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Cable Update (GBPUSD)

  • #676,361
  • Aug 17, 2022 12:58pm Aug 17, 2022 12:58pm
Quoting ScalaFX
{quote} This can be quite easy to read https://www.investopedia.com/terms/f...on-trading.asp
Thanx bro
More time in the market, does not mean you trade better!
  • #676,362
  • Aug 17, 2022 12:58pm Aug 17, 2022 12:58pm
Quoting Theoak
{quote} Don't do it again REVERSO!
My IQ is limited, I dont understand what is the takeaway lol
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  • #676,363
  • Aug 17, 2022 12:59pm Aug 17, 2022 12:59pm
Quoting Pat Chiko
{quote} Hi Bro Maybe she want to go for another round of liquidity sweep @ FOMC ?. in few... {image}
GU

Watching RN to trigger...

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #676,364
  • Aug 17, 2022 12:59pm Aug 17, 2022 12:59pm
nail baiting moment
Blank and Empty
  • #676,365
  • Aug 17, 2022 1:05pm Aug 17, 2022 1:05pm
Quoting Fardeen1209
{quote} As i mentioned earlier today, the big theme for GBP has changed, it is no longer about Inflation rate or Rate hike, Recession is now in focus{image}
Recession in the UK is the old news now and recession was confirmed by tge bank governer to last end of this year and the year after.
The problem pound is facing now is politicians taking over BOE power.
If the politicians take power from the Bank of England the pound could collapse and it may be a long time before it recovers.
  • #676,366
  • Aug 17, 2022 1:05pm Aug 17, 2022 1:05pm
Quoting ScalaFX
{quote} All longs closed already before Fomc and placing shorts now till 2080
Active
People don't plan to lose. They lose because they don't plan.
  • #676,367
  • Aug 17, 2022 1:06pm Aug 17, 2022 1:06pm
It will break , I'm sure
Attached Image(s) (click to enlarge)
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yes yes yes
  • #676,368
  • Aug 17, 2022 1:08pm Aug 17, 2022 1:08pm
Quoting ScalaFX
{quote} Active
Confident it will drop?
Looking at the M15 open candle now, looks very similar to the GBP CPI earlier today, big pump then fizzled out, having big upside wick.
90% SL reached at the peak of the wick, not sure if the bullishness will continue in the following candles, if yes then it will be my 4th SL in a row =')
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  • #676,369
  • Aug 17, 2022 1:09pm Aug 17, 2022 1:09pm
Quoting Moty
It will break , I'm sure {image} {image}
Greedisgood
10000% Wannabe . -$3000 & -$4000
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  • #676,370
  • Aug 17, 2022 1:10pm Aug 17, 2022 1:10pm
Quoting Pat Chiko
{quote} GU Watching RN to trigger... {image}
GU

Closed long.
Scalp Short on spike

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #676,371
  • Aug 17, 2022 1:11pm Aug 17, 2022 1:11pm
Quoting Jolita
{quote} Recession in the UK is the old news now and recession was confirmed by tge bank governer to last end of this year and the year after. The problem pound is facing now is politicians taking over BOE power. If the politicians take power from the Bank of England the pound could collapse and it may be a long time before it recovers.
You always bring the right current market theme Sisi
More time in the market, does not mean you trade better!
  • #676,372
  • Aug 17, 2022 1:14pm Aug 17, 2022 1:14pm
Quoting Reverso
{quote} Confident it will drop? Looking at the M15 open candle now, looks very similar to the GBP CPI earlier today, big pump then fizzled out, having big upside wick. 90% SL reached at the peak of the wick, not sure if the bullishness will continue in the following candles, if yes then it will be my 4th SL in a row =')
Nothing is confident but I trade what I planed and see, waiting for market reaction but I want my 100 pips
People don't plan to lose. They lose because they don't plan.
  • #676,373
  • Aug 17, 2022 1:21pm Aug 17, 2022 1:21pm
my entry is right.

I may close anytime and goto sleep.
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Intraday only.
  • #676,374
  • Aug 17, 2022 1:23pm Aug 17, 2022 1:23pm
Quoting navk
my entry is right. I may close anytime and goto sleep. {image}
People don't plan to lose. They lose because they don't plan.
  • #676,375
  • Aug 17, 2022 1:23pm Aug 17, 2022 1:23pm
Cable short at 1.20650
  • #676,376
  • Aug 17, 2022 1:24pm Aug 17, 2022 1:24pm
Idk how, but sometimes, fundamentals coincide with the technicals.
But on the report release, the probability of either TP or SL is reduced to 50:50
UJ RSf
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Reason #1 to why never take sides between FA or TA, but use a blend!
More time in the market, does not mean you trade better!
  • #676,377
  • Aug 17, 2022 1:24pm Aug 17, 2022 1:24pm
congratulations u with full margin win, and feel sorry for ur lose ((((((((((((((((((((((((((((((((((((
IgorFX
  • #676,378
  • Aug 17, 2022 1:25pm Aug 17, 2022 1:25pm
fomc dumping eur?
Blank and Empty
  • #676,379
  • Aug 17, 2022 1:26pm Aug 17, 2022 1:26pm
Quoting ScalaFX
{quote} Nothing is confident but I trade what I planed and see, waiting for market reaction but I want my 100 pips
that's the real of confidence, win or loss that's not important
https://breakpullback.com
  • #676,380
  • Aug 17, 2022 1:26pm Aug 17, 2022 1:26pm
Quoting Reverso
The drop beyond the pivot looks convincing, I took Short, 2nd trade for the day. Entry 1.20471, SL 1.20826, TP 1.19938. I would monitor and keep an Alarm if price reversed and reached 1.20626, I might want to exit prematurely and switch to Long, a close at around that 1.20626 will mean V shaped recovery to the upside and bounced off support. EDIT: the chart could also be interpreted as, the green candle with long up wick that caused my 1st SL today, didn't managed to close above Pivot, subsequent candles are all red until 1 of the red candle gave...
The alarm materialized, after FOMC, structure turned bullish, and the support area 1.20466 - 1.20156 is once again supported the price, this support area was resistance from 18 July to 22 July, then as support since 27 July until now, 3 notable retest of the support are on 5 Aug, 16 Aug, and 17 Aug, breaking and close convincingly below seems unlikely.

I prematurely exited my Short, although no much difference if it hit SL, it was quite near.
Entered Long at 1.20789, SL 1.20265, TP 1.21575. Range trading from now onwards until resistance broken and confirm resume of uptrend from here.
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