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Cable Update (GBPUSD)

  • #609,881
  • Jul 15, 2021 10:19pm Jul 15, 2021 10:19pm
switch sell
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #609,882
  • Jul 15, 2021 10:25pm Jul 15, 2021 10:25pm
Morning all, GU short here at 1.3838 SL 1.3865. Support turning resistance. If it holds during Frankfurt and LO, I would add another couple of shorts and would keep it till NY close. Good luck and green pips to all of you!
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Click to Enlarge Name: GU 16 July.jpg Size: 146 KB
Did you place your stop loss order? Why not?!? Story of my life...
  • #609,883
  • Jul 15, 2021 10:28pm Jul 15, 2021 10:28pm
usd cad yesterday , acted perfectly reversed correlated to the gu
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yes yes yes
  • #609,884
  • Jul 15, 2021 10:31pm Jul 15, 2021 10:31pm
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Current View GU
  • #609,885
  • Jul 15, 2021 10:34pm Jul 15, 2021 10:34pm
...always lots of contradictory indications in a range as to which way it might break, we now have 5min bullish hidden div present, but again hardly a 30min/1hr (next higher t/f in a t/f combo) uptrend to enter after a pullback. Has to go one way or another though. 3852 is 50% of y/day's fall. Take your pick, but base it on what you see, not what you think. The market doesn't care what we think should happen.
Trader with an Edge.
  • #609,886
  • Jul 15, 2021 10:47pm Jul 15, 2021 10:47pm
Covid -19 case was raised in England official no was 48553 yesterday alone


will it impact GBPUSD?

Daily summary | Coronavirus in the UK (data.gov.uk)
  • #609,887
  • Jul 15, 2021 10:50pm Jul 15, 2021 10:50pm
Yesterday's open price in blue. I'll wait for a spike to these levels by UK time before deciding. Let's wait and see....
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Lost....
  • #609,888
  • Jul 15, 2021 10:58pm Jul 15, 2021 10:58pm
Yes yes yes!!!
The break is here
Show me the money mf
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yes yes yes
  • #609,889
  • Jul 15, 2021 11:00pm Jul 15, 2021 11:00pm
... solid 1hr bearish close
Trader with an Edge.
  • #609,890
  • Jul 15, 2021 11:01pm Jul 15, 2021 11:01pm
Quoting GrowthxFund
{quote} This is REALLY AMAZING!! Very few traders are able to achieve this. Please kindly share your pips-meter.
H Growthx,
Thank you for your kind words, truth be spoken, anyone can achieve this. It just takes a different mindset.
Indicator attached:
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Cheers.
Trade to trade another day
  • #609,891
  • Jul 15, 2021 11:01pm Jul 15, 2021 11:01pm
Will confirm once it breaks 1.38204
  • #609,892
  • Jul 15, 2021 11:04pm Jul 15, 2021 11:04pm
... London fx open kicks in as does the 30min bearish hidden div @ the current p/back hi...1hr below. Nice!

If the 20/50/100 ema crosses are any guide, they are currently as below.
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Attached Image
Trader with an Edge.
  • #609,893
  • Jul 15, 2021 11:32pm Jul 15, 2021 11:32pm
strong pullback but only to the 50% retracement of last move
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yes yes yes
  • #609,894
  • Jul 15, 2021 11:36pm Jul 15, 2021 11:36pm
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #609,895
  • Jul 15, 2021 11:40pm Jul 15, 2021 11:40pm
Opened long here, but still not sure
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Click to Enlarge Name: GU.png Size: 60 KB
  • #609,896
  • Jul 15, 2021 11:42pm Jul 15, 2021 11:42pm
... things can change so quickly in a range and seemingly randomly. Right now just based on price's proximity to the hi and lo of the current immediate 3910-3800 1hr/4hr range you would say a downside break is more probable, but who knows?
Trader with an Edge.
  • #609,897
  • Jul 15, 2021 11:45pm Jul 15, 2021 11:45pm
Quoting kris89
entered short at last @1.38365 again >.<
SL to BEP , a giant lot awaiting to dive . if possible tonight we can see 1.37150
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #609,898
  • Jul 15, 2021 11:51pm Jul 15, 2021 11:51pm
...the big unknown - how much demand left in that prev 1hr/4hr x 3/minor dly sw lo zone extending down to 3800/3799, if tested?

EDIT: 1hr chart added below...being tested now.
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Trader with an Edge.
  • #609,899
  • Jul 15, 2021 11:54pm Jul 15, 2021 11:54pm
Y's low is broken!!!!!
Yea yes yes
1.38050
35 pips to tp
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yes yes yes
  • #609,900
  • Jul 15, 2021 11:55pm Jul 15, 2021 11:55pm
That support at 1.3838 turned resistance from yesterday’s London session is holding nicely so far. I do not expect the price to go above it today. LO will give us an idea of what is going on in 7 minutes
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Click to Enlarge Name: GBP USD 16 July 1.jpg Size: 176 KB
Did you place your stop loss order? Why not?!? Story of my life...
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