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Cable Update (GBPUSD)

  • #671,221
  • Jul 22, 2022 11:34am Jul 22, 2022 11:34am
Quoting GODofMC
{quote} Lets say it hit real target only -2 pips from touching previous bull channel upper line Update : Actually hit target 1.2, and bounced back 5 pips after hitting yellow line {image}
As final saying what i learn today, now i know this shit is not random, news not always your friend, issues or statement central bank(?like ecb or fed) almost does the charm.
random only at very volatile market, as fear and greed occuring there...
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #671,222
  • Jul 22, 2022 11:40am Jul 22, 2022 11:40am
Quoting Whale
{quote} Could you explain about your strategy? the only thing I get is that you have awesome spread. 0.4, I have 0.9 after world war 3 against my broker
LOL Yes spread is better. AB CD waves with fib scale (my numbers) 0 - 5 - (1)0, 1 - 6 - (1)1, 2 - 7 - (1)2.

If you are interested, go to my journals and all is explained and FREE. I no longer provide my grid indicator due to no posting with feedback like, this sucks or this is stupid, etc...LOL
MY GRID. Markets are NOT random.
  • #671,223
  • Jul 22, 2022 11:59am Jul 22, 2022 11:59am
______________ will Hold this over d WkEnd =
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Don’t focus on making $$$, focus on protecting what you have.
  • #671,224
  • Jul 22, 2022 12:02pm Jul 22, 2022 12:02pm
Quoting JereMi256
{quote} Good to know. I like OBs, easy to plot.
great, I am checking OB/OS with respect hourly and 4hr MACD.

Looks good.

However in OB/OS , one needs to allow some floating, say 30 pips .


My 4hr MACD and Daily MACD turning up side.
Intraday only.
  • #671,225
  • Jul 22, 2022 12:24pm Jul 22, 2022 12:24pm
Quoting Mnsgroup
Try to short GU {image}
updated :

Close all short
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  • #671,226
  • Jul 22, 2022 12:26pm Jul 22, 2022 12:26pm
Quoting Wavegarrick
{quote} Hi Guys, Whilst there are positive bullish signs I am not going to get too happy or ahead of myself at this point. It is important that bulls close the week above 1.20000 and most most important a monthly close above 1.20000 which will be next week. We are in the 3rd quarter of this year (July to Sept 2022) and in the first month of the 3rd quarter and it is important for price to establish itself and with me it would be above 1.20000 if bulls want to make some sort of impression. Then we can look at levels towards 1.22500 and 1.25000 for...

ur indicator is showing a bearish div


we may see another drop before upward begin

i can be wrong just my view
MY OPINION NOT FINANCIAL ADVISE
  • #671,227
  • Jul 22, 2022 12:26pm Jul 22, 2022 12:26pm
Quoting navk
{quote} great, I am checking OB/OS with respect hourly and 4hr MACD. Looks good. However in OB/OS , one needs to allow some floating, say 30 pips . My 4hr MACD and Daily MACD turning up side.
I needed that, thank you!

Have a great weekend, Navk.
Face 'ur fears & tame 'ur greed
  • #671,228
  • Edited 1:20pm Jul 22, 2022 1:00pm | Edited 1:20pm
Price drop but Back in main bull channel range before USD News
, My guess is ranging from that main line ao this price maybe a Pivot Line,
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While on h1 Price back under D1 DOWNTREN LINE drawed from March 2022
This mean for me a turning point where it will be go at next week. a price Above 1.2030 or best above 1.2050 is required to continue BULL, while below 1.2 DOWNtrend continuation or even Parity is still in sigh
But as day passed, Reversal price get discounted everyday
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this the best i can do to this day, good luck

This last 2 chart down thwre seems going BEAR MODE , only GUESS YET, i dont mind because im trading only 30 pips
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now in lower bull channel, tried to break down hope it will stay in bull channel, or we may see target parity
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #671,229
  • Jul 22, 2022 1:04pm Jul 22, 2022 1:04pm
Quoting donfriday
{quote} ur indicator is showing a bearish div we may see another drop before upward begin i can be wrong just my view
Hi DF,
My indicators alert me to a possible change in trend only, mostly because I trade multiple currencies and I use it to get my attention. The snake like indicator on my chart, round numbers, pivots and my fast RSI is used for timing entries. Divergence can be detected in any time frame but most reliable on higher time-frames and I like Bigiivan's way of using it most of all on higher time frames with Macd.
You could be right but we will let the market decide.
Cheers.
Trade to trade another day
  • #671,230
  • Jul 22, 2022 1:18pm Jul 22, 2022 1:18pm
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yes yes yes
  • #671,231
  • Jul 22, 2022 1:29pm Jul 22, 2022 1:29pm
Quoting Moty
{image}
If it is down to closing the gap, my chart maybe my analysis could be wrong then
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #671,232
  • Jul 22, 2022 1:41pm Jul 22, 2022 1:41pm
I don't trade these days GBPUSD I do trade Dow future and Nazdaq 100 future with UJ
but maybe this is important for bear camp and bull camp GBPUSD
when we see a series spinning tops with high wave with long legged doji this is a massage for us Watch out for the trap
these candles are with nature Warning....
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  • #671,233
  • Jul 22, 2022 1:49pm Jul 22, 2022 1:49pm
daily close below 1.20 looks bearish, but it could also be a bear trap next week due to the FOMC and U.S. GDP data
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #671,234
  • Jul 22, 2022 2:09pm Jul 22, 2022 2:09pm
EU

Example of CHoCH set up
Simplest set up for reference

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #671,235
  • Jul 22, 2022 2:09pm Jul 22, 2022 2:09pm
Quoting ForexGoose
daily close below 1.20 looks bearish, but it could also be a bear trap next week due to the FOMC and U.S. GDP data {image}
I feel that too. And my own bears would feel more comfortable with a close below June's low, in the woods filled with the most tasteful berries.

This not deep enough. Common bears, stop fighting yourselves, get out of the road and back in your beloved forest to run wild and free again !!!!
Get back in the range's average lows at least <2160

Ahhhhh Fridays ! Cheers all and take advantage of your weekend !

Quoting Pat Chiko
EU Example of CHoCH set up Simplest set up for reference {image}
mmmmmm CHoC(H)olate

Cheers brother, your charts are always so generous !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #671,236
  • Jul 22, 2022 2:18pm Jul 22, 2022 2:18pm
Quoting eyefeelsix
{quote} test scalp long current atm {image}
my prices and waves updated :
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https://breakpullback.com
  • #671,237
  • Jul 22, 2022 3:00pm Jul 22, 2022 3:00pm
yes !!!
perfect entry
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yes yes yes
  • #671,238
  • Jul 22, 2022 3:02pm Jul 22, 2022 3:02pm
Quoting Moty
yes !!! perfect entry {image}
Its never too late for a quick scalpl sell stop 19948. Wishing us both the best Moty !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #671,239
  • Jul 22, 2022 3:03pm Jul 22, 2022 3:03pm
Quoting Pat Chiko
EU Example of CHoCH set up Simplest set up for reference {image}

EU

CHoCH simple set up.

That's all, have a great weekeneds.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #671,240
  • Edited 3:23pm Jul 22, 2022 3:12pm | Edited 3:23pm
Kicked out by MA goes back near North channel
anything possible as long as night and day exist so the chart does
wheter it is up or down, go banked some pips

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Quoting Moty
yes !!! perfect entry {image}
Holly molly... Got ball of stell opening position at this hour


Quoting Pat Chiko
EU Example of CHoCH set up Simplest set up for reference {image}
Seems legit, copying your chart for further experiment
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
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