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Cable Update (GBPUSD)

  • #660,781
  • May 26, 2022 7:43pm May 26, 2022 7:43pm
Quoting Jolita
{quote} Good scalping trades, more winning trads that count. AU can move, made higher high in April and retraced over 800 pips, now crawling back up (break and re-test). Latest resistance was taken out. Looking bullish to me, hope will continue this way. {image}
Agree with you, i was looking at lower TF 30 min and 1 hour, anyway, another lesson for me
  • #660,782
  • May 26, 2022 8:17pm May 26, 2022 8:17pm
Quoting RaHaG0D
Which do you think will happen more? I Like C {image}
very nice neat chart mate!! pa now 2620 last time 2638 played was decent show of bears, however it was was beginning of 3rd weekly bear candle of 4 week bear train, question are bears still sitting there?? would comply with your chart, but we are now at end of 2nd week of bull train? 2638 may be key to watch, u/cad has a beautiful weekly reversal candle in play, psych level 1 3000, swissy similar with beautiful daily candle psych level 1 0000 aka parity, so big levels in play, US$ showing signs of weakness in higher timeframes, if breached, retested etc bull in charge with important levels on US prs, under daily tf,s who knows, cable 2638 will be key aka caution :-)
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  • #660,783
  • May 26, 2022 9:22pm May 26, 2022 9:22pm
Long trade tp hit, +130pips banked.

Entered few shorts, risky seeing strong green candle, bulls are waking up, but sticking to my plan.
  • #660,784
  • May 26, 2022 9:24pm May 26, 2022 9:24pm
Probably high of thr day reached. Took short
Intraday only.
  • #660,785
  • May 26, 2022 9:33pm May 26, 2022 9:33pm
Quoting Coreg2004
{quote} RaHaG0D, yours is a shark pattern and is good. I marked my bearish bat pattern on the last swing. https://harmonictrader.com/harmonic-...shark-pattern/ Edit: Just focus on the pattern you see and trade it according to the rules. You can't go wrong with them. You have entry, stop loss and target clearly established.
Thanks for the link. I have my own trading system and Stop has always been a good friend of mine. I have just started studying harmonic patterns. So I was not sure. Today will be instructive for me
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  • #660,786
  • May 26, 2022 9:34pm May 26, 2022 9:34pm
Quoting KiwiTrada
{quote} very nice neat chart mate!! pa now 2620 last time 2638 played was decent show of bears, however it was was beginning of 3rd weekly bear candle of 4 week bear train, question are bears still sitting there?? would comply with your chart, but we are now at end of 2nd week of bull train? 2638 may be key to watch, u/cad has a beautiful weekly reversal candle in play, psych level 1 3000, swissy similar with beautiful daily candle psych level 1 0000 aka parity, so big levels in play, US$ showing signs of weakness in higher timeframes, if breached,...
Yes, we are at an important level that will be moving up or continuing the downward trend
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  • #660,787
  • May 26, 2022 9:44pm May 26, 2022 9:44pm
Quoting Georginson
{quote} Price is at crossroads (1.2570) as it can either shoot to 1.28 or plummet back to 1.21. a break down of 1.2400 will take price back to 1.21 area or even possible 1.1950, while failure to break down 1.2400 is a certain 1.2800. So 1.21 or 1.28 within 2 weeks... Watch zone is 1.2400.
Gradually approaching 1.28 within the confines of 2 weeks since 1.24 is still holding... Let's see where it will trade by or before June 10.
Data + Stat + Risk/Emotions Management
  • #660,788
  • May 26, 2022 10:06pm May 26, 2022 10:06pm
Nice reach to trend line. break or fall
Attached Image (click to enlarge)
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  • #660,789
  • May 26, 2022 10:46pm May 26, 2022 10:46pm
Quoting Georginson
{quote} Gradually approaching 1.28 within the confines of 2 weeks since 1.24 is still holding... Let's see where it will trade by or before June 10.
Perhaps 1.2700 today just perhaps. Fingers crossed.
Data + Stat + Risk/Emotions Management
  • #660,790
  • May 26, 2022 10:58pm May 26, 2022 10:58pm
Quoting Georginson
{quote} Perhaps 1.2700 today just perhaps. Fingers crossed.
Reaching 1.27 for me means breaking the trend line and then 1.28 or 1.30. It will be great. I will close my longs (1.221600-1.221800)
I wanted to add again in the lower that may not be realized and I am satisfied with that
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  • #660,791
  • May 26, 2022 10:59pm May 26, 2022 10:59pm
if price keep below 1.26800 , we will have a really bad for bull today
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #660,792
  • May 26, 2022 11:04pm May 26, 2022 11:04pm
Quoting RaHaG0D
{quote} Yes, we are at an important level that will be moving up or continuing the downward trend
trends can be very subjective, monthly has been bear trend since 30th December 2007 possibly the early warning of the 2008 GFC, there have been weekly bear and bull trains since then, but the overall trend has been bearish a long time now, looking at monthly the upper falling trendline was breached by stirling bulls 31st December 2020 peaking 4249 1st of june 2021 and returning to retest that tl last month, which pierced but failed to close below, this month again breached but thus far failed to close below, my guess is the overall "trend" monthly maybe in the process of reversing, time will tell, considering I have been a us$ and yen bull since 2008 this is a big call from me, cable eu au nu bears have served me well :-)
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  • #660,793
  • May 26, 2022 11:04pm May 26, 2022 11:04pm
Quoting kris89
if price keep below 1.26800 , we will have a really bad for bull today
Why

