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Cable Update (GBPUSD)

  • #676,761
  • Aug 18, 2022 7:28pm Aug 18, 2022 7:28pm
Quoting navk
There is likely pullback above 1921 for decent 60 pips.
well, so easily broke.
Intraday only.
  • #676,762
  • Aug 18, 2022 7:38pm Aug 18, 2022 7:38pm
Quoting voeltoez
Cmon ..1950 only {image}
No possible retrace
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #676,763
  • Aug 18, 2022 7:42pm Aug 18, 2022 7:42pm
So I screwed the pooch again thinking that price had to get above 2141.
There's a reason why it didn't have to go back there, and I think it had everything to do with two factors.
1) The move up to 2141 already cleared stops up there.
2) The stop hunt downwards from yesterday cleared out all trapped volume - so no more support.
So the only thing the market could really do was keep rolling down.

A reversal has got to happen at this level down here. Already seeing signs of it.
  • #676,764
  • Aug 18, 2022 7:50pm Aug 18, 2022 7:50pm
now, having broken yesterday low, there is chance s1 to hit and then retrace.

No buy before that.

Just watch.

No sell either.
Intraday only.
  • #676,765
  • Aug 18, 2022 8:15pm Aug 18, 2022 8:15pm
Quoting navk
now, having broken yesterday low, there is chance s1 to hit and then retrace. No buy before that. Just watch. No sell either.
I see possible 1.1878 area then bounce to 1.1960 - 1.2000 today.
Data + Stat + Risk/Emotions Management
  • #676,766
  • Aug 18, 2022 8:15pm Aug 18, 2022 8:15pm
Better to short UJ from current high.

For Asia.
Intraday only.
  • #676,767
  • Aug 18, 2022 8:16pm Aug 18, 2022 8:16pm
Quoting Georginson
{quote} I see possible 1.1878 area then bounce to 1.1960 - 1.2000 today.
I do not know the price level.

But NY will be retrace.
Intraday only.
  • #676,768
  • Aug 18, 2022 8:18pm Aug 18, 2022 8:18pm
Quoting navk
{quote} I do not know the price level. But NY will be retrace.
What price is S1?
Data + Stat + Risk/Emotions Management
  • #676,769
  • Aug 18, 2022 8:18pm Aug 18, 2022 8:18pm
Quoting Georginson
{quote} What price is S1?
1877
Intraday only.
  • #676,770
  • Aug 18, 2022 8:20pm Aug 18, 2022 8:20pm
Last line for defense for GU at 1.18985 (lower end of long term pivot), losing it then long term downtrend will be solidified.
Today's daily pivot marked with yellow highlight, located just above the long term pivot, if after London Open the daily pivot placement did not signify clear bearish bias by having price well below it, then it means the pivot is neutral, and I can trade the bounce from long term pivot if it happens, 1.19624 is the level I want it to bounce and close above it in M15.

Otherwise, by London open if price already broken the last line of defense, there will be a clear bearish bias, and also a broken long term pivot, super bearish and high confidence short. We'll see how the structure looks like when London opens.
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  • #676,771
  • Aug 18, 2022 8:22pm Aug 18, 2022 8:22pm
Quoting Georginson
{quote} What price is S1?
After break, the price usually goes to next level but may try to to test daily open again.

I am trading uj short.

Better than GU Long
Intraday only.
  • #676,772
  • Aug 18, 2022 8:34pm Aug 18, 2022 8:34pm
Quoting navk
{quote} After break, the price usually goes to next level but may try to to test daily open again. I am trading uj short. Better than GU Long
What is your tp for UJ? I have my entry just below 136
  • #676,773
  • Edited 9:04pm Aug 18, 2022 8:46pm | Edited 9:04pm
Quoting Ehsank78
{quote} What is your tp for UJ? I have my entry just below 136
purely scalp. 20 to 30 pips, because it is counter trend trade

my stop 136.36
Intraday only.
  • #676,774
  • Aug 18, 2022 9:26pm Aug 18, 2022 9:26pm
Quoting Georginson
{quote} I see possible 1.1878 area then bounce to 1.1960 - 1.2000 today.
forexlive, Greg says swing low is 1890 area.
Intraday only.
  • #676,775
  • Aug 18, 2022 9:42pm Aug 18, 2022 9:42pm
Quoting navk
{quote} forexlive, Greg says swing low is 1890 area.
Quite same, but no trade is better i think
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #676,776
  • Aug 18, 2022 9:49pm Aug 18, 2022 9:49pm
I like gbpchf and gbpusd long.....
  • #676,777
  • Aug 18, 2022 10:23pm Aug 18, 2022 10:23pm
Quoting ScalaFX
{quote} Adding positions 1930 pendings 1920 1910 1900 will be targeting 2000or 2020
Most of pendings active, price should take 1980 or 2000 before continuation trend or we are in place where trend can be changed, today both sides must be super carefull
People don't plan to lose. They lose because they don't plan.
  • #676,778
  • Aug 18, 2022 11:16pm Aug 18, 2022 11:16pm
Quoting ScalaFX
{quote} Most of pendings active, price should take 1980 or 2000 before continuation trend or we are in place where trend can be changed, today both sides must be super carefull
1870 is a long for me, do you think it will keep falling?
  • #676,779
  • Aug 18, 2022 11:21pm Aug 18, 2022 11:21pm
Quoting Whale
{quote} 1870 is a long for me, do you think it will keep falling?
I think no, now traping sellers, Im already building buy sets for this pair, but targeting only scalp for maybe 2020, trend is still strongly down at higher TFs so later yes, you see what I see, LH LL only so every retracement is for sell
People don't plan to lose. They lose because they don't plan.
  • #676,780
  • Aug 18, 2022 11:22pm Aug 18, 2022 11:22pm
Next pendings 1890 1880 1870
People don't plan to lose. They lose because they don't plan.
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