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Cable Update (GBPUSD)

  • #757,261
  • Jul 10, 2023 1:06pm Jul 10, 2023 1:06pm
Quoting Whale
{quote} but how you recognize it?
I like to think of the consolidation as liquidity gathering.

there was consolidation and then a massive down move.

price is making its way back up there so this is my assumption
be a thinker before being a reacter
  • #757,262
  • Jul 10, 2023 1:07pm Jul 10, 2023 1:07pm
Quoting Whale
mommy please make it stop {image}
This is the last rise, as is evident on the eight-hour time frame
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RiyahdOrabi
  • #757,263
  • Jul 10, 2023 1:11pm Jul 10, 2023 1:11pm
Quoting Whale
mommy please make it stop {image}
Go on then ill join you for this one. Short, 1.2847, SL 1.2855, TP 12805. Risking pretty much nothing because im not convinced.
  • #757,264
  • Jul 10, 2023 1:12pm Jul 10, 2023 1:12pm
Quoting Pat Chiko
{quote} Your boat is faster than mine. I only got very small boat. Here's my boat only using wind power with no engine....... Look at the arrow only, that's my boat...{image}
Please, could you edit that picture and place a GREEN arrow pointing to the other arrow that you said is pointing to a boat? 'Cuz I don't see a boat nor an arrow.
To free Gazans of Hamas, use whatever it takes.
  • #757,265
  • Edited 1:27pm Jul 10, 2023 1:16pm | Edited 1:27pm
mutiny on the bounty community DRS. PoliceDepartment DEP (Enhanced Mitigation Experience Toolkit)hearings continue...sniffers r set dietech any tiff...suits prefab clue n glue cgi Ai
  • #757,266
  • Jul 10, 2023 1:16pm Jul 10, 2023 1:16pm
Quoting Wavegarrick
Gu on the edge of a major breakout. Target 1.2920 to 1.30151. Cheers. {image}
Very interesting, specially considering CPI this week, if it comes as lower than the forecast (which has happened the last 3 times), GU could fly over the resistance and make the breakout.

I would expect heavy manipulation previous to that move though, there is still buyside liquidity at this level, unclosed FVG's in the 1 hour, and the market sentiment is 66% on the short. Maybe MMs take the early longers first and if that aligns with a lower CPI on wednesday i'd expect the breakout to follow. I have already placed some buy limits below the weekly pivot.
  • #757,267
  • Jul 10, 2023 1:17pm Jul 10, 2023 1:17pm
Beware of the triple flipped hammer sign on the dollar!
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You have an IQ lower than 90 if you interact with this user.
  • #757,268
  • Jul 10, 2023 1:18pm Jul 10, 2023 1:18pm
Quoting boodvah
{quote} well its just my guess but {image}
I agree with that being a potential order block liquidity area but I don't know if I want to trade it due to every single damn time frame being on an uptrend I think it will potentially go straight through it
  • #757,269
  • Jul 10, 2023 1:20pm Jul 10, 2023 1:20pm
Quoting Rmg
Bullish signs allover again.
This was a great opportunity to take Long today on GBP/USD. I was waiting for H4 to leave a wick down and then I would have bought, but H4 left without creating a wick. It happens...

