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Cable Update (GBPUSD)

  • #613,041
  • Jul 29, 2021 2:45pm Jul 29, 2021 2:45pm
Quoting babayaga
{quote} I think that direction is already down.., but she is like a locomotive trying to continue with the same direction.., I'd like to call it "inertia" Inertia is the resistance of any physical object to any change in its velocity. This includes changes to the object's speed, or direction of motion. An aspect of this property...


Golden rule for me is wait for the retest and break away swing, no retest no trade, whichever side breaks retests and pulls away is the one to go with, that is why i do not believe in forecasts.

I can say short then long etc but until the structure is fully complete i will not press the button, so at the moment the structure is changing again so it could be short.

Trade in the moment as price develops its structure, most of the time it works
Follow The Markets Structure - Patience and Discipline
  • #613,042
  • Jul 29, 2021 2:52pm Jul 29, 2021 2:52pm
Quoting kk300
Current daily volume is too low for this kind of bullish candle breaking some of the trend lines..... i think steam is just running out.. i am looking for short entry again...
It’s the graveyard shift no motion till morning
Insane in the Brain..
  • #613,043
  • Jul 29, 2021 2:55pm Jul 29, 2021 2:55pm
Quoting Waveskierrob
{quote} Sounds like me heading for the "Creeks End" pub
excuse me, please
I am not native speaker ( of English )
...and of course I can make a research of ""Creeks End" pub" meaning..,
but do not want to be lost in translation..,
please, explain me with simple words..,
is it bad.., or good.., or something else
thank you.., indeed

dolce vita
  • #613,044
  • Jul 29, 2021 3:05pm Jul 29, 2021 3:05pm
Quoting pipfarm
{quote} Golden rule for me is wait for the retest and break away swing, no retest no trade, whichever side breaks retests and pulls away is the one to go with, that is why i do not believe in forecasts. I can say short then long etc but until the structure is fully complete i will not press the button, so at the moment the structure is changing again so it could be short. Trade in the moment as price develops its structure, most of the time it works
thank you
clear explanation

all my best
dolce vita
  • #613,045
  • Jul 29, 2021 3:09pm Jul 29, 2021 3:09pm
Bullish momentum still strong.
1.4 likely to provide resistance perhaps to support below
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 33 KB
Compulsions can be hard to resist
  • #613,046
  • Jul 29, 2021 3:13pm Jul 29, 2021 3:13pm
Quoting babayaga
{quote} excuse me, please I am not native speaker ( of English ) ...and of course I can make a research of ""Creeks End" pub" meaning.., but do not want to be lost in translation.., please, explain me with simple words.., is it bad.., or good.., or something else thank you.., indeed
I think it’s just the name of the pub!
  • #613,047
  • Jul 29, 2021 3:21pm Jul 29, 2021 3:21pm
Quoting babayaga
{quote} excuse me, please I am not native speaker ( of English ) ...and of course I can make a research of ""Creeks End" pub" meaning.., but do not want to be lost in translation.., please, explain me with simple words.., is it bad.., or good.., or something else thank you.., indeed
The "Creeks End" is the name of my local pub (bar) so it is good
  • #613,048
  • Jul 29, 2021 3:21pm Jul 29, 2021 3:21pm
USD is a fail
Attached Image (click to enlarge)
Click to Enlarge Name: USDOLLARDaily1.png Size: 33 KB
Attached Image
Compulsions can be hard to resist
  • #613,049
  • Jul 29, 2021 4:27pm Jul 29, 2021 4:27pm
for now staying with around +30 pips gj, +10 cable & -5 euro.., sell
holding..,with "clenched teeth"
dolce vita
  • #613,050
  • Jul 29, 2021 4:39pm Jul 29, 2021 4:39pm
Quoting trumps
USD is a fail {image} {image}
Careful. Fundamentally it is strong. This could be a trap. In my opinion, EURUSD and GBPUSD moved up really fast out of nowhere. That tells me pump and dump. But will see don't have any positions on those currencies. I have sell positions on USDCHF.
  • #613,051
  • Jul 29, 2021 4:42pm Jul 29, 2021 4:42pm
Dxy to hit support at around 91.8 to 91.6. This is where to short cable. I see a possible rebound to 92.4 to 92.5. Then another fall as it is gonna make the next shoulder. This is possibly where to long cable. My thoughts. Still believe cable can hit 1.42 area, making triple top and begin drastic fall to 1.35 area. #My opinion please
  • #613,052
  • Jul 29, 2021 4:49pm Jul 29, 2021 4:49pm
Quoting Techanalyst
{quote} Careful. Fundamentally it is strong. This could be a trap. In my opinion, EURUSD and GBPUSD moved up really fast out of nowhere. That tells me pump and dump. But will see don't have any positions on those currencies. I have sell positions on USDCHF.
Didn't the pairs fall heavily too?
  • #613,053
  • Jul 29, 2021 4:56pm Jul 29, 2021 4:56pm
Quoting Nd10
{quote} Didn't the pairs fall heavily too?
Yes due to fundamentals. Now they are rising but not because of fundamentals. Fundamentally, EURUSD is still bearish. As for GBPUSD both currencies are strong so I am not trading two strong currencies vs each other. I pick strong vs weak.

