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Cable Update (GBPUSD)

  • #537,201
  • Jul 21, 2020 1:11pm Jul 21, 2020 1:11pm
Quoting princiano
If dollar crashes below 95.xx then this is a BIG problem i hope it doesnt
Sure there are possibilities it could touch 94.75 . The resurrection might come after Trump's resuscitation speech in about 3hrs time
  • #537,202
  • Jul 21, 2020 1:11pm Jul 21, 2020 1:11pm
Hmmm... that was a bit sudden to not have something follow it. 27862 looking like our last stop. Still a bit of pipage twixt here and there. Those who got in.. be careful. Hedge if you must, just make sure you hedge in the middle and not at the edge of the area of interest.
Don't compare your trades to others. Most often the masses are the asses
  • #537,203
  • Jul 21, 2020 1:13pm Jul 21, 2020 1:13pm
Quoting HBN08
{quote} Get a Demo account and stay there for 3 mothns practcing,testing what feels better for you.... my advice if ur new bro

Done the 3 months on demo account, went from $50k to $200k then had too much confidence, and its totally different with demo and real... Demo has no emotion and frustration LOL I think that is the biggest hurdle to overcome in this game, it even gets worse after you blow 2 accounts. The upside is that i trade more carefully now and sit and study thoroughly before entering a trade.
I trade my own information and follow my own methods.
  • #537,204
  • Jul 21, 2020 1:13pm Jul 21, 2020 1:13pm
Quoting Neil0163
ill leave this here....nuggets for my forex factory family {image}

I know what an SOB is in America.. but what does it pertain to on your chart?
Don't compare your trades to others. Most often the masses are the asses
  • #537,205
  • Jul 21, 2020 1:16pm Jul 21, 2020 1:16pm
Quoting Moty
it's now or never , dx is at 95 {image}
price not respecting level.. she is on a mission.. idk what mission
  • #537,206
  • Jul 21, 2020 1:18pm Jul 21, 2020 1:18pm
Quoting gatenio
im looking for elliot wave chart on h1, someone got one? i lost the count
Here you go mate, hope this will help.
Attached Image (click to enlarge)
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  • #537,207
  • Jul 21, 2020 1:19pm Jul 21, 2020 1:19pm
Quoting newmilly
{quote} Done the 3 months on demo account, went from $50k to $200k then had too much confidence, and its totally different with demo and real... Demo has no emotion and frustration LOL I think that is the biggest hurdle to overcome in this game, it even gets worse after you blow 2 accounts. The upside is that i trade more carefully now and sit and study thoroughly before entering a trade.
Now that you are in live money. Trade .01 until you are again comfortable. You can not trade the same account percentage live as you did in demo. Also try changing the profit to points. Right click on a live trade, choose profit, change to points. It makes it a little less traumatizing to see negative points rather than dollars. Lastly... don't trade price. Trade the candles. Gamblers look at the price first. Traders look at the candles first.
Don't compare your trades to others. Most often the masses are the asses
  • #537,208
  • Jul 21, 2020 1:22pm Jul 21, 2020 1:22pm
Quoting gatenio
{quote} price not respecting level.. she is on a mission.. idk what mission
95 is a very important level. We shall see.
Trade to trade another day
  • #537,209
  • Jul 21, 2020 1:22pm Jul 21, 2020 1:22pm
Figured I would post this minus the chatter.


My 4hr says we have a little more room here. Asia didn't participate in all this goodness, so perhaps we will finish out trip north in the next 24hrs.


EDITED. President trump is speaking at 5pm EST. That could be what the dollar needs to strengthen, and why price has suddenly jumped into place and is almost ready to sell.

This is an ANALYSIS. (insert don't follow me disclaimer here)
Attached Image (click to enlarge)
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Don't compare your trades to others. Most often the masses are the asses
  • #537,210
  • Jul 21, 2020 1:26pm Jul 21, 2020 1:26pm
Quoting Georginson
{quote} I do not understand this question mate.

Why are you spending precious energy on quantifying your posts. Let those who benefit benefit, and those who don't not. There will always be someone with a contrary opinion.
Don't compare your trades to others. Most often the masses are the asses
  • #537,211
  • Jul 21, 2020 1:26pm Jul 21, 2020 1:26pm
Quoting Black-Star
{quote}Here you go mate, hope this will help. {image}
tx, i didnt get all the letters
  • #537,212
  • Jul 21, 2020 1:28pm Jul 21, 2020 1:28pm
Quoting thevisitor
only my view 1.2780 {image}
1.2780

Short..
  • #537,213
  • Jul 21, 2020 1:30pm Jul 21, 2020 1:30pm
Quoting princiano
If dollar crashes below 95.xx then this is a BIG problem i hope it doesnt

It will. We just need the 3rd Qt numbers to come out in conjunction with the new Covid19 numbers. US election is in November, and that will be our "bottom" in my opinion. So yeah.. we will bounce a little here, but back to 95 we WILL be. Probably beginning of September.
Don't compare your trades to others. Most often the masses are the asses
  • #537,214
  • Jul 21, 2020 1:32pm Jul 21, 2020 1:32pm
Quoting OBsayMkMoney
{quote} I would agree, but.. Look left my friend. We have previous bunching just above this level, and we have been defying all turns up to this point. Why stop now? Especially when MANY people sold the 2750 level and will place their stop losses 10 pips from there following money management rules. I am long to 27620 giving price a little room to spike higher, then sell this puppy. I think we will meander around this level gathering sellers before said spike.
Just came back home, i have to agree with you , i dont have any trade open at the moment,will wait and watch H1 display
Still smelling a sell
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  • #537,215
  • Jul 21, 2020 1:34pm Jul 21, 2020 1:34pm
Quoting OBsayMkMoney
{quote} It will. We just need the 3rd Qt numbers to come out in conjunction with the new Covid19 numbers. US election is in November, and that will be our "bottom" in my opinion. So yeah.. we will bounce a little here, but back to 95 we WILL be. Probably beginning of September.
That shall be the real ride
  • #537,216
  • Jul 21, 2020 1:35pm Jul 21, 2020 1:35pm
Quoting gatenio
{quote} tx, i didnt get all the letters
Which letters are you looking for? maybe I can sort you out
  • #537,217
  • Jul 21, 2020 1:35pm Jul 21, 2020 1:35pm
Quoting thevisitor
{quote} 1.2780 Short..
your 1.2680 short ? Holding still ?

If you did scalp, then different.
Intraday only.
  • #537,218
  • Jul 21, 2020 1:36pm Jul 21, 2020 1:36pm
Dxy bounce from 95 done, managed 6 pips. dollar bulls are no-where to be seen...
  • #537,219
  • Jul 21, 2020 1:37pm Jul 21, 2020 1:37pm
Quoting thevisitor
{quote} 1.2780 Short..
If it goes to 2780, 1.2810 will not be missed IMO.

So, shorting 2810 may be right.

For 100 pips atleast.
Intraday only.
  • #537,220
  • Jul 21, 2020 1:38pm Jul 21, 2020 1:38pm
Quoting Bones
today we know for a fact this potential tl is broke {image} {image}
a very good analysis, as always
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