Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

Last Post
1 33896 33897 Page 33898 33899 33900 43750
1 Page 33898 43750

#677,941
Aug 24, 2022 4:44am Aug 24, 2022 4:44am

Houtbay
Joined Nov 2020 | Status: Trader | 4,573 Posts

Gold tp 1745

#677,942
Aug 24, 2022 4:49am Aug 24, 2022 4:49am

navk
Joined Oct 2010 | Status: Trader | 21,479 Posts

First target for me today is daily s1

Intraday only.

#677,943
Aug 24, 2022 4:54am Aug 24, 2022 4:54am

Yngwie
Joined Aug 2008 | Status: Trader | 3,976 Posts

Quoting Yngwie

Disliked

Let see. sold 1823 SL 1850

Ignored

Done

Live trade ~ GBPUSD only. No chart! Follow at your own risk!

#677,944
Aug 24, 2022 4:55am Aug 24, 2022 4:55am

eyefeelsix
Joined Aug 2021 | Status: Trader | 2,506 Posts

Quoting eyefeelsix

Disliked

{quote} if 1.1700 broken I'm done with GU for this month {image}

Ignored

currently long add @1.1800 --- buy limit @1.1775

https://breakpullback.com

#677,945
Aug 24, 2022 4:56am Aug 24, 2022 4:56am

Matej.FX
| Joined Aug 2022 | Status: Trader | 280 Posts

Short at 1.1805
SL above last two 15M candles

Finally London did it's stupidity and now there should be some action two hours before NY open. Hm..

Attached Image (click to enlarge)

Click to Enlarge

Name: GBPUSD.png
Size: 5 KB

#677,946
Aug 24, 2022 4:58am Aug 24, 2022 4:58am

satheesh
| Commercial User | Joined May 2010 | 793 Posts

Look @ the four hour Rejection on yearly low. anything below 1.1785 is buy for me. waiting for the Price action below the price

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 15 KB

Read the chart... Fundies are catalyst...

#677,947
Aug 24, 2022 5:01am Aug 24, 2022 5:01am

Houtbay
Joined Nov 2020 | Status: Trader | 4,573 Posts

Is everyone having a wonderful time?

#677,948
Aug 24, 2022 5:02am Aug 24, 2022 5:02am

Reverso
Joined Apr 2022 | Status: Trader | 630 Posts

Quoting Reverso

Disliked

Kind of a no-brainer Short by looking at the price action, repeatedly rejected off the upper key level then finally followed by a very clear bearish engulfing, coupled with fizzled bullish momentum from yesterday. Entry 1.18087, SL 1.18368, TP 1.17665 I could have waited it to go down further to break the daily pivot then only take the short, but the TP target would have been a bit risker due to a support level nearby near the lowest low in recent days. By entering now, my TP can hit sooner and avoid risk of rejected off that lowest low support....

Ignored

For a 2nd thought, I exited prematurely with a small profit.

I prefer for it to properly close below pivot then take the Short, so in case I am wrong and hit SL, I would still be able to re-enter Long after it closed above the upper end of daily pivot. I would have no chance for re-entry if I hit SL for the trade that I entered earlier than my system permits me.

The risk is there for price to bounce back at the end of the pivot, a bounce there also means reject off lower key level, it is risky for a Short if it materialized.
Better stick to system, even if it means a later entry and a lower price to sell, truth is no one knows where price go, it might not close below my level and reverse up.

https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620

Freedom you deserve. All Time Return: 50.4%

#677,949
Aug 24, 2022 5:04am Aug 24, 2022 5:04am

Lool
| Joined Jul 2022 | Status: Trader | 42 Posts

Quoting Theoak

Disliked

{quote} Just wondering Bud, Why do you think Bulls are coming?

Ignored

dxy likely to go down

#677,950
Aug 24, 2022 5:05am Aug 24, 2022 5:05am

Matej.FX
| Joined Aug 2022 | Status: Trader | 280 Posts

Quoting Houtbay

Disliked

Is everyone having a wonderful time?

Ignored

We'll see if London takes our money or donates, still early to tell. Hope you're having one after that Gold TP.

And while I was writing this Pound slides down

. Awesome.

#677,951
Aug 24, 2022 5:06am Aug 24, 2022 5:06am

Matej.FX
| Joined Aug 2022 | Status: Trader | 280 Posts

Again no action, only 2 hours before ny open. Always the same story.

