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Cable Update (GBPUSD)

  • #536,001
  • Jul 16, 2020 11:17am Jul 16, 2020 11:17am
Quoting ChiForex
Exited my GU long for 100 pips profit and entered short at 1.2622 for a return toward 1.2590 and possibly 1.2570. Although a daily close above 1.2630 will be very bullish.
What is your stop if i may ask?
  • #536,002
  • Jul 16, 2020 11:26am Jul 16, 2020 11:26am
adr today way above average 106 vs 84
retrenchment is require
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eu is at weekly r2 , dx can't go down from here
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yes yes yes
  • #536,003
  • Jul 16, 2020 11:32am Jul 16, 2020 11:32am
Current momentum failed to take the beast out of limits. Market has weakness waiting at 1.264xx as per the current price action on H1 and m30 is concerned. Let's see how the h4 candles closes. If it closes a bearish pin bar then the next bar can be a bearish hammer.

TW
WARNING: This post warps space and time in its vicinity.
  • #536,004
  • Jul 16, 2020 11:34am Jul 16, 2020 11:34am
Quoting U-Dee
Hello all... I am a newbie. I would like to learn about forex. I hope I can learn a lot with you all... Thank you so much.
do you check babypips.com ?
god speed..long journey a head
  • #536,005
  • Jul 16, 2020 11:36am Jul 16, 2020 11:36am
Quoting FXPraga
{quote} do you check babypips.com ?
EXACTLY BRO. And also get someone to mentor you.
  • #536,006
  • Jul 16, 2020 11:41am Jul 16, 2020 11:41am
Quoting FXPraga
{quote} do you check babypips.com ?
Yes
  • #536,007
  • Jul 16, 2020 11:43am Jul 16, 2020 11:43am
As it stands, 186 pips range so far this week (1.2665 - 1.2479) which is yet to match the minimum weekly range in the last 15 weeks being 211 pips range that took place last week.

Either this current high 1.2665 or current low 1.2479 will have to break to match at least 211 pips range being the expected weekly minimum.

This expected minimum range for this week makes a case for 1.2454 or 1.2690 levels. The big questions are which of these two levels will be attained? Or will this week have a new record minimum range below 200 pips considering last week range also fell below the 221 pips minimum weekly range of the previous 14 weeks?

If this week is to have a weekly range below 200 pips, it means these levels 1.2479 - 1.2665 will be left unbroken. This scenario looks very unlikely and that comes down to the first question 1.2454 or 1.2690 to happen this week.

Pay special attention to today's close .. if today closes at 1.26 level then that increases the chance of attaining 1.2690 tomorrow or if today closes around 1.2575 level it increases the chance of 1.2454 tomorrow.
Data + Stat + Risk/Emotions Management
  • #536,008
  • Jul 16, 2020 11:50am Jul 16, 2020 11:50am
Quoting Georginson
As it stands, 186 pips range so far this week (1.2665 - 1.2479) which is yet to match the minimum weekly range in the last 15 weeks being 211 pips range that took place last week. Either this current high 1.2665 or current low 1.2479 will have to break to match at least 211 pips range being the expected weekly minimum. This expected minimum range for this week makes a case for 1.2454 or 1.2690 levels. The big questions are which of these two levels will be attained? Or will this week have a new record minimum range below 200 pips considering last...
good post for Friday
Intraday only.
  • #536,009
  • Jul 16, 2020 11:52am Jul 16, 2020 11:52am
Quoting navk
{quote} good post for Friday
Thanks mate.
Data + Stat + Risk/Emotions Management
  • #536,010
  • Jul 16, 2020 11:52am Jul 16, 2020 11:52am
Quoting Amelonro
{quote} EXACTLY BRO. And also get someone to mentor you.
That's what I'm looking for,bro....
So I join to this group and hoping that you all can mentor me...
  • #536,011
  • Edited 12:21pm Jul 16, 2020 11:57am | Edited 12:21pm
my turn
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yes yes yes
  • #536,012
  • Jul 16, 2020 11:59am Jul 16, 2020 11:59am
tp still at 1.25700 almost there
  • #536,013
  • Jul 16, 2020 11:59am Jul 16, 2020 11:59am
Quoting Georginson
Nothing changes ... Bearish below 1.2669. still aim 1.2470 target only break of 1.2669 will invalidate this level for short term .
Please, I'm a bit curious, what's your pip target for your current short trade
  • #536,014
  • Jul 16, 2020 12:02pm Jul 16, 2020 12:02pm
Nice rejection at 78.6 fibo on m30, let's see how today closes
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WARNING: This post warps space and time in its vicinity.
  • #536,015
  • Jul 16, 2020 12:09pm Jul 16, 2020 12:09pm
Quoting U-Dee
{quote} That's what I'm looking for,bro.... So I join to this group and hoping that you all can mentor me...
Just remember there are alot of Egos on this site that will try to convince you they have it all figured out.
After a while you will be able to see who is trading and who is gambling.
Trust your common sense. Dont let anyone lead you astray.
in wondering about yourself, you forgot what you came here to be part of
  • #536,016
  • Jul 16, 2020 12:15pm Jul 16, 2020 12:15pm
only the patience can trade fx..


not all trade worth it sometime we are just lucky......to get a sure entry that u are so confidence is is very rare

if you are new to fx all you need is patience and Good MM

sometime market just move up or down and u start to question the chart what is going on.
MY OPINION NOT FINANCIAL ADVISE
  • #536,017
  • Jul 16, 2020 12:18pm Jul 16, 2020 12:18pm
Quoting donfriday
only the patience can trade fx.. not all trade worth it sometime we are just lucky......to get a sure entry that u are so confidence is is very rare if you are new to fx all you need is patience and Good MM sometime market just move up or down and u start to question the chart what is going on.
agreed:
Money Mangement
Risk Management
Stop Management
in wondering about yourself, you forgot what you came here to be part of
  • #536,018
  • Jul 16, 2020 12:19pm Jul 16, 2020 12:19pm
who knows of any tools/EA i can use in editing all my TP and stop loss all at once? e.g When i edit one of the 5 trades the rest of the 4 will follow Automatically. Thank you
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #536,019
  • Jul 16, 2020 12:22pm Jul 16, 2020 12:22pm
Quoting knkie
{quote} Just remember there are alot of Egos on this site that will try to convince you they have it all figured out. After a while you will be able to see who is trading and who is gambling. Trust your common sense. Dont let anyone lead you astray.
Thank you for your advice, Knkie... I really appreciate it.
  • #536,020
  • Jul 16, 2020 12:23pm Jul 16, 2020 12:23pm
Quoting martinez1
who knows of any tools/EA i can use in editing all my TP and stop loss all at once? e.g When i edit one of the 5 trades the rest of the 4 will follow Automatically. Thank you
MT4 Multi terminal - it can edit upto 200 orders at a time including modification of SL and TPs
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