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Cable Update (GBPUSD)

  • #533,801
  • Jul 8, 2020 4:33am Jul 8, 2020 4:33am
in and TP 1.26xx
https://investizo.com/investment/view?server=1&login=2141779119
  • #533,802
  • Jul 8, 2020 4:33am Jul 8, 2020 4:33am
Quoting Moty
up up and away we go from here comformation , a break of last hourly high 1.25502 {image}
here moty.
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  • #533,803
  • Jul 8, 2020 4:35am Jul 8, 2020 4:35am
Quoting Georginson
{quote} You have got a great memory
I enjoyed watching the Pound rise, even if I was a little late to the party at 2460 area. Recovered the loss I took shorting a day earlier.
Compulsions can be hard to resist
  • #533,804
  • Jul 8, 2020 4:36am Jul 8, 2020 4:36am
Quoting Kimjoun
{quote} here moty. {image}
I am short, 1.21 for July too, but would be careful with the short now. First maybe there will be a retrace/recovery of this drop and who knows maybe a bit more as there is this channel running from 1.244. Sorry...writing from work no pics. Trade safe Boyz, read the confirmations.
A trader is as good as his stop loss. Understand your mistakes.
  • #533,805
  • Jul 8, 2020 4:36am Jul 8, 2020 4:36am
GBPUSD looks like a heavy sell to me. Just sold for the whole day.
  • #533,806
  • Jul 8, 2020 4:36am Jul 8, 2020 4:36am
Quoting gespiri
{quote} Generally, yes,.....but I'm worried about today and tomorrow. I see it trying to snap back to 1.2634.....we'll see.
If 1.2570's goes - it will continue higher (1.2610 being risk limit for shorts)
69
  • #533,807
  • Jul 8, 2020 4:37am Jul 8, 2020 4:37am
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yes yes yes
  • #533,808
  • Jul 8, 2020 4:38am Jul 8, 2020 4:38am
Quoting Moty
{image}
making money in forex takes time and patient , you were on a sell and saw good gains but refused to close and then again you entered a wrong buy and also saw good profit and still refused to close, now your fucked, make proper analysis before taking a trade
  • #533,809
  • Jul 8, 2020 4:39am Jul 8, 2020 4:39am
...bottom of that range/consolidation before the downside break or indeed the consolidation itself becomes the potential res on any retest from underside now. asc trend lines are close to the current daily lo on 1hr-4hr....Sunak speaking at 12.30pm London time I think ? After PMQ's ?
Trader with an Edge.
  • #533,810
  • Jul 8, 2020 4:40am Jul 8, 2020 4:40am
Quoting Student21
{quote} I am short, 1.21 for July too, but would be careful with the short now. First maybe there will be a retrace/recovery of this drop and who knows maybe a bit more as there is this channel running from 1.244. Sorry...writing from work no pics. Trade safe Boyz, read the confirmations.
on bigger timeframe, its 50/50. its stuck in the middle. i still favor short gu. since i hedging with buying gold.
  • #533,811
  • Jul 8, 2020 4:40am Jul 8, 2020 4:40am
Bought some now.

61.8 fibo level + 1.25100 + Gartley pattern + 15 min RSI getting oversold + DXY still within the down channel

TP @ 1.25750
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Patience and Discipline.
  • #533,812
  • Jul 8, 2020 4:41am Jul 8, 2020 4:41am
Still into selling mode, until its a buy...m30


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EDIT : h1/h4 bearish
COT: The precious data ignored
  • #533,813
  • Jul 8, 2020 4:43am Jul 8, 2020 4:43am
1.24894 is the the best target for bears atm, could take 2 h from now.
current hour below 1.2519 is make me more sure
  • #533,814
  • Jul 8, 2020 4:44am Jul 8, 2020 4:44am
i'm short
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SCALP WIN
  • #533,815
  • Jul 8, 2020 4:48am Jul 8, 2020 4:48am
Quoting kingegonw
sell at 2513, sl at 2500 first trade of the day
close the trade cause RSI were lower than 30
I'm new to here, if I have any mistake please tell me
  • #533,816
  • Jul 8, 2020 4:53am Jul 8, 2020 4:53am
Quoting kingegonw
{quote} close the trade cause RSI were lower than 30 I'm new to here, if I have any mistake please tell me
Hi there. First - your sl cannot be lower than your price since you are selling. Maybe you meant TP.

Second - you can use the RSI for reversals or to close a position, which in this case was a good decision.
Patience and Discipline.
  • #533,817
  • Jul 8, 2020 4:56am Jul 8, 2020 4:56am
why are you buying ?

answer :

possible bullish flag is being printed
bullish harmonic pattern
bullish divergence 1h chart

so of course i will go long
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  • #533,818
  • Jul 8, 2020 4:58am Jul 8, 2020 4:58am
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yes yes yes
  • #533,819
  • Jul 8, 2020 4:59am Jul 8, 2020 4:59am
Quoting Moty
{image}{image}
again moty... again.. same scenario for you. better re assess your entries and direction
PATIENCE AND DISCIPLINE!
  • #533,820
  • Jul 8, 2020 5:00am Jul 8, 2020 5:00am
You keep hating I keep winning
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Le$$ I$ More
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