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Cable Update (GBPUSD)

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  • Post #632,021
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  • Oct 19, 2021 7:00am Oct 19, 2021 7:00am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 4,842 Posts
Quoting mysterio
Disliked
I think another push up then i'll sell
Ignored
i'm in my first sell. stop goes to BE asap. Its not certain. Breaking above the last small high and im out

Quoting genadi
Disliked
{quote} is there a way to know why this particular trade failed?
Ignored
I don't want to speak for Pat. Forex is a game of probabilities and RR. We can have the best ideas and they are not all guaranteed to succeed. Aside from that any number of things can happen in our lives (lack of sleep,, or whatever it may be) that may make our analysis wrong. In this case with retail over 80% short I believe MMs are making another push to clear out all the early sellers. Cable does this commonly. Price will not obey all SnR and S&D. Even with confirmations things can happen. The banks move the price the lines on our chart only help us gain an edge in the probability game
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  • Post #632,022
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  • Oct 19, 2021 7:06am Oct 19, 2021 7:06am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 3,873 Posts | Online Now
TP set to 13835 will look to sell there
also SL set to 138

edit amended TP to 13850. If it exceeds it I will reneged long at slight retest for possible 139.
 
 
  • Post #632,023
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  • Oct 19, 2021 7:09am Oct 19, 2021 7:09am
  •  holaralph78
  • | Joined Nov 2015 | Status: Member | 83 Posts
Price action is sweet when other things seems disappointing and out of reach price action stands out.......
GREATEST WISDOM AND POSITIVE ENABLEMENT COMES FROM ALMIGHTY GOD
 
 
  • Post #632,024
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  • Oct 19, 2021 7:10am Oct 19, 2021 7:10am
  •  coyoteuglyxxx
  • Joined Apr 2007 | Status: Member | 507 Posts
Quoting mysterio
Disliked
{quote} i'm in my first sell. stop goes to BE asap. Its not certain. Breaking above the last small high and im out {quote} I don't want to speak for Pat. Forex is a game of probabilities and RR. We can have the best ideas and they are not all guaranteed to succeed. Aside from that any number of things can happen in our lives (lack of sleep,, or whatever it may be) that may make our analysis wrong. In this case with retail over 80% short I believe MMs are making another push to clear out all the early sellers. Cable does this commonly. Price will...
Ignored
I think BeeTogether said it best in a couple of lines. Technically she was ready to drop by the looks of it, but fundamentally they’re stirring the crap out of her IMO. She is always right though, no arguments here.
Did you place your stop loss order? Why not?!? Story of my life...
 
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  • Post #632,025
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  • Oct 19, 2021 7:11am Oct 19, 2021 7:11am
  •  Dethorn
  • | Joined Mar 2018 | Status: Member | 149 Posts
Right in the zone. Watching PA for reversal signs. Dont be too quick to short
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  • Post #632,026
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  • Edited at 7:54am Oct 19, 2021 7:12am | Edited at 7:54am
  •  Moty
  • Joined Dec 2017 | Status: Member | 18,804 Posts
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  • Post #632,027
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  • Oct 19, 2021 7:12am Oct 19, 2021 7:12am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie | 8,272 Posts | Invisible
Quoting genadi
Disliked
{quote} is there a way to know why this particular trade failed?
Ignored
First H4 candle shown its strength with bottom wicks and shaven top. Shows buyer with no seller

Next three nonentum H4 are driving price breaking the Resistance
I went short and was stopped out. That the failure to recognised today is bull party day.

Bear need to rest touch daily TL at 1.3850

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  • Post #632,028
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  • Oct 19, 2021 7:16am Oct 19, 2021 7:16am
  •  Traderview
  • Joined Sep 2017 | Status: Member | 3,421 Posts
Quoting Traderview
Disliked
Watch out the prices mentioned in the chart. Support zone: 1.3735 - 1.3750 FYI: Stay away from selling below 1.3735, until you see a 4hr closes above 1.3747. Resistance zone: Multiple areas. 1.3815 - 1.3845 - 1.3865. 1.3845 is 200MA on DAILY. {image}
Ignored
Just Reposting the morning chart:

Watch out the prices mentioned in the chart.

Support zone: 1.3735 - 1.3750

FYI: Stay away from selling below 1.3735, until you see a 4hr closes above 1.3747.

Resistance zone: Multiple areas.

1.3815 - 1.3845 - 1.3865.

1.3845 is 200MA on DAILY.
 
