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Cable Update (GBPUSD)

  • #679,721
  • Aug 31, 2022 9:40am Aug 31, 2022 9:40am
When the market stops in the price range, I trust it more to reverse. Take a look at the previous low and this low. I'm very excited for Friday to see where the price goes
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There is nothing wrong with being kind & loving to each other
  • #679,722
  • Aug 31, 2022 9:43am Aug 31, 2022 9:43am
i was sure that eu will not stay long below 1.00000
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yes yes yes
  • #679,723
  • Aug 31, 2022 9:44am Aug 31, 2022 9:44am
Quoting Moty
i have a bigger position in the gu , i hate you gu {image}
gu is really a restless currency pair
There is nothing wrong with being kind & loving to each other
  • #679,724
  • Aug 31, 2022 9:44am Aug 31, 2022 9:44am
im done up down really tired but profitable
4 order left until 1.17000
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  • #679,725
  • Aug 31, 2022 9:45am Aug 31, 2022 9:45am
Quoting Moty
i was sure that eu will not stay long below 1.00000 {image}
normally from low I count 7 days, now EURUSD starting go up from 6...he anticipated with higher low
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  • #679,726
  • Aug 31, 2022 9:46am Aug 31, 2022 9:46am
yes !!!!
i nailed it
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yes yes yes
  • #679,727
  • Aug 31, 2022 9:48am Aug 31, 2022 9:48am
Quoting Yngwie
1596
1670 is a strong resistance
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #679,728
  • Aug 31, 2022 9:48am Aug 31, 2022 9:48am
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yes yes yes
  • #679,729
  • Aug 31, 2022 9:49am Aug 31, 2022 9:49am
Quoting Moty
yes !!!! i nailed it {image}
You are funny, the war hasn’t started yet
  • #679,730
  • Aug 31, 2022 9:50am Aug 31, 2022 9:50am
Quoting Marcieny
{quote} Hi Leon nice chart. As long as people continue to think that the dollar is a refuge and keep it, it continues to rise and appreciate but from what I analyzed in these two years..people have already started to sell their dollars. nother pair great to analise GBP force is Xau/ Gbp. Anyway it's good to wait for time to clarify things better. Or there will be dollar sales in that region or more purchase. Cheers.
Hi Marcieny,
Thank you. I personally wouldn't mind the dollar reaching the nice big round number 110.00 where I think big sell orders are waiting, but as it goes in trading, it never turns out the way we want it to. Price can turn in a glimpse. With the last month of the 3rd quarter upon us we should see nice volatility.
You are correct. Patience is key here. I certainly do not want to sell GU here as a long term trader, but look at buy opportunities with the aim at locking my trades at breakeven and some very quickly. We just never know. Unfortunately this comes with 100 pip profit trades turning into 5 pip profits. Just the nature of the game for me. Hope my break will come at some point.
Cheers
Leon
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Trade to trade another day
  • #679,731
  • Aug 31, 2022 9:51am Aug 31, 2022 9:51am
Took a look at a zoomed out weekly chart, GU is in a kinda generational bottom now, there is a real chance we're not going to drop any further and start a new long term uptrend.

I wouldn't be surprised if I lose the Short today, then see a Bullish pivot placement tomorrow, then price eventually break and close above my longer term pivot.
But rules are rules, if I have to eat the SL for Short today, I will need to.

Otherwise, this will probably be my last TP for Shorts? Any further dip is going to create new all time low, i wouldn't count on it.
Lord Miti might be right to scoop up GU buys at such a low price, we shall see.
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Freedom you deserve. All Time Return: 71.0%
  • #679,732
  • Aug 31, 2022 9:54am Aug 31, 2022 9:54am
Quoting Whale
{quote} I learn more than 10 hours a week. and will keep it for the rest of my life. Thanks show me your shorts.
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Master your mind. Master Trading.
  • #679,733
  • Aug 31, 2022 9:55am Aug 31, 2022 9:55am
Quoting Whale
{quote} You are funny, the war hasn’t started yet
no , it's all over
in 2 hours you will get 108 at dx
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yes yes yes
  • #679,734
  • Aug 31, 2022 9:56am Aug 31, 2022 9:56am
Bear trend over? i think in the short term we may see a push towards the top... Trade safe!
  • #679,735
  • Aug 31, 2022 9:58am Aug 31, 2022 9:58am
Quoting KareemAliFx
{quote} {image}
isn't that a demo account?

you trade 30 lots at once? that is very bad practice with real money
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #679,736
  • Aug 31, 2022 10:11am Aug 31, 2022 10:11am
Quoting ForexGoose
{quote} isn't that a demo account? you trade 30 lots at once? that is very bad practice with real money
Lot 30 means demo account? My teacher earns millions of dollars with one trade(Scalp Trade)!!!!!!!!!!
There is nothing wrong with being kind & loving to each other
  • #679,737
  • Aug 31, 2022 10:13am Aug 31, 2022 10:13am
Short on 1.1632 target 1.6321
Don't trade what you think. Just what you see!!!
  • #679,738
  • Aug 31, 2022 10:18am Aug 31, 2022 10:18am
Quoting RaHaG0D
{quote} Lot 30 means demo account? My teacher earns millions of dollars with one trade(Scalp Trade)!!!!!!!!!!
and who is your teacher?
How to succeed in zero sum game?
  • #679,739
  • Aug 31, 2022 10:20am Aug 31, 2022 10:20am
Quoting dempire1
{quote} and who is your teacher?
Amin Dehghan
There is nothing wrong with being kind & loving to each other
  • #679,740
  • Aug 31, 2022 10:21am Aug 31, 2022 10:21am
Wtf is this? Each low is lower and each high is higher.
I feel sorry if anyone got caught within the whipsaw range and being cut into pieces, glad it doesn't affect me.
But man, the price action is so ugly, a face so ugly that only a mother could love.

Anyone with enormous amount of screen time able to tell from experience where will this lead to?
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