Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#636,461
Nov 5, 2021 9:45am Nov 5, 2021 9:45am

W0lfram
Joined Dec 2020 | Status: Re█████ | 2,868 Posts

Monthly options and Puts in the money. Similar scenario as at the end of last month

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Air force

#636,462
Nov 5, 2021 9:47am Nov 5, 2021 9:47am

mysterio
Joined Sep 2009 | Status: Trader | 6,009 Posts

Quoting gatenio

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{quote} im not going to flif and short. dont worry Im trying to take my sup&dem strategy one step further. so im newbie now.

Ignored

Very good welcome to the S&D team

Hit me up if you need tips i've been day trading this style for a while

I admit posting a couple of duds this week but can turn a profit pretty much every day with just S&D & vols

Been focussing on my trading lately trying not to read this thread as it fills me with unnecessary bias and its not much help for a scalper, love to see the amazing analysis from people though and get some food for thought more than anything

Today had the sell perfectly from the asia high-- but closed way too early then tried to catch the bottom (dumb) then some pips at NFP

#636,463
Nov 5, 2021 9:49am Nov 5, 2021 9:49am

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,059 Posts

Quoting Mitiblotch

Disliked

{quote} I really expect that 3411 to hold for the next retracement upwards. If price doesn't correct upward much today, maybe a little move down on Monday and then up same day. The sell-off was overdone. What did Bailey say that Lagarde hasn't said. In fact, the UK is better than Eu generally speaking. So what was the drop all about? They call it liquidity.

Ignored

Interesting thought, though in the past few years cable has been always reacting more aggressively than EU in both direction so im not surprised to see the drop more steep than EU

Well for me i still see a room for further bear action, probably to 1.3330/20 before any retracement

#636,464
Nov 5, 2021 9:50am Nov 5, 2021 9:50am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,017 Posts

Quoting mysterio

Disliked

{quote} Very good welcome to the S&D team Hit me up if you need tips i've been day trading this style for a while I admit posting a couple of duds this week but can turn a profit pretty much every day with just S&D & vols

Ignored

i can’t seem to find any decent supp&dem indicators.

Insane in the Brain..

#636,465
Nov 5, 2021 9:50am Nov 5, 2021 9:50am

Nd10
Joined Mar 2019 | Status: Trader | 1,374 Posts

Quoting nAVIN2007

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{quote} I think we may see 1.37 to take out stops to the downside..anyways small steps

Ignored

Obviously because you are on BUY right. Wonderful Navin Lol

#636,466
Nov 5, 2021 9:54am Nov 5, 2021 9:54am

T721
Joined Oct 2020 | Status: couldn't give a flying duck | 7,373 Posts

Quoting BeeTogether

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{quote} i can’t seem to find any decent supp&dem indicators.

Ignored

i have sup n dem indis. dont know how to get them to you tho unless your on telegram

#636,467
Nov 5, 2021 9:54am Nov 5, 2021 9:54am

M3csl
| Joined Feb 2018 | Status: Trader | 749 Posts

this is not a pair to long right now.

I play the trade gamble to feed my Porsche addiction.

#636,468
Nov 5, 2021 9:54am Nov 5, 2021 9:54am

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts

next week CPI print is the most important data for this month. it will more or less confirm the transitory inflation story they are trying to tell us. it is possible we range in 50-60 pips till then

#636,469
Nov 5, 2021 9:56am Nov 5, 2021 9:56am

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts

Quoting M3csl

Disliked

this is not a pair to long right now.

Ignored

its possible we get an upmove if commodity currencies and jpy in particular strengthens. USD/JPY is looking quite bearish

#636,470
Nov 5, 2021 9:57am Nov 5, 2021 9:57am

mysterio
Joined Sep 2009 | Status: Trader | 6,009 Posts

Quoting BeeTogether

Disliked

{quote} i can’t seem to find any decent supp&dem indicators.

Ignored

Just do it manually it gets you more in touch with the process I feel-- best to wait for the bigger zones (h1-h4), then I overlay the m5-m15 within them to get more precision

This morning a good example of manipulation above asia high into m15, break down then retrace to fill imbalance, there was also a false TL break to bring people in long which was ideal

Now I just wait for manipulation or false breaks in the direction of zones, wait for the breakaway as confirmation then trade the retracement to volume imbalance

#636,471
Nov 5, 2021 10:01am Nov 5, 2021 10:01am

T721
Joined Oct 2020 | Status: couldn't give a flying duck | 7,373 Posts

Quoting BeeTogether

Disliked

{quote} i can’t seem to find any decent supp&dem indicators.

Ignored

this is a few of the indis i have

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#636,472
Nov 5, 2021 10:01am Nov 5, 2021 10:01am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,017 Posts

Quoting mysterio

Disliked

{quote} Just do it manually it gets you more in touch with the process I feel-- best to wait for the bigger zones (h1-h4), then I overlay the m5-m15 within them to get more precision This morning a good example of manipulation above asia high into m15, break down then retrace to fill imbalance, there was also a false TL break to bring people in long which was ideal Now I just wait for manipulation or false breaks in the direction of zones, wait for the breakaway as confirmation then trade the retracement to volume imbalance

Ignored

cheers mate will give that a look

Insane in the Brain..

#636,473
Nov 5, 2021 10:02am Nov 5, 2021 10:02am

Olabanji-Tex
| Joined Feb 2018 | Status: Trader | 131 Posts

Hello everyone,

I think the NFP news did not do much in changing the price and causing volatility (speaking about GBPUSD only).

I am not sure about the direction of the price but if it continues to go South, it may be wise to wait for a retracement before placing trades in short position.

Here is a chart of the current price level.

The price stalled around 1.3500 and went downwards after bears became determined to make it go down.

But will it go down further?

Or where will the retracement stop to allow further short positioning?

Please Trade Safely with Stop Loss

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#636,474
Nov 5, 2021 10:02am Nov 5, 2021 10:02am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,017 Posts

The more the day goes on the less I can see 135 today. 13575 area is acting like a bit of a resistance level

Insane in the Brain..

#636,475
Nov 5, 2021 10:10am Nov 5, 2021 10:10am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting Nd10

Disliked

{quote} Obviously because you are on BUY right. Wonderful Navin Lol

Ignored

No i serious note: - we had 1.43 or 1.42 - 1.39 then 1.38 is 1.37 as a high swing point to much to ask?

#636,476
Nov 5, 2021 10:12am Nov 5, 2021 10:12am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,017 Posts

Quoting mysterio

Disliked

{quote} Just do it manually it gets you more in touch with the process I feel-- best to wait for the bigger zones (h1-h4), then I overlay the m5-m15 within them to get more precision This morning a good example of manipulation above asia high into m15, break down then retrace to fill imbalance, there was also a false TL break to bring people in long which was ideal Now I just wait for manipulation or false breaks in the direction of zones, wait for the breakaway as confirmation then trade the retracement to volume imbalance

Ignored

cheers will try this

Insane in the Brain..