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Cable Update (GBPUSD)

  • #758,361
  • Jul 13, 2023 10:38pm Jul 13, 2023 10:38pm
Quoting Lbrto
{quote} also on the short side of the trade here. Technical says it's been up there for too long already on the daily, weekly, and monthly. I'm more interested on how low it can get.
Yeah even COT data is completely bearish on GU
  • #758,362
  • Jul 13, 2023 10:40pm Jul 13, 2023 10:40pm
Quoting ninner
{quote} Trends can go longer than you think in the forex market!!!
That's why thereis risk management
  • #758,363
  • Jul 13, 2023 10:46pm Jul 13, 2023 10:46pm
Thursday high broke.
More to go up
Intraday only.
  • #758,364
  • Jul 13, 2023 10:46pm Jul 13, 2023 10:46pm
DXY weekly and monthly support
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  • #758,365
  • Jul 13, 2023 10:53pm Jul 13, 2023 10:53pm
dollar is heading towards last years low @94.6

time to befriend the trend
be a thinker before being a reacter
  • #758,366
  • Jul 13, 2023 10:55pm Jul 13, 2023 10:55pm
Quoting Surya108
DXY weekly and monthly support {image} {image}
those support are gonna get spanked tbh
be a thinker before being a reacter
  • #758,367
  • Jul 13, 2023 11:13pm Jul 13, 2023 11:13pm
Today's Data: Funny Enough, Forecast is better than expected, lol
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You know what that means... of course it will be worser, I'm quite sure after CPI and PPI and guess what happens to the dollar (again)?...
  • #758,368
  • Jul 13, 2023 11:21pm Jul 13, 2023 11:21pm
Huge hopes with the current 4h candle to turn red and kiss 1.31000....
Extreme gut feeling trader
  • #758,369
  • Jul 13, 2023 11:25pm Jul 13, 2023 11:25pm
loss 2% on short yesterday..funfact my little pororo acc doubled because long.. lol..
now im short..no trade on prop..
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  • #758,370
  • Jul 13, 2023 11:32pm Jul 13, 2023 11:32pm
Quoting JackintheBox
Today's Data: Funny Enough, Forecast is better than expected, lol {image} You know what that means... of course it will be worser, I'm quite sure after CPI and PPI and guess what happens to the dollar (again)?...
yeah better no trade for me..its fryday
  • #758,371
  • Edited Jul 14, 2023 12:03am Jul 13, 2023 11:37pm | Edited Jul 14, 2023 12:03am
Quoting voeltoez
{quote} yeah better no trade for me..its fryday
tgifree day off. informal attire...weather @ the beach is ideal... Swimming Temperature Guide think or...drunk to MUCH BMW is stuck tide commin in call OTIS need a lift baywatch the 13th floor you can't see... the SOUL chase ELO n musk orchestrates...trans fear manhattan...clutch linkedin...zuckerberg hidden...
  • #758,372
  • Jul 13, 2023 11:38pm Jul 13, 2023 11:38pm
Quoting TheWraith
USD/JPY (useful for GBP/USD also) USD/JPY to drop some more, but not much and it's highly likely retracement is in order. Plan: wait for Asian Session to make a new low on USD/JPY hitting ~137.375 and then start Buying USD/JPY Long term. On GBP/USD price should go up some more on Asian Session and retracement is in order throughout Friday. Yen pairs to reach their highs yet again before the next big move is probable. If Weekly candle closes below Yellow "Support", we could be seeing USD/JPY at ~130 again in the near future, but I doubt it. {image}...
Done. Asian Session did what I wanted it to do. Now, I Buy.
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  • #758,373
  • Jul 13, 2023 11:40pm Jul 13, 2023 11:40pm
Quoting boodvah
{quote} those support are gonna get spanked tbh
the big psychological level of 100 was broken like Pat Chiko's big fat Doobie... .like nothing!!!
  • #758,374
  • Jul 13, 2023 11:46pm Jul 13, 2023 11:46pm
Trying to figure out that high probability trade setup today.
I still believe that there might be a chance of this market continuing to go higher to take money from retail traders already short and those trying to catch the top. Looking for that holly grail indicator
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  • #758,375
  • Jul 13, 2023 11:47pm Jul 13, 2023 11:47pm
Quoting TheWraith
{quote} Done. Asian Session did what I wanted it to do. Now, I Buy. {image} {image}
LOL..you are wrong....this is just starting! Alot more downside!!!
  • #758,376
  • Jul 13, 2023 11:49pm Jul 13, 2023 11:49pm
Quoting JackintheBox
Today's Data: Funny Enough, Forecast is better than expected, lol {image} You know what that means... of course it will be worser, I'm quite sure after CPI and PPI and guess what happens to the dollar (again)?...
You caught how consumer credit dropped from 20B to 7B m/m on Tuesday, somehow that doesn't support the higher consumer sentiment.
  • #758,377
  • Jul 13, 2023 11:50pm Jul 13, 2023 11:50pm
Quoting tradexyz
{quote} tgifree day off. informal attire...weather @ the beach is ideal... Swimming Temperature Guide think or...drunk to MUCH BMW is stuck tide commin in call OTIS need a lift baywatch the 13th floor you can't see...
i will change from fryday to prayday
  • #758,378
  • Jul 13, 2023 11:52pm Jul 13, 2023 11:52pm
Quoting ninner
{quote} LOL..you are wrong....this is just starting! Alot more downside!!!
First try!
(There is definitely a potential and possibility of price falling further, but this was the plan so I'll stick with it for today.
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  • #758,379
  • Jul 13, 2023 11:55pm Jul 13, 2023 11:55pm
long because...well because why not. i really should not trade until my chart generates new weekly levels next week since this weeks levels served their purpose. risking 9p. lets do it!

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be a thinker before being a reacter
  • #758,380
  • Jul 13, 2023 11:56pm Jul 13, 2023 11:56pm
Quoting TheWraith
{quote} First try! (There is definitely a potential and possibility of price falling further, but this was the plan so I'll stick with it for today. {image}
Maybe we have our time frames confused....my time frame is longer than yours....i plan to be in this trade for many many weeks!!!

cheers
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