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Cable Update (GBPUSD)

  • #676,141
  • Aug 17, 2022 2:26am Aug 17, 2022 2:26am
todays my EU trade - got into rooftop
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  • #676,142
  • Aug 17, 2022 2:28am Aug 17, 2022 2:28am
I have an ongoing Long from yesterday, I only have 1 active trade at a time, so I won't take new trades until my ongoing trade has an outcome, SL or TP.

Today's daily pivot is near Lower key level, which means price is supported and provides a clear bullish bias.
Level 1.20626 is the lower end of daily pivot, break and close below (M15 chart) will signal downtrend, otherwise assume the pivot won't break and bounce from here.
As of writing, the current candle bounced off pivot + lower key level, whether it will continue to drop further, no one knows.

I am already having a Long position, so no action from me until it hits SL, which also means new valid Short signal will present, and I will take it.
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  • #676,143
  • Aug 17, 2022 2:28am Aug 17, 2022 2:28am
EU
QM Long set up Scalping ~30pips
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More time in the market, does not mean you trade better!
  • #676,144
  • Aug 17, 2022 2:35am Aug 17, 2022 2:35am
Quoting JereMi256
{quote} I expected this to touch before news, holding position till battle front(CPI) , will add higher till 1.2159 SL 1.2165 TP 1.2057
Partials taken +37pips
Face 'ur fears & tame 'ur greed
  • #676,145
  • Aug 17, 2022 2:36am Aug 17, 2022 2:36am
Quoting Reverso
{quote} My ongoing long is getting tortured.
I mentioned to you yesterday in summary not to chase price. You don't buy when price claims over 100 pips in a single day. If you want to buy, wait for retracement. If it doesn't come accept it as a missed trade. And a lot of people were also buying this morning and I didn't understand it. You'll make your profits. Just keep working on your entries.

First stop for price is 2075 area where I'll bank my last two shorts and wait to reevaluate.
  • #676,146
  • Aug 17, 2022 2:37am Aug 17, 2022 2:37am
If you want free money go long usd,eur and gbp vs jpy.
Pound is falling today vs USD as well as Euro.
  • #676,147
  • Aug 17, 2022 2:39am Aug 17, 2022 2:39am
Strange one today was expecting a huge move up to 122 with that data. However the inflation rate makes, a recession more likely. FOMC is just meeting noted so no major moves expected.. range trading?
Insane in the Brain..
  • #676,148
  • Aug 17, 2022 2:42am Aug 17, 2022 2:42am
Quoting montygoldy
Opened some longs for 10-15 pips tp… lets see
Waiting for 1.21 kiss so that i can sleep in peace…

edit: closed
Extreme gut feeling trader
  • #676,149
  • Aug 17, 2022 2:42am Aug 17, 2022 2:42am
Quoting TheWolf
If you want free money go long usd,eur and gbp vs jpy. Pound is falling today vs USD as well as Euro.
yes im also expecting the same situation
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  • #676,150
  • Aug 17, 2022 2:43am Aug 17, 2022 2:43am
GU looks very weak. I guess it will be range bound till US data.
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  • #676,151
  • Aug 17, 2022 2:44am Aug 17, 2022 2:44am
it's coming
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yes yes yes
  • #676,152
  • Aug 17, 2022 2:51am Aug 17, 2022 2:51am
Down trend officially continues on GBP/USD. There is no need to wait for anything, go short and you won't regret it. TP at least 1.19, if not 1.18. Wednesday and tommorow Pound is falling vs USD, Friday will be a retracement day as it always is that's it. I am short with the highest lot possible and will remain until I get at least 150, 200 pips.
If I could a would risk a house shorting Pound today vs USD.
  • #676,153
  • Aug 17, 2022 2:54am Aug 17, 2022 2:54am
switched to long eu
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yes yes yes
  • #676,154
  • Aug 17, 2022 2:56am Aug 17, 2022 2:56am
Quoting Reverso
{quote} My ongoing long is getting tortured.
I got hammered yesterday on one trade and I've seen the set-up hundreds of times and due to my ego ignored it and put my stops up.

And the set-up break out the channel, re-test the channel , power up.

I was that stupid, that I could have got out with a smaller loss when it re-tested the channel.

Just watched it. Why did I just not change to a bull and join the bull ride. Ego. The only thing I was proud of was not adding to my loser.
All I can say is stick to your convictions, but with my style I have to get rid of this ego

Anyway, I think it might be turning bullish again, so good luck. If needed I will get the blood out the fridge for stroganoff

Long in at 1.2097
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Don't trade what you think. Just what you see!!!
  • #676,155
  • Aug 17, 2022 2:56am Aug 17, 2022 2:56am
Quoting Moty
switched to long eu {image}
4H candle has to give retracement. You will lose going long now 100%.
  • #676,156
  • Aug 17, 2022 2:58am Aug 17, 2022 2:58am
Quoting TheWolf
Down trend officially continues on GBP/USD. There is no need to wait for anything, go short and you won't regret it. TP at least 1.19, if not 1.18. Wednesday and tommorow Pound is falling vs USD, Friday will be a retracement day as it always is that's it. I am short with the highest lot possible and will remain until I get at least 150, 200 pips. If I could a would risk a house shorting Pound today vs USD.

perhaps you saw tomorrow
Keep the Lights on then you can catch the rise from the dark.
  • #676,157
  • Aug 17, 2022 2:59am Aug 17, 2022 2:59am
There was already a massive rejection off the top side with involved a stop hunt of yesterday's high.
London is done already. Going to plop down.
  • #676,158
  • Aug 17, 2022 3:00am Aug 17, 2022 3:00am
Quoting Theoak
{quote} I got hammered yesterday on one trade and I've seen the set-up hundreds of times and due to my ego ignored it and put my stops up. And the set-up break out the channel, re-test the channel , power up. I was that stupid, that I could have got out with a smaller loss when it re-tested the channel. Just watched it. Why did I just not change to a bull and join the bull ride. Ego. The only thing I was proud of was not adding to my loser. All I can say is stick to your convictions, but with my style I have to get rid of this ego Anyway, I think...
Been there, done that, got the t-shirt.
  • #676,159
  • Aug 17, 2022 3:01am Aug 17, 2022 3:01am
Bulls are still feeding, added short @2091
Face 'ur fears & tame 'ur greed
  • #676,160
  • Aug 17, 2022 3:02am Aug 17, 2022 3:02am
Quoting ricmaj
{quote} perhaps you saw tomorrow
It will definitely fall tommorow also as it has to retrace on Friday. They always the same shit over and over again. Friday just go long without even looking at graph and you'll be right 95% of the times.
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