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Cable Update (GBPUSD)

  • #678,581
  • Aug 26, 2022 6:16am Aug 26, 2022 6:16am
Quoting Theoak
{quote} Not sold on the bear ride and not sold on the bull ride!! What do we do? Sit on hands!
Well I'm putting a small one in and joining the Bulls
Long it at 1.1833

It's tried to crack this level twice. Third time lucky!
Don't trade what you think. Just what you see!!!
  • #678,582
  • Aug 26, 2022 6:17am Aug 26, 2022 6:17am
Quoting Theoak
{quote} Well I'm putting a small one in and joining the Bulls Long it at 1.1833
Glad we join forces this time lord wizard, pump it.
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  • #678,583
  • Aug 26, 2022 6:21am Aug 26, 2022 6:21am
Quoting Whale
{quote} for me long only brother. Its our day. i may wrong, im trading according my plan.
Whale's blessing received, GU to the moon.
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  • #678,584
  • Edited 6:41am Aug 26, 2022 6:21am | Edited 6:41am
Quoting Reverso
{quote} Glad we join forces this time lord wizard, pump it.
Pump it
Don't trade what you think. Just what you see!!!
  • #678,585
  • Aug 26, 2022 6:22am Aug 26, 2022 6:22am
Quoting Theoak
{quote} Well I'm putting a small one in and joining the Bulls Long it at 1.1833 It's tried to crack this level twice. Third time lucky!
Good luck...UJ seems to be kept below 137 heading into US session..
  • #678,586
  • Aug 26, 2022 6:24am Aug 26, 2022 6:24am
Quoting BeeTogether
{quote} Actually for me I’d be more than happy with that area. Means my loss won’t be as bad as it’s now. Remember I’m long at 12010 when I tried to be too clever and aim for 20 pips retrace to go short from
Damn, thats one big mess you have held up well. GL mate.

I see a rise to 1.194××, and back for a RT early next week at DP[Decision Point] 1.187××
Face 'ur fears & tame 'ur greed
  • #678,587
  • Aug 26, 2022 6:36am Aug 26, 2022 6:36am
No predictions...nothing. Just trade the news if some one wishes.

I am not preparing anything at all.

Will watch only.
Intraday only.
  • #678,588
  • Aug 26, 2022 6:39am Aug 26, 2022 6:39am
I will go short on a break 1.17751 based on hourly.

The current sideways move looks like a double correction within a strong downtrend, so i would expect a short continuation either with the news release today or Powell speech later.
Follow The Markets Structure - Patience and Discipline
  • #678,589
  • Aug 26, 2022 6:41am Aug 26, 2022 6:41am
Quoting voeltoez
My view for this last 2 days.. Cable pushed by jackson news.. Going up to 1.2030 at middle bb daily maybe 1.1920 today..then 1.2030 friday.. but if im wrong.. Cable will go deep down to 1.1638 at lower bb weekly chart.. cmiiw {image}
still with this plan
  • #678,590
  • Aug 26, 2022 6:47am Aug 26, 2022 6:47am
Quoting Reverso
{quote} Took a cute Long just now, based on: 1. After price broken pivot to upside, subsequent few candles actually retested the pivot before producing another bullish candle. 2. Continuing from point 1, that bullish candle produced broke an area that has a lot of price reactions (in other words, S/R). 3. As per system, trade the opposite direction if pivot broke. 4. There is enough room to TP before hitting any major wall. I can afford to lose this if it doesn't end well, had 4 win days this week. It will be a bonus if this turned out to be TP,...
This cute trade hit SL, should've stick to initial plan that is produced by my rational mind, this cute trade was entered I think because of "gambling addiction"? The tempted feeling just to go at a trade without patience.

Lesson learnt, to hold on my impulse.
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  • #678,591
  • Aug 26, 2022 6:47am Aug 26, 2022 6:47am
Btw, UJ long term and shorter potential against dollar is higher, today I’m targeting 135.8
septmeber below 130 even around 125.. yen demand will be the sky
  • #678,592
  • Aug 26, 2022 6:48am Aug 26, 2022 6:48am
Quoting Reverso
Took a good look at the pivot location for the past few days, noticed the current trend is ranging now, support pivot gets broken to downside, resistance pivot gets broken to upside, a clear trend is when the pivot location is getting higher and higher after each day, also supporting the price not letting it break thru pivot, clearly this is not the case here. One day the pivot is bullish, then the next day pivot is bearish. By system rule, today's pivot is bearish, but price has broken it with ease today. Since the price has traveled to the upside...
This analysis materialized, price reversed and now stays below my daily pivot, entered Short, this will be the last trade for the day, as I hit one SL just now due to impatience. I truly feel comfortable with this trade compared to the one I just took previously today. High conviction this will TP.

Entry 1.18206, SL 1.18450, TP 1.17840.

DUMP IT.
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  • #678,593
  • Aug 26, 2022 6:56am Aug 26, 2022 6:56am
Quoting Whale
Btw, UJ long term and shorter potential against dollar is higher, today I’m targeting 135.8 septmeber below 130 even around 125.. yen demand will be the sky
I think it will continue to soften through the year...but that's me..
  • #678,594
  • Aug 26, 2022 7:17am Aug 26, 2022 7:17am
Quoting TheFxLord
{quote} To be honest, I'm not going into anything at the moment. I am keeping my account clear for Jackson Hole. Am on a long Silver trade on my Aussie Dollar account however. Cheers.
Exited. Small profit.

But no point risking holding it over data release. Today's theme is to chill.
  • #678,595
  • Aug 26, 2022 7:26am Aug 26, 2022 7:26am
Quoting TheFxLord
{quote} Exited. Small profit. But no point risking holding it over data release. Today's theme is to chill.
Good call. I'm getting ready for 1.30. Fingers at the ready!!!
Don't trade what you think. Just what you see!!!
  • #678,596
  • Aug 26, 2022 7:29am Aug 26, 2022 7:29am
hope us open brings bears for usd
Blank and Empty
  • #678,597
  • Aug 26, 2022 7:31am Aug 26, 2022 7:31am
Quoting Theoak
{quote} Good call. I'm getting ready for 1.30. Fingers at the ready!!!
Oops, Silver flew up on bad data.
  • #678,598
  • Aug 26, 2022 7:35am Aug 26, 2022 7:35am
my sell on USD/CHF doing good ..lets see support approaching...might close if i see reversal..
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Blank and Empty
  • #678,599
  • Aug 26, 2022 7:35am Aug 26, 2022 7:35am
Quoting TheFxLord
{quote} I think it will continue to soften through the year...but that's me..
Whatever you see go for it.
im trading market structure simple rules
  • #678,600
  • Aug 26, 2022 7:39am Aug 26, 2022 7:39am
Quoting Reverso
{quote} This analysis materialized, price reversed and now stays below my daily pivot, entered Short, this will be the last trade for the day, as I hit one SL just now due to impatience. I truly feel comfortable with this trade compared to the one I just took previously today. High conviction this will TP. Entry 1.18206, SL 1.18450, TP 1.17840. DUMP IT. {image}
Sad, SL hit due to near SL with wider spread, worst scenario two SL for the day.
That will wrap up this week.

Not bad, but not too good either, had quite a few trades taken outside of system, should reduce such trades in future, control the urge to trade until condition is good enough, but not when the slightest opportunity arises.
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