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Cable Update (GBPUSD)

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  • Post #675,821
  • Quote
  • Aug 16, 2022 3:34am Aug 16, 2022 3:34am
  •  RaHaG0D
  • Joined Nov 2021 | Status: I'm colorful and happy | 564 Posts
Quoting GODofMC
Disliked
{quote} If it really in hurry, then something like bull waiting under
Ignored
I pray to rain of GOLD from the sky for you and me
 
 
  • Post #675,822
  • Quote
  • Aug 16, 2022 3:35am Aug 16, 2022 3:35am
  •  Moty
  • Joined Dec 2017 | Status: Member | 21,602 Posts | Online Now
1.20000 is imamate
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  • Post #675,823
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  • Aug 16, 2022 3:37am Aug 16, 2022 3:37am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 5,935 Posts | Online Now
Quoting Moty
Disliked
1.20000 is imamate {image}
Ignored
totally agree.. and once broken a lower low too. Looking for an entry now
 
2
  • Post #675,824
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  • Aug 16, 2022 3:37am Aug 16, 2022 3:37am
  •  Theoak
  • Joined Apr 2019 | Status: Member | 5,492 Posts
Quoting Theoak
Disliked
{quote} Still have a little runner on this one there is a target just below 1.2000, but I'm going for the round number!!
Ignored
Still in this one, but watching how price act off the resistance at 1.2035 if it pushes down, going to add to short then put stops just above... Then bulls prove me wrong!|
Don't trade what you think. Just what you see!!!
 
2
  • Post #675,825
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  • Aug 16, 2022 3:38am Aug 16, 2022 3:38am
  •  PatienceFx
  • Joined Jun 2013 | Status: enjoying life | 14,983 Posts | Online Now
Quoting GODofMC
Disliked
{quote} If it really in hurry, then something like bull waiting under And look like a clear rejection.
Ignored
https://mumbaimirror.indiatimes.com/...w/74801791.cms
Indicators on my chart help me guess the trade they do not guarantee result
 
 
  • Post #675,826
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  • Aug 16, 2022 3:39am Aug 16, 2022 3:39am
  •  Nna
  • | Joined Aug 2022 | Status: Junior Member | 8 Posts
I believe this psychological level of 1.20000 would reverse the market to the upside.
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  • Post #675,827
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  • Aug 16, 2022 3:40am Aug 16, 2022 3:40am
  •  PatienceFx
  • Joined Jun 2013 | Status: enjoying life | 14,983 Posts | Online Now
used the retrace to place a fresh short for 1985
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Indicators on my chart help me guess the trade they do not guarantee result
 
 
  • Post #675,828
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  • Aug 16, 2022 3:44am Aug 16, 2022 3:44am
  •  navk
  • Joined Oct 2010 | Status: Trader | 15,493 Posts
This is usual when London opens.

Wait for London 4hr to open.
Intraday only.
 
2
  • Post #675,829
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  • Aug 16, 2022 3:44am Aug 16, 2022 3:44am
  •  GODofMC
  • Joined Feb 2020 | Status: Member | 487 Posts
Quoting PatienceFx
Disliked
{quote} https://mumbaimirror.indiatimes.com/...w/74801791.cms
Ignored
Mustaqim Alfarabi, Road To +2900
MC Master Pips Today: na
 
 
  • Post #675,830
  • Quote
  • Aug 16, 2022 3:46am Aug 16, 2022 3:46am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,258 Posts
Quoting Mitiblotch
Disliked
I mentioned the 2020 target since Monday or so and now it has hit! How are you bulls doing? I have joined you with a long at 2020 just for fun. I don't see much here but I love the rhyme or synchronicity that 2020 has. I am not committed to you bulls and will jump out at the slightest hint of turbulence. So, 20-50 pips is enough for me to TP. @Theoak, good trade there!
Ignored
Out at 2031. +11. Not messing with this bear. I will scalp all day. I want to short too but my fibs say not here so will wait.
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https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
3
  • Post #675,831
  • Quote
  • Aug 16, 2022 3:46am Aug 16, 2022 3:46am
  •  epzero
  • Joined Oct 2019 | Status: Member | 1,003 Posts
Buyers have the advantage here , a SL at 1.2000
 
