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Cable Update (GBPUSD)

  • #608,681
  • Jul 12, 2021 4:14am Jul 12, 2021 4:14am
Beautiful context in GBPUSD today:
- No upcoming important events today
- Highest of the month formed today
- But now, moving downwards and 100 pips to Friday low

Will it make a new month high? or, will it move as aggressively as it did on Friday but in the opposite direction?

Those 100 pips to Friday low are really attractive.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 20210712.PNG Size: 22 KB
Algos Coder
  • #608,682
  • Jul 12, 2021 4:15am Jul 12, 2021 4:15am
This is the new system
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 07-12-2021 12.12.jpg Size: 155 KB
yes yes yes
  • #608,683
  • Jul 12, 2021 4:17am Jul 12, 2021 4:17am
Quoting Pat Chiko
{quote} GU EDITED : add H1 chart showing SRF zone, where trade exit. May see bounce from here. Scalping progress during Asia. It looks like it has flushed out a lot of weak bear holder during the rapid down during Asia session and going to take out their SL if they flip from short to long. Learn to dance with them. Highlighted in chart below typical weak holder shakeouts to them out of the game. The market is full of bullies and they want to trick you off your hard earned dough. {image} {image}
GU

Scalping

Attached Image (click to enlarge)
Click to Enlarge Name: gu 105.jpg Size: 246 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #608,684
  • Jul 12, 2021 4:17am Jul 12, 2021 4:17am
Quoting Moty
This is the new system {image}
I see a stop loss, congrats! Somebody was working on a weekend
How to succeed in zero sum game?
  • #608,685
  • Jul 12, 2021 4:24am Jul 12, 2021 4:24am
My take.....may re-test 1.3830 for me. Wait and see as usual.
Attached Image (click to enlarge)
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Lost....
  • #608,686
  • Jul 12, 2021 4:28am Jul 12, 2021 4:28am
will add short again @1.38750 , that area shining my eyes . maybe ill add more later
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #608,687
  • Jul 12, 2021 4:31am Jul 12, 2021 4:31am
Quoting gespiri
My take.....may re-test 1.3830 for me. Wait and see as usual. {image}

I agreed and like with your planning.

Here , I can share my plan for today and for the rest of the week on trading.

Hope it helps.


Attached Image (click to enlarge)
Click to Enlarge Name: waiting.jpg Size: 34 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #608,688
  • Jul 12, 2021 4:37am Jul 12, 2021 4:37am
Quoting Pat Chiko
{quote} I agreed and like with your planning. Here , I can share my plan for today and for the rest of the week on trading. Hope it helps. {image}
Attached Image
Everything is possible but not guaranteed
  • #608,689
  • Jul 12, 2021 4:38am Jul 12, 2021 4:38am
Quoting gespiri
My take.....may re-test 1.3830 for me. Wait and see as usual. {image}

Hi Gespiri.

Not a very good place for retest because of two reason as follows :

1. My stop loss for long position is 1.8400. For sure it will take out my SL.
2. Refer to # 1 above.

Thanks you for changing the re-test number.

regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #608,690
  • Jul 12, 2021 4:42am Jul 12, 2021 4:42am
Quoting losja
Beautiful context in GBPUSD today: - No upcoming important events today - Highest of the month formed today - But now, moving downwards and 100 pips to Friday low Will it make a new month high? or, will it move as aggressively as it did on Friday but in the opposite direction? Those 100 pips to Friday low are really attractive. {image}
You don't Think price may want to retest the Highs first?
  • #608,691
  • Jul 12, 2021 4:44am Jul 12, 2021 4:44am
Quoting kris89
will add short again @1.38750 , that area shining my eyes . maybe ill add more later
added . lets see which side will monday goes for

i wish to see last friday low for today , but lets try no to big hope , just follow the flow , and gain in the way there
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #608,692
  • Jul 12, 2021 4:49am Jul 12, 2021 4:49am
Quoting Pat Chiko
{quote} Hi Gespiri. Not a very good place for retest because of two reason as follows : 1. My stop loss for long position is 1.8400. For sure it will take out my SL. 2. Refer to # 1 above. Thanks you for changing the re-test number. regards PAT

The 1.3830 is last week's open price and this pair almost always test open prices.
Meanwhile, the lower test price is based on below chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 815a05082b96f2ba123ce0d21973c10d.png Size: 72 KB

