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Cable Update (GBPUSD)

  • #761,181
  • Jul 26, 2023 5:20am Jul 26, 2023 5:20am
EUR looks ready to puke its guts out... Fatigued and out of breath.
Trade at your own risk.
  • #761,182
  • Jul 26, 2023 5:20am Jul 26, 2023 5:20am
Quoting TheWraith
{quote} I can tell you this instead: Whenever you leave the position open during the High-Impact News you're at the mercy of entities driving this market. What constantly happens during the news is blatant price manipulation and SL hunting. Scary thing is, your orders won't get triggered in time if they are too close to the current price prior to the news. If you have for example Buy Stop order just above the price and price actually does go up, it will only activate some 20, 30 pips later due to gaps in price these news tend to create or won't...
thanks for the hints! closed them all. I'm not going to open any new positions until tomorrow morning / noon (my timezone) so that it would be a bit more safe to initiate anything.
  • #761,183
  • Jul 26, 2023 5:22am Jul 26, 2023 5:22am
Quoting Nordling
{quote} Good idea. A pullback to upside until FOMC is possible. Kind of like a liquidity grab move.
Look who is in town!
Welcome back!
  • #761,184
  • Jul 26, 2023 5:27am Jul 26, 2023 5:27am
Quoting Fx3423454
EUR looks ready to puke its guts out... Fatigued and out of breath.
you talking about EU? Look at last h4, this is exhaustion? Good luck
People don't plan to lose. They lose because they don't plan.
  • #761,185
  • Jul 26, 2023 5:33am Jul 26, 2023 5:33am
Quoting sajad.g
{quote} thanks for the hints! closed them all. I'm not going to open any new positions until tomorrow morning / noon (my timezone) so that it would be a bit more safe to initiate anything.
Lol. I have just closed mine too..
Enough is enough..

TP-ed @ 1.29175
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  • #761,186
  • Jul 26, 2023 5:36am Jul 26, 2023 5:36am
it seems that the pair is awaiting the decision and a pullback to the trend support line(which is also a horizontal support) is probable ("last kiss"; probably stop hunting before going up)

interesting, the same for NZDUSD; awaiting decision to stop hunting before a big move!
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  • #761,187
  • Jul 26, 2023 5:37am Jul 26, 2023 5:37am
Quoting Jolita
Have you noticed yesterday EU was sold while GU was bought? Do you know why? PMI numbers for EU and UK was not promising, while for US$ better. Only one thing could be EG was sold. EU and GU positive correlate, yet not always.
GU feat EU.


Overall, the two currency pairs have had similar movements.
However, the EUR/USD (EU) is lagging behind the GBP/USD (GU) as it approaches the demand zone that is located below.
The GU has already picked up this demand zone, whereas the EU is still en route to do so.

This is simply a delay in the movement of the EU, as both pairs have their own magnitude and slightly different demand zones to pick up.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #761,188
  • Jul 26, 2023 5:37am Jul 26, 2023 5:37am
You shell go to 1.28660
With or without touching 1.29369
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yes yes yes
  • #761,189
  • Jul 26, 2023 5:39am Jul 26, 2023 5:39am
Quoting TheWraith
{quote} Lol. I have just closed mine too.. Enough is enough.. TP-ed @ 1.29175 {image}
I think we will have another chance to enter this one... patience
  • #761,190
  • Jul 26, 2023 5:41am Jul 26, 2023 5:41am
Quoting Jolita
{quote} Got to be careful these day You got to take make up off to find out.
Made me thinking just now....

Is she the late Micheal Jackson daughter's ?
She got that look..
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #761,191
  • Jul 26, 2023 5:41am Jul 26, 2023 5:41am
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Hedge and once you put in your trade stop .. pp . Never move it as you have made that plan and had thought that plan out before the pressure of price moving .
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  • #761,192
  • Jul 26, 2023 5:42am Jul 26, 2023 5:42am
Quoting sajad.g
{quote} I think we will have another chance to enter this one... patience
Sure! But I am not willing to watch this kind of price action again!

Good profit, then in loss, then in good profit, then almost in loss, then in good profit and then I said: to hell with all anymore and took the profit while I can hahahahah.
  • #761,193
  • Jul 26, 2023 5:45am Jul 26, 2023 5:45am
Need something to smoke to calm my nerves..

HEY PAT! How much is the stuff you're abusing?
  • #761,194
  • Jul 26, 2023 5:45am Jul 26, 2023 5:45am
Quoting Pat Chiko
{quote} Made me thinking just now.... Is she the late Micheal Jackson daughter's ? She got that look..
Thats plastic look you meant?
More time in the market, does not mean you trade better!
  • #761,195
  • Jul 26, 2023 5:46am Jul 26, 2023 5:46am
Quoting Pat Chiko
{quote} GU feat EU. Overall, the two currency pairs have had similar movements. However, the EUR/USD (EU) is lagging behind the GBP/USD (GU) as it approaches the demand zone that is located below. The GU has already picked up this demand zone, whereas the EU is still en route to do so. This is simply a delay in the movement of the EU, as both pairs have their own magnitude and slightly different demand zones to pick up. {image} {image}
Great, thanks Pat for answering my question, this makes sense. GU should sell at some point to pick up left over demand, while EU will go for supplies.
  • #761,196
  • Jul 26, 2023 5:46am Jul 26, 2023 5:46am
Quoting Yngwie
Before reversal at least bull touching 1.2920/40
Touch exactly 1.2920 let see she want to reverse or not
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #761,197
  • Jul 26, 2023 5:49am Jul 26, 2023 5:49am
Quoting ScalaFX
{quote} you talking about EU? Look at last h4, this is exhaustion? Good luck
FOMC can change everything in a New York minute.

But I don't think I will trade FOMC, only tighten my stops on my open winners. Good luck to all!

Inserted Video
Trade at your own risk.
  • #761,198
  • Jul 26, 2023 5:49am Jul 26, 2023 5:49am
GBP/USD Daily

So, price has come very near two R lines I have ~1.29305.
We'll see if price will be able to break them before the Fed, otherwise this might just be a wick that was left at the end of the day if price drops on Fed.
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  • #761,199
  • Jul 26, 2023 5:50am Jul 26, 2023 5:50am
The price broke yesterday high.

Expect the price to hit r1 b4 reversal
Intraday only.
  • #761,200
  • Jul 26, 2023 5:50am Jul 26, 2023 5:50am
Title: The Federal Reserve impacts your money in these 6 main ways

https://finance.yahoo.com/news/feder...165500061.html


Good post to read and learn how interest rate affect an economy
More time in the market, does not mean you trade better!
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