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Cable Update (GBPUSD)

  • #670,581
  • Jul 20, 2022 5:06am Jul 20, 2022 5:06am
UJ

Just another scalping.
Hope for some luck with this trade.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #670,582
  • Jul 20, 2022 5:06am Jul 20, 2022 5:06am
Plethora of good data for Pound yet still not breaking higher... Something is cooking.

1.2345 needs to break for Bulls to take charge again, otherwise it's resumption of bears hostility to 1.14.

Optimal price for bulls still focuses on 1.2250.

A touch of 1.1870 invalidates 1.2250/1.2345.

Trade with utmost caution.
Data + Stat + Risk/Emotions Management
  • #670,583
  • Jul 20, 2022 5:14am Jul 20, 2022 5:14am
Quoting Tronis
{quote} I'm long now {image}
Closed for 12 pips and sold again.
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  • #670,584
  • Jul 20, 2022 5:16am Jul 20, 2022 5:16am
Quoting Moty
Come on shorti I have covid , feeling well overall {image}
Get well soon mate I had it last week a few days before we flew out. Nasty thing!
Insane in the Brain..
  • #670,585
  • Jul 20, 2022 5:16am Jul 20, 2022 5:16am
Quoting Georginson
Plethora of good data for Pound yet still not breaking higher... Something is cooking. 1.2345 needs to break for Bulls to take charge again, otherwise it's resumption of bears hostility to 1.14. Optimal price for bulls still focuses on 1.2250. A touch of 1.1870 invalidates 1.2250/1.2345. Trade with utmost caution.
The average six month range is 1200 pips. The remainder of the year the bulls will either grind their way to 1.300 level or they will lose at the mid way point around 1.2340. If the bulls fail, the bears will take it down to at least 1.114
  • #670,586
  • Jul 20, 2022 5:18am Jul 20, 2022 5:18am
How long is this circus of sideways will last? My position keep switching between in profit or loss, but never take out my tp or sl.

But it can't be like this forever, price will need to break 1 way or the other. Guys any idea what's causing this?

Position still in profit at the moment.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #670,587
  • Jul 20, 2022 5:19am Jul 20, 2022 5:19am
Quoting navk
break of 1992 is important for bears to continue to 1927 first. Break of 1927... long term short trend to continue. For now 1992 to 2035 range. Break of 2035 is of course bullish for today.
2035 until now did not break.

This augurs well for short trades
Intraday only.
  • #670,588
  • Jul 20, 2022 5:19am Jul 20, 2022 5:19am
look like a dull day, after a dull day a green day
  • #670,589
  • Jul 20, 2022 5:20am Jul 20, 2022 5:20am
Quoting Tronis
{quote} Closed for 12 pips and sold again. {image}
Nice. Always nervous on selling - and holding the 5th rejection of a pot res or sbr area as supp/res gets weaker each time it is tested...that's the theory anyways, doesn't always play out. Of course if subsequently higher t/f's candles close in your favour it is worth holding notwithstanding this, and minimise risk.

Quoting Reverso
How long is this circus of sideways will last? My position keep switching between in profit or loss, but never take out my tp or sl. But it can't be like this forever, price will need to break 1 way or the other. Guys any idea what's causing this? Position still in profit at the moment.
Market indecision about next near-term move, That's it, plain and simple.
Trader with an Edge.
  • #670,590
  • Jul 20, 2022 5:24am Jul 20, 2022 5:24am
Quoting Moty
10 pips sl 40 pips tp {image}
i hate sl
still in
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yes yes yes
  • #670,591
  • Jul 20, 2022 5:36am Jul 20, 2022 5:36am
Quoting Waveskierrob
{quote} Me thinks I will add to SELL
Go on my babee
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  • #670,592
  • Jul 20, 2022 5:37am Jul 20, 2022 5:37am
https://www.reuters.com/world/india/...ce-2022-07-20/
Central banks keep selling the $ , we might see #dxy falling down more, mates???
  • #670,593
  • Jul 20, 2022 5:41am Jul 20, 2022 5:41am
bullish liquidity zone on LTF
im shorting still from yesterday 1.2034
targeting 1.19 at least
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  • #670,594
  • Jul 20, 2022 5:42am Jul 20, 2022 5:42am
Quoting duongng2807
https://www.reuters.com/world/india/...ce-2022-07-20/ Central banks keep selling the $ , we might see #dxy falling down more, mates???
or we will get short squees
  • #670,595
  • Jul 20, 2022 5:42am Jul 20, 2022 5:42am
SHORTS closed
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  • #670,596
  • Jul 20, 2022 5:42am Jul 20, 2022 5:42am
nice !!!
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yes yes yes
  • #670,597
  • Jul 20, 2022 5:43am Jul 20, 2022 5:43am
Quoting ScalaFX
{quote} Adding to my longs
1980 added more, still hoping for 2100 today
People don't plan to lose. They lose because they don't plan.
  • #670,598
  • Jul 20, 2022 5:46am Jul 20, 2022 5:46am
...a 5th rejection now (1hr) ..lol!

1hr below
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Trader with an Edge.
  • #670,599
  • Jul 20, 2022 5:46am Jul 20, 2022 5:46am
Woaaaah who invited bears to the morning meeting?
Insane in the Brain..
  • #670,600
  • Jul 20, 2022 5:48am Jul 20, 2022 5:48am
Quoting JereMi256
{quote} Activated! SL 1.2037
+SL
TP 1919
Face 'ur fears & tame 'ur greed
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