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Cable Update (GBPUSD)

  • #538,921
  • Jul 28, 2020 11:34pm Jul 28, 2020 11:34pm
waiting for price to bounce from daily pivot
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 42 KB
yes yes yes
  • #538,922
  • Jul 28, 2020 11:48pm Jul 28, 2020 11:48pm
Gm everyone! I have a question, and it would be awesome if one or more people here, can answer for me. U guys only trade Gbp/Usd only, or more than this pair? Fighting myself every day: better 1 pair or check 3 or more! Because if only 1 pair, maybe not every day have a opportunity, but if more than 3 pair....more opportunity, but way more headache and frustration. Thank you!!!
Time is your friend; impulse is your enemy! - John Bogle
  • #538,923
  • Jul 29, 2020 12:17am Jul 29, 2020 12:17am
Quoting Viki84
Gm everyone! I have a question, and it would be awesome if one or more people here, can answer for me. U guys only trade Gbp/Usd only, or more than this pair? Fighting myself every day: better 1 pair or check 3 or more! Because if only 1 pair, maybe not every day have a opportunity, but if more than 3 pair....more opportunity, but way more headache and frustration. Thank you!!!
Hello Viki,

You are right - one pair might not be providing much opt on a daily bases, but since the pandemic - there are plenty on a daily bases. Anyway I personally keep an eye on 5-6 instruments.

My recommendation is to watch the 3 kings - EURUSD,GBPUSD and USDJPY. There you will always see opt. Not too much to spread on and good daily profits.

I hope this will help.
Patience and Discipline.
  • #538,924
  • Jul 29, 2020 12:22am Jul 29, 2020 12:22am
I believe 29105 and 28893 will be the two short term r areas before reversal to the 2950 level at the open of london
"TIME AND PRICE IS ALL THERE IS"
  • #538,925
  • Jul 29, 2020 12:27am Jul 29, 2020 12:27am
Quoting Stefan90csk
{quote} Hello Viki, You are right - one pair might not be providing much opt on a daily bases, but since the pandemic - there are plenty on a daily bases. Anyway I personally keep an eye on 5-6 instruments. My recommendation is to watch the 3 kings - EURUSD,GBPUSD and USDJPY. There you will always see opt. Not too much to spread on and good daily profits. I hope this will help.
Thank you very much for ur answer!! I try only 2 or 3..because right now i have around 10 pair open, and im drinking my third coffe in 2 hours lol
Time is your friend; impulse is your enemy! - John Bogle
  • #538,926
  • Jul 29, 2020 12:32am Jul 29, 2020 12:32am
Quoting stefan90csk
{quote} hello viki, you are right - one pair might not be providing much opt on a daily bases, but since the pandemic - there are plenty on a daily bases. Anyway i personally keep an eye on 5-6 instruments. My recommendation is to watch the 3 kings - eurusd,gbpusd and usdjpy. There you will always see opt. Not too much to spread on and good daily profits. I hope this will help.
this is just my opinion but i believe that if you cant walk along side one pair consistently week end and week out, it most like ly wont matter how many pairs you watch in the end. Ijs
"TIME AND PRICE IS ALL THERE IS"
  • #538,927
  • Jul 29, 2020 12:42am Jul 29, 2020 12:42am
Quoting Mpfreefx
{quote} this is just my opinion but i believe that if you cant walk along side one pair consistently week end and week out, it most like ly wont matter how many pairs you watch in the end. Ijs
So ur telling me that u only trade 1 pair, and every day u have a nice tarding opportunity?? Im not talking the 1 min or 5 min chart, im trading only the 15min and if i want to trade every day, because i have time, ok not all day but minimum 8-9 hours, 1 pair is enough?
Time is your friend; impulse is your enemy! - John Bogle
  • #538,928
  • Jul 29, 2020 12:49am Jul 29, 2020 12:49am
Quoting Viki84
{quote} So ur telling me that u only trade 1 pair, and every day u have a nice tarding opportunity?? Im not talking the 1 min or 5 min chart, im trading only the 15min and if i want to trade every day, because i have time, ok not all day but minimum 8-9 hours, 1 pair is enough?
I think if you have all day, you can walk through 4 to 5 pairs, some major one such as GBPUSD, EURUSD, USDJPY, USDCAD, AUDUSD. This gives you more opportunities than looking at only 1 pair.
  • #538,929
  • Jul 29, 2020 12:58am Jul 29, 2020 12:58am
Quoting Viki84
{quote} So ur telling me that u only trade 1 pair, and every day u have a nice tarding opportunity?? Im not talking the 1 min or 5 min chart, im trading only the 15min and if i want to trade every day, because i have time, ok not all day but minimum 8-9 hours, 1 pair is enough?
Its all about timinge ive noticed. From the hour before the hour of or hour after opening of london. This pair is easily capable of 30 or more pips in the london session alone. The worst that could happen is having sma\lal profits at londons gap time, taking it , the readjusting you position for a move getting you out of the market at the latest of 11am est
"TIME AND PRICE IS ALL THERE IS"
  • #538,930
  • Jul 29, 2020 1:08am Jul 29, 2020 1:08am
Quoting Viki84
{quote} So ur telling me that u only trade 1 pair, and every day u have a nice tarding opportunity?? Im not talking the 1 min or 5 min chart, im trading only the 15min and if i want to trade every day, because i have time, ok not all day but minimum 8-9 hours, 1 pair is enough?
I recommend 1/2 pairs only I trade 1 pair which is Gu sometimes I trade GJ.
market provides opportunities everyday day in day out sometimes that will be NY sometimes London session sometimes both you can catch anything from Id say 30-80 pips sometimes 100+ when GU shifts.
Price has no concept of time.
so timeframes are irrelevant to an extent
you can trade a 4 hour time frames with a 1 min entry..... even a 5 second chart entry all the time frames do is show more data the price action is still the same and ends up at the same place.
  • #538,931
  • Jul 29, 2020 1:22am Jul 29, 2020 1:22am
Quoting Moty
waiting for price to bounce from daily pivot {image}
now can accept dollar is weak mate?
if changing those mindset couple day ago..how many green pips can you grab there mate?
take care
️
just for a cup of coffee...
  • #538,932
  • Jul 29, 2020 1:31am Jul 29, 2020 1:31am
the dollar is bit strong today as well pound.

