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Cable Update (GBPUSD)

  • #761,061
  • Jul 25, 2023 10:18pm Jul 25, 2023 10:18pm
Quoting TheWraith
Pacwest bank failed few hours ago?
What I came across was it is being acquired by a smaller rival in an all-stock transaction.
"No trade is still a trade." - Peter Borish
  • #761,062
  • Jul 25, 2023 10:27pm Jul 25, 2023 10:27pm
I would love to get something like that
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  • #761,063
  • Jul 25, 2023 10:35pm Jul 25, 2023 10:35pm
Quoting kenny4real
As a BTMM Trader, catching Peak(Green Arrow) is not my "thing" cos it's not really easy to catch Peaks(it's not impossible either) and it could go sour too. Although, I do catch it sometimes but not often but I'm never sad if I don't catch it. But where price is now according to my system, I can see The Peak has been "locked!" (Locked Peak is characterised by EMA 50 and 200 upward Cross on 15M Timeframe) Hence I anticipated my signature trade called "Safety Trade" tomorrow ...
So, sleep took me!
GU didn't make it to EMA 200, instead they took off from EMA 50 which was also very much valid. If I was awake, I would have entered.
Alternatively, price could still come back and it may not!
I've adjusted my buy limit orders too should price still make a comeback for them cos spikes are possible too.
NB: The most annoying for me was missing AU CPI . I was so sure of being awake! I didn't set any limit orders but profited abit from the sell(I didn't even set a TP for the sell either but thankfully I met it still in profit so I closed it . I still profited from GU's retracement too, and one even hit TP 1.

Asian Session could make sense sometimes .
Cheers!!!
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  • #761,064
  • Jul 25, 2023 10:37pm Jul 25, 2023 10:37pm
Quoting Whale
I would love to get something like that {image}
Exactly my point!.
Truth is, it's still very possible. They could achieve it with a spike.
  • #761,065
  • Jul 25, 2023 10:39pm Jul 25, 2023 10:39pm
Quoting voeltoez
taking profit again.. i must be achieve double target today...so i dont have to trade fomc.. {image}
This is beautiful!
Congrats
You know when to strike! And that's exactly what daytrading is all about
  • #761,066
  • Jul 25, 2023 10:42pm Jul 25, 2023 10:42pm
Quoting voeltoez
{quote} im using fbs.. its 1:1000
Wow...that's a double-edged sword!
When you know how to use it, the profitability could be mind-blowing
  • #761,067
  • Jul 25, 2023 11:01pm Jul 25, 2023 11:01pm
My tech analysis today..based on H4..
Yesterday we saw double rejection on upper and lower bands...
but bull wins..and now H4 is clear uptrend..
# on bottom barrier is 2805...breaking this wall could open way to 2600
# uptrend target is 1.31 but we still can see correction to 2850 testing mid bands...if break will test 2825 lower bands.
best way to trade today for me is buy every new low..with sl 2800
just hope fomc news today can support technical
trade safe..cmiiw
  • #761,068
  • Jul 25, 2023 11:01pm Jul 25, 2023 11:01pm
forget att chart
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  • #761,069
  • Jul 25, 2023 11:10pm Jul 25, 2023 11:10pm
Quoting Lbrto
{quote} What I came across was it is being acquired by a smaller rival in an all-stock transaction.
Shares went down 30%.
  • #761,070
  • Jul 25, 2023 11:15pm Jul 25, 2023 11:15pm
GBP/USD on Daily Chart, price has bounced from last HH @ 1.282. Only now I see it...
  • #761,071
  • Jul 25, 2023 11:37pm Jul 25, 2023 11:37pm
Quoting voeltoez
My tech analysis today..based on H4.. Yesterday we saw double rejection on upper and lower bands... but bull wins..and now H4 is clear uptrend.. # on bottom barrier is 2805...breaking this wall could open way to 2600 # uptrend target is 1.31 but we still can see correction to 2850 testing mid bands...if break will test 2825 lower bands. best way to trade today for me is buy every new low..with sl 2800 just hope fomc news today can support technical trade safe..cmiiw
very hard to tell what will happen in the next days.
keep you eyes on the bigger picture D,W,M

For me if current week low will break.
We will see a big drop to below 1.215
But baby steps are required when it comes to fx.
sometime baby steps are the problem when it comes to fx
  • #761,072
  • Edited Jul 26, 2023 12:54am Jul 25, 2023 11:38pm | Edited Jul 26, 2023 12:54am
Came across this, thought it could help you...

