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Cable Update (GBPUSD)

  • #647,761
  • Jan 10, 2022 3:39am Jan 10, 2022 3:39am
...deeper into that prev dly sw hi zone to 3607 from last november (9th,) now after a break above last week's 3599 hi. Some more supply there so far. A decisive break above it opens up the next prev sw hi zone on dly which extends to 3698. Only some fibs inbetween the two on the dly t/f.

dly below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #647,762
  • Jan 10, 2022 3:43am Jan 10, 2022 3:43am
Quoting Headland
...deeper into that prev dly sw hi zone to 3607 from last november (9th,) now after a break above last week's 3599 hi. Some more supply there so far. A decisive break above it opens up the next prev sw hi zone on dly which extends to 3698. Only some fibs inbetween the two on the dly t/f. dly below. {image}
Falling wedge Headland. Means this thing may soon get back to 1.32
  • #647,763
  • Jan 10, 2022 3:43am Jan 10, 2022 3:43am
Quoting Mitiblotch
One of those days when they want to force you to buy high. If they cannot give us 3550 then good luck to them; not buying. I knew 3572 was going to be a bounce point anyway but didn't want to take a buy there. I wanted cheaper.
interesting magnet , now price should back in below if just FO to taken buy stop above
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #647,764
  • Jan 10, 2022 3:50am Jan 10, 2022 3:50am
Quoting kris89
{quote} interesting magnet , now price should back in below if just FO to taken buy stop above
Let's wait for US session toconfirm down move
Executing trades with precision!!
  • #647,765
  • Jan 10, 2022 3:58am Jan 10, 2022 3:58am
Although 136 has been rejected again I do get the feeling there will be a more forceful attempt sooner rather than later. The pair would need to nullify the area by dropping into safety areas below 13550 initially and then below 135.
Insane in the Brain..
  • #647,766
  • Jan 10, 2022 4:02am Jan 10, 2022 4:02am
Drop mf
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 01-10-2022 11.56.jpg Size: 154 KB
yes yes yes
  • #647,767
  • Jan 10, 2022 4:15am Jan 10, 2022 4:15am
we on middle 1.35900 which 50 50 for break 1.36000 nor 1.35800 , in the price movement high possibility of 1.36000 taken soon
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #647,768
  • Jan 10, 2022 4:18am Jan 10, 2022 4:18am
closed euraud & cadchf. will wait

also closed chfjpy & eurcad that i think i posted here

Only short cable
POSTMASTER
  • #647,769
  • Jan 10, 2022 4:31am Jan 10, 2022 4:31am
Quoting kris89
we on middle 1.35900 which 50 50 for break 1.36000 nor 1.35800 , in the price movement high possibility of 1.36000 taken soon
a lot of pressure on GU to drop it feels a tug o war at the moment. Need a clear break up or down something will give not sure which
Insane in the Brain..
  • #647,770
  • Jan 10, 2022 4:39am Jan 10, 2022 4:39am
Quoting Robinhood1
{quote} Hi, putting to one side any issue i am saying lover. betrayal never comes from an enemy
If my friends betray me, that's their loss buddy. I try to share everything with my friends, i trust them and i value them. If they betray me, they will lost a friend that shares everything he can. While i lose nothing but a toxic person. Which is actually a gain.
You have to have an IQ higher than 90 to interact with this user.
  • #647,771
  • Jan 10, 2022 4:49am Jan 10, 2022 4:49am
Quoting tommydoginti
{quote} No offence taken from the losers' bad jokes. If they have to mock others to create joy from their miserable lives that is their desperation. These acts of jealousy have no impact to the traders and the trades. I do not agree with Robinhood1 on some other topics and I admit I am skeptical towards his risk management in trading, but from day 1 I have no doubt on the authenticity of his trading accounts and no interest in his actual capital. His calls on the market can be right or wrong but I admire his courage to say them firmly. Unlike...
I couldn't say it better.

But no matter what we will keep trading and they will probably keep talking.
You have to have an IQ higher than 90 to interact with this user.
  • #647,772
  • Jan 10, 2022 4:58am Jan 10, 2022 4:58am
I will stay away from GU for an hour or more, its going to follow its brother GJ down.
  • #647,773
  • Jan 10, 2022 4:58am Jan 10, 2022 4:58am
Quoting Nd10
{quote} Falling wedge Headland. Means this thing may soon get back to 1.32
I think it's a rising wedge on the dly you mean...and not all of them play out for a drop...will this one?...no idea.
Trader with an Edge.
  • #647,774
  • Jan 10, 2022 5:00am Jan 10, 2022 5:00am
Quoting Headland
{quote} I think it's a rising wedge on the dly you mean...and not all of them play out for a drop...will this one?...no idea.
Rising wedge please. Thanks for the correction. Well I'm heavily short and hope this would do the magic.
  • #647,775
  • Jan 10, 2022 5:06am Jan 10, 2022 5:06am
I see 1.34 area soon.
  • #647,776
  • Jan 10, 2022 5:17am Jan 10, 2022 5:17am
... there is a repeating pattern of bearish hidden div on the wkly t/f now which may stay valid so long as price is below 3834 - the last LH in the wkly downtrend. Of course this is competing against bullish hidden div on the mthly t/f and that piercing pattern candle - last mthly close (effective opposite of dark cloud cover - Bones thinks this is a hi-probability candle pattern, and through anecdotal observation, this seems to to be so, but I have no empirical evidence to support this re actual probability over any historical representative sample (s.) We also have last week's bullish candle close. So like a lot of times, it depends on the t/f's you operate on. Take your pick.

Both of these competing hidden divergences share one thing in common, there is neither a convincing downtrend on mthly re the wkly hidden div, nor is there a convincing uptrend on the qtrly re the mthly bullish hidden div, (ie for an entry into a next higher t/f trend (+) after a pullback.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #647,777
  • Jan 10, 2022 5:18am Jan 10, 2022 5:18am
Quoting Nd10
{quote} What is your biase mate
Of course to buy but there are lots of considerations. I observe patterns a lot. For the past few weeks I noticed they take price up on a Friday and then rotate downwards on Moday and Tuesday and then take it up a bit on Wednesday. I want to buy, but not here, never here! So I am selling. I won't buy until lower prices.

So I generally have a concept of where price is going. But other factors have to be considered, like time, liquidity, price behaviour during the different trading sessions. Too many variables I got just by simply observing the chart. London is doing nothing but break the bottom, break the high and remain in the same place. NY should do the move for the day.

Verdict: Today I think the price is range/down.
  • #647,778
  • Jan 10, 2022 5:29am Jan 10, 2022 5:29am
GU would definitely go down..Already at 38.2 fib..Getting to 50% retracement coincides with 1.37 which is also about 50 pips above yearly pivot. This is my final sell area..Also using Elliot, it is already on wave 4 just like wave 2 (both have done over 400 pips so far).. so the wave 5 takes us below 1.30..My estimation sees 1.28.
Keen observations
  • #647,779
  • Jan 10, 2022 5:32am Jan 10, 2022 5:32am
Quoting Nd10
GU would definitely go down..Already at 38.2 fib..Getting to 50% retracement coincides with 1.37 which is also about 50 pips above yearly pivot. This is my final sell area..Also using Elliot, it is already on wave 4 just like wave 2 (both have done over 400 pips so far).. so the wave 5 takes us below 1.30..My estimation sees 1.28. Keen observations
Very jittery now
  • #647,780
  • Jan 10, 2022 5:43am Jan 10, 2022 5:43am
Quoting Bakker
{quote} Very jittery now
Jittery how please
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