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Cable Update (GBPUSD)

  • #761,561
  • Jul 27, 2023 5:28am Jul 27, 2023 5:28am
high risk short eu...hope follow gu at least 30p before news
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  • #761,562
  • Jul 27, 2023 5:30am Jul 27, 2023 5:30am
Quoting ScalaFX
{quote} 3rd 2988, pendings 3000 3010
partial closed and worst positons, rest protected, give me that 2920
People don't plan to lose. They lose because they don't plan.
  • #761,563
  • Jul 27, 2023 5:31am Jul 27, 2023 5:31am
Quoting voeltoez
high risk short eu...hope follow gu at least 30p before news {image}
EU, GU and DXY prices are behaving very differently over the past couple of hours!
  • #761,564
  • Jul 27, 2023 5:34am Jul 27, 2023 5:34am
Currently up 200 pips. Hopefully it goes to 400 instead of 0 haha .

CHF/JPY leading the crowd!

Added Sell Stop @ 155.450 EUR/JPY.
  • #761,565
  • Jul 27, 2023 5:35am Jul 27, 2023 5:35am
Quoting Asr1
{quote} Those quick hit and runs are the best, only downside for me is overtrading because its still early
absolutely, over trading is major drawback of day trading but i have found a way to eliminate that by only trading near major levels and siting on my hands rest of the time (trading can be really boring). trading near major levels is the key as it improves win rate which means less losses which brings more peace of mind.
  • #761,566
  • Jul 27, 2023 5:46am Jul 27, 2023 5:46am
...U.s gdp (etc) data might have a part to play in where price goes....1230pm Gmt. Currently, price remains off the hi of the day but above the asian and London lo's. The current p/back lo of the day's current main upmove is in that prev 1hr/4hr sw hi zone (of the prev downtrend) that starts @ 2964 and was disrespected at least once as pot res/rbs, (hence hollow rectangle,) @ 2 x fibs. This 'hollow' pot sbr zone extends down to circa 2947 on 4hr.

All done for today. Good luck all.

1hr below
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Trader with an Edge.
  • #761,567
  • Jul 27, 2023 5:47am Jul 27, 2023 5:47am
Quoting dantpm
{quote} EU, GU and DXY prices are behaving very differently over the past couple of hours!
yes today i had 4 loses of eu..stupid blind order when shorting gu and eu at same time..
  • #761,568
  • Jul 27, 2023 5:48am Jul 27, 2023 5:48am
Finally BoJ's meeting is here (tommorow).

They better be careful what they do, because if they just stick with their current policy and don't act, Yen will continue to suffer for a long time.

The end of September is very far from now. Intervention will probably be necessary until the next meeting.

I don't care as much about ECB really.

I wouldn't rule out some kind of action from Japan tommorow if Yen gets sold off quickly after leaving the policy the same.
This would bode well for bulls on GBP/USD, as USD is sold off to prop up JPY.
  • #761,569
  • Jul 27, 2023 5:52am Jul 27, 2023 5:52am
Quoting TheWraith
Finally BoJ's meeting is here (tommorow). They better be careful what they do, because if they just stick with their current policy and don't act, Yen will continue to suffer for a long time. The end of September is very far from now. Intervention will probably be necessary until the next meeting. I don't care as much about ECB really.
They are doing something very clever.
You have an IQ lower than 90 if you interact with this user.
  • #761,570
  • Jul 27, 2023 5:53am Jul 27, 2023 5:53am
EURJPY long let’s take out the highs
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My telegram: https://t.me/avidforex
  • #761,571
  • Jul 27, 2023 5:53am Jul 27, 2023 5:53am
Quoting Ferna
{quote} They are doing something very clever.
What are you thinking?
  • #761,572
  • Jul 27, 2023 5:54am Jul 27, 2023 5:54am
Quoting BigNumbers
EURJPY long let’s take out the highs {image}
This double top looks too nice and easy to not to be broken by entities.
It's almost 1/1 it will be broken.
  • #761,573
  • Jul 27, 2023 5:55am Jul 27, 2023 5:55am
A last Push to Upside ?
Previous Resistance turned Support now aligned with Fib.
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  • #761,574
  • Jul 27, 2023 6:00am Jul 27, 2023 6:00am
Quoting ScalaFX
{quote} partial closed and worst positons, rest protected, give me that 2920
end of shorts, now switching to long first now 2955, pendings 2945, 2935, 2925 targeting 3000
People don't plan to lose. They lose because they don't plan.
  • #761,575
  • Jul 27, 2023 6:02am Jul 27, 2023 6:02am
Price dropped below res at 1.29640
I predicted 70 pips drop from the high of the day
1.29250 from 1.29950
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yes yes yes
  • #761,576
  • Jul 27, 2023 6:06am Jul 27, 2023 6:06am
closed all at 2950..we're on mid bands H1...
price could bounce back hard..feeling scary..trade safe
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  • #761,577
  • Jul 27, 2023 6:13am Jul 27, 2023 6:13am
Quoting TheWraith
{quote} What are you thinking?
They are looking ahead, while US/Europe are putting out fires.
Always keeping focus on them attracting capital. Carry trades, stocks, entertainment, science. Not bad for an Island who's only economic resource is supposed to be fish.
You have an IQ lower than 90 if you interact with this user.
  • #761,578
  • Jul 27, 2023 6:14am Jul 27, 2023 6:14am
Crap SL hit and gone up now looking for new opportunities
Insane in the Brain..
  • #761,579
  • Jul 27, 2023 6:18am Jul 27, 2023 6:18am
Quoting BeeTogether
Crap SL hit and gone up now looking for new opportunities
Tight SL is killer. That's why we should go with lower lot size and bigger SL.

It's also f frustrating when it hits SL and goes your way.
  • #761,580
  • Jul 27, 2023 6:19am Jul 27, 2023 6:19am
my view...prepare to hit 3000 ..take seller sl then down..lol
or break 3000 and continue to 3100...
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