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Cable Update (GBPUSD)

  • #538,781
  • Jul 28, 2020 11:35am Jul 28, 2020 11:35am
Quoting Georginson
{quote} I still stick to my sell and even here at 1.2940 I still say it. Yeah it's really gone high but money management saved the equity... Average sell level at 1.2680 which I believe uptrend can't last till 1.31 without retracing at least 350 pips from high. I know I will get a lot of sticks for this but I say it anyways. I will wait for retracement and not panic close transactions. Worst case scenario I will close all at 1.2600 level which is 340 pips away at the moment. Peace
yo, seriously, i thought your exit was 1.28? stick to your stops, they'll save you.
  • #538,782
  • Jul 28, 2020 11:35am Jul 28, 2020 11:35am
Quoting knkie
{quote} the "guru's" always disappear when they are proved wrong. They never just admit they made a mistake. In a few weeks when price does go down they will come out and say "see i told you so" lol
bulls are watching this beautiful landscape on the trend train and trolls moved back into their caves...
  • #538,783
  • Jul 28, 2020 11:38am Jul 28, 2020 11:38am
Quoting knkie
{quote} the "guru's" always disappear when they are proved wrong. They never just admit they made a mistake. In a few weeks when price does go down they will come out and say "see i told you so" lol
Ff gurus dont exist, if there was a guru they wouldn't be on ff.
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #538,784
  • Jul 28, 2020 11:40am Jul 28, 2020 11:40am
Quoting knkie
{quote} the "guru's" always disappear when they are proved wrong. They never just admit they made a mistake. In a few weeks when price does go down they will come out and say "see i told you so" lol
the price at some point goes down... it will definiely go down.

We as retailers should have reasonable level as short entry and manage risk level.

Day traders job is easy, I tell you.

If bullish on daily TF and 4 hr TF, One has to see proper long entry in 15 min chart, and capture 30 to 40 pips, be done with that.

The price, over the years i have seen, reversal pattern occurs in NY session,

If the price manages to close around daily open, then i would short next day.

Or else, long entry is option next day too.

However, take the case today.... if no retrace at all, then tomorrow tokyo open, short entry is good
Intraday only.
  • #538,785
  • Jul 28, 2020 11:42am Jul 28, 2020 11:42am
Quoting gatenio
{quote} for once ?! She is lying there on the road naked after being raped.
Wow... I mean Wow man. How very graphic!
Don't compare your trades to others. Most often the masses are the asses
  • #538,786
  • Jul 28, 2020 11:45am Jul 28, 2020 11:45am
Quoting navk
{quote} the price at some point goes down... it will definiely go down. We as retailers should have reasonable level as short entry and manage risk level. Day traders job is easy, I tell you. If bullish on daily TF and 4 hr TF, One has to see proper long entry in 15 min chart, and capture 30 to 40 pips, be done with that. The price, over the years i have seen, reversal pattern occurs in NY session, If the price manages to close around daily open, then i would short next day. Or else, long entry is option next day too. However, take the case today.......
Its still a good idea to see a confirmation candle... Trading off a level or taking profit at a level before any evidence on a longer timeframe always was an epic fail for me.. Thats why i never add levels on my charts any more...even the 1.30 level is of no interest to me, unless we get some huge moves off of it. So its not worth adding the level because the price action will show it (BIG BEAR CANDLE)
  • #538,787
  • Jul 28, 2020 11:52am Jul 28, 2020 11:52am
the spike knocks on the door
  • #538,788
  • Jul 28, 2020 11:53am Jul 28, 2020 11:53am
Quoting Bones
{image}
this weekly candle or next weekly candle is very important
right now anyone using price may want to short 1.30 and 1.32 but candle stick user will still wait for some reversal pattern
MY OPINION NOT FINANCIAL ADVISE
  • #538,789
  • Jul 28, 2020 11:55am Jul 28, 2020 11:55am
Quoting Wavegarrick
From a daily perspective, an important level at my yearly med support 1 at 1.2605. Gu is one of the few major pairs that have not made it back to my yearly pivot going into the 3rd quarter. If 1.2605 breaks with a weekly close above, the possibility is good for a test of my yearly pivot at 1.2908. Anyway, I don't say we won't have pullbacks. Do your own due diligence Guys. Just some forward guidance. Cheers. {image}
Hi Guys,

Interesting times. GU has finally made it to my yearly pivot at 1.2908 and currently above at 1.29469. Could we be in for a new bullish cycle? Interestingly EurUsd is at my yearly med resistance 2 at 1.1742. Eurgbp is currently coming off my yearly res 1 at 0.9103. Simple analytics tell me that that the pound could strengthen over the Euro in the near future and the pound has lagged behind up to now.

Anyway, the proof will be in the pudding over the next few weeks.

