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Cable Update (GBPUSD)

  • #669,261
  • Jul 13, 2022 7:34am Jul 13, 2022 7:34am
we are in a descending channel still
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Trendlines H1,H4, SMC
  • #669,262
  • Jul 13, 2022 7:34am Jul 13, 2022 7:34am
Bulls will have to wait some more !!! I hope no one feels like Charlie here
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #669,263
  • Jul 13, 2022 7:34am Jul 13, 2022 7:34am
Quoting ScalaFX
{quote} Some fats from bottom makes me at plus all my net, I decided to close some at 1940 betters last with BE SL, half hour to important data so better to protect money, only from 1850 to 1900 last 50% from all od it, when data will be good I will add more then when all close I will be buying under the new low
dobry wybór
POSTMASTER
  • #669,264
  • Jul 13, 2022 7:35am Jul 13, 2022 7:35am
Quoting Waveskierrob
{quote} I'm mostly SHORT on GU... bring it on
WTF ?
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #669,265
  • Jul 13, 2022 7:35am Jul 13, 2022 7:35am
Quoting Waveskierrob
{quote} I'm mostly SHORT on GU... bring it on
Closed all SHORTS
  • #669,266
  • Jul 13, 2022 7:36am Jul 13, 2022 7:36am
Quoting Robinhood1
{quote} dobry wybór
Hahaha Yes!
People don't plan to lose. They lose because they don't plan.
  • #669,267
  • Jul 13, 2022 7:36am Jul 13, 2022 7:36am
Starting longing light, will add more
People don't plan to lose. They lose because they don't plan.
  • #669,268
  • Jul 13, 2022 7:37am Jul 13, 2022 7:37am
Quoting Waveskierrob
{quote} Closed all SHORTS
Nice!
  • #669,269
  • Jul 13, 2022 7:37am Jul 13, 2022 7:37am
Quoting TheWolf
Now we wait for going long.
Maybe around 1.1505
POSTMASTER
  • #669,270
  • Jul 13, 2022 7:39am Jul 13, 2022 7:39am
Quoting Pat Chiko
Nervousness ahead of the US CPI number today. One major European bank put out its estimate as 9% vs the street consensus of 8.8%. Fed futures now showing an 11.8% chance of a 100 bps rate hike by the Fed on Jul 27th and 88.2% for a 75 bps hike. {image} Based on historical month on month changes of the CPI: • A surge above 8.76% would be a bad news. • A drop below 8.32% would be a pretty good news. So which one is it going to be?
Thats no longer bad news,
Its very very bad news
More time in the market, does not mean you trade better!
  • #669,271
  • Jul 13, 2022 7:40am Jul 13, 2022 7:40am
Quoting Pat Chiko
{quote} WTF ? {image}
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  • #669,272
  • Jul 13, 2022 7:40am Jul 13, 2022 7:40am
Quoting Robinhood1
{quote} Maybe around 1.1505
Hahah
  • #669,273
  • Jul 13, 2022 7:43am Jul 13, 2022 7:43am
Took about the move at the right time ,
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yes yes yes
  • #669,274
  • Jul 13, 2022 7:43am Jul 13, 2022 7:43am
Yeah... I don't think S & R play any role here anymore.
  • #669,275
  • Jul 13, 2022 7:43am Jul 13, 2022 7:43am
https://www.zerohedge.com/markets/wo...ly-22-doomsday

I've taken my cash out of this short. Well above my usual TP range.
Naughty crooks kept gunning for short stops in every session before pulling the plug out of the bath.

Will we get a bounce under the market at a new low? Maybe, but given the work done to make this grind, maybe not.
  • #669,276
  • Jul 13, 2022 7:43am Jul 13, 2022 7:43am
That's what I like to see. When we steal their money.
  • #669,277
  • Jul 13, 2022 7:44am Jul 13, 2022 7:44am
...that false spike up just before the data hit the steepest 1hr desc t/line and then bang!!

1hr below
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Trader with an Edge.
  • #669,278
  • Jul 13, 2022 7:44am Jul 13, 2022 7:44am
Quoting TheWolf
Yeah... I don't think S & R play any role here anymore.
It does when it does, and doesn't when it doesn't.
The trick is knowing when it's valid and when it's not.
  • #669,279
  • Jul 13, 2022 7:45am Jul 13, 2022 7:45am
Quoting TheWolf
Yeah... I don't think S & R play any role here anymore.
  • #669,280
  • Jul 13, 2022 7:46am Jul 13, 2022 7:46am
...challenging top of 4hr part of prev 1hr/4hr sw lo zone down to current wkly/yrly 1807 lo now, @ the 85.4% of the week's current lo -current dly hi

4hr below
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Trader with an Edge.
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Waveskierrob