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Cable Update (GBPUSD)

  • #755,941
  • Jul 5, 2023 12:29am Jul 5, 2023 12:29am
1.27740 potential price for reversal. Beyond that, price should continue to 1.30.
  • #755,942
  • Jul 5, 2023 12:32am Jul 5, 2023 12:32am
Quoting imjoshbrown
I was trying to locate a GBPJPY chat but forex factory would only show me posts referring to GJ on here. If you know a better home for this post, please let me know. Here's my analysis on GJ's movement yesterday. {image}
There is a forum called Dragon Riders I believe for GBP/JPY.
Nice chart!

https://www.forexfactory.com/thread/...-riders-gbpjpy
  • #755,943
  • Jul 5, 2023 12:33am Jul 5, 2023 12:33am
Quoting TheWraith
{quote} There is a forum called Dragon Traders I believe for GBP/JPY.
Thanks! I moved it over.
Discouragement is the language of the devil. Results over hype.
  • #755,944
  • Jul 5, 2023 12:49am Jul 5, 2023 12:49am
Quoting Bella.al
{quote} Update : Saved by few pips , Bella's Support : 1.26990 still protecting my Trailing Stop . Bella's Blue {image}
My Trailing Stop was hit +9 Pips.

Going back to work on Bella's Fair Value Analysis ... back to my Lab.

Bella
Goddess of Thunder..
  • #755,945
  • Jul 5, 2023 12:59am Jul 5, 2023 12:59am
the skeleton h4 tf , now competing close 2704 , hold or not , not , then abounce try at 2684 before down for close 2669 , bottom test/ price low below 2657/50 likely then . otherwise price over 2682 bounce to previous high and more possible . so good support 2695/84 or weak at 2649.take care
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #755,946
  • Jul 5, 2023 1:02am Jul 5, 2023 1:02am
GU
Down Swing Structure still Intact, as yesterday failed to Break above 1.275 Level. (hence LH produced)
Mini uptrend also still play, Trendline BO + RT
Previous Daily Candle - HH & HL
Attached Image (click to enlarge)
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Break below 1.2845, produced a LL and valid MSS and confirming the Down Swing, which could become a new trend.

Still Long, Waiting 1.2845 level to be broken which is also my Invalidation level to my longs. Then to switch to shorts at To-be QM and 0.5% fib level
More time in the market, does not mean you trade better!
  • #755,947
  • Jul 5, 2023 1:13am Jul 5, 2023 1:13am
Quoting Fardeen1209
GU Down Swing Structure still Intact, as yesterday failed to Break above 1.275 Level. (hence LH produced) Mini uptrend also still play, Trendline BO + RT Previous Daily Candle - HH & HL {image} Break below 1.2845, produced a LL and valid MSS and confirming the Down Swing, which could become a new trend. Still Long, Waiting 1.2845 level to be broken which is also my Invalidation level to my longs. Then to switch to shorts at To-be QM and 0.5% fib level
Orders at 1.27 are collected and price was stalling here, however we had a break of this level with former larger H4 candle on the chart and this could be seen as simple retest now and up we go near 1.2775.

One catalyst which can make price not go up as much or at all is worse than forecasted data from China.
  • #755,948
  • Jul 5, 2023 1:24am Jul 5, 2023 1:24am
Quoting dempire1
{quote} hahaha you realise that the guy uses multiple laptops and pre records both side of the market? Don't believe me, check this out: https://www.youtube.com/watch?v=ta_g_XKGLTg Look for yourself how you've been fooled. There's plenty of evidence without bullshit on the channel. On this vid you can start from 15:50 if you don't wanna listen whole video.
you realize alot of youtubers really need attention/shock to sell their shit?

How long did it take you to search to find these boat-people?
Worst kind of people who make stuff up and can’t even show a straight face so they film their back instead.
You have an IQ lower than 90 if you interact with this user.
  • #755,949
  • Jul 5, 2023 1:24am Jul 5, 2023 1:24am
Quoting TheWraith
{quote} Orders at 1.27 are collected and price was stalling here, however we had a break of this level with former larger H4 candle on the chart and this could be seen as simple retest now and up we go near 1.2775.
Could be with higher probability.
Was analyzing US dollar, it retreat on the 2nd time back from the mititgated OB, after a valid external BOS (4hr), USD bulls still in play, but with narrow range candle.

However, at 1hr supply rejection candle is formed, which could be Bullish for GU.
Attached Image (click to enlarge)
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Expecting for FOMC to be quite dovish tonight. But any indication for future 2 more hike, could lift the dollar temporarily.

Could be wrong.
More time in the market, does not mean you trade better!
  • #755,950
  • Jul 5, 2023 1:43am Jul 5, 2023 1:43am
Frankfurt took Asian Low and 1hr Demand Zone
Everything pointing Towards
More time in the market, does not mean you trade better!
  • #755,951
  • Jul 5, 2023 2:02am Jul 5, 2023 2:02am
G/M, a U.s Bank Holiday sub 30 day adr move up y/day resulting in 3rd successive bullish dly candle with a 2739 hi. The p/back has found a current dly lo just below the Asian lo @ bottom of the dly/4hr part of the prev minor dly/4hr/1hr sw hi zone that began @ 2728 = prev res = pot rbs / 50% fib of one of the major sw lo's up to y/day's hi move.

1hr below.
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Trader with an Edge.
  • #755,952
  • Jul 5, 2023 2:11am Jul 5, 2023 2:11am
Quoting GODofMC
trying luck mini scalp {image}
still hold but not sure it will goes to TP, might close as long as profit
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Dam my hand got tremored(shaking uncontrolable) and closed right away (as per usual, if my hand shaking during profit mostly will hover near TP, but let just see)
to much lot and adding under for 4x lot. Some werr closed at 1.2708ish
Attached Image (click to enlarge)
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #755,953
  • Jul 5, 2023 2:12am Jul 5, 2023 2:12am
Expecting to see R2 (1.2770) minimum today. Could see higher volume due to US holidays past days.
  • #755,954
  • Jul 5, 2023 2:15am Jul 5, 2023 2:15am
Sold 1.2719 SL 1.2750
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #755,955
  • Jul 5, 2023 2:16am Jul 5, 2023 2:16am
hhhmmm guess im missing the train..
watching and watching
  • #755,956
  • Jul 5, 2023 2:20am Jul 5, 2023 2:20am
come on round numbers
from 184 to 183
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yes yes yes
  • #755,957
  • Jul 5, 2023 2:25am Jul 5, 2023 2:25am
Quoting silverjazz
hhhmmm guess im missing the train.. watching and watching
Funny how it is a train if you have the right entry point and a falling knife if you don't!
  • #755,958
  • Jul 5, 2023 2:26am Jul 5, 2023 2:26am
...like the Asian lo, price popped just above it to start of a prev 30min sw hi zone @ current dly hi. If the market is looking to trigger stops they'd be 'tight' ones?

1hr below
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Trader with an Edge.
  • #755,959
  • Jul 5, 2023 2:27am Jul 5, 2023 2:27am
NY session should be wild today because yesterday was holiday.

Took EURUSD trade instead and held for 3 hours.
Skedaddle for +20 ~ 35 pips.

Price seemingly forming a potential H&S in H4 tf.
For GU.
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Exhausted
  • #755,960
  • Jul 5, 2023 2:29am Jul 5, 2023 2:29am
If the Algo is willing to drive price and trade above the 6 months liquidity pools @1.26977 … then I’m seeing 1.3033 swiftly and then 1.32500
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