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Cable Update (GBPUSD)

  • #681,341
  • Sep 6, 2022 9:04am Sep 6, 2022 9:04am
Quoting Chris_35
{quote} Thank you you for your input Tony but it seems to me me all the bullish moves have come about maybe because of the US holiday yesterday. It wouldn't surprise me if New York makes it look bullish and then go the complete reverse and sends the bears in strongly. My fingers are crossed for that outcome
Hhhhh hopefully your not drowning now ! The news took my trailng sl,,,, happy trading
I live in the future
  • #681,342
  • Sep 6, 2022 9:05am Sep 6, 2022 9:05am
Quoting Indiara
{quote} Now trade is protected +10

I closed manually 1 minute before the news for +40 pips. I didn't want to risk the news so I'm happy with the outcome. Not so happy with my entries today though. I need to be stronger to my plan

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 95 KB
I am neither brave nor stupid...I am just a part time trader
  • #681,343
  • Sep 6, 2022 9:05am Sep 6, 2022 9:05am
Touch down guy ran away?
How to succeed in zero sum game?
  • #681,344
  • Sep 6, 2022 9:06am Sep 6, 2022 9:06am
Quoting dempire1
Touch down guy ran away?
Blank and Empty
  • #681,345
  • Sep 6, 2022 9:09am Sep 6, 2022 9:09am
This is what happens when Asia was big rise than usual.
Intraday only.
  • #681,346
  • Sep 6, 2022 9:10am Sep 6, 2022 9:10am
Quoting PatienceFx
{quote} daily chart rsi & macd are both momentum indicators sma is trend indicator still bearish {image}
Thanks so much for this reply! I made my analysis on monthly and weekly basis and noticed that price reached one of the major support line and got rejected! My perspective in that was to do not expect further fall on GU,,also in daily time perspective the price was on confluence level! And on 4hr there was a channel! Just like i said i might be wrong! But let's give it a time.
I live in the future
  • #681,347
  • Sep 6, 2022 9:10am Sep 6, 2022 9:10am
Quoting navk
This is what happens when Asia was big rise than unusual.
perhaps just an another ranging day
Blank and Empty
  • #681,348
  • Sep 6, 2022 9:11am Sep 6, 2022 9:11am
Quoting Reverso
With the news spike just now, price touched my daily pivot today which is located way down, today is a heavy sell day. I am looking to buy if price gave me a V shape recovery, bounce upwards from my daily pivot and unable to break below it. {image}
i think it needed to touch 1150 again to make a move up over 11650 the question is will it or will the pair just plummet once again
Insane in the Brain..
  • #681,349
  • Sep 6, 2022 9:12am Sep 6, 2022 9:12am
Quoting buffedmage
{quote} perhaps just an another ranging day
Some retrace close to 1540/50 possible then drop again.

Long way for NY close
Intraday only.
  • #681,350
  • Sep 6, 2022 9:12am Sep 6, 2022 9:12am
yo-yo moves
Blank and Empty
  • #681,351
  • Sep 6, 2022 9:13am Sep 6, 2022 9:13am
Quoting Indiara
{quote} I closed manually 1 minute before the news for +40 pips. I didn't want to risk the news so I'm happy with the outcome. Not so happy with my entries today though. I need to be stronger to my plan {image}
I think you traded well. You accessed the outcome and reacted. I did the exact same small loss. If the news would have been bad, you'd have lost 40 pips. I'm back in targeting the lows as the news was good for the dollar.

The Large 1day bull candle yesterday was also a worry for me.
Don't trade what you think. Just what you see!!!
  • #681,352
  • Sep 6, 2022 9:14am Sep 6, 2022 9:14am
Gbpusd will retrace again from this level before it sells down to a new low
  • #681,353
  • Sep 6, 2022 9:14am Sep 6, 2022 9:14am
Is late for me as I have to get up early in the morning. I would like to call in for Tokyo time, but I don't think I can make it then. I hope everyone does well for the rest of the market. Nighty
I am neither brave nor stupid...I am just a part time trader
  • #681,354
  • Sep 6, 2022 9:15am Sep 6, 2022 9:15am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 10 KB
yes yes yes
  • #681,355
  • Sep 6, 2022 9:15am Sep 6, 2022 9:15am
Gold long tp 1714
  • #681,356
  • Sep 6, 2022 9:16am Sep 6, 2022 9:16am
Quoting BeeTogether
{quote} i think it needed to touch 1150 again to make a move up over 11650 the question is will it or will the pair just plummet once again
The news candle closed with a long down wick, buyers stepping in, now i am just waiting for a confirmation to see if price can close above the previous candle's open, then i will go long.

your 1150 means 1.15? if yes, we touched slightly below that and reversed up quite strongly
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  • #681,357
  • Sep 6, 2022 9:16am Sep 6, 2022 9:16am
Quoting navk
This is what happens when Asia was big rise than usual.
I've noticed this pattern recently.
Don't trade what you think. Just what you see!!!
  • #681,358
  • Sep 6, 2022 9:17am Sep 6, 2022 9:17am
Quoting voeltoez
short with tp 1.1500 {image}
closed all..happy pips today.
  • #681,359
  • Sep 6, 2022 9:17am Sep 6, 2022 9:17am
Quoting Theoak
{quote} I think you traded well. You accessed the outcome and reacted. I did the exact same small loss. If the news would have been bad, you'd have lost 40 pips. I'm back in targeting the lows as the news was good for the dollar. The Large 1day bull candle yesterday was also a worry for me.

Thank you

Yes, I was aware that I could risk my 40 pips to try to gain 10 more to my target so I decided to take the 40 on offer and not be greedy.

Green pips for you
I am neither brave nor stupid...I am just a part time trader
  • #681,360
  • Sep 6, 2022 9:18am Sep 6, 2022 9:18am
Quoting Reverso
{quote} The news candle closed with a long down wick, buyers stepping in, now i am just waiting for a confirmation to see if price can close above the previous candle's open, then i will go long. your 1150 means 1.15? if yes, we touched slightly below that and reversed up quite strongly
What timeframe is that candle on Bud!!!
Don't trade what you think. Just what you see!!!
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