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Cable Update (GBPUSD)

  • #645,121
  • Dec 15, 2021 8:17am Dec 15, 2021 8:17am
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Together we can be strongest
Vantage Return This Month: na
  • #645,122
  • Dec 15, 2021 8:23am Dec 15, 2021 8:23am
Quoting palpite
{image}
1.32000 is strong s/r area
1.33000will be by hook or by croock
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yes yes yes
  • #645,123
  • Dec 15, 2021 8:28am Dec 15, 2021 8:28am
Quoting pipibrasci
{quote} so it was descending triangle (flip) in the end! Bears won. {image}
Lesson learnt for me. Bull Flag setup failed leading to a downward channel and descending triangle. I ignored the strong Pin Bar/shooting star and did not make earlier references to the indexes chart on the lower TF. Even when it was getting obvious that candle pattern is changing. Could have exited at less than 4pips each (x2). You see two (bull/bear) setups? step aside and wait. Impulse trading gets into the way at times. shit happens.

Well, I had SL in place. so (-20pips X2). Buy-stop was triggered.

Nice day folks.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #645,124
  • Dec 15, 2021 8:37am Dec 15, 2021 8:37am
Quoting Moty
{quote} 1.32000 is strong s/r area 1.33000will be by hook or by croock {image}
The price need to close 1 candle H4 above 1.3282 ( last bottom ), for to confirm the break out.

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Together we can be strongest
Vantage Return This Month: na
  • #645,125
  • Dec 15, 2021 8:39am Dec 15, 2021 8:39am
D1 1.3198x 1/1
  • #645,126
  • Dec 15, 2021 8:46am Dec 15, 2021 8:46am
Quoting genadi
FOMC in 3 hours. Guys, be careful.
Anything interesting, or obvious bs?
  • #645,127
  • Dec 15, 2021 8:53am Dec 15, 2021 8:53am
A stop hunt before going up or ...
  • #645,128
  • Dec 15, 2021 9:14am Dec 15, 2021 9:14am
Quoting Jolita
{quote} Anything interesting, or obvious bs?
In my very humble opinion EU and GU will go down.

  • #645,129
  • Dec 15, 2021 9:27am Dec 15, 2021 9:27am
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My telegram: https://t.me/avidforex
  • #645,130
  • Dec 15, 2021 9:55am Dec 15, 2021 9:55am
Quoting genadi
{quote} In my very humble opinion EU and GU will go down.
https://www.cnbc.com/2021/12/10/fed-...re-coming.html
  • #645,131
  • Dec 15, 2021 10:01am Dec 15, 2021 10:01am
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yes yes yes
  • #645,132
  • Dec 15, 2021 10:02am Dec 15, 2021 10:02am
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yes yes yes
  • #645,133
  • Dec 15, 2021 10:09am Dec 15, 2021 10:09am
Right now Downing street has a meeting briefing on tv.
Daily cases rose to the highest daily number of 78k.
Boosters are offered massively and is vital to get one, people are desperate to get boosters, as was proved full vaccination and a booster gives very strong protection New variant doubles daily.

Hospital cases rising, but most of hospitalised are unvaccinated.

Panic over, UK well prepared and better compared with other countries. This should boost GBP.

Booked my booster last night for 6th of Jan, but will try to queue to get earlier (every health center is taking part, volunteers are also welcomed).

Only wanted to share live news.
  • #645,134
  • Dec 15, 2021 10:28am Dec 15, 2021 10:28am
Really, I don't see the reason for folks to be surprised that there is a lot of down pressure when MN2 is in a down swing and we've been in the W1 down continuation for the last 2 months.

H8 has proven its in an upswing, and the current drop has not negated it, so there has been progress up through the TFs.
To free Gazans of Hamas, use whatever it takes.
  • #645,135
  • Dec 15, 2021 10:51am Dec 15, 2021 10:51am
Quoting TrickorTrade
GJ H4 Possible fib entry at 50%. I would take very very low risk entry here for longs then if it breaks 151 level then enter longs with my usual risk. Notice Structure creating HL and HH. But for now wait patiently to see if it rejects 50% fib. {image}
Long taken btw at 150.41
Risky position so low risk used
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  • #645,136
  • Dec 15, 2021 11:09am Dec 15, 2021 11:09am
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yes yes yes
  • #645,137
  • Edited 11:25am Dec 15, 2021 11:10am | Edited 11:25am
Breaks down and not confirm bear still and can bounce enough towards 3410 within this months range , watching

Or bear to 3120 (weekly sr) before bounce some(for 3410) ok.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #645,138
  • Dec 15, 2021 11:46am Dec 15, 2021 11:46am
Quoting TrickorTrade
{quote} Long taken btw at 150.41 Risky position so low risk used {image}
GJ long closed at inefficiency. Did not want to hold longer. 1:2 RR
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  • #645,139
  • Dec 15, 2021 12:02pm Dec 15, 2021 12:02pm
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yes yes yes
  • #645,140
  • Dec 15, 2021 12:05pm Dec 15, 2021 12:05pm
Audacious Sell Activated till 1.30
161 traders viewing now, 7 are registered:
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Gbpusdfreakk
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Majorshem
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SublimeSear
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4him
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Waveskierrob