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Cable Update (GBPUSD)

  • #536,361
  • Jul 17, 2020 11:34am Jul 17, 2020 11:34am
Quoting epzero
this isn't forex anymore, it's now scalping , up and down everyday smh
the first longs, which I took, hit my trailing stops, I was out with reasonable profit.

The second time I bought was very good signal.

But it is friday, so, this is enough.
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Intraday only.
  • #536,362
  • Jul 17, 2020 11:39am Jul 17, 2020 11:39am
Quoting navk
{quote} the first longs, which I took, hit my trailing stops, I was out with reasonable profit. The second time I bought was very good signal. But it is friday, so, this is enough. {image}
Good job mate
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  • #536,363
  • Jul 17, 2020 11:41am Jul 17, 2020 11:41am
Quoting MoneyZilla
Today, they will probably keep it difficult for everyone, my guess is... Fri will probably be a tight 60-80 pips HL... {image}

Maybe a miracle will happen and today's daily 60 pips (2510-2570), so far, will become 80 (2510-2590)?
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Maadik Hugiis. IQ 69.
  • #536,364
  • Jul 17, 2020 11:45am Jul 17, 2020 11:45am
Quoting Moty
Let's go dx , come back above 96 , papa need new shoes
Moty, just in case keep the old one for a while...
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Always trade your own plan...I don't provide trading signals.
  • #536,365
  • Jul 17, 2020 11:46am Jul 17, 2020 11:46am
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...
Now another lowest weekly range of 186 pips so far this week. Price has broken neither the weekly high (1.2665) nor the weekly low (1.2479) which makes a case for dwindling volume. Last week range was 211 pips which was the lowest in the last 15 weeks, now this week range (186 pips) makes it the lowest range in the last 16 weeks as it stands.

The volume is dwindling the month has two weeks left, do not get too attached to this low volume as past scenarios clearly shows that after some low volume will come wild volume that will sweep resistance or support levels with aggression.

Caution is needed as significant levels will break... these levels are 1.2665 and 1.2479. should the price attack 1.2665, expect 1.2817 level before any major pull back. Also should 1.2479 break convincingly by at least 50 pips expect a drop to 1.2250 quickly and aggressively...

Bias is still tilted to the downside to 1.22 level as far as 1.2665 remains unbroken. Play it safe do not get too attached to the tight ranges, never be caught off guard, apply sensible risk management plan as always be in control of your emotions by planning ahead of time.

Cheers.

Georginson.
Data + Stat + Risk/Emotions Management
  • #536,366
  • Jul 17, 2020 12:02pm Jul 17, 2020 12:02pm
Bullish H4 candle has closed without upending EMA10/H4. The bears are lurking!
  • #536,367
  • Jul 17, 2020 12:06pm Jul 17, 2020 12:06pm
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yes yes yes
  • #536,368
  • Jul 17, 2020 12:08pm Jul 17, 2020 12:08pm
Quoting Moty
{image}
Are you short or long
  • #536,369
  • Jul 17, 2020 12:09pm Jul 17, 2020 12:09pm
Quoting Moty
{image}
it went well for you why didn't you close before the start of the new 4hrs ?
  • #536,370
  • Jul 17, 2020 12:10pm Jul 17, 2020 12:10pm
Quoting Georginson
{quote} Now another lowest weekly range of 186 pips so far this week. Price has broken neither the weekly high (1.2665) nor the weekly low (1.2479) which makes a case for dwindling volume. Last week range was 211 pips which was the lowest in the last 15 weeks, now this week range (186 pips) makes it the lowest range in the last 16 weeks as it stands. The volume is dwindling the month has two weeks left, do not get too attached to this low volume as past scenarios clearly shows that after some low volume will come wild volume that will sweep resistance...
A small daily candle is sign of reversal.

And if price manages to close above today open, then that augurs well for bullish Monday.
Intraday only.
  • #536,371
  • Jul 17, 2020 12:22pm Jul 17, 2020 12:22pm
Cable will strong..Buy GU..Sell EG
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https://investizo.com/investment/view?server=1&login=2141779119
  • #536,372
  • Jul 17, 2020 12:25pm Jul 17, 2020 12:25pm
Quoting navk
{quote} A small daily candle is sign of reversal. And if price manages to close above today open, then that augurs well for bullish Monday.
Yes, the close for today will give a clue for Monday.
Data + Stat + Risk/Emotions Management
  • #536,373
  • Jul 17, 2020 12:25pm Jul 17, 2020 12:25pm
Moty, its false to break down. Better switch you short to long.
Happy weekend all, time to off for me
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  • #536,374
  • Jul 17, 2020 12:29pm Jul 17, 2020 12:29pm
Looks like gu should drop rest of the day. Extended pretty far to liq level only to drop more today and next week
All hail usd
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #536,375
  • Jul 17, 2020 12:32pm Jul 17, 2020 12:32pm
Just came home, thank to bear god that my tp was reached, what a damn reversal this was, its almost touching pivot again
Friday Bananas
Good Rest everybody cya all monday.
  • #536,376
  • Jul 17, 2020 12:35pm Jul 17, 2020 12:35pm
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  • #536,377
  • Jul 17, 2020 12:45pm Jul 17, 2020 12:45pm
Quoting Georginson
{quote} Yes, the close for today will give a clue for Monday.
There is no direction in chaos. When order is restored, then we will find clues for direction. Until then, it's just a roll of the dice.
Learn from your mistakes and march on.
  • #536,378
  • Jul 17, 2020 12:48pm Jul 17, 2020 12:48pm
Quoting here2there
{quote} There is no direction in chaos. When order is restored, then we will find clues for direction. Until then, it's just a roll of the dice.
Have you read the Chaos Theory? "Every order has a chaos and every chaos has an order" The difference comes in the level of analysis (Timeframes) . Interesting theory it is and yet practically applicable in every walk of life.
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  • #536,379
  • Jul 17, 2020 12:54pm Jul 17, 2020 12:54pm
Quoting WizardTrade
{quote} Have you read the Chaos Theory? "Every order has a chaos and every chaos has an order" The difference comes in the level of analysis (Timeframes) . Interesting theory it is and yet practically applicable in every walk of life.
I will look into it.
Learn from your mistakes and march on.
  • #536,380
  • Jul 17, 2020 12:56pm Jul 17, 2020 12:56pm
Quoting here2there
{quote} I will look into it.
You will find it interesting and practical. Every chart you will see after reading this theory will be a chaos and in that very chaos you will find the order Goodluck mate.
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