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Cable Update (GBPUSD)

  • #538,461
  • Jul 27, 2020 6:42am Jul 27, 2020 6:42am
Quoting tradebloke
{quote} I agree swing trades are better in most cases
If you are a long term trader swing is better but if you are a short term trader, scalp and intraday are best especially in tight range market.

In summary, it all depends on account size and patience level.
Data + Stat + Risk/Emotions Management
  • #538,462
  • Jul 27, 2020 6:45am Jul 27, 2020 6:45am
Quoting navk
2875 guys... 1 or 2 pips more. That is all. 100 pips... or more now. My stop 28775
100 pips retrace?
  • #538,463
  • Jul 27, 2020 6:47am Jul 27, 2020 6:47am
Quoting larrychew
{quote} 100 pips retrace?
IMO
Intraday only.
  • #538,464
  • Jul 27, 2020 6:47am Jul 27, 2020 6:47am
Simple logic: if you are expecting sell and it doesn't happen. Just buy the thing. Why so cocky?
Le$$ I$ More
  • #538,465
  • Jul 27, 2020 6:48am Jul 27, 2020 6:48am
With Price now above 1.28458, I’d be careful shorting it..

the above level is an impulse area and bulls could easily drag price straight up to 1.30379 without much work..

I remain on the bull side till 1.3037 area..
Lets see

StaySafe
  • #538,466
  • Jul 27, 2020 6:49am Jul 27, 2020 6:49am
Good Morning all

If I've draw this weekly descending trendline correctly then any pullback is going to hit it as support plus we have the 100 weekly MA coming in @ 2744 giving further support preventing any serious downside unless some negative Fundy news hits Pound....IMO, could be wrong
And this could be the bullish breakout that's been brewing for some time....again could be wrong...LOL
Attached Image (click to enlarge)
Click to Enlarge Name: July 27 2020 GPB Weekly.png Size: 55 KB
Don't Leave Money on the Table
  • #538,467
  • Edited 7:03am Jul 27, 2020 6:52am | Edited 7:03am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 24 KB

Attached Image (click to enlarge)
Click to Enlarge Name: dx1.png Size: 50 KB
yes yes yes
  • #538,468
  • Jul 27, 2020 6:55am Jul 27, 2020 6:55am
Quoting navk
{quote} IMO
To the pivot?
  • #538,469
  • Jul 27, 2020 6:56am Jul 27, 2020 6:56am
Quoting mkvy
{quote} I tried that before but it always ends up in a little loss, whilst my longer term trade does ok
Is fine, maybe swing is better for you,
my purpose scalp is fast pip to cover my swing stop loss, so if i am wrong, i can out with BE or small green /red,
meanwhile my order has some room for market dancing,
sometime too early BE also not good choice, market can retest and retest bfr real move.
PA Return Today: na
  • #538,470
  • Jul 27, 2020 6:59am Jul 27, 2020 6:59am
Quoting navk
2875 guys... 1 or 2 pips more. That is all. 100 pips... or more now. My stop 28775
Dxy dump again buddy
PA Return Today: na
  • #538,471
  • Jul 27, 2020 7:02am Jul 27, 2020 7:02am
Quoting LeongPuiy
{quote} Dxy dump again buddy
wait and watch.

It happens, and I see that 2875 to hold.

It can break also
Intraday only.
  • #538,472
  • Jul 27, 2020 7:07am Jul 27, 2020 7:07am
June Range 1.2812 - 1.2250 562 pips
May Range 1.2599 - 1.2073 520 pips
April Range 1.2646 - 1.2164 482 pips
February Range 1.3183 - 1.2724 459 pips
January Range 1.3229 - 1.2953 276 pips

July* Range 1.2874 - 1.2358 516 pips

This July range Already equalled/exceeded May, April, February and January ranges, just 46 pips away from equalling maximum range in June (562 pips)

June OPEN 1.2323 - 1.2812 HIGH = 489 pips

July* OPEN 1.2399 - 1.2874 HIGH = 475 pips

Just 14 pips away from equalling June OPEN to HIGH distance.

I will not be trapped into buying a high price from swing perspective because price keeps going up, I will rather stay put with my sell trades especially with my newest entry at 1.2848 level.

Note: No obligation to follow.
Data + Stat + Risk/Emotions Management
  • #538,473
  • Jul 27, 2020 7:15am Jul 27, 2020 7:15am
Attached Image (click to enlarge)
Click to Enlarge Name: dx1.png Size: 14 KB
yes yes yes
  • #538,474
  • Jul 27, 2020 7:19am Jul 27, 2020 7:19am
we never know... but I am short with stop at 28785.

Hope from now, and rest of the week, it goes down.

I can not commit for the week though, and I want to see daily close for that.
Intraday only.
  • #538,475
  • Jul 27, 2020 7:22am Jul 27, 2020 7:22am
NY open is 2876.

Do you guys expect 2876 to 2976 ?

Or 2876 to 2950?

Or 2876 to 2926?

I do not foresee any of the above situations, keeping in mind NY open.

Anyways, it has been crazy, for a while, so i kept tight stop 28785
Intraday only.
  • #538,476
  • Jul 27, 2020 7:24am Jul 27, 2020 7:24am
Quoting Georginson
June Range 1.2812 - 1.2250 562 pips May Range 1.2599 - 1.2073 520 pips April Range 1.2646 - 1.2164 482 pips February Range 1.3183 - 1.2724 459 pips January Range 1.3229 - 1.2953 276 pips July* Range 1.2874 - 1.2358 516 pips This July range Already equalled/exceeded May, April, February and January ranges, just 46 pips away from equalling maximum range in June (562 pips) June OPEN 1.2323 - 1.2812 HIGH = 489 pips July* OPEN 1.2399 - 1.2874 HIGH = 475 pips Just 14 pips away from equalling June OPEN to HIGH distance. I will not be trapped into buying...
Georginson

At what level will you reconsider your position?
  • #538,477
  • Jul 27, 2020 7:24am Jul 27, 2020 7:24am
USD news in another 7 mins.

That may decide the direction for NY session today.
Intraday only.
  • #538,478
  • Jul 27, 2020 7:27am Jul 27, 2020 7:27am
Attached Image (click to enlarge)
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yes yes yes
  • #538,479
  • Jul 27, 2020 7:31am Jul 27, 2020 7:31am
Quoting balleking
{quote} Georginson At what level will you reconsider your position?
I will wait till July close and re evaluate things.
Data + Stat + Risk/Emotions Management
  • #538,480
  • Jul 27, 2020 7:32am Jul 27, 2020 7:32am
Quoting navk
NY open is 2876. Do you guys expect 2876 to 2976 ? Or 2876 to 2950? Or 2876 to 2926? I do not foresee any of the above situations, keeping in mind NY open. Anyways, it has been crazy, for a while, so i kept tight stop 28785
GL budd..
still waiting for my 2890..
just for a cup of coffee...
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