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Cable Update (GBPUSD)

  • #639,561
  • Nov 16, 2021 9:10pm Nov 16, 2021 9:10pm
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yes yes yes
  • #639,562
  • Nov 16, 2021 9:33pm Nov 16, 2021 9:33pm
I wish I can get a pull back to 1.34300 a perfect level to SHORT. Price will drop as soon as it closes below 1.34161.
All the buyers around 1.3400-1.34159 have been f***ed up, so the market would like to create another liquidity pool lower.
Always apply good risk management and also receive the courage to hold your Trade

Good luck!
My telegram: https://t.me/avidforex
  • #639,563
  • Nov 16, 2021 9:42pm Nov 16, 2021 9:42pm
G/M, (early here.) Another sub 30day adr day y/day resulted in a bullish bodied hammer candle on dly with long upper wick. Price has dropped to the 61.8% of the 3353-3471 move/ Dly S1, and then some demand. Uk Cpi #'s coming up @ 0700am gmt.

Bit rangy - bearish 1hr, 4hr/dly/wkly downtrends still intact.

1hr below.
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Trader with an Edge.
  • #639,564
  • Nov 16, 2021 9:55pm Nov 16, 2021 9:55pm
Hey guys,

So today GBP CPI if it comes higher than expected is it bullish for GBP? why?
  • #639,565
  • Nov 16, 2021 9:58pm Nov 16, 2021 9:58pm
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yes yes yes
  • #639,566
  • Nov 16, 2021 10:02pm Nov 16, 2021 10:02pm
Quoting TrickorTrade
Hey guys, So today GBP CPI if it comes higher than expected is it bullish for GBP? why?
Hi, if inflation ticks up, particularly if higher than forecasts, ie surprises the market, then it means there could be a higher chance of an interest rate rise/earlier rate rise than might have been, which is good for those holding £, and vice versa. (Simple explanation.)
Trader with an Edge.
  • #639,567
  • Nov 16, 2021 10:05pm Nov 16, 2021 10:05pm
Quoting Headland
{quote} Hi, if inflation ticks up, particularly if higher than forecasts, ie surprises the market, then it means there could be a higher chance of an interest rate rise/earlier rate rise than might have been, which is good for those holding £, and vice versa. (Simple explanation.)
Thank you. Got it
  • #639,568
  • Nov 16, 2021 10:06pm Nov 16, 2021 10:06pm
1.3610 is the line in the sand.

h1 closed above 50% fib, and above BB, and above 1.3610.

so chances are high that we see a positive day and maybe a break of the down TL.

but we are still in a sharp downtrend...
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trading is like dancing, don't think and just listen to the music!
  • #639,569
  • Nov 16, 2021 10:11pm Nov 16, 2021 10:11pm
Quoting Pat Chiko
{quote} THE SET UP. in simplified form of SH with fake BMS Set Up Design {image} The Actual Chart ( without markups) {image} The Actual Chart ( with mark ups) {image}
Hi Pat

seems your chart setup is unfolding, how many similar setup designs are there ?

thanks for sharing quality stuff.

stay blessed
bilal
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"Exchange of hands"
  • #639,570
  • Nov 16, 2021 10:13pm Nov 16, 2021 10:13pm
Quoting bilal1947
{quote} Hi Pat seems your chart setup is unfolding, how many similar setup designs are there ? thanks for sharing quality stuff. stay blessed bilal {image}
Yes, he has some legit technical skills
  • #639,571
  • Nov 16, 2021 10:18pm Nov 16, 2021 10:18pm
Quoting Pat Chiko
{quote} THE SET UP. in simplified form of SH with fake BMS Set Up Design {image} The Actual Chart ( without markups) {image} The Actual Chart ( with mark ups) {image}
I expect a long to happen today as per this set up.

Entry : After London open.

Break of lows, Long is invalid.
Intraday only.
  • #639,572
  • Nov 16, 2021 10:22pm Nov 16, 2021 10:22pm
GU

Set up

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NOTES

Never enter the market with a preconceived idea that you know what is going to happen.
Your judgment will be clouded, you will be defensive of this mindset; you’ll tend to fight the market trying to prove you’re right.
An experienced trader enters a trade with a different mindset than a novice.
He does not enter a trade thinking he is going to win; he enters the trade with 3 possibilities – could go in their favor, could go against them, could go sideways – and they have 3 different management plans for that trade.


Quotable:

"Don't be a hero. Don't have an ego.
Always question yourself and your ability.
Don't ever feel that you are very good.
The second you do, you are dead.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #639,573
  • Nov 16, 2021 10:23pm Nov 16, 2021 10:23pm
Quoting bilal1947
{quote} Hi Pat seems your chart setup is unfolding, how many similar setup designs are there ? thanks for sharing quality stuff. stay blessed bilal {image}
As per ICT price hits H4 breaker taken out internal liquidity, if i am correct.
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"Exchange of hands"
  • #639,574
  • Nov 16, 2021 10:23pm Nov 16, 2021 10:23pm
Quoting PatienceFx
if i purchased a break of m30 200 sma, then its logical that i will sell based on m 30 only not before {image}
this was a blunder, i should have booked 46 pips and gone short, i was wrong
  • #639,575
  • Nov 16, 2021 10:32pm Nov 16, 2021 10:32pm
... 1hr falling wedge (of sorts) breaks to upside, challenging 50% of the drop from 3472 now. London desks about to kick in.

1hr below.
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Trader with an Edge.
  • #639,576
  • Nov 16, 2021 10:39pm Nov 16, 2021 10:39pm
Quoting Pat Chiko
GU Set up {image} "Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead.
top!
trading is like dancing, don't think and just listen to the music!
  • #639,577
  • Nov 16, 2021 10:43pm Nov 16, 2021 10:43pm
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"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #639,578
  • Nov 16, 2021 10:51pm Nov 16, 2021 10:51pm
FO up before LO , you know what it come
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #639,579
  • Nov 16, 2021 10:51pm Nov 16, 2021 10:51pm
Quoting Inthebox
yesterday was ranging. {image}
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #639,580
  • Nov 16, 2021 10:55pm Nov 16, 2021 10:55pm
Goodmorning friends, it's midweek as traders folds their harms anticipating to See more moves for the week. Having in mind that dollar is stronger this week in our post yesterday, the ceiling @ 1.3468 still remains selling zone and this morning though buyers are around but we see overwhelming selling pressure pushing price down as GBPUSD falls further to close the day negative/ lower. Day's support and resistance @ 1.3431- 1.3456Happy trading
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