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Cable Update (GBPUSD)

  • #674,681
  • Aug 10, 2022 10:34am Aug 10, 2022 10:34am
Guess Powell will have his "Softish landing"
More time in the market, does not mean you trade better!
  • #674,682
  • Aug 10, 2022 10:39am Aug 10, 2022 10:39am
price need to come back to his source
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yes yes yes
  • #674,683
  • Aug 10, 2022 10:41am Aug 10, 2022 10:41am
Quoting Moty
{image}
Be patient....
the Friday UK GDP isn't good we will see a number soft... also a pull back for dear DXY
  • #674,684
  • Aug 10, 2022 10:42am Aug 10, 2022 10:42am
Quoting Moty
price need to come back to his source {image}

omg thats canopy not hammer
MY OPINION NOT FINANCIAL ADVISE
  • #674,685
  • Edited 2:57pm Aug 10, 2022 10:43am | Edited 2:57pm
Quoting navk
{quote} It should go down now. Top in place 2277. Should goto 2210/20 before another pull up.
navk, if ABC is in place now, we probe by setting the PRZ for potential W:4 @1.2202-1.2170 according to my method of TA.
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Always trade your own plan...I don't provide trading signals.
  • #674,686
  • Aug 10, 2022 10:47am Aug 10, 2022 10:47am
...Great post-data moves today. First 22251-2191 post data pullback saw a perfect 5min hidden bullish div play at a then 23.6% fib in a prev 1hr/4hr swing hi zone = prev res = pot rbs...then a further leg up to the prev 1hr sw hi zone that extends to 2279 = prev res = pot res, and a further drop-down, and like the first pullback, a regular bearish div play, this time on 5min.

Alters the charts somewhat lol!

1hr below
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Trader with an Edge.
  • #674,687
  • Aug 10, 2022 10:57am Aug 10, 2022 10:57am
Quoting Coreg2004
{quote} navk, if ABC is in place now we probe setting the PRZ for potential W:4 @1.2202-1.2170 according to my method of TA. {image}
And the price should not go above 2260 according to me now.

Let us see.
Intraday only.
  • #674,688
  • Aug 10, 2022 10:58am Aug 10, 2022 10:58am
H&S pattern on Daily, Weekly and Monthly charts look identical.
We are redrawing left shoulder.
Possibility there will be no lower lows.
  • #674,689
  • Aug 10, 2022 11:00am Aug 10, 2022 11:00am
Quoting Moty
price need to come back to his source {image}
Why?
How to succeed in zero sum game?
  • #674,690
  • Aug 10, 2022 11:02am Aug 10, 2022 11:02am
i have a long bias now. waiting on the snipe.
be a thinker before being a reacter
  • #674,691
  • Aug 10, 2022 11:03am Aug 10, 2022 11:03am
Quoting donfriday
i must be careful with this pair it can go up to 1.2325/30 then drop to 1.19 be smart and patience
what everyone doing now is shorting.

According to me, it should be only scalp for tonight.

Tomorrow, may be ranging day.
Intraday only.
  • #674,692
  • Aug 10, 2022 11:08am Aug 10, 2022 11:08am
Quoting navk
{quote} what everyone doing now is shorting. According to me, it should be only scalp for tonight. Tomorrow, may be ranging day.
Price didnt make a HH at H4 or more, if can make this I will be long biased, till now only short with the trend by me
People don't plan to lose. They lose because they don't plan.
  • #674,693
  • Aug 10, 2022 11:10am Aug 10, 2022 11:10am
Closed all
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Good luck all, folks!
God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #674,694
  • Aug 10, 2022 11:15am Aug 10, 2022 11:15am
Quoting navk
{quote} And the price should not go above 2260 according to me now. Let us see.
navk, there are still too many variations possible, hard to speculate what might happen. I work with the assumption that W:C is in place because all calculations for minimum conditions are there. Have we seen the top today? yes, maybe, perhaps.
Always trade your own plan...I don't provide trading signals.
  • #674,695
  • Aug 10, 2022 11:16am Aug 10, 2022 11:16am
looking for a bounce off this structure marked by purple box.
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i fee like price will be gaining momentum and may engulf the last two months to the upside before the months end.
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be a thinker before being a reacter
  • #674,696
  • Aug 10, 2022 11:18am Aug 10, 2022 11:18am
Quoting Coreg2004
{quote} navk, there are still too many variations possible, hard to speculate what might happen. I work with the assumption that W:C is in place because all calculations for minimum conditions are there. Have we seen the top today? yes, maybe, perhaps.
today, to me 2277 is the top.

My stop for tonight 2277
Intraday only.
  • #674,697
  • Aug 10, 2022 11:24am Aug 10, 2022 11:24am
This is enough for me tonight.

I am off.

Will have a fresh look in Tokyo.
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Intraday only.
  • #674,698
  • Aug 10, 2022 11:25am Aug 10, 2022 11:25am
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  • #674,699
  • Aug 10, 2022 11:25am Aug 10, 2022 11:25am
Quoting dempire1
{quote} Why?
because i said so
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yes yes yes
  • #674,700
  • Aug 10, 2022 11:28am Aug 10, 2022 11:28am
Quoting Wavegarrick
{quote} Have to love it when a plan comes together Folks 1.23600 looks attractive. Take care. {image}
With basically 2 trading days to go for the mid point of the 3rd quarter it is no Coincidence that we are sitting at 1.22500 which is the half way mark between 1.20000 and 1.25000. I think we could close the week around this area.
Trade well,
Cheers.
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