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Cable Update (GBPUSD)

  • #671,841
  • Jul 27, 2022 11:55am Jul 27, 2022 11:55am
Quoting Mitiblotch
The longs are piling in. Either way the bottom isn't seen yet. If it spike up first I will short it. If it spikes down I will stay out. {image}
where did you get this data
  • #671,842
  • Jul 27, 2022 11:56am Jul 27, 2022 11:56am
Quoting Whale
{quote} GU is so kind to to the retailers mindset traders.. Its so easy to predict when it will range, but you need to be glued to chart to take trades.. i hate it.

you dont need to be glued

u can trade on daily chart
MY OPINION NOT FINANCIAL ADVISE
  • #671,843
  • Jul 27, 2022 12:11pm Jul 27, 2022 12:11pm
Quoting donfriday
{quote} you dont need to be glued u can trade on daily chart
Thanks
Please provide kind of tips on daily basis.
  • #671,844
  • Jul 27, 2022 12:12pm Jul 27, 2022 12:12pm
Quoting navk
Can I say fantabulous day until now ? why not ? Yeah, I averted Daily loss at the end. London open, i suffered losses. NY open made it back. ha..ha.. Now, I will try to do something in FOMC. {image}
Really Fantabulous day Mr. Navk. !

Yes, you did it.

Was a loss day until NY opened.

The losses occured in London have been recovered + Additional profits.

Made the loss day into great profitable day.

Attached Image (click to enlarge)
Click to Enlarge Name: book.png Size: 25 KB
Intraday only.
  • #671,845
  • Jul 27, 2022 12:13pm Jul 27, 2022 12:13pm
Quoting Wavegarrick
{quote} Pivot from 2 weeks ago at 1.20218 showing signs of rejection with bullish signals. 1Hr perspective buy trades added. Sorry folks for the time lapse. Hard to post and keep up with price. Cheers. {image}
The dilemma any medium to long term trader will be sitting with now. So far GU setting up for buy trades from a 4 hr perspective. Can the US rate decision throw my plan into turmoil?, we shall see. Nevertheless all trades locked in and I will deal with it as it comes.
47 minutes left,
Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #671,846
  • Jul 27, 2022 12:16pm Jul 27, 2022 12:16pm
Quoting Wavegarrick
{quote} The dilemma any medium to long term trader will be sitting with now. So far GU setting up for buy trades from a 4 hr perspective. Can the US rate decision throw my plan into turmoil, we shall see. Nevertheless all trades locked in and I will deal with it as it comes. 47 minutes left, Cheers. {image}
I agree.

On top of it, today open price is 2020.

Even 1 pip down would make this day bearish candle.

The way 2019 defended, I feel it is going to be bullish

Any one long should keep 2019 stop.
Intraday only.
  • #671,847
  • Jul 27, 2022 12:19pm Jul 27, 2022 12:19pm
is it some kind of pressure trying to force the pair upwards?
.
.
please correct me if I'm wrong
  • #671,848
  • Jul 27, 2022 12:21pm Jul 27, 2022 12:21pm
Quoting Lool
is it some kind of pressure trying to force the pair upwards? . . please correct me if I'm wrong
Getting ready for a spike, I think. I am waiting at the top to slap it down with a bazooka.
  • #671,849
  • Jul 27, 2022 12:23pm Jul 27, 2022 12:23pm
Quoting Mitiblotch
{quote} Getting ready for a spike, I think. I am waiting at the top to slap it down with a bazooka.
They may just do the opposite.

Intraday only.
  • #671,850
  • Jul 27, 2022 12:24pm Jul 27, 2022 12:24pm
Quoting navk
{quote} They may just do the opposite.
Exactly. If they spike it down first I will just close up and go to bed.
  • #671,851
  • Jul 27, 2022 12:31pm Jul 27, 2022 12:31pm
Quoting Mitiblotch
{quote} Exactly. If they spike it down first I will just close up and go to bed.
Insert some Buy stop and sell stop
More time in the market, does not mean you trade better!
  • #671,852
  • Jul 27, 2022 12:36pm Jul 27, 2022 12:36pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW4.png Size: 32 KB

Have I missed any updates?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #671,853
  • Jul 27, 2022 12:40pm Jul 27, 2022 12:40pm
Quoting TooSlow
{image} Have I missed any updates?
Nothing yet… ranging for the last 5 hours
Insane in the Brain..
  • #671,854
  • Jul 27, 2022 12:44pm Jul 27, 2022 12:44pm
Quoting BeeTogether
{quote} Nothing yet… ranging for the last 5 hours
Today has been painfully slow!!! Hope this data kicks it into life!!!
Don't trade what you think. Just what you see!!!
  • #671,855
  • Jul 27, 2022 12:47pm Jul 27, 2022 12:47pm
Attached Image (click to enlarge)
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yes yes yes
  • #671,856
  • Jul 27, 2022 12:50pm Jul 27, 2022 12:50pm
Quoting Whale
{quote} Thanks Please provide kind of tips on daily basis.

same strategy u been using

but different
time and sl
MY OPINION NOT FINANCIAL ADVISE
  • #671,857
  • Jul 27, 2022 12:51pm Jul 27, 2022 12:51pm
I expect a dip to occur during the interest rate release but after the very first minutes, anything could happen; especially during Powell speech.
Risk Management is of utmost importance!
  • #671,858
  • Jul 27, 2022 12:52pm Jul 27, 2022 12:52pm
Price trickling up could be for s as bigger fall. Heads I play the spike tails I don’t lol
Insane in the Brain..
  • #671,859
  • Jul 27, 2022 12:53pm Jul 27, 2022 12:53pm
Quoting RCtrader
I expect a dip to occur during the interest rate release but after the very first minutes, anything could happen; especially during Powell speech.
The dip should make the price move to the day open.
Risk Management is of utmost importance!
  • #671,860
  • Jul 27, 2022 12:55pm Jul 27, 2022 12:55pm
Small short in at 2061. Another small one pending at 2080 just in case of overreaching spikes. My plan below:
Attached Image (click to enlarge)
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