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Cable Update (GBPUSD)

  • #679,121
  • Aug 30, 2022 2:21am Aug 30, 2022 2:21am
Have been a bit quiet as Ive been working on a new system, which Im trying out today with some small lots. No it doesnt win every trade, no system does, but I'm looking for consistency of more posititive to negative trades with good MM. Will give you my findings at the end of the day. Good luck everyone.
  • #679,122
  • Aug 30, 2022 2:22am Aug 30, 2022 2:22am
Quoting BigNumbers
USDCHF LONG
The average pip movment for USDCHF per day is 58 pips from last year data and 66 pips 2 years ago..
CHF pairs don't move as much but unfortunately chf has the best setup today... so we have no choice than to trade it..

Personally I'm on chfjpy short but i didn't share it here because it was a sniper entry..

I'll share the target for USDCHF shortly...
High impact news for USD today... We hope that this may cause the USDCHF to move aggressively to the upside
My telegram: https://t.me/avidforex
  • #679,123
  • Aug 30, 2022 2:24am Aug 30, 2022 2:24am
Quoting BigNumbers
USDCHF LONG
TP2 0.97879
TP1: secure your position after the first 50 pips

Good luck
My telegram: https://t.me/avidforex
  • #679,124
  • Aug 30, 2022 2:27am Aug 30, 2022 2:27am
Quoting BigNumbers
USDCHF LONG
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.png Size: 19 KB
My telegram: https://t.me/avidforex
  • #679,125
  • Edited 2:40am Aug 30, 2022 2:29am | Edited 2:40am
USD/JPY long. TP 140

USD/JPY is going long until another Advance GDP Q/Q 27.10 and before elections..

I WAS WRONG. OUT
Pufff
  • #679,126
  • Aug 30, 2022 2:29am Aug 30, 2022 2:29am
Daily pivot near lower key level, signaling bullish bias for the day, unless pivot broken then will Short.
Price held up well, maybe this retrace isn't done yet, 1 more wave of retrace before resuming the true direction (down)?

Let's see.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #679,127
  • Aug 30, 2022 2:31am Aug 30, 2022 2:31am
I don't see any other way except to short thus pair. So at .17100 I sell some TP at .16600. If eventually of price does its thing and go to .17700, then I will buy back about 50% of my sold position and wait for more info on the price based on its action. You will never know what price will do in the next few...........
Happy trading........
  • #679,128
  • Aug 30, 2022 2:33am Aug 30, 2022 2:33am
Gbpusd long tp 1.17420
  • #679,129
  • Aug 30, 2022 2:35am Aug 30, 2022 2:35am
This price action is rubbish
Don't trade what you think. Just what you see!!!
  • #679,130
  • Aug 30, 2022 2:38am Aug 30, 2022 2:38am
Quoting Reverso
Daily pivot near lower key level, signaling bullish bias for the day, unless pivot broken then will Short. Price held up well, maybe this retrace isn't done yet, 1 more wave of retrace before resuming the true direction (down)? Let's see.

I couldn't wait any longer and so I just went in short but I have plan of what to do if price didn't go down.......
Happy trading.......
  • #679,131
  • Aug 30, 2022 2:40am Aug 30, 2022 2:40am
1950 would be good . Just trail and pp but not to close to the price
  • #679,132
  • Aug 30, 2022 2:41am Aug 30, 2022 2:41am
Quoting Houtbay
Gbpusd long tp 1.17420
Damn what a nice call. I saw Euro went madly up, Pound not immediately and went long GBP/USD just before they pulled Pound up.
  • #679,133
  • Aug 30, 2022 2:41am Aug 30, 2022 2:41am
Attached Image (click to enlarge)
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yes yes yes
  • #679,134
  • Aug 30, 2022 2:43am Aug 30, 2022 2:43am
Attached Image (click to enlarge)
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  • #679,135
  • Aug 30, 2022 2:45am Aug 30, 2022 2:45am
Quoting Theoak
This price action is rubbish
There is nothing much going to happen, preserve more calories for the evening news later in the day/evening.

Now is just note taking time for me.
Face 'ur fears & tame 'ur greed
  • #679,136
  • Aug 30, 2022 2:46am Aug 30, 2022 2:46am
Quoting Theoak
This price action is rubbish

Easy mate...........
Its forming distribution on the very low time frame and my guess is that it will bust up or down at a point.
So I bet all we can do is manage the best we can and leave the rest to hope..........
Play some nice music and wait for something good to come around......
Happy trading
  • #679,137
  • Aug 30, 2022 2:47am Aug 30, 2022 2:47am
Attached Image (click to enlarge)
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anybody who watched my trading is full candle close over ema stop on the bottom under the ema . Move stop to be always be safe on your account . If it gos higher you win your in . Fail you don’t lose your acc but don’t move the stop down or up depending on your trade untill it looks safe to at least get break even
  • #679,138
  • Aug 30, 2022 2:47am Aug 30, 2022 2:47am
As a summary 11650 area held off quite well yesterday and a bigger bounce by nearly a 100pips followed. Maybe we have seen the lows now and we could be looking at potentially seeing 120-12250 again?

surely breaking 120 opens up 122-123?
Insane in the Brain..
  • #679,139
  • Aug 30, 2022 2:48am Aug 30, 2022 2:48am
Quoting Reverso
Daily pivot near lower key level, signaling bullish bias for the day, unless pivot broken then will Short. Price held up well, maybe this retrace isn't done yet, 1 more wave of retrace before resuming the true direction (down)? Let's see.
Long scenario materialized, closed above upper key level.

Entry 1.17367, SL 1.17102, TP 1.17765.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #679,140
  • Aug 30, 2022 2:49am Aug 30, 2022 2:49am
Quoting BigNumbers
{quote} Like i said earlier, CHF might be very weak today and We have high impact news coming up tomorrow for EUR and USD. so watch out for EURCHF and USDCHF Longs… Good Luck

And its happening....

Good luck.
My telegram: https://t.me/avidforex
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