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Cable Update (GBPUSD)

  • #485,141
  • Jul 16, 2019 10:33am Jul 16, 2019 10:33am
Quoting Theoak
{quote} I've got a name for Carney. Must think of one for powell!!!
Pied Piper - Powell
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Don't trade what you think. Just what you see!!!
  • #485,142
  • Jul 16, 2019 10:33am Jul 16, 2019 10:33am
hourly chart.

last 2 days.
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Intraday only.
  • #485,143
  • Jul 16, 2019 10:35am Jul 16, 2019 10:35am
Quoting Marcieny
{quote} Many Thanks.
How was your break - kidda???
Don't trade what you think. Just what you see!!!
  • #485,144
  • Jul 16, 2019 10:42am Jul 16, 2019 10:42am
Quoting Theoak
{quote} How was your break - kidda???
I'm great ... This month is my birthday and I'll probably be doing what I love most on the 23rd that is trading, and on that day I will complete my 1 year of much, much, much learning.

I just have gratitude...
  • #485,145
  • Jul 16, 2019 10:48am Jul 16, 2019 10:48am
Quoting Marcieny
{quote} I'm great ... This month is my birthday and I'll probably be doing what I love most on the 23rd that is trading, and on that day I will complete my 1 year of much, much, much learning. I just have gratitude...
Trading/investing is the best job ever
COT: The precious data ignored
  • #485,146
  • Jul 16, 2019 10:49am Jul 16, 2019 10:49am
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  • #485,147
  • Jul 16, 2019 10:58am Jul 16, 2019 10:58am
Quoting kuroro001
{quote} Trading/investing is the best job ever
I agree with you...and especially when you do what you love.

I just wanted to not be in the same place as last year... I evolved ....

"Where you invest your love you invest your life."

..
  • #485,148
  • Jul 16, 2019 11:13am Jul 16, 2019 11:13am
Quoting Marcieny
{quote} I agree with you...and especially when you do what you love. I just wanted to not be in the same place as last year... I evolved .... "Where you invest your love you invest your life." ..
Yes miss !
COT: The precious data ignored
  • #485,149
  • Jul 16, 2019 11:19am Jul 16, 2019 11:19am
Quoting Georginson
We might look back at this day 16th July, 2019 as the day low for 2019 (1.2395) was formed on GBPUSD. bears have had a torrid time since May. If your equity can tolerate 1.2350 then enjoy the ride to 1.2700 before August 2019.
What is your view on EUR GBP please
sell strength in falling markets, and buy weakness in rising markets.
  • #485,150
  • Jul 16, 2019 11:19am Jul 16, 2019 11:19am
though signal not present still test long taken everytime it make new lows to catch some correction at least , signal 2437 for target above 2472. lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #485,151
  • Jul 16, 2019 11:22am Jul 16, 2019 11:22am
Quoting impunctual20
were any of u trading gbp/usd the day of referendum? when it dropped 1800 pips in a day? No deal brexit could do the same to GBP later this year .
It has already priced in
sell strength in falling markets, and buy weakness in rising markets.
  • #485,152
  • Jul 16, 2019 11:25am Jul 16, 2019 11:25am
Stops to 2407 now
  • #485,153
  • Jul 16, 2019 11:27am Jul 16, 2019 11:27am
Hi Guys, yesterday and the day before I was caught out by the market with my strat. Took 90 pips loss with Gu in total including my trades that were in in profit. It is no great loss to me as I diversify my strategy. Congrats to all of you that sold Gu. I am regrouping and I counted my successful swing trades in a row at 9 and as they say, a cat has nine lives and after 9 successful swing trades I got killed on the 10th. Gu has not been an easy pair to trade and nothing of this down move makes sense to me at the moment and more specifically EurGbp going to highs of January this year and near highs of 2016 and 2017. I am regrouping and will take this in going into Thursday and more specifically from the 20th of this month. I have bought just above 1.2400 and will lock in my trade as soon as I can. I still have an up signal but will leave it at that for now.

