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Cable Update (GBPUSD)

  • #756,741
  • Jul 7, 2023 9:25am Jul 7, 2023 9:25am
When the candle stick print we would be able to determine if the zone will break or hold. But naturally it was meant to hold because weekly liquidity has been taken below. We are currently at a daily Supply that should drive price below the weekly zone.
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  • #756,742
  • Jul 7, 2023 9:28am Jul 7, 2023 9:28am
GBPAUD played out exactly like I roughly thought it would but my brain didn't follow. :/
Exhausted
  • #756,743
  • Jul 7, 2023 9:35am Jul 7, 2023 9:35am
Quoting BigNumbers
When the candle stick print we would be able to determine if the zone will break or hold. But naturally it was meant to hold because weekly liquidity has been taken below. We are currently at a daily Supply that should drive price below the weekly zone.
Analysis isn't necessary anymore. GBP/USD is going to reach 1.30 next week without any doubt in my mind. When price hits 1.30 then we can start analyzing again. It's over. From 1.30 perhaps we could get retracement to 1.28. We'll see once it gets there.

Big money is already heading up.
All TF's are in uptrend and aligned.
  • #756,744
  • Jul 7, 2023 9:38am Jul 7, 2023 9:38am
Quoting Elysion
GBPAUD played out exactly like I roughly thought it would but my brain didn't follow. :/

just keep practicing very soon your brain will align. It is a play on our emotions. Use 0.01 lot with real money… And take records. I did this at some point in order to over come my fears
My telegram: https://t.me/avidforex
  • #756,745
  • Jul 7, 2023 9:42am Jul 7, 2023 9:42am
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  • #756,746
  • Jul 7, 2023 9:47am Jul 7, 2023 9:47am
Quoting Coreg2004
1.2816-.xx26 for today

my range extension is at 1.2850

i dont have any position though
MY OPINION NOT FINANCIAL ADVISE
  • #756,747
  • Jul 7, 2023 9:51am Jul 7, 2023 9:51am
Take my first short risking 7 pips. From
My telegram: https://t.me/avidforex
  • #756,748
  • Jul 7, 2023 9:54am Jul 7, 2023 9:54am
Quoting BigNumbers
Take my first short risking 7 pips. From
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My telegram: https://t.me/avidforex
  • #756,749
  • Jul 7, 2023 10:01am Jul 7, 2023 10:01am
I always find it so interesting that people try to short such a strong uptrend Personally I am long from 2789, and moved to BE once we broke 2800. I plan to carefully following it at a safe distance all the way to the top. Then I will continue to hold for a potential break out further. I like a nice 'end of week' trade. Have a great weekend everyone... there is a whole world outside.
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Emotional Control. Process, not outcome.
  • #756,750
  • Jul 7, 2023 10:11am Jul 7, 2023 10:11am
Quoting Konichiwhaat
I always find it so interesting that people try to short such a strong uptrend Personally I am long from 2789, and moved to BE once we broke 2800. I plan to carefully following it at a safe distance all the way to the top. Then I will continue to hold for a potential break out further. I like a nice 'end of week' trade. Have a great weekend everyone... there is a whole world outside. {image}
Price are already at premium… because the candles appear very green does not make its a strong uptrend.

Why did you not say when it was at discount and call it a strong uptrend so we know and follow the uptrend. Now deep down in my mind it is now a strong down trend. I don’t want to ever think like a retailer. NOT AGAIN
My telegram: https://t.me/avidforex
  • #756,751
  • Jul 7, 2023 10:15am Jul 7, 2023 10:15am
Quoting Elysion
GBPAUD played out exactly like I roughly thought it would but my brain didn't follow. :/
I took that trade when you called it. It was a nice setup
be a thinker before being a reacter
  • #756,752
  • Jul 7, 2023 10:16am Jul 7, 2023 10:16am
peef i think i need a coffee soon.. its so hard remembering all these numbers
You have an IQ lower than 90 if you interact with this user.
  • #756,753
  • Jul 7, 2023 10:20am Jul 7, 2023 10:20am
Quoting BigNumbers
{quote} Price are already at premium… because the candles appear very green does not make its a strong uptrend. Why did you not say when it was at discount and call it a strong uptrend so we know and follow the uptrend. Now deep down in my mind it is now a strong down trend. I don’t want to ever think like a retailer. NOT AGAIN
I just trade what I (think) I can see. That's all I can do. I trade breaks between certain round numbers. I also keep an eye on EU and UJ price action for a little added USD confirmation. This combined with the slightly negative USD news and the fact that its the end of the week. It just felt right and fitted my plan well. Like you say, what ever it takes.
Emotional Control. Process, not outcome.
  • #756,754
  • Jul 7, 2023 10:23am Jul 7, 2023 10:23am
Seems to be a lot of sellers pushing up the price when volume is low. Maybe there is a massive drop bubbling am not too sure
Insane in the Brain..
  • #756,755
  • Jul 7, 2023 10:25am Jul 7, 2023 10:25am
Quoting BeeTogether
Seems to be a lot of sellers pushing up the price when volume is low. Maybe there is a massive drop bubbling am not too sure
This is a good thought.
You have an IQ lower than 90 if you interact with this user.
  • #756,756
  • Jul 7, 2023 10:27am Jul 7, 2023 10:27am
Again they fuck me at the nfp
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yes yes yes
  • #756,757
  • Jul 7, 2023 10:33am Jul 7, 2023 10:33am
Quoting BigNumbers
Take my first short risking 7 pips. From
stopped out and happy.
My telegram: https://t.me/avidforex
  • #756,758
  • Jul 7, 2023 10:34am Jul 7, 2023 10:34am
Quoting Traderview
Watch out the mentioned prices and the zones. {image}
It didn't work out for the bears, so switched to bulls. Entered @ 1.2759 and closed it 1.2820
And third time the charm from GBPJPY


Done for the week. Any trade opportunities you might see and that could work now, the same thing could also work on Next week.

Trade safe and stay safe.
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  • #756,759
  • Jul 7, 2023 10:36am Jul 7, 2023 10:36am
Quoting Moty
Again they fuck me at the nfp {image}
1.2867 - 1.2875 is theee spot
  • #756,760
  • Jul 7, 2023 10:39am Jul 7, 2023 10:39am
I'm progressively short from 1.24000, my long term target was 1.16000 in the near term which unfortunately has been invalidated. Pound breaking 1.30000 will trigger my margin call. This is my trading style and it's the first time in 4 years that I have been tested to the limit. Now praying for breakeven at 1.26000.
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