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Cable Update (GBPUSD)

  • #674,841
  • Aug 11, 2022 2:36am Aug 11, 2022 2:36am
Waiting for 2208/3 if hold for strong bull action or bounce to back for previous low, so now target areas.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #674,842
  • Aug 11, 2022 2:44am Aug 11, 2022 2:44am
London is not so great today.

Going to sleep now.

Will be back in NY
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Intraday only.
  • #674,843
  • Aug 11, 2022 2:46am Aug 11, 2022 2:46am
Quoting PatienceFx
{quote} rather sell limit REMOVED LOL {image}
Haha, thats why i swearing, imposible to that poin anymore, except for news, and if news make it to 2255 again, im afraid it will goes up better than that.
Unless mixed data, but i wont bet on mixed data
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #674,844
  • Aug 11, 2022 2:46am Aug 11, 2022 2:46am
Quoting Moty
perfect {image}
I Draw My Fibo This way
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Intraday Trading is an Art _ hoda
  • #674,845
  • Aug 11, 2022 2:47am Aug 11, 2022 2:47am
alright i am off till uk gdp tomorrow
  • #674,846
  • Aug 11, 2022 2:48am Aug 11, 2022 2:48am
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IgorFX
  • #674,847
  • Aug 11, 2022 2:48am Aug 11, 2022 2:48am
Quoting Reverso
The ranging moment was short lived and nicely broken, to the upside, no more second guessing direction now. Today's plan is crystal clear as per my system rule. Go long if: 1. Closed above daily upper key level 1.22413, SL 1.22180. 2. Rejected and bounced off daily lower key level 1.22043, SL 1.21707 which is the lower end of daily pivot, alternatively SL can be recent low after the bounce if you prefer tighter stop. 3. Didn't break the daily pivot 1.21970 - 1.21707, and bounced and closed above the pivot range, SL is lower end of pivot. Go short...
Technically scenario 1 has happened, but the close above that level is very borderline so obviously I'm not taking that trade just yet, what I mean close above is usually a more confident close but not borderline ones.

Currently price rejected exactly from the daily upper key level, not going to countertrade my system rule, if daily pivot sits below current price, I will only take Longs. Original plan remains the same, if none of the scenario happen, then no trade, it's that simple, following system rule objectively is the most stress free in trading.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 66.9%
  • #674,848
  • Aug 11, 2022 2:50am Aug 11, 2022 2:50am
Quoting navk
London is not so great today. Going to sleep now. Will be back in NY {image} {image}
What is that? Trading with two account? Different Position?
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #674,849
  • Aug 11, 2022 2:51am Aug 11, 2022 2:51am
Quoting hoda
{quote} I Draw My Fibo This way {image}
forex is easy??? please tell me some secretes if you don't mind sharing
  • #674,850
  • Aug 11, 2022 2:53am Aug 11, 2022 2:53am
...it was an 'edge of the cliff' fall off on 1min+...great 5min double reg bearish div play, and the 15min exp tri-pt.5, (15min swings marked on 5min chart below.) but, for me there was no pre-identified potential res - coming as it did in .no-man's land.' (It's now a prev 30min sw hi zone,) so I took it @ 1/2 typical volume only.

5min, then 1hr below
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Trader with an Edge.
  • #674,851
  • Aug 11, 2022 2:54am Aug 11, 2022 2:54am
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yes yes yes
  • #674,852
  • Aug 11, 2022 2:54am Aug 11, 2022 2:54am
We should rather focus on the overall strength of the pair/market and then decide based on that than imagining which way to go.
If I follow my system, the outcome doesn’t define me — the process does.
  • #674,853
  • Aug 11, 2022 3:00am Aug 11, 2022 3:00am
...for good measure.

1hr closes as a bearish engulf.

4hr below
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Trader with an Edge.
  • #674,854
  • Aug 11, 2022 3:06am Aug 11, 2022 3:06am
Bulls are trying to make a statement above 1.22
I wont be suprised to see a rally to 1.23 today

Sidelines for now...
Face 'ur fears & tame 'ur greed
  • #674,855
  • Aug 11, 2022 3:07am Aug 11, 2022 3:07am
Quoting JereMi256
Bulls are trying to make a statement above 1.22 I wont be suprised to see a rally to 1.23 today Sidelines for now...
They're not doing a very good job of it so far lol!
Trader with an Edge.
  • #674,856
  • Aug 11, 2022 3:08am Aug 11, 2022 3:08am
My plan for this and next week
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People don't plan to lose. They lose because they don't plan.
  • #674,857
  • Aug 11, 2022 3:11am Aug 11, 2022 3:11am
This is what I have made today from short scalps. Even had the luxury of withdrawing $20 for frivolities. I can now rest until after US PPI data. My broker must be livid.
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  • #674,858
  • Aug 11, 2022 3:12am Aug 11, 2022 3:12am
Quoting Headland
{quote} They're not doing a very good job of it so far lol!
True, i hate it when i have a 50 50 scalp bais. I need more action before PPI fellow retailers!
Face 'ur fears & tame 'ur greed
  • #674,859
  • Aug 11, 2022 3:17am Aug 11, 2022 3:17am
Quoting Mitiblotch
This is what I have made today from short scalps. Even had the luxury of withdrawing $20 for frivolities. I can now rest until after US PPI data. My broker must be livid. {image}
Peanuts for them.
Who is your broker?
  • #674,860
  • Aug 11, 2022 3:24am Aug 11, 2022 3:24am
Quoting Jolita
{quote} Peanuts for them. Who is your broker?
Yes, it's indeed peanuts for them. However, I just funded this account with $311 and currently now close to $2000 in less than 2 weeks. I have also withdrawn about $167.

This account I only take high probability trades and trade it with fibs. I use FXTM.
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