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Cable Update (GBPUSD)

  • #677,561
  • Aug 22, 2022 3:00pm Aug 22, 2022 3:00pm
Quoting Matej.FX
{quote} With the max lot size, heck.. 5 pips a day is enough for everything..
It sure is
  • #677,562
  • Aug 22, 2022 3:38pm Aug 22, 2022 3:38pm
gonna play with these pivots
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be a thinker before being a reacter
  • #677,563
  • Aug 22, 2022 4:58pm Aug 22, 2022 4:58pm
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this is the new strategy for wensday , when i will van deposite again
the 100,80,60.40 EMA mf system
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examples of trade that i could take today
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yes yes yes
  • #677,564
  • Aug 22, 2022 5:12pm Aug 22, 2022 5:12pm
Quoting keyman.
be with the market and: 1) Create your team and be a leader with money (if you want) so that no one distracts you but helps, because this is the main reason for the failures of traders, real useless garbage is thrown into their heads, but only one thing is really worthwhile. 2) Be lonely trader with money. (if you want) I would consider that these, for example, gurus-traders from YouTube, teachers are no worse than the market
Am no 2, and i like it that way co's no distraction
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #677,565
  • Aug 22, 2022 5:31pm Aug 22, 2022 5:31pm
...just checking/updating charts before turning in! Last but one trading session for me tomorrow, before Sherpa Judith Chalmers and I are dusting off our passports and on our travels again, this time till mid-September. She's a good sport - like's a shot or two of the poison monkey! Very good for her age - she must be ninety-twelve if she's a day?
------------------------------------------------
Downside follow thru on Monday on last week's bearish thrust wkly candle. 1741/42 the lo and a new current yrly lo, breaching the wkly asc t/line (that joined 1410 with 1759) to the downside. This new 1741/42 lo is in a wide prev 4hr sw lo zone = prev supp = pot supp - from way back when, just after that 1410 multi-year 'covid' lo. That prev 1hr/4hr/dly/wkly sw lo zone that starts at 1759 is now potential sbr, and is a wide zone on dly and wkly, and up to 1790 on 4hr.

We'll see what Uk Pmi's do tomorrow. Will they add to the strengthening narrative of a weakening Uk economy or provide some pushback on that? Much good it did on Friday's Uk retail sales lol!

1hr below
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Trader with an Edge.
  • #677,566
  • Aug 22, 2022 5:42pm Aug 22, 2022 5:42pm
Quoting Houtbay
Euraud short at 1.45
Houtbay you were right at least two times already today for the trades that I saw you called. Your entries were spot on, on the exact pip actually, with EUR/AUD and USD/JPY. You are a great trader!!
You deserve more feedback! You're always in the background somehow.. I'll keep an eye on your posts most definitely!
  • #677,567
  • Aug 22, 2022 6:42pm Aug 22, 2022 6:42pm
GBP down at a new level today.
On closer analysis, the last level just didn't pull back far enough to make me want to short, but there was a pullback, probably put in on the way down so as not to have to go back up unnecessarily.

Let's see if we end up with volume trapped under the market for a rebound or not.
  • #677,568
  • Aug 22, 2022 8:38pm Aug 22, 2022 8:38pm
Quoting EvilEye
GBP down at a new level today. On closer analysis, the last level just didn't pull back far enough to make me want to short, but there was a pullback, probably put in on the way down so as not to have to go back up unnecessarily. Let's see if we end up with volume trapped under the market for a rebound or not.
??????????????????????????????????????????????
  • #677,569
  • Aug 22, 2022 10:16pm Aug 22, 2022 10:16pm
Price reversal and daily close above daily open happens only in NY session.
Umtill then whatever small uptrend you see is for short
Intraday only.
  • #677,570
  • Aug 22, 2022 10:47pm Aug 22, 2022 10:47pm
One of my lesson is materializing (which is, to not marry the trade and hold until possible SL), price keep stalling, coincidentally the rejection level is from a lowest low from many days ago as someone here has warned me it may reverse from there. While the Monday low actually created a new low, it has lost momentum shortly after, market is just the way it is, never bounce off the exact level, it may pierce through then bounce back, etc. Draw S/R area is superior to just drawing a single line of price level.

After London opens, if price yet again bounce off lower key level or the support zone I drew, i will actually exit prematurely and switch direction.
Daily pivot upper end is 1.17892, a close above it also triggers premature exit, as well as a Long.

GU has dropped enough and leave enough room for Longs to hit TP, distance between daily pivot & long term pivot is far enough for a successful Long trade.

Ongoing trade still in tiny profit, price never stay in loss zone for very long, but cant break low enough for any meaningful profit.
Range is narrow, reversal is possible, I'll make the judgement call/decision when London opens.
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  • #677,571
  • Aug 22, 2022 11:32pm Aug 22, 2022 11:32pm
It is time for me to take long position.Tp open about 60-80p.
There were many bad news released- Inflation 18,6% next year; energy cap; Strike by workers in public transportation, mistake by BOE Bailey.. etc- so it is gold chance to get money.
  • #677,572
  • Aug 22, 2022 11:52pm Aug 22, 2022 11:52pm
I never thought I will be trading EURUSD below parity.

but here i am targeting 0.9918
  • #677,573
  • Aug 23, 2022 12:03am Aug 23, 2022 12:03am
buying UJ for 138.54 can go to 138.77

thankfully Ata-Turkoglu is not in this thread

let us see how many people LIKE this post
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  • #677,574
  • Aug 23, 2022 12:13am Aug 23, 2022 12:13am
Quoting PatienceFx
I never thought I will be trading EURUSD below parity. but here i am targeting 0.9918
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  • #677,575
  • Aug 23, 2022 12:22am Aug 23, 2022 12:22am
Quoting PatienceFx
buying UJ for 138.54 can go to 138.77 thankfully Ata-Turkoglu is not in this thread let us see how many people LIKE this post {image}
Whats up with that Ata guy?
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #677,576
  • Aug 23, 2022 12:30am Aug 23, 2022 12:30am
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3 hours time. Any forecasts, the wizards in this thread?
  • #677,577
  • Aug 23, 2022 12:31am Aug 23, 2022 12:31am
Quoting PatienceFx
I never thought I will be trading EURUSD below parity. but here i am targeting 0.9918
EU target achieved
  • #677,578
  • Aug 23, 2022 12:33am Aug 23, 2022 12:33am
Quoting PatienceFx
{quote} {image} {image}
Just shorted this Bud... Out now...

Dollar smashing everything since USA put the interest rates up by 0.75 in July!
Don't trade what you think. Just what you see!!!
  • #677,579
  • Aug 23, 2022 12:34am Aug 23, 2022 12:34am
Quoting Reverso
{quote} Whats up with that Ata guy?
try posting about anything against Lord ata on this thread https://www.forexfactory.com/thread/699860-eurusd-only

you will get instant answer.
  • #677,580
  • Aug 23, 2022 12:38am Aug 23, 2022 12:38am
Quoting PatienceFx
{quote} try posting about anything against Lord ata on this thread https://www.forexfactory.com/thread/699860-eurusd-only you will get instant answer.
No way I am messing with Lord Ata, looking at his bald head, it means he achieved immense success and immortality via rigorous training and high intensive brain usage. If there is one thing I would do, I would only bow to him, with my head sticking on the floor.
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