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Cable Update (GBPUSD)

  • #757,781
  • Jul 12, 2023 3:55am Jul 12, 2023 3:55am
Especially when a very high impact news round the corner, no technical works.

Warning.
Intraday only.
  • #757,782
  • Jul 12, 2023 4:05am Jul 12, 2023 4:05am
hello people what do u think of the usd news??
  • #757,783
  • Jul 12, 2023 4:05am Jul 12, 2023 4:05am
Quoting navk
{quote} I am not giving you or neither want you to do. But... the theory is if asian low broke from r1 means.. sell day. Provided the asian high is not broken after news.
It should be sell, but data messes that up. Theoretically Monday should have been a full on dell day too but again data and news sent that up.
Insane in the Brain..
  • #757,784
  • Jul 12, 2023 4:06am Jul 12, 2023 4:06am
Quoting eliudyy00
hello people what do u think of the usd news??
I expect something to happen
More time in the market, does not mean you trade better!
  • #757,785
  • Jul 12, 2023 4:09am Jul 12, 2023 4:09am
Quoting BeeTogether
{quote} It should be sell, but data messes that up. Theoretically Monday should have been a full on dell day too but again data and news sent that up.
I believe retail traders trying to short GU sent the price up on Monday! There was no incentive for big banks to move or lead price in any direction. That and an overall bias to move the US$ lower.
  • #757,786
  • Jul 12, 2023 4:09am Jul 12, 2023 4:09am
Quoting Fardeen1209
{quote} I expect something to happen
will the news outcome be negative ???
  • #757,787
  • Jul 12, 2023 4:12am Jul 12, 2023 4:12am
Quoting eliudyy00
{quote} will the news outcome be negative ???
Whether it is positive or negative not really matter.
Market reaction is more important than the data.

On a serious note, i expect a spike up first then down(for GU and Gold)

Overall expecting a bearish daily candle close.
More time in the market, does not mean you trade better!
  • #757,788
  • Jul 12, 2023 4:14am Jul 12, 2023 4:14am
Took my short off the table due to the fact this is the area where we may see some buying.
  • #757,789
  • Jul 12, 2023 4:19am Jul 12, 2023 4:19am
This is the way to make eight 10:s pips trades
From 50 pips drop
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yes yes yes
  • #757,790
  • Jul 12, 2023 4:21am Jul 12, 2023 4:21am
Quoting ScalaFX
short opened GU 2950, pendings 2970, 2990, 3010, building medium term
partials taken, rest protected, I wonna sell higher, lets see where price can bounce more to get better price
People don't plan to lose. They lose because they don't plan.
  • #757,791
  • Jul 12, 2023 4:21am Jul 12, 2023 4:21am
Yes yes yes
I'm in profit !!!!
After being in a 275$ floating loss
55 pipa come back from the high of the day
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yes yes yes
  • #757,792
  • Jul 12, 2023 4:21am Jul 12, 2023 4:21am
On the sidelines right now and waiting until CPI is announced. I am liking the GBP/USD pullback (and the pause in the USD/JPY), but I'm watching, not trading, right now. BOC is also up today. May add the USD/CAD, as it has returned to an important price level. Good trading everyone!
  • #757,793
  • Jul 12, 2023 4:26am Jul 12, 2023 4:26am
Quoting voeltoez
{quote} my 2nd sell opened...lets down to 1.2810 first {image}
closed all 1.2813.. enough...not trade news... good luck all..
  • #757,794
  • Jul 12, 2023 4:29am Jul 12, 2023 4:29am
NEXT Station 1.30
Lost in Narrative
  • #757,795
  • Edited 5:36am Jul 12, 2023 4:32am | Edited 5:36am
Quoting voeltoez
{quote} closed all 1.2813.. enough...not trade news... good luck all..
mine's @1.21972. It has just break even. i'll hold to see if my reading of the chart iz on the spot.

pair is oversold since yesterday on the daily. Weekly and monthly has been oversold for some time now.
"No trade is still a trade." - Peter Borish
  • #757,796
  • Jul 12, 2023 4:51am Jul 12, 2023 4:51am
Quoting Bella.al
{quote} it is time to update my Trailing : stop moved : 1.29554 Locked +1 pips Looking for Price Objective 1 : 1.28845 Bella's Blue {image}

Ok, disabled all pivots and levels and now just using Projections and Bella's Stop Levels.

at this point i am +1 Pip Trailing , looking for the said Objective 1: 1.28845

Notice : the Price Action Analysis now shows reversal date which is (12/07/2023 ) taken from 'Bella's Date forecasting' , so half the features went to "Bella's Fair value analysis and half to Bella's Price Action. ( waiting for Blue's v1.7 G )

Bella's Blue ( v1.7 F )
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Goddess of Thunder..
  • #757,797
  • Jul 12, 2023 4:54am Jul 12, 2023 4:54am
Quoting Moty
Yes yes yes I'm in profit !!!! After being in a 275$ floating loss 55 pipa come back from the high of the day {image}
Thank God
  • #757,798
  • Jul 12, 2023 4:56am Jul 12, 2023 4:56am
SL set to b/e +10 if it breaks 12950 then long till 130
Insane in the Brain..
  • #757,799
  • Jul 12, 2023 4:59am Jul 12, 2023 4:59am
Pre-CPI, I am also looking at the GY this morning. Looking, not trading yet. So my preliminary list is: G$, GY, $CAD, and E$.
  • #757,800
  • Jul 12, 2023 5:03am Jul 12, 2023 5:03am
Quoting Moty
Yes yes yes I'm in profit !!!! After being in a 275$ floating loss 55 pipa come back from the high of the day {image}
broo get out the news is going to mess up ur trade
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