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Cable Update (GBPUSD)

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  • Post #675,841
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  • Aug 16, 2022 4:04am Aug 16, 2022 4:04am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 5,876 Posts
Quoting Moty
Disliked
easy money {image}
Ignored
I’d be careful as it could go the other way
 
 
  • Post #675,842
  • Quote
  • Aug 16, 2022 4:04am Aug 16, 2022 4:04am
  •  voeltoez
  • Joined Jul 2011 | Status: $100 per day | 523 Posts
SL wiped out..lol..
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~ Keep Calm and Trade Carefully ~
GBP/USD
 
2
  • Post #675,843
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  • Aug 16, 2022 4:05am Aug 16, 2022 4:05am
  •  MIKKI
  • | Joined Feb 2009 | Status: Member | 189 Posts
Could this be the cause of sudden spike in gu
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3
  • Post #675,844
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  • Aug 16, 2022 4:06am Aug 16, 2022 4:06am
  •  ScalaFX
  • Joined May 2021 | Status: T and CT Trader | 2,613 Posts
Quoting ScalaFX
Disliked
{quote} Like expected, market wants cheap price, added 2015 few pendings more under
Ignored
Perfect! Closed shitty first ones last, taken 50% from all lasted and protected lest see where we can ride with this till NY
People don't plan to lose. They lose because they don't plan.
 
2
  • Post #675,845
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  • Aug 16, 2022 4:07am Aug 16, 2022 4:07am
  •  Moty
  • Joined Dec 2017 | Status: Member | 21,558 Posts
Quoting BeeTogether
Disliked
{quote} I’d be careful as it could go the other way
Ignored
yes you are right
took long aussie
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1
  • Post #675,846
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  • Aug 16, 2022 4:07am Aug 16, 2022 4:07am
  •  buffedmage
  • Joined Aug 2022 | Status: Still not a pro in Trading | 1,190 Posts
im back on greeen on eurgbp
Mostly Scalps and rarely few swings
 
 
  • Post #675,847
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  • Aug 16, 2022 4:12am Aug 16, 2022 4:12am
  •  voeltoez
  • Joined Jul 2011 | Status: $100 per day | 523 Posts
Took long..higher lot..target 1.2150
m30 clear to fly..
sl 1.2000
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~ Keep Calm and Trade Carefully ~
GBP/USD
 
2
  • Post #675,848
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  • Aug 16, 2022 4:13am Aug 16, 2022 4:13am
  •  Fardeen1209
  • Joined Jul 2021 | Status: Rookie | 1,216 Posts
Quoting MIKKI
Disliked
Could this be the cause of sudden spike in gu {image}
Ignored
Watch DXY, you will see why the spike happened.
Trade at good levels or no trade at all!
 
1
  • Post #675,849
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  • Aug 16, 2022 4:14am Aug 16, 2022 4:14am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 5,876 Posts
Quoting voeltoez
Disliked
Took long..higher lot..target 1.2150 m30 clear to fly.. sl 1.2000 {image}
Ignored
Uk data was kind of mixed but generally poor. Therefore I can’t see a huge rise over 121 just yet. I could be wrong though but I think after a bit of correction we could see the trapdoor open to 11960
 
3
  • Post #675,850
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  • Aug 16, 2022 4:18am Aug 16, 2022 4:18am
  •  Theoak
  • Joined Apr 2019 | Status: Member | 5,492 Posts
Bears are starting to make a fight of it .. Want 1.2045 to break and hold and will short there is support at 1.2935, so hopefully will blast through

Short in at 1.2044 sl 1.2060 .. bit early pushing it as I wanted 1.2045 to break and hold!
Don't trade what you think. Just what you see!!!
 
1
  • Post #675,851
  • Quote
  • Aug 16, 2022 4:18am Aug 16, 2022 4:18am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,256 Posts
Looking at the 30mins we can risk a buy at 2040 (right shoulder) for price to hit 2085 area and that'll be +45. See if it works,
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
1
  • Post #675,852
  • Quote
  • Aug 16, 2022 4:19am Aug 16, 2022 4:19am
  •  epzero
  • Joined Oct 2019 | Status: Member | 1,003 Posts
Cable isn’t for the weak, buyers praying for it to buy while sellers praying it comes down
 
3
  • Post #675,853
  • Quote
  • Aug 16, 2022 4:20am Aug 16, 2022 4:20am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,256 Posts
Pending long at 2035 (right shoulder). TP at least 2085. That'll be plus +50. If it happens I'll be done for the day.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
3
  • Post #675,854
  • Quote
  • Aug 16, 2022 4:22am Aug 16, 2022 4:22am
  •  ScalaFX
  • Joined May 2021 | Status: T and CT Trader | 2,613 Posts
Quoting ScalaFX
Disliked
{quote} Perfect! Closed shitty first ones last, taken 50% from all lasted and protected lest see where we can ride with this till NY
Ignored
Risky risky adding to my longs more
People don't plan to lose. They lose because they don't plan.
 
2
  • Post #675,855
  • Quote
  • Aug 16, 2022 4:25am Aug 16, 2022 4:25am
  •  josip
  • Joined Dec 2015 | Status: Member | 1,166 Posts
UPDATE

be ready to go up, but no way up, if we are below R
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  • Post #675,856
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  • Aug 16, 2022 4:37am Aug 16, 2022 4:37am
  •  GODofMC
  • Joined Feb 2020 | Status: Member | 443 Posts
Same power, who will exausted first
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Mustaqim Alfarabi
MC Master Pips Today: na
 
3
  • Post #675,857
  • Quote
  • Aug 16, 2022 4:37am Aug 16, 2022 4:37am
  •  navk
  • Joined Oct 2010 | Status: Trader | 15,490 Posts
2020 to 2120.

This is what I am aiming.
Intraday only.
 
4
  • Post #675,858
  • Quote
  • Aug 16, 2022 4:40am Aug 16, 2022 4:40am
  •  Moty
  • Joined Dec 2017 | Status: Member | 21,558 Posts
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2
  • Post #675,859
  • Quote
  • Edited 5:11am Aug 16, 2022 4:43am | Edited 5:11am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,256 Posts
Quoting Mitiblotch
Disliked
Pending long at 2035 (right shoulder). TP at least 2085. That'll be plus +50. If it happens I'll be done for the day.
Ignored
Active. Now let's pray! Our Father. Who art in heaven. Hallowed be thy Name. Thy kingdom come. Thy will be done on earth as it is in heaven... give us this day our daily bread (our daily forex profits)...
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
1
  • Post #675,860
  • Quote
  • Aug 16, 2022 4:44am Aug 16, 2022 4:44am
  •  Reverso
  • Joined Apr 2022 | Status: Member | 512 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
Scenario no.2 actually materialized, bounced cleanly off Daily upper key level of 1.20570.
Now I am just waiting for a bearish price structure as confirmation before entering Short, maybe if I get a close at around 1.20350 then I will pull the trigger for Short.
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GBPUSD only, M15 timeframe only. Fixed SL (-2.50%) & TP (+3.75%), R/R: 1.5x
 
 
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