I was mainly paying attention to Yen, because it seems we are getting a hefty retracement on Yen pairs this Week finally (or Month).
  • #757,270
  • Jul 10, 2023 1:23pm Jul 10, 2023 1:23pm
So, GBP/USD is to make it to 1.30 this Week? You all agree that CPI Y/Y has to come at 3% or less for USD to tank on Wednesday? I'm so eagerly waiting for these CPI numbers...
  • #757,271
  • Jul 10, 2023 1:24pm Jul 10, 2023 1:24pm
Quoting TheWraith
{quote} This was a great opportunity to take Long today on GBP/USD. I was waiting for H4 to leave a wick down and then I would have bought, but H4 left without creating a wick. It happens... I was mainly paying attention to Yen, because it seems we are getting a hefty retracement on Yen pairs this Week finally (or Month).
Been looking at yen recently aswell, managed to capture about half of the move down on USD/JPY today. Trading it with caution though as I'm bullish overall. Looking at 140.00 area to restart the move up but will wait for a daily bullish candle before considering longs, yen pairs are crazy.
  • #757,272
  • Jul 10, 2023 1:25pm Jul 10, 2023 1:25pm
Quoting Moty
I don''t believe price will break 1.28500
it will dude, question is how far up will it go… data tomorrow could restrain it
Insane in the Brain..
  • #757,273
  • Jul 10, 2023 1:28pm Jul 10, 2023 1:28pm
Quoting GEfx
This was my first trading day with this thread. I didn't do a very good job with entering contemporaries trade information. Sorry about that. I will try to get ahead of trades from here going forward. As you guys know, trading and trade reporting can be challenging as PA is unfolding in front of us. I'm done for today and will try to meet Peter here tomorrow morning.
Just open a Trade Exploer and every trade can be available for scrutiny by anyone that is interested.
To free Gazans of Hamas, use whatever it takes.
  • #757,274
  • Edited 2:58pm Jul 10, 2023 1:28pm | Edited 2:58pm
Quoting DrDave
{quote} Please, could you edit that picture and place a GREEN arrow pointing to the other arrow that you said is pointing to a boat? 'Cuz I don't see a boat nor an arrow.
wyhEARiwyg silent KABAAL
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  • #757,275
  • Jul 10, 2023 1:30pm Jul 10, 2023 1:30pm
Quoting Scotteyy
{quote} Been looking at yen recently aswell, managed to capture about half of the move down on USD/JPY today. Trading it with caution though as I'm bullish overall. Looking at 140.00 area to restart the move up but will wait for a daily bullish candle before considering longs, yen pairs are crazy.
Yeah, if these next Daily candles fail to close above 140.000, USD/JPY is probably taking a dive. Extremely Bearish on USD by looking at the charts with all the pairs including US Dollah. It looks so weak like it's the next Yen.

140.000 has to hold before even thinking about going Long, because we might be catching knives.
  • #757,276
  • Jul 10, 2023 1:33pm Jul 10, 2023 1:33pm
Quoting TheWraith
{quote} Yeah, if these next Daily candles fail to close above 140.000, USD/JPY is probably taking a dive. Extremely Bearish on USD by looking at the charts with all the pairs including US Dollah. It looks so weak like it's the next Yen.
It's a fair point, maybe I should be looking at other yen pairs. Been trying to avoid having a million pairs to look through though.
  • #757,277
  • Edited 2:19pm Jul 10, 2023 1:36pm | Edited 2:19pm
Quoting Wavegarrick
{quote} Hi Guys, I am looking for a possible rejection off 1.07500 from 4hr perspective as I am setting up for full buy confirmation signals. Trade safe, Cheers. {image}
Hi Scottey,
Quote
Those buy trades at the bottom, crazy stuff.
I don't know how to link your post with mine, anyway,
If you look at my post above from round about 21 Sept 2022 and on wards you will see the trials and tribulations I have gone through to get to this stage. As crazy as it may seem, it is achievable and don't let anyone tell you otherwise.
I am getting messages to send pdf's and so forth about my strategy. I don't have any. I have simply refined my exit strategy in the years. The most important is to take profit on your weaker trades and lock the best trades in. These are usually at previous day, weekly or monthly low/highs,
Cheers.
The point of no return where fundamentals have no value and momentum takes over simply called trending.
Cheers.
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Trade to trade another day
  • #757,278
  • Jul 10, 2023 1:39pm Jul 10, 2023 1:39pm
PEEF!! THAT SLIPPPAGE!!!
You have an IQ lower than 90 if you interact with this user.
  • #757,279
  • Jul 10, 2023 1:40pm Jul 10, 2023 1:40pm
To the MOON WE GO!!!!!!!
You have an IQ lower than 90 if you interact with this user.
  • #757,280
  • Jul 10, 2023 1:40pm Jul 10, 2023 1:40pm
Quoting Scotteyy
{quote} Go on then ill join you for this one. Short, 1.2847, SL 1.2855, TP 12805. Risking pretty much nothing because im not convinced.
Out down 0.1%, told you I wasn't convinced...
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