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Cable Update (GBPUSD)

  • #677,381
  • Aug 22, 2022 6:19am Aug 22, 2022 6:19am
Quoting Mitiblotch
{quote} Won't happen today in my books.
Waiting, waiting and waiting. Then it reverses just 0.4 pips short of my T/P just when I went to put kettle on. If I was in front of screen, I would of manually closed it.

Update closed
  • #677,382
  • Aug 22, 2022 6:23am Aug 22, 2022 6:23am
Quoting Headland
...Dly S1 circa 1769 comes thru this prev 1hr/4hr/dly/wkly sw lo zone down to 1759 = prev supp = pot supp, as does the asc t/line on wkly that joins 1410 with said 1759.
very good point. i agree with you the next level is 1.1760
good luck
  • #677,383
  • Aug 22, 2022 6:26am Aug 22, 2022 6:26am
Quoting Mitiblotch
{quote} Won't happen today in my books.
you so sure on something you dont have control on.


im waiting for break of the channel before long - no short for me
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  • #677,384
  • Aug 22, 2022 6:30am Aug 22, 2022 6:30am
Quoting Whale
{quote} you so sure on something you dont have control on. im waiting for break of the channel before long - no short for me {image}
"In my books" I never knew that meant surety. He said "waiting for 1760 to be broken soon". I think he's the one who sounds surer. Anyway, not going to hit that number today from where I am viewing it.
  • #677,385
  • Aug 22, 2022 6:37am Aug 22, 2022 6:37am
Quoting Mitiblotch
{quote} "In my books" I never knew that meant surety. He said "waiting for 1760 to be broken soon". I think he's the one who sounds surer. Anyway, not going to hit that number today from where I am viewing it.
lets go bulls!
i have juicy buy stop above today high.

my Friday longs are dead.
holding UJ sell
  • #677,386
  • Aug 22, 2022 6:42am Aug 22, 2022 6:42am
Quoting JereMi256
Long @1.1787 TP open, SL pending... SL 1.1767
Edited!
Face 'ur fears & tame 'ur greed
  • #677,387
  • Aug 22, 2022 6:44am Aug 22, 2022 6:44am
Quoting Whale
{quote} lets go bulls! i have juicy buy stop above today high. my Friday longs are dead. holding UJ sell
Yeah, if it breaks the day's high it might rise pretty quickly.
  • #677,388
  • Aug 22, 2022 6:47am Aug 22, 2022 6:47am
pulled the buy trade off for some scalping pips. It hasn't progressed.
It might want to triple-tap the low.
  • #677,389
  • Aug 22, 2022 6:47am Aug 22, 2022 6:47am
Quoting fontu
{quote} looks not ready yet for sell , watching for a top failure arounds 138.60 , above 137.45. take care breaking smaller tf may get support below 136.73 arounds 136.48/35 or 20. {image}
a proper resistance is in place
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  • #677,390
  • Aug 22, 2022 6:50am Aug 22, 2022 6:50am
Quoting EvilEye
pulled the buy trade off for some scalping pips. It hasn't progressed. It might want to triple-tap the low.
Its a real mess today. However the current resistance and support levels of this range need to be broken for a real direction. I’d fancy 11850 area as first over any further lows however as we are just about hovering above the 11780 area we could see a huge push down too.
Insane in the Brain..
  • #677,391
  • Aug 22, 2022 6:54am Aug 22, 2022 6:54am
GU
Might go for another visit to Titanic deep in the Ocean,
Why?
PMIs in focus
Consensus
UK Markit
Service PMI: 52 from 52.3 (Final PMI 52.6)
Manufacturing PMI: 51 from 51.2 (Final PMI 51.1)
Construction PMI: 48.9 from 52.6
Composite: 51.1 from 52.8 (Final 52.1)

Us S&P PMI:
Service PMI: 50 from 47 (Final PMI 47.3)
Manufacturing PMI: 52 from 52.3 (Final PMI: 52.2)
Composite PMI: 49 from 52.3 (Final: 47.7)

NY or Asian session tomorrow might start to price in the expected worsen Uk PMIs"
More time in the market, does not mean you trade better!
  • #677,392
  • Aug 22, 2022 7:01am Aug 22, 2022 7:01am
Indeed tomorrow is a day full of red news. Today is just calm before the storm.
  • #677,393
  • Aug 22, 2022 7:02am Aug 22, 2022 7:02am
Quoting Moty
{image}
Quoting ScalaFX
Im still buying, few more pendings activated Hope for m pivot 2061 or minimum 1998
Quoting Whale
{quote} lets go bulls! i have juicy buy stop above today high. my Friday longs are dead. holding UJ sell
Copy trades from you guy.

Thanks..............
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #677,394
  • Aug 22, 2022 7:02am Aug 22, 2022 7:02am
I don't think we should trade today. Markets is exhausted. It moved nearly 300pips From Thursday. It need rests before decide its next destination.
With courage, patience, and discipline, success is a matter of time.
  • #677,395
  • Aug 22, 2022 7:10am Aug 22, 2022 7:10am
My view for cable is that the trend remains down. So any long is risky.
  • #677,396
  • Aug 22, 2022 7:16am Aug 22, 2022 7:16am
Quote
My view for cable is that the trend remains down. So any long is risky
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  • #677,397
  • Aug 22, 2022 7:19am Aug 22, 2022 7:19am
Quoting Houtbay
My view for cable is that the trend remains down. So any long is risky.
Your psychology(fear) is playing you! That's what the market is aiming at; scare the bulls all out and launch with the few brave ones!
Face 'ur fears & tame 'ur greed
  • #677,398
  • Aug 22, 2022 7:20am Aug 22, 2022 7:20am
Quoting Pat Chiko
{quote} {quote} {quote} Copy trades from you guy. Thanks.............. {image}
Im copying Motys from last week
People don't plan to lose. They lose because they don't plan.
  • #677,399
  • Aug 22, 2022 7:26am Aug 22, 2022 7:26am
Quoting JereMi256
{quote} Your psychology(fear) is playing you! That's what the market is aiming at; scare the bulls all out and launch with the few brave ones!
Well, only time will tell if the " launch" is a rocket or a submarine
  • #677,400
  • Aug 22, 2022 7:28am Aug 22, 2022 7:28am
Quoting JereMi256
{quote} Your psychology(fear) is playing you! That's what the market is aiming at; scare the bulls all out and launch with the few brave ones!
And that's what will happen when many shorts enter there they will squeeze them and hit their stops as price rises. I will sell but not here. For now, still holding my long from 1794 (was supposed to be 1795 but my broker filled me at a better price). 1860 is almost a must.
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