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Cable Update (GBPUSD)

  • #607,601
  • Jul 7, 2021 6:01am Jul 7, 2021 6:01am
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yes yes yes
  • #607,602
  • Jul 7, 2021 6:02am Jul 7, 2021 6:02am
there is a small drop now to 3800 for Buy
Intraday only.
  • #607,603
  • Jul 7, 2021 6:07am Jul 7, 2021 6:07am
Quoting navk
Once low is formed and that day high is broken....easily uptrend for that day and vice versa. Having said that ...crooks can always play thier role.
Is there any possible that today high can break yesterday high?because i think yesterday high could be formed as this week high.

Thank you navk
Everything is possible but not guaranteed
  • #607,604
  • Jul 7, 2021 6:10am Jul 7, 2021 6:10am
Quoting Passenger12
{quote} Is there any possible that today high can break yesterday high?because i think yesterday high could be formed as this week high. Thank you navk
to me unlikely.

However, it depends on FOMC
Intraday only.
  • #607,605
  • Jul 7, 2021 6:15am Jul 7, 2021 6:15am
...another prev 1hr/4hr sw hi then lo zone coexistent with a separate prev 1hr sw lo zone above current price with 2 x fibs in there too, one of which is 61.8 of y/day's fall. Ie potential sbr/res if reached/tested.

1hr below.
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Trader with an Edge.
  • #607,606
  • Jul 7, 2021 6:16am Jul 7, 2021 6:16am
Stopped out of my long, a mistake perhaps to tighten SL but not pulling away fast enough and lacking volume. Not looking to short this just yet.
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  • #607,607
  • Jul 7, 2021 6:17am Jul 7, 2021 6:17am
Some divergence showing here so I might just bank 40 pips and re-enter lower if we start to break the m5 momentum line


edit- lucky just banked before the breakdown, watching for this
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  • #607,608
  • Jul 7, 2021 6:18am Jul 7, 2021 6:18am
Quoting Pat Chiko
GU Warm up trade. Test water for 30 pips R:R 1:1 {image}
GU

Scalping coming to end of the line.

Lets wait for price to show the way for the next set up and FOMC News later.

Trade Well and Safely

Regards

PAT

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #607,609
  • Jul 7, 2021 6:27am Jul 7, 2021 6:27am
I hope it can help us
i know volume in forex market its not real volume. But its can help us.
yesterday daily candle close bellow monday open candle and volume was rising or better than monday. I think today bear could be take a control.
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  • #607,610
  • Jul 7, 2021 6:28am Jul 7, 2021 6:28am
it's seem not to be the same scenario
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yes yes yes
  • #607,611
  • Jul 7, 2021 6:43am Jul 7, 2021 6:43am
Quoting PiploEscobar
Morning all, I see a potential TP/reversal zone around 1.38330. 50% retrace of this down move (1.38986-1.37728), S/R zone and weekly fib pivot. Trade safe. {image}
Going to go manual TP on this, could spike here if there's a lot of short position stops waiting.
  • #607,612
  • Jul 7, 2021 6:45am Jul 7, 2021 6:45am
short 13834
ITB - Seeing Orderliness amongst 'Randomness'
  • #607,613
  • Jul 7, 2021 6:46am Jul 7, 2021 6:46am
FOMC
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How to succeed in zero sum game?
  • #607,614
  • Jul 7, 2021 6:47am Jul 7, 2021 6:47am
Quoting corongumet
I hope it can help us i know volume in forex market its not real volume. But its can help us. yesterday daily candle close bellow monday open candle and volume was rising or better than monday. I think today bear could be take a control. {image}
Volume is a fantastic tool, I understand the limitations of it and there are times it can give false signals, especially if you don’t know how to use it, but it has saved my skin so many times I cannot count them - revealing trap moves and confirming genuine moves. I really don’t understand why so many traders do not use it. Anna Coulling has written a bunch of books on trading forex using volume for anyone interested in this strange art.
  • #607,615
  • Jul 7, 2021 6:48am Jul 7, 2021 6:48am
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yes yes yes
  • #607,616
  • Jul 7, 2021 6:50am Jul 7, 2021 6:50am
Quoting corongumet
I hope it can help us i know volume in forex market its not real volume. But its can help us. yesterday daily candle close bellow monday open candle and volume was rising or better than monday. I think today bear could be take a control. {image}
Where did you get that info-graphic from? - it’s neat!
  • #607,617
  • Jul 7, 2021 6:54am Jul 7, 2021 6:54am
Nearly there first TP 13850 (psychological level)
Insane in the Brain..
  • #607,618
  • Jul 7, 2021 6:56am Jul 7, 2021 6:56am
... potential sbr up to circa 3844. Testing WP and the 2 x fibs now in that zone. 1hr below.
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Trader with an Edge.
  • #607,619
  • Jul 7, 2021 7:00am Jul 7, 2021 7:00am
Strong S/R levels for July from options analysis (if I did it correctly, probably not). Took 1.39 and 1.4 strikes. If OI flows to other strikes it will be different picture.
Should convert Futures into Spot market price, but I don't see much sense doing this.
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Air force
  • #607,620
  • Jul 7, 2021 7:02am Jul 7, 2021 7:02am
Quoting Bainbrito
{quote} Volume is a fantastic tool, I understand the limitations of it and there are times it can give false signals, especially if you don’t know how to use it, but it has saved my skin so many times I cannot count them - revealing trap moves and confirming genuine moves. I really don’t understand why so many traders do not use it. Anna Coulling has written a bunch of books on trading forex using volume for anyone interested in this strange art.
I use it and combine with elliot wave. Because in forex its not a real volume. I use tradingview with fxcm or Fxdd. I think its good volume. I think above TF H4 to use volume.
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