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Cable Update (GBPUSD)

  • #677,081
  • Aug 19, 2022 9:12am Aug 19, 2022 9:12am
Quoting Theoak
I really can't see any other direction than down.
Yes! Becouse trend is down
People don't plan to lose. They lose because they don't plan.
  • #677,082
  • Aug 19, 2022 9:13am Aug 19, 2022 9:13am
monthly chart shows that the March 2020 pandemic low can be tested again

nothing is constructive in the U.K. economy to support GBP/USD in the near-term
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #677,083
  • Aug 19, 2022 9:15am Aug 19, 2022 9:15am
another scalp
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  • #677,084
  • Aug 19, 2022 9:19am Aug 19, 2022 9:19am
Closing my trades for net loss here at 1818. EU has just moved a little over 50 pips today. If it really goes for ADR then this pair might take a dump. Bad day today. Recover next week.
  • #677,085
  • Aug 19, 2022 9:21am Aug 19, 2022 9:21am
Quoting Mitiblotch
{quote} Coreg, please no more falls. Please draw your chart and make sure it takes us up. I respect your charts so much.
Miti, thanks, I wish I could have a crystal ball...I use 120%dailyATR(14) level as a max move for the day, usually holds.
Always trade your own plan...I don't provide trading signals.
  • #677,086
  • Aug 19, 2022 9:28am Aug 19, 2022 9:28am
Lazy Bull
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Intraday Trading is an Art _ hoda
  • #677,087
  • Aug 19, 2022 9:29am Aug 19, 2022 9:29am
Probably the price may test 1800.

Monday, next level before bounce.

Not to touch this pair until Monday
Intraday only.
  • #677,088
  • Aug 19, 2022 9:33am Aug 19, 2022 9:33am
Quoting Mitiblotch
Closing my trades for net loss here at 1818. EU has just moved a little over 50 pips today. If it really goes for ADR then this pair might take a dump. Bad day today. Recover next week.
Eu not spacing enough does not necessarily mean pound will take further dump if EU starts crashing, what if EU is waiting for GU to rise for it to also attain it's average daily range?

Price may still go up to 1.1900 - 1.1945 before today ends.. though lowest price of 1.1787 cannot be ruled out.
Data + Stat + Risk/Emotions Management
  • #677,089
  • Aug 19, 2022 9:34am Aug 19, 2022 9:34am
GU

Scalp Long for the Road..........

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #677,090
  • Aug 19, 2022 9:35am Aug 19, 2022 9:35am
Quoting BeeTogether
{quote} We need a bigger retrace. Looking for over 119 preferably 100-150 pips up however it won’t happen till next week at the earliest. Lack of any data today could be just a follow the trend day. also nothing from NYO
are you long?
There is nothing wrong with being kind & loving to each other
  • #677,091
  • Aug 19, 2022 9:36am Aug 19, 2022 9:36am
Quoting hoda
Lazy Bull {image}
I'll take you!!!
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Don't trade what you think. Just what you see!!!
  • #677,092
  • Aug 19, 2022 9:36am Aug 19, 2022 9:36am
Quoting hoda
Lazy Bull {image}
Probably need some steriods as pick me up, or probably SOROS has sedated the bulls with chroloform
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #677,093
  • Aug 19, 2022 9:37am Aug 19, 2022 9:37am
Quoting navk
Probably the price may test 1800. Monday, next level before bounce. Not to touch this pair until Monday
i wish I did the same lol… there’s no fuel
in the tank for the hammer or rockets today. In fact the hammer although looking a bit worn is still knocking down the pair better than any increase from the rockets
Insane in the Brain..
  • #677,094
  • Aug 19, 2022 9:39am Aug 19, 2022 9:39am
The price will touch 1900-1920, but I don't know for today, maybe next week. Of course, I might be wrong
There is nothing wrong with being kind & loving to each other
  • #677,095
  • Aug 19, 2022 9:41am Aug 19, 2022 9:41am
Quoting Theoak
{quote} I'll take you!!! {image}
20 more pips please and I'm going down the pub to join the rest of the bears. Bulls you will have to stay in and drink water. Anyone watching the cricket?
Don't trade what you think. Just what you see!!!
  • #677,096
  • Aug 19, 2022 9:42am Aug 19, 2022 9:42am
Today I have Bull Fried Rice for dinner
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With courage, patience, and discipline, success is a matter of time.
  • #677,097
  • Aug 19, 2022 9:43am Aug 19, 2022 9:43am
Quoting Georginson
{quote} Eu not spacing enough does not necessarily mean pound will take further dump if EU starts crashing, what if EU is waiting for GU to rise for it to also attain it's average daily range? Price may still go up to 1.1900 - 1.1945 before today ends.. though lowest price of 1.1787 cannot be ruled out.
You have a great point. However, yesterday the same scenario played out. EU kept stalling and when it kicked in this one took a tumble. I just scalped a long here now at 1813, but I am waiting for a dip below 1800 for a little addition. Monday is when I look to make profit.

I usually don't make the mistake I made today. Asia sold and the direction was set by that. But the desire to sell higher got me. Been a while I made a net loss in a day.
  • #677,098
  • Aug 19, 2022 9:45am Aug 19, 2022 9:45am
Quoting BeeTogether
{quote} i wish I did the same lol… there’s no fuel in the tank for the hammer or rockets today. In fact the hammer although looking a bit worn is still knocking down the pair better than any increase from the rockets
I would suggest you not to follow aggresive traders in this thread..

Some of their entries may be even fake.

On a dead friday close, I would not be touching to trade either long or short.

There will be opportunities. Next week, next month, next day.

Not to worry.

No need to venture on a Friday evening.

You can always miss a trading opportunity ( technically ) on a friday evening. Nothing wrong.
Intraday only.
  • #677,099
  • Aug 19, 2022 9:50am Aug 19, 2022 9:50am
Quoting hoda
Lazy Bull {image}
Hey you wanted bulls and this is what you got!

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...because you never know - until you do!
  • #677,100
  • Aug 19, 2022 9:51am Aug 19, 2022 9:51am
Quoting Coreg2004
{quote} Chris_35, how did you calculate this level? I have for today 1.1787 but of course, the price can go lower. {image}
I have 1.1768 as my support line drawn from March 2020 but I am also on S3 at 1.1714 as S3 is actually 1.1712
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