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Cable Update (GBPUSD)

  • #761,941
  • Jul 27, 2023 9:20pm Jul 27, 2023 9:20pm
Quoting TheWraith
{quote} I think this is Japan intervening after they saw that all the Yen gains were lost in a minute.
this is incredible ..

GJ today 400+
  • #761,942
  • Jul 27, 2023 9:22pm Jul 27, 2023 9:22pm
Quoting Whale
{quote} this is incredible .. GJ today 400+
And more to come. Even those small M1 candles are 30 pips each hahah..
London will definitely have it's hands full today when it opens.

GBP/USD is on it's way to 1.26 or 1.255 as you said.

However!, 1.2735 is Weekly Support.
It might hold for today! Last S before 1.26.
  • #761,943
  • Jul 27, 2023 9:24pm Jul 27, 2023 9:24pm
Quoting TheWraith
{quote} And more to come. Even those small M1 candles are 30 pips each hahah.. London will definitely have it's hands full today when it opens. GBP/USD is on it's way to 1.26 or 1.255 as you said.
is Gu bullish or bearish? What’s the entry price for Bears ?
  • #761,944
  • Jul 27, 2023 9:25pm Jul 27, 2023 9:25pm
argh.. missing train..
i really had no idea right now
  • #761,945
  • Jul 27, 2023 9:26pm Jul 27, 2023 9:26pm
Quoting Bella.al
{quote} Adding chart with the above post. Blue {image}
getting close to my Objective 3 : 1.27393
Goddess of Thunder..
  • #761,946
  • Jul 27, 2023 9:27pm Jul 27, 2023 9:27pm
Awesome day. Manage to catch nearly 200 pips in less than an hour on EJ lol.
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Don't mind me.. i'm crazy
  • #761,947
  • Jul 27, 2023 9:27pm Jul 27, 2023 9:27pm
Quoting TheWraith
{quote} I think this is Japan intervening after they saw that all the Yen gains were lost in a minute.
I think this is the computer algorithms trying to digest the orders that exist right now. A lot would have been pulled yesterday leaving mainly speculative orders to drive price. With retail believing the bottom was in, the move gets exaggerated. Same today as retail anticipates a flip back to the way it was but the orders aren't there to support the move back. Look at Gold.
  • #761,948
  • Jul 27, 2023 9:30pm Jul 27, 2023 9:30pm
Quoting Tolpeters
{quote} is Gu bullish or bearish? What’s the entry price for Bears ?
I don't know the entry price. I got in at 1.29. Don't know what to suggest to you really, because price already dropped quite a good amount, so Shorting from here isn't as good even though it might drop another 100 pips down. How do you trade? You have indicators or just plain charts with R and S, trendlines, etc..?
  • #761,949
  • Jul 27, 2023 9:35pm Jul 27, 2023 9:35pm
Quoting purevenom
Awesome day. Manage to catch nearly 200 pips in less than an hour on EJ lol. {image}
I went Short @ 155.45 and TP-ed just now at 151.690*.

When Yen is crazy, it's showtime.

I also accidentally closed GBP/USD trade at 1.27698 from 1.29080 while I was closing Yen trades...
  • #761,950
  • Jul 27, 2023 9:37pm Jul 27, 2023 9:37pm
The next real challenges or questions are how long will it take the central bank orders to get put back in place and how will the algorithms move price?
  • #761,951
  • Jul 27, 2023 9:39pm Jul 27, 2023 9:39pm
Good day. Seems like one of those days in a while where the market may move back and forth by the 100s(pips). Be carefull
POSTMASTER
  • #761,952
  • Jul 27, 2023 9:39pm Jul 27, 2023 9:39pm
Usually, the price tests 123 to 138 % of previuous day range.

Now 123 % done... Thursday range is big range... so, 123 % might do.

Expect bounce from here to daily pivot pls.
Intraday only.
  • #761,953
  • Jul 27, 2023 9:39pm Jul 27, 2023 9:39pm
Quoting Bella.al
{quote} getting close to my Objective 3 : 1.27393

Current Plan is to leave trailing as it is at 1.28065 ( Locked +149 Pips ). i like to see this resistance hold for next price target.

Blue

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Goddess of Thunder..
  • #761,954
  • Jul 27, 2023 9:40pm Jul 27, 2023 9:40pm
Quoting Whale
{quote} im out.. -5190$, give me the most stupid trader trophy …
hello...
you are not alone..
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  • #761,955
  • Jul 27, 2023 9:41pm Jul 27, 2023 9:41pm
Quoting Robinhood1
Good day. Seems like one of those days in a while where the market may move back and forth by the 100s(pips). Be carefull
AI readjusting
POSTMASTER
  • #761,956
  • Jul 27, 2023 9:42pm Jul 27, 2023 9:42pm
Quoting TheWraith
Trades prepared. Based on Daily Chart signals. {image}
Update on these trades I took. All closed. Some winners, some losers. In the end, not bad at all.
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  • #761,957
  • Jul 27, 2023 9:43pm Jul 27, 2023 9:43pm
Quoting Whale
{quote} I bought a lot! At 1.2814, a lot! i don’t believe I risk so much money on that boy this is the story about the wish for 10 pips and risk 100 for that.
can be done with a big bank and a lot of patience...
  • #761,958
  • Jul 27, 2023 9:44pm Jul 27, 2023 9:44pm
Quoting navk
Usually, the price tests 123 to 138 % of previuous day range. Now 123 % done... Thursday range is big range... so, 123 % might do. Expect bounce from here to daily pivot pls.
Thursday's price range was over 200 pips and we haven't moved 25 so far today so what am I missing? Where is the 123% of yesterdays move?
  • #761,959
  • Jul 27, 2023 9:45pm Jul 27, 2023 9:45pm
Quoting voeltoez
{quote} hello... you are not alone.. {image}
Knock out.

let’s move on to another subject, I want to forget about it.
  • #761,960
  • Jul 27, 2023 9:50pm Jul 27, 2023 9:50pm
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POSTMASTER
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