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Cable Update (GBPUSD)

  • #607,401
  • Jul 6, 2021 12:01pm Jul 6, 2021 12:01pm
Buy stop @ 850 with 1:3 RR
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Fools Rushing
  • #607,402
  • Jul 6, 2021 12:02pm Jul 6, 2021 12:02pm
Quoting Georginson
Sold at 1.3892, no stop and target at the moment ... Will wait for further clarity.
@Gatenio @Wavegarrick @pat Chiko I stupidly closed my fantastic sell trade at 1.3887 waiting to sell at 1.3900/20 area but now filled with regrets, how I missed a seater. How on Earth we didn't get at least 1.3920 baffles me greatly before this drop to 1.3772 area.

My July view still points at 1.3940 ^ 1.3500... now how do I separate my medium term trades from intraday plays? A big puzzle for me to solve.
Data + Stat + Risk/Emotions Management
  • #607,403
  • Jul 6, 2021 12:05pm Jul 6, 2021 12:05pm
TP was hit on 2 long trades at 1.3880.
Missed to close one trade manually with +10, will have to wait for reversal up
  • #607,404
  • Jul 6, 2021 12:09pm Jul 6, 2021 12:09pm
Quoting elbert3
{quote} your in a nice part of the world , we were in panang 9 days after the wave hit,,,,NOT STOPPING HERE YET BY THE LOOKS OF IT 3740 WOULD BE A GREAT DASY ENDING TO RETRACE FROM THERE

It was back in 2004 when Tsunami hit Indonesia, Thailand and Malaysia.
Must be bad memory for you then.

It was much worse effected Phuket Thailand.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #607,405
  • Jul 6, 2021 12:10pm Jul 6, 2021 12:10pm
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yes yes yes
  • #607,406
  • Jul 6, 2021 12:16pm Jul 6, 2021 12:16pm
Quoting gatenio
Buy now till fomc
Do you have some analysis on this Gatenio

I am of the same view it would be good to have some corroboration from a different angle
  • #607,407
  • Jul 6, 2021 12:19pm Jul 6, 2021 12:19pm
Quoting Pat Chiko
{quote} It was back in 2004 when Tsunami hit Indonesia, Thailand and Malaysia. Must be bad memory for you then. It was much worse effected Phuket Thailand.
No at the time we were booked to go on the holiday and we were thinking about all the people we met in Phuket. That was our first stop .. but we went with 100 kilo of aid bandages etc . When we got the test first line of hotels and people were devastated. But all the people behind were the wave never got to them suffered because all the holidaymakers were pulled out .. no income . We could not find anyone to give the aid to .. ended up giving it to 3 pedestrians from Leeds U.K. and they took it onwards with them . Then we’re we’re off to KL then Panama which was not that bad as you know .. it was an experience
  • #607,408
  • Jul 6, 2021 12:23pm Jul 6, 2021 12:23pm
If 3800 reached then I'll go for long.
Try the simple and make it for you ~
  • #607,409
  • Jul 6, 2021 12:31pm Jul 6, 2021 12:31pm
Quoting clocktrade
If 3800 reached then I'll go for long.
I think it's good personally, was my original target buy level from the weekend.. public hol just screwed up the timing a bit
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  • #607,410
  • Jul 6, 2021 12:34pm Jul 6, 2021 12:34pm
any chance to take this out?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #607,411
  • Jul 6, 2021 12:37pm Jul 6, 2021 12:37pm
DailyFX reporting that interest rates hike odds fall.. that could push cable up
Insane in the Brain..
  • #607,412
  • Jul 6, 2021 12:38pm Jul 6, 2021 12:38pm
Quoting mysterio
{quote} Do you have some analysis on this Gatenio I am of the same view it would be good to have some corroboration from a different angle
Yes i have,
1h corrective cycle made 2.618 fib, broke it and now get back to the initial point. End of this cycle 1.396
4h made 1.618 which is 1st tp and now get back to retest the initial 4h engulfing.

Daily still strong down. But this correction that start on friday was very strange for me, price get so high and should go higher for me.
  • #607,413
  • Jul 6, 2021 12:38pm Jul 6, 2021 12:38pm
Quoting Georginson
{quote} @Gatenio @Wavegarrick @pat Chiko I stupidly closed my fantastic sell trade at 1.3887 waiting to sell at 1.3900/20 area but now filled with regrets, how I missed a seater. How on Earth we didn't get at least 1.3920 baffles me greatly before this drop to 1.3772 area. My July view still points at 1.3940 ^ 1.3500... now how do I separate my medium term trades from intraday plays? A big puzzle for me to solve.
Hi George,
Quote
I did follow the spike, now waiting to short at 1.39 area or may jump in after seeing London open reaction . . .
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I was rooting for you on this post. Anyway, Bud, tomorrow is another day. I find it very hard to mix medium-term trades with intraday trades. Something you have to figure out. The best for me is to walk away when my trades are opened. Stops hit I get up and wait for another day. Your first instinct is usually your best instinct.
Cheers,
Trade to trade another day
  • #607,414
  • Jul 6, 2021 12:40pm Jul 6, 2021 12:40pm
Migh be on the move up 3836 if so
  • #607,415
  • Jul 6, 2021 12:43pm Jul 6, 2021 12:43pm
Quoting Wavegarrick
{quote} Hi George, {quote} I was rooting for you on this post. Anyway, Bud, tomorrow is another day. I find it very hard to mix medium-term trades with intraday trades. Something you have to figure out. The best for me is to walk away when my trades are opened. Stops hit I get up and wait for another day. Your first instinct is usually your best instinct. Cheers,
Well said Garrick... Thanks.
Data + Stat + Risk/Emotions Management
  • #607,416
  • Jul 6, 2021 12:44pm Jul 6, 2021 12:44pm
Quoting elbert3
Migh be on the move up 3836 if so
weekly pivot. Fyi,
last fomc drop weekly pivot was the high of that day.

maybe tomorrow too?
  • #607,417
  • Jul 6, 2021 12:44pm Jul 6, 2021 12:44pm
Quoting Pip-Prophet
You will see 1.3675 before big money fuels the rocket. -Prophet
On its way

-Prophet
  • #607,418
  • Jul 6, 2021 12:45pm Jul 6, 2021 12:45pm
I see thisssss. Our moon guy might like this. forgot his name.
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Fools Rushing
  • #607,419
  • Jul 6, 2021 12:46pm Jul 6, 2021 12:46pm
Quoting BeeTogether
DailyFX reporting that interest rates hike odds fall.. that could push cable up
Gilt yields fell a whopping 100bps today ... not sure I think this was part of a general equity sell off and rebalance into fixed income/cash though

I used to manage institutional funds and quarterly rebalancing trades for major pension funds etc would typically take place about a week after month/quarter end, probably why we're seeing massive moves into cash and fixed income (for pension fund matching portfolios etc).
  • #607,420
  • Jul 6, 2021 12:46pm Jul 6, 2021 12:46pm
Quoting Inthebox
any chance to take this out? {image}
it is too hard to break the trendline zone after the price reached more than 61.8% correction
--- just my opinion
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