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Cable Update (GBPUSD)

  • #611,801
  • Jul 23, 2021 7:46am Jul 23, 2021 7:46am
Quoting pipfarm
{quote} Is this retail positions? Most other brokers showing net retail short
yes
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #611,802
  • Jul 23, 2021 7:48am Jul 23, 2021 7:48am
Quoting Almo2312
{quote} i think the bears got some beers and got some lazy mood
market decided to drive me crazy. If the high will break i’ll give up.
  • #611,803
  • Jul 23, 2021 7:48am Jul 23, 2021 7:48am
If that long tail on the weekly is anything to go by then bears are toast, ( yes i know the week has not closed yet)
Follow The Markets Structure - Patience and Discipline
  • #611,804
  • Jul 23, 2021 7:49am Jul 23, 2021 7:49am
sold 1.3763
  • #611,805
  • Jul 23, 2021 7:51am Jul 23, 2021 7:51am
  • #611,806
  • Jul 23, 2021 7:51am Jul 23, 2021 7:51am
Quoting gatenio
{quote} market decided to drive me crazy. If the high will break i’ll give up.
honestly closed it when i saw the small spike and now i waiting sidelines better one bird on hand ..

trade safe bro
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #611,807
  • Jul 23, 2021 7:52am Jul 23, 2021 7:52am
Quoting mysterio
First target 1.3850 {image}
yes, this is for today
Intraday only.
  • #611,808
  • Jul 23, 2021 7:53am Jul 23, 2021 7:53am
Quoting Pat Chiko
{quote} GU Scalping {image}
GU

RBS with "G" spot.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 008.jpg Size: 136 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #611,809
  • Jul 23, 2021 7:56am Jul 23, 2021 7:56am
Quoting navk
{quote} yes, this is for today
as for now looks like bulls out of steam..

but lets see..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #611,810
  • Edited 8:21am Jul 23, 2021 7:57am | Edited 8:21am
Quoting Georginson
A quick Poll for the Thread... 1.3677 or 1.3820 today... Which one?
Weird Fridays as usual. Now 1.3820 has 65% chance of occurrence, considering the time of the day and way and manner which price rejected 1.3720.

Price has tendency of finishing today with little or no reversal if it touches 1.3820.

As always nothing is 100% in forex which means I may be wrong.

Trade with utmost caution.
Data + Stat + Risk/Emotions Management
  • #611,811
  • Jul 23, 2021 8:03am Jul 23, 2021 8:03am
Looks like a run away


Will need Bruce Willis or Keanu to stop this one
Follow The Markets Structure - Patience and Discipline
  • #611,812
  • Edited 9:01am Jul 23, 2021 8:04am | Edited 9:01am
my long entry 3761.

stop 3748

TP 3850 for today
Intraday only.
  • #611,813
  • Jul 23, 2021 8:06am Jul 23, 2021 8:06am
tempted to try small short on cable 1 3777 and geppy152 13 but not liking the insane spreads, might jus stick with gold shorts 1804 58 instead or go to bed
If you are new to Forex? Say Goodbye to your account!!
  • #611,814
  • Jul 23, 2021 8:08am Jul 23, 2021 8:08am
Remember guys,

Friday NY session is usually one way.
Intraday only.
  • #611,815
  • Jul 23, 2021 8:10am Jul 23, 2021 8:10am
What manner of sorcery is this?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 25 KB
when you can accurately predict the future, you leave nothing to chance.
  • #611,816
  • Jul 23, 2021 8:12am Jul 23, 2021 8:12am
Friday is the day of classic reversals. Watch for reversal on hourly at 1.3782
  • #611,817
  • Jul 23, 2021 8:12am Jul 23, 2021 8:12am
I've always heard people saying things like the long term trend is your friend but it's so weird how it was so bearish then all of a sudden it's suddenly bullish.
It's so difficult to trade in the market...things can reverse anytime
  • #611,818
  • Jul 23, 2021 8:14am Jul 23, 2021 8:14am
So.. im the only bear?
  • #611,819
  • Jul 23, 2021 8:15am Jul 23, 2021 8:15am
hold it !!!!!
if it breaks , i am out
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 40 KB
yes yes yes
  • #611,820
  • Jul 23, 2021 8:17am Jul 23, 2021 8:17am
Quoting blaze1
I've always heard people saying things like the long term trend is your friend but it's so weird how it was so bearish then all of a sudden it's suddenly bullish. It's so difficult to trade in the market...things can reverse anytime
Trend just tells you what happened in the past

You need to have some way of looking forward too, you have to be ready for anything

This is a major selling area for the dollar so this isn't just a quick correction, mid 91s is the next major stop which means Cable will be at the levels seen around mid/end June

Look at the daily candles on the below chart, you can tell just by looking at it that the bulls were running out of steam and a reversal is imminent here

Ofc I can be wrong, it is forex they're not going to make it easy for people to make money, c'est la vie
Attached Image
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