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Cable Update (GBPUSD)

  • #673,701
  • Aug 5, 2022 8:07am Aug 5, 2022 8:07am
Quoting JereMi256
{quote} Added 2031
TP for all 1.2075
Face 'ur fears & tame 'ur greed
  • #673,702
  • Aug 5, 2022 8:08am Aug 5, 2022 8:08am
Quoting swingtrade65
{quote} Why are you buying?
Retracement, its a strong bear, i want to get out as quick as possible.
Face 'ur fears & tame 'ur greed
  • #673,703
  • Aug 5, 2022 8:08am Aug 5, 2022 8:08am
...to the upside, re immediate near-term 30min-4hr potential obstacles on chart below.

1hr below
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Trader with an Edge.
  • #673,704
  • Aug 5, 2022 8:10am Aug 5, 2022 8:10am
Quoting Mitiblotch
I think it may be a case of good NFP numbers and price dumps due to speculation of another 75bps raise in rates; bad NFP numbers and price still dumps due to fears of recession.
Knocking my broker off the park; like I am practically ripping them off! Thats +100 pips.Thank you Jesus.
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  • #673,705
  • Aug 5, 2022 8:10am Aug 5, 2022 8:10am
Quoting T721
GU daily support at 12015. Thankyou GU, sometimes you just gotta have patience and stick to your plan {image}
Hi Mr T, i hope your enjoying the Edinburgh Festival, loved the military tattoo since i was a kid. My dad's (who's 91 now!) dad was in the Black Watch regiment, always loved the sound of the pipes and drums, gives me goosebumps.
  • #673,706
  • Aug 5, 2022 8:12am Aug 5, 2022 8:12am
Quoting swingtrade65
{quote} Why are you buying?
Hi Buddy!
Kindly please share your view or chart that we can all newbie here learn something from you, cheers!
People don't plan to lose. They lose because they don't plan.
  • #673,707
  • Aug 5, 2022 8:13am Aug 5, 2022 8:13am
rip them off they deserve it
  • #673,708
  • Aug 5, 2022 8:14am Aug 5, 2022 8:14am
Quoting Georginson
{quote} Today is Friday Mate and usually produces erratic price action. 1.2060 is still holding and that's enough clue the bulls are in control until it breaks down before the bears can take control again. Keeping an open mind as regards to price movement will do traders a world of good. Today's range likely between 100 - 150 pips which means either 1.2000 or 1.2280 will be visited today. Above 1.2060 exposes 1.2280, below 1.2060 exposes 1.2000 simple. Just sharing my idea. Cheers, George.
Now gone long at 1.2018, target 1.2100, stop 1.1960.
Data + Stat + Risk/Emotions Management
  • #673,709
  • Aug 5, 2022 8:18am Aug 5, 2022 8:18am
..price has travelled 98% 30day adr,and 120% 13 wk awr so far this day/week. In vicinity of Wkly S1 at the current dly lo.

10/20/50 ema crosses currently as below.
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Trader with an Edge.
  • #673,710
  • Aug 5, 2022 8:20am Aug 5, 2022 8:20am
wide order block.
maybe heading for last week low where there is a double bottom too.
of course not straight down.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #673,711
  • Aug 5, 2022 8:21am Aug 5, 2022 8:21am
enjoy ur short profit next week will still give us another low before up


if 1.1975 hold my target is 1.27

break below 1.1975 target 1.15 1.12



no trade for now market will be here next week
MY OPINION NOT FINANCIAL ADVISE
  • #673,712
  • Aug 5, 2022 8:23am Aug 5, 2022 8:23am
Quoting chipsngravey
{quote} Hi Mr T, i hope your enjoying the Edinburgh Festival, loved the military tattoo since i was a kid. My dad's (who's 91 now!) dad was in the Black Watch regiment, always loved the sound of the pipes and drums, gives me goosebumps.
yeah festival about to start. Edinburgh centre gets over crowded and traffic is a nightmare. Great event tho. Bag pipes not so great. My friend lived right opposite the Castle till Feb this year and couldnt stand the bag pipes, they started every morning at 9am, it drove her crazy. the guy played all day. Anyway i taught her how to trade and she is now in Cannes enjoying the weather
  • #673,713
  • Aug 5, 2022 8:25am Aug 5, 2022 8:25am
Quoting chipsngravey
{quote} Hi Mr T, i hope your enjoying the Edinburgh Festival, loved the military tattoo since i was a kid. My dad's (who's 91 now!) dad was in the Black Watch regiment, always loved the sound of the pipes and drums, gives me goosebumps.
Black Watch reminds me of my kilt i used to wear at Loretto school back when i was a kid
  • #673,714
  • Aug 5, 2022 8:27am Aug 5, 2022 8:27am
GU right at daily support i mentioned
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  • #673,715
  • Aug 5, 2022 8:29am Aug 5, 2022 8:29am
Quoting T721
{quote} Black Watch reminds me of my kilt i used to wear at Loretto school back when i was a kid
Yeah got some old black and white photo's some where in my dad's loft, of his dad in full kit dress kit during the war kilt and all, awesome.
  • #673,716
  • Aug 5, 2022 8:29am Aug 5, 2022 8:29am
Quoting Coreg2004
{quote} Houtbay, yes, maybe, perhaps...2H chart with the bigger picture. If (A)-(B)-(C) is in place I expect the standard correction to 50% level with the zone 1.2028-1.20005, watch for the critical level @ 1.20458 before. {image}
so far the market cooperates with my view...
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Always trade your own plan...I don't provide trading signals.
  • #673,717
  • Aug 5, 2022 8:32am Aug 5, 2022 8:32am
Quoting Coreg2004
{quote} so far the market cooperates with my view...{image} {image}
Coreg hi,

could you pls explain about the measurements of the DRE zone.
  • #673,718
  • Aug 5, 2022 8:33am Aug 5, 2022 8:33am
Hope you all got plenty pips today $$$$$

Sometimes you gotta know when to hold em and know when to take a hit, but if you stick to your plan you should come out alive
  • #673,719
  • Aug 5, 2022 8:33am Aug 5, 2022 8:33am
it doesnt look like its done
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MY OPINION NOT FINANCIAL ADVISE
  • #673,720
  • Aug 5, 2022 8:38am Aug 5, 2022 8:38am
Well done bears! This is good for my oil short.
Weekly BO and retest done, where next?

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