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Cable Update (GBPUSD)

  • #674,021
  • Aug 8, 2022 8:34am Aug 8, 2022 8:34am
Quoting boodvah
4h candle looking good with an hour and some change left. i pulled my stop in. shooting for lows.{image}
That is what I was looking at too. I was thinking it might go up more but it has a lot of pressure to go thru... Here's my pict.
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My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #674,022
  • Aug 8, 2022 8:37am Aug 8, 2022 8:37am
Quoting JameRomeo168
1.21600 is the strong resistance for the bear. Due to recent economic conditions, I think bull won't past this level easily. Short term buy, TP 1.21600
Head and Shoulder pattern formed in M1 and M5 chart.

Now close my long with small loss and wait for new entry
With courage, patience, and discipline, success is a matter of time.
  • #674,023
  • Aug 8, 2022 8:40am Aug 8, 2022 8:40am
Current strength indicates dollar is stronger than GBP right now...

Attached Image (click to enlarge)
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My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #674,024
  • Aug 8, 2022 8:41am Aug 8, 2022 8:41am
Quoting stjoeforex
{quote} That is what I was looking at too. I was thinking it might go up more but it has a lot of pressure to go thru... Here's my pict. {image}
that's a clean chart my dude. yea at this point I'm just looking for a confirming candle and yes there is a lot of structure that may be just absorbing liquidity over top.
be a thinker before being a reacter
  • #674,025
  • Aug 8, 2022 8:42am Aug 8, 2022 8:42am
Quoting ForexGoose
It doesn't look like any rally above 1.212 will be sustained in the near-term.
sold from 1.211, stop loss above 1.215, target is 1.20 and under
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #674,026
  • Aug 8, 2022 8:45am Aug 8, 2022 8:45am
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Tall tails tell tales.
  • #674,027
  • Aug 8, 2022 8:45am Aug 8, 2022 8:45am
Quoting stjoeforex
Current strength indicates dollar is stronger than GBP right now... {image}
you ever tried finviz.com?
be a thinker before being a reacter
  • #674,028
  • Aug 8, 2022 8:46am Aug 8, 2022 8:46am
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yes yes yes
  • #674,029
  • Aug 8, 2022 8:46am Aug 8, 2022 8:46am
Quoting stjoeforex
Current strength indicates dollar is stronger than GBP right now... {image}
Either it is fake or not updated
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Gold Recovery All Time Profit: -$3,961
  • #674,030
  • Aug 8, 2022 8:48am Aug 8, 2022 8:48am
Quoting LvMMT
{quote} I had 3 short ones {image} now I have moved to long... {image} God bless everyone!
Closed all longs...

looking for short...

Attached Image (click to enlarge)
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God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #674,031
  • Aug 8, 2022 8:49am Aug 8, 2022 8:49am
Quoting Reverso
Back to home, entered Long about 1 hour+ ago. Entry 1.21053, SL 1.20735, TP 1.21529 Rationale: price bounced off daily pivot and didn't break through it multiple times today, also supported by 2-week pivot, the placement of daily pivot is more biased towards lower side of the range and price stays above it, it is assumed the price will not break below. {image}
Update on ongoing trade, the level 1.21208 is the daily upper important level, price has been rejected 1 time off it before my entry, and 2 times after my entry.
Candle need to close above that level to add more confidence to the progression of the ongoing trade, it's like getting over the critical period inside the Intensive care unit hospital room.

As of now, price convincingly broke and closed above that level, only 50% distance remaining to my TP.
Finger crossed it will reach TP sooner or later.
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  • #674,032
  • Aug 8, 2022 8:49am Aug 8, 2022 8:49am
That is all today guys.

Closing the shop.

Too much profit. Enough.

Will take rest for the rest of the day.

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Intraday only.
  • #674,033
  • Aug 8, 2022 8:50am Aug 8, 2022 8:50am
Quoting ForexGoose
{quote} sold from 1.211, stop loss above 1.215, target is 1.20 and under {image}
cable likely to go higher
the cautious seldom err....C
  • #674,034
  • Edited 9:05am Aug 8, 2022 8:51am | Edited 9:05am
It will hit 1.21399 and then come down if the trend continues bullish

(my opinion... please correct me if wrong )
  • #674,035
  • Edited 9:05am Aug 8, 2022 8:52am | Edited 9:05am
Quoting GODofMC
{quote} And now im waiting higher to make short maybe at 2130 or more, or just when indicator reach top will scalp 5-10 pips
Irregular movement coming . . . But try still try to short at 2130 smallest lot.
Could be go higher to reach NAVK target
Will close at plus or minus if neccesarry
Attached Image (click to enlarge)
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Premature close
But nvm
Attached Image (click to enlarge)
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #674,036
  • Aug 8, 2022 8:55am Aug 8, 2022 8:55am
Attached Image (click to enlarge)
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  • #674,037
  • Aug 8, 2022 8:57am Aug 8, 2022 8:57am
Wow, I'm impressed with this huge and volatility movement right now on GBPUSD. I see good potential for further growth of the pound. Although on the daily chart the situation is rather disputable. But hope is the last to die. Pound should grow.
  • #674,038
  • Aug 8, 2022 8:57am Aug 8, 2022 8:57am
Quoting LvMMT
{quote} Closed all longs... looking for short... {image} God bless everyone!

expect TP....
Attached Image (click to enlarge)
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God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #674,039
  • Aug 8, 2022 9:04am Aug 8, 2022 9:04am
Quoting LvMMT
{quote} expect TP.... {image} God bless everyone!
TP hit...


Attached Image (click to enlarge)
Click to Enlarge Name: 2022.08.08 17.03 PM.png Size: 26 KB

God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #674,040
  • Aug 8, 2022 9:06am Aug 8, 2022 9:06am
Quoting Lool
It will hit 1.21399 and then come down if the trend continues bullish (my opinion... please correct me if wrong )
you are wrong
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yes yes yes
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