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Cable Update (GBPUSD)

  • #672,481
  • Jul 29, 2022 7:16pm Jul 29, 2022 7:16pm
GU got beautiful support from a bullish trendline. Looking for next target of 1.232 and 1.248. Expect some fireworks on Thursday when BOE announces interest rates.
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  • #672,482
  • Jul 29, 2022 10:49pm Jul 29, 2022 10:49pm
Quoting Pat Chiko
{quote} GU Update scalping position. {image}
May I know why did you open the same position multiple times?
My best guess is that, multiple 1.95 lots actually equals to your acceptable risk per trading session (for example I am willing to risk 1.00 lot per trade, so I split them into five 0.20 lots for different targets), you intentionally split it into a few because you want to TP each of them differently, some exit earlier while some hold on for longer to ride bigger waves?
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  • #672,483
  • Jul 29, 2022 11:54pm Jul 29, 2022 11:54pm
Quoting JereMi256
{quote} 1.211 has to get retested early next week for further upside in my view.
Hi Jeremi,
Yes, you are quite correct. My future weekly pivot is at 1.21277 and in all probability will be tested.
Have a great weekend,
Cheers.
Trade to trade another day
  • #672,484
  • Jul 30, 2022 12:08am Jul 30, 2022 12:08am
The pivot is just another nonsense that traders use. There is no proof of how many % are actually correct.
  • #672,485
  • Jul 30, 2022 12:23am Jul 30, 2022 12:23am
Quoting tiborf71
hopefully, everyone has taken into account that the USD will strengthen next week. because there are big plausible signs.
Quote
The pivot is just another nonsense that traders use. There is no proof of how many % are actually correct.
Oh I see. Is this why you called for the dollar to strengthen last week.
Just thinking out loud.
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Trade to trade another day
  • #672,486
  • Jul 30, 2022 12:44am Jul 30, 2022 12:44am
Quoting Wavegarrick
{quote} {quote} Oh I see. Is this why you called for the dollar to strengthen last week. Just thinking out loud. {image}
I have been trading usd/jpy this week and yes the pair went up until wednesday then a bigger drop this week

I waited for the shopping zone
I now have a long usd/jpy position.
so far everything is fine.
H1.

I HOPE I WAS CLEAR.?
  • #672,487
  • Jul 30, 2022 1:00am Jul 30, 2022 1:00am
Quoting Wavegarrick
{quote} Hi Jeremi, Yes, you are quite correct. My future weekly pivot is at 1.21277 and in all probability will be tested. Have a great weekend, Cheers.
Well said

My weekend is just fine, thank you. Have a great one too!
Face 'ur fears & tame 'ur greed
  • #672,488
  • Jul 30, 2022 1:03am Jul 30, 2022 1:03am
As long price below last week high, 1.19 is my target

better my sell zone to hold
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  • #672,489
  • Jul 30, 2022 2:20am Jul 30, 2022 2:20am
Quoting Wavegarrick
{quote} {quote} Oh I see. Is this why you called for the dollar to strengthen last week. Just thinking out loud. {image}
I think everyone has thought through the possible scenarios.!!!!!!!!!!!!!!!!!!!!!!!!!
if we have a brain then yes.
  • #672,490
  • Jul 30, 2022 2:27am Jul 30, 2022 2:27am
Quoting Whale
As long price below last week high, 1.19 is my target better my sell zone to hold {image}
What about the ascending channel?
  • #672,491
  • Jul 30, 2022 2:57am Jul 30, 2022 2:57am
Hello!!

GBP/USD Levels

R - 1.2238
S - 1.2082

Important News:

ISM Manufacturing PMI (Monday) (Importance: High)
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  • #672,492
  • Jul 30, 2022 3:00am Jul 30, 2022 3:00am
Quoting Whale
As long price below last week high, 1.19 is my target better my sell zone to hold {image}
Nice chart! I see unfinished business down there and a QM setup up there , i will watchout for that drop(payback for US rate hike news, maybe?)

Thanks for sharing, have a great weekend!
Face 'ur fears & tame 'ur greed
  • #672,493
  • Jul 30, 2022 3:40am Jul 30, 2022 3:40am
My GBPUSD H1 with indicator for PA trading (Level/TrendLine)
esay trading
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  • #672,494
  • Jul 30, 2022 4:09am Jul 30, 2022 4:09am
ok so we have Friday close HH-HL....THURSDAY is crucial but Monday???
average dude treading water
  • #672,495
  • Jul 30, 2022 4:38am Jul 30, 2022 4:38am
gbp/jpy.
the odds say this pair could be good for a long position.
h1.
  • #672,496
  • Jul 30, 2022 4:48am Jul 30, 2022 4:48am
Quoting tiborf71
gbp/jpy. the odds say this pair could be good for a long position. h1.
for the avoidance of doubt this does not mean that it will rise 1000 pips
it's just H1!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LOL.
  • #672,497
  • Jul 30, 2022 5:25am Jul 30, 2022 5:25am
Quoting Wavegarrick
{quote} {quote} Oh I see. Is this why you called for the dollar to strengthen last week. Just thinking out loud. {image}
the herd is always wrong. that's why you have to think differently. therefore, the trendy strategies used by everyone are not profitable.
here are self-proclaimed gurus who lead the pack and the losers.

wake up people!
  • #672,498
  • Jul 30, 2022 5:57am Jul 30, 2022 5:57am
Looking at the charts in my opinion cable on Sunday night should continue on an up trend
  • #672,499
  • Jul 30, 2022 5:59am Jul 30, 2022 5:59am
The hard thing in forex is having the ability to make a plan in advance and having the psychology to trade it all the way through. (it's my opinion)
  • #672,500
  • Jul 30, 2022 6:07am Jul 30, 2022 6:07am
Gbpjpy in my opinion on Sunday will
move upwards a few hundred points to resistance and then down again.
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