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Cable Update (GBPUSD)

  • #533,481
  • Edited 8:03am Jul 7, 2020 7:52am | Edited 8:03am
...got the break - any sellers up to 2543?...above that the BOE Qe spike to 2549 on 1hr/2hr. We are right at the 50% of 2813-2251.
Trader with an Edge.
  • #533,482
  • Jul 7, 2020 7:53am Jul 7, 2020 7:53am
Woopie doo
  • #533,483
  • Jul 7, 2020 7:55am Jul 7, 2020 7:55am
Still waiting...
  • #533,484
  • Jul 7, 2020 7:59am Jul 7, 2020 7:59am
Quoting Marcieny
It looks like it will be another consolidated month.
Slow start to the month... Something is brewing. Look out for price reaction at 1.2550/1.2609 level. 1.22/1.21 level will likely serve as possible monthly lows as far as 1.2609 is unbroken. Swing sell for me from 1.25/1.26 levels for me targeting 1.22/1.21 levels this July.
Data + Stat + Risk/Emotions Management
  • #533,485
  • Jul 7, 2020 8:00am Jul 7, 2020 8:00am
flip to the other side ?
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 56 KB
yes yes yes
  • #533,486
  • Jul 7, 2020 8:01am Jul 7, 2020 8:01am
Quoting Georginson
{quote} Slow start to the month... Something is brewing. Look out for price reaction at 1.2550/1.2609 level. 1.22/1.21 level will likely serve as possible monthly lows as far as 1.2609 is unbroken. Swing sell for me from 1.25/1.26 levels for me targeting 1.22/1.21 levels this July.
Holiday Summer season. I expect subdued markets for the next 8 weeks. May be worth not trading until september.. unlikely to see any moves much more than 100 pips in a day
  • #533,487
  • Jul 7, 2020 8:03am Jul 7, 2020 8:03am
Quoting Moty
flip to the other side ? {image}
2550 is head resistance.

But ADR is still not achieved yet.
Intraday only.
  • #533,488
  • Jul 7, 2020 8:06am Jul 7, 2020 8:06am
Not sure this has the juice to push behind this resistance. 1.2545. Going to wait to see what happens..
Don't trade what you think. Just what you see!!!
  • #533,489
  • Jul 7, 2020 8:09am Jul 7, 2020 8:09am
Quoting mkvy
{quote} Holiday Summer season. I expect subdued markets for the next 8 weeks. May be worth not trading until september.. unlikely to see any moves much more than 100 pips in a day
Most Julys are subdued with average monthly range of 400 pips. There will be some odd days of wild movements ahead, it will be a dramatic July of surprises.
Data + Stat + Risk/Emotions Management
  • #533,490
  • Jul 7, 2020 8:09am Jul 7, 2020 8:09am
taking my first short at 2530.
Intraday only.
  • #533,491
  • Jul 7, 2020 8:09am Jul 7, 2020 8:09am
Quoting Moty
flip to the other side ? {image}
should test 1250 area before new highs
  • #533,492
  • Jul 7, 2020 8:12am Jul 7, 2020 8:12am
to me 2550 today.

then a pull back to 2500.

Tomorrow 2500 to 2600.

Numbers approximate.

I want to see the daily close today
Intraday only.
  • #533,493
  • Jul 7, 2020 8:12am Jul 7, 2020 8:12am
...currently only a 29.04% chance of see-ing the 30 day adr of 123pips based on the last 365 days - but this doesn't mean it won't happen.
Trader with an Edge.
  • #533,494
  • Jul 7, 2020 8:13am Jul 7, 2020 8:13am
Quoting Georginson
{quote} Slow start to the month... Something is brewing. Look out for price reaction at 1.2550/1.2609 level. 1.22/1.21 level will likely serve as possible monthly lows as far as 1.2609 is unbroken. Swing sell for me from 1.25/1.26 levels for me targeting 1.22/1.21 levels this July.
yes .. I'm still waiting, 1.25900 has resistance there, if the price get there, these currencies are in steps of
I'm waiting for the price reaction to watch....
  • #533,495
  • Jul 7, 2020 8:14am Jul 7, 2020 8:14am
Quoting Marcieny
{quote} yes .. I'm still waiting, 1.25900 has resistance there, if the price get there, these currencies are in steps of I'm waiting for the price reaction to watch....
you are waiting for too long time without a trade.

Intraday only.
  • #533,496
  • Jul 7, 2020 8:14am Jul 7, 2020 8:14am
Quoting Georginson
{quote} Most Julys are subdued with average monthly range of 400 pips. There will be some odd days of wild movements ahead, it will be a dramatic July of surprises.
Good work!!
Don't trade what you think. Just what you see!!!
  • #533,497
  • Jul 7, 2020 8:15am Jul 7, 2020 8:15am
Quoting Headland
{quote} bullishly engulfing the range - could be instructive ?
engulfing, but in the range of other candles, i prefer engulfing from levels, or in the void, or...just doesn't look right, nice this engulfing
  • #533,498
  • Jul 7, 2020 8:15am Jul 7, 2020 8:15am
Inserted Video
not euphoria follower
  • #533,499
  • Jul 7, 2020 8:15am Jul 7, 2020 8:15am
Quoting navk
{quote} you are waiting for too long time without a trade.
Hahaha

and that waiting time can make up for good opportunities.
  • #533,500
  • Jul 7, 2020 8:20am Jul 7, 2020 8:20am
Quoting Marcieny
{quote} Hahaha and that waiting time can make up for good opportunities.
in this waiting time, I can blow at least 3 to 4 accounts.

ha..ha...

so take a trade right now, And be with me.

Intraday only.
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