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Cable Update (GBPUSD)

  • #680,181
  • Sep 1, 2022 8:40pm Sep 1, 2022 8:40pm
took a nice short from yesterday. There was acceptance at the bottom edge before the drop, so it was never going to be a day of buying despite the new lows being made.

Today there looks to be trapped volume at and below 1.15 so there should be a pull back up today (being Friday an all)
price accepting around 1.155
  • #680,182
  • Edited 9:28pm Sep 1, 2022 8:54pm | Edited 9:28pm
Quoting OnlineAddict
Normally GU is bearish on fridays...but this whole week has been bearish...would be nice to see some good profit taking tomorrow and a run from thursday's low 1500 towards 1650-1700.
The week candle is bearish.

So, I expect bearish daily candle.

The price can go up max 1600.
Intraday only.
  • #680,183
  • Sep 1, 2022 9:32pm Sep 1, 2022 9:32pm
Morning
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  • #680,184
  • Sep 1, 2022 10:54pm Sep 1, 2022 10:54pm
Quoting Jolita
{quote} Safer to buy. Try not to hold your trade too long. Next resistance 14200 & 14765. Look at monthly chart, going for the stars. Pair is unhealthy, recently retraced. Dollar fundamental figures are good this moment.
Don't worry!

As I said yesterday folks, I expect a good retracement today on GBP/USD.
Entered long now with TP at 1.165 (100 pips). SL under 1.15. This is all from me today.
  • #680,185
  • Sep 1, 2022 11:02pm Sep 1, 2022 11:02pm
when I do something before Frankfurt/LO, I usually mess up.

I remembered that and just got out with minimum profit.

Better to watch Videos in this time.

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Intraday only.
  • #680,186
  • Sep 1, 2022 11:11pm Sep 1, 2022 11:11pm
Let's see .. I bought it..

I hope, if the European session fails to pudh up... Definitely nfp gonna up move
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  • #680,187
  • Sep 1, 2022 11:21pm Sep 1, 2022 11:21pm
Just popping in for early afternoon and it looks like a very tight range so far, only about 35 pips. There's nothing for me to enter so I will come back later when Frankfurt opens and see if anything is worth entry.
I am neither brave nor stupid...I am just a part time trader
  • #680,188
  • Sep 1, 2022 11:27pm Sep 1, 2022 11:27pm
Quoting Indiara
Just popping in for early afternoon and it looks like a very tight range so far, only about 35 pips. There's nothing for me to enter so I will come back later when Frankfurt opens and see if anything is worth entry.
indeed, day open and hourly 20 sma as supports for any fresh drop
  • #680,189
  • Sep 1, 2022 11:34pm Sep 1, 2022 11:34pm
Quoting PatienceFx
{quote} indeed, day open and hourly 20 sma as supports for any fresh drop
Yes, day open line is very often a sign of direction for the day, is true
I am neither brave nor stupid...I am just a part time trader
  • #680,190
  • Sep 1, 2022 11:40pm Sep 1, 2022 11:40pm
Quoting Indiara
{quote} Yes, day open line is very often a sign of direction for the day, is true
everything lined up for buying usd, i had no choice

at the the template
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  • #680,191
  • Sep 1, 2022 11:47pm Sep 1, 2022 11:47pm
today's news lineup is excellent for catching 200+ pips
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  • #680,192
  • Sep 1, 2022 11:48pm Sep 1, 2022 11:48pm
it holded for the night and got a bit weaker resistance so if we hit it now next problems starts arount 1.57.. in short period of time… maybe news will help to go up
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  • #680,193
  • Sep 1, 2022 11:59pm Sep 1, 2022 11:59pm
on my trades

  1. cable did nothing - old man
  2. but UJ went up - young man

so net position is positive

  • #680,194
  • Sep 2, 2022 12:00am Sep 2, 2022 12:00am
Indeed yes, I too bullish on xxx/usd At moment, let's see - if eu sessions FAILS to PUSH UP, definitely NFP UP MOVE ON ***/usd
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  • #680,195
  • Sep 2, 2022 12:04am Sep 2, 2022 12:04am
Updated.... If FLIPS down, I got enough MARGIN to hold the position..
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  • #680,196
  • Sep 2, 2022 12:05am Sep 2, 2022 12:05am
i quit both trades for a decent gain
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  • #680,197
  • Sep 2, 2022 12:07am Sep 2, 2022 12:07am
Quoting PatienceFx
i quit both trades for a decent gain {image}
the weekly pivot on both was not looking good
  • #680,198
  • Sep 2, 2022 12:22am Sep 2, 2022 12:22am
Pending [email protected]
Stop @1.1566
  • #680,199
  • Sep 2, 2022 12:25am Sep 2, 2022 12:25am
going long cable @ 1553 for 30 pips , no sl
  • #680,200
  • Sep 2, 2022 12:40am Sep 2, 2022 12:40am
Quoting PatienceFx
going long cable @ 1553 for 30 pips , no sl
Yep kinda almost 40-50 pips in my opinion... But still I don't wanna put TP... I hate it for limited profitability... But let's see if any reversals on pre us open . I close it
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