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Cable Update (GBPUSD)

  • #666,821
  • Jul 1, 2022 9:20am Jul 1, 2022 9:20am
Quoting MrFanciful
Well after losing 94% of todays trades, I'm off to contemplate what else I can do with my life.
life is hard, keep strong.. may you always be healthy
https://breakpullback.com
  • #666,822
  • Jul 1, 2022 9:25am Jul 1, 2022 9:25am
Quoting Georginson
{quote} I agree with possible refresh of 1.1933 low before massive rocket up. The take off from that 1.1933 was weak and price still trading below 1.2212 means 1.19 in early July yet again before full blown take off to 1.2550 for July. My July 2022 Forecast: Possible High : 1.2550 - 1.2600 Possible Low: 1.1930 - 1.1880. Just my view and of course I may be wrong.
Welcome to July, this is already playing out.
Data + Stat + Risk/Emotions Management
  • #666,823
  • Jul 1, 2022 9:26am Jul 1, 2022 9:26am
Let’s see if we can close above 12000 if so then potential Monday be a breather with the US on holidays
Insane in the Brain..
  • #666,824
  • Jul 1, 2022 9:31am Jul 1, 2022 9:31am
Hi,

GBP plunge approaching a psychological support at 1.1940 so take care who shorted the pair or whom think to sell it now GBPUSD is getting in a dangerous zone.

Thanks
I always knew that someday I would make it big
  • #666,825
  • Jul 1, 2022 9:37am Jul 1, 2022 9:37am
Quoting MrFanciful
Well after losing 94% of todays trades, I'm off to contemplate what else I can do with my life.
Sport.. go for it.
football, rugby, gym..
it will make you feel better
  • #666,826
  • Jul 1, 2022 9:41am Jul 1, 2022 9:41am
Quoting ScalaFX
{quote} For clear view like I said before im started buying from 2100 my long term longs and will be adding every 5 pip run down till 2000 or 1950 TP will be 1.30 so every position 1000 pips medium
Wow wow wow! Closed some managing shorts, but! I think I will be building this positions one week or two not few hours
People don't plan to lose. They lose because they don't plan.
  • #666,827
  • Jul 1, 2022 9:41am Jul 1, 2022 9:41am
Quoting Whale
{quote} Sport.. go for it. football, rugby, gym.. it will make you feel better
Oops!! I thought I was alone on this.
Today has indeed been a day
  • #666,828
  • Jul 1, 2022 9:42am Jul 1, 2022 9:42am
...have we seen the actual lo of the day now? Some bulls went quiet as the day drew on, ...hope they used good risk and money management and live to fight another day, - it's the 1st job as a trader - preserve your capital.
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Trader with an Edge.
  • #666,829
  • Jul 1, 2022 9:50am Jul 1, 2022 9:50am
Come on false break
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yes yes yes
  • #666,830
  • Jul 1, 2022 9:50am Jul 1, 2022 9:50am
Looks 1976 is low for the day.

Bought here
Intraday only.
  • #666,831
  • Jul 1, 2022 9:51am Jul 1, 2022 9:51am
Yesterday bulls turned up and managed to mess things up a bit lol. First TP for me is 12100. Let’s see if we can get there next week hoping this is it for the bears (thanks btw helped recover most of my earlier losses from last week) just 10k short of b/e
Insane in the Brain..
  • #666,832
  • Jul 1, 2022 9:57am Jul 1, 2022 9:57am
Quoting Moty
This gu is unpredictable mf I switched tp long eu
Friend i hope you had not SERIOUSLY gone long on eurusd

Trade Safe
  • #666,833
  • Jul 1, 2022 10:03am Jul 1, 2022 10:03am
Quoting BeeTogether
Yesterday bulls turned up and managed to mess things up a bit lol. First TP for me is 12100. Let’s see if we can get there next week hoping this is it for the bears (thanks btw helped recover most of my earlier losses from last week) just 10k short of b/e
Could be realistic, last time also more than 61% Fib. I got long now, 1.2004, SL 1.1975 (I know it is stupid to place it here, but I have a strategy).
My Target is first 1.2040, then let's see. Currently I'm not quite sure why GBP is so weak. Interest Rates are fine - Probably try to push it as far as possible down. Of course the whipsaw later will be crazy.

Yearly Range already: 1700 Pips.
  • #666,834
  • Jul 1, 2022 10:05am Jul 1, 2022 10:05am
Quoting Jollson
{quote} Friend i hope you had not SERIOUSLY gone long on eurusd Trade Safe
EUR is almost fair priced currently, nothing compared to GBP/USD plunge we see. Never underestimate Interest rates, folks. It has huge impact.
  • #666,835
  • Jul 1, 2022 10:14am Jul 1, 2022 10:14am
Quoting Robinhood1
{image}
3 waves up now

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POSTMASTER
  • #666,836
  • Jul 1, 2022 10:44am Jul 1, 2022 10:44am
Quoting JackintheBox
{quote} Could be realistic, last time also more than 61% Fib. I got long now, 1.2004, SL 1.1975 (I know it is stupid to place it here, but I have a strategy). My Target is first 1.2040, then let's see. Currently I'm not quite sure why GBP is so weak. Interest Rates are fine - Probably try to push it as far as possible down. Of course the whipsaw later will be crazy. Yearly Range already: 1700 Pips.
+36 Pips. Fast money. Nice.
  • #666,837
  • Jul 1, 2022 10:44am Jul 1, 2022 10:44am
Quoting Moty
Will 1.20000 area will act as support again {image} {image}
The answer is yes
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yes yes yes
  • #666,838
  • Jul 1, 2022 10:45am Jul 1, 2022 10:45am
G/J... at the beginning of the month the bears are greedy
  • #666,839
  • Jul 1, 2022 10:45am Jul 1, 2022 10:45am
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MA provides the market's current direction and strength.
  • #666,840
  • Jul 1, 2022 10:48am Jul 1, 2022 10:48am
The beautiful thing is that before price goes up for good, it will range and accumulate forever at whatever bottom it forms and then fly up!

@Whale, price hit your buy area. Are you long now?
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