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Cable Update (GBPUSD)

  • #608,861
  • Jul 12, 2021 5:37pm Jul 12, 2021 5:37pm
i close long position
new postion short 1.38900 sl 25 pip
tp 1.37310
Like me, cuts losses quickly. But has more patience and lets his winn
  • #608,862
  • Jul 12, 2021 5:57pm Jul 12, 2021 5:57pm
Quoting KiwiTrada
{quote} wow signs of a very bad trader, insanity is doing the same thing over and over and expecting a different outcome!!!!!!!!!!!!! you are clearly focused on maximizing return- badly Why dont you focus on minimizing loss according to your chart entry 9036 .10 lot and 8537 .15 lot close them now and all red trades will be covered with decent profit, put sl on 1549, 1729 @ BE + 5 pips 3867 & ????(cant see) @ BE all other put sl @ sub 3871 or close, Buying a strong psych level 1 39000 1hr 4hr daily and weekly previous highs was impatient poorly...
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yes yes yes
  • #608,863
  • Jul 12, 2021 6:03pm Jul 12, 2021 6:03pm
Quoting Moty
{quote} {image}{image}

1 minute your short and 1 minute you are long, joke
  • #608,864
  • Jul 12, 2021 6:32pm Jul 12, 2021 6:32pm
Drop is what I am looking below 3895.

Yeah, my bag is emty to fill up.
Intraday only.
  • #608,865
  • Jul 12, 2021 6:41pm Jul 12, 2021 6:41pm
Scalping short on Asia session
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  • #608,866
  • Jul 12, 2021 6:58pm Jul 12, 2021 6:58pm
Quoting Moty
{quote} {image}{image}
??? doesnt matter what timeframe, they dont support your "predictive direction" hrly is clearly ranging east, 1 37 - 1 39, daily is in pullback mode of big bull trend 1 1500 ish - 1 42500, and also ranging east 1 3700 - 1 4250
pa now, hrly is near top of range, daily is approx 40% from bottom of range possible more north on cards, but neither support "good" buys" in fact better option is to be looking for shorts hrly until pa clears top of range 1 3900 or better yesterday high 1 3908ish, even then requires a pullback retest to confirm bulls are even there??
If you are new to Forex? Say Goodbye to your account!!
  • #608,867
  • Jul 12, 2021 7:15pm Jul 12, 2021 7:15pm
UK keep the plan to full opening next week.
Peace Yo!
  • #608,868
  • Edited 7:38pm Jul 12, 2021 7:21pm | Edited 7:38pm
Quoting KiwiTrada
{quote} ??? doesnt matter what timeframe, they dont support your "predictive direction" hrly is clearly ranging east, 1 37 - 1 39, daily is in pullback mode of big bull trend 1 1500 ish - 1 42500, and also ranging east 1 3700 - 1 4250 pa now, hrly is near top of range, daily is approx 40% from bottom of range possible more north on cards, but neither support "good" buys" in fact better option is to be looking for shorts hrly until pa clears top of range 1 3900 or better yesterday high 1 3908ish, even then requires a pullback retest to confirm bulls...
I monitor GB100 Copper Silver Gold AU EU NU GU To determine US$ status, Gj Uj to detrmine yen status U Chf to determine franc status anyone no studying US$ Franc Yen is trading blind
right now uj is grinding 4hr resistance 110 43ish gj 4hr neckline of inverted H&S 153 38ish if they hold show yen strength, gold 4hr top of range dix bottom of range, 20% from bottom of range, cad is anomaly, time required, she is re-testing bo of neckline of H&S 4hr right now eu is in diamond compressing gu as above shows, yen potential appreciation usd @ war, swiss potential SNB intervention to pump north blah blah