I added sell positions on USDCHF because there is a demand zone on daily around 0.8994 area. Once it gets there, I will be looking to buy. So fundamentally USD is stronger than CHF but of course there are pullbacks to demand and supply zones like on every currencies.
  • #613,054
  • Jul 29, 2021 5:28pm Jul 29, 2021 5:28pm
Quoting babayaga
{quote} I like Danish people.., very much
I’d love to go to Denmark, I have a little scandi heritage (anche italiano) and am a huge fan of Agnes Obel who is Danish.
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Inserted Video
  • #613,055
  • Jul 29, 2021 5:56pm Jul 29, 2021 5:56pm
Quoting trumps
USD is a fail {image} {image}
nope not yet, weekly is printing bearish encompassing yes, smaller tf 4hr and daily previous lows in play, 4hr printed bullish doji @ 4hr low 91 849 previous daily low @ 91 846, potential for pullback, that weekly candle is a biggy any pull back should provide a few pips to close out daily weekly and monthly candles, entry is cheap right now pa 91 865 sl below 91 846 catch a bounce or catch a falling knife
If you are new to Forex? Say Goodbye to your account!!
  • #613,056
  • Jul 29, 2021 6:02pm Jul 29, 2021 6:02pm
Quoting Pat Chiko
{quote} Nice view. Now I'm jealous. Buy me souvenir, key chain and T-Shirt....ha haha Be safe, and don't swim the lake naked, the ranger will catch you doing so. PAT
Hi Pat,
Thanks. Of course! You forgot the mint cake? Lol
It's really nice here, waking up with spectacular views and the noice of . it's something! Weather could be better, but doesn't really matter as we are out and about. Water temperature is around 25, quite pleasant for a swim or any water activities.
On the way to the Lakes also stopped in the Peak District for a few days, visited Chastworth House, walked the valleys.
Few more days left of this joy.
  • #613,057
  • Jul 29, 2021 6:13pm Jul 29, 2021 6:13pm
Quoting Jolita
A few additional long trades opened with TP at 1.3920 and 1.3940. Will close before FOMC, as could go either way or both.
Due to limited access, missed to close my trades before the news release, even price dipted at first, still closed in profit.

Opened a few small buy trades earlier today with TP 1.3998.
Bying dips worked well for me.
I trade small lots.
GL
  • #613,058
  • Jul 29, 2021 6:56pm Jul 29, 2021 6:56pm
Quoting Pat Chiko
{quote} Hope some day , will be able to meet up, as long as you speak Queen English, i will able to understand. Other English or welsh, i will will struggle ..... {image}

Hello Pat,

Please teach me how to trade News...(Fundamental Analysis)


Thank you
My telegram: https://t.me/avidforex
  • #613,059
  • Jul 29, 2021 7:10pm Jul 29, 2021 7:10pm
Sell 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: pullback.png Size: 12 KB
My telegram: https://t.me/avidforex
  • #613,060
  • Jul 29, 2021 7:19pm Jul 29, 2021 7:19pm
Today. We are on supply stronger zone near 1.4000 i wish to see a drop today. But if we get some sign
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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