 
  • Post #632,029
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  • Oct 19, 2021 7:17am Oct 19, 2021 7:17am
  •  W0lfram
  • Joined Dec 2020 | Status: Crossed over into the Twilight Zone | 1,157 Posts
Quoting mysterio
Disliked
{quote} i'm in my first sell. stop goes to BE asap. Its not certain. Breaking above the last small high and im out
Ignored
Trouble below I think it will sit there until Bailey's speech. I'm under water w/ my shorts
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  • Post #632,030
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  • Oct 19, 2021 7:17am Oct 19, 2021 7:17am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 4,842 Posts
Quoting coyoteuglyxxx
Disliked
{quote} I think BeeTogether said it best in a couple of lines. Technically she was ready to drop by the looks of it, but fundamentally they’re stirring the crap out of her IMO. She is always right though, no arguments here.
Ignored
Is it. The interest rate stuff have been priced in for weeks i'm not sure. This is Dollar driven. We're just about to contact daily demand. Then we can drop on GU. hold the line!

We've been here before, exasperate the sellers SLs, bring in the BO buyers
 
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  • Post #632,031
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  • Oct 19, 2021 7:18am Oct 19, 2021 7:18am
  •  holaralph78
  • | Joined Nov 2015 | Status: Member | 83 Posts
GU can daily sometimes can go more than 100pips, 118, 128, 130+ in some rare cases it can go up to 180 or 200pips
GREATEST WISDOM AND POSITIVE ENABLEMENT COMES FROM ALMIGHTY GOD
 
 
  • Post #632,032
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  • Oct 19, 2021 7:20am Oct 19, 2021 7:20am
  •  kris89
  • Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
Well done. Price kewpew to taking SL and Stop. Lets its does it work and we enter
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
 
 
  • Post #632,033
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  • Oct 19, 2021 7:23am Oct 19, 2021 7:23am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 4,842 Posts
Quoting W0lfram
Disliked
{quote} Trouble below I think it will sit there until Bailey's speech. I'm under water w/ my shorts{image}
Ignored
Oooh crap. Yup. Locking in at BE

Edit-and out at BE
 
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  • Post #632,034
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  • Oct 19, 2021 7:28am Oct 19, 2021 7:28am
  •  Ilvez
  • Joined May 2020 | Status: Just looking | 498 Posts
Quoting W0lfram
Disliked
{quote} Trouble below I think it will sit there until Bailey's speech. I'm under water w/ my shorts{image}
Ignored
Thats going to be nice pop when she has collected enough shorts. Grabbing some popcorn
 
1
  • Post #632,035
  • Quote
  • Oct 19, 2021 7:30am Oct 19, 2021 7:30am
  •  BigNumbers
  • Joined Jul 2021 | Status: AGAINST ALL ODDS | 950 Posts
Quoting genadi
Disliked
{quote} is there a way to know why this particular trade failed?
Ignored
Yes! it was a pull back trade no guaranty, especially when the trend is very strong.
My opinion though!!
If it was easy... Everyone would do it!
 
 
  • Post #632,036
  • Quote
  • Oct 19, 2021 7:33am Oct 19, 2021 7:33am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 3,873 Posts | Online Now
BoE Bailey at 13.30 today I think. Not a red sticker however if he hints for rates increase we might see a pop up
 
 
  • Post #632,037
  • Quote
  • Oct 19, 2021 7:35am Oct 19, 2021 7:35am
  •  W0lfram
  • Joined Dec 2020 | Status: Crossed over into the Twilight Zone | 1,157 Posts
Quoting Ilvez
Disliked
{quote} Thats going to be nice pop when she has collected enough shorts. Grabbing some popcorn
Ignored
It was at 1.371 ~30 mins ago. This outlier is likely for manipulation purposes, to hold price above. It spreads through the levels or will be removed
 
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  • Post #632,038
  • Quote
  • Oct 19, 2021 7:39am Oct 19, 2021 7:39am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 4,842 Posts
Quoting mysterio
Disliked
{quote} Oooh crap. Yup. Locking in at BE Edit-and out at BE
Ignored
I try once more, locking in again, last one short before NYO
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  • Post #632,039
  • Quote
  • Oct 19, 2021 7:40am Oct 19, 2021 7:40am
  •  LvMMT
  • Joined Aug 2019 | Status: Member | 1,698 Posts
Quoting LvMMT
Disliked
{quote} Closed... {image} God bless everyone!
Ignored
Long Gold...

Closed Long DOW +2000 pips

Green pips to all who need it!

God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
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  • Post #632,040
  • Quote
  • Oct 19, 2021 7:42am Oct 19, 2021 7:42am
  •  chess king
  • Joined Jun 2011 | Status: the risk is the unknown | 2,044 Posts
Quoting chess king
Disliked
{quote} I shorted 1.3770 let īs see
Ignored
Added 1.3830 stop 1.40 tp LL
 
 
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