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Cable Update (GBPUSD)

  • #672,581
  • Aug 1, 2022 2:35am Aug 1, 2022 2:35am
Quoting navk
Range now 2157 to 2199. The daily candle will form based on break of either side now
August is usually scalpers heaven... Then September is usually a break out month... Just an observation.
Data + Stat + Risk/Emotions Management
  • #672,582
  • Aug 1, 2022 2:40am Aug 1, 2022 2:40am
In terms of drop I can’t see a drop below 12150 on the 1H
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Insane in the Brain..
  • #672,583
  • Aug 1, 2022 2:56am Aug 1, 2022 2:56am
Any ideas for usd/cad anyone? Thanks
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • #672,584
  • Edited 3:24am Aug 1, 2022 3:12am | Edited 3:24am
Quoting hans91
{quote} Hi Leon, Glad to see you still active in this forum. if i may ask, at what target of your long? cause DXY for now is still too strong, hard to risk assets to beat it while Fed still hawkish for current condition.
Hi Hans,
I would be sticking my neck out if I give set targets especially when it comes to long term. As we know, nothing in Forex is cast in stone and lets just say that I would be happy if we close the 3rd quarter which consists of July, August and September, above 1.25000 and specifically towards my Yearly 50% fib retrace at 1.27533. On the Flip side, a monthly close below 1.20000 could spiral us towards 1.15000 and below. The trick for me is to trade like a scalper and lock in breakeven and some as quick as possible and let price action do its thing.
Cheers.
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Trade to trade another day
  • #672,585
  • Aug 1, 2022 3:16am Aug 1, 2022 3:16am
Quoting Wavegarrick
{quote} Hi T4T, The indicator is called "HGI_v16.09". Unfortunately it is exclusive to membership (free} and carries a yearly expiry date. Just google the indicator name. Settings are default. Cheers.
thanks a lot, have a blessed week full of pips.
  • #672,586
  • Aug 1, 2022 3:17am Aug 1, 2022 3:17am
I would have expected a bigger drop last week from up here, but it's not dropping.
Keeps making additional ranges higher and higher...

Price is going to roll off somewhere. Just got to wait and see which way it goes.
Not trading this right now.
  • #672,587
  • Aug 1, 2022 3:40am Aug 1, 2022 3:40am
Quoting EvilEye
I would have expected a bigger drop last week from up here, but it's not dropping. Keeps making additional ranges higher and higher... Price is going to roll off somewhere. Just got to wait and see which way it goes. Not trading this right now.
have to agree here, we should have seen a decent drop by now.. Asia session flirted with 220 but didn’t break was expecting a drop on LO.. will keep my shorted from 12175 on for time being
Insane in the Brain..
  • #672,588
  • Aug 1, 2022 3:41am Aug 1, 2022 3:41am
the plan now is to look for pull back and buy again i have closed all buys at 1.2240

Q3 remains bullish for me


trade with caution
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MY OPINION NOT FINANCIAL ADVISE
  • #672,589
  • Aug 1, 2022 3:43am Aug 1, 2022 3:43am
Golds next target 1778
  • #672,590
  • Aug 1, 2022 3:48am Aug 1, 2022 3:48am
Quoting donfriday
the plan now is to look for pull back and buy again i have closed all buys at 1.2240 Q3 remains bullish for me trade with caution {image}
where do you see a retrace to?
Insane in the Brain..
  • #672,591
  • Aug 1, 2022 3:53am Aug 1, 2022 3:53am
Gbpusd currently long tp 1.23200
  • #672,592
  • Aug 1, 2022 3:56am Aug 1, 2022 3:56am
Quoting BeeTogether
{quote} where do you see a retrace to?

2022 low 1.17 up to 1.27-1.28 then drop/range


2023 up to 1.30-1.32 then drop for new lows 1.15-1.12 and 1.10



DXY is bullish above 100.00 targets 125


PLS ITS MY VIEW

my overall view on the chart below bullish harmonic butterfly
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MY OPINION NOT FINANCIAL ADVISE
  • #672,593
  • Aug 1, 2022 3:56am Aug 1, 2022 3:56am
DXY is making a falling wedge. If it breaks the support 105.4 then it will fall badly. Next support for DXY is 105.2. Guess this will be broken in NY session post ISM results.
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  • #672,594
  • Aug 1, 2022 4:00am Aug 1, 2022 4:00am
Quoting EvilEye
I would have expected a bigger drop last week from up here, but it's not dropping. Keeps making additional ranges higher and higher... Price is going to roll off somewhere. Just got to wait and see which way it goes. Not trading this right now.
the drop is coming not just immediately
  • #672,595
  • Aug 1, 2022 4:01am Aug 1, 2022 4:01am
let me try a sell from 1.2275 i am looking for buy from the pull back
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MY OPINION NOT FINANCIAL ADVISE
  • #672,596
  • Aug 1, 2022 4:04am Aug 1, 2022 4:04am
Closed my gold long
  • #672,597
  • Aug 1, 2022 4:07am Aug 1, 2022 4:07am
Quoting donfriday
let me try a sell from 1.2275 i am looking for buy from the pull back

i have a long pending from 12100 if we get close to it i will manually start the long. The other point is BoE are looking to raise rates by 0.5% which will help GBP get stronger which could be why we are seeing a strong surge today
Insane in the Brain..
  • #672,598
  • Aug 1, 2022 4:07am Aug 1, 2022 4:07am
Quoting Pat Chiko
{quote} GU Update scalping position. {image}
I think this trade had been SL.?
  • #672,599
  • Aug 1, 2022 4:08am Aug 1, 2022 4:08am
Quoting Theoak
Long in at 1.2187 target 1.2232. Higher lows pushing into the resistance line giving confidence the level will be broken. The ugly daily candle is the problem. {image} {image}
Target hit. Entered same set-up on the EUR
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Don't trade what you think. Just what you see!!!
  • #672,600
  • Aug 1, 2022 4:09am Aug 1, 2022 4:09am
Again i am losing money out if stupitness
Switched to long , tp 1.22700
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yes yes yes
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