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Cable Update (GBPUSD)

  • #669,361
  • Jul 13, 2022 10:04am Jul 13, 2022 10:04am
Quoting Pat Chiko
{quote} GU Going to attack the QM ? {image}
Yes, closed some longs and now waiting for PA there, but… that was a strong impulse, after good CPi data, maybe we are reversing medium term for higher liquditys..
People don't plan to lose. They lose because they don't plan.
  • #669,362
  • Jul 13, 2022 10:05am Jul 13, 2022 10:05am
Happy with that, hope everyone has had a good day trading! Hello Bulls.
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  • #669,363
  • Jul 13, 2022 10:05am Jul 13, 2022 10:05am
Eu at 1.01000
Easy money
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yes yes yes
  • #669,364
  • Jul 13, 2022 10:09am Jul 13, 2022 10:09am
Quoting ScalaFX
{quote} View… wedge inside the wedge {image}
First wedge broken…
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People don't plan to lose. They lose because they don't plan.
  • #669,365
  • Jul 13, 2022 10:09am Jul 13, 2022 10:09am
What happened ?? Looks like i missed a shit load of action
Insane in the Brain..
  • #669,366
  • Jul 13, 2022 10:14am Jul 13, 2022 10:14am
Quoting ohyeah
{quote} Bull trap, bear trap, ... EVERYTHING is a trap.
Very true. I personally never see traps, just reacting to innocent price movements. But I like the joking around those kinds of mysterious perceptions.

Quoting ScalaFX
{quote} Yes, closed some longs and now waiting for PA there, but… that was a strong impulse, after good CPi data, maybe we are reversing medium term for higher liquditys..
Beautiful as always, congrats !!!!

Now is moment of truth for me for the day... back in the mid-range 40s baby, where it plays out without all the senseless wicks I hope !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #669,367
  • Jul 13, 2022 10:19am Jul 13, 2022 10:19am
Quoting BeeTogether
What happened ?? Looks like i missed a shit load of action
Actually, in my crazy and faulty Mtako view, just normal volatility rising within ranging conditions. Bears stretched it, now bulls stretched, but still in middle ground of the month. And probably heading at least at middle ground for the day, +-1900. Lets see !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #669,368
  • Edited 10:43am Jul 13, 2022 10:23am | Edited 10:43am
.
  • #669,369
  • Jul 13, 2022 10:23am Jul 13, 2022 10:23am
And last but not least, sell stop 19297!!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #669,370
  • Jul 13, 2022 10:24am Jul 13, 2022 10:24am
Now, more scalping done on shorts and longs. Very good day indeed!

Clear chart, no trades open except sell limits.

close to 1970, I will sell for the day.
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Intraday only.
  • #669,371
  • Jul 13, 2022 10:25am Jul 13, 2022 10:25am
nice maneuver. Now the pattern squares within the pattern as the box within the box TP: 1.1410
POSTMASTER
  • #669,372
  • Jul 13, 2022 10:33am Jul 13, 2022 10:33am
So in the time I dropped my elder one to the airport for her trip got back to finish packing ours and then arriving at departures I have seen the cable go from 11920 down to 11830 back up to 11960 and now settling down at 11920 wtf!!
Insane in the Brain..
  • #669,373
  • Jul 13, 2022 10:35am Jul 13, 2022 10:35am
_______ hi ppl [ I mean fx_traders hmmm] = still makin REAL $$$ on ur mobile ?
Don’t focus on making $$$, focus on protecting what you have.
  • #669,374
  • Jul 13, 2022 10:44am Jul 13, 2022 10:44am
Quoting BeeTogether
So in the time I dropped my elder one to the airport for her trip got back to finish packing ours and then arriving at departures I have seen the cable go from 11920 down to 11830 back up to 11960 and now settling down at 11920 wtf!!
Yeah its been doing these types of shy up moves since the 20thJune pretty consistently before dropping a bit again. I wonder if bears have what it takes to drop with april-May volatility. Been too long and its not as easy for me to be patient with my shorts while all these daily wicks steal the show every bloody time !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #669,375
  • Jul 13, 2022 10:45am Jul 13, 2022 10:45am
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  • #669,376
  • Jul 13, 2022 10:47am Jul 13, 2022 10:47am
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yes yes yes
  • #669,377
  • Jul 13, 2022 10:49am Jul 13, 2022 10:49am
Quoting mtako
{quote} Actually, in my crazy and faulty Mtako view, just normal volatility rising within ranging conditions. Bears stretched it, now bulls stretched, but still in middle ground of the month. And probably heading at least at middle ground for the day, +-1900. Lets see !
but the thing is Uk data was very good which we saw a spike before a drop then US data was also good so we saw it drop. Wtf caused to spike up again?
Insane in the Brain..
  • #669,378
  • Jul 13, 2022 10:54am Jul 13, 2022 10:54am
Quoting BeeTogether
{quote} but the thing is Uk data was very good which we saw a spike before a drop then US data was also good so we saw it drop. Wtf caused to spike up again?

US inflation is high, rate hike is supposed to help reduce inflation, overall the US is in a spot of hot bother (which is not great for US economy)
just watch...very soon, they gonna talk about how the national debt is high and money repayments..This shit is getting predictable
  • #669,379
  • Jul 13, 2022 10:56am Jul 13, 2022 10:56am
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90% of traders use TA, indicators and prediction
  • #669,380
  • Jul 13, 2022 10:58am Jul 13, 2022 10:58am
Looks like the whole thing is oversold/overbougth so every price is moving away to catch liquidity.
Or if you prefer: if you want to buy, you need some one else to sell.
90% of traders use TA, indicators and prediction
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