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Cable Update (GBPUSD)

  • #675,321
  • Aug 12, 2022 5:43am Aug 12, 2022 5:43am
Quoting ScalaFX
We have today also consumer sentiment in NY session, if good ( two last data was bad) we can go under 2000, lets see
This week has been shit for the usd lol
Insane in the Brain..
  • #675,322
  • Aug 12, 2022 5:46am Aug 12, 2022 5:46am
Scalping some longs at 2118, TP 2178.
Everyone can see the chart, but only a few can actually read it.
  • #675,323
  • Aug 12, 2022 5:47am Aug 12, 2022 5:47am
Quoting JereMi256
{quote} Partials give me a relief incase the trade bounces back up. I like trialing too, but i'm not so used to it. {quote} I see some potential of reaching 1.206 today and further down next week.
The concept of scaling in (and out), is a very powerful tool, under used by many traders!!
Don't trade what you think. Just what you see!!!
  • #675,324
  • Aug 12, 2022 5:50am Aug 12, 2022 5:50am
Went short at 12168 closed shop @ + 50 pips
  • #675,325
  • Aug 12, 2022 5:52am Aug 12, 2022 5:52am
Quoting Theoak
{quote} The concept of scaling in (and out), is a very powerful tool, under used by many traders!!
Any good materials for my reading? Relating to trailing/scaling.
I hope to enhance myself during weekend when market closes, I can't find the sweet spot to retain as much profit as possible while not getting stopped out with lesser profit than Target method, it's a hard question.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 59.1%
  • #675,326
  • Aug 12, 2022 5:53am Aug 12, 2022 5:53am
come on weekly pivot
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yes yes yes
  • #675,327
  • Aug 12, 2022 5:54am Aug 12, 2022 5:54am
Quoting BeeTogether
{quote} This week has been shit for the usd lol
If only we could of known that on Monday.
  • #675,328
  • Aug 12, 2022 5:55am Aug 12, 2022 5:55am
Quoting OnlineAddict
Scalping some longs at 2118, TP 2178.
done similar although looking at daily pivot as tp
Insane in the Brain..
  • #675,329
  • Aug 12, 2022 5:55am Aug 12, 2022 5:55am
Quoting Chris_35
{quote} If only we could of known that on Monday.
Yup tell me about it
Insane in the Brain..
  • #675,330
  • Aug 12, 2022 5:59am Aug 12, 2022 5:59am
Quoting Reverso
{quote} Any good materials for my reading? Relating to trailing/scaling. I hope to enhance myself during weekend when market closes, I can't find the sweet spot to retain as much profit as possible while not getting stopped out with lesser profit than Target method, it's a hard question.
maybe to check your previous trades where sl took you out after almost reaching tp to find your own trading sweet spot
  • #675,331
  • Edited 6:10am Aug 12, 2022 5:59am | Edited 6:10am
UOM

Consensus:
Consumer sentiment: 52.5 from 51.5
Consumer expectation: 48.4 from 47.3
Inflation Expectation: 5.1% from 5.2%
Current condition: 59 from 58.1

Worst Case Scenario:
CS: 49.5
CE: 46.0

Effects:
CS: >52.5,
CE: >48.4 , USD will be Bullish, GU Bearish Trend Continued.

CS: <52.5
CE: <48.4 , USD Bearish, Change in GU current Trend.
More time in the market, does not mean you trade better!
  • #675,332
  • Aug 12, 2022 6:01am Aug 12, 2022 6:01am
Quoting Fardeen1209
UOM Consensus: Worst Case Scenario: Consumer sentiment: 52.5 from 51.5 49.5 Consumer expectation: 48.4 from 47.3 46.0 Inflation Expectation: 5.1% from 5.2% <5.1% Current condition: 59 from 58.1 <59 Effects: CS: >52.5, CE: >48.4 , USD will be Bullish, GU Bearish Trend Continued. CS: <52.5 CE: <48.4 , USD Bearish, Change in GU current Trend.
the way this week has been I’m betting on weak US data.. maybe the launch pad to 12250?
Insane in the Brain..
  • #675,333
  • Aug 12, 2022 6:02am Aug 12, 2022 6:02am
buy limit order placed at 1.21, stop below 1.206, target is 1.225+
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #675,334
  • Aug 12, 2022 6:06am Aug 12, 2022 6:06am
Last time I saw this configuration on 15M chart, Pound fell over 200 pips. Red candle then retracement, then again, then again and again. Although the news were CPI Y/Y and not GDP.

Gotta love the manipulation on JPY pairs..2 big red hourly candles on GBP/JPY simply gone. Call me crazy if we won't witness a flash crash on Yen pairs or something similar to it..
Look at these WEEKLY!! candles for Christ's sake... and then EUR/USD is the most manipulated pair..well GBP/JPY just won an award for it this year I guess. Unbelievable..
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  • #675,335
  • Aug 12, 2022 6:06am Aug 12, 2022 6:06am
GU
RSF
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The 2hr candle just close and rejection PA showed only on 3omins Timeframe but with VPA confirmation on 1hr timeframe; confirming the support.
Let 2hr momentum push through the zone, if this 30mins candle hold, that RSF level.
We LONG

Even DXY reach a strong resistance
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More time in the market, does not mean you trade better!
  • #675,336
  • Aug 12, 2022 6:09am Aug 12, 2022 6:09am
easy scalping
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close up
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yes yes yes
  • #675,337
  • Aug 12, 2022 6:10am Aug 12, 2022 6:10am
Upmove started.
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  • #675,338
  • Aug 12, 2022 6:16am Aug 12, 2022 6:16am
Big picture my green arrow is printed
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  • #675,339
  • Aug 12, 2022 6:17am Aug 12, 2022 6:17am
SL set to 12125 but will move if need be

scrap that be safe at 12060
Insane in the Brain..
  • #675,340
  • Aug 12, 2022 6:18am Aug 12, 2022 6:18am
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yes yes yes
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