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Cable Update (GBPUSD)

  • #667,421
  • Jul 6, 2022 1:48am Jul 6, 2022 1:48am
UK Finance minister Zahawi
Key quotes
Asked about the corporation tax cut, he said, “I will look at everything to make sure we continue to be on the side of people.”
“Wrong to indulge in infighting.”
“We need to be fiscally responsible.”
“Nothing is off the table.”
“We have to work with BOE to make sure monetary policy is right.”
On energy prices, “We have to make sure we have an energy strategy that allows us to invest in nuclear.”
“On fuel duty: “I will look at everything.”
“Tax cuts amongst most important things to do.”
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  • #667,422
  • Jul 6, 2022 1:56am Jul 6, 2022 1:56am
My 2p worth. We may see a rise up to 120 so far it rejected higher than 11970 however from the 1H chart below I think we may have seen a double bottom so it could be a rise up with 11950 being a new support area as the days go on
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Insane in the Brain..
  • #667,423
  • Jul 6, 2022 2:00am Jul 6, 2022 2:00am
...on the 4hr that effective double bottom 1933/1976 acting as potential sbr now, (has already done so once,) runs up to circa 2005, 2000 on 1hr.
First 3 fib cluster to upside = 2009-20. next 2032-43.

4hr below
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Trader with an Edge.
  • #667,424
  • Jul 6, 2022 2:04am Jul 6, 2022 2:04am
I'm long
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yes yes yes
  • #667,425
  • Jul 6, 2022 2:14am Jul 6, 2022 2:14am
...current 10/20/50 ema crosses...well it does start bottom up lol!

below
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Trader with an Edge.
  • #667,426
  • Jul 6, 2022 2:14am Jul 6, 2022 2:14am
Quoting Moty
I'm long {image} {image}
GU

Nice netry Moty...

Trying my luck to short scalp.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,427
  • Jul 6, 2022 2:17am Jul 6, 2022 2:17am
Quoting Pat Chiko
{quote} GU Nice netry Moty... Trying my luck to short scalp. {image}
Why you dont copying Motys trades like usually?
People don't plan to lose. They lose because they don't plan.
  • #667,428
  • Jul 6, 2022 2:24am Jul 6, 2022 2:24am
Quoting ScalaFX
{quote} Why you dont copying Motys trades like usually?
good question
Face 'ur fears & tame 'ur greed
  • #667,429
  • Jul 6, 2022 2:24am Jul 6, 2022 2:24am
Quoting ScalaFX
{quote} Why you dont copying Motys trades like usually?

Ohhhh. Damn ,

Made error in N3.

Now finding ways to minimise the mistakes.

Dammmned. Where do I get out of this short position ( in negative)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,430
  • Jul 6, 2022 2:26am Jul 6, 2022 2:26am
...that 1st test of the prev 1hr/4hr sw lo zone down to y/day's lo came @ an effective HL and a bullish 1hr candle close off it. Testing prev sw lo zone starting @ 1976 now @ the current dly hi = pot sbr.

1hr below
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Trader with an Edge.
  • #667,431
  • Jul 6, 2022 2:26am Jul 6, 2022 2:26am
Quoting Pat Chiko
{quote} Ohhhh. Damn , Made error in N3. Now finding ways to minimise the mistakes. Dammmned. Where do I get out of this short position ( in negative)
Fast
People don't plan to lose. They lose because they don't plan.
  • #667,432
  • Jul 6, 2022 2:29am Jul 6, 2022 2:29am
100 pips today from 1950
I am long from 1940.
Stop 1914
Intraday only.
  • #667,433
  • Jul 6, 2022 2:32am Jul 6, 2022 2:32am
Testing long entered at 1.1939, tp 1.2118, sl below lows 1.1888.

W building, 30 min chart
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  • #667,434
  • Jul 6, 2022 2:36am Jul 6, 2022 2:36am
...there is 1hr bearish hidden div present @ current dly hi but has potential to develop further on any deeper pullback of y/day's downmove and whilst price under y/day's hi...this said it is not optimum PA so far leading to it with that effective 1hr HL at current dly lo.

@/around 1994 is DP. 2013 is 50% of y/day's move.
Trader with an Edge.
  • #667,435
  • Jul 6, 2022 2:38am Jul 6, 2022 2:38am
Quoting ScalaFX
{quote} Fast
GU

Ohhhh. my....damn.....

Newbie error can be costly. Sorry guys, I'm still learning.

Trying to get out now by averaging my position

Hope price will pull back with some luck will average my loss position to zero

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,436
  • Jul 6, 2022 2:41am Jul 6, 2022 2:41am
Quoting Jolita
Testing long entered at 11939, tp 1.2118 below lows 11888.
Now, even Jolita is getting LONG train heading North.

I'm in troubles.=, going against Moty & Jolita..........
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,437
  • Jul 6, 2022 2:46am Jul 6, 2022 2:46am
Quoting Pat Chiko
{quote} Now, even Jolita is getting LONG train heading North. I'm in troubles.=, going against Moty & Jolita..........
time to get out with a small loss?
Insane in the Brain..
  • #667,438
  • Jul 6, 2022 2:47am Jul 6, 2022 2:47am
Shorted GU
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  • #667,439
  • Jul 6, 2022 2:48am Jul 6, 2022 2:48am
Time for Sterling to take the beating.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,440
  • Jul 6, 2022 2:48am Jul 6, 2022 2:48am
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yes yes yes
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