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Cable Update (GBPUSD)

  • #758,301
  • Jul 13, 2023 1:07pm Jul 13, 2023 1:07pm
Quoting JackintheBox
The problem is the USD. It is like a huge sell off. I'm not sure what is going on but I don't really like it. It is too strong and too fast. We had that also years ago and now it is summer time but anyway, it feels wrong somehow. I really wonder if it is in interest of FED to let the usdollar drop so hard. May be they want to get better exports? Weird enough the interest rates are about 4-5% if you park your money in USD. 2 Years ago it was zero and much stronger. Weird times...
yeah historically USD been a safe investment.
It should rise long term normally with the interest rate right?
You have an IQ lower than 90 if you interact with this user.
  • #758,302
  • Jul 13, 2023 1:16pm Jul 13, 2023 1:16pm
Well done bull, still may to go towards target today 3158 or 2legs up next day. Playing at top risky ways!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #758,303
  • Jul 13, 2023 1:16pm Jul 13, 2023 1:16pm
Quoting Bella.al
{quote} I have now Enabled Bella's Projections and Stop Resistance , break above said resistance will invalid the pattern , Stop Resistance : 1.31238 Bella's Objectives 1: 1.30289 Bella's Blue ( beta v1.7 F ) {image}

I heard the bell and sl is hit -24 pips. I will have nightmares tonight due to development phase. I do have draw down planning by beta v.2.0 the max negative pips should not exceed 1000 pips and i am currently at stated below.

Bella's Blue Journal
Started 01.06.2023
Current Version Beta v1.7 F - Target beta v2.0 ( all features implemented )
Journal Total = -206 + (-24) + (-24) = -254 Pips. ( i know i have to recover this )
Max Draw Down Allowed = -1000 Pips. ( Rules set to be Disciplined , even while in development phase )

Now it is my time to join friends and have a flavored sheesha!

Bella.
Goddess of Thunder..
  • #758,304
  • Jul 13, 2023 1:25pm Jul 13, 2023 1:25pm
Quoting eyefeelsix
{quote} atm low risk sell ( stop-loss @1.3125 ) {image}
1.3125 broken sl hit --- failure accepted ( no re-entry for short )
https://breakpullback.com
  • #758,305
  • Jul 13, 2023 1:34pm Jul 13, 2023 1:34pm
Quoting navk
{quote} Is it dollar chart ?
Almost
DXY - briefly looked at chart last night and it was at purple level higher.
Price is now sitting at weekly EMA 200., might retrace from here.
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  • #758,306
  • Jul 13, 2023 1:41pm Jul 13, 2023 1:41pm
Quoting JackintheBox
The problem is the USD. It is like a huge sell off. I'm not sure what is going on but I don't really like it. It is too strong and too fast. We had that also years ago and now it is summer time but anyway, it feels wrong somehow. I really wonder if it is in interest of FED to let the usdollar drop so hard. May be they want to get better exports? Weird enough the interest rates are about 4-5% if you park your money in USD. 2 Years ago it was zero and much stronger. Weird times...
We will know very soon if USD will start recovering.
  • #758,307
  • Jul 13, 2023 1:43pm Jul 13, 2023 1:43pm
Quoting Jolita
{quote} Hi Genadi, all good, and you?
I am on vacation. Have a lot of time to watch charts these days. Yet, i dont understand why USD is dropping so hard now and crashing all support zones without any significant bounces. Was trying to buy USDCHF, but was stopped out.

