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Cable Update (GBPUSD)

  • #673,441
  • Aug 4, 2022 8:35am Aug 4, 2022 8:35am
Over night trade long on 12138 to 12250. SL 12090
Insane in the Brain..
  • #673,442
  • Aug 4, 2022 8:39am Aug 4, 2022 8:39am
Quoting ScalaFX
{quote} Bulls might push price higher I think, good timing and momentum, I will be closing partial at 2150 and rest will last for 224x maybe, lets see bulls can broke 2150 today
Ok 2140 partial taken, now no stress, now price can do what must to do
People don't plan to lose. They lose because they don't plan.
  • #673,443
  • Aug 4, 2022 8:42am Aug 4, 2022 8:42am
Quoting Pat Chiko
{quote} GU End of scalping {image}
GU

Pullback to RT the RSF zone prior to NFP tomorrow.
If hold, we can enjoy another Bull day, otherwise Bear will in control

Good luck for those who are still in trades, please use "Protective" as ScalaFX regularly using it.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 297.jpg Size: 177 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #673,444
  • Aug 4, 2022 8:43am Aug 4, 2022 8:43am
Gbpaud short at 1.74380
  • #673,445
  • Aug 4, 2022 8:48am Aug 4, 2022 8:48am
Quoting Whale
Useless bears.
This is what we needed:

Attached Image (click to enlarge)
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This is what we got...
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...because you never know - until you do!
  • #673,446
  • Aug 4, 2022 8:50am Aug 4, 2022 8:50am
Quoting Nicco31
on h4 timeframe i still see bearish movement on gbpusd. if it could break through support level of 1.2202, then it may be a signal for reversal and starting of bullish.
Structure still intact .
The H4 movement is corrective moves on Daily TF.
Support holding well for nexr higher level.

If 1.27xxx zone holed well, we can see another bull run tomorrow.
If fail, then Flood Gate Open ( Using BeeTogether words)

Here's chart speak,.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 298.jpg Size: 150 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #673,447
  • Edited 9:07am Aug 4, 2022 8:50am | Edited 9:07am
Quoting Wavegarrick
{quote} Hi Guys, So far my buy trades holding. I will start locking in my trades and hope price does not go down. Touch wood. we shall see. {image}Usdx clearly in a down phase and I would look to add shorts if I was trading it. {image}EurGbp is clearly in a down phase, hence the pound resilience against the dollar. Daily chart. {image}Trade well Folks, Cheers.
Hi Guys,
I am getting bearish confirmation signals on Usdx from a daily perspective. With the not so great result on Gbp rate expectations, we may go into a ranging period with Gu, who knows?. Eu may be a better prospect for longs as well as EurGbp. I play it as it comes and still holding onto my Gu longs but also have to admit that time is running out for bulls. My monthly pivot has been reached and so far a bounce off it. I still maintain that a weekly close below 1.20000 could spiral this pair towards 1.15000, however the 15th of this month would be the half way mark of the 3rd quarter and is going to be crucial going forward and can we close above 1.22500 or below1.20000 at the mid point.
Take care,
Cheers.
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Trade to trade another day
  • #673,448
  • Aug 4, 2022 8:56am Aug 4, 2022 8:56am
Attached File(s)
File Type: pdf 200 Short Trading Psychology Truths - YVAN BYEAJEE.pdf   469 KB | 386 downloads
  • #673,449
  • Aug 4, 2022 9:02am Aug 4, 2022 9:02am
Quoting Moty
Trap or another 30 $? {image}
Another 30 $
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yes yes yes
  • #673,450
  • Aug 4, 2022 9:05am Aug 4, 2022 9:05am
Quoting fxsport
{quote} This is what we needed: {image} This is what we got... {image}
Not sure what is the next step..

I will not trade gu before i see 1.196
and if not end of bears
  • #673,451
  • Aug 4, 2022 9:12am Aug 4, 2022 9:12am
The drop will come , I'm pretty sure , but when ?
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yes yes yes
  • #673,452
  • Aug 4, 2022 9:17am Aug 4, 2022 9:17am
Maybe this a pump before the NFP report tomorrow.

1.218 could be the top today
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #673,453
  • Aug 4, 2022 9:19am Aug 4, 2022 9:19am
Quoting Moty
The drop will come , I'm pretty sure , but when ? {image}
Don’t be sure.. do not implant in your mind any scenario. Follow the money
  • #673,454
  • Aug 4, 2022 9:21am Aug 4, 2022 9:21am
Quoting Moty
The drop will come , I'm pretty sure , but when ? {image}
Took short at the pivot live for 20 pips
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yes yes yes
  • #673,455
  • Edited 11:33am Aug 4, 2022 9:32am | Edited 11:33am
Quoting profits7
{quote} __________ this cable was a MF loser = I better stick to metal 4sure {image}
_______________ banked 50% from TP1 = TP2 @1800 - - - possible that there is a TP3 ?!?

ps; This is NOT goin in a straight line to 1800 = so use proper MM !
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Don’t focus on making $$$, focus on protecting what you have.
  • #673,456
  • Aug 4, 2022 9:34am Aug 4, 2022 9:34am
Quoting eyefeelsix
{quote} current short + pending limit short --- TP open {image}
more higher more better for me
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https://breakpullback.com
  • #673,457
  • Edited 9:48am Aug 4, 2022 9:34am | Edited 9:48am
Quoting Reverso
{quote} Trade going well so far, I expect it to hit TP sooner or later. Tomorrow is Friday and I am not touching it due to NFP, let's say if the ongoing trade doesn't have an outcome by NFP time, I will exit prematurely, but I think is unlikely. If this trade wins, that means 4 green days for the week (Mon +1, Tue +1, Wed +1, Thu -1 +1 = net positive due to RR ratio 1.5:1). {image}
TP hit, this week is perfect, all green days.

EDIT: Supposed to be 70% return for July but I messed it up a bit because I newly adopted the system, towards the final week of July I stabilized and carry on until now, I expect to achieve full potential of my enhanced system starting this month Aug, average monthly return 50% based on manual backtest result, let's see if I can achieve anything close to that in reality. Don't get me wrong, I am not risky person, by default I risk 1% to make 1.5%, due to I want a faster growth I used 2.5x of my original Risk Reward, so it means 2.5% risk per trade for 3.75% reward, if my system works, I shouldn't worry about blowing my account, it will take many losses in a row to kill me, which I don't foresee it happening with a 75% win rate, risk of ruin as per pic below too.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 59.3%
  • #673,458
  • Aug 4, 2022 9:36am Aug 4, 2022 9:36am
Quoting ForexGoose
Maybe this a pump before the NFP report tomorrow. 1.218 could be the top today
Your entry.. you might get it
  • #673,459
  • Aug 4, 2022 9:50am Aug 4, 2022 9:50am
US10Y
SRF
Be prepared for another leg of DXY fall
NFP in focus while China Missiles over taiwan, JPY UP Usd down.
Two selling pressure for DXY to watch out.
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More time in the market, does not mean you trade better!
  • #673,460
  • Aug 4, 2022 9:54am Aug 4, 2022 9:54am
Quoting Pat Chiko
{quote} GU Pullback to RT the RSF zone prior to NFP tomorrow. If hold, we can enjoy another Bull day, otherwise Bear will in control Good luck for those who are still in trades, please use "Protective" as ScalaFX regularly using it. {image}
GU

Scalp short
Attached Image (click to enlarge)
Click to Enlarge Name: gu 305.jpg Size: 98 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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