2
  • Post #675,832
  • Quote
  • Aug 16, 2022 3:47am Aug 16, 2022 3:47am
  •  Theoak
  • Joined Apr 2019 | Status: Member | 5,492 Posts
Quoting Theoak
Disliked
{quote} Still in this one, but watching how price act off the resistance at 1.2035 if it pushes down, going to add to short then put stops just above... Then bulls prove me wrong!|
Ignored
OUT ... Too many bulls..
Don't trade what you think. Just what you see!!!
 
1
  • Post #675,833
  • Quote
  • Aug 16, 2022 3:48am Aug 16, 2022 3:48am
  •  EvilEye
  • | Joined Apr 2016 | Status: Member | 1,381 Posts
I see where I screwed up.
I'm not going to bull this even though it looks like it wants to.

I know what happened - basically same mistake I made last time but I didn't think it could happen further down in this trend.
 
2
  • Post #675,834
  • Quote
  • Aug 16, 2022 3:49am Aug 16, 2022 3:49am
  •  parsfx
  • Joined Oct 2007 | Status: price action trader | 367 Posts
End of measured move?
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Persian Gulf forever
 
2
  • Post #675,835
  • Quote
  • Aug 16, 2022 3:53am Aug 16, 2022 3:53am
  •  fontu
  • Joined Mar 2008 | Status: Name real with real own way | 18,523 Posts
sudden failure correction attempt crashed with some news like effects may not proof any good for bear . may encourage better correctio to bull action , ok may further down again. watching and waiting
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Not understand?never follow my analyses!
 
1
  • Post #675,836
  • Quote
  • Aug 16, 2022 3:55am Aug 16, 2022 3:55am
  •  epzero
  • Joined Oct 2019 | Status: Member | 1,003 Posts
I don’t see how sellers can come back to defend their sell
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2
  • Post #675,837
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  • Aug 16, 2022 3:55am Aug 16, 2022 3:55am
  •  Reverso
  • Joined Apr 2022 | Status: Member | 516 Posts
Quoting Reverso
Disliked
London opened, today's plan as follows (M15 timeframe): Clear bearish bias, price below daily pivot of 1.20686 - 1.20991, potential entries as follows: 1. Short - if closed below daily lower key level 1.20013, SL 1.20447. 2. Short - if rejected off daily upper key level 1.20570, SL recent high, or alternatively use upper end of daily pivot as SL if you want a wider SL. 3. Short - if rejected off daily pivot area of 1.20686 - 1.20991, SL will be upper end of daily pivot 1.20991. 4. Long - if closed above daily pivot upper level of 1.20991, SL will...
Ignored
Looking at the price action, and considering price was near Long term pivot, it seems downtrend will end today and restart the uptrend, downside is limited because of how near the long term pivot is, supporting the price upwards.

Wouldn't be surprised to see price close beyond daily pivot today, which I will enter Long by then.
Otherwise, any rejection off key levels I will still short it, following my rule book.
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GBPUSD only, M15 timeframe only. Fixed SL (-2.50%) & TP (+3.75%), R/R: 1.5x
 
1
  • Post #675,838
  • Quote
  • Aug 16, 2022 3:59am Aug 16, 2022 3:59am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 5,935 Posts | Online Now
Adjusting my tp and SL to daily pivot area. If we see a rejection then I’m shorting this to 120 else will let the long go on
 
1
  • Post #675,839
  • Quote
  • Aug 16, 2022 3:59am Aug 16, 2022 3:59am
  •  Moty
  • Joined Dec 2017 | Status: Member | 21,602 Posts | Online Now
easy money
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  • Post #675,840
  • Quote
  • Aug 16, 2022 3:59am Aug 16, 2022 3:59am
  •  epzero
  • Joined Oct 2019 | Status: Member | 1,003 Posts
Daily is now a buy , lovely ride all the way up
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