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Cable Update (GBPUSD)

  • #756,561
  • Jul 7, 2023 2:13am Jul 7, 2023 2:13am
G/M, wild swings y/day in a >30day adr pip range produced an overall bullish dly candle. A little upside follow thru in Asian session but back in the mini 1hr range (and Asian session range) now that has developed @ top of the pullback from y/day's lo. L\ast day of the week and 59% of 13wk awr traveled so far this week. Could see some decent swings later re U.s NFP.

1hr below.
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Trader with an Edge.
  • #756,562
  • Jul 7, 2023 2:14am Jul 7, 2023 2:14am
Quoting Pat Chiko
NFP Day GBP/USD has made its classic pre-Nonfarm Payroills clear out as the pair sweeps liquidity on both sides of the bulk of this week's range. This war dance perform to trap both side before the major event later today. I'm off for early part of the day/ London session. Will be back to join agian later. Has to run to attennd to my cousin brother, Chris graduation/convocation today. I'm proud of my cousin brother who graduated in Corporate Finance Degree. (Will post some photo later) Meanwhile, this is what GU has establish so far before NFP later....
He is very smart if he can get that degree. It opens doors to so many places.
Will he be the new ECB leader and control all the finances of old Europe?
  • #756,563
  • Jul 7, 2023 2:16am Jul 7, 2023 2:16am
Quoting Waveskierrob
GU will drop massively today ......only joking I haven't a clue...
Even structure wise, i have no clue where this is going.
Only 1 thing showing upward move still in play, is yesterday 4hr BOS, while she went below and produce a bos on 30mins tf yet failed to produce a 4hr downside BOS
More time in the market, does not mean you trade better!
  • #756,564
  • Jul 7, 2023 2:17am Jul 7, 2023 2:17am
I wouldn't be surprised to see 1.2840 today. Previous high and daily R2 there means bulls may want to test it.
  • #756,565
  • Jul 7, 2023 2:20am Jul 7, 2023 2:20am
Quoting Ferna
{quote} On the contrary mr .Bond. Ninner says it might go above 1.30.
Ain't no way we're going 1.3 today.
Last day of the week and we're 300 pips away from it.
In what sense will GU rise 300 pips in a day.

Howeber, next week is another story.
Exhausted
  • #756,566
  • Jul 7, 2023 2:25am Jul 7, 2023 2:25am
Quoting Scotteyy
I wouldn't be surprised to see 1.2840 today. Previous high and daily R2 there means bulls may want to test it.
bro just curious..
yesterday i saw that 28xx too.. but its not today in my opinion..
i saw dxy getting back to its uptrend today..
will NFP strengthen the dollar..
i dunno i may be wrong..
  • #756,567
  • Jul 7, 2023 2:25am Jul 7, 2023 2:25am
...as Pat eluded to in an earlier post, y/day's moves may well have cleared out some stops of those then short and even some tighter stops of those holding long positions.

4hr below
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Trader with an Edge.
  • #756,568
  • Jul 7, 2023 2:27am Jul 7, 2023 2:27am
Quoting silverjazz
{quote} bro just curious.. yesterday i saw that 28xx too.. but its not today in my opinion.. i saw dxy getting back to its uptrend today.. will NFP strengthen the dollar.. i dunno i may be wrong..
I base my targets off average daily range, and pivot levels. 30 day ADR is 91, closest pivot level to that would be R2. This is only valid if we dont break the days low.
  • #756,569
  • Jul 7, 2023 2:29am Jul 7, 2023 2:29am
the dollar i strong today
i am out from long gu , and took short eu
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yes yes yes
  • #756,570
  • Jul 7, 2023 2:33am Jul 7, 2023 2:33am
Highlighting Asia session USDX and Frankfurt/UK session so far. Interesting range in each session.
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  • #756,571
  • Jul 7, 2023 2:35am Jul 7, 2023 2:35am
Quoting Pat Chiko
NFP Day GBP/USD has made its classic pre-Nonfarm Payroills clear out as the pair sweeps liquidity on both sides of the bulk of this week's range. This war dance perform to trap both side before the major event later today. I'm off for early part of the day/ London session. Will be back to join agian later. Has to run to attennd to my cousin brother, Chris graduation/convocation today. I'm proud of my cousin brother who graduated in Corporate Finance Degree. (Will post some photo later) Meanwhile, this is what GU has establish so far before NFP later....
That cousin brother thing really is a brain teaser..
You have an IQ lower than 90 if you interact with this user.
  • #756,572
  • Jul 7, 2023 2:41am Jul 7, 2023 2:41am
Quoting Waveskierrob
{quote} ...for you yes, but for others who possess proper trading skills it's sustainable, but with time ninner if you shut up and listen you too could become a successful trader....,...you're welcome
Arent you using robots or something? automated trading?
Or what strategy you use?
You have an IQ lower than 90 if you interact with this user.
  • #756,573
  • Jul 7, 2023 2:44am Jul 7, 2023 2:44am
Quoting Waveskierrob
GU will drop massively today ......only joking I haven't a clue...
although a decent drop would be nice
Insane in the Brain..
  • #756,574
  • Jul 7, 2023 2:48am Jul 7, 2023 2:48am
Quoting Ferna
{quote} Arent you using robots or something? automated trading? Or what strategy you use?
it's a very complicated system I use, which yields about a 50/50 strike rate ...
  • #756,575
  • Jul 7, 2023 2:48am Jul 7, 2023 2:48am
Wondering will Wimbledon today effect guru
average dude treading water
  • #756,576
  • Edited 3:01am Jul 7, 2023 2:50am | Edited 3:01am
Pa as checked last night, more correction to down and up to proceed! That is shakeout needed in this diamond like swing or to convert in symmetric triangle at last to more confuse , already in a expanding triangle. likely only bearish except if developed symmetrical triangle to try change with every cost.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #756,577
  • Jul 7, 2023 2:57am Jul 7, 2023 2:57am
Quoting Elysion
Not trading GU today due to uncertainties.(Altho I'm with short bias due to Daily chart, NY likely a buy as navk says) Currently shorting GBPAUD, waiting for it to hit my target of 1.916. Been holding since yesterday. (Currently 13 hours into the trade.) Might look into gold for scalping opportunities later.
14 hours+ still counting.
Exhausted
  • #756,578
  • Jul 7, 2023 2:58am Jul 7, 2023 2:58am
2750 is a great wall..if break im pretty sure 1.2800 will be kissed
  • #756,579
  • Jul 7, 2023 3:00am Jul 7, 2023 3:00am
Quoting voeltoez
2750 is a great wall..if break im pretty sure 1.2800 will be kissed
1.2754 before NFP.
but this is just annoying PA to trade for a new order.
  • #756,580
  • Jul 7, 2023 3:00am Jul 7, 2023 3:00am
Quoting voeltoez
2750 is a great wall..if break im pretty sure 1.2800 will be kissed
but now trying focus to kiss 1.2700 first
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