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Cable Update (GBPUSD)

  • #652,141
  • Feb 16, 2022 2:24am Feb 16, 2022 2:24am
Yes yes and
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yes yes yes
  • #652,142
  • Feb 16, 2022 2:31am Feb 16, 2022 2:31am
..tripped a few stops just above that zone? Provided liquidity for the sellers on the dip. Into the 4hr part of that prev 1hr/4hr sw hi zone to 3566/67 = pot rbs now.

4hr below.
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Trader with an Edge.
  • #652,143
  • Feb 16, 2022 2:31am Feb 16, 2022 2:31am
Quoting Mitiblotch
43% buyers vs 57% sellers. Usually the herd will get hurt. Yesterday's daily candle didn't look good for bears. Then that liquidity grab at the bottom yesterday with a resultant "hot stove" effect also comes to mind. I wanted a better price but I just went long here anyway. At 3578 (DR1), I will bank some. Chart from mobile: {image}
This pair has become both stupid and annoying. Even with the so called data all you get is a spike and no follow through. Out with +1. Cannot be trading nonsense.
  • #652,144
  • Feb 16, 2022 2:33am Feb 16, 2022 2:33am
Quoting Mitiblotch
{quote} This pair has become both stupid and annoying. Even with the so called data all you get is a spike and no follow through. Out with +1. Cannot be trading nonsense.
out of my long , these will be down soon as price tripping crawl and loosen mementum per each candle

also price may spike another higher 1.35750-1.35800 before trip buyer to downstair , that level is watcher
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #652,145
  • Feb 16, 2022 2:43am Feb 16, 2022 2:43am
love euro .....
not euphoria follower
  • #652,146
  • Feb 16, 2022 2:43am Feb 16, 2022 2:43am
Come on mf
give me the 1.35855
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yes yes yes
  • #652,147
  • Feb 16, 2022 2:43am Feb 16, 2022 2:43am
Quoting Mitiblotch
{quote} This pair has become both stupid and annoying. Even with the so called data all you get is a spike and no follow through. Out with +1. Cannot be trading nonsense.
Hahahahahahaha, you sound like an African especially a Nigerian. Lols, were are you from??
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #652,148
  • Feb 16, 2022 2:47am Feb 16, 2022 2:47am
...sometimes it's easy to get shaken out by a stop that's too tight for spikey market conditions on lower t/f's, and/or by PA and other factors on the lower t/f's, but you have to adjust accordingly for these and try and stay in what is the bigger picture relative to the t/f's you are trading (ie your longest t/f and above.) I've kept a long open and had 2 small target scalp shorts as well for +3 and +8 on the way up. Each shallow (so far) dip has been bought so far - that is what the market is telling us. It's bullish atm, until it isn't.

1hr is below.
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Trader with an Edge.
  • #652,149
  • Feb 16, 2022 2:51am Feb 16, 2022 2:51am
Quoting mysterio
{quote} we should break that high on news then I can think about short
done but waiting for a move into the 1.3570-80s for short, holding long
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  • #652,150
  • Feb 16, 2022 2:54am Feb 16, 2022 2:54am
sell @1.35660
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #652,151
  • Feb 16, 2022 3:01am Feb 16, 2022 3:01am
If you are Long, be wary of 1H bullish candle to the left, some call it institutional candle that sponsored the bearish move yesterday, only a firm move above it around 1.3570 will dent bears ambition intra-day
  • #652,152
  • Feb 16, 2022 3:02am Feb 16, 2022 3:02am
Quoting kris89
sell @1.35660
if these level hold ill take the short for more longer to 1.34000 -1.32000
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #652,153
  • Feb 16, 2022 3:13am Feb 16, 2022 3:13am
Long in at 1.3560 target 1.3589
Don't trade what you think. Just what you see!!!
  • #652,154
  • Feb 16, 2022 3:15am Feb 16, 2022 3:15am
Quoting mysterio
{quote} done but waiting for a move into the 1.3570-80s for short, holding long {image}
I TPd here although i expect a deeper push 14th high is acting as resistance, still waiting for a deeper push for possible short
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  • #652,155
  • Feb 16, 2022 3:17am Feb 16, 2022 3:17am
Quoting mysterio
{quote} done but waiting for a move into the 1.3570-80s for short, holding long {image}
Hey mysterio.
Im out at 70. Daily r1 after bounce from support at 48.
I posted yesterday asking about your charts. I am wondering where you get the bid offer spread from. Is it just your broker or the futures market.? Always interested to see volumes but clearly its difficult to amalgamate the volumes on a retail platform.
Hope thats an ok question for my 2nd post
  • #652,156
  • Feb 16, 2022 3:17am Feb 16, 2022 3:17am
...breaking here, might be back for u.s Retail sales. My last day today before 2 weeks break.
Trader with an Edge.
  • #652,157
  • Feb 16, 2022 3:20am Feb 16, 2022 3:20am
Quoting kris89
{quote} if these level hold ill take the short for more longer to 1.34000 -1.32000
I have a feeling this accumulation will come to an end soon

It may be the big short if we can get in

I think it will go higher before shorting tho
  • #652,158
  • Feb 16, 2022 3:23am Feb 16, 2022 3:23am
Quoting mysterio
{quote} I have a feeling this accumulation will come to an end soon It may be the big short if we can get in I think it will go higher before shorting tho
ive watching the level that keep making HL , if we can spike once to that 1.36000 level will be a good sell , even just spike , but seem the price already make the best climb of it , and these level 1.35700 keep halting it , will watch closely if price manage to grab some more
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #652,159
  • Feb 16, 2022 3:26am Feb 16, 2022 3:26am
UK inflation numbers came out, indicating that Pound will remain stronger than USD. Long term direction is north.

However, today FOMC Minutes will be published. Last FOMC was more hawkish than anticipated, so FOMC Minutes report will probably be hawkish as well. That can help the Dollar today, but overall direction will remain bullish on GBPUSD.

Markets are also risk-on again, tensions are eased between Ukraine and Russia. Better watch Twitter closely just in case though.

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You have to have an IQ higher than 90 to interact with this user.
  • #652,160
  • Feb 16, 2022 3:52am Feb 16, 2022 3:52am
Crooky bears trap candle
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yes yes yes
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