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Cable Update (GBPUSD)

  • #532,881
  • Jul 3, 2020 7:28am Jul 3, 2020 7:28am
Quoting Georginson
{quote} Losses can be excruciating and difficult to manage. I did lose for 11 years and yet kept learning more ways not trade the forex market... Then positive changes started occurring when I took the steps stated below... SPECIALIZATION:- Pick one currency pair and do thorough research on it. Specialization increases accuracy and competence. CLARITY OF PLAN:- Plan trade level ahead of time, do not be reactionary to prices, be anticipatory of prices. Without clarity of plan, these fluctuations will shake your psychological balance. DIVERSIFY YOUR...
Nicely put!
Patience and Discipline.
  • #532,882
  • Jul 3, 2020 7:29am Jul 3, 2020 7:29am
Quoting Almo2312
{quote} Now,this is great post . Well done .
Thanks
Data + Stat + Risk/Emotions Management
  • #532,883
  • Jul 3, 2020 7:30am Jul 3, 2020 7:30am
Quoting Stefan90csk
{quote} Nicely put!
Thanks
Data + Stat + Risk/Emotions Management
  • #532,884
  • Jul 3, 2020 7:54am Jul 3, 2020 7:54am
The US Bank Holiday has killed all the markets. There is no movement anyway!!!
Don't trade what you think. Just what you see!!!
  • #532,885
  • Jul 3, 2020 7:55am Jul 3, 2020 7:55am
welcome weekend, markets seems to be drinking already and started its weekend early. bye for now... lets be profitable again nextweek....
PATIENCE AND DISCIPLINE!
  • #532,886
  • Jul 3, 2020 7:58am Jul 3, 2020 7:58am
Just back at desk to update supp/res charts and maybe see how it is for an hour or so although I didn't miss much by the look of it. Range still at 49pips today and bouncing between that prev 1hr 1hr/2hr/4hr sw lo now - at top of that prev 1hr/2hr/4hr sw hi that extends down to 2429/30 - and the bottom 1/2 of the asian session range....looking very 'wicky' on 1hr/2hr at the bottom there as we await the 1hr/2hr and here - 4hr close in a couple of minutes. 1hr below.
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Trader with an Edge.
  • #532,887
  • Jul 3, 2020 8:08am Jul 3, 2020 8:08am
ARE YOY READY ?
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yes yes yes
  • #532,888
  • Jul 3, 2020 8:12am Jul 3, 2020 8:12am
...rising support but horizontal resistance in last few hours - or is this another 'fake ?'
Trader with an Edge.
  • #532,889
  • Jul 3, 2020 8:21am Jul 3, 2020 8:21am
switched to long .
the bulls are still strong .
price is above the 50 ema band
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yes yes yes
  • #532,890
  • Jul 3, 2020 8:26am Jul 3, 2020 8:26am
Quoting Moty
switched to long . the bulls are still strong . price is above the 50 ema band {image}
Just when my longs were looking better...
Patience and Discipline.
  • #532,891
  • Jul 3, 2020 8:27am Jul 3, 2020 8:27am
Quoting Moty
switched to long . the bulls are still strong . price is above the 50 ema band {image}
Not yet as long as the 1.248xx level is intact, the market is short.

IMHO

TW
WARNING: This post warps space and time in its vicinity.
  • #532,892
  • Jul 3, 2020 8:38am Jul 3, 2020 8:38am
GBPUSD
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  • #532,893
  • Jul 3, 2020 8:38am Jul 3, 2020 8:38am
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mmmmm
  • #532,894
  • Jul 3, 2020 8:47am Jul 3, 2020 8:47am
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yes yes yes
  • #532,895
  • Jul 3, 2020 8:47am Jul 3, 2020 8:47am
...there is reg bullish div at today's current lo 5min - 1hr but no bullish hidden div on 2hr or 4hr there which may come about lower down if seen.
Trader with an Edge.
  • #532,896
  • Jul 3, 2020 8:51am Jul 3, 2020 8:51am
Quoting OnlineAddict
{quote} Maybe today should be looked at as monday. The major news we had yesterday, would be friday news, if it wasn't a holiday weekend. The PA also looked like typical friday PA...so today is a slow monday then.
I totally agree with you. I missed the big break and the market has been so frustrating. I placed a 0.01 sell order @ 1.2449 and it's still not working out. But it's all good
  • #532,897
  • Jul 3, 2020 8:55am Jul 3, 2020 8:55am
i bought new hourly high
look at those 2 red engulfing candles , look like there porpase is to trap seller , more then real sellers coming in
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yes yes yes
  • #532,898
  • Jul 3, 2020 8:57am Jul 3, 2020 8:57am
...someone's selling at 63's. Only one trade for me so far this U.k pm and a b/e (the 2nd pullback from 63 and a bounce off y/day lo as 1min bull hidden div caught it) ...nothing more in next 1/2hr and I'll call it a day/week. 2hr below.
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Trader with an Edge.
  • #532,899
  • Jul 3, 2020 8:59am Jul 3, 2020 8:59am
Quoting Moty
i bought new hourly high look at those 2 red engulfing candles , look like there porpase is to trap seller , more then real sellers coming in {image}
why will you even make such mistake, are you trading of chasing candlestick?
  • #532,900
  • Jul 3, 2020 9:15am Jul 3, 2020 9:15am
...it was a classic rising wedge thingy on the lower t/f's - a 1st b/o and then the hidden div to get long but I bailed on it too early.....testing top of that 1st 5min pullback hi after buying up from today's current lo now...I'm done....it may be more interesting to go and watch paint dry ? Happy I had a look at least though. It was certainly a scalper's market during my trading session (s) today -price trapped between Dly pivot and Dly S1. G/L to the 'hardballers' who are sticking with it.
Trader with an Edge.
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