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Cable Update (GBPUSD)

  • #637,501
  • Nov 9, 2021 9:28am Nov 9, 2021 9:28am
Quoting BeeTogether
{quote} It should bounce of the daily pivot upwards now
It may bounce from the following ATR level.


Near Daily 1st ATR 1.35246

Extension to 2nd ATR 1.35041
I come from the future.
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  • #637,502
  • Nov 9, 2021 9:28am Nov 9, 2021 9:28am
Target hit
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(£)H1.png Size: 32 KB
  • #637,503
  • Nov 9, 2021 9:29am Nov 9, 2021 9:29am
Quoting pat chiko
{quote} thanks. I need content and some chart to understnad why. Appreciate if you could provide some analysis on your trade call.
because dxy going fall from 1.0878 not just cable other pair include the usd gonna be stabilised buy signalling from 10 pip lower
  • #637,504
  • Nov 9, 2021 9:31am Nov 9, 2021 9:31am
Entered long as well 20pip target…
Extreme gut feeling trader
  • #637,505
  • Nov 9, 2021 9:38am Nov 9, 2021 9:38am
Quoting Mitiblotch
{quote} I apologise then. I also have a day job. In fact, a medical professional. And that's why I usually don't post or trade much except when I have very few patients in the day. Good luck with your job and trades, mate.
No worries buddy, sometimes i get really busy so i set my tp sl and leave it for few hours
  • #637,506
  • Nov 9, 2021 9:39am Nov 9, 2021 9:39am
Quoting Pat Chiko
{quote} It was unmitigated OB on M30, twice reacted to it and consumed liquidity in that zone, price now free to slide down further. Now it becomes Mitigated.
How do you define mitigated?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #637,507
  • Nov 9, 2021 9:39am Nov 9, 2021 9:39am
Quoting fxmasterdxb
{quote} And this is my chart which shows i have been selling since the time I posted that I believe high of the week is printed! {image}
All done, waiting for next signal
  • #637,508
  • Nov 9, 2021 9:49am Nov 9, 2021 9:49am
Quoting skepee
{quote} because dxy going fall from 1.0878 not just cable other pair include the usd gonna be stabilised buy signalling from 10 pip lower
Thanks Bro.

Honestly, I don't know how to interprete DXY correlation with GBP. as each currency has their own benchmark for banks to follow.

The USD is known as DXY
EUR = EUI
GBP = BPX
JPY = YUK

Can't we use BPX to analyse GBP ?

Thanks
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #637,509
  • Nov 9, 2021 9:50am Nov 9, 2021 9:50am
  • #637,510
  • Nov 9, 2021 9:52am Nov 9, 2021 9:52am
Quoting montygoldy
Entered long as well 20pip target…
Updated tp to 30 pips… sl set positive
Extreme gut feeling trader
  • #637,511
  • Nov 9, 2021 9:54am Nov 9, 2021 9:54am
Quoting TooSlow
{quote} How do you define mitigated?
Attached Image (click to enlarge)
Click to Enlarge Name: mitigated 001.jpg Size: 44 KB
Attached Image (click to enlarge)
Click to Enlarge Name: mitigated.jpg Size: 30 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #637,512
  • Nov 9, 2021 9:55am Nov 9, 2021 9:55am
Quoting Pat Chiko
{quote} GU Thought process from Price Action. Expecting liquidity grab and bounce. {image} NOTES What was bought and sold the most have a bigger impact on future prices than most realize. We believe that the market is random so this might be a little over our head. What was bought and sold the most is very important in any analysis, which currencies are burning through liquidity the most is where the money is heading and where the money is heading is where the price is going to go up, simple as that. It's not rocket science, it's just the way the...

Please i need that tools for drawing SR on your charts, the scale indicator /tools, so i can using to draw points on my charts, it will be much easier for me. thanks
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #637,513
  • Nov 9, 2021 9:57am Nov 9, 2021 9:57am
Quoting Maximumheigh
{quote} Loaded LONG @1.3558. Let see what PA gives us. IMO
Added to my LONG @1.3534. TP 1.367x. IMO
  • #637,514
  • Nov 9, 2021 9:58am Nov 9, 2021 9:58am
Quoting Pat Chiko
{quote} {image}{image}
Good tips there. Theee are the real secrets to day trading. Please to include the prices next time if you can.
  • #637,515
  • Nov 9, 2021 10:00am Nov 9, 2021 10:00am
Beautiful PA today.. by the book.
  • #637,516
  • Nov 9, 2021 10:02am Nov 9, 2021 10:02am
Quoting Maximumheigh
{quote} Added to my LONG @1.3534. TP 1.367x. IMO
could be the long one for tomorrow. Although I think if we see 13580 today we might get a slight drop to 3560-13550 tomorrow before resuming. So if you slide your SL like I do be careful
Insane in the Brain..
  • #637,517
  • Nov 9, 2021 10:07am Nov 9, 2021 10:07am
Quoting martinez1
{quote} Please i need that tools for drawing SR on your charts, the scale indicator /tools, so i can using to draw points on my charts, it will be much easier for me. thanks

All S&R level are manual drawn.

Here's the tool you can find in MT4

Attached Image

And this is color level to draw box.
Attached File(s)
File Type: ex4 Color Levels.ex4   34 KB | 594 downloads



This is Rectangle Reader -use to scale chart. Set Active to false.

Attached File(s)
File Type: ex4 RectangleReader.ex4   111 KB | 555 downloads
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #637,518
  • Nov 9, 2021 10:07am Nov 9, 2021 10:07am
Quoting Wavegarrick
{quote} Hi Guys, I am looking to enter sell trades around this area between 1.3550 and my weekly pivot at 1.35375. Take care. Cheers.
Hi Guys,
Nothing comes easy in forex. I have waited a bit longer for my sell trades because I did not see any entry. The bull move was bigger than anticipated. I hope that bears can smash through my weekly pivot and daily pivot now.

Trade safe
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1367.png Size: 98 KB
Trade to trade another day
  • #637,519
  • Nov 9, 2021 10:10am Nov 9, 2021 10:10am
Postive sl hit. In a work meeting so missed 15pips… but its alright …
Extreme gut feeling trader
  • #637,520
  • Nov 9, 2021 10:11am Nov 9, 2021 10:11am
Quoting Pat Chiko
{quote} All S&R level are manual drawn. Here's the tool you can find in MT4 {image} And this is color level to draw box. {file} This is Rectangle Reader -use to scale chart. Set Active to false. {file}
Thanks God bless
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
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