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Cable Update (GBPUSD)

  • #535,441
  • Jul 14, 2020 11:52am Jul 14, 2020 11:52am
Quoting Bones
{quote} {image}
keeping this pattern on my screen for ages, hopefully, it will play out soon...https://www.forexfactory.com/showthr...3040801...nice job Bones as always
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Always trade your own plan...I don't provide trading signals.
  • #535,442
  • Jul 14, 2020 11:54am Jul 14, 2020 11:54am
Sell high. 1.24530 calling.
Keep the Lights on then you can catch the rise from the dark.
  • #535,443
  • Jul 14, 2020 12:00pm Jul 14, 2020 12:00pm
waiting for new hourly low
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yes yes yes
  • #535,444
  • Jul 14, 2020 12:12pm Jul 14, 2020 12:12pm
Ladies and Gentlemen! The retracement is done for now. Dip starting again. Trade safe. Holding my shorts and added more at 1.255

cheers
WARNING: This post warps space and time in its vicinity.
  • #535,445
  • Jul 14, 2020 12:18pm Jul 14, 2020 12:18pm
Quoting Moty
waiting for new hourly low {image}
Moty! Keep it up mate. You are doing good. Dance with the price.
WARNING: This post warps space and time in its vicinity.
  • #535,446
  • Jul 14, 2020 12:21pm Jul 14, 2020 12:21pm
Quoting morfes2
{quote} https://youtu.be/amiVl4u54B8
Inserted Video
  • #535,447
  • Jul 14, 2020 12:33pm Jul 14, 2020 12:33pm
Be an easy sell tomorrow morning when inflation news comes out.
  • #535,448
  • Jul 14, 2020 12:37pm Jul 14, 2020 12:37pm
Quoting Scotteyy
Be an easy sell tomorrow morning when inflation news comes out.
unless price has flipped and the buying continues.
keep an open mind scottey
in wondering about yourself, you forgot what you came here to be part of
  • #535,449
  • Jul 14, 2020 12:39pm Jul 14, 2020 12:39pm
another buy
M15 this time
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in wondering about yourself, you forgot what you came here to be part of
  • #535,450
  • Jul 14, 2020 12:41pm Jul 14, 2020 12:41pm
Quoting knkie
{quote} unless price has flipped and the buying continues. keep an open mind scottey
True I guess we'll see but no doubt the inflation rates going to be awful.
  • #535,451
  • Jul 14, 2020 12:47pm Jul 14, 2020 12:47pm
Quoting Scotteyy
{quote} True I guess we'll see but no doubt the inflation rates going to be awful.
wouldn't that have already been priced in then?
in wondering about yourself, you forgot what you came here to be part of
  • #535,452
  • Jul 14, 2020 12:52pm Jul 14, 2020 12:52pm
what low inflation? focus its on $ anyway maybe

Quoting Scotteyy
{quote} True I guess we'll see but no doubt the inflation rates going to be awful.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #535,453
  • Jul 14, 2020 12:53pm Jul 14, 2020 12:53pm
Max GU can go till weekly pivot @1.258xx region then down by tomorrow NY session.
WARNING: This post warps space and time in its vicinity.
  • #535,454
  • Jul 14, 2020 12:55pm Jul 14, 2020 12:55pm
Quoting knkie
{quote} wouldn't that have already been priced in then?
Possibly, but considering we've been in an uptrend for past couple of weeks it may cause what could be a correction into a reversal into a longer downtrend. Anyway I'm a noob just playing with possibilities.
  • #535,455
  • Jul 14, 2020 12:56pm Jul 14, 2020 12:56pm
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yes yes yes
  • #535,456
  • Jul 14, 2020 12:57pm Jul 14, 2020 12:57pm
Quoting Bones
what low inflation? focus its on $ anyway maybe {quote}
I'd guess so, we've had no spending for the past few months. US inflation rate improved today, I don't see that being the case for the long run but seens as there lockdown was such a farce their economic data looks good.
  • #535,457
  • Jul 14, 2020 1:05pm Jul 14, 2020 1:05pm
Quoting Bones
what low inflation? focus its on $ anyway maybe {quote}
I guess the next 6 months will be a dollar play indeed

But at this point, we'd need to watch out what equities and commodities are doing. A correction should help the dollar
If equities keep rising, dollar may decrease to help the rise
COT: The precious data ignored
  • #535,458
  • Jul 14, 2020 1:13pm Jul 14, 2020 1:13pm
Quoting Scotteyy
{quote} Possibly, but considering we've been in an uptrend for past couple of weeks it may cause what could be a correction into a reversal into a longer downtrend. Anyway I'm a noob just playing with possibilities.
dude your not a noob. :0
In fact, ive seen you develop into a very good trader on this thread so stick with your style and plan !

I dont follow fundamentals at all.
I try to ride momentum waves. Which means i never predict but just jump on board.

We all have our own style and timeframes. There is no right or wrong really.

if i look at the daily, i see price broke the downward TL and at some point has to make a HL.
So perhaps that is happening now in the square.
If not we go down further.
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in wondering about yourself, you forgot what you came here to be part of
  • #535,459
  • Jul 14, 2020 1:15pm Jul 14, 2020 1:15pm
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yes yes yes
  • #535,460
  • Jul 14, 2020 1:23pm Jul 14, 2020 1:23pm
Quoting knkie
{quote} dude your not a noob. :0 In fact, ive seen you develop into a very good trader on this thread so stick with your style and plan ! I dont follow fundamentals at all. I try to ride momentum waves. Which means i never predict but just jump on board. We all have our own style and timeframes. There is no right or wrong really. if i look at the daily, i see price broke the downward TL and at some point has to make a HL. So perhaps that is happening now in the square. If not we go down further. {image}
Thank you that's appreciated, I am still very new to the game though. Only just hit break-even . I tend to use fundamentals to create my bias, even though it's probably best not to have a bias, I subconsciously have one anyway so I would rather it be supported by something. Currently studying economics so I'd like to put what I'm learning into use in some way. The triple top makes me think there's more downside to come but we shall see!
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