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Cable Update (GBPUSD)

  • #532,581
  • Jul 2, 2020 6:18am Jul 2, 2020 6:18am
long again
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yes yes yes
  • #532,582
  • Jul 2, 2020 6:19am Jul 2, 2020 6:19am
Attached Image (click to enlarge)
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mmm ???? Start to look for anything to support thinking
  • #532,583
  • Jul 2, 2020 6:19am Jul 2, 2020 6:19am
Quoting Moty
long again {image} {image}
What is that indicator on the upper left of the screen and what is it based on?
  • #532,584
  • Jul 2, 2020 6:26am Jul 2, 2020 6:26am
Quoting Scotteyy
{quote} What is that indicator on the upper left of the screen and what is it based on?
i got it from a friend ,i realy gon't know what is it based on.
i belive it got to be something about cross of 2 emas
yes yes yes
  • #532,585
  • Jul 2, 2020 6:28am Jul 2, 2020 6:28am
Quoting Moty
long again {image} {image}
for me, I will not take action before US news, high impact is coming and don't know where price will go.
  • #532,586
  • Jul 2, 2020 6:30am Jul 2, 2020 6:30am
Quoting Moty
{quote} i got it from a friend ,i realy gon't know what is it based on. i belive it got to be something about cross of 2 emas
Ahh could be cross on MA's on multiple timeframes I assume.
  • #532,587
  • Jul 2, 2020 6:41am Jul 2, 2020 6:41am
Quoting WhipKream
{quote} nice trades, so much for hiding P/L lol
sorry I never saw this, I only scribble out as people don't wanna see figures, rather show pips and positions, that's why 90% of my screenshots are positions only. think it discourages people, seeing bigger numbers or having losses and someone makes a hundred, k or whatever hits me time to time.

sorry.


Joe
  • #532,588
  • Jul 2, 2020 6:44am Jul 2, 2020 6:44am
Quoting Georginson
Now for July... (Price at 1.2475 as at time of typing) The expected range for July is between 420 - 600 pips... Now expect projected 100 - 210 pips above the opening price in July... July 2020 opening price being 1.2399 + 100/210 pips = 1.2499/1.2609 now expect projected 300 - 450 pips below the opening price in July... July 2020 opening price being 1.2399 - 300/450 pips = 1.2099. 1.1959 IN SUMMARY... July 2020 Possible High = 1.2499/1.2609 July 2020 possible Low = 1.2099/1.1949 Verdict... First Swing sell from 1.2500... Target 1.2000 Second Swing...
Work with this for July...
Data + Stat + Risk/Emotions Management
  • #532,589
  • Jul 2, 2020 6:45am Jul 2, 2020 6:45am
Quoting Georginson
I did state earlier that as far as 1.2250 level holds, 1.2470 is imminent and possibility of 1.2520/1.2590 cannot be ruled out before some correction. This week range so far is 240 pips, which means minimum weekly range is already completed... Average/probable weekly range Being 340 pips... 1.2250 (weekly low) + 340 pips = 1.2590 Most repeated weekly range Being 270 pips... 1.2250 (weekly low) + 270 pips = 1.2520 Which means weekly possible high to be 1.2520/1.2590 Weekly current low is 1.2250 In summary 70% risk is already completed at 1.2490,...
Work with this for THIS WEEK...
Data + Stat + Risk/Emotions Management
  • #532,590
  • Edited 7:05am Jul 2, 2020 6:46am | Edited 7:05am
eg is a crazy pair , from weekly r2 to weekly s2
the drop is coming , and the spike is coming in the gu
Attached Image (click to enlarge)
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pull back to the crooks wick
Attached Image (click to enlarge)
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yes yes yes
  • #532,591
  • Jul 2, 2020 7:14am Jul 2, 2020 7:14am
Quoting elbert3
{quote} False breakout?? Action taken
took, 10 pips and hands free.

had a nap and feel fresh now
Intraday only.
  • #532,592
  • Jul 2, 2020 7:14am Jul 2, 2020 7:14am
Quoting joesherwood
{quote} sorry I never saw this, I only scribble out as people don't wanna see figures, rather show pips and positions, that's why 90% of my screenshots are positions only. think it discourages people, seeing bigger numbers or having losses and someone makes a hundred, k or whatever hits me time to time. sorry. Joe
no need to apologize, just funny is all
  • #532,593
  • Jul 2, 2020 7:15am Jul 2, 2020 7:15am
Time to play the game
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #532,594
  • Jul 2, 2020 7:17am Jul 2, 2020 7:17am
once cable close below 1.2490 it will open the door for 1.2450 & 1.2390 then rising up again
  • #532,595
  • Jul 2, 2020 7:18am Jul 2, 2020 7:18am
Just back at the desk after a break and can see a nice pullback off the current daily hi caught by 5min bullish hidden div - retest of the highs - and another deeper pullback caught by 10/15min bullish hidden div....was away from desk for all of that - so a case of shoulda woulda coulda lol !

1330pm London and the NFP circus is in town.....hope it's a big number either way so market moves violently - like the old days for those that were around then. Added /renewed importance to these numbers in this covid/post covid world - as the case may be.

2543 that last LH on daily must be bulls 1st target? Whereas for bears - 50 % fib of the move up from 2251-2526 @ 2389 would put a dent in this 1hr/2hr/4hr uptrend. 97% of 13 week awr travelled so far this week....54% of 30 day adr so far today.
Trader with an Edge.
  • #532,596
  • Jul 2, 2020 7:24am Jul 2, 2020 7:24am
Still long.

What I expected Cable to do last week, when I said it was likely to take many by surprise, it is actually doing this week. It probably has another couple days of this

It is potentially replaying a vignette of past action. See if you can spot it on the charts and you win a year's supply of yellow pufferfish for your aquarium
  • #532,597
  • Jul 2, 2020 7:28am Jul 2, 2020 7:28am
1.25 will hold
up up and away we to 1.25700
yes yes yes
  • #532,598
  • Jul 2, 2020 7:33am Jul 2, 2020 7:33am
Quoting harold1
what are your takes on nfp and other high impact news for USD?
https://www.fxstreet.com/analysis/no...n-202007020840
Patience and Discipline.
  • #532,599
  • Jul 2, 2020 7:37am Jul 2, 2020 7:37am
thinking to short now 1.2526 SL 24pips around 1.2550 to target a possible retracement to 1.2425 or below
  • #532,600
  • Jul 2, 2020 7:44am Jul 2, 2020 7:44am
Quoting msniper
thinking to short now 1.2526 SL 24pips around 1.2550 to target a possible retracement to 1.2425 or below
3 times hit dailyr1...very strong res + good usd news

Retrace shall happen on the dollar
COT: The precious data ignored
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