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Cable Update (GBPUSD)

  • #676,821
  • Aug 19, 2022 2:07am Aug 19, 2022 2:07am
Todays game "sell the rally"
average dude treading water
  • #676,822
  • Aug 19, 2022 2:07am Aug 19, 2022 2:07am
Quoting Moty
come on bulls need the rsi to go above 50 {image}


GU

Copy Moty's trade
Attached Image (click to enlarge)
Click to Enlarge Name: gu 339.jpg Size: 67 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #676,823
  • Aug 19, 2022 2:14am Aug 19, 2022 2:14am
Quoting Reverso
Price broken long term pivot then did a V shaped recovery back into the pivot range, I risked a Long on this. Entry 1.19179, SL 1.18924, TP 1.19562 {image}
Exited prematurely for a tiny loss, I am glad price rebounded near my entry now to minimize my loss.
I exited on the basis that London is opening soon, price is well below daily pivot, so the bias is clearly Short if price unable to stay at a higher price.
Also, price is quite close to the lower end of long term pivot, and the daily lower key level is just nearby as well, I will enter Short after clearing this 2 hurdles.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 58.1%
  • #676,824
  • Aug 19, 2022 2:16am Aug 19, 2022 2:16am
...Just to be clear, London forex desks open 0630am or earlier, and equities/some other markets open 0800am, - London times. (London/Uk is currently gmt+1 = bst.)
Trader with an Edge.
  • #676,825
  • Aug 19, 2022 2:18am Aug 19, 2022 2:18am
atm the price below 1.2000 it's major large quarter points ( 1000p interval on forex market )

--- every north is a pullback, it's not too late boy! sell only below 1.2000 that's it
https://breakpullback.com
  • #676,826
  • Aug 19, 2022 2:20am Aug 19, 2022 2:20am
Quoting eyefeelsix
atm the price below 1.2000 it's major large quarter points ( 1000p interval on forex market ) --- every north is a pullback, it's not too late boy! sell only below 1.2000 that's it
Give us 1978 or 1980 to sell.
  • #676,827
  • Aug 19, 2022 2:22am Aug 19, 2022 2:22am
Quoting Mitiblotch
{quote} The "real London" (referring to the banks) should be online at 8.00am so price is doing nothing now. Daily pivot is at 1978 and those Asians (all they do is buy high and sell low) didn't retrace even one pip. They just sold the lows. So maybe somehow we will get a spike to 1978 at least. If London dumps then NY might correct upwards for good measure. In any case, today is Friday, a usual sell day so we ought to he wary.

Until 19265 breaks and closes above, only then can we have a little bullish retracement

Kind regards,

RD
  • #676,828
  • Aug 19, 2022 2:23am Aug 19, 2022 2:23am
A close below lower key level 1.18884 (M15 timeframe) i will enter short, close below this level also means broken long term pivot, daily pivot is also located up providing resistance, overall is a high confidence trade.

A rejection from upper key level 1.19321 or from daily pivot lower end 1.19514 also qualifies as valid Shorts, but need to be wary of bouncing back once it reaches end of long term pivot. Safest Short still is the close below 1.18884 one.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 58.1%
  • #676,829
  • Aug 19, 2022 2:25am Aug 19, 2022 2:25am
Longs are being trapped currently in a bottoming out process before price moves higher
  • #676,830
  • Aug 19, 2022 2:32am Aug 19, 2022 2:32am
I Like EURCHF long as a swing trade into the 0.9800
  • #676,831
  • Aug 19, 2022 2:34am Aug 19, 2022 2:34am
... chart below shows the prev sw 1hr/4hr/dly lo zone (pot supp) and prev 1hr sw lo then hi zone (pot res) in which price is confined right now.

1hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #676,832
  • Aug 19, 2022 2:36am Aug 19, 2022 2:36am
Attached Image (click to enlarge)
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  • #676,833
  • Aug 19, 2022 2:36am Aug 19, 2022 2:36am
Quoting Pat Chiko
{quote} GU Copy Moty's trade {image}
Setting up with some whipsaw.
Add a little Whipsaw engulfing, to shake out retails.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 340.jpg Size: 86 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #676,834
  • Aug 19, 2022 2:39am Aug 19, 2022 2:39am
I'm long again from 1915. I will not rest easy until we at least take out that high set by Asia at 1936. It must go. I might bank just above there.
  • #676,835
  • Aug 19, 2022 2:47am Aug 19, 2022 2:47am
Quoting Mitiblotch
I'm long again from 1915. I will not rest easy until we at least take out that high set by Asia at 1936. It must go. I might bank just above there.
Mi Lord, what is your SL? your TP is quite tight, i guess your SL is even tighter?
Might want to copy you once to end my losing streak, im doing so bad lately.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 58.1%
  • #676,836
  • Aug 19, 2022 2:49am Aug 19, 2022 2:49am
i like gbpusd long atm through 1.1960 targeting 1.23 for a swing trade.
  • #676,837
  • Aug 19, 2022 2:50am Aug 19, 2022 2:50am
Good Morning all,
DXY is on a major daily resistance area. Failure to break 107.430 will lead to some downward movement to get more buy side liquidity. On the other hand GU will be moving up to get sellside liquidity upto 1.1987. I will be placing my buys on break of 1.1942
  • #676,838
  • Aug 19, 2022 3:03am Aug 19, 2022 3:03am
Quoting Mitiblotch
I'm long again from 1915. I will not rest easy until we at least take out that high set by Asia at 1936. It must go. I might bank just above there.

Okay, at least i told you beforehand the prices that need to be taken out for buys...

There's a large pool of liquidity at 18902, I'm thinking that may get wiped. This is just my opinion nothing else

Kind regards,

RD
  • #676,839
  • Aug 19, 2022 3:03am Aug 19, 2022 3:03am
We could possibly get to the lower 1.18 hundreds today
  • #676,840
  • Aug 19, 2022 3:04am Aug 19, 2022 3:04am
My view
if we stay below R = short
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
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