  • #758,308
  • Edited 2:15pm Jul 13, 2023 1:58pm | Edited 2:15pm
Quoting Ferna
{quote} Hahaha Jolita u so funny
I'm glad it makes you laugh as - it's all that matters!
  • #758,309
  • Jul 13, 2023 2:00pm Jul 13, 2023 2:00pm
Asian Session should provide hint for tommorow.
  • #758,310
  • Jul 13, 2023 2:01pm Jul 13, 2023 2:01pm
Quoting Matthew77
{quote} please how many percent do you rusk per trade?
Hi, it depends on the repeating set-up I am trading. They all have different probabilities of success depending on t/f and the overall pa conditions they develop in, based on a very large multi-year historical sample to the point in time one may develop. So it ranges from 1% to 3%.
Trader with an Edge.
  • #758,311
  • Jul 13, 2023 2:05pm Jul 13, 2023 2:05pm
Quoting Wavegarrick
{quote} Hi Vishu, I have been in your position before. Take time out, reflect and see where you went wrong. 2 years of trading is a lot of time to spend on a possible income to just give up. For me there is a cheat sheet. When price turns at every whim at daily support/res you know that we are in a range and these can last for weeks if not months. When price does not respect fundamentals nor daily sup/res get out and follow direction because trendy conditions are starting. It is easier said than done but practice and practice over and over again,...
TRADER'S CHEAT SHEET
https://www.barchart.com/forex/quote...SD/cheat-sheet
BARCHART OPINION for Thu, Jul 13th, 2023
https://www.barchart.com/forex/quotes/%5EGBPUSD/opinion
  • #758,312
  • Jul 13, 2023 2:07pm Jul 13, 2023 2:07pm
Gbp Could hit 1.31500 before retract by tomorrow. waiting
  • #758,313
  • Jul 13, 2023 2:07pm Jul 13, 2023 2:07pm
Quoting JereMi256
{quote} Approaching area of interest!
A weekly close below 1.31327 would be good for bears.
We should get a pull back to at least 1.295 before any further bullish pressure
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Face 'ur fears & tame 'ur greed
  • #758,314
  • Jul 13, 2023 2:11pm Jul 13, 2023 2:11pm
Quoting OBsayMkMoney
{quote} Don't you dare take the coward's way out. You have a dream to be a trader don't you? Do you really want to go back to that other life? You know. The one where you will be working for others for as long as you can perceive. That is IF you play by their rules completely and get a retirement package. Is that what you want? Waking up every week day on someone else's schedule. I don't think so. You lost your money. So the fuck what. Figure out what you did wrong, and get back on the horse. Look at your trades. If most were lost, look for another...
Thanks a lot everyone foe your really kind words and support. In these 2 years I not only learnt trading, I have become a better person with better control over my emotions. I'll work my way out and begin the journey anew in a few months time. Thanks everyone for being there for me throughout.
  • #758,315
  • Jul 13, 2023 2:11pm Jul 13, 2023 2:11pm
Quoting genadi
{quote} I am on vacation. Have a lot of time to watch charts these days. Yet, i dont understand why USD is dropping so hard now and crashing all support zones without any significant bounces. Was trying to buy USDCHF, but was stopped out.
Ohh, nice, where about? Enjoy your holiday! Sure is good to catch up with trades with full concentration.
Me being very busy with work started paying for my mistakes. Need to take a break.
Booked some time off for a few weeks end of July and Aug. Planning to visit my mum in LT.
TC
  • #758,316
  • Edited 2:54pm Jul 13, 2023 2:11pm | Edited 2:54pm
Watch: America's 'AI Czar' Kamala Harris Explains "First Of All, It's Two Letters"

time to pack your bags gtfo... USofA brain death... till political environment changes ! 5 eyes

Get exciting ReturnOnBusiness augmentations... no vacancies...
  • #758,317
  • Jul 13, 2023 2:15pm Jul 13, 2023 2:15pm
Quoting Jolita
{quote} Ohh, nice, where about? Enjoy your holiday! Sure is good to catch up with trades with full concentration. Me being very busy with started paying for my mistakes. Need to take a break. Booked some time off for a few weeks end of July and Aug. Planning to visit my mum in LT. TC
  • #758,318
  • Jul 13, 2023 2:19pm Jul 13, 2023 2:19pm
over 500 pips north without a break.
impressive.
Compulsions can be hard to resist
  • #758,319
  • Jul 13, 2023 2:38pm Jul 13, 2023 2:38pm
Someone said why you look at the monthly chart?
This is why! We are close, will bounce soon. Don't think this upper lever is easy to break. Wait for about 40-50 pips higher, should be good sell.
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  • #758,320
  • Jul 13, 2023 2:45pm Jul 13, 2023 2:45pm
Possible road map for Usdx. Love it or loathe it.
Cheers.
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Trade to trade another day
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