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Cable Update (GBPUSD)

  • #672,721
  • Aug 1, 2022 1:34pm Aug 1, 2022 1:34pm
Quoting ScalaFX
{quote} I have a target with my shorts 1.1960 but will be watching there PA when strongly price broke this level I will be watching new low maybe, cheers!
right now my path is 1.205—>1.196X—->1.1875

after that i rather buy it.

1.235 is a target for bulls, but lets see where daily will end. 2.5h to go.
  • #672,722
  • Aug 1, 2022 1:48pm Aug 1, 2022 1:48pm
Quoting Whale
Am i the only weirdo who is waiting to eql 1.196 will fall to 1.1875 area?
Naah, I´m waiting for todays close to open my short trades.
  • #672,723
  • Aug 1, 2022 2:13pm Aug 1, 2022 2:13pm
Quoting shakmoney
{quote} You not being disciplined, and not being patient made you take a loss when you could of been in profit
I have a trading plan which i follow.
Face 'ur fears & tame 'ur greed
  • #672,724
  • Aug 1, 2022 2:26pm Aug 1, 2022 2:26pm
UJ SHORT FAIR PRICE

sl 132.176
TP 130.811
My telegram: https://t.me/avidforex
  • #672,725
  • Aug 1, 2022 2:43pm Aug 1, 2022 2:43pm
Quoting JereMi256
{quote} I have a trading plan which i follow.
People don't plan to lose. They lose because they don't plan.
  • #672,726
  • Aug 1, 2022 2:55pm Aug 1, 2022 2:55pm
Quoting Nordling
Added to my GU shorts: {image}
Good to see you back!
  • #672,727
  • Aug 1, 2022 3:13pm Aug 1, 2022 3:13pm
Just looking at the charts cable seem to be finding liquidity at these levels!!!
Don't trade what you think. Just what you see!!!
  • #672,728
  • Aug 1, 2022 3:22pm Aug 1, 2022 3:22pm
Quoting Jolita
Top held. Heading towards my tp 1. 21.
I was away, but briefly checked the marked.GU was unbelievable last week, had 2 short trades with tp at 1.2100, missed my tp by a few, went the opposite on the news. I have moved my tp2 lower to 1.2060. Tp1 later hit, Tp2 missed by a few again!
I need to master my spread to make it work to the pip Usually I have to round up/down all the time. Always a challenge for me to aim to the pip.

Added short from 1.2282, tp 1.2150 maybe, sl in positive.

Weekly low sequence ~1.2140, should hold, but if this structure brakes, bears will return.
Attached Image (click to enlarge)
Click to Enlarge Name: _20220801_210506.JPG Size: 121 KB
  • #672,729
  • Aug 1, 2022 3:25pm Aug 1, 2022 3:25pm
Quoting Nordling
{quote} What is the correlation between month start and direction though?
none
90% of traders use TA, indicators and prediction
  • #672,730
  • Aug 1, 2022 3:29pm Aug 1, 2022 3:29pm
Quoting Whale
Am i the only weirdo who is waiting to eql 1.196 will fall to 1.1875 area?
No, you are not. Can still return to 1.14. Question is when
Best be open minded, sticking to one side can make wrong influence.
  • #672,731
  • Aug 1, 2022 3:30pm Aug 1, 2022 3:30pm
Quoting Whale
{quote} and it cant go down and then up?
It can, but what is the rationale behind his decision?
Risk Management is of utmost importance!
  • #672,732
  • Aug 1, 2022 3:30pm Aug 1, 2022 3:30pm
doesn't really looks like a bearish instrument.
90% of traders use TA, indicators and prediction
  • #672,733
  • Aug 1, 2022 3:51pm Aug 1, 2022 3:51pm
Looking at todays close my entries are 1.22843 and 1.23652(Daily Pivot point). SELL LIMIT.

Edit: ALso looking at 1.2300 (4hr Pivot point)
Attached Image (click to enlarge)
Click to Enlarge Name: Daily 1.png Size: 60 KB
  • #672,734
  • Aug 1, 2022 6:51pm Aug 1, 2022 6:51pm
Time to create a new range.

depending on what happens today, price will either drop and I buy, or it will rise and I sell… but no holding the trade over into the next day.
  • #672,735
  • Aug 1, 2022 7:41pm Aug 1, 2022 7:41pm
Cable bulls are active already

I’m waiting for 1.238 to take profit
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #672,736
  • Aug 1, 2022 7:49pm Aug 1, 2022 7:49pm
I have a real hard time not seeing the dollar get some kind of bounce (or reversal) somewhere around these levels.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 49 KB
  • #672,737
  • Aug 1, 2022 8:17pm Aug 1, 2022 8:17pm
Quoting ICouldBWrong
I have a real hard time not seeing the dollar get some kind of bounce (or reversal) somewhere around these levels. {image}
maybe after the NFP report on Friday
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #672,738
  • Aug 1, 2022 8:18pm Aug 1, 2022 8:18pm
close to 2150 is what I am looking today for my short target.

There is hourly MACD showing weakness.

With 4 hr resistance.

This gives 100 pips.

Anyways, market is unpredictable.

My stop 2291.

Entry 2271.
Intraday only.
  • #672,739
  • Aug 1, 2022 8:53pm Aug 1, 2022 8:53pm
Quoting ForexGoose
{quote} maybe after the NFP report on Friday
I guess we'll see. I got some serious doubts about it waiting that long.
  • #672,740
  • Aug 1, 2022 8:59pm Aug 1, 2022 8:59pm
good job all but not me, i have to wait more longer to reach at 2150
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