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Cable Update (GBPUSD)

  • #761,961
  • Jul 27, 2023 11:50pm Jul 27, 2023 11:50pm
Quoting dantpm
{quote} 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?
Check daily FIBO indicator.

23 % extension to yesterday range.

Yesterday range is 200 pips

23 % extension is 0.23 x 200 = 46 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 16 KB
Intraday only.
  • #761,962
  • Jul 27, 2023 11:52pm Jul 27, 2023 11:52pm
Quoting Waveskierrob
{quote} can be done with a big bank and a lot of patience...
no no no.


no big bank, no patience.
I didn’t see where a possible valid stop.
took the lost, coffee, one or two FIFA video matches and Im cool to back to FUCKING lose more.
  • #761,963
  • Jul 27, 2023 11:54pm Jul 27, 2023 11:54pm
*crazy day
  • #761,964
  • Jul 27, 2023 11:56pm Jul 27, 2023 11:56pm
Quoting TheWraith
{quote} Update on these trades I took. All closed. Some winners, some losers. In the end, not bad at all. {image}
you should've kept usdcad and eurgbp open, eurgbp is going up! usdcad is probably starting to move down (inverse ascending wedge pattern)
  • #761,965
  • Jul 27, 2023 11:56pm Jul 27, 2023 11:56pm
Quoting dantpm
{quote} 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?
the daily extension is calculated from daily open price as you see.

The " 0 " line

Thereafter you check 4 hr candle open ....
Intraday only.
  • #761,966
  • Jul 28, 2023 12:00am Jul 28, 2023 12:00am
Quoting TheWraith
{quote} 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...
I miss gu trade. I was taking my niece having her english course. I have long & tp at 3000. Miss by few pips and hit my be+ when i was away.
Don't mind me.. i'm crazy
  • #761,967
  • Jul 28, 2023 12:01am Jul 28, 2023 12:01am
Quoting navk
{quote} Check daily FIBO indicator. 23 % extension to yesterday range. Yesterday range is 200 pips 23 % extension is 0.23 x 200 = 46 pips. {image}
Thanks. If yesterdays move was speculation about a BOJ rate change and since today they have clarified their intention now if the market believes them then we should try to reverse yesterdays gains. This suggests that we are moving the wrong way so far as the algorithms digest available orders. With the open of LO and NY we should see big changes. How the algorithms digest those changes will be the money making question. The other option is that central banks sit on the side lines and watch how the markets handle the end of the week/month. My hunch is we are in for volatility today and Monday!
  • #761,968
  • Jul 28, 2023 12:01am Jul 28, 2023 12:01am
-$7 long position sl hit

*small account
  • #761,969
  • Jul 28, 2023 12:02am Jul 28, 2023 12:02am
Quoting sajad.g
{quote} you should've kept usdcad and eurgbp open, eurgbp is going up! usdcad is probably starting to move down (inverse ascending wedge pattern)
True, could be!
However, I will not trade this slow pairs anymore, so I closed the positions. They are really too slow, like a snail.

Thanks though!
  • #761,970
  • Jul 28, 2023 12:04am Jul 28, 2023 12:04am
Quoting purevenom
{quote} I miss gu trade. I was taking my niece having her english course. I have long & tp at 3000. Miss by few pips and hit my be+ when i was away.
Ah... well that sucks!
Don't worry! I missed the news from BoJ yesterday because I was just in the car getting off from work.

So, we both missed something!
  • #761,971
  • Jul 28, 2023 12:06am Jul 28, 2023 12:06am
will be back at NFP to revenge trades
  • #761,972
  • Jul 28, 2023 12:07am Jul 28, 2023 12:07am
Quoting voeltoez
will be back at NFP to revenge trades
Calm summers in FX are over!
  • #761,973
  • Jul 28, 2023 12:07am Jul 28, 2023 12:07am
Quoting navk
{quote} Check daily FIBO indicator. 23 % extension to yesterday range. Yesterday range is 200 pips 23 % extension is 0.23 x 200 = 46 pips. {image}
but that is not yesterday daily range
  • #761,974
  • Jul 28, 2023 12:08am Jul 28, 2023 12:08am
Quoting voeltoez
will be back at NFP to revenge trades
Today.. I want at least half recovery.
  • #761,975
  • Jul 28, 2023 12:09am Jul 28, 2023 12:09am
GBP/USD Weekly Chart

S1 is close, at ~1.27350.
Let's see the reaction there and if it will hold.

If it doesn't than 1.26 is next.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 18 KB
  • #761,976
  • Jul 28, 2023 12:16am Jul 28, 2023 12:16am
Quoting Whale
{quote} but that is not yesterday daily range
it is fibo range of today based on yesterday range.
If price retraces upwards by 38 to 50 % first, then down trend is expected to continue.
However if prive extends downside first by 23 to 38 % upward move is ecpected
Intraday only.
  • #761,977
  • Jul 28, 2023 12:17am Jul 28, 2023 12:17am
Euraud short @ 1.6482
POSTMASTER
  • #761,978
  • Jul 28, 2023 12:17am Jul 28, 2023 12:17am
today me and my jpy positions coming very close to profit, BUT:
*the man running = jpy
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  • #761,979
  • Jul 28, 2023 12:17am Jul 28, 2023 12:17am
For me, 2760 to 2860 today
Intraday only.
  • #761,980
  • Jul 28, 2023 12:17am Jul 28, 2023 12:17am
GBP/USD

Went Short @ 1.27831
SL @ 1.28331

Coffee time, see ya later fellas!
Attached Image (click to enlarge)
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