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Cable Update (GBPUSD)

  • #674,401
  • Aug 9, 2022 2:46pm Aug 9, 2022 2:46pm
Quoting Moty
Time for long {image}
Be careful mate …. If 12060 breaks below anytime overnight we could be visiting 119
Insane in the Brain..
  • #674,402
  • Aug 9, 2022 2:48pm Aug 9, 2022 2:48pm
Quoting BeeTogether
{quote} Be careful mate …. If 12060 breaks below anytime overnight we could be visiting 119
Hope so I'm SHORT GU
  • #674,403
  • Aug 9, 2022 2:57pm Aug 9, 2022 2:57pm
Quoting Moty
Time for long {image}
The market is going down for the rest of the month. Always follow the trend. Don't trade M1, M5 again. Use weekly or monthly to determine the trend, use H4 to finalise your trend, use H1 or M15 for entry. Success in summary. I will not exit my trades until the end of the week or month.
  • #674,404
  • Aug 9, 2022 3:13pm Aug 9, 2022 3:13pm
Quoting Coreg2004
{quote} Miti, I know you have very good calls on your trades, I just couldn't figure out how you analyze the structure of the market. Thanks for the explanation. I will use it and see how it matches my methods.
Please pardon the multiple typos. I just took gloves off and was trying to respond when I saw your question. I have made corrections and updated the post.
  • #674,405
  • Aug 9, 2022 3:29pm Aug 9, 2022 3:29pm
Quoting Waveskierrob
{quote} Hope so I'm SHORT GU
me too bud! i want 119 lol
Insane in the Brain..
  • #674,406
  • Aug 9, 2022 3:35pm Aug 9, 2022 3:35pm
In the meantime I believe Daily Pivot point 1,2064 is really holding on, only tomorrow we will see if the wave will continue down or continue trend Upwards.

Edit: Also looking to see if 4hr will close above 1,2077
Attached Image (click to enlarge)
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  • #674,407
  • Aug 9, 2022 3:42pm Aug 9, 2022 3:42pm
I managed to end up with a relatively small loss because I started trading what the graph says should happen and not what I fantasize should happen
Attached Image (click to enlarge)
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yes yes yes
  • #674,408
  • Aug 9, 2022 3:44pm Aug 9, 2022 3:44pm
Quoting Moty
I managed to end up with a relatively small loss because I started trading what the graph says should happen and not what I fantasize should happen I managed to end up with a relatively small loss because I started trading what the graph says should happen and not what I fantasize should happen {image}
It doesnt matter what happens champ, you are still number 1 in the Thread.
  • #674,409
  • Aug 9, 2022 3:54pm Aug 9, 2022 3:54pm
Quoting Blazed
In the meantime I believe Daily Pivot point 1,2064 is really holding on, only tomorrow we will see if the wave will continue down or continue trend Upwards. Edit: Also looking to see if 4hr will close above 1,2077 {image}
Isn’t daily pivot 12088?
Attached Image (click to enlarge)
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Insane in the Brain..
  • #674,410
  • Aug 9, 2022 4:02pm Aug 9, 2022 4:02pm
Quoting BeeTogether
{quote} Isn’t daily pivot 12088? {image}
Well darn, now idk which Pivot indicator to follow, I have been using this one from tradingview. Pivor Points Standard.
  • #674,411
  • Aug 9, 2022 4:42pm Aug 9, 2022 4:42pm
Geez I hate being right AFTER I take my trades off.

my original estimation was correct. There is downside here. Yesterday the market was still trying to get bulls onboard. I thought they had finished from the previous day…
  • #674,412
  • Aug 9, 2022 4:46pm Aug 9, 2022 4:46pm
Quoting EvilEye
Geez I hate being right AFTER I take my trades off. my original estimation was correct. There is downside here. Yesterday the market was still trying to get bulls onboard. I thought they had finished from the previous day…
in that case why not put a SL and a TP so you don't have to bite your fingers at the end of the day?
  • #674,413
  • Aug 9, 2022 5:24pm Aug 9, 2022 5:24pm
We should expect aggressive movement on JPY pairs tomorrow.. JPY might come weaker tomorrow. Although the break out in the Asian session will determine a lot.
Lets wait for the breakout on GJ and Uj..

There is something about the Asian session!
My telegram: https://t.me/avidforex
  • #674,414
  • Aug 9, 2022 5:41pm Aug 9, 2022 5:41pm
I expect GU to range today.. The bulls will dominate, scalpers will enjoy today's price action
My telegram: https://t.me/avidforex
  • #674,415
  • Aug 9, 2022 6:08pm Aug 9, 2022 6:08pm
Attached Image (click to enlarge)
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if i was more openminded , and less Fixed in the opinion of where the market wants to go, I would make a lot of money today
Attached Image (click to enlarge)
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yes yes yes
  • #674,416
  • Edited 6:49pm Aug 9, 2022 6:11pm | Edited 6:49pm
Quoting TonyHoney
{quote} The market is going down for the rest of the month. Always follow the trend. Don't trade M1, M5 again. Use weekly or monthly to determine the trend, use H4 to finalise your trend, use H1 or M15 for entry. Success in summary. I will not exit my trades until the end of the week or month.
I share your sentiment

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Actual trade

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Fortune favors the brave.
  • #674,417
  • Aug 9, 2022 7:42pm Aug 9, 2022 7:42pm
I expect the price will move up to 2100/10 then CPI will put down.
Intraday only.
  • #674,418
  • Aug 9, 2022 8:01pm Aug 9, 2022 8:01pm
Quoting navk
I expect the price will move up to 2100/10 then CPI will put down.
price been there 5 times on the 4h and twice on the daily since the leg down.
be a thinker before being a reacter
  • #674,419
  • Aug 9, 2022 8:18pm Aug 9, 2022 8:18pm
yes. But 2065/60 has been supporting for last 2 days.

In this case, I expect a move up. CPI can easily break 2060.
Intraday only.
  • #674,420
  • Aug 9, 2022 8:21pm Aug 9, 2022 8:21pm
Today's target on GU will be 1.19800
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