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Cable Update (GBPUSD)

  • #672,261
  • Jul 29, 2022 1:19am Jul 29, 2022 1:19am
Quoting Wavegarrick
{quote} If you were scalping today Folks. Well done and a rare opportunity to scalp in a small range. However we have had 7 candle closes above 1.21150 with long wicks and 1hr candle closes above. This tells a story in itself and looks more bullish to me. Cheers {image}
Hi Guys,
Anticipated course of action today. A possible retrace back to my daily pivot at 1.21660 and up to my monthly pivot at 1.22393, being the last day of the month.
Take care.
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Trade to trade another day
  • #672,262
  • Jul 29, 2022 1:21am Jul 29, 2022 1:21am
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yes yes yes
  • #672,263
  • Jul 29, 2022 1:23am Jul 29, 2022 1:23am
@Wavegarrick, you carry your trades for how long? When do you plan to sell your earlier positions? Do you have any target in mind?
  • #672,264
  • Jul 29, 2022 1:23am Jul 29, 2022 1:23am
Quoting Theoak
{quote} Broke the higher time frame channel and hit some key historic resistance, but could move to 1.2220. Is it going to retrace back to channel then take off or just keep falling. I think its worth at least looking at retrace back to the channel when breaks out of this range!!!
Still bullish on this pair recent highs broken and in a strong upward trend line. Target 1.2220, but will be looking to target 1.2240 after a pull back. Until this trend line is broken I'm bullish
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Don't trade what you think. Just what you see!!!
  • #672,265
  • Jul 29, 2022 1:26am Jul 29, 2022 1:26am
enuff for today..happy weekend guys..
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  • #672,266
  • Jul 29, 2022 1:28am Jul 29, 2022 1:28am
Quoting JereMi256
Re-entry @1.2192 SL manual TP 1.213
Risky, i deserved that -25pips
Face 'ur fears & tame 'ur greed
  • #672,267
  • Jul 29, 2022 1:30am Jul 29, 2022 1:30am
Its a very strong bullish trend. No point in shorting this market. Wait for some support to be formed and then it breaks the support. GU can easily fly to higher levels now. Remember interest rate cycle is nearing an end or at least that is what the market thinks based on the last FOMC meeting.
  • #672,268
  • Jul 29, 2022 1:36am Jul 29, 2022 1:36am
Quoting Reverso
Today's 1st trade was a winner, entry 1.21656, SL 1.21950, TP 1.21215. Valid Short due to rejected price level of 1.21840 many times and made a bearish engulfing after London Opens, also rejected off important daily level of 1.21902. High conviction Short. Just a while ago spotted a valid trade bounced off daily pivot (1.21370 to 1.21000), entry 1.21490, SL 1.21000 (just under the lower end of pivot), TP 1.22210. Long trade supported by 2-week long term pivot, daily pivot, and bounced back into important daily level of 1.21450, with long bear wick...
TP nicely hit a moment ago, the trade was in loss for quite some time after entering but never broke below the daily pivot, which is my SL, and rebounded nicely to hit my tp.

Long term Bullish trend is further solidified.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #672,269
  • Jul 29, 2022 1:36am Jul 29, 2022 1:36am
Quoting Theoak
{quote} Still bullish on this pair recent highs broken and in a strong upward trend line. Target 1.2220, but will be looking to target 1.2240 after a pull back. Until this trend line is broken I'm bullish {image}
Now on to the final journey 1.2240
Don't trade what you think. Just what you see!!!
  • #672,270
  • Jul 29, 2022 1:40am Jul 29, 2022 1:40am
Quoting ScalaFX
{quote} Added 2190 2200 pendings 2210 2220 2230, lets see if we fly today or make a some correction, trade safe today folks!
That was fast, all active, lets make it down some
People don't plan to lose. They lose because they don't plan.
  • #672,271
  • Jul 29, 2022 1:41am Jul 29, 2022 1:41am
Quoting ScalaFX
{quote} That was fast, all active, lets make it down some
yup time to bring the house down! Preferably to just below 121
Insane in the Brain..
  • #672,272
  • Jul 29, 2022 1:49am Jul 29, 2022 1:49am
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yes yes yes
  • #672,273
  • Jul 29, 2022 1:55am Jul 29, 2022 1:55am
Inserted Video
  • #672,274
  • Jul 29, 2022 1:57am Jul 29, 2022 1:57am
Quoting anandy1
@Wavegarrick, you carry your trades for how long? When do you plan to sell your earlier positions? Do you have any target in mind?
I trade med to long term and trades can go for months. Targets range from monthly to yearly pivots and Fib retraces on the monthly, yearly range.
Cheers.
Trade to trade another day
  • #672,275
  • Jul 29, 2022 2:01am Jul 29, 2022 2:01am
Bulls are truly going for the jugular and already at my monthly pivot at 1.22393 so it throws any retraces out the door for now. Does it retrace from here instead?. We shall see.
Cheers.
Trade to trade another day
  • #672,276
  • Jul 29, 2022 2:03am Jul 29, 2022 2:03am
Quoting ScalaFX
{quote} That was fast, all active, lets make it down some
Added 2240 now, waiting..
People don't plan to lose. They lose because they don't plan.
  • #672,277
  • Jul 29, 2022 2:06am Jul 29, 2022 2:06am
As predicted 1.225 is closer. I feel 1.22562 is a better area to short this pair.
  • #672,278
  • Jul 29, 2022 2:06am Jul 29, 2022 2:06am
Quoting Theoak
{quote} Now on to the final journey 1.2240
1.2240 hit now it can do a few more pips, but I think it will retrace now. I'm going against the trend and being greedy.... small lot target the lower channel

short 1.2240
Don't trade what you think. Just what you see!!!
  • #672,279
  • Jul 29, 2022 2:18am Jul 29, 2022 2:18am
Quoting ScalaFX
{quote} Added 2240 now, waiting..
Target for all shorts will be 2160
People don't plan to lose. They lose because they don't plan.
  • #672,280
  • Jul 29, 2022 2:19am Jul 29, 2022 2:19am
Quoting Theoak
{quote} 1.2240 hit now it can do a few more pips, but I think it will retrace now. I'm going against the trend and being greedy.... small lot target the lower channel short 1.2240
Taken a quick 25 pips. Waiting now for a better price below to go long again.
Don't trade what you think. Just what you see!!!
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