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Cable Update (GBPUSD)

  • #675,941
  • Aug 16, 2022 7:45am Aug 16, 2022 7:45am
Quoting Moty
{image}
it is too big and vertical.

I mean the direction to target.

Intraday only.
  • #675,942
  • Aug 16, 2022 7:51am Aug 16, 2022 7:51am
It might break 1.20 soon, but a rally higher is possible if the CPI report is hot.

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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #675,943
  • Aug 16, 2022 7:54am Aug 16, 2022 7:54am
Quoting Georginson
{quote} Today has some signs there may be another 200 pips movement which may crash price to 1.2000/1.1986 as it did last week Friday. I will wait on the sideline to pull buying trigger at from 1.2020 - 1.1990.
This move was delayed till Tuesday (today)... Big boys are messing up with the ranges making it as random as possible... Swing traders can hardly survive the movements since beginning of year 2021 till date.

This week action zones for me:

Possible laddering buys from 1.1965 - 1.1900 for average target of 1.2030

Possible laddering sells from 1.2225 - 1.2275 for average target of 1.2150.
Data + Stat + Risk/Emotions Management
  • #675,944
  • Aug 16, 2022 7:55am Aug 16, 2022 7:55am
completed
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  • #675,945
  • Aug 16, 2022 7:57am Aug 16, 2022 7:57am
Quoting Katanashino
Potential Double Top on USD. Buy GBP 1.2022 1st TP 1.2050 2nd TP 1.2100 {image}
1st target reached, SL to Be and let it run to 1.2100
  • #675,946
  • Aug 16, 2022 7:57am Aug 16, 2022 7:57am
I am done..
My daily goal has been met..
good luck everyone..
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  • #675,947
  • Aug 16, 2022 7:58am Aug 16, 2022 7:58am
target weekly pivot
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  • #675,948
  • Aug 16, 2022 8:05am Aug 16, 2022 8:05am
Quoting eyefeelsix
low risk for buy, risk -10p low of day
sl+ to target 1.2100
https://breakpullback.com
  • #675,949
  • Aug 16, 2022 8:08am Aug 16, 2022 8:08am
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  • #675,950
  • Aug 16, 2022 8:09am Aug 16, 2022 8:09am
Quoting Reverso
{quote} Ongoing Short trade doing well, into 50% of TP, nothing but red candles. If TP hit, that's it for today, let's see how it goes. {image}
It went to about 80% TP then reverse all the way hit SL.
Plan for the 2nd trade to day:

1. Short if closed below 1.20408, this will be qualified as "bounced off daily upper key level" with a bearish engulfing structure confirmation, SL recent high.
2. Short if bounced off daily pivot level 1.20991 - 1.20686, SL upper end of pivot 1.20991.
3. Long if closed above Daily upper pivot 1.20991, SL lower end of pivot 1.20686.

Otherwise no trade.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 58.1%
  • #675,951
  • Aug 16, 2022 8:11am Aug 16, 2022 8:11am
Quoting Georginson
{quote} This move was delayed till Tuesday (today)... Big boys are messing up with the ranges making it as random as possible... Swing traders can hardly survive the movements since beginning of year 2021 till date. This week action zones for me: Possible laddering buys from 1.1965 - 1.1900 for average target of 1.2030 Possible laddering sells from 1.2225 - 1.2275 for average target of 1.2150.
Big big talk no action , rest IJN
  • #675,952
  • Aug 16, 2022 8:11am Aug 16, 2022 8:11am
Quoting Theoak
Short in at 1.2034 target not looked yet but that candle at the top of the channel golden Quick target them lows {image}

Stops at 1.2066. If this get taken out then that's all my hard work today down the drain! And I think it is going to take it out. So fingers crossed!
Don't trade what you think. Just what you see!!!
  • #675,953
  • Aug 16, 2022 8:12am Aug 16, 2022 8:12am
Buy charts soon to flood this forum lol
Keep the Lights on then you can catch the rise from the dark.
  • #675,954
  • Aug 16, 2022 8:13am Aug 16, 2022 8:13am
Quoting Mitiblotch
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.
Out at 2055. +20 pips!
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  • #675,955
  • Aug 16, 2022 8:13am Aug 16, 2022 8:13am
cable says, i have been falling all week, its time to take revenge
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  • #675,956
  • Aug 16, 2022 8:18am Aug 16, 2022 8:18am
Quoting navk
{quote} it is too big and vertical. I mean the direction to target.
my friend , it's only 40-50 pips
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yes yes yes
  • #675,957
  • Aug 16, 2022 8:20am Aug 16, 2022 8:20am
Quoting PatienceFx
cable says, i have been falling all week, its time to take revenge {image}
my small experience in this world tell me trading in revenge always goes wrong. Anyway good luck
  • #675,958
  • Aug 16, 2022 8:24am Aug 16, 2022 8:24am
Quoting Mitiblotch
{quote} Out at 2055. +20 pips! {image}
Your reading of the market is remarkable... Such consistency deserves acknowledgement. Good job and keep it up.
Data + Stat + Risk/Emotions Management
  • #675,959
  • Aug 16, 2022 8:24am Aug 16, 2022 8:24am
1.2048 support H1 + usindex falling = long gbp,eur

2nd pic with R (yellow line)
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Trendlines H1,H4, SMC
  • #675,960
  • Aug 16, 2022 8:25am Aug 16, 2022 8:25am
Quoting ricmaj
Buy charts soon to flood this forum lol
Well usually it comes back tests the channel then goes up. If that happens . I'm knackered. Amd that is what is happening!!!! Doh!!
Don't trade what you think. Just what you see!!!
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