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Cable Update (GBPUSD)

  • #670,421
  • Jul 19, 2022 10:45am Jul 19, 2022 10:45am
Sole 2017!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #670,422
  • Jul 19, 2022 10:49am Jul 19, 2022 10:49am
All I need for my trades of the day is more than a couple minute under 2010 . Too much to ask Pat and Moty ?Sell stop 20222 !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #670,423
  • Jul 19, 2022 10:52am Jul 19, 2022 10:52am
Rooting for you 1min lower high from here !!!!!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #670,424
  • Jul 19, 2022 10:54am Jul 19, 2022 10:54am
GU daily currently at resistance 1, also 50% Fib retracement, halfway through BB, Stocastics heading upwards. I think we are good to go towards 1.2114 / 61. 8% or even to R3 - 1.220, which is also EMA 50 zone.
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  • #670,425
  • Jul 19, 2022 10:54am Jul 19, 2022 10:54am
Quoting mtako
Rooting for you 1min lower high from here !!!!!
Bingo !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #670,426
  • Jul 19, 2022 10:56am Jul 19, 2022 10:56am
And yet, the last 8 hours were more like this :
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #670,427
  • Jul 19, 2022 10:56am Jul 19, 2022 10:56am
Don't know if anyone saw this... There's been a massive heat wave in London.. Now there is a fire breaking out... Here's the news...
https://www.bbc.com/news/uk-england-london-62224618
My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #670,428
  • Jul 19, 2022 10:59am Jul 19, 2022 10:59am
Quoting mtako
Rooting for you 1min lower high from here !!!!!
170 IN THE WORKS
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MY GRID. Markets are NOT random.
  • #670,429
  • Jul 19, 2022 11:00am Jul 19, 2022 11:00am
It's been 2 full forex weeks for July, time for a new long term pivot for the 2nd half of the year.
In the ACD book I read (by Mark Fisher), a 2-week pivot on January will last for 1st half of the year, and need to use a new 2-week pivot when comes to July.
The said upper and lower end of the pivot range are 1.19624 & 1.18985 .

As long as price stay above the current 2-week pivot, uptrend is assumed, yesterday's trade was a winner, SL 1.18988 & TP 1.20248, risk 1% for 1.5% reward.

Current ongoing trade entered a few hours ago, still running. SL 1.19632 & TP 1.20799, SL is coincidentally the upper end of the 2-week pivot range.
The current price action looks extremely indecisive now, going up and down but generally refuse to go below my entry price of 1.20084.

I do expect price eventually move towards my TP, as long as price remain above my 2-week pivot.
Price never came back up after it closed below Jan 2022's 2-week pivot, we were in a massive downtrend since Jan 2022, trades were mostly Shorts and had a good first half of the year.

At current price, it's near 2016 support if zoomed out a lot in the Weekly chart, starting a new uptrend here as shown by 2-week pivot doesn't surprise me.
Green pips to all!
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #670,430
  • Jul 19, 2022 11:01am Jul 19, 2022 11:01am
Quoting mtako
{quote} Thanks for the tip mate ! I sold there also. But my main, and much bigger short will be at the next 1H low break, no matter the level.
Now at 2013 ! Need a miracle !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #670,431
  • Jul 19, 2022 11:03am Jul 19, 2022 11:03am
Quoting eyefeelsix
{quote} ahh yes I see that one, I got your point! thanks friend, now I understand.
Hi Eyefeelsix,
We are all here for different reasons. The Forex world is full of scammers and dark alleys. If we can all make a difference with any contribution whether plain market analysis or trades posted, it will suit someone. Honestly I do not give a a damn if someone piggy backs off me, as long as they learn something in the process because I do not get it right all the time. I would rather post in an open forum and have traders follow me here than go into the dark alley ways
Cheers.
Trade to trade another day
  • #670,432
  • Jul 19, 2022 11:31am Jul 19, 2022 11:31am
Quoting Wavegarrick
{quote} Hi Eyefeelsix, We are all here for different reasons. The Forex world is full of scammers and dark alleys. If we can all make a difference with any contribution whether plain market analysis or trades posted, it will suit someone. Honestly I do not give a a damn if someone piggy backs off me, as long as they learn something in the process because I do not get it right all the time. I would rather post in an open forum and have traders follow me here than go into the dark alley ways Cheers.
your way is the same as mine, I prefer to provide posted trades, along with the reasons on the chart, too bad that some traders consider it a signal trading when trade atm, even though we can learn a lot from there.

thanks friend, you explain it more clearly for me.
https://breakpullback.com
  • #670,433
  • Jul 19, 2022 11:32am Jul 19, 2022 11:32am
Quoting donfriday
{quote} nobody will be giving trade calls for free, if you show ur trades its ur choice but truth be told people are always looking for free burger so the person with more open positions on chart get more attention because the readers want to me free chops, the day things go wrong they roast the poster
You can subscribe to many free signals, no need to pay for them.

