set up. So did not take the trade!! If it does set-up I'll have a pop and post for fun!! It's a fun trade as I'm bored. I have been very reckless this morning (very bad trading), but you know me!!! No one is really in control as there's no juice!!! It could go up or down!!!
heya
yeah im doing fine
i read thru the forum now and then.

You were right by the way, i did not see the bear power building but it sure did take control now.
Hope you got in ?
in wondering about yourself, you forgot what you came here to be part of
  • #628,159
  • Oct 5, 2021 8:35am Oct 5, 2021 8:35am
Quoting Pat Chiko
GU Scalping this LIT set up {image}
GU
Update scalping position.
Only one left in negative
Attached Image (click to enlarge)
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  • #628,160
  • Oct 5, 2021 8:46am Oct 5, 2021 8:46am
Sell 1.36100 exit my long already. Seem the dropped days have come
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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