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Cable Update (GBPUSD)

  • #677,621
  • Aug 23, 2022 2:07am Aug 23, 2022 2:07am
Quoting PatienceFx
{quote} UK likes the number 10 british PM 10 downing street inflation rate 10.10
10 out of 10 for observation
Don't trade what you think. Just what you see!!!
  • #677,622
  • Aug 23, 2022 2:08am Aug 23, 2022 2:08am
the drop is coming
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yes yes yes
  • #677,623
  • Aug 23, 2022 2:12am Aug 23, 2022 2:12am
the next drop would be from 1760/65
Intraday only.
  • #677,624
  • Aug 23, 2022 2:21am Aug 23, 2022 2:21am
Plan is crystal clear, Long term and daily pivot above price, down it is, potential entries:

1. Short - Rejected off upper key level 1.17596, SL recent high.
2. Short - Rejected off daily pivot area 1.17741 - 1.17892, SL 1.17892.
3. Short - Closed below lower key level 1.17153, SL 1.17473.
4. Long - Closed above daily pivot upper end 1.17892, SL 1.17741.

Consistent is key, remember, no one knows where the price goes, ask 100 traders about direction, 50 of them will say up, 50 of them will say down, which one to believe?
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #677,625
  • Aug 23, 2022 2:23am Aug 23, 2022 2:23am
To the star..1.2000
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  • #677,626
  • Aug 23, 2022 2:26am Aug 23, 2022 2:26am
Quoting Theoak
{quote} I can see what is brewing and you won't like it. If it happens then there must be mass protests. They have privatised everything, except the NHS. We are now paying out more on these private companies than we ever did! There is too much money for them to miss out on the NHS. Why on earth would we want to follow the American health care model? It the most expensive health treatment on the planet! You can't afford to be sick.
they have been pushing to sell the NHS a off for many years now. But hey we should be seeing 350 million going to the NHS every week since we’ve left the EU
Insane in the Brain..
  • #677,627
  • Aug 23, 2022 2:29am Aug 23, 2022 2:29am
Quoting voeltoez
To the star..1.2000 {image}
1.2? Really ? It is possible if Uk data is good and US goes tits up in the near future. Again be happy to be at 1.2 as it gives the economy something to work with and also a chance potentially lower inflation
Insane in the Brain..
  • #677,628
  • Aug 23, 2022 2:29am Aug 23, 2022 2:29am
sometimes is good to be modest , from daily pivot to daily s1 there is 55 pips to grab , why not settle with that ?
lucky i am back to trade tomorrow so i can make the adjustments
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yes yes yes
  • #677,629
  • Aug 23, 2022 2:40am Aug 23, 2022 2:40am
Quoting Headland
...all eyes on Uk PMi's soon, especially a dip under 50 ...not good! Or, will they, like retail sales last week, be a little chink of light in an otherwise bleak narrative? ------------------------------------------------ Wkly S1 circa 1698, Dly S2 circa 1685. 4hr below {image}
I can see it now. Cable shoots up,,,, we all (the clowns) jump in, cable drops like a lead balloon!!!!

out long now
Don't trade what you think. Just what you see!!!
  • #677,630
  • Aug 23, 2022 2:44am Aug 23, 2022 2:44am
Quoting Georginson
{quote} Bought at 1.1720... swing target 1.1920 (duration 7 trade days) Pending buy again at 1.1676...
Exited at 1.1777... +57 pips of intended 200 pips target... Will buy lower again.
Data + Stat + Risk/Emotions Management
  • #677,631
  • Aug 23, 2022 2:45am Aug 23, 2022 2:45am
Quoting eyefeelsix
{quote} 10p stop-out, I keep on eys above 1.1700 for re-entry long --- watch out!
if 1.1700 broken I'm done with GU for this month

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https://breakpullback.com
  • #677,632
  • Aug 23, 2022 3:01am Aug 23, 2022 3:01am
now i waiting for a close below the rainbow ma for another short entry
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yes yes yes
  • #677,633
  • Aug 23, 2022 3:04am Aug 23, 2022 3:04am
Currently long usdjpy, long usdchf and short gbpusd
  • #677,634
  • Aug 23, 2022 3:10am Aug 23, 2022 3:10am
...the pot sbr zone starting @ prev yrly lo 1759 is a wide zone on dly/wkly, and on 4hr extends to circa 1792. Price @ today's current p/back hi went into that zone....and hit a 50% fib, as well as bottom of a prev 1hr/minor 4hr sw lo then 1hr hi zone leading to current dly hi where it 1st encountered sbr.

Last 1hr close bullishly engulfed the previous 2.

1hr below
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Trader with an Edge.
  • #677,635
  • Aug 23, 2022 3:12am Aug 23, 2022 3:12am
Quoting eyefeelsix
{quote} if 1.1700 broken I'm done with GU for this month {image}

It will break

Kind regards,
  • #677,636
  • Aug 23, 2022 3:13am Aug 23, 2022 3:13am
Quoting thatRichDude
{quote} It will break Kind regards,
Yes my lord, it shall be done.
Currently price rejected off daily pivot, unable to break it, now I am just waiting for a close below 1.17596 to enter Short, SL upper end of daily pivot.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #677,637
  • Aug 23, 2022 3:15am Aug 23, 2022 3:15am
Quoting eyefeelsix
{quote} if 1.1700 broken I'm done with GU for this month {image}
Failure to move above 1.1820 is a certain fall to 1.1676 - 1.1567 before 450+ pips bounce within 10 trade days.
Data + Stat + Risk/Emotions Management
  • #677,638
  • Aug 23, 2022 3:17am Aug 23, 2022 3:17am
Beware today may be retracement from previous week, monday and tuesday
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #677,639
  • Aug 23, 2022 3:20am Aug 23, 2022 3:20am
Quoting thatRichDude
{quote} It will break Kind regards,
and my job's done. quite simple right :-)

Quoting Georginson
{quote} Failure to move above 1.1820 is a certain fall to 1.1676 - 1.1567 before 450+ pips bounce within 10 trade days.
yes Georg, my fifth will turn into third on the large degree if trend continue down

--- have a great day to both
https://breakpullback.com
  • #677,640
  • Aug 23, 2022 3:31am Aug 23, 2022 3:31am
Data is poor.. getting ready for a dump
Insane in the Brain..
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