All the best.
Cheers
Trade to trade another day
  • #485,154
  • Jul 16, 2019 11:32am Jul 16, 2019 11:32am
Quoting Wavegarrick
Hi Guys, yesterday and the day before I was caught out by the market with my strat. Took 90 pips loss with Gu in total including my trades that were in in profit. It is no great loss to me as I diversify my strategy. Congrats to all of you that sold Gu. I am regrouping and I counted my successful swing trades in a row at 9 and as they say, a cat has nine lives and after 9 successful swing trade I got killed on the 10th. Gu has not been an easy pair to trade and nothing of this down move makes sense to me at the moment and more specifically EurGbp...
i am hold eurgbp short Wavegarrick

https://news.sky.com/story/team-bori...rexit-11764347
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  • #485,155
  • Jul 16, 2019 11:42am Jul 16, 2019 11:42am
Quoting thisara1
{quote} i am hold eurgbp short Wavegarrick https://news.sky.com/story/team-bori...rexit-11764347 {image} {image}
Excellent Thisara. You sold at a good price. Hold thumbs for you on this one.
Cheers
Trade to trade another day
  • #485,156
  • Jul 16, 2019 11:49am Jul 16, 2019 11:49am
Quoting Wavegarrick
Hi Guys, yesterday and the day before I was caught out by the market with my strat. Took 90 pips loss with Gu in total including my trades that were in in profit. It is no great loss to me as I diversify my strategy. Congrats to all of you that sold Gu. I am regrouping and I counted my successful swing trades in a row at 9 and as they say, a cat has nine lives and after 9 successful swing trades I got killed on the 10th. Gu has not been an easy pair to trade and nothing of this down move makes sense to me at the moment and more specifically EurGbp...
I dont see any sense whatsoever. I guess they are shorting following the pattern. In London session there arent technicals and fundamentals in eurgbp, just short the pound no matter what. However once a correction come it will heavily load GU. Cheers.
  • #485,157
  • Jul 16, 2019 11:50am Jul 16, 2019 11:50am
i remember unce mr powell lonch the gu 100 pips up .
can i get taht one more time please
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yes yes yes
  • #485,158
  • Edited 12:12pm Jul 16, 2019 11:53am | Edited 12:12pm
Quoting Wavegarrick
Hi Guys, yesterday and the day before I was caught out by the market with my strat. Took 90 pips loss with Gu in total including my trades that were in in profit. It is no great loss to me as I diversify my strategy. Congrats to all of you that sold Gu. I am regrouping and I counted my successful swing trades in a row at 9 and as they say, a cat has nine lives and after 9 successful swing trades I got killed on the 10th. Gu has not been an easy pair to trade and nothing of this down move makes sense to me at the moment and more specifically EurGbp...

Sorry to hear that bud - I thought you had a 30 pip stop loss. What happened?
Don't trade what you think. Just what you see!!!
  • #485,159
  • Edited 12:08pm Jul 16, 2019 11:57am | Edited 12:08pm
Quoting Theoak
{quote} Pied Piper - Powell {image}
Come on Pied Piper - Interest rate cut. BINGO
Don't trade what you think. Just what you see!!!
  • #485,160
  • Jul 16, 2019 12:21pm Jul 16, 2019 12:21pm
Quoting Theoak
{quote} I thought you put a 30 pip stop loss on! What did you do chase the dragon!!
Hi Theoak,
My trades had a 30 pip s/loss and as I said in an earlier post that it would be important for Gu to hold and close the day above 1.25296 for me to consider these trades as valid. I intervened manually yesterday with price closing below 1.25296. Anyway no excuses, done and dusted I took the loss and I move on. Hope I answered you.
Quote
Am getting a buy signal as per my 4hr time frame. It is important for my weekly pivot at 1.25296 to hold today, started adding buy trades just below and above. S/loss 30 pips.
Cheers.
.
Trade to trade another day
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