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Cable Update (GBPUSD)

  • #677,441
  • Aug 22, 2022 9:02am Aug 22, 2022 9:02am
Entered Short, entry 1.17788, SL 1.18175, TP 1.17208.
I hear a distant voice whispering to my ear, the voice said "dump it".
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  • #677,442
  • Edited 9:13am Aug 22, 2022 9:02am | Edited 9:13am
...just checking in - see what I missed. A prev 30min sw lo then hi now - last 30min sw hi...ie acted as sbr and price moves down to challenge 1hr and 4hr parts of the prev 1hr/4hr/dly/wkly sw lo zone that extends down to 1759 - current yrly lo. Dly S1 is circa 1769 and right now price is around that wkly asc t/line that joins 1410 with 1759, that is in that pot supp zone.

EDIT: Last 1hr close engulfed the last 6 on that t/f.

1hr below
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Trader with an Edge.
  • #677,443
  • Aug 22, 2022 9:12am Aug 22, 2022 9:12am
Quoting Reverso
Entered Short, entry 1.17788, SL 1.18175, TP 1.17208. I hear a distant voice whispering to my ear, the voice said "dump it". {image}
Who was that voice? Was it.... I wonder. Superman!
Don't trade what you think. Just what you see!!!
  • #677,444
  • Aug 22, 2022 9:14am Aug 22, 2022 9:14am
Quoting PatienceFx
{quote} uk consumer confidence lowest since 1974 and many other reasons to believe 1410 is possible this week
You just started selling till this numbers? When you start let me know
People don't plan to lose. They lose because they don't plan.
  • #677,445
  • Aug 22, 2022 9:14am Aug 22, 2022 9:14am
Quoting Theoak
{quote} Who was that voice? Was it.... I wonder. Superman!
I cant name it, rumours said the voice came from the blockchain itself, an omnipotent being that got rid of its mortal body and transferred its consciousness into blockchain, it sounds so familiar, who is this voice?
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #677,446
  • Aug 22, 2022 9:15am Aug 22, 2022 9:15am
Euraud short at 1.45
  • #677,447
  • Aug 22, 2022 9:15am Aug 22, 2022 9:15am
Quoting ForexGoose
I'm going to order a beef sandwich for lunch today https://www.youtube.com/watch?v=Q_n2ZQS2cUI {image}

Ha, me nearly arrived to the foreat will make as much noise I can to scare the bears away. Last chance to hide away!
  • #677,448
  • Aug 22, 2022 9:16am Aug 22, 2022 9:16am
Quoting Jolita
{quote} You never know Also is too obvious, if you look at monthly chart, when left shoulder previously touched price bounced of 11800 for +600 pips. MM always have a plan, we will find out later, at the moment they lowering the price on every news release, also geopolitical events making dollar safe heaven. If bearish trade continues then 11400 not far, but why not 11000 and below to make lower lows? UK data is bad, can happen. But.... If Sunak wins he will lift GBP up, while Truss will sink the pound. Market doesn't always play by the...
People don't plan to lose. They lose because they don't plan.
  • #677,449
  • Aug 22, 2022 9:17am Aug 22, 2022 9:17am
Three trading days now Pivot missed and I should short it, no sir. I'll wait. Something is off here!
  • #677,450
  • Aug 22, 2022 9:18am Aug 22, 2022 9:18am
Quoting ScalaFX
{quote} You just started selling till this numbers? When you start let me know
  • #677,451
  • Aug 22, 2022 9:20am Aug 22, 2022 9:20am
Quoting Reverso
Entered Short, entry 1.17788, SL 1.18175, TP 1.17208. I hear a distant voice whispering to my ear, the voice said "dump it". {image}
You sold the b/o of the then current dly lo but straight into potential support? 1759 still looks vulnerable although I'm not keen selling a lo, - rather sell a hi. Most 1st b/o's are false. G/L with it....will depend on how much residual demand down to 1759 now initially?
Trader with an Edge.
  • #677,452
  • Aug 22, 2022 9:24am Aug 22, 2022 9:24am
Quoting Headland
{quote} you sold the b/o of the then current dly lo but straight into potential support? 1759 still looks vulnerable although I'm not keen selling a lo, - rather sell a hi. Most 1st b/o's are false. G/L with it....will depend on how m,much residual demand down to 1759 now initially?
Oh the support from many many days ago (1.17590 - 1.17600)? It was the lowest low since many days, might bounce from there, is that what you meant?
Who knows? You can either ladder your buys until that support if you expect things to turn around, or alternatively you can join me in the blockchain and chant "dump it" =')
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #677,453
  • Aug 22, 2022 9:29am Aug 22, 2022 9:29am
Quoting PatienceFx
{quote} sold with target 1674 {image}
booked
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  • #677,454
  • Aug 22, 2022 9:29am Aug 22, 2022 9:29am
Quoting Headland
{quote} You sold the b/o of the then current dly lo but straight into potential support? 1759 still looks vulnerable although I'm not keen selling a lo, - rather sell a hi. Most 1st b/o's are false. G/L with it....will depend on how much residual demand down to 1759 now initially?
Same thought.
Third touch is the golden touch.
  • #677,455
  • Aug 22, 2022 9:31am Aug 22, 2022 9:31am
Quoting Reverso
{quote} Oh the support from many many days ago (1.17590 - 1.17600)? It was the lowest low since many days, might bounce from there, is that what you meant? Who knows? You can either ladder your buys until that support if you expect things to turn around, or alternatively you can join me in the blockchain and chant "dump it" =')
The very one! - the small matter of a prev swing lo zone down to current yrly lo....Oh and the ascending t/line...chart below shows it....Dly S1 just below current dly lo, - circa 1769, in that pot supp zone also.

wkly below
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Trader with an Edge.
  • #677,456
  • Aug 22, 2022 9:34am Aug 22, 2022 9:34am
The price now going up in line with 30 min chart.

From 1774.

Selling may be tomorrow or later on.

Right now no short to me.
Intraday only.
  • #677,457
  • Aug 22, 2022 9:35am Aug 22, 2022 9:35am
Quoting Reverso
{quote} I cant name it, rumours said the voice came from the blockchain itself, an omnipotent being that got rid of its mortal body and transferred its consciousness into blockchain, it sounds so familiar, who is this voice?
But there is one man here on Earth who will never kneel before you.

You do not have the power to break my moving average... Bend the knee price!
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Don't trade what you think. Just what you see!!!
  • #677,458
  • Aug 22, 2022 9:35am Aug 22, 2022 9:35am
Quoting Jolita
{quote} Same thought. Third touch is the golden touch.
Your comment led me to search for "golden touch", i was unaware of what it means.
It led me to "story of the golden touch", long story short it means "don't get greedy".

It is not greed that is driving me, I am merely following my system rules, no emotion involved.
If hit SL, then so be it.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #677,459
  • Aug 22, 2022 9:37am Aug 22, 2022 9:37am
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  • #677,460
  • Aug 22, 2022 9:38am Aug 22, 2022 9:38am
Quoting navk
The price now going up in line with 30 min chart. From 1774. Selling may be tomorrow or later on. Right now no short to me.
If tomorrow is also a short then today was useless. I am not comfortable with such trends that don't give proper entry. Why should I sell 1800 after two days of sustained downward move?

GBP red sticker data tomorrow will be the excuse to move price sharply tomorrow, either up or down.
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