bulls can travel to 1.27/2 easily now
i will not trade it anyway

this is my chart, bulls take the price higher of my inner count, now time to wait and not fight it
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  • #660,794
  • May 26, 2022 11:18pm May 26, 2022 11:18pm
If price will base around here for few hours I will start loading limit sells from 1.267 4h Fvg
  • #660,795
  • May 26, 2022 11:21pm May 26, 2022 11:21pm
Quoting Whale
{quote} Why bulls can travel to 1.27/2 easily now i will not trade it anyway this is my chart, bulls take the price higher of my inner count, now time to wait and not fight it {image}
Yes it is possible. We are very close. i'm so (light) short with stop loss. If the downward trend (1.26-1.255) is broken, then I will sell more. but not yet.
1.26500 is an important area that has hit 240 MA
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  • #660,796
  • May 26, 2022 11:25pm May 26, 2022 11:25pm
Quoting Whale
{quote}
Every time it going above 2600 i think about your trade, and how my chart dosent show it. and then it back down and im like.. ok. but really i dont get it.
Hey Bro. I was thinking a lot too. Just woke up. Dang.... 1st TP completed and waititng for 2nd TP now


Quoting Pat Chiko
{quote} Same here. Same energy. 12 hours only to get whipsawed........ Harami for the last four days. Until it breakout we can see trending. Miss opportunity for some TP earlier. {image}
This carry trade from yesterday.

2nd target may a bit hard to get now, as price may pull back to the last break area for RT.

Attached Image (click to enlarge)
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  • #660,797
  • May 26, 2022 11:32pm May 26, 2022 11:32pm
Quoting Pat Chiko
{quote} Hey Bro. I was thinking a lot too. Just woke up. Dang.... 1st TP completed and waititng for 2nd TP now {quote} This carry trade from yesterday. 2nd target may a bit hard to get now, as price may pull back to the last break area for RT. {image}
What can I say, applause
  • #660,798
  • May 26, 2022 11:34pm May 26, 2022 11:34pm
Quoting Whale
{quote} Why bulls can travel to 1.27/2 easily now i will not trade it anyway this is my chart, bulls take the price higher of my inner count, now time to wait and not fight it {image}
thats why and these was friday , i wasnt going to use my feeling today ,just using my head and line only for friday , cause we always will get suprising in the movement >.<

for now 1.26700 - 1.26200 until someone broken
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #660,799
  • May 26, 2022 11:44pm May 26, 2022 11:44pm
Quoting Pat Chiko
{quote} The 1.27000 chart {image}

The famous 1.27000 Chart.

Just a stone throw away.


Attached Image (click to enlarge)
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I come from the future.
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  • #660,800
  • May 26, 2022 11:52pm May 26, 2022 11:52pm
Quoting Pat Chiko
{quote} The famous 1.27000 Chart. Just a stone throw away. {image}
Yes, we are finally seeing 1.27. But I traded in the simulator for the last 20 years until 2022. I understood one thing well, when the price of such areas as 1.335-1.24 does not retest and moves from a supply area, it can return and fill well. maybe i'm wrong. Maybe we can see 1.27-1.28-1.30 from here. Maybe, like your chart, the roof of channel 1.27 is currently
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