Let's see how far this thing corrects. My medium TP is still 1.4010 before plunging.
Lost....
  • #608,693
  • Jul 12, 2021 4:50am Jul 12, 2021 4:50am
Quoting kris89
{quote} added . lets see which side will monday goes for i wish to see last friday low for today , but lets try no to big hope , just follow the flow , and gain in the way there
Perfect bro nicely timed

Selling has a bit to go yet
  • #608,694
  • Jul 12, 2021 4:52am Jul 12, 2021 4:52am
Quoting Waveskierrob
{image}
Trade with prediction = witch with her visions lol
  • #608,695
  • Jul 12, 2021 4:57am Jul 12, 2021 4:57am
Quoting OnlineAddict
{quote} And now trying a short from 3895...for 50 pips.
Taking 40 and moving on. Back to bullish slowly...
Everyone can see the chart, but only a few can actually read it.
  • #608,696
  • Jul 12, 2021 4:58am Jul 12, 2021 4:58am
Quoting dempire1
{quote} It amazes me how people are not reading/analysing what you are posting and still doing totally opposite (facepalm) The info you give is something that almost no one is giving out(not for free). Thank you Pat for existing!
Thanks for the public compliment D' Empire1.

Everyone need progress in their trading skills development from contributors on this forum who's posts are submitted for the benefit of others.
When information is submitted by these individuals and others like them and yourself, strictly for the purpose of helping others, it makes this forum the great place that I have found it to be.

There will always be skeptics, naysayers and negative detractors in any public gathering regardless of the common interests of that group.
Confidence in ourselves and in the direction that we are heading and goals that we are striving to achieve allow us to overlook the negative flack that appears in our daily lives.

This confidence in our cause is transferred to our trading skills as we progress along our paths and builds into an unstoppable force when it gains support from others.

Having an open mind to the input of data from all sources allows information to flow into our subconscious mind and adds to our personal data base whether we consciously agree with the concepts or not.
Our subconscious mind is exponentially wiser and more capable of sorting out useful, beneficial information from the myriad of rubbish that we are bombarded with daily.

Accepting input given freely by others and offering at least a humble thank you without criticism is an indication of personal self confidence that facilitates the free exchange of usable ideas and information between individuals, families, communities and nations.

Closed minds that lack personal self confidence to accept input or ideas from others feel threatened by what they mistakenly perceive as a higher intellect trying to impose it's way of thinking on them.
They throw up defenses and barriers to the flow of ideas in the form of negative criticism and personal attacks.

Well, let me tell you something...... I'm no smarter than the next dope trying to learn this trade.
Admitting to myself and to the world that I don't know s**t about a whole lot of things allows me to absorb so much more of what is available and build a foundation on very useful building blocks that others have graciously provided for me.

A very humble thank you to ALL of the contributors here that offer input in a positive, helpful way without a personal agenda.

From humble scalper

PAT aka Sang Real
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #608,697
  • Jul 12, 2021 5:00am Jul 12, 2021 5:00am
Quoting Moty
This is the new system {image}
Stopped out at bad entry ( price didn't close below the red ma)
2nd entry is good
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 07-12-2021 12.54.jpg Size: 123 KB
yes yes yes
  • #608,698
  • Jul 12, 2021 5:02am Jul 12, 2021 5:02am
buy 1.3860 . some pin bar on 5 min tf on the PIVOT

lets see.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #608,699
  • Jul 12, 2021 5:05am Jul 12, 2021 5:05am
Quoting gespiri
{quote} The 1.3830 is last week's open price and this pair almost always test open prices. Meanwhile, the lower test price is based on below chart. {image} Let's see how far this thing corrects. My medium TP is still 1.4010 before plunging.

Thanks Gesspiri for the enlighten.

Appreciate your post with chart to make me aware of level that I've missed/ overlook when taking the long scalp trade just now.

Thank again.


Now. where is the eject button or just let price take my SL ?

Attached Image (click to enlarge)
Click to Enlarge Name: gu 106.jpg Size: 160 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #608,700
  • Jul 12, 2021 5:07am Jul 12, 2021 5:07am
Attached Image (click to enlarge)
Click to Enlarge Name: 12071.png Size: 35 KB


just thinking about bull continuation from divergence on my daily chart, still have opportunity to meet 1.43.
we'll see where it goes in this week.
Everything is possible but not guaranteed
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