I get them, free signals via Telegram, not all are profitable of course, but gives you an idea of direction. I am getting them daily, due to limited time don't have much time to look at them. Might be usuful to any of you, perhaps check them on Demo first.
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I think you have to register with the broker first, then apply to sent you. Both FCA regulated, use same issuer -
https://www.valutrades.com/
or direct -
https://signalcentre.com/

IG also provides with free signals.
There are so many others.
  • #670,434
  • Jul 19, 2022 11:34am Jul 19, 2022 11:34am
Quoting Jolita
Heading back, hope traders from UK have survived the heat this week, heading home, feels like I've entered sauna {image}
I bought AUD/USD at 0.6896, hope this moves up.
Have no time to trade for the last few months. Will have no time to trade for the next year, maybe more. Inflation is eating my savings. What should i do? Is there any swing trading strategy, that allows to looks at charts only few hours a week?

Greetings from old lovely city
  • #670,435
  • Jul 19, 2022 11:43am Jul 19, 2022 11:43am
Quoting mtako
{quote} Thanks for the tip mate ! I sold there also. But my main, and much bigger short will be at the next 1H low break, no matter the level.
Quoting mtako
{quote} Now at 2013 ! Need a miracle !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #670,436
  • Jul 19, 2022 11:48am Jul 19, 2022 11:48am
sell stop 2009 2004
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #670,437
  • Jul 19, 2022 11:55am Jul 19, 2022 11:55am
Quoting genadi
{quote} I bought AUD/USD at 0.6896, hope this moves up. Have no time to trade for the last few months. Will have no time to trade for the next year, maybe more. Inflation is eating my savings. What should i do? Is there any swing trading strategy, that allows to looks at charts only few hours a week? Greetings from old lovely city

Hi Genadi, how lucky you are been able to visit your old town! But weather is horrendous this year.

Don't know Genadi what is best
for you, for AU, was a good chance to buy at 6680, your entry is high. Support should hold for about 4 months (see my post on AU thread), unless we have a very strong baaang across the market to complete lowest of the lows, we never know. Just put your sl in positive territory to be on the safe side, take comfortable profit, and try not to hold too long, as pairs tend to reverse instantly. That
would be my advice.

Also good entry will be for
GU 114 & 110.
UJ 147
etc...good luck
  • #670,438
  • Jul 19, 2022 11:59am Jul 19, 2022 11:59am
Quoting eyefeelsix
{quote} cut re-entry 5th wave {image}
the problem for the bulls is.. until now ( 2 days ) 1.2055 still unbroken, What does mean crash to a lower prices? ya ya maybe..

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https://breakpullback.com
  • #670,439
  • Edited 12:28pm Jul 19, 2022 12:05pm | Edited 12:28pm
Quoting mtako
Rooting for you 1min lower high from here !!!!!
Thank you 1min! You were the last resistance before a long long long awaited new low. Along with the
Quoting mtako
{quote}now at 2004, and chances are even greater that it would be the straw that breaks the camel's back, the camel being the lonely 1H 40pips candle, 8 hours ago; that is a MUCH needed reach for the week, but still insignificant for the month,
that is finally being attacked, and the natural 12H pullback levels
Quoting mtako
{quote}Cannot confirm nor deny Ok Folks, here is mainly why my first trade of the day was at 2031{quote}. 1H and 12H combo,... {image}
, shared yesterday but still with potential as long as we dont get a good enough hours action >2050...


Now that is teamwork folks!

Cheers all, trade happy !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #670,440
  • Jul 19, 2022 12:15pm Jul 19, 2022 12:15pm
Quoting eyefeelsix
{quote} the problem for the bulls is.. until now ( 2 days ) 1.2055 still unbroken, What does mean crash to a lower prices? ya ya maybe.. {image}
Could you be knowing Mr. Burger
You have a similar trading style and charting, you remind me of him.
Face 'ur fears & tame 'ur greed
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