I hold onto my buy positions.
Cheers.
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Trade to trade another day
  • #538,790
  • Jul 28, 2020 11:56am Jul 28, 2020 11:56am
Quoting knkie
{quote} the "guru's" always disappear when they are proved wrong. They never just admit they made a mistake. In a few weeks when price does go down they will come out and say "see i told you so" lol


guru dont exist in a market you guess and sometime not lucky..

they only pin point just like you and market do what it feel like in favor of the banks
MY OPINION NOT FINANCIAL ADVISE
  • #538,791
  • Jul 28, 2020 11:56am Jul 28, 2020 11:56am
Quoting mkvy
Why have all the postings reduced 95% over the last hour or 2?
Nothing really to say. I mean everyone put their thoughts in. Waiting for them to be proven wrong.. or right. Not like we have really moved in the past few hours, and where we currently are (to me) is clearly in the middle of the road.
Don't compare your trades to others. Most often the masses are the asses
  • #538,792
  • Jul 28, 2020 11:59am Jul 28, 2020 11:59am
Quoting navk
{quote} the price at some point goes down... it will definiely go down. We as retailers should have reasonable level as short entry and manage risk level. Day traders job is easy, I tell you. If bullish on daily TF and 4 hr TF, One has to see proper long entry in 15 min chart, and capture 30 to 40 pips, be done with that. The price, over the years i have seen, reversal pattern occurs in NY session, If the price manages to close around daily open, then i would short next day. Or else, long entry is option next day too. However, take the case today.......

i think we do almost the same..

using the previous day candle direction and using the next 12hr direction it super amazing entry on 1hr candle close when prio day and recent day 12hrs matches the direction
MY OPINION NOT FINANCIAL ADVISE
  • #538,793
  • Jul 28, 2020 12:04pm Jul 28, 2020 12:04pm
Quoting Wavegarrick
{quote} Hi Guys, Interesting times. GU has finally made it to my yearly pivot at 1.2908 and currently above at 1.29469. Could we be in for a new bullish cycle? Interestingly EurUsd is at my yearly med resistance 2 at 1.1742. Eurgbp is currently coming off my yearly res 1 at 0.9103. Simple analytics tell me that that the pound could strengthen over the Euro in the near future and the pound has lagged behind up to now. Anyway, the proof will be in the pudding over the next few weeks. I hold onto my buy positions. Cheers. {image}


u are making ur broker also rich with those swaps.. good trades u got there
MY OPINION NOT FINANCIAL ADVISE
  • #538,794
  • Jul 28, 2020 12:12pm Jul 28, 2020 12:12pm
1.2930-50 is a crucial monthly resistance, it have to retrace downward or else a base above here will be a very bullish signal for next month.
TBH I find no reason for all this strong bull move!
GBP is too much overvalued!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #538,795
  • Jul 28, 2020 12:13pm Jul 28, 2020 12:13pm
The next way is 1.30.
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  • #538,796
  • Jul 28, 2020 12:15pm Jul 28, 2020 12:15pm
having come close to 3000, it may test 3000 if not today, may be tomorrow.

Any selling should find support around 2900.

IMO
Intraday only.
  • #538,797
  • Jul 28, 2020 12:16pm Jul 28, 2020 12:16pm
Quoting donfriday
{quote} u are making ur broker also rich with those swaps.. good trades u got there
Thanks, Don, yes it is true and I don't like paying swaps over to my broker, nevertheless I do get into trades with positive swaps to more or less balance out the negatives.

Cheers
Bud.
Trade to trade another day
  • #538,798
  • Edited 12:26pm Jul 28, 2020 12:16pm | Edited 12:26pm
Quoting Georginson
{quote} I still stick to my sell and even here at 1.2940 I still say it. Yeah it's really gone high but money management saved the equity... Average sell level at 1.2680 which I believe uptrend can't last till 1.31 without retracing at least 350 pips from high. I know I will get a lot of sticks for this but I say it anyways. I will wait for retracement and not panic close transactions. Worst case scenario I will close all at 1.2600 level which is 340 pips away at the moment. Peace

I strongly feel we are going to 2010. FOMC is tomorrow. If you can hedge to stop the bleeding do that, but if you jump... ouch. We ARE going to sell. It is just going to hurt a lot before we do. Someone once put it best. You don't lose the trade until you close it.

I prefer to throw stones. They make more of a statement.

HAHA... this is a GOLD number. My bad. 3070... GU
Don't compare your trades to others. Most often the masses are the asses
  • #538,799
  • Jul 28, 2020 12:17pm Jul 28, 2020 12:17pm
Quoting mastersplint
{quote} Ff gurus dont exist, if there was a guru they wouldn't be on ff.
thats why i used quotes.
because they think they are gurus and try to convince others they are but they are either just guessing, addicted gamblers or scamming newbies.
in wondering about yourself, you forgot what you came here to be part of
  • #538,800
  • Jul 28, 2020 12:18pm Jul 28, 2020 12:18pm
Sometimes this thread is a meme goddam
#Grabspopcorn
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