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Cable Update (GBPUSD)

  • #675,421
  • Aug 12, 2022 9:40am Aug 12, 2022 9:40am
Closed eurgbp long and have gone short
  • #675,422
  • Edited 5:02pm Aug 12, 2022 9:41am | Edited 5:02pm
Quoting Theoak
{quote} Every country on the planet is in recession. Modern economics of quantitative easing. When you have loads of money circulating and not much products... Inflation goes through the roof...
Theoak, 44 years later, governments worldwide are still unfamiliar with this video, or maybe they are?
Inserted Video
Always trade your own plan...I don't provide trading signals.
  • #675,423
  • Aug 12, 2022 9:41am Aug 12, 2022 9:41am
TP1 and TP2 hit and the price went for more.
GBPUSD (h1) Chart
Risk Management is of utmost importance!
  • #675,424
  • Aug 12, 2022 9:42am Aug 12, 2022 9:42am
I don't have a crystal ball, but I think it's possible that cable may go up to the 1.9050 area. However, it's also possible that it will continue to be bearish when the market opens on Monday. Only time will tell!
  • #675,425
  • Aug 12, 2022 9:46am Aug 12, 2022 9:46am
Stoploss @1.2150..target open till next week..nothing to lose...
just itchy fingers
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  • #675,426
  • Aug 12, 2022 9:49am Aug 12, 2022 9:49am
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yes yes yes
  • #675,427
  • Aug 12, 2022 9:49am Aug 12, 2022 9:49am
Quoting Chris_35
May be against some peoples expectations, but this will make me happy {image}

Well!! Maybe this then and oh by the way the gun is to shoot bdown them bears

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  • #675,428
  • Aug 12, 2022 9:54am Aug 12, 2022 9:54am
Quoting voeltoez
Stoploss @1.2150..target open till next week..nothing to lose... just itchy fingers {image}
Open TP?
Insane in the Brain..
  • #675,429
  • Aug 12, 2022 9:55am Aug 12, 2022 9:55am
Quoting ScalaFX
{quote} Closed at zero Im done for this week, target met, happy weekend folks
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Intraday Trading is an Art _ hoda
  • #675,430
  • Aug 12, 2022 9:58am Aug 12, 2022 9:58am
Quoting mohsin73
I don't have a crystal ball, but I think it's possible that cable may go up to the 1.9050 area. However, it's also possible that it will continue to be bearish when the market opens on Monday. Only time will tell!
... Newbies * sigh
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: 8.4%
  • #675,431
  • Aug 12, 2022 10:02am Aug 12, 2022 10:02am
Quoting Chris_35
{quote} Well!! Maybe this then and oh by the way the gun is to shoot bdown them bears {image}
... If the rocketship fails you!

Plus, you get to hop off and parachute down to safety with this old contraption if bears overwhelm
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: 8.4%
  • #675,432
  • Edited 10:28am Aug 12, 2022 10:04am | Edited 10:28am
Bulls your day will come, but not now I guess.
A close above 1.21381 can be potential Long, downward pressure seems to keep getting challenged.
Eventually bears will fold.

EDIT: Friday session only have few hours left, this trade will not be valid on Monday, there will be new levels to watch for.
As I looked at the chart a moment ago, for day traders (like myself) I suggest to just stay away, price structure is a mess.
But for scalpers or swing traders, you do whatever you want, as long as you are happy.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #675,433
  • Aug 12, 2022 10:06am Aug 12, 2022 10:06am
Quoting donfriday
small long with 100pips from 1.2150 tp 1.2325 the drop will come soon after taking some Liquidity 1.2275 hit twice i expect some trap toward 1.23 before the real Drop P.S just my view

bearish butterfly????
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MY OPINION NOT FINANCIAL ADVISE
  • #675,434
  • Aug 12, 2022 10:06am Aug 12, 2022 10:06am
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yes yes yes
  • #675,435
  • Aug 12, 2022 10:09am Aug 12, 2022 10:09am
As far weekly holds above 12065 I am happy.

Have a lovely weekend friends!
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  • #675,436
  • Aug 12, 2022 10:13am Aug 12, 2022 10:13am
Quoting Coreg2004
{quote} Theoak, 44 years later, governments worldwide are still unfamiliar with this video or maybe they are? https://www.youtube.com/watch?v=F94jGTWNWsA
Get it printed
Don't trade what you think. Just what you see!!!
  • #675,437
  • Edited 10:27am Aug 12, 2022 10:16am | Edited 10:27am
Quoting JereMi256
{quote} SL missed by 2pips, nice try Bears! Added @1.2113 SL changed to 1.2097 TP for all 1.2171
Late update: I closed all positions 2 minutes before the US news, all in profit except one that hit BE during news.
My weekly target met, so no trades till monday.

The image behind is the last page down, showing last trades before news
Happy weekend to you all!
+256
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Face 'ur fears & tame 'ur greed
  • #675,438
  • Aug 12, 2022 10:16am Aug 12, 2022 10:16am
I remember mentioning a few days ago that valid buy would be 78.6% of that rise at 2109. Well, price has come there. I didn't buy anyway. I am still savouring my profits for the week and month. Monday we jump in again to harvest the profits.

Looking at the daily chart I am not so confident for bulls. I will reassess on Monday.
  • #675,439
  • Aug 12, 2022 10:18am Aug 12, 2022 10:18am
Quoting Reverso
Bulls your day will come, but not now I guess. A close above 1.21381 can be potential Long, downward pressure seems to keep getting challenged. Eventually bears will fold. {image} {image}
Now.. Now someone might complain of protrude of graphic violence against bears
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Don't trade what you think. Just what you see!!!
  • #675,440
  • Aug 12, 2022 10:23am Aug 12, 2022 10:23am
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yes yes yes
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