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Cable Update (GBPUSD)

  • #632,661
  • Oct 21, 2021 10:55am Oct 21, 2021 10:55am
Quoting duve
{quote} I've been a trader for 7 years but I've had the channel for a while just documenting my journey in trading from the beginning. Now I've been actively trying to grow the channel. So in a nutshell I'm a youtuber now. Lol
ahh, success for your content and your channel duve
Daddy, Brother, Lover, Little Boy
  • #632,662
  • Oct 21, 2021 10:56am Oct 21, 2021 10:56am
I think I did the right thing by not trading American session.
Intraday only.
  • #632,663
  • Oct 21, 2021 10:59am Oct 21, 2021 10:59am
Quoting Pat Chiko
{quote} GU i HOPE price will reach my target (cough, cough) WiISH me LUCK with these trades {image}
GU
Was away a day. Came back and lucky with SL still intact and H4 structure remains.
The entry set up was based on QM.
L/H/LL/HH. structure.

Same pattern as yesterday moves

Accumulation:
Building more liquidity (inducement of LQ) on both sides. The retail traders start seeing this as a strong support-resistance. The traders taking the long, have their stop losses below & the traders taking a short have their stops resting above. Both sides believe in their bias.

Manipulation:
At this point the market makers start taking out everybody’s stop loss, in the favor for the smart money to win.

Distribution:
The Banks start bringing in their own orders into the market, (Short/Long, depending of the trend). This is the moment, where we as the educated traders will find clean, perfect price action for our entries.

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20211021_230924_778.jpg Size: 40 KB

How fast she want to take out the high to supply zone, if she reached there during compression mode now.
May have to cut some position, as price is compressing hard.

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20211021_234047_432.jpg Size: 168 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #632,664
  • Oct 21, 2021 11:06am Oct 21, 2021 11:06am
Quoting Mr.Burger
{quote} ahh, success for your content and your channel duve
Hey thanks Mr., I really appreciate your kind words
  • #632,665
  • Oct 21, 2021 11:14am Oct 21, 2021 11:14am
abc expanded flat
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2021-10-21 16-13-12-871.jpg Size: 314 KB
MY OPINION NOT FINANCIAL ADVISE
  • #632,666
  • Edited 11:36am Oct 21, 2021 11:19am | Edited 11:36am
Quoting Nordling00
{quote} Exactly, this interest rate hike talks are what bugs me about my GU sell position. USD is no doubt the best currency since mid-September, but Pound is the second best thanks to the rate hike talks. Fundamentally Pound is weak with high inflation and growth numbers, but these BoE talks are enough to carry the Pound. Last month it was Gold and now it's Pound, i guess i love playing with the fire
This gamble of playing with the fire ended up burning my hands and my wallet. Manually stop lossed the GU shorts. Should have never shorted it because of the interest rate talks. Lesson learned. Will pay more attention to the hawks and doves next time
You have to have an IQ higher than 90 to interact with this user.
  • #632,667
  • Oct 21, 2021 11:29am Oct 21, 2021 11:29am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 32 KB
yes yes yes
  • #632,668
  • Oct 21, 2021 11:33am Oct 21, 2021 11:33am
by the time your patience shall be rewarded
MY OPINION NOT FINANCIAL ADVISE
  • #632,669
  • Oct 21, 2021 11:38am Oct 21, 2021 11:38am
Quoting mysterio
{quote} Two scenarios I think, either we sell off from here 1.3820 in which case short pullback Or the commpression is incomplete and sell above YH closer to 1.3850 Am just glancing at the PA not trading today so ymmv
that was my only trade today

compression into liquidity pool & h4 supply then selloff
Attached Image (click to enlarge)
Click to Enlarge Name: eqh.jpg Size: 57 KB
  • #632,670
  • Oct 21, 2021 11:44am Oct 21, 2021 11:44am
sell - 1.38
Together we can be strongest
Vantage Return This Month: na
  • #632,671
  • Oct 21, 2021 11:47am Oct 21, 2021 11:47am
Bulls missed their chance, maybe a bullish day tomorrow not sure.
Insane in the Brain..
  • #632,672
  • Oct 21, 2021 11:48am Oct 21, 2021 11:48am
We should see some fall now, H1 & H4 is promising. Also DX is bounced off support.
  • #632,673
  • Edited 12:27pm Oct 21, 2021 12:07pm | Edited 12:27pm
H1 M30 & M15 have flipped back to short
but H4 is still holding long mode,, price could fall all the way down to that support at 3743

waiting for M5 price action to confirm short
Attached Image (click to enlarge)
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in wondering about yourself, you forgot what you came here to be part of
  • #632,674
  • Oct 21, 2021 12:07pm Oct 21, 2021 12:07pm
It's a safe haven time guys. The risk appetite goes from ON to OFF as the safe haven assets win again. Yen and USD jump up as the geopolitical situation gets somewhat fishy. It's a bear time for most of the basket currencies and so is for GBP.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #632,675
  • Oct 21, 2021 12:08pm Oct 21, 2021 12:08pm
SL set to b/e 13809. Off to play footie now see ya all
Insane in the Brain..
  • #632,676
  • Oct 21, 2021 12:11pm Oct 21, 2021 12:11pm
Quoting BeeTogether
Bulls missed their chance, maybe a bullish day tomorrow not sure.
Yea I think one more push up? Let's see tomorrow
  • #632,677
  • Oct 21, 2021 12:18pm Oct 21, 2021 12:18pm
Quoting Jolita
We should see some fall now, H1 & H4 is promising. Also DX is bounced off support.
47 pip range so far. Expect a decent move tomorrow - perrhaps similar to last Monday’s scenario?? She’s still in an uptrend channel. I personally expect 1.39 and then possible turn next week. But.. who knows
Attached Image (click to enlarge)
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Did you place your stop loss order? Why not?!? Story of my life...
  • #632,678
  • Oct 21, 2021 12:31pm Oct 21, 2021 12:31pm
Quoting donfriday
abc expanded flat {image}
I donno what you're talking about abc

Please give some description on the grafitti you made on the chart.

You added word correction at bottom. Where should that word are supposed to be

BTW, i only know S&R only.

Thank you Don
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #632,679
  • Oct 21, 2021 12:34pm Oct 21, 2021 12:34pm
Quoting Pat Chiko
{quote} I donno what you're talking about abc Please give some description on the grafitti you made on the chart. You added word correction at bottom. Where should that word are supposed to be BTW, i only know S&R only. Thank you Don
Daddy, Brother, Lover, Little Boy
  • #632,680
  • Oct 21, 2021 12:43pm Oct 21, 2021 12:43pm
Quoting Pat Chiko
{quote} I donno what you're talking about abc Please give some description on the grafitti you made on the chart. You added word correction at bottom. Where should that word are supposed to be BTW, i only know S&R only. Thank you Don

ABC Correction same abc expanded flat


only trying what will workout, yesterday up move doesn't look normal and need correction.


S&R is every where
MY OPINION NOT FINANCIAL ADVISE
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