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Cable Update (GBPUSD)

  • #737,041
  • Mar 21, 2023 3:57am Mar 21, 2023 3:57am
Quoting dantpm
{quote} Have you ever considered using 2 RSI indicators? Add the 7-period RSI to your chart with an 80 and 20 control line and it becomes a leading indicator of direction.
I will take a look and see. Quite frankly I almost never look at the indicators on my chart. Sometimes I don't even know what they are doing there save for the occasional 200MA on daily or 4hr TF used to scalp contrarian trades. The idea of two RSIs sounds cool; I'll see if it helps. Thank you.
  • #737,042
  • Mar 21, 2023 3:57am Mar 21, 2023 3:57am
today we have found an intraday trade setup for gbpusd. price testeed the strong resistance level on daily and four hour chart and now moving down. short sell takne on hourly chart. here price breakthorugh the resistance zone than fall below resistance level, which a false breakout. so we put our sell position below brekout candle on hourly chart and put stop loss few pips above that bar so that position get some room and dont close by stop loss hunting. our take profit is 1.5 times of stop loss.




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  • #737,043
  • Mar 21, 2023 3:58am Mar 21, 2023 3:58am
my view
gbpusd

if we stay below 1.2260 we could go lower below 1.22 today
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Trendlines H1,H4, SMC
  • #737,044
  • Mar 21, 2023 4:04am Mar 21, 2023 4:04am
Quoting Yngwie
Bear want to beat 1.2235
done
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #737,045
  • Mar 21, 2023 4:05am Mar 21, 2023 4:05am
The 4hr chart doesn't look encouraging for bulls. That curve usually leads to deeper falls. I don't know if to take the trade. Hehe... one thing I am wary of is that Asian high which also wasn't touched before London close yesterday has been left untouched by London thus morning. Arrrgghhh...

Edit: Short 2233. TP 2203.
  • #737,046
  • Mar 21, 2023 4:24am Mar 21, 2023 4:24am
Long at 12238 looking for near yesterdays high
Insane in the Brain..
  • #737,047
  • Mar 21, 2023 4:31am Mar 21, 2023 4:31am
Moty lead me your hammer. GU is trying to be funny
My telegram: https://t.me/avidforex
  • #737,048
  • Mar 21, 2023 4:35am Mar 21, 2023 4:35am
Quoting BeeTogether
Long at 12238 looking for near yesterdays high
Hey, let's push it down first. After my TP at 2203 then you can have even 3.000 if you wish. Hahaha
  • #737,049
  • Mar 21, 2023 4:37am Mar 21, 2023 4:37am
Quoting BigNumbers
Moty lead me your hammer. GU is trying to be funny
I think the previous hourly close was below the daily pivot at 2244. If we close this hour below it again then we can safely hope that we will get at least 2192 area.
  • #737,050
  • Mar 21, 2023 4:39am Mar 21, 2023 4:39am
Quoting Mitiblotch
{quote} Hey, let's push it down first. After my TP at 2203 then you can have even 3.000 if you wish. Hahaha
im just trading for lose change 😁
Insane in the Brain..
  • #737,051
  • Mar 21, 2023 4:43am Mar 21, 2023 4:43am
Buy limit
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  • #737,052
  • Mar 21, 2023 4:44am Mar 21, 2023 4:44am
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I am short since yesterday.... My SL is about to be hit in few seconds...where I will reverse to long. . . . .

  • #737,053
  • Mar 21, 2023 4:48am Mar 21, 2023 4:48am
Quoting dantpm
{quote} Gold and silver bullion have storage and security issues that can be challenging. Gold and silver certificates rely on the issuer to honor and can also be challenging to trade for a variety of reasons. Real estate is interesting. You have Warren Buffet buying railways because he believes the land under the tracks is undervalued. Warren's buddy Bill Gates is the largest owner of farmland in the US. Bill probably read Rich Dad Poor Dad., apparently he has a lot of time on his hands for reading these days. Not sure I like the idea of Bill deciding...
Bill is a very intelligent and successful businessman because majority of his business are either fulfilling needs or solving problems.
He literally doesnt need to attract customers or do advertising or market research to know if his products will be successful or not.
More time in the market, does not mean you trade better!
  • #737,054
  • Mar 21, 2023 4:52am Mar 21, 2023 4:52am
ok to start of the daily timeframe is clearly bullish with bullish momentum. the goal is to trade that momentum until it gets exhausted. the reason, why my entry point would be around 1.22028, is because first that area was resistance and i expect it to switch to a floor second its close to the bottom of the weekly range tp would be anywhere between the previous daily high and DR
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  • #737,055
  • Mar 21, 2023 4:57am Mar 21, 2023 4:57am
Quoting ScalaFX
{quote} Sell stops 2250, 2240 so I will have if active later 8 positons from 2190 to 2260, targeting minimum 207x, lets rock!
I see only I shorting this cable🫢🍀😉 all positions active🙂 lets see where price want go, good luck for everyone 💪🍀
People don't plan to lose. They lose because they don't plan.
  • #737,056
  • Edited 6:50am Mar 21, 2023 4:58am | Edited 6:50am
DXY too much selling.

EU double top to provide last line of resistance.
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  • #737,057
  • Mar 21, 2023 5:02am Mar 21, 2023 5:02am
for 18 pips
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yes yes yes
  • #737,058
  • Mar 21, 2023 5:03am Mar 21, 2023 5:03am
Profit taken

short taken at 12250 looking for another 20 pips
Insane in the Brain..
  • #737,059
  • Mar 21, 2023 5:07am Mar 21, 2023 5:07am
GBPUSD

sell limit 1.2271

target 1.2125

Let's see whether price will come to me.
  • #737,060
  • Mar 21, 2023 5:22am Mar 21, 2023 5:22am
Quoting ScalaFX
{quote} I see only I shorting this cable🫢🍀😉 all positions active🙂 lets see where price want go, good luck for everyone 💪🍀
Not just you. I also shorted 2233 and 2238 a while ago. My TP is 2203 and 2205 respectively. It's just a scalp, as I believe price will climb much higher later. I hope it hits our TP before the jump.
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