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Cable Update (GBPUSD)

  • #608,141
  • Jul 8, 2021 7:44pm Jul 8, 2021 7:44pm
Quoting Moty
{image}
in these point ill buy , these my reason
Attached Image (click to enlarge)
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"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #608,142
  • Jul 8, 2021 7:52pm Jul 8, 2021 7:52pm
Quoting KiwiTrada
dix "could" be priming for another push north!!! watching 92 444 as marker, Stirling taking a hit, unsure why, other than over all downward pressure GU GJ, whatever enjoying every pip :-)
92 444 dix seems to be holding for now, patience required, NU bounced from 4hr support 69217 AU had dropped through falling LTL Daily, needs retest to confirm downward pressure, 7463ish EU bears are grinding support, again patience required, CAD bullish run has been awesome but strong resistance having effect for now 1 26000 psych yesterdays powerful bear candle, taking a breather as expected, if/when she attacks its low 9132, ground zero for bulls, fresh air below, patience patience....
If you are new to Forex? Say Goodbye to your account!!
  • #608,143
  • Jul 8, 2021 7:53pm Jul 8, 2021 7:53pm
Quoting KiwiTrada
{quote} not saying your Gold entries are good or bad, as always your choice, but as you are trading according to hourly chart, you just sold top of strong bullish encompassing candle, not wise, however Im watching daily and 4hr daily charts, there is potential for entry "around" your entry, but I feel PA needs more time to show itself, and expose a safetly for sl, not there just yet, just my 2cents :-)
this is a good entry , like it was at the top
i agree with you that i is better to wait for conformation
Attached Image (click to enlarge)
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yes yes yes
  • #608,144
  • Jul 8, 2021 7:54pm Jul 8, 2021 7:54pm
Quoting Moty
entered short to 1.37350 {image} {image} {image}
EMA 5?
  • #608,145
  • Jul 8, 2021 7:58pm Jul 8, 2021 7:58pm
Quoting KiwiTrada
{quote} 92 444 dix seems to be holding for now, patience required, NU bounced from 4hr support 69217 AU had dropped through falling LTL Daily, needs retest to confirm downward pressure, 7463ish EU bears are grinding support, again patience required, CAD bullish run has been awesome but strong resistance having effect for now 1 26000 psych yesterdays powerful bear candle, taking a breather as expected, if/when she attacks its low 9132, ground zero for bulls, fresh air below, patience patience....
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #608,146
  • Jul 8, 2021 7:59pm Jul 8, 2021 7:59pm
Quoting MidnightRun
{quote} EMA 5?
10 lwma or heiken ashi smooth
yes yes yes
  • #608,147
  • Jul 8, 2021 8:03pm Jul 8, 2021 8:03pm
Took long at 3773


3765 to 100 pips up today.

IMO.

Stop at 3767.
Intraday only.
  • #608,148
  • Jul 8, 2021 8:11pm Jul 8, 2021 8:11pm
Quoting navk
Took long at 3773 3765 to 100 pips up today. IMO. Stop at 3767.
today i really agree with you . my target near that supply zone 1.39000 area , really have my attention there
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #608,149
  • Jul 8, 2021 8:11pm Jul 8, 2021 8:11pm
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #608,150
  • Jul 8, 2021 8:16pm Jul 8, 2021 8:16pm
Quoting Moty
{quote} {image}{image}
Moty,

Better to follow pivot rule.

As per pivot rule, it needs to go up today....up..up... on break of 3800.

Crooks only ( in your language ) can push the price down.
Intraday only.
  • #608,151
  • Jul 8, 2021 8:16pm Jul 8, 2021 8:16pm
20/20 trade
Attached Image (click to enlarge)
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yes yes yes
  • #608,152
  • Jul 8, 2021 8:25pm Jul 8, 2021 8:25pm
btw today is friday , my position trade are limited. as i see from friday to next friday , price alway do almost the habit +_+
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #608,153
  • Jul 8, 2021 8:26pm Jul 8, 2021 8:26pm
Quoting kris89
{quote} today i really agree with you . my target near that supply zone 1.39000 area , really have my attention there
Agreed here, bear seems to be stalling.. It's also Friday, probably taking profits is in order and hence triggering short squeeze. Just my 2c.
  • #608,154
  • Jul 8, 2021 8:27pm Jul 8, 2021 8:27pm
Quoting Moty
{quote} this is a good entry , like it was at the top i agree with you that i is better to wait for conformation {image}
yes it was, depending when you entered, there were 2 confirmation candles to support an entry plus various other signs, if you look at gold right now there is nice doji in place hrly which give reasonable safety for stop loss, the high!! so not uncommon for you, see pa nice, just enter too early, my favorite word, traders best friend patience :-)
If you are new to Forex? Say Goodbye to your account!!
  • #608,155
  • Jul 8, 2021 8:44pm Jul 8, 2021 8:44pm
Quoting Moty
{quote} 10 lwma or heiken ashi smooth
Thanks!
  • #608,156
  • Jul 8, 2021 8:49pm Jul 8, 2021 8:49pm
Quoting Moty
{quote} {image}{image}
Moty, precisely the price should not drop below 3770.

So, I am adjusting my stop to 3769 and not 3767 as stated previously.
Intraday only.
  • #608,157
  • Jul 8, 2021 8:52pm Jul 8, 2021 8:52pm
Quoting navk
{quote} Moty, precisely the price should not drop below 3770. So, I am adjusting my stop to 3769 and not 3767 as stated previously.

your sl will hit
  • #608,158
  • Jul 8, 2021 8:53pm Jul 8, 2021 8:53pm
pound looks danger for me, so i trade this one,
it's look like will be a shampoo formation, but the head not ready yet,
if my blue drawing happen today, that high will be the shoulder.
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  • #608,159
  • Jul 8, 2021 8:54pm Jul 8, 2021 8:54pm
Quoting shakmoney
{quote} your sl will hit
if hit then the price just going another direction , just like that .

better low risk enter , the knife already show the way

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12345 - ABC
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #608,160
  • Jul 8, 2021 8:56pm Jul 8, 2021 8:56pm
Quoting shakmoney
{quote} your sl will hit
stop losses are placed to get out if trade direction is wrong.

I place only technical stop... and never place meaningless stop.

I am intraday trader, I can not and will not place 30/40 pips stop as this has no meaning.
Intraday only.
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