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Cable Update (GBPUSD)

  • #676,121
  • Aug 16, 2022 11:51pm Aug 16, 2022 11:51pm
Short target 1.2095
Don't trade what you think. Just what you see!!!
  • #676,122
  • Aug 16, 2022 11:51pm Aug 16, 2022 11:51pm
Quoting Moty
{quote} the mf turned 5 pips before my tp {image} {image}
The exact same happened to me but I closed at 1.413
  • #676,123
  • Aug 16, 2022 11:53pm Aug 16, 2022 11:53pm
Quoting voeltoez
{quote} metatrader app or brokers app? seems good
Broker App, Ctrader
People don't plan to lose. They lose because they don't plan.
  • #676,124
  • Aug 16, 2022 11:54pm Aug 16, 2022 11:54pm
Quoting Theoak
Short target 1.2095
If I where you , I won’t be doing that
  • #676,125
  • Aug 16, 2022 11:54pm Aug 16, 2022 11:54pm
Gbpcad has a ocean of blue below in my opinion
  • #676,126
  • Aug 16, 2022 11:55pm Aug 16, 2022 11:55pm
Quoting Moty
{quote} the mf turned 5 pips before my tp {image} {image}
long !!!!!!!!!!!!!!!!!!!!!!
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yes yes yes
  • #676,127
  • Aug 16, 2022 11:59pm Aug 16, 2022 11:59pm
care bears as usdx may change its immediate term direction next .
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #676,128
  • Aug 17, 2022 12:03am Aug 17, 2022 12:03am
liquidity taken by 1 Hour engulfing bar, careful to buyers it's possible price drop below 1.2000, risk for sellers is high of day

--- Today's Indonesia Independence Day --- SeeYa, Merdeka
https://breakpullback.com
  • #676,129
  • Aug 17, 2022 12:04am Aug 17, 2022 12:04am
Hi guys, I took the time to look at the chart now. I plan to sell at the price of 1.2120-1.2140 for the target of 1.2050-1.200.
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There is nothing wrong with being kind & loving to each other
  • #676,130
  • Aug 17, 2022 12:06am Aug 17, 2022 12:06am
Inserted Video
  • #676,131
  • Aug 17, 2022 12:10am Aug 17, 2022 12:10am
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yes yes yes
  • #676,132
  • Aug 17, 2022 12:15am Aug 17, 2022 12:15am
Quoting eyefeelsix
liquidity taken by 1 Hour engulfing bar, careful to buyers it's possible price drop below 1.2000, risk for sellers is high of day --- Today's Indonesia Independence Day --- SeeYa, Merdeka
Possible target 1.2053
Merdeka!!!
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  • #676,133
  • Aug 17, 2022 12:16am Aug 17, 2022 12:16am
Quoting Mitiblotch
{quote} I think it has already been traded. You are trading agent very smart people and computers. 2150 might be a top. I had a pending (a very small one) at 2130 and have closed now in profit at 2115. This might go on to sink and break 2080. The movers interprete data as they please. High inflation, bad for the economy. Sink. Today NZD increased rates and price flew. US and UK increased rates and price dumped very hard. I hate fundamentals. I just stick to my beloved charts and session flows. It beats everything else. Now waiting for "real" London...
GU Psychology is no longer about inflation rate but the big theme driving the GBP rn is the Fear of UK recession.

Every time UK Cpi up or BOE interest rate UP, the recession becomes more obvious, which explains why GU is falling after the report and will fall on the next BOE rate decision(50bps forecast) and might be even bearish for a 25bps hike.

The rise when the data was just release reflect the future BOE rate hike, but along side, different scenarios for Recession starts to price-in.
More time in the market, does not mean you trade better!
  • #676,134
  • Aug 17, 2022 12:18am Aug 17, 2022 12:18am
Quoting Theoak
Short target 1.2095
Well hit the target but disgusting price action
Don't trade what you think. Just what you see!!!
  • #676,135
  • Aug 17, 2022 12:18am Aug 17, 2022 12:18am
Quoting Moty
{image}
1.22 is a very good target because it has an imbalance, but if the price wants to target 1.22, I think it will reach 1.2050 first. Of course, this is my analysis. And today 4-5 pips is enough for me. My target program was completed yesterday. Wherever the market goes, I will take my profit from it. Good Luck mate
There is nothing wrong with being kind & loving to each other
  • #676,136
  • Aug 17, 2022 12:19am Aug 17, 2022 12:19am
Quoting Theoak
{quote} Well hit the target but disgusting price action
My ongoing long is getting tortured.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 58.4%
  • #676,137
  • Aug 17, 2022 12:22am Aug 17, 2022 12:22am
Quoting Reverso
{quote} My ongoing long is getting tortured.
Very likely that price will come back, but not until we find a floor somewhere down here. Not exactly sure where it is, but the US session should provide a clue.
1.2050 looks doable at least.
  • #676,138
  • Aug 17, 2022 12:23am Aug 17, 2022 12:23am
Opened some longs for 10-15 pips tp… lets see
Extreme gut feeling trader
  • #676,139
  • Aug 17, 2022 12:23am Aug 17, 2022 12:23am
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yes yes yes
  • #676,140
  • Aug 17, 2022 12:25am Aug 17, 2022 12:25am
closing all averaging positions..
withdrawal the profit then let it go..until fomc
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