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Cable Update (GBPUSD)

  • #669,381
  • Jul 13, 2022 11:03am Jul 13, 2022 11:03am
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?
I think it was the Bank of Canada news...
Tall tails tell tales.
  • #669,382
  • Jul 13, 2022 11:06am Jul 13, 2022 11:06am
Anyway, this mtf stopped right where yesterday left the 1h candle without lower pin.
I was short and thinking to close it there 1833. Been hit like many others of course.

now long.

will be certainly hit again.

The most important thing I noticed is USD being heabily sold when the EURO printed 0.9998.
A big hand is trying hard to protect the downside there i guess
90% of traders use TA, indicators and prediction
  • #669,383
  • Jul 13, 2022 11:06am Jul 13, 2022 11:06am
Cheers folks! Crazy day ! Looking for over 121 (preferably) by end of week. Can’t see it yet though
Insane in the Brain..
  • #669,384
  • Jul 13, 2022 11:07am Jul 13, 2022 11:07am
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?
mmmmm you got me ! Im no fundamentals guy. me 100% technical. For me, this is volatility with indecision weighing on it all. Ranging within a strong longer-term trend. Been this way for a while but if at any moment the main down move could continue and with much greater force than the last weeks' baby steps. That would be nice, another straight drop similar to april&May. Price action on Larger TF still has all the potential of another great fall, but probably only after another >.2x reach. Nonetheless, I am going with the flow and following my rules, even if it means losing a couple of long-term shorts to cover my couple longs(ranging setup) down the line, if it does breakout down from here. Who knows, planning a 10000000s scenarios, the likeliest to the most unlikeliest, and as responsibly as I can.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #669,385
  • Jul 13, 2022 11:11am Jul 13, 2022 11:11am
If Gu ends with LH &HH @ the Close of NY maybe green candle tomorrow.
average dude treading water
  • #669,386
  • Jul 13, 2022 11:11am Jul 13, 2022 11:11am
ok I leave trading station for a while (2 weeks i guess)
I only have 1 long position in cable 1.1865 target 1.2700
Will check from time to time price rate and leave it there with SL@be
90% of traders use TA, indicators and prediction
  • #669,387
  • Jul 13, 2022 11:12am Jul 13, 2022 11:12am
what are your opinions, think USD will drop more?
  • #669,388
  • Jul 13, 2022 11:13am Jul 13, 2022 11:13am
Quoting Wavegarrick
{quote} When it comes to trend line breaks I certainly prefer Usdx. We could be in for another squeeze up but a break below 107.500 should give GU bulls a boost. My weekly res 1 at 108.033 could be telling. I have this week for price to do its thing and from the 20th of this month we could see more decisive action. Cheers. {image}
Usdx - Can we see a solid break below 107.500?
Cheers.
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Trade to trade another day
  • #669,389
  • Jul 13, 2022 11:21am Jul 13, 2022 11:21am
Quoting donfriday
looking for sell from 1.1975 and tp at 1.1750

i touch of 1.1975 should give us a drop for a cheaper price near 1.1750



i will update the chart when week end
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MY OPINION NOT FINANCIAL ADVISE
  • #669,390
  • Jul 13, 2022 11:25am Jul 13, 2022 11:25am
Quoting _BBKing_
ok I leave trading station for a while (2 weeks i guess) I only have 1 long position in cable 1.1865 target 1.2700 Will check from time to time price rate and leave it there with SL@be
127 I wish lol if we get there it would make a great area to go short from
Insane in the Brain..
  • #669,391
  • Jul 13, 2022 11:26am Jul 13, 2022 11:26am
Quoting eyefeelsix
{quote} the show must go on.. long atm S/L @1.1800 --- TP open if SL broken I will re-entry @the same level and S/L my waves updated : {image}
BEP
my waves updated :
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--- time to scalp ahead
https://breakpullback.com
  • #669,392
  • Jul 13, 2022 11:30am Jul 13, 2022 11:30am
I'm ready for 1.23
This could be the bottom for this week, fingers crossed!
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Face 'ur fears & tame 'ur greed
  • #669,393
  • Jul 13, 2022 11:32am Jul 13, 2022 11:32am
Quoting eyefeelsix
{quote} BEP my waves updated : {image} --- time to scalp ahead


a break above 1.2050 nullified 1.1750
MY OPINION NOT FINANCIAL ADVISE
  • #669,394
  • Jul 13, 2022 11:32am Jul 13, 2022 11:32am
Easy 30 pips
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yes yes yes
  • #669,395
  • Jul 13, 2022 11:32am Jul 13, 2022 11:32am
Quoting Wavegarrick
{quote} Usdx - Can we see a solid break below 107.500? Cheers. {image}
The wick !!! wow, if it goes lower against that, nice significant break indeed, certainly not to be ignored !

Bloody whipsaw today again. The King is dead, long live the King again again again and again !

I strongly doubt bulls will let it go again today, but just in case :
Sell stop .1934 TPSL 30
Sell stop .19100 TP&SL50, from a volatility growth in 1H pullback setup. At<1050, my >1890 shorts' SLs would be moved at BE.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #669,396
  • Jul 13, 2022 11:34am Jul 13, 2022 11:34am
Quoting _BBKing_
{image}
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  • #669,397
  • Jul 13, 2022 11:35am Jul 13, 2022 11:35am
Quoting Mitiblotch
Ladies and gentlemen my reactive system just gave a buy signal on EU. It usually spits put nothing less than 100 pips. So from here 0041 we should get at least 0141. No obligations to follow if you don't know what you are doing.
I hope you remembered and took this trade. Don't joke with my system! Hehehe... Money is flowing. Lol
  • #669,398
  • Jul 13, 2022 11:40am Jul 13, 2022 11:40am
Quoting Mitiblotch
{quote} I hope you remembered and took this trade. Don't joke with my system! Hehehe... Money is flowing. Lol
Im was with you from paritet to 1.0100 Bravo for patience
P.S. Im longed this MF 3 times earlier and price coming to my BE but I know this must blow some up and today comes to my TP
People don't plan to lose. They lose because they don't plan.
  • #669,399
  • Jul 13, 2022 11:40am Jul 13, 2022 11:40am
I'm short with tight SL
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  • #669,400
  • Jul 13, 2022 11:42am Jul 13, 2022 11:42am
Quoting Mitiblotch
{quote} I hope you remembered and took this trade. Don't joke with my system! Hehehe... Money is flowing. Lol
Whos joking about your system ? I have the utmost respect for all systems(seriously), but I joke incessantly about my own system, as I guess it makes me feel humbler Kidding aside. Simply awesomely done mate! Keep'em coming !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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