I dont see any really good entries, currencies are disjointed and unstable, I have decided to focus on gold, direction will be clarified at GB100 / Brit Open in 4 1/2 hrs from now, waiting
ps as typing cable about to test 1 3900 - 1 3908, I will defend :-)
If you are new to Forex? Say Goodbye to your account!!
  • #608,869
  • Jul 12, 2021 7:35pm Jul 12, 2021 7:35pm
Quoting mrluckystar
UK keep the plan to full opening next week.
So if GBP got stronger then we should see more bullish candles.
Try the simple and make it for you ~
  • #608,870
  • Jul 12, 2021 7:36pm Jul 12, 2021 7:36pm
bull pennant at H1 chart in my mind
Everything is possible but not guaranteed
  • #608,871
  • Jul 12, 2021 7:49pm Jul 12, 2021 7:49pm
3900 had been attack 4 times...
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Peace Yo!
  • #608,872
  • Jul 12, 2021 7:50pm Jul 12, 2021 7:50pm
from the daily candle , also weekly
i`ve a good feeling of shorting these pair for a moment at least the last low , or even lower .

the price is stiffing around 1.3900 -1.39100 breach these will be 1.39600 for good turn hard , if 1.3900 hold we soon will see the reverse
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #608,873
  • Jul 12, 2021 7:54pm Jul 12, 2021 7:54pm
Quoting mrluckystar
3900 had been attack 4 times... {image}
Nice TL skillset.. keep it up bro..
  • #608,874
  • Jul 12, 2021 8:31pm Jul 12, 2021 8:31pm
Quoting dempire1
{quote} Dollar reversed from the 92.832 and remains bearish until 91.510. Once 91.510 is reached it might continue to pull higher or drop down further to 90.620 area. Just need to watch price. Now on every pullback that dollar does GU drops to fill its range which I think is 1.367 lows. They need sellers in order to pull higher and vice versa.
The obsession with 1.39 is amazing

Dollar made it to 92.832, its bearish. There is no other way around. I failed thinking that GU will swipe out 1.367 because it was just around 100 pips away. If I would be market maker I would sweep it out #sadlyimnot but... Mistakes are valuable—not something negative or something to be embarrassed by. Take time to learn from them.

Now looking at DXY another area for possible reversal is 90.600 - 91.513. So taking that into consideration another area to look for in GU is 1.400ish. Now that doesn't mean it will straight shoot up there. There is liquidity resting 1.38392. There will be pullbacks both on GU and DXY. Follow the liquidity and be aware of what are they trying to do or who are they trying to get out of the game
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How to succeed in zero sum game?
  • #608,875
  • Jul 12, 2021 8:34pm Jul 12, 2021 8:34pm
my shorts ( some ) have stops at 3906.

Some have at 3910.

I am just taking chance, as this level is very good resistance.

But then..who knows it can break.

This will give very good RR, if this resists
Intraday only.
  • #608,876
  • Jul 12, 2021 8:35pm Jul 12, 2021 8:35pm
Tp 1.39070 and 1.39150
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yes yes yes
  • #608,877
  • Jul 12, 2021 8:41pm Jul 12, 2021 8:41pm
Quoting navk
my shorts ( some ) have stops at 3906. Some have at 3910. I am just taking chance, as this level is very good resistance. But then..who knows it can break. This will give very good RR, if this resists

what’s your target for short
  • #608,878
  • Jul 12, 2021 8:54pm Jul 12, 2021 8:54pm
Quoting kris89
from the daily candle , also weekly i`ve a good feeling of shorting these pair for a moment at least the last low , or even lower . the price is stiffing around 1.3900 -1.39100 breach these will be 1.39600 for good turn hard , if 1.3900 hold we soon will see the reverse
stick to plan , ill update when the price is goes before L.O
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #608,879
  • Jul 12, 2021 8:54pm Jul 12, 2021 8:54pm
Quoting shakmoney
{quote} what’s your target for short
Nothing in mind now. Will watch PA. I consider stop is important always
Intraday only.
  • #608,880
  • Jul 12, 2021 8:55pm Jul 12, 2021 8:55pm
Added some shorts, let see will hit SL or TP
Attached Image (click to enlarge)
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