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Cable Update (GBPUSD)

  • #655,281
  • Apr 1, 2022 4:42am Apr 1, 2022 4:42am
Quoting Nd10
{quote} Hi Nav, You really have time responding to the fellow who was busy attacking Leon and George. You have given him relevance. Silence would have been far better you know
you too, and me too lol
Daddy, Brother, Lover, Little Boy
  • #655,282
  • Apr 1, 2022 5:16am Apr 1, 2022 5:16am
Potential Break up on my 30 min chart

Buying with SL at 3100
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  • #655,283
  • Apr 1, 2022 5:44am Apr 1, 2022 5:44am
Is the NFP data already priced in?
What is your view today guys? Good day ahead for GBP?
  • #655,284
  • Apr 1, 2022 5:55am Apr 1, 2022 5:55am
Spike down on NFP to crush all the stops then continue up. Dollar should go bearish
  • #655,285
  • Apr 1, 2022 6:13am Apr 1, 2022 6:13am
Quoting tiborf71
{quote} t's easiest to ban me. what, do you dare professional debate? I'm waiting.
what a professional debate you are asking for here?

we are hobby traders here. at best.
Maadik Hugiis. IQ 69.
  • #655,286
  • Apr 1, 2022 6:18am Apr 1, 2022 6:18am
Likely going to hit 1.3175 and move below 1.3142.
  • #655,287
  • Apr 1, 2022 6:59am Apr 1, 2022 6:59am
yes, will go up first and then could crash.

Price is bearish.

And in NY session, everyday being sold.
Intraday only.
  • #655,288
  • Apr 1, 2022 7:09am Apr 1, 2022 7:09am
Quoting Nd10
{quote} Hi Nav, You really have time responding to the fellow who was busy attacking Leon and George. You have given him relevance. Silence would have been far better you know
was just passing through in the morning and saw post. I agree thou
  • #655,289
  • Apr 1, 2022 7:15am Apr 1, 2022 7:15am
Quoting HSmo
Potential Break up on my 30 min chart Buying with SL at 3100 {image}
Neat chart and beautiful lines. I hope price respects such a chart.
  • #655,290
  • Apr 1, 2022 7:35am Apr 1, 2022 7:35am
can start buying below yesterdays low. 1.31 area. imho. For 50 pips or so
  • #655,291
  • Apr 1, 2022 7:39am Apr 1, 2022 7:39am
My pending buy at 1.31150, activated. SL 30 Pips, TP, 50 pips
  • #655,292
  • Apr 1, 2022 7:43am Apr 1, 2022 7:43am
I just hope buys today won't be futile. Most likely might be. For many Fridays now "sell" has been the theme. And price is firmly below the daily pivot.
  • #655,293
  • Apr 1, 2022 7:54am Apr 1, 2022 7:54am
Unemployment rate lower, which is a plus, NFE figures are very low, not as expected.
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Trader sentiment long 70% while 30% short.
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  • #655,294
  • Apr 1, 2022 7:58am Apr 1, 2022 7:58am
ok friends because seeing a lot of bounces there, now the purchase is added
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  • #655,295
  • Apr 1, 2022 8:00am Apr 1, 2022 8:00am
Quoting Mitiblotch
I just hope buys today won't be futile. Most likely might be. For many Fridays now "sell" has been the theme. And price is firmly below the daily pivot.
You trading using Mark Fisher's ACD method? Daily pivot is part of the system. I revised his method to my own style, I pay more attention to trend than the pivot placement, pivot comes second, let's say in a downtrend the support pivot is likely to break down. I agree price now is well below daily pivot.

I find his systematic approach very helpful, knowing what price level to watch for and what to do next.

I find it especially useful in more volatile market like GBPUSD. the system rely on volatility.

For me I entered at 1.31391 since yesterday, as I spotted higher highs & higher lows, price generally refuse to break below and make new lows, so my bias now is uptrend (15 min chart). Stop Loss at 1.3105, TP is 1.5x of SL.

Trade has been running for a day now, waiting it to hit either TP or SL before taking any trades, in a way this makes me sit out and wait for clearer direction.

Almost hit SL but didnt reach it, I'm with you, let hope the Long wins.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 54.9%
  • #655,296
  • Apr 1, 2022 8:01am Apr 1, 2022 8:01am
I am in selling mode, most trades in profit, one is negative.
GU moves like a sloth lately.

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  • #655,297
  • Apr 1, 2022 8:09am Apr 1, 2022 8:09am
Quoting Jolita
I am in selling mode, most trades in profit, one is negative. GU moves like a sloth lately. {image}
Yup, sense of direction is not strong lately, we're in a noticeable range for 3 days now.

As I am writing this, it is showing signs of bounce, seems like still refusing to break lows.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 54.9%
  • #655,298
  • Apr 1, 2022 8:10am Apr 1, 2022 8:10am
Quoting Reverso
{quote} You trading using Mark Fisher's ACD method? Daily pivot is part of the system. I revised his method to my own style, I pay more attention to trend than the pivot placement, pivot comes second, let's say in a downtrend the support pivot is likely to break down. I agree price now is well below daily pivot. I find his systematic approach very helpful, knowing what price level to watch for and what to do next. I find it especially useful in more volatile market like GBPUSD. the system rely on volatility. For me I entered at 1.31391 since yesterday,...
Good points. Let's see how they play it.
  • #655,299
  • Edited 8:27am Apr 1, 2022 8:10am | Edited 8:27am
Quoting Wongkampoeng
ok friends because seeing a lot of bounces there, now the purchase is added {image}
We are ranging, buy low/after break and RT would be best for you.
Cant get my eyes off the HTF, PA is showing more liquidity grab at the bottom [below 1.31××] before the rocket launches
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Face 'ur fears & tame 'ur greed
  • #655,300
  • Apr 1, 2022 8:16am Apr 1, 2022 8:16am
Quoting mysterio
can start buying below yesterdays low. 1.31 area. imho. For 50 pips or so
waiting for NYSE open. nearly there.
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