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Cable Update (GBPUSD)

  • #670,661
  • Jul 20, 2022 10:48am Jul 20, 2022 10:48am
Quoting GODofMC
{quote} Jeaolusly stare, lose 2.5k this month
everybody will have a bad day/month.

Being strong and not loosing self confidence is important.
Intraday only.
  • #670,662
  • Edited 11:06am Jul 20, 2022 10:56am | Edited 11:06am
Happy 2nd half of what I hope is a beautiful day to all of you !

So is it finally going to break through the very significant
Quoting mtako
... the lonely 1H 40pips candle, 8 hours ago; that is a MUCH needed reach for the week, but still insignificant for the month,
which by itself forced a big price halt above its middle, and for over 30hours?
And although
Quoting mtako
.. in this downtrend, every 1H that does not close above yesterday's high, is a victory for bears So 24 possible new victories for today 17 victories, +-6 to go
,and bears are still piling up those hour long fishes for their barbecue, now going on a nice mountain of the juiciest salmon, one for every winning hour, BEARS HAVE STILL NOT MADE any serious progress either.

Sooooo, we've been very patient, but thought I'd call a friend for some help ! Hope his magic works just as well as last time !!! They really need it, as bears are still just as much threatened to go through another monday as long as they are in this bulls middle world.

Bear's are hoping their long-term friends come out of hibernation soon, but could have to wait much longer than expected if here supports once too many times , >1990 is my new bull take back territory, especially since 1960s (low of last significant rise)rejection quality was just as juicy as those salmons are
Quoting Waveskierrob
SHORTS closed {image}
too funny. thanks for the big laugh mate, I needed that !!!

Happy trading dear fellow traders !!!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #670,663
  • Jul 20, 2022 11:02am Jul 20, 2022 11:02am
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MY GRID. Markets are NOT random.
  • #670,664
  • Jul 20, 2022 11:15am Jul 20, 2022 11:15am
Quoting Wavegarrick
{quote} Hi Guys, Current status on Gu. Price managed to pull back to my ascending trend line and also the 78.6% fib retrace at 1.19496 of yesterdays swing low and high. An ideal opportunity to enter more buy trades. Back over 1.20000 puts bulls back in charge. I will also get rid of my weakest buys asap. Trade well, Cheers. {image}
Different chart different perspective - 4 hr chart, I am setting up for a pullback and more entries with subtle bullish hints. A breakdown below my ascending trend line could change my view, and of course I could be wrong. From the 20th to month end we could see more decisive action.
Cheers
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Trade to trade another day
  • #670,665
  • Jul 20, 2022 11:23am Jul 20, 2022 11:23am
stubborn mf
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yes yes yes
  • #670,666
  • Jul 20, 2022 11:39am Jul 20, 2022 11:39am
If any trade stock, Tesla earnings will be released after hours today. Markets are hungry waiting for nice pips.
  • #670,667
  • Jul 20, 2022 11:56am Jul 20, 2022 11:56am
devil time
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yes yes yes
  • #670,668
  • Jul 20, 2022 12:27pm Jul 20, 2022 12:27pm
Gold long, Eurusd short.
  • #670,669
  • Jul 20, 2022 12:28pm Jul 20, 2022 12:28pm
Quoting Wavegarrick
{quote} Different chart different perspective - 4 hr chart, I am setting up for a pullback and more entries with subtle bullish hints. A breakdown below my ascending trend line could change my view, and of course I could be wrong. From the 20th to month end we could see more decisive action. Cheers {image}
Love your charts Leon. I am really awful at them myself as everyone can see, so I especially like losing myself a good minute in charts posted here. I like making the effort from time to time, for sharing and for old time's sake, since I have barely used them these last years...

Appreciating your chart, I see the potential pullback for the bulls to conquer. Zooming out we can indeed better appreciate the moment we are in.

...The 14th of June and 1st and 8th of July showing strong support, finally becoming resistance, strengthened especially by around the 13th of July. And that exact level looking like it is forming support. As ridiculous as that may sound, I find beauty in all of this...

Zooming out some more we see this retracement strength being similar to many before down continuance.

For these reasons among others, for me, this move here is more than ranging heaven on that larger + intraday scale. I take it as a decisive moment for the rest of the summer.

Who knows if up or down. Both sides clearly have a lot of work to do, especially from here.

But I have a feeling that, from this level here, it is ready for another launch to out of space Can't wait for time to prove me wrong or right on this one!

Ok, nice reading you all. Take care and good night mates !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #670,670
  • Jul 20, 2022 12:39pm Jul 20, 2022 12:39pm
Quoting Moty
devil time {image}
Holy molly, why switch buy? While i still in buy myself, but seems failed
The one i cant understd is entry poin
When the setup is ready to enter, any enlightment?
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #670,671
  • Jul 20, 2022 12:45pm Jul 20, 2022 12:45pm
Quoting mtako
Happy 2nd half of what I hope is a beautiful day to all of you ! So is it finally going to break through the very significant{quote} which by itself forced a big price halt above its middle, and for over 30hours? And although{quote},and bears are still piling up those hour long fishes for their barbecue, now going on a nice mountain of the juiciest salmon, one for every winning hour, BEARS HAVE STILL NOT MADE any serious progress either. Sooooo, we've been very patient, but thought...
Noted
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #670,672
  • Jul 20, 2022 12:53pm Jul 20, 2022 12:53pm
Adding to my longs net 1960
Pendings 1950 1945 1940
People don't plan to lose. They lose because they don't plan.
  • #670,673
  • Edited 5:34pm Jul 20, 2022 12:54pm | Edited 5:34pm
Quoting GODofMC
{quote} Holy molly, why switch buy? While i still in buy myself, but seems failed The one i cant understd is entry poin When the setup is ready to enter, any enlightment?
close enough to the potential reversal zone @1.1950-xx36 if GU gets there.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #670,674
  • Jul 20, 2022 12:56pm Jul 20, 2022 12:56pm
Buy limit@ 1.1946
Face 'ur fears & tame 'ur greed
  • #670,675
  • Jul 20, 2022 12:57pm Jul 20, 2022 12:57pm
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yes yes yes
  • #670,676
  • Jul 20, 2022 1:10pm Jul 20, 2022 1:10pm
let's see if GBPUSD will follow the 5 day sine wave as the first low did so after 60 hours
obviously if the trend is strong, the second minimum will be higher than the starting minimum ... maybe leaning for that time at a fibo level
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  • #670,677
  • Jul 20, 2022 1:24pm Jul 20, 2022 1:24pm
Gbpusd will retrace and then sell down
  • #670,678
  • Jul 20, 2022 1:29pm Jul 20, 2022 1:29pm
Eurgbp long at 0.84962
  • #670,679
  • Jul 20, 2022 1:31pm Jul 20, 2022 1:31pm
h1 200 ema is holding for now
also at eu and dx
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yes yes yes
  • #670,680
  • Jul 20, 2022 1:39pm Jul 20, 2022 1:39pm
Quoting JereMi256
Buy limit@ 1.1946
Pending...
-10pips SL

Face 'ur fears & tame 'ur greed
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