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Cable Update (GBPUSD)

  • #462,581
  • Jul 20, 2018 3:15am Jul 20, 2018 3:15am
I just bought 1.3016, looking to see it reaching 1.3070, ... many yards to jump.
  • #462,582
  • Jul 20, 2018 3:56am Jul 20, 2018 3:56am
For any meaningful trade for long, I think we should wait for confirmation @ 1.3367 if price should break this level than I can start buying above this level
  • #462,583
  • Jul 20, 2018 4:01am Jul 20, 2018 4:01am
Quoting adetola99
For any meaningful trade for long, I think we should wait for confirmation @ 1.3367 if price should break this level than I can start buying above this level
cool, holiday meantime! who is paying for it?
  • #462,584
  • Jul 20, 2018 4:14am Jul 20, 2018 4:14am
Quoting aa4fx
{quote} cool, holiday meantime! who is paying for it?
nobody, still have some short on wit my SL @ 1.3367 but majorly we are still in a downtrend
  • #462,585
  • Jul 20, 2018 4:19am Jul 20, 2018 4:19am
Quoting adetola99
{quote} nobody, still have some short on wit my SL @ 1.3367 but majorly we are still in a downtrend
I see ...
I am out @ 3025, had a few extra to the winners after the 1st sell.
  • #462,586
  • Jul 20, 2018 4:27am Jul 20, 2018 4:27am
Quoting aa4fx
{quote} I see ... I am out @ 3025, had a few extra to the winners after the 1st sell.
nice same here
  • #462,587
  • Edited 4:46am Jul 20, 2018 4:36am | Edited 4:46am
Quoting aa4fx
{quote} I see ... I am out @ 3025, had a few extra to the winners after the 1st sell.
How did you know to get out here, when you expected it to go to 3070? Just for my future reference so that I know when to jump out. Unfortunately I normally stay in and don't make any profit.
  • #462,588
  • Jul 20, 2018 4:42am Jul 20, 2018 4:42am
GBPUSD is trading above the support level 1.30094 and forms a downward wedge pattern in a technical 4-hour chart. I expect the bullish momentum to continue for next trading hours, pair would face hurdle at first resistance level 1.30409 and if it sustains above this level then it will face second resistance at 1.30546. Further mounting pressure will force the pair to climb till level of 1.31147 after breaching third resistance at 1.30771. A solid breakdown will make the pair attain height till level 1.32173.

If it crosses the support level then it could get second support at 1.29904 and may witness a fall till level of 1.28900 after sustenance below third and fourth support at 1.29619 & 1.29542
Attached Image (click to enlarge)
Click to Enlarge Name: 20 July GBPUSD.PNG Size: 72 KB
  • #462,589
  • Jul 20, 2018 4:54am Jul 20, 2018 4:54am
Quoting LetsTrade
Unfortunately I normally stay in and don't make any profit.
I usually take the money that is it and move next, but catching some trend pays nicely. Like now, I felt the market too sleepy to move, (no Trump tweet), the money outcome was right and I went out without waiting the expected move ... Now that I am out, I might see something much more attractive.

Around 3070 some trend lines have a meeting and my mind gives credit to such move ... same as I will better buying from 1.2980, I didn't looked for other interesting places.
  • #462,590
  • Jul 20, 2018 5:04am Jul 20, 2018 5:04am
Quoting LetsTrade
{quote} How did you know to get out here, when you expected it to go to 3070? Just for my future reference so that I know when to jump out. Unfortunately I normally stay in and don't make any profit.
Money management on a lower timeframe. the trend is your friend
  • #462,591
  • Jul 20, 2018 5:05am Jul 20, 2018 5:05am
Quoting aa4fx
{quote} I usually take the money that is it and move next, but catching some trend pays nicely. Like now, I felt the market too sleepy to move, (no Trump tweet), the money outcome was right and I went out without waiting the expected move
Thanks for your reply. I must learn that approach (ie take the money when available). I think I am too greedy and "hope" it would move more up.
  • #462,592
  • Jul 20, 2018 6:35am Jul 20, 2018 6:35am
The pair got away from the support but today it went back in, looks like it could attempt a bullish move.
  • #462,593
  • Jul 20, 2018 6:37am Jul 20, 2018 6:37am
gbp h1
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.png Size: 34 KB
yes yes yes
  • #462,594
  • Jul 20, 2018 6:42am Jul 20, 2018 6:42am
just sold it @ 3040, looking to go around 3025 ... or maybe lower
  • #462,595
  • Jul 20, 2018 6:47am Jul 20, 2018 6:47am
Quoting aa4fx
just sold it @ 3040, looking to go around 3025 ... or maybe lower
i still have my short 3040 too,if not hit my sL i’ll keep its..look like bulls start got in control..
just for a cup of coffee...
  • #462,596
  • Jul 20, 2018 6:55am Jul 20, 2018 6:55am
Quoting akim0895
{quote} i still have my short 3040 too,if not hit my sL i’ll keep its..look like bulls start got in control..
yep, there are some good upper places where to have a rest after a cardio run ...
  • #462,597
  • Jul 20, 2018 7:47am Jul 20, 2018 7:47am
trump did its again n again
just for a cup of coffee...
  • #462,598
  • Jul 20, 2018 7:52am Jul 20, 2018 7:52am
Quoting akim0895
trump did its again n again
yes ... I was thinking to write on usdcad thread: 'don't worry, if the market goes weird then Trump will tweet' #

sold the 3067
  • #462,599
  • Jul 20, 2018 8:03am Jul 20, 2018 8:03am
Quoting navk
{quote} The price at which I bought today are wrong. I have seen the system. Buy today below 1.2985 is correct. I will go ahead and buy it. In fact I started buying already.
More than 100 pips profit now. But unfortunately I am not at the PC. Can not close the trades.
Intraday only.
  • #462,600
  • Jul 20, 2018 8:05am Jul 20, 2018 8:05am
Quoting navk
{quote} More than 100 pips profit now. But unfortunately I am not at the PC. Can not close the trades.
its ok mate
maybe on monday you can gets more
just for a cup of coffee...
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