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Cable Update (GBPUSD)

  • #677,981
  • Aug 24, 2022 6:36am Aug 24, 2022 6:36am
This is going to dump!!!
Don't trade what you think. Just what you see!!!
  • #677,982
  • Aug 24, 2022 6:37am Aug 24, 2022 6:37am
Quoting RCtrader
Short gbpusd, Entry 1.1830, SL 1.1852, TP1 1.1780
50 pips and going for more
Risk Management is of utmost importance!
  • #677,983
  • Aug 24, 2022 6:40am Aug 24, 2022 6:40am
Quoting ForexGoose
{quote} waiting to sell rallies {image}
another bear trap is possible today around 1.176

Powell is speaking on Friday and the market is waiting for what he has to say for the direction of the U.S. dollar.
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #677,984
  • Aug 24, 2022 6:43am Aug 24, 2022 6:43am
Quoting Pat Chiko
{quote} GU Does GU want to gimme the 30 pips ?. Until NYO ? {image}
GU

Still in Scalping mode before NYO
Taking all SL below for liwqudity.

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #677,985
  • Aug 24, 2022 6:56am Aug 24, 2022 6:56am
my stop 1765 for long GU.
Intraday only.
  • #677,986
  • Aug 24, 2022 7:01am Aug 24, 2022 7:01am
...there is a repeating pattern of 1hr bullish hidden div present @ the current dly lo that may stay valid whilst above y/day's lo, but of course there is not a 4hr uptrend (next higher t/f,) but there may be a point 5 in the general (not classic) exp tri pattern on 4hr developing?
-----------------------------------------------------
My last post for a while now - hols time...Good Luck to all, and see you in mid-September.

1hr and 4hr below
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Trader with an Edge.
  • #677,987
  • Aug 24, 2022 7:16am Aug 24, 2022 7:16am
Quoting Pat Chiko
{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}
...or just straight down to 1.1675-1.1620 zone without the second leg of correction.
Always trade your own plan...I don't provide trading signals.
  • #677,988
  • Aug 24, 2022 7:20am Aug 24, 2022 7:20am
Quoting navk
my stop 1765 for long GU.
Long booked b4 news event.

Anything may happen.

There is bullish divergence.

But it may fail.
Intraday only.
  • #677,989
  • Aug 24, 2022 7:28am Aug 24, 2022 7:28am
  • #677,990
  • Aug 24, 2022 7:30am Aug 24, 2022 7:30am
don't ask me why i am long
Attached Image (click to enlarge)
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yes yes yes
  • #677,991
  • Aug 24, 2022 7:36am Aug 24, 2022 7:36am
Quoting Moty
don't ask me why i am long{image}{image}
I would wait for 9 am est 4hr candle to go long I get a clue
Intraday only.
  • #677,992
  • Aug 24, 2022 7:37am Aug 24, 2022 7:37am
if the price continues to go down, the ADR target for today would be around 1720.

1720 or 1870 today ?
Intraday only.
  • #677,993
  • Aug 24, 2022 7:46am Aug 24, 2022 7:46am
Quoting Reverso
{quote} 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 {image}
TP hit, just as prophesized.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
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  • #677,994
  • Aug 24, 2022 7:46am Aug 24, 2022 7:46am
Bad US data but cable dropping?
Insane in the Brain..
  • #677,995
  • Aug 24, 2022 7:49am Aug 24, 2022 7:49am
Quoting BeeTogether
Bad US data but cable dropping?
dollar want to touch 1750. maybe later it will rise
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #677,996
  • Aug 24, 2022 7:50am Aug 24, 2022 7:50am
Quoting Yngwie
{quote} ok close all. looking to long. maybe near 1750
let see Long 1761 SL 1730
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #677,997
  • Aug 24, 2022 7:51am Aug 24, 2022 7:51am
Quoting Chris_35
{quote} too too late. 49 years now juast come to the table with short @ 1.1790 T/P 1.1750
closed at 1.1764
  • #677,998
  • Aug 24, 2022 8:07am Aug 24, 2022 8:07am
Quoting BeeTogether
Bad US data but cable dropping?
It's coming to my entry. I was short earlier but banked now at 1760. My pending long is still waiting to be picked up.
  • #677,999
  • Aug 24, 2022 8:13am Aug 24, 2022 8:13am
Just wondering why does anyone think this is a Bullish market? I'm serious, because I just can't see it.
Don't trade what you think. Just what you see!!!
  • #678,000
  • Aug 24, 2022 8:15am Aug 24, 2022 8:15am
and i saw this yesterday
Attached Image (click to enlarge)
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yes yes yes
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