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Cable Update (GBPUSD)

  • #673,241
  • Aug 4, 2022 2:22am Aug 4, 2022 2:22am
Quoting ScalaFX
{quote} Protecting all positions from 2110 to 2130 every 5 pip, maybe have some lack to catch 2300
Some closed by price but reentered one more time and added more, target 1.23
People don't plan to lose. They lose because they don't plan.
  • #673,242
  • Aug 4, 2022 2:27am Aug 4, 2022 2:27am
H1 showing the primary trend to be up ,H1 primary trend is a minor correction on the daily, yesterdays primary down swing with minor down swings would still be classed as corrective until the break down of the last primary higher low.

Equally for a continuation of the primary trend upwards, a structure break of the last minor lower high at 2209 would be needed.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 21 KB



Yesterdays primary down swing which was corrective within the overall primary uptrend gave some minor swing trades opps, personally i prefer to trade in the direction of the primary trend because these minor swings within a primary corrective swing can more often be erratic.
Follow The Markets Structure - Patience and Discipline
  • #673,243
  • Aug 4, 2022 2:33am Aug 4, 2022 2:33am
switched to long
Attached Image(s) (click to enlarge)
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yes yes yes
  • #673,244
  • Aug 4, 2022 2:35am Aug 4, 2022 2:35am
Quoting Mitiblotch
Just went short at 2147 for tomorrow. I somehow think tomorrow will send this thing to abyss. Been busy all day and just looked at rhe GU chart a few minutes ago. I see some sort of HS pattern in the 4hr chart. I'm taking it. Hopefully it dumps into the ocean tomorrow. And if we first get a huge spike tomorrow I will add to this short. If it dumps first I will make sure to bank some good pips.
Bought the London spike. Closed at 2174. Now still holding my short from 2147. I believe I will see at least 2040 today!
  • #673,245
  • Aug 4, 2022 2:37am Aug 4, 2022 2:37am
Ain't the BOE 50bps hike already priced in?
More time in the market, does not mean you trade better!
  • #673,246
  • Aug 4, 2022 2:40am Aug 4, 2022 2:40am
scalping short from 1.2175 100+tp 50sl
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2022-08-04 07-39-29-585.jpg Size: 134 KB
MY OPINION NOT FINANCIAL ADVISE
  • #673,247
  • Aug 4, 2022 2:41am Aug 4, 2022 2:41am
Inserted Video
  • #673,248
  • Aug 4, 2022 2:45am Aug 4, 2022 2:45am
Resistance level. Hopefully price will react and start us on a bear run. If not then I might be out cable for a bit. Until there is a clearer picture!!
Don't trade what you think. Just what you see!!!
  • #673,249
  • Aug 4, 2022 2:48am Aug 4, 2022 2:48am
Quoting donfriday
scalping short from 1.2175 100+tp 50sl {image}
do you think we will see a big spike up at BoE?
Insane in the Brain..
  • #673,250
  • Aug 4, 2022 2:49am Aug 4, 2022 2:49am
Quoting Theoak
Resistance level. Hopefully price will react and start us on a bear run. If not then I might be out cable for a bit. Until there is a clearer picture!!
My resistance at 12712 (earlier support) which it really needs to break through
  • #673,251
  • Aug 4, 2022 2:53am Aug 4, 2022 2:53am
Quoting Chris_35
{quote} My resistance at 12712 (earlier support) which it really needs to break through
I think you might be waiting a long time. Sure your figures are correct?
Don't trade what you think. Just what you see!!!
  • #673,252
  • Aug 4, 2022 2:53am Aug 4, 2022 2:53am
likely to be long day today.

Have we seen lows ?

In any case, 2200 is to be seen.
Intraday only.
  • #673,253
  • Aug 4, 2022 2:54am Aug 4, 2022 2:54am
Short @1.2172
TP & SL pending...
Face 'ur fears & tame 'ur greed
  • #673,254
  • Aug 4, 2022 2:59am Aug 4, 2022 2:59am
Gbpusd trend still remains downwards
  • #673,255
  • Aug 4, 2022 3:00am Aug 4, 2022 3:00am
Quoting Chris_35
{quote} My resistance at 12712 (earlier support) which it really needs to break through
I want to go with this downward trend. I think you mean 1,2112. This will be one of my targets... If this thing keeps going up then I don't want to get involves and might be out the market for a while and look at different pairs.

I think I might be taking a short soon!!!
Don't trade what you think. Just what you see!!!
  • #673,256
  • Aug 4, 2022 3:03am Aug 4, 2022 3:03am
Quoting Theoak
{quote} I think you might be waiting a long time. Sure your figures are correct?
Support from 14th July 11760 broken yesterday and has resisted 5 times to break through on 1hr chart
  • #673,257
  • Aug 4, 2022 3:04am Aug 4, 2022 3:04am
come on !!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 15 KB
yes yes yes
  • #673,258
  • Aug 4, 2022 3:05am Aug 4, 2022 3:05am
Quoting Moty
come on !!!! {image}
No!!! Hammer time!!
Insane in the Brain..
  • #673,259
  • Aug 4, 2022 3:14am Aug 4, 2022 3:14am
Quoting BeeTogether
{quote} do you think we will see a big spike up at BoE?

i am a full tech trader i use news as caution to lower my risk

i am projecting a drop from 1.2175 cus we found resistance at 1.2200 yesterday from london-NY


so i want to see 1.2050 and maybe lower, i can see a hidden bullish div in that area also we need to be very very caution of 1.2275-1.2350

trade safe/ just my view
MY OPINION NOT FINANCIAL ADVISE
  • #673,260
  • Aug 4, 2022 3:14am Aug 4, 2022 3:14am
Quoting Mitiblotch
{quote} Bought the London spike. Closed at 2174. Now still holding my short from 2147. I believe I will see at least 2040 today!
Closed this short at 2170. I think I want to wait. My buy profit cancels the loss so just minus $4. That's nothing. Let's see if I can get better prices today.
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