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Cable Update (GBPUSD)

  • #760,501
  • Jul 24, 2023 3:15am Jul 24, 2023 3:15am
...seems like a good chance of at least an initial downside reaction re Uk Pmi soon, judging by the eu. french, german data ?? We'll see - anything can happen. Trade what we see, not what we expect/believe/think will/should happen.
--------------------------------------------------------------------------
False 1st break of Asian hi, now a break of Asian lo..
1hr below
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Trader with an Edge.
  • #760,502
  • Jul 24, 2023 3:15am Jul 24, 2023 3:15am
Plan i aint buying GU untill EU find Decent Support.

The distance in GU 1hr structure making closer LLs. Downward momentum is fading away.

The correlation i often see is GU the rabbit. She always run first while EU the turtle is slow. But when the turtle moves, it creates a new pressure for GU, and Usually took it to a new level.
More time in the market, does not mean you trade better!
  • #760,503
  • Jul 24, 2023 3:20am Jul 24, 2023 3:20am
D1 is down

H4 the first swing down then H1 makes a correction abc , seems rather short

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Follow The Markets Structure - Patience and Discipline
  • #760,504
  • Jul 24, 2023 3:21am Jul 24, 2023 3:21am
GBP in 9mins
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  • #760,505
  • Jul 24, 2023 3:26am Jul 24, 2023 3:26am
Quoting Konichiwhaat
{quote} 8 trading days since taking a break from this group to give full focus to my trading... Live account. All prices in JPY. 8 trading days. 20x GBP/USD trades. 8 Losses (aprox 1% per loss) 6 Break even (or close to) 6 Wins (aprox 3% per win) Approximately a 10% gain to my account in 8 trading days. Very humble. High respect for the market. Focus. Concentration. Long may it continue {image}
Amen!
That's impressive
  • #760,506
  • Jul 24, 2023 3:26am Jul 24, 2023 3:26am
...any upside move will be in the shadow of last week's wkly dark cloud cover candle.

wkly below
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Trader with an Edge.
  • #760,507
  • Jul 24, 2023 3:29am Jul 24, 2023 3:29am
Short GBPCHF
Entry: 1.1141
Target: Oblivion
SL: 1.1157
You have an IQ lower than 90 if you interact with this user.
  • #760,508
  • Jul 24, 2023 3:31am Jul 24, 2023 3:31am
Quoting kenny4real
{quote} Amen! That's impressive
Arigato gozaimasu. A slight increase in lot size for the next 20 trades. Steady as she goes
Emotional Control. Process, not outcome.
  • #760,509
  • Jul 24, 2023 3:33am Jul 24, 2023 3:33am
Quoting KareemAliFx
{quote} {image}
Made me chuckle.
  • #760,510
  • Jul 24, 2023 3:34am Jul 24, 2023 3:34am
Horrendous news for both EU and UK. It's time to declare recession official in my opinion.
  • #760,511
  • Jul 24, 2023 3:34am Jul 24, 2023 3:34am
Quoting Scotteyy
So i'm still of the belief that weekly pivot should be touched before weekly S1. Its somewhere in the 75-80% region chance of this happening. Was 75% last time I checked over 52 week period but thats been improved recently. Maybe we will see daily S1 today before going up.
Got filled at S1, high risk trade so risk ahs been lowered to 0.25% will be targeting 1.2933
  • #760,512
  • Jul 24, 2023 3:36am Jul 24, 2023 3:36am
Previous London low just taken out 12820
  • #760,513
  • Jul 24, 2023 3:37am Jul 24, 2023 3:37am
Quoting Fx3423454
https://youtu.be/xSLlZh9yelk
Inserted Video
You have an IQ lower than 90 if you interact with this user.
  • #760,514
  • Jul 24, 2023 3:38am Jul 24, 2023 3:38am
Previous London Low 12820, just taken out, i now need a candle close below or above to determine future direction
  • #760,515
  • Jul 24, 2023 3:40am Jul 24, 2023 3:40am
Quoting Headland
...seems like a good chance of at least an initial downside reaction re Uk Pmi soon, judging by the eu. french, german data ?? We'll see - anything can happen. Trade what we see, not what we expect/believe/think will/should happen. -------------------------------------------------------------------------- False 1st break of Asian hi, now a break of Asian lo.. 1hr below {image}
...and so it was...straight into a 3 fib cluster just under last week's lo

4hr below
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Trader with an Edge.
  • #760,516
  • Jul 24, 2023 3:40am Jul 24, 2023 3:40am
Nice Price Action on GU this morning as anticipated .
Let's see if it can sell to 1.28000 but my first Buy Limit is @ 1.27886.

Let's see how it goes...I ain't forcing anything.
  • #760,517
  • Jul 24, 2023 3:41am Jul 24, 2023 3:41am
Quoting TheWraith
Horrendous news for both EU and UK. It's time to declare recession official in my opinion.
On the contrary Mr. Bond - it is time to declare climate success.
You have an IQ lower than 90 if you interact with this user.
  • #760,518
  • Jul 24, 2023 3:43am Jul 24, 2023 3:43am
Ouch sl hit
  • #760,519
  • Jul 24, 2023 3:45am Jul 24, 2023 3:45am
longs are looking good from here..
  • #760,520
  • Jul 24, 2023 3:48am Jul 24, 2023 3:48am
Come on mf
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yes yes yes
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