Choppy sessions ahead ..before FOMC.

IMO
Intraday only.
  • #538,933
  • Jul 29, 2020 1:41am Jul 29, 2020 1:41am
Quoting neil0163
{quote} i recommend 1/2 pairs only i trade 1 pair which is gu sometimes i trade gj. Market provides opportunities everyday day in day out sometimes that will be ny sometimes london session sometimes both you can catch anything from id say 30-80 pips sometimes 100+ when gu shifts. Price has no concept of time. So timeframes are irrelevant to an extent you can trade a 4 hour time frames with a 1 min entry..... Even a 5 second chart entry all the time frames do is show more data the price action is still the same and ends up at the same place.
indeed, but i must respectfully disagree. The forex market is only about time and price. When it comes to intraday trading at least
"TIME AND PRICE IS ALL THERE IS"
  • #538,934
  • Jul 29, 2020 1:41am Jul 29, 2020 1:41am
Morning Everyone,

Nothing changes, more bulls for GU today.. FOMC will only make it go further and fast. it doesn’t change the already established trend.

We already above daily open.
Lets see how we do today

StaySafe
  • #538,935
  • Edited 5:07am Jul 29, 2020 1:42am | Edited 5:07am
Quoting Viki84
{quote} Thank you very much for ur answer!! I try only 2 or 3..because right now i have around 10 pair open, and im drinking my third coffe in 2 hours lol
I used to trade 4-5 pairs but combine that with a full time senior level job at that time, it was a disaster.
For now, I only trade this pair with M5, H1, and H4 charts running at the same time.
You can EASILY make at least 40-50 pips daily from this pair if you know the timing of the moves and its behavior.

You should also ask Gustro since he trades 4+ pairs daily with success.
Lost....
  • #538,936
  • Jul 29, 2020 1:47am Jul 29, 2020 1:47am
Thank you very much everyone!! I stick with this pair...and maybe Gbp/Jpy a lots of time they moving together!!
Time is your friend; impulse is your enemy! - John Bogle
  • #538,937
  • Jul 29, 2020 1:51am Jul 29, 2020 1:51am
Quoting JayBag
Morning Everyone, Nothing changes, more bulls for GU today.. FOMC will only make it go further and fast. it doesn’t change the already established trend. We already above daily open. Lets see how we do today StaySafe
here some for you..

&
some for me..
just for a cup of coffee...
  • #538,938
  • Edited 2:08am Jul 29, 2020 1:51am | Edited 2:08am
Quoting Viki84
Thank you very much everyone!! I stick with this pair...and maybe Gbp/Jpy a lots of time they moving together!!
If you time it well with Usd/Jpy and Gbp/Usd both heading in the same direction the pip potential on Gbp/Jpy can be huge.....
It's a waiting game for those to sync and you can miss out on normal Gbp/Jpy moves if not careful.

That's why Gbp/Jpy is called 'The Dragon', cause what a ride....
Don't Leave Money on the Table
  • #538,939
  • Jul 29, 2020 1:59am Jul 29, 2020 1:59am
Quoting akim0895
{quote} here some for you.. & some for me..
Thanks a lot A.. Like you read my mind, I was about to ask for some..

I am currently stretching my legs while chewing some

SS
  • #538,940
  • Jul 29, 2020 2:13am Jul 29, 2020 2:13am
the strength of monthly candle tells that even you will see a reversal the new candle of august is likely to make a wick towards 1.32 probably before any selling because july fully favored the buyers 100%

selling is not the option now if u cannot handle 300-500 draw down.

trade safe
MY OPINION NOT FINANCIAL ADVISE
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