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Cable Update (GBPUSD)

  • #681,421
  • Sep 6, 2022 1:24pm Sep 6, 2022 1:24pm
This is a retracement, trend remains down
  • #681,422
  • Sep 6, 2022 1:24pm Sep 6, 2022 1:24pm
Quoting Wavegarrick
{quote} Navk Never let wrong calls get you down. This is part of the game. Whoever says that must look somewhere else. It is how you survive the wrong calls that make you a good trader. Cheers.


#Navk
ignore the opinions of people on the internet
  • #681,423
  • Sep 6, 2022 1:24pm Sep 6, 2022 1:24pm
Quoting Abeeha
Just close my all short now waiting for good buy opportunity
IMO, it is going to be bearish close.

I do not expect a buy call before testing S1 tomorrow.

Though, I have nothing to trade until friday.

Only Monday i start trading again.

I will be watching charts though with interest.
Intraday only.
  • #681,424
  • Sep 6, 2022 1:25pm Sep 6, 2022 1:25pm
Quoting navk
{quote} IMO, it is going to be bearish close. I do not expect a buy call before testing S1 tomorrow. Though, I have nothing to trade until friday. Only Monday i start trading again. I will be watching charts though with interest.
yes i exited
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  • #681,425
  • Sep 6, 2022 1:30pm Sep 6, 2022 1:30pm
Quoting navk
{quote} IMO, it is going to be bearish close. I do not expect a buy call before testing S1 tomorrow. Though, I have nothing to trade until friday. Only Monday i start trading again. I will be watching charts though with interest.
Thanks brother for instruction. I am also looking at chart any thing below 1.1500 will b a good buy i will start building buys below the level.
  • #681,426
  • Sep 6, 2022 1:31pm Sep 6, 2022 1:31pm
Still going with my plan. Hopefully drop tomorrow then up EOW. Dont follow if you dont have a good grasp on risk, i get plenty wrong
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  • #681,427
  • Sep 6, 2022 1:37pm Sep 6, 2022 1:37pm
Quoting T721
Still going with my plan. Hopefully drop tomorrow then up EOW. Dont follow if you dont have a good grasp on risk, i get plenty wrong {image} {image}
tricky...i think i would rather wait and watch
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  • #681,428
  • Sep 6, 2022 1:40pm Sep 6, 2022 1:40pm
Quoting buffedmage
{quote} tricky...
it is at these levels, this sumbitch could turn up any time, specially with any News release wich is why i advise a Shitloada Caution

The easy part of this structure is done, now as buffedmage said were in the Tricky part
  • #681,429
  • Sep 6, 2022 1:44pm Sep 6, 2022 1:44pm
Quoting Waveskierrob
{quote} Added BUY 1.1513 no tp no sl
Closed BUY 1.1527 + 14 pips
  • #681,430
  • Sep 6, 2022 1:48pm Sep 6, 2022 1:48pm
Quoting T721
{quote} it is at these levels, this sumbitch could turn up any time, specially with any News release wich is why i advise a Shitloada Caution The easy part of this structure is done, now as buffedmage said were in the Tricky part
as it may either go up or down ..hard to say now
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  • #681,431
  • Sep 6, 2022 1:50pm Sep 6, 2022 1:50pm
SHORT 1.1523 no tp no sl
  • #681,432
  • Sep 6, 2022 2:01pm Sep 6, 2022 2:01pm
We have very smart people from all over the world here, with a background and success in many fields, and I would never insult their intelligence by pulling the wool over their eyes.
Just a general comment and the chart.
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Always trade your own plan...I don't provide trading signals.
  • #681,433
  • Sep 6, 2022 2:07pm Sep 6, 2022 2:07pm
cheers everyone , night here ...gtg...cya tomorrow
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  • #681,434
  • Sep 6, 2022 2:24pm Sep 6, 2022 2:24pm
Usdchf short at 0.98470
  • #681,435
  • Sep 6, 2022 2:31pm Sep 6, 2022 2:31pm
Quoting ScalaFX
Short UJ 142.90 no to no sl
Protected
People don't plan to lose. They lose because they don't plan.
  • #681,436
  • Sep 6, 2022 3:00pm Sep 6, 2022 3:00pm
Quoting T721
Still going with my plan. Hopefully drop tomorrow then up EOW. Dont follow if you dont have a good grasp on risk, i get plenty wrong {image} {image}
LT builds a new cabinet.
Interesting to see how this proposal will move the trade -
"The BBC understands the annual price cap on household energy bills could be capped at around £2,500 - costing the government billions"

Bit of help to households but where this money will come from? Budged is already drained, perhaps from energy companies?
  • #681,437
  • Sep 6, 2022 3:01pm Sep 6, 2022 3:01pm
Quoting Coreg2004
We have very smart people from all over the world here, with a background and success in many fields, and I would never insult their intelligence by pulling the wool over their eyes. Just a general comment and the chart. {image}
That's an interesting analysis; thanks for posting it..

I look at a bit higher TFs, and from your latest high at (b) to everything after it, I put into a single H2 pullback wave and likely starting the H4 pullback as well. So this has retraced adequately and with sufficient wave structure on M30 that the up continuation can begin. I am simply watching the smaller TFs for confirmation of either the pullback extending a bit further down or for the up continuation to be underway.
To free Gazans of Hamas, use whatever it takes.
  • #681,438
  • Sep 6, 2022 3:03pm Sep 6, 2022 3:03pm
Quoting Jolita
{quote} LT builds a new cabinet. Interesting to see how this proposal will move the trade - "The BBC understands the annual price cap on household energy bills could be capped at around £2,500 - costing the government billions" Bit of help to households but where this money will come from? Budged is already drained, perhaps from energy companies?
but where this money will come from?

The UK government doesn't have printing presses like the US does to simply print money whenever government coffers begin to run dry?
To free Gazans of Hamas, use whatever it takes.
  • #681,439
  • Sep 6, 2022 3:05pm Sep 6, 2022 3:05pm
Quoting Coreg2004
We have very smart people from all over the world here, with a background and success in many fields, and I would never insult their intelligence by pulling the wool over their eyes. Just a general comment and the chart. {image}
From your chart analysis are you saying it'll go bullish?
  • #681,440
  • Sep 6, 2022 3:06pm Sep 6, 2022 3:06pm
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