#677,952
Aug 24, 2022 5:10am Aug 24, 2022 5:10am

Matej.FX
| Joined Aug 2022 | Status: Trader | 280 Posts

Quoting Matej.FX

Disliked

Short at 1.1805 SL above last two 15M candles Finally London did it's stupidity and now there should be some action two hours before NY open. Hm.. {image}

Ignored

Took this small profit. I am waiting for NY anyway so any extra money I earn in the morning is awesome. I actually TP because 15M candle didn't leave a wick which is odd to me, but this could be a major screw up by me to leave the trade. Whatever, see you later after NY open. Profit is a profit.

#677,953
Aug 24, 2022 5:10am Aug 24, 2022 5:10am

navk
Joined Oct 2010 | Status: Trader | 21,479 Posts

Quoting navk

Disliked

First target for me today is daily s1

Ignored

short booked already.

i have changed my idea.

9 am 4 hr candle i will buy.

Intraday only.

#677,954
Aug 24, 2022 5:11am Aug 24, 2022 5:11am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Pat Chiko

Disliked

{quote} Hi Bro. Can I go Short Scalp a bit ?. Any chance winning ?. I need to wait to borrow Moty's Hammer...........

Ignored

GU

We might still be bearish.
Don't lose focus.
The last aggressive buy only presents more opportunities to make money in the market.
Utilise it.

Pound bulls turn hesitant ahead of key events.
Interim resistance seems to have formed at 1.1850. (gap area)
Watching pre-event movement (Powell's Friday speech).
The implication here is that I expect the market to go into Powell's Friday speech with the USD high a.
May be that the market can still raise for GBPUSD to sell better, filling up the gap for liwqudity.

Attached Image (click to enlarge)

Click to Enlarge

Name: gu 366.jpg
Size: 230 KB

Attached Image (click to enlarge)

Click to Enlarge

Name: gu 367.jpg
Size: 167 KB

I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#677,955
Aug 24, 2022 5:17am Aug 24, 2022 5:17am

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

Quoting Pat Chiko

Disliked

{quote} GU We might still be bearish. Don't lose focus. The last aggressive buy only presents more opportunities to make money in the market. Utilise it. Pound bulls turn hesitant ahead of key events. Interim resistance seems to have formed at 1.1850. (gap area) Watching pre-event movement (Powell's Friday speech). The implication here is that I expect the market to go into Powell's Friday speech with the USD high a. May be that the market can still raise for GBPUSD to sell better, filling up the gap for liwqudity. {image}{image}

Ignored

If that RSF Support zone(TP zone) dont hold, next support Qm?

More time in the market, does not mean you trade better!

#677,956
Aug 24, 2022 5:20am Aug 24, 2022 5:20am

Reverso
Joined Apr 2022 | Status: Trader | 630 Posts

Quoting Reverso

Disliked

Kind of a no-brainer Short by looking at the price action, repeatedly rejected off the upper key level then finally followed by a very clear bearish engulfing, coupled with fizzled bullish momentum from yesterday. Entry 1.18087, SL 1.18368, TP 1.17665 I could have waited it to go down further to break the daily pivot then only take the short, but the TP target would have been a bit risker due to a support level nearby near the lowest low in recent days. By entering now, my TP can hit sooner and avoid risk of rejected off that lowest low support....

Ignored

Got my entry shortly after, entered Short, a safe Short, with a not so safe TP, the TP is not completely beyond the support zone, but it is within the support zone.
Price normally dont bounce off exact level that you expect, let market decide my fate.

Entry 1.17943, SL 1.18185, TP 1.17579

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 14 KB

https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620

Freedom you deserve. All Time Return: 50.4%

#677,957
Aug 24, 2022 5:21am Aug 24, 2022 5:21am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

GBP

In case you’re wondering why the GBP British pound is taking a beating.
Energy (gas, oil) and commodities (food, metals) are priced in dollars so every 1% drop in the pound adds to cost of living crisis.

And to make it interesting, UK money printing has gone through the roof.
The Bank of England’s reserve balance, which is increased to finance quantitative easing - £954 billion on 17 August - an increase of almost £500bn since January 2020.
This isn’t sustainable.
It devalues and causes inflation.

If GBP/USD break below the 1.1760 July low to clear the way towards 1.15.

Attached Image (click to enlarge)