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Cable Update (GBPUSD)

  • #664,561
  • Jun 20, 2022 3:26am Jun 20, 2022 3:26am
Hmm, I might have to change my mind.
The floor at 1.2172 is bugging me.
I guess I will wait to see what happens.
Although any upwards move is probably going to be capped around 1.2280
  • #664,562
  • Jun 20, 2022 3:38am Jun 20, 2022 3:38am
today risks: No floor if the Railways Union and the Government have not reached an agreement on strike estimated to hold on 21June 2022
  • #664,563
  • Jun 20, 2022 3:44am Jun 20, 2022 3:44am
Quoting bilal1947
{quote} Long scalp close, short added, lets see if it pans out. {image}
what a nice watermark background.
  • #664,564
  • Jun 20, 2022 4:04am Jun 20, 2022 4:04am
still waiting for 2250 breaks for 2342 or as far possible to see next reaction , 2314 may enough though ! lets see
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 13 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #664,565
  • Jun 20, 2022 4:13am Jun 20, 2022 4:13am
Quoting Whale
R:R in pips 20:131 {image} base on this TA {image}
out -12

micro structure turned bullish
will wait for break down again

nothing to rush with this market conditions..
  • #664,566
  • Jun 20, 2022 4:22am Jun 20, 2022 4:22am
USDCAD H4 RSI divergence + retail sales data
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 26 KB
  • #664,567
  • Jun 20, 2022 4:35am Jun 20, 2022 4:35am
Quoting PatienceFx
USDCAD H4 RSI divergence + retail sales data {image}
to be exact
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 28 KB
  • #664,568
  • Jun 20, 2022 4:41am Jun 20, 2022 4:41am
Quoting Whale
{quote} out -12 micro structure turned bullish will wait for break down again nothing to rush with this market conditions..
could be some market news that BoE has removed the affordability calculator on mortgages to help more people to buy properties. Too risky imho as this could cause a major cluster fuck rig we hit a recession
Insane in the Brain..
  • #664,569
  • Jun 20, 2022 4:47am Jun 20, 2022 4:47am
Quoting BeeTogether
{quote} could be some market news that BoE has removed the affordability calculator on mortgages to help more people to buy properties. Too risky imho as this could cause a major cluster fuck rig we hit a recession
We are going down.
just looking for the optimal trading entry
  • #664,570
  • Jun 20, 2022 5:01am Jun 20, 2022 5:01am
Quoting BigNumbers
{quote} You’re absolutely correct, I feel Navk is trading with a software because his chart analysis are not always clear. Very cloudy, Don’t get me wrong, he’s a good trader but I feel he’s hiding something. Always talking about Asian high and low and opening and closing. Congrats on your winning.. I’m happy for you always!
to help you, if I can :

I look at 4 hr close.

5pm est, 1 pm est candles are so important to ascertain high/low of previous day.

If 1 pm est candle close high/low is not broken, then trade reverse.

Where will you take reverse trade ?

After hourly candle close.

The next day, wait until asia hourly high/low. Take reverse trade.

Two options to trade :

1) Reverse trade in NY session close

2) Reverse trade after asia high/low hourly is not broken the previous day 4 hr close.

Easy 40/50 pips can be had.

Today exactly the samething happened.
Intraday only.
  • #664,571
  • Jun 20, 2022 5:06am Jun 20, 2022 5:06am
Short 2246. See of I can get close to 50 pips TP. The 1hr candle closed as a beautiful doji and price is still firmly under the daily pivot of 2254. These are my reasons.
  • #664,572
  • Jun 20, 2022 5:19am Jun 20, 2022 5:19am
Pa now, legs can be subject to a little change if no news arounds! Smaller tf it is in a bull set until fail and ensues a bear one.
Attached Image (click to enlarge)
Click to Enlarge Name: sketch-1655720246940.png Size: 86 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #664,573
  • Jun 20, 2022 5:20am Jun 20, 2022 5:20am
Attached Image (click to enlarge)
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yes yes yes
  • #664,574
  • Jun 20, 2022 6:15am Jun 20, 2022 6:15am
sorry to bother u
do not trade cable right now.., but watch sometimes
imo quite strong formation above to go through easily..,
need to spike.., or "trend" to appear
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicro-h4-xm-global-limited-2 cable h4 20 06 b.png Size: 16 KB
H4 ichomoku chart
happy trading
dolce vita
  • #664,575
  • Jun 20, 2022 6:44am Jun 20, 2022 6:44am
Go my wonderful bulls and bring me the pips!
Risk Management is of utmost importance!
  • #664,576
  • Jun 20, 2022 6:54am Jun 20, 2022 6:54am
________________ hth = https://www.theforexguy.com/price-action-strategy/
Don’t focus on making $$$, focus on protecting what you have.
  • #664,577
  • Jun 20, 2022 7:19am Jun 20, 2022 7:19am
some one wanted my chart for my explanation sent thro PM.

This is demo trading platform, my real trading finished long ago in asia.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 19 KB
Click to Enlarge Name: GBPUSDM15.png Size: 20 KB
Intraday only.
  • #664,578
  • Jun 20, 2022 7:22am Jun 20, 2022 7:22am
Quoting RCtrader
Go my wonderful bulls and bring me the pips!
They dare not go anywhere when I am in a short trade. How dare they?
  • #664,579
  • Jun 20, 2022 7:27am Jun 20, 2022 7:27am
Quoting Mitiblotch
{quote} They dare not go anywhere when I am in a short trade. How dare they?

I have been plotting ways to cripple them for the past 15 mins. They have had a good time without our influence for Gods sake
Time is everything; Everything.
  • #664,580
  • Jun 20, 2022 7:31am Jun 20, 2022 7:31am
Quoting Mitiblotch
{quote} They dare not go anywhere when I am in a short trade. How dare they?
It depends on how many pips you are looking for. I usually go 10-20, and leave a chunk for more
Risk Management is of utmost importance!
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