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Cable Update (GBPUSD)

  • #652,321
  • Edited 2:26am Feb 18, 2022 2:12am | Edited 2:26am
Quoting kris89
{quote} im not confident to buy on that high >.< so i prefer to sell with low risk , at least if price show sign of breaking upside maybe i can enter later , can be a false move friday
Hi Kris,
A quick synopsis into my thought process.
The year is divided into 4 quarters. We are more than halfway into the 1st qtr of this year which ends at the end of March.
1.35000 is crux as it is a major round number, hence I put so much emphasis on it. the next major number will be 1.4000, 500 pips away. I talk a lot about a weekly or monthly close above 1.35000. It is likely that we will close the week above this number 1.35000, touch wood. Seeing we are also more than halfway into the 1st qtr of this year the odds become more likely that we will reach the 1st quarter mark at 1.37500 before the end of March.
So buying here I am buying very low.
Cheers.
Trade to trade another day
  • #652,322
  • Feb 18, 2022 2:23am Feb 18, 2022 2:23am
Quoting Wavegarrick
{quote} Hi Kris, A quick synopsis into my thought process. The year is divided into 4 quarters. We are more than halfway into the 1st qtr of this year which ends at the end of March. 1.35000 is crux as it is a major round number, hence I put so much emphasis on it. the next major number will be 1.4000, a 1000 pips away. I talk a lot about a weekly or monthly close above 1.35000. It is likely that we will close the week above this number 1.35000, touch wood. Seeing we are also more than halfway into the 1st qtr of this year the odds become more likely...
i see ,thanks for sharing . cheers !

true , we on one more month for Quarter one. we area in these level so long 1.36000 and 1.35000 and yesterday just break above it but with a little above the Key level , that why i anticipate the Fake out / Signal of strength , usually price when broke aside will take at least below more LQ before goes upper , just anticipate it .
just sharing my view also , this market is much LQ taken upside down .

its depend on H4 candle these will close , will it be M pattern FO or H4 candle make a new high stair
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #652,323
  • Feb 18, 2022 2:36am Feb 18, 2022 2:36am
Hey i would suggest that unless ukraine is invaded today that a close above 3500 is a given.
As a side note, i pulled some old templates from 2008 showing plotted levels at these price points. In 2016 those levels where respected and again in 2022. Based on that 3580 and 3550 are strong support. 16 years later, same market, same levels. Hope that helps. Sorry if my posts appear late but as a new member i get moderated
  • #652,324
  • Feb 18, 2022 2:39am Feb 18, 2022 2:39am
Quoting Wavegarrick
{quote} Hi Kris, A quick synopsis into my thought process. The year is divided into 4 quarters. We are more than halfway into the 1st qtr of this year which ends at the end of March. 1.35000 is crux as it is a major round number, hence I put so much emphasis on it. the next major number will be 1.4000, 500 pips away. I talk a lot about a weekly or monthly close above 1.35000. It is likely that we will close the week above this number 1.35000, touch wood. Seeing we are also more than halfway into the 1st qtr of this year the odds become more likely...

on point
MY OPINION NOT FINANCIAL ADVISE
  • #652,325
  • Feb 18, 2022 2:43am Feb 18, 2022 2:43am
I think this Bullish run is coming too its end!!!
Don't trade what you think. Just what you see!!!
  • #652,326
  • Feb 18, 2022 2:50am Feb 18, 2022 2:50am
Quoting Theoak
I think this Bullish run is coming too its end!!!
Depends on the time frame...if you look at weekly or monthly, bulls may be only starting. But thats not to say that money can't be made on both shorts and longs intraday.
Everyone can see the chart, but only a few can actually read it.
  • #652,327
  • Feb 18, 2022 2:52am Feb 18, 2022 2:52am
You shell not pass mf
Attached Image (click to enlarge)
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yes yes yes
  • #652,328
  • Feb 18, 2022 3:00am Feb 18, 2022 3:00am
Quoting OnlineAddict
{quote} Depends on the time frame...if you look at weekly or monthly, bulls may be only starting. But thats not to say that money can't be made on both shorts and longs intraday.
I was looking at the smaller timeframes based on resistance. It did not set-up for all my rules, but if it does!!!!!
Don't trade what you think. Just what you see!!!
  • #652,329
  • Feb 18, 2022 3:03am Feb 18, 2022 3:03am
seem H4 candle will make M for high possibility , adding some sell @1.36400 back there ,
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #652,330
  • Feb 18, 2022 3:07am Feb 18, 2022 3:07am
No rules, just crazy up, ok manage 8n channeling though. Anyway 3642 just tested not broken! If hold then tanking may start now! Checking fist signal /breakout at 3624, 2nd 3618, first confirmation 3598! Real confirmation 3485.
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #652,331
  • Feb 18, 2022 3:11am Feb 18, 2022 3:11am
worst scenario for bulls is a retracement to around 1.3500. For swing traders should not be a problem

I may be wrong
POSTMASTER
  • #652,332
  • Feb 18, 2022 3:16am Feb 18, 2022 3:16am
H4
it looks like a chance to grow... maybe
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Trendlines H1,H4, SMC
  • #652,333
  • Feb 18, 2022 3:40am Feb 18, 2022 3:40am
the 200 sma is at 3620 so may hold it up above that area
  • #652,334
  • Feb 18, 2022 3:41am Feb 18, 2022 3:41am
If you missed the LONG in the morning,just have to wait for another setup
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Watch me trade Live on YouTube
  • #652,335
  • Feb 18, 2022 4:01am Feb 18, 2022 4:01am
Quoting Moty
You shell not pass mf {image}
Told ya mf
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yes yes yes
  • #652,336
  • Feb 18, 2022 4:09am Feb 18, 2022 4:09am
maybe a drop to 3620 then push up to 3650?
  • #652,337
  • Feb 18, 2022 4:14am Feb 18, 2022 4:14am
Quoting Moty
{quote} Told ya mf {image}
Good job! now just change your risk with reward
  • #652,338
  • Feb 18, 2022 4:18am Feb 18, 2022 4:18am
Quoting fontu
No rules, just crazy up, ok manage 8n channeling though. Anyway 3642 just tested not broken! If hold then tanking may start now! Checking fist signal /breakout at 3624, 2nd 3618, first confirmation 3598! Real confirmation 3485. {image} {image}
battery needs charging
POSTMASTER
  • #652,339
  • Feb 18, 2022 5:08am Feb 18, 2022 5:08am
Quoting Robinhood1
{quote} battery needs charging
Likely, last not the least may be! Afterall a better sell off to initiate!
3580 may good recharge levels from die-hards bull or scammers, ready pump and dump!
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #652,340
  • Feb 18, 2022 5:09am Feb 18, 2022 5:09am
Short 1.3617 target 1.3606
Don't trade what you think. Just what you see!!!
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