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Cable Update (GBPUSD)

  • #611,321
  • Jul 21, 2021 1:16pm Jul 21, 2021 1:16pm
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  • #611,322
  • Jul 21, 2021 1:17pm Jul 21, 2021 1:17pm
Quoting pipfarm
Who actually traded this move? , because a lot of chit chat after as always Are we here to trade or just talk a lot about after the event? Post your chart your timeframe your explanation for the trade etc, that is all that is needed
The chit chat is most of the time traders with underwater trades from 1.38
  • #611,323
  • Jul 21, 2021 1:23pm Jul 21, 2021 1:23pm
Short from 1.371x, fingers crossed.
  • #611,324
  • Jul 21, 2021 1:32pm Jul 21, 2021 1:32pm
Quoting pipfarm
Who actually traded this move? , because a lot of chit chat after as always Are we here to trade or just talk a lot about after the event? Post your chart your timeframe your explanation for the trade etc before the fact , that is all that is needed
I caught the whole move and I also shared it...
My telegram: https://t.me/avidforex
  • #611,325
  • Jul 21, 2021 1:43pm Jul 21, 2021 1:43pm
Quoting gatenio
{quote} The chit chat is most of the time traders with underwater trades from 1.38
lol that’s me still dreaming of maheees 5000% rise to 1.5
Insane in the Brain..
  • #611,326
  • Jul 21, 2021 1:45pm Jul 21, 2021 1:45pm
I was just curious to know can anyone answer me , before 2 hours of daily candle closure ,there are more gaps created on 1min time frame , why is it so?
  • #611,327
  • Jul 21, 2021 1:55pm Jul 21, 2021 1:55pm
Quoting BeeTogether
{quote} lol that’s me still dreaming of maheees 5000% rise to 1.5
Yes, BeeTogether I agree with you.
Lets wait and see, sneeky cable has unfunished business, especially when everyone is shorting.

Pipfarm,
Whats the point in sharing same charts 5 x times a day, we all have? We trade different. I trade from phone, working also, rarely use pc, can't do match with charts due to limited space.

Gatenio, I hold trades since 1.4, so what is your problem? Nit everyone is a scalper.
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  • #611,328
  • Edited 2:47pm Jul 21, 2021 2:12pm | Edited 2:47pm
Once again we have less volume in the pullback, which is usual, but lower volume on the high. Rising on falling volume. Not talking about after the fact but what is happening now. I think this is a double top and will look to short but obviously this is my opinion only and could be wrong. Will wait for confirmation and hope to catch some pips on the way down if correct. Not preemptively.
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  • #611,329
  • Jul 21, 2021 2:16pm Jul 21, 2021 2:16pm
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that was this morning look . Nearly there
  • #611,330
  • Jul 21, 2021 2:18pm Jul 21, 2021 2:18pm
Since we are here to trade, where is Buy/Sell buttons, please?
Air force
  • #611,331
  • Jul 21, 2021 2:20pm Jul 21, 2021 2:20pm
Quoting mysterio
Yea we tapped into supply up here, enough to get a reaction anyway. See if it causes anything. Locking in v quickly, any funny business i'm out {image}
Out BE, revisit tomorrow

Stong bulls, seems more like a reversal to me based on the DXY situ, been expecting the reversal to kick in there for a wk or two. Not sure.
  • #611,332
  • Jul 21, 2021 2:21pm Jul 21, 2021 2:21pm
Quoting Georginson
{quote} This correction is imminent for another fall to happen. This correction should end between 1.3730 - 1.3770 before another fall to 1.35 again.
I would think it looks that way
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Compulsions can be hard to resist
  • #611,333
  • Jul 21, 2021 2:24pm Jul 21, 2021 2:24pm
3734 ish is 50% fib number 3775 61.8% fib so careful up here also 4 hour chart 50 ema
  • #611,334
  • Jul 21, 2021 2:39pm Jul 21, 2021 2:39pm
Tomorrow is drop cycle
  • #611,335
  • Jul 21, 2021 2:49pm Jul 21, 2021 2:49pm
Quoting Ihlas
Tomorrow is drop cycle
why?
  • #611,336
  • Jul 21, 2021 2:57pm Jul 21, 2021 2:57pm
has to be down
dolce vita
  • #611,337
  • Jul 21, 2021 3:09pm Jul 21, 2021 3:09pm
Quoting superamigo
{quote} why?
Cause I'm selling (Joke)
Trendlines and Pressure from 1.37400
This is for Asian session. Will sell higher in LO
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  • #611,338
  • Jul 21, 2021 3:12pm Jul 21, 2021 3:12pm
Quoting Ihlas
{quote} Cause I'm selling (Joke) Trendlines and Pressure from 1.37400
what TF?
  • #611,339
  • Jul 21, 2021 3:13pm Jul 21, 2021 3:13pm
Quoting W0lfram
{quote} Out. Short here to support my pile of leaves left @ 1.3625 Demo){image}
~50+ pip down, imo, based on what I know about regression to the mean on MACD. If nothing gonna ruin it
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Air force
  • #611,340
  • Jul 21, 2021 3:30pm Jul 21, 2021 3:30pm
Quoting Wavegarrick
{quote} Hi Scotteyy, Thank you and also @ Coyoteugly, thanks, friend. To answer your question. If we start showing clear bullish signals I will close some of my sell trades. In the past I was target orientated and would close a basket at 500 pips or so. Here's the thing. Starting afresh and opening new trades brings a whole new set of psychological issues for me. Even though I know we are in a trend I always sit and think that we could be nearing the end of the cycle or a trend, I will either be too scared to open trades or I will open a trade and...
Thanks for replying. Agreed on the psychological issues, common thoughts for me are "am I leaving pips on the table, should I get back in?" which results in emotional trading and losing trades, something I'm trying to train myself out of. Also agree on the fact that exit's are more difficult than entries. In my past year and a half of trading I went from trading without stop losses and taking profit at just a few pips, to applying strict stop losses but still cutting winner shorts. The past 9 months I've been profitable with an RR of 1:1.5 although initially targeting 1:2/1:3 on most trades (of which they normally reach after I close). As you can see exit is still my problem and something I'm working to refine so I appreciate the advice!
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