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Cable Update (GBPUSD)

  • #668,121
  • Jul 8, 2022 7:37am Jul 8, 2022 7:37am
Quoting ScalaFX
Price wont fall
They can still play basketball with today's low if they feel like it.
I wouldn't take a trade in the middle of the day's range for that very reason.
But then I don't trade NFP.
  • #668,122
  • Jul 8, 2022 7:38am Jul 8, 2022 7:38am
Easy though wait for this 15m to close and maybe even next. No need to risk again!
  • #668,123
  • Jul 8, 2022 7:40am Jul 8, 2022 7:40am
Quoting TheWolf
Easy though wait for this 15m to close and maybe even next. No need to risk again!
Bears trap started I think, I could be wrong
People don't plan to lose. They lose because they don't plan.
  • #668,124
  • Jul 8, 2022 7:41am Jul 8, 2022 7:41am
I will wait till 15:45 pm UK time before taking my position again. Let the dust settle.
Data + Stat + Risk/Emotions Management
  • #668,125
  • Jul 8, 2022 7:43am Jul 8, 2022 7:43am
Quoting ScalaFX
{quote} Bears trap started I think, I could be wrong
There's already one there.
Having said that, the market moves to kill support/resistance traders, breakout traders, and market chasers.
That's just how the game goes.
  • #668,126
  • Jul 8, 2022 7:43am Jul 8, 2022 7:43am
USD/JPY seems to be heading for 137. I will trade it on Monday when Kuroda speaks.
  • #668,127
  • Jul 8, 2022 7:43am Jul 8, 2022 7:43am
Quoting ScalaFX
{quote} Bears trap started I think, I could be wrong
Could that be because of buying pressure?
  • #668,128
  • Jul 8, 2022 7:46am Jul 8, 2022 7:46am
We have to wait..USD/CAD also suspicious. When USD/CAD starts going down we are safe to go long.
  • #668,129
  • Jul 8, 2022 7:46am Jul 8, 2022 7:46am
Quoting TheWolf
Expecting buy now and only buy. LET'S GO
300 pips collected on the news
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 18 KB
  • #668,130
  • Jul 8, 2022 7:49am Jul 8, 2022 7:49am
Quoting Georginson
I will wait till 15:45 pm UK time before taking my position again. Let the dust settle.
strange thing was it felt like a muted movement until a few mins ago
Insane in the Brain..
  • #668,131
  • Jul 8, 2022 7:49am Jul 8, 2022 7:49am
long 1.1955 tp 1.2250
MY OPINION NOT FINANCIAL ADVISE
  • #668,132
  • Jul 8, 2022 7:51am Jul 8, 2022 7:51am
I'm just sad we won't see EUR/USD parity..
  • #668,133
  • Jul 8, 2022 7:53am Jul 8, 2022 7:53am
Quoting donfriday
long 1.1955 tp 1.2250
You very well may be right that buy has already started.
  • #668,134
  • Jul 8, 2022 7:54am Jul 8, 2022 7:54am
Added 1960 1970 to earlier longs
People don't plan to lose. They lose because they don't plan.
  • #668,135
  • Jul 8, 2022 7:54am Jul 8, 2022 7:54am
its grab the pips n run day
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 22 KB
  • #668,136
  • Jul 8, 2022 7:54am Jul 8, 2022 7:54am
...nice solid moves on the 1min for the data react and after...all very mixed...this current lack of direction reflected too on 1hr. Good end to week.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
Trader with an Edge.
  • #668,137
  • Jul 8, 2022 7:56am Jul 8, 2022 7:56am
The Us02Y hike upon the Nfp today, as the unemployment is @ 3.6%. Meaning the us economy could more rate hike (75bps)? Thats bullish for Uj but bearish trend may continue for GU but may visit 1.21074 range first before going to the earth core?
More time in the market, does not mean you trade better!
  • #668,138
  • Jul 8, 2022 7:57am Jul 8, 2022 7:57am
let see how it goes
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2022-07-08 12-56-38-443.jpg Size: 131 KB
MY OPINION NOT FINANCIAL ADVISE
  • #668,139
  • Jul 8, 2022 7:57am Jul 8, 2022 7:57am
1H closing ablove 1.19875 is a buy signal.
  • #668,140
  • Jul 8, 2022 7:58am Jul 8, 2022 7:58am
Quoting donfriday
let see how it goes {image}
I'm with you, few pips higher than you!
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