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mysterio replied Mar 2, 2021You may be too late, if we clear this 1.3930 area. The dip was the 0.382 retrace of the morning impulse 1.39ish (might be wrong obv could go lower). Or congrats if you just held this morning at the low. 1.4010 is the 1.618 ext and next major supply, ...
Cable Update (GBPUSD)
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mysterio replied Mar 2, 2021Took 25 pips, long on the 0.382 retrace/round number. Chance we push down to 0.682 retrace That was kind of a bold move for me, shorting the retrace even when I expected price to go up later... Why not though??! Might be considered greedy but I'm ...
EUR/USD 15m trendline breakout
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mysterio replied Mar 2, 2021TP'd +25 reverse long on 0.382 retrace 1.3900 It may want to go to 1.3886 but round number seems good
Cable Update (GBPUSD)
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mysterio replied Mar 2, 2021You think it's broken out already? Didn't get the retrace I expected and don't want to miss the boat here.
Cable Update (GBPUSD)
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mysterio replied Mar 2, 2021Took 57 pips, in short before long again
EUR/USD 15m trendline breakout
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mysterio replied Mar 2, 2021Took short before long again... milking every last drop. Locked at BE. Mirror of yesterday
Cable Update (GBPUSD)
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mysterio replied Mar 2, 2021Agreed DXY has further to go after this retrace. Gold didn't reach the 0.618 retrace or the daily channel bottom. This is a temporary move up
Cable Update (GBPUSD)
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mysterio replied Mar 2, 2021Tempted to close long at 1.3925 and get in at a lower price, we'll see how it develops I feel we may do an ABCD move like a mirror image of yesterdays morning move Edit- closed for 57 pips. I may be wrong but I want to lock that in then re-enter ...
Cable Update (GBPUSD)
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mysterio replied Mar 2, 2021How do you forecast the end of the M pattern, is that a harmonic pattern? Also why choose the channel median line and not a fib retrace of the last leg of the M, is this just how you feel it will be from experience? Thanks for the chart, good stuff ...
EURUSD only
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mysterio replied Mar 2, 2021This is spot on
in terms of TPs we have a fresh 1h supply overhead at 1.3932-1.3921, then 1.4022-1.3997 areas Use fibs/TLs/Channels to figure out the waves upCable Update (GBPUSD)
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mysterio replied Mar 2, 2021I'm thinking about dxy coming down for its second wave around now, if that is the case then maybe 1.40 but you're right probably not today or not this morning at least We also have that fresh 1h demand which hasn't quite hit, but has in the 4h ...
Cable Update (GBPUSD)
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mysterio replied Mar 2, 2021Both in a sense, but mostly EURUSD moves DXY as it is the main constituent of the index. With that said people can trade DXY which will move the index which in turn can have a correlation effect and so influence all of the dollar crosses. I'm sure ...
Cable Update (GBPUSD)
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mysterio replied Mar 2, 2021Nice TRAP in retrospect... starts retracing above where I expected. I just bought lower after being taken out BE. If I was a bit sharper I would have cashed in on the spike and waited. Now DXY can do a 0.382-0.50 retrace
Cable Update (GBPUSD)
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mysterio replied Mar 2, 2021Could get a decent retrace on dxy today. First target is the 0.382 retrace of the last up leg, 90.70ish. In cable terms around 1.40. It could go a little further this week but I believe we are headed back down after that. We'll see, just imo
Cable Update (GBPUSD)
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mysterio replied Mar 2, 2021Cable buys shown, first stopped out -15 Holding a long from 1.3868 with stop at BE, targeting 1.40, will try and catch the waves, only when I see an obvious turnaround In retrospect, i took the breakout of a channel from yesterday which didnt hold ...
EUR/USD 15m trendline breakout
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mysterio replied Mar 2, 2021DXY still seems very bullish, I'll be waiting for it to hit its next supply around R2 91.40ish before considering long Cable buyers should step in around 1.3850ish I notice equity futures are down though so= dollar strength edit- back in at 1.3873.. ...
Cable Update (GBPUSD)
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mysterio replied Mar 2, 2021Stopped daaaamn. I will re-evaluate, original plan was to buy at 1.3850ish but DXY had broken a TL in a supply area, I guess it was a false break Although I'm not one to blame losses on manipulation this has the makings of a stop hunt on Euro/DXY. ...
Cable Update (GBPUSD)
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mysterio replied Mar 2, 2021Bought @ 1.3890 SL 10 pips TP open, stop to BE asap
Cable Update (GBPUSD)