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Cable Update (GBPUSD)

  • #759,201
  • Jul 18, 2023 6:38am Jul 18, 2023 6:38am
'Just in front of the red news', we slid back into that mid range of the day...
  • #759,202
  • Jul 18, 2023 6:38am Jul 18, 2023 6:38am
Quoting JereMi256
"Bulls are losing the fight to be honest!" Asia session was good, I expected more bulls in LN session but whipsaws and failure to break the flip zone is an early sign for Bear dominance today! Unless the flip zone breaks, bulls are weak!
Bulls are strong again.
Starting to trust these lows alittle more 60:40
Face 'ur fears & tame 'ur greed
  • #759,203
  • Jul 18, 2023 6:38am Jul 18, 2023 6:38am
Quoting Bella.al
{quote} Taking today's high = 1.31251 as reference i have re-adjusted Trailing at 1.30876 Locked +7 Pips

At this point my Trailing Stop becomes a Support level at my end if it can hold currently at 1.30876

Bella's Blue
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Goddess of Thunder..
  • #759,204
  • Jul 18, 2023 6:40am Jul 18, 2023 6:40am
Quoting ScalaFX
{quote} second short 3116
3108 closed, 3116 protected
People don't plan to lose. They lose because they don't plan.
  • #759,205
  • Jul 18, 2023 7:00am Jul 18, 2023 7:00am
Quoting YahodWaWaWa
Hindsight Trades Trades Taken And Completed. More to come and wont be Hindsight for sure GBPAUD {image} {image} GBPJPY Hedgy Situation Can anybody know whats going on there {image} Some OnGoing Trades USDCAD {image} Close To TP EURJPY {image} GBPUSD {image} Last but not the least EURUSD {image}
Aint ya MYJUDANWIFE ?
More time in the market, does not mean you trade better!
  • #759,206
  • Jul 18, 2023 7:01am Jul 18, 2023 7:01am
Quoting Bella.al
{quote} At this point my Trailing Stop becomes a Support level at my end if it can hold currently at 1.30876 Bella's Blue {image}
Indeed the Support Level 1.30876 ( Trailing Stop ) is currently working in my favor . I am actually unable to perform any further operations on the trade
unless a new high is made above today's high which we shall see ( it is type of trailing that uses S/R , not necessary the best but works with Bella's Blue )

Bella's Blue
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Goddess of Thunder..
  • #759,207
  • Jul 18, 2023 7:14am Jul 18, 2023 7:14am
As we head to the news, this move would not surprise me.
Demo acc; Buy limits @1.3075
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Analysis
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Face 'ur fears & tame 'ur greed
  • #759,208
  • Jul 18, 2023 7:15am Jul 18, 2023 7:15am
H4 candle left no wick? That's unusual. More often then not it means wick will be created by the time candle is done. Meaning, we might have good news for USD today.
  • #759,209
  • Jul 18, 2023 7:21am Jul 18, 2023 7:21am
Quoting TheWraith
H4 candle left no wick? That's unusual. More often then not it means wick will be created by the time candle is done. Meaning, we might have good news for USD today.
Retail sales news is about activity and not price. It should not impact rates unless it is really significant and suggests the economy is heating up. MM's will move where they want in any event. Long term I still suspect that the US wants a lower US$.
  • #759,210
  • Jul 18, 2023 7:28am Jul 18, 2023 7:28am
the dip before the real push up might be coming on news

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Follow The Markets Structure - Patience and Discipline
  • #759,211
  • Jul 18, 2023 7:28am Jul 18, 2023 7:28am
Quoting JereMi256
As we head to the news, this move would not surprise me. Demo acc; Buy limits @1.3075 {image} Analysis {image}
1.316 most likely comes tomorrow if we hold the lows today as far as my analysis goes
Face 'ur fears & tame 'ur greed
  • #759,212
  • Jul 18, 2023 7:33am Jul 18, 2023 7:33am
Quoting Bella.al
{quote} Indeed the Support Level 1.30876 ( Trailing Stop ) is currently working in my favor . I am actually unable to perform any further operations on the trade unless a new high is made above today's high which we shall see ( it is type of trailing that uses S/R , not necessary the best but works with Bella's Blue ) Bella's Blue {image}
Urg..... tried going up but Trailing hit +7 Pips.
Goddess of Thunder..
  • #759,213
  • Jul 18, 2023 7:33am Jul 18, 2023 7:33am
Quoting mtako
{quote}I Kind of agree also. But someone, or something! just told me that no new previous 12H high will never ever ever again be reached in the 1.30s ... {image}
It is right!!!

You bloody trickster, it is useless info !!!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #759,214
  • Jul 18, 2023 7:37am Jul 18, 2023 7:37am
Data wasn’t good, but it’s dropped?
Insane in the Brain..
  • #759,215
  • Jul 18, 2023 7:38am Jul 18, 2023 7:38am
Quoting dantpm
{quote} Retail sales news is about activity and not price. It should not impact rates unless it is really significant and suggests the economy is heating up. MM's will move where they want in any event. Long term I still suspect that the US wants a lower US$.
Sure! But I was reffering to the H4 candle that left no wick on the downside which was suspicious. Now, it's done.
  • #759,216
  • Jul 18, 2023 7:41am Jul 18, 2023 7:41am
Come on mf !!!!
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yes yes yes
  • #759,217
  • Jul 18, 2023 7:42am Jul 18, 2023 7:42am
Quoting BeeTogether
Data wasn’t good, but it’s dropped?
Bcuz Price Action requires DXY(USD) to correct upwards.
Exhausted
  • #759,218
  • Jul 18, 2023 7:45am Jul 18, 2023 7:45am
Quoting BeeTogether
Data wasn’t good, but it’s dropped?
The data indicated that there was no need for the FED to raise rates, good for GU. MM's however do what they want.
  • #759,219
  • Jul 18, 2023 7:45am Jul 18, 2023 7:45am
Quoting navk
3125/30 is what I expect. NY may be sell. 9 am est. I do not expect b4.
3125/30 proved to be resistance.

Now a fall below 3070/68 is confimrd sell for rest of day and week
Intraday only.
  • #759,220
  • Jul 18, 2023 7:47am Jul 18, 2023 7:47am
Quoting dantpm
{quote} The data indicated that there was no need for the FED to raise rates, good for GU. MM's however do what they want.

this is my point exactly! The spike we saw should have been a bigger one and has been so until recently. Not in a long time have I seen poor data (poor as in no rate rises) appreciate the USD. Crazy
Insane in the Brain..
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