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Cable Update (GBPUSD)

  • #676,281
  • Aug 17, 2022 8:50am Aug 17, 2022 8:50am
Price finally gave a more reasonable close below the Daily pivot, entered Short a moment ago.

Entry 1.20590, SL 1.20826, TP 1.20239.
The final high impact news (red news) this week for GBP or USD is the FOMC later, which might quickly push my trade to either SL or TP, let's see.
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  • #676,282
  • Aug 17, 2022 8:50am Aug 17, 2022 8:50am
Quoting fxsport
{quote} {image}2050
Extreme gut feeling trader
  • #676,283
  • Aug 17, 2022 8:50am Aug 17, 2022 8:50am
Quoting Theoak
{quote} Could be worse, you could be in a losing trade. That 15 min candle is were the battle is with the Bulls and Bears. When it comes out of there - clear winner and I plan to take full advantage and will be pulling the trigger! Coreg2004 cheers for the chart. The kick up the ar8e I needed!!!!!
Theoak, I can always be wrong, even though the market cooperates with my view for the last 5-7 trading days perfectly. All streaks come to the end and some point. Watch it, man.
Always trade your own plan...I don't provide trading signals.
  • #676,284
  • Aug 17, 2022 8:54am Aug 17, 2022 8:54am
Quoting JereMi256
I expect bullish momentum in the next hour. I get bored easily. 215 is a miracle today at this pace.
Closed all positions.
Waiting for bulls...
Face 'ur fears & tame 'ur greed
  • #676,285
  • Aug 17, 2022 8:54am Aug 17, 2022 8:54am
tp for long 1.20970 minimum
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yes yes yes
  • #676,286
  • Aug 17, 2022 8:57am Aug 17, 2022 8:57am
I'm going to pull up stumps here and cash out.
Time for sleep.

But given that red news is some time away, price has stuck itself here and isn't budging.... It it hangs up here and goes sideways for a while, a tap back under 1.2047 during news is going to bring out the bulls.
If that happens, then goodluck and godspeed.
  • #676,287
  • Aug 17, 2022 8:57am Aug 17, 2022 8:57am
UK data was green but markets falls. Well, if you want to sell large amount of stocks that you bough at low price, you will spread positive news so many people will come to buy your stocks at high price without causing any unnatural movement in the market. Well play, Bank Traders and Institutional Traders
With courage, patience, and discipline, success is a matter of time.
  • #676,288
  • Aug 17, 2022 8:58am Aug 17, 2022 8:58am
Quoting hoda
GU:H1 My View: Bear's are not finished yet. I am waiting for long because last leg was not complete. {image}
For me will be ideal for rest positions activate
People don't plan to lose. They lose because they don't plan.
  • #676,289
  • Aug 17, 2022 8:58am Aug 17, 2022 8:58am
Quoting Coreg2004
{quote} Theoak, I can always be wrong, even though the market cooperates with my view for the last 5-7 trading days perfectly. All streaks come to the end and some point. Watch it, man.
"Make hay while the sun shines"!
Don't trade what you think. Just what you see!!!
  • #676,290
  • Aug 17, 2022 9:06am Aug 17, 2022 9:06am
Quoting JereMi256
{quote} The Wolf hinted a great opinion on that topic here, yesterday! [If you ddnt read through, please do] I am soon coming to a conclusion that it does but after a series of rotation and complexity. All simply to divert our attention from our plan. I respect those that give patience for their plans to mature and yield results. I have seen three reputable traders here so far; Mr. BURGER, Scalafx, Pat Chiko & WaveG. Well done to y'all. My dream is to make a good student out...
That was the perfect long entry.

Atleast for the rest of the day as in my post.
Intraday only.
  • #676,291
  • Edited 9:20am Aug 17, 2022 9:09am | Edited 9:20am
Quoting Theoak
{quote} Could be worse, you could be in a losing trade. That 15 min candle is where the battle is with the Bulls and Bears. When it comes out of there - clear winner and I plan to take full advantage and will be pulling the trigger! Coreg2004 cheers for the chart. The kick up the ar8e I needed!!!!!
Long in at 1.2089 first target 1.2103

Stopped out.. This will prob go down now, but not with me... out for the day
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Don't trade what you think. Just what you see!!!
  • #676,292
  • Aug 17, 2022 9:09am Aug 17, 2022 9:09am
Quoting navk
Probably 2050 is going to support for going forward. May be for rest of the week ? Fingers crossed. Took long with stop 2050
Intraday only.
  • #676,293
  • Aug 17, 2022 9:09am Aug 17, 2022 9:09am
Quoting ScalaFX
{quote} Closed all shorts now, for longs SL hit but reentered now 2055 will add till 2020
Closed all 2090 now waiting for next gone short
People don't plan to lose. They lose because they don't plan.
  • #676,294
  • Aug 17, 2022 9:13am Aug 17, 2022 9:13am
Look at the chart how 2050 beautifully held for long.

It took 5, fifteen minutes candles.

One must hold their nerve with stop in place.
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Intraday only.
  • #676,295
  • Aug 17, 2022 9:14am Aug 17, 2022 9:14am
Quoting JereMi256
{quote} Closed all positions. Waiting for bulls...
Another rise without me
Today is just a bad day for me i guess.
My profit is near my daily target. Let me call it a day, i cant risk savage mode at this time!!!

Trade safe/ appreciate the little you got,
+256.
Face 'ur fears & tame 'ur greed
  • #676,296
  • Aug 17, 2022 9:16am Aug 17, 2022 9:16am
Quoting Moty
tp for long 1.20970 minimum {image}
I'll see your 1.2097 and raise you up to 1.2110!

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"Hey let's fake them out and run up to 1.2150...ready?"
...because you never know - until you do!
  • #676,297
  • Aug 17, 2022 9:22am Aug 17, 2022 9:22am
Quoting JereMi256
{quote} Another rise without me Today is just a bad day for me i guess. My profit is near my daily target. Let me call it a day, i cant risk savage mode at this time!!! Trade safe/ appreciate the little you got, +256.
you have been messed with your own psychology, be a consistent person you will succeed later boy
https://breakpullback.com
  • #676,298
  • Aug 17, 2022 9:24am Aug 17, 2022 9:24am
Quoting Reverso
Price finally gave a more reasonable close below the Daily pivot, entered Short a moment ago. Entry 1.20590, SL 1.20826, TP 1.20239. The final high impact news (red news) this week for GBP or USD is the FOMC later, which might quickly push my trade to either SL or TP, let's see. {image}
SL hit in just 2 candles, price spiked up a lot, by the time candle closes, the price reversed and within pivot range again, disqualifying my Long entry.
It's messy, price just doesn't want to do anything, 3 SL in a row at this point.

Judging from price action, looks like it will close above pivot later, giving the Long entry, but this time my SL will be recent low, since there are quite a few spike wicks to the downside, I don't want my stops to be too tight, plus FOMC later might be volatile.

On another note, since I've been hitting SLs recently, I need to stop following my trend system and trade bounces/ranges.
Which means Short might not be viable anymore, bounce up is more likely.
Hopefully TP for my next trade, making this day actually -1 then +1, ending the day net positive.
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  • #676,299
  • Aug 17, 2022 9:26am Aug 17, 2022 9:26am
Quoting ScalaFX
{quote} Closed all 2090 now waiting for next gone short
Closed all2070 , nice PA for scalping, now waiting for Fomc, ichy fingers
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People don't plan to lose. They lose because they don't plan.
  • #676,300
  • Aug 17, 2022 9:30am Aug 17, 2022 9:30am
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yes yes yes
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