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Cable Update (GBPUSD)

  • #678,141
  • Aug 25, 2022 2:01am Aug 25, 2022 2:01am
My selling area 1880/1910
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #678,142
  • Aug 25, 2022 2:01am Aug 25, 2022 2:01am
Quoting Georginson
{quote} What's your Target? If and only if it doesn't break 1.1878, then 1.1680 may be seen today or tomorrow...
I plan to take partials @1.1792. Main target will depend, PA is not clear yet!
Face 'ur fears & tame 'ur greed
  • #678,143
  • Aug 25, 2022 2:11am Aug 25, 2022 2:11am
The way price went up on Frankfurt to first break Asia high with almost 20 pips is text book case for a dump. Price may then move down to take out Asia low at 1783. Let's see.
  • #678,144
  • Aug 25, 2022 2:13am Aug 25, 2022 2:13am
this is still a buy
Attached Image (click to enlarge)
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if i was trading aussi , i would be out with nice profit even before LL
perfect signal right at the open of the Asian session
Attached Image (click to enlarge)
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yes yes yes
  • #678,145
  • Edited 2:39am Aug 25, 2022 2:27am | Edited 2:39am
Last high was 2 days ago, I drew a resistance zone for it, it coincides with my upper key level of 1.18756 today.
Lower end of long term pivot 1.18985 is near current price.

Rejection off any of the 2 scenario above triggers valid Short.
Daily pivot is further down compared to current price, it indicates bullish bias but the pivot area is extremely thin, and i am not inclined to go Long due to long term pivot is just nearby.

Both Short scenario mentioned above have enough room for TP before reaching daily pivot down there at 1.17959.
Not going to go Short if closed below lower key level 1.18276, TP would need to go past daily pivot, there is a risk.
I would instead go Long to trade the rejection off lower key level, it happens to coincide with a support zone i drew.

My style today will be trade rejections only, not trend trading.
My preferred trade would be the rejection off daily lower key level and go Long, it feels good to obey the direction of daily pivot, which is Long for today, and have enough room for TP before reaching long term pivot.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #678,146
  • Aug 25, 2022 2:27am Aug 25, 2022 2:27am
Quoting Moty
this is still a buy{image}if i was trading aussi , i would be out with nice profit even before LL perfect signal right at the open of the Asian session{image}
Hello Mr. Moty,

Could it possible to share this template as well?
  • #678,147
  • Aug 25, 2022 2:28am Aug 25, 2022 2:28am
Gu approaches a resistance zone.
i think German IFo business climate release will take GU and EU down
More time in the market, does not mean you trade better!
  • #678,148
  • Aug 25, 2022 2:31am Aug 25, 2022 2:31am
I only switch to long if price break above 1.1910. With current economic conditions in UK and US, every long term buying can be the doom of failure.
With courage, patience, and discipline, success is a matter of time.
  • #678,149
  • Aug 25, 2022 2:33am Aug 25, 2022 2:33am
Quoting Mitiblotch
The way price went up on Frankfurt to first break Asia high with almost 20 pips is text book case for a dump. Price may then move down to take out Asia low at 1783. Let's see.
I think something went on yesterday, but I would say that has I got burnt. Asia Market usually ranging not much action. So why has it moved so much... Well has they say on catch phrase " Trade what you see".
Don't trade what you think. Just what you see!!!
  • #678,150
  • Aug 25, 2022 2:39am Aug 25, 2022 2:39am
Quoting Theoak
{quote} I think something went on yesterday, but I would say that has I got burnt. Asia Market usually ranging not much action. So why has it moved so much... Well has they say on catch phrase " Trade what you see".
go tiny, nobody can burn you
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  • #678,151
  • Aug 25, 2022 2:42am Aug 25, 2022 2:42am
Quoting Mitiblotch
The way price went up on Frankfurt to first break Asia high with almost 20 pips is text book case for a dump. Price may then move down to take out Asia low at 1783. Let's see.
if price will stay above 1.1836X
the wind of change brother
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  • #678,152
  • Aug 25, 2022 2:42am Aug 25, 2022 2:42am
Quoting PatienceFx
{quote} go tiny, nobody can burn you {image}
booked +12
  • #678,153
  • Aug 25, 2022 2:45am Aug 25, 2022 2:45am
So far anything can go today unfortunately. We are the level that's just not hinting any direction for the moment. Any trade is 50/50 now.
  • #678,154
  • Aug 25, 2022 2:47am Aug 25, 2022 2:47am
LIVE trade
let's wait for a break of last candle high and take long for 20 pips tp with sl below last swing
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yes yes yes
  • #678,155
  • Aug 25, 2022 2:49am Aug 25, 2022 2:49am
dont let me down today
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  • #678,156
  • Aug 25, 2022 2:50am Aug 25, 2022 2:50am
Quoting Mitiblotch
The way price went up on Frankfurt to first break Asia high with almost 20 pips is text book case for a dump. Price may then move down to take out Asia low at 1783. Let's see.
Well it's happening!
  • #678,157
  • Aug 25, 2022 2:52am Aug 25, 2022 2:52am
my cable chart

ignore the stoch below
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  • #678,158
  • Aug 25, 2022 2:53am Aug 25, 2022 2:53am
London keeps selling Pound and buying Yen.. all in preparation for a disaster..
  • #678,159
  • Aug 25, 2022 2:55am Aug 25, 2022 2:55am
Well done NAVK.

Until now, everything went on well .

Now, let us see the 4hr candle.

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Intraday only.
  • #678,160
  • Edited 3:23am Aug 25, 2022 2:55am | Edited 3:23am
Quoting anthon25
{quote} Have closed short position as reached target, and long also had positive on 23 august correction. US market predicted strong for USD. before friday market predicted side ways. Short will be dominated. Asia and Europe session on 25 Strong for Sterling I think to early if today to take short.

As predicted.
Today Sterling have a chance to break above 1.19 on 7.30 GMT /19.30 Jakarta , as US economic has declined and Prelim GDP predicted lower than expected. but still i think cannot break 1.2
Market will face fearing of Powel's speech which will deliver " Surprised" hawk.
My Prediction Today Sterling will be traded below 1.2 Bearish still on GBPUSD until 26 August before Powel's Speech.
There is a big doubt about his speech of "surprised hawk" but Uncle Sam will "buy rumor and sell fact" isn't it.
Today 17.00 Jakarta 1 H bar predicted BULL
Today my Short Journey began. 1.1857 125 pips is requested
I am completely a lazy Trader & Pennies Rebate Hunter
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