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Cable Update (GBPUSD)

  • #755,781
  • Jul 4, 2023 7:21am Jul 4, 2023 7:21am
Quoting Georginson
{quote} Hello mate, shorting this pair is not a bad idea, the only issue here is price may attain 1.28 yet again before dropping but it's forex where anything can happen.
Oh good! There's actually a chance I could make some money...
Tall tails tell tales.
  • #755,782
  • Jul 4, 2023 7:23am Jul 4, 2023 7:23am
Quoting Scotteyy
{quote} Id argue even 1H and 4H aren't too clear. Go higher, look at daily and weekly. They both look super bullish to me. Of course, we can't always be right. But this is what I see.
Great post and that's how we should move forward in trading.
Weekly/Daily is a must. The rest of LTF is just to fine tune the N3

Thanks fro the post.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #755,783
  • Jul 4, 2023 7:24am Jul 4, 2023 7:24am
Quoting dempire1
GU seems bearish.

Started to build up shorts. Looking to reach 1.266 area.
How to succeed in zero sum game?
  • #755,784
  • Jul 4, 2023 7:27am Jul 4, 2023 7:27am
Quoting Fardeen1209
{quote} A close below that RSF level, that mitigated Demand Zone not going to stop the drop in US dollar. The Next Demand Zone is my target. {image} Daily looks Bearish as for Weekly also formed a bearish candle last week FOMC min could be dovish tomorrow and hence not helping to lift the dollar Just my 3 cents analysis.
I am a little confused. Are you are suggesting a weaker USDX and a bearish GU?
  • #755,785
  • Edited 7:42am Jul 4, 2023 7:31am | Edited 7:42am
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  • #755,786
  • Jul 4, 2023 7:36am Jul 4, 2023 7:36am
Quoting Pat Chiko
{quote} Great post and that's how we should move forward in trading. Weekly/Daily is a must. The rest of LTF is just to fine tune the N3 Thanks fro the post.
I appreciate it Pat, you are a solid trader in my eyes and someone I appreciate the views of. I'm always learning and its only recently I've started to look at higher timeframes for my bias. I'm slowly coming to the realisation that, for me, more consistent profit is to be made from trading on a longer timeframe. Too much noise in these lower timeframes.
  • #755,787
  • Jul 4, 2023 7:38am Jul 4, 2023 7:38am
Quoting Pat Chiko
{quote} I copy you.............{image}
GOLD

as always, very interesting instrument and robust to trade.
Taken partial profit and if price break the significant resistance we may see 1950 in near future
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #755,788
  • Jul 4, 2023 7:56am Jul 4, 2023 7:56am
US Bank Holiday

Since it is a US bank holiday, expect the market to remain calm for the rest of the day.
It's a good time for married men in this thread to think about one of the seven wonders of the world.
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Maybe we know.
We just pretend otherwise.
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Take a break, take your wife for nice dinner tonight,
Market is not going anywhere soon.

Have a great holiday all.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #755,789
  • Jul 4, 2023 8:00am Jul 4, 2023 8:00am
Quoting dantpm
{quote} I am a little confused. Are you are suggesting a weaker USDX and a bearish GU?
Nahh posted GU bias Up 5 hrs ago.
More time in the market, does not mean you trade better!
  • #755,790
  • Jul 4, 2023 8:00am Jul 4, 2023 8:00am
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  • #755,791
  • Jul 4, 2023 8:00am Jul 4, 2023 8:00am
Quoting donfriday
I expect Gu to rally back above 1.2750 in 3 days failure of close above 1.2750 will target price back to preceding Level 1.25

easy money
MY OPINION NOT FINANCIAL ADVISE
  • #755,792
  • Jul 4, 2023 8:06am Jul 4, 2023 8:06am
Let's go
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yes yes yes
  • #755,793
  • Jul 4, 2023 8:07am Jul 4, 2023 8:07am
Quoting voeltoez
still flat..both eu and gu..waiting break wall top or bottom to start trending {image}
SL hit!!
Done today..time for family
  • #755,794
  • Edited 8:54am Jul 4, 2023 8:08am | Edited 8:54am
Quoting dempire1
{quote} Started to build up shorts. Looking to reach 1.266 area.
Edit:
longer term look out would Be 1.260 area.
Long term means by the end of this week
How to succeed in zero sum game?
  • #755,795
  • Jul 4, 2023 8:08am Jul 4, 2023 8:08am
Quoting Bella.al
{quote} Date : 04/07/2023 GMT Time : 04:56 AM Came back after almost 8 Hours and nothing much has changed since. Price Action : Bullish since : 30.06.2023 Require to break and hold above : 1.27220 Bella's Support : 1.26656 Bella's Blue {image}
Time GMT : 13:02

It is time to adjust my trailing stop , stop loss moved to 1.26990 Locked +9 Pips

Bella's Blue (Beta ver 1.7 )
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Goddess of Thunder..
  • #755,796
  • Jul 4, 2023 8:14am Jul 4, 2023 8:14am
Quoting Whale
1.2738 first, later will wait for bears {image}
hit.

i looking for short to below 1.258
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  • #755,797
  • Jul 4, 2023 8:17am Jul 4, 2023 8:17am
Quoting Moty
{image}
Well done Moty
  • #755,798
  • Jul 4, 2023 8:18am Jul 4, 2023 8:18am
….”If you’re not seeing changes in your level of anxiety as a trader it means you’re not improving” or you haven’t acquire the right knowledge!

One important thing to show that you’re improving as a trader is depletion in your level anxiety from time to time. I remember when I first started trading whenever I place a trade I’ll allow my stop to get hit and never my tp as I’ll close my trade as soon as I start seeing small profit because the market will always pull back& front to play on intelligence and that would prompt me to quickly close my trade. Let me tell you something, the market will never travel in a straight line.

One day I took a trade, close my PC and I said to myself, I’ll open it at the end of the London session and when I did I saw my tp hit, I repeated the process and I saw improvement which actually help my emotional growth. I’m dropping this here so you understand how emotion play an important role in trading.

A friend of mine is trading with just the 50ma and he’s a profitable trader because he understands the emotion that comes with trading the 50 Ma. When he sees draw down he’ll tell me don’t worry, price will come back. Most of the traders here are good but they haven’t posses the “trade emotion”

Before you talk about emotions, you must have acquire some knowledge about trading and practicalize it on the chart, I’m not talking about newbie
My telegram: https://t.me/avidforex
  • #755,799
  • Jul 4, 2023 8:18am Jul 4, 2023 8:18am
I saw lot of us looking way to short GU right now.
any analysis or something like chart?
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  • #755,800
  • Jul 4, 2023 8:29am Jul 4, 2023 8:29am
Quoting GODofMC
I saw lot of us looking way to short GU right now. any analysis or something like chart?
it was me a few candle ago..
ya the reason i took short is the dxy is uptrend and cable is on resistance..
surely it gone wrong, and i took loss
looking for buy right now
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