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Cable Update (GBPUSD)

  • #637,781
  • Nov 10, 2021 5:46am Nov 10, 2021 5:46am
GU

Another retest to SRF zone before continue down ?.


Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #637,782
  • Nov 10, 2021 5:47am Nov 10, 2021 5:47am
Quoting BeeTogether
A bounce back from 135 might move us upto 13550. Also depends on if the drop was to coincide with red sticker data soon
Logic this morning

First couple days of the week was correction mode to test an H1/H4 TL and h1 supply (just missed but only a few pips) and to consume FVG created by FOMC

We'd been ranging for a move so in the morning and no major move this week yet. Frankie/London were very bearish and broke out of asia convincingly

I was looking at the small move up as just a retrace as vols were dropping off but we may be continuing a down trend for new LL -- so buy with extreme caution imo
  • #637,783
  • Nov 10, 2021 5:50am Nov 10, 2021 5:50am
This week i have had someone looking out for me..or mitto has bless me..I could have been killed, still might be, but for sure ..very lucky
this mofo is waking up
  • #637,784
  • Nov 10, 2021 5:51am Nov 10, 2021 5:51am
Quoting Pat Chiko
{quote} My reasoning is always with some Price Action. See the answer & chart in my post just above. Regards PAT
Thanks sir, i ask cuz usually i agree wit ur position
At this moment r u adjust ur SL?
my loss is your gain
  • #637,785
  • Nov 10, 2021 5:51am Nov 10, 2021 5:51am
  • #637,786
  • Nov 10, 2021 5:51am Nov 10, 2021 5:51am
https://www.forexfactory.com/thread/...7#post13776557
on the road to step 2 ---> 1.3165

today is Oil-day
so for GU it s not so easy to go down as long as CADJPY is up.
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wish you all the best
  • #637,787
  • Nov 10, 2021 5:52am Nov 10, 2021 5:52am
1.34953, prices will react at this level... a little bounce but it will eventually break through and go even lower.
You many want to offload some position.
I see price melting down....
Good luck.
My telegram: https://t.me/avidforex
  • #637,788
  • Nov 10, 2021 5:52am Nov 10, 2021 5:52am
dollar is waking up from the dead.
  • #637,789
  • Nov 10, 2021 6:00am Nov 10, 2021 6:00am
Quoting Waveskierrob
SHORT 1.3550 no tp no sl.....now 10 SHORT BE 1.3515
Waveski breathing again
  • #637,790
  • Nov 10, 2021 6:02am Nov 10, 2021 6:02am
Quoting Bogdanoff
{quote} Thanks sir, i ask cuz usually i agree wit ur position At this moment r u adjust ur SL?
Yeas,



Using Algo to calculate proximal SL as price move, with ATR value.

I had previously posted the Stop mechanism in this thread.

I always moved by Algo, so I can sleep after entering the trade with no worries
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #637,791
  • Nov 10, 2021 6:06am Nov 10, 2021 6:06am
Quoting giveachance
dollar is waking up from the dead.
Zombie?
  • #637,792
  • Nov 10, 2021 6:09am Nov 10, 2021 6:09am
Hello cable traders. back for a couple of weeks trading. Hope market has been treating everyone well.

Dip down to 3424 in that prev dly/wkly/now minor prev mthly sw lo zone to 3411 (38.2% 2074-4249 longer term move) found support with the current 4hr+ p/back hi @ 3607, (nice 4hr bearish hidden div there,) and of course a H&Sy looking thingy on 1hr developed there. Will we see some movement on U.s Cpi numbers later?

4hr below.
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Trader with an Edge.
  • #637,793
  • Nov 10, 2021 6:09am Nov 10, 2021 6:09am
Closed my shorts, im waiting for reaction @ 1.3495/90
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  • #637,794
  • Nov 10, 2021 6:13am Nov 10, 2021 6:13am
GU

Price Action.

Can RBS hold to let price bounce back to consolidation box ?.

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Click to Enlarge Name: gu 239.jpg Size: 105 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #637,795
  • Nov 10, 2021 6:21am Nov 10, 2021 6:21am
A retrace to 1.3518-19 may give another entry for bears, a large imbalance here
  • #637,796
  • Nov 10, 2021 6:22am Nov 10, 2021 6:22am
Quoting Pat Chiko
GU Price Action. Can RBS hold to let price bounce back to consolidation box ?. {image}

GU Scalping

RBS Zone

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #637,797
  • Nov 10, 2021 6:26am Nov 10, 2021 6:26am
Quoting W0lfram
m30 close below 1.3535 -> 1.348 m30 above 1.357 -> 1.36+ Baba Vanga mode
Went up soon after my post.
I'm out now. hoped to reach the target before the news
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Air force
  • #637,798
  • Nov 10, 2021 6:27am Nov 10, 2021 6:27am
Quoting Ihlas
{quote} Zombie?
Because the stock market is showing cracks now. GBP should sink with it, risk off.
Be humble or be humbled.
  • #637,799
  • Nov 10, 2021 6:33am Nov 10, 2021 6:33am
Quoting Temujin
{quote} Because the stock market is showing cracks now. GBP should sink with it, risk off.

can u please explain this..how this risk off/on thing works?

thx man
  • #637,800
  • Nov 10, 2021 6:33am Nov 10, 2021 6:33am
Quoting Maximumheigh
{quote} If it breaks 1.35 down, I am out with a loss. One of those days.
Out with a loss. waiting for another set up.
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