Inserted Video
"No trade is still a trade." - Peter Borish
  • #761,073
  • Jul 25, 2023 11:55pm Jul 25, 2023 11:55pm
Quoting voeltoez
{quote} me too..thanks to mr aussie {image}
me too
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entered again
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yes yes yes
  • #761,074
  • Jul 26, 2023 12:00am Jul 26, 2023 12:00am
Quoting Moty
{quote} me too{image} entered again {image}
carefull its going north my view..i have closed aussie..
  • #761,075
  • Jul 26, 2023 12:05am Jul 26, 2023 12:05am
Quoting Whale
{quote} very hard to tell what will happen in the next days. keep you eyes on the bigger picture D,W,M For me if current week low will break. We will see a big drop to below 1.215 But baby steps are required when it comes to fx. sometime baby steps are the problem when it comes to fx
monthly is bullish i see 1.36 upper bands
weekly ia bullish too but can down to test 1.2600 mid bands
daily is bearish must down to 1.2600
  • #761,076
  • Jul 26, 2023 12:07am Jul 26, 2023 12:07am
Quoting Fx3423454
{quote} https://youtu.be/9CS7j5I6aOc
yes, your last trade was to mind blowing, for refresh yojr memory! Eur/mxn! Thanks for nice profit but I went opposite your signal! You are next really good provider!
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People don't plan to lose. They lose because they don't plan.
  • #761,077
  • Jul 26, 2023 12:26am Jul 26, 2023 12:26am
Quoting ScalaFX
{quote} yes, your last trade was to mind blowing, for refresh yojr memory! Eur/mxn! Thanks for nice profit but I went opposite your signal! You are next really good provider! {image}
Whenever one starts buying at the top or starts selling at the bottom is pure FOMO, nothing else.

Nice trade!
  • #761,078
  • Jul 26, 2023 12:27am Jul 26, 2023 12:27am
Quoting voeltoez
{quote} monthly is bullish i see 1.36 upper bands weekly ia bullish too but can down to test 1.2600 mid bands daily is bearish must down to 1.2600
My view is that the closer we are to 1.33 the sooner the downtrend (Monthly) will continue.
  • #761,079
  • Jul 26, 2023 12:29am Jul 26, 2023 12:29am
Quoting Whale
{quote} very hard to tell what will happen in the next days. keep you eyes on the bigger picture D,W,M For me if current week low will break. We will see a big drop to below 1.215 But baby steps are required when it comes to fx. sometime baby steps are the problem when it comes to fx
I believe price is going from A point to the B point and until B point is reached, price will not go the other way. News are just noise that either push the price closer to the final destination or slows the price down.

This is why we can predict sometimes where price will go in the future. I am talking about few hundred pips in the future however, not thousands.
  • #761,080
  • Jul 26, 2023 12:30am Jul 26, 2023 12:30am
G/M, the < 50% chance of an 8th consecutive dly bearish candle didn't materialize y/day - per those probabilities, and a < 30day adr bullish engulf thrust candle printed instead on that t/f. Y/day's dly hi is @ 50% 2964-2797 (current wkly lo) move. Asian session so far has been down to a prev 1hr/4hr sw hi zone = prev res = pot rbs, then up. A 3 fib cluster to the upside is @ 2923-29. Early London forex desks opening and Asian session coming to an end.

1hr below (provisional Asian Hi and Lo shown.)
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