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Cable Update (GBPUSD)

  • #672,541
  • Jul 31, 2022 10:34am Jul 31, 2022 10:34am
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  • #672,542
  • Jul 31, 2022 10:44am Jul 31, 2022 10:44am
Quoting Georginson
I have bought at 1.1802, today may be the lowest price for this July or perhaps this Quarter... Let's see as far as 1.1757 holds, the target is 1.2303.
The low of the month actually happened as anticipated on the 14th of July and 1.1757 did hold, while price reacted to 1.2245 being 58 pips shy the projected 1.2303.

Below is my simple take for August and the remaining part of this quarter:

1.2345 is a very important price for bulls to close above...

✓ Above 1.2345 means 1.3000 will be attained
✓ Below 1.2345 means 1.1400 will be attained

August is projected to have between 450 - 600 pips range.

Trade with utmost caution.

Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #672,543
  • Jul 31, 2022 10:47am Jul 31, 2022 10:47am
Quoting Georginson
{quote} The low of the month actually happened as anticipated on the 14th of July and 1.1757 did hold, while price reacted to 1.2245 being 58 pips shy the projected 1.2303. Below is my simple take for August and the remaining part of this quarter: 1.2345 is a very important price for bulls to close above... ✓ Above 1.2345 means 1.3000 will be attained ✓ Below 1.2345 means 1.1400 will be attained August is projected to have between 450 - 600 pips range. Trade with utmost caution. Cheers, George.

are u in favor of long or short? George
  • #672,544
  • Jul 31, 2022 10:51am Jul 31, 2022 10:51am
Quoting nAVIN2007
{quote} are u in favor of long or short? George
Hello Navin, I do not have directional bias at the beginning of the month, I will react to whatever I see. My bias will come in from 12th to 15th day of the month after I have seen certain set ups.
Data + Stat + Risk/Emotions Management
  • #672,545
  • Jul 31, 2022 11:00am Jul 31, 2022 11:00am
Quoting Georginson
{quote} Hello Navin, I do not have directional bias at the beginning of the month, I will react to whatever I see. My bias will come in from 12th to 15th day of the month after I have seen certain set ups.

Nice answer..obviously looking for up haha
  • #672,546
  • Jul 31, 2022 11:01am Jul 31, 2022 11:01am
Quoting Wavegarrick
{quote} Bulls are on for me. Just a last one before weekend close. stops in place. Cheers. {image}
A mouthful I know with all my trades, but locked in. Looking for a retrace towards my weekly pivot at 1.21275 target 1.23000.
Take care.
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Trade to trade another day
  • #672,547
  • Jul 31, 2022 11:09am Jul 31, 2022 11:09am
Quoting Wavegarrick
{quote} A mouthful I know with all my trades, but locked in. Looking for a retrace towards my weekly pivot at 1.21275 target 1.23000. Take care. {image}
I am impressed with your chart.what is this arrow indcator,it seems very nice,plz share the settings as well,thanks
  • #672,548
  • Jul 31, 2022 11:10am Jul 31, 2022 11:10am
Test strategy and indicators using an simulator.

download : https://soft4fx.com/software.php

Inserted Video
Together we can be strongest
Vantage Return This Month: na
  • #672,549
  • Jul 31, 2022 11:29am Jul 31, 2022 11:29am
Max gain is to lock in buyers on a breakout, and then draw price down to force these buyers to liquidate their positions. Once these buyers have sold out then force price back up again to lock in the short sellers
  • #672,550
  • Jul 31, 2022 11:41am Jul 31, 2022 11:41am
I think a similar scenario will play out on usdjpy
  • #672,551
  • Jul 31, 2022 12:03pm Jul 31, 2022 12:03pm
Quoting Wavegarrick
{quote} A mouthful I know with all my trades, but locked in. Looking for a retrace towards my weekly pivot at 1.21275 target 1.23000. Take care. {image}
sir
I looked at your chart and I see that you are accumulating a lot of positions. And if there is an unexpected huge breakout against you? so what is your plan?
  • #672,552
  • Jul 31, 2022 12:12pm Jul 31, 2022 12:12pm
Quoting KeenPips
GBPUSD price action on the daily time frame is sideways as it retests the 1.21240/1.23380 supply zone (purple) seen on the weekly time frame. Although we may still see further bullish move, perhaps for liquidity grab, bears would take advantage of any bullish misstep. I may be wrong. Trade safe and prosper. KP {image}
KeenPips, I have pretty much the same view, although based on a different TA (measured move).
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1.2343 level it's important in my analysis since it's showing up on my 3 TF since June, 17th
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Always trade your own plan...I don't provide trading signals.
  • #672,553
  • Jul 31, 2022 12:18pm Jul 31, 2022 12:18pm
Quoting tiborf71
{quote} sir I looked at your chart and I see that you are accumulating a lot of positions. And if there is an unexpected huge breakout against you? so what is your plan?
Once again as Navin put it. "I do not understand". You speak in riddles. When you are locked in, price can do what it has to because you cannot lose when you are locked in. Do you get my plan now
Trade to trade another day
  • #672,554
  • Jul 31, 2022 12:29pm Jul 31, 2022 12:29pm
so it's irrelevant. trading time is about to start.
  • #672,555
  • Jul 31, 2022 12:36pm Jul 31, 2022 12:36pm
Very good.

Trade safe, prosper.

KP

Quoting Coreg2004
{quote} KeenPips, I have pretty much the same view, although based on a different TA (measured move).{image}1.2343 level it's important in my analysis since it's showing up on my 3 TF since June, 17th{image}
Do your homework, follow the footprints of smart money
  • #672,556
  • Jul 31, 2022 1:49pm Jul 31, 2022 1:49pm
,
  • #672,557
  • Jul 31, 2022 3:19pm Jul 31, 2022 3:19pm
last five months are circled. short bais
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be a thinker before being a reacter
  • #672,558
  • Jul 31, 2022 4:59pm Jul 31, 2022 4:59pm
wake up give them all 50pips 1st
  • #672,559
  • Jul 31, 2022 5:49pm Jul 31, 2022 5:49pm
Usdjpy short
sl 133.149
tp 131.958
My telegram: https://t.me/avidforex
  • #672,560
  • Jul 31, 2022 6:11pm Jul 31, 2022 6:11pm
Long target 1.23
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