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Cable Update (GBPUSD)

  • #765,321
  • Aug 8, 2023 11:11am Aug 8, 2023 11:11am
Quoting papuasu
{quote} I think it is
ok , i hear you
closed long with 64 $ profit
took short
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yes yes yes
  • #765,322
  • Aug 8, 2023 11:14am Aug 8, 2023 11:14am
Quoting Moty
{quote} ok , i hear you closed long with 64 $ profit took short {image}
Was this subconscious decision to close at 64$ of profit because chess related image was posted here today? Chessboard has 64 squares...

LoL
  • #765,323
  • Aug 8, 2023 11:17am Aug 8, 2023 11:17am
Quoting Pat Chiko
{quote} OK. Thanks for your view.
Bro, GDPnow at >4% is it something we should be worried about?
Something is off with USGDP figure.
More time in the market, does not mean you trade better!
  • #765,324
  • Aug 8, 2023 11:27am Aug 8, 2023 11:27am
saved by DXY hard 102.80 .... again.
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  • #765,325
  • Aug 8, 2023 11:29am Aug 8, 2023 11:29am
Quoting Moty
{quote} ok , i hear you closed long with 64 $ profit took short {image}
Moty Moty Moty - stick with your own analysis, not a vague statement that "thinks" something else might happen!
  • #765,326
  • Aug 8, 2023 11:29am Aug 8, 2023 11:29am
Waiting before I dump it. TP 1.2613 MN1
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  • #765,327
  • Aug 8, 2023 11:30am Aug 8, 2023 11:30am
Will the H4 close above 1.273? We'll see in half an hour.
However, there is one more R somewhere near that can also stop this retracement from heading any further.
  • #765,328
  • Aug 8, 2023 11:35am Aug 8, 2023 11:35am
Quoting DubaiFX
{quote} it looks good to sell Pound but we have 3rd August BOE meeting, and thats tricky, to be honest i am confused, for long term i can see Pound at 1.25 but for now i will stay away from the market, i am selling Pound small trade but i will go with Cross pairs rather then GU, GY or GAU or GNZ might be better idea, so i will put in few small lots just to see how things go from here, but i am Not convinced to BUY POUND thats not on the card for me. let see from next week, for now i am trading EURAUD and EURNZD. "but Powell is trying...
As i mentioned a Week a Ago 1.25 was on the Cards and it may hit that on CPI to Tomorrow also,
but that is all now it looks like Pound may make a Good Drop before Reversal,
and it could hit 1.28-1.29 again,
i am buy buying or Selling to be honest just my 2 Cents be Careful tomorrow and Thursday it will get Crazy,
and lot of retail traders may get screwed because the stop loss could hit very fast,
but all in all, buying untill 1.25 is still not an option for me and selling it is tricky now,
so i will wait for Thursday to decide if i am Buying then which pair and When,
for now AUD and NZD is toast due ot weak chinese data,
but GBPNZD and GBPAUD is at Yearly high so if i am going this week with AUD or NZD i will again be selling GBPAUD GBPNZD EURAUD EURNZD all on top techincally speaking Reversal Might be in Place,
Good Luck Guys.
Don't compare your Trades with Others
  • #765,329
  • Aug 8, 2023 11:36am Aug 8, 2023 11:36am
Quoting Whale
Short 1.2727
Sl?
  • #765,330
  • Aug 8, 2023 11:47am Aug 8, 2023 11:47am
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yes yes yes
  • #765,331
  • Aug 8, 2023 11:48am Aug 8, 2023 11:48am
Quoting Georginson
{quote} Hello Coreg, I'm not taking sides here, I only want this endless chaos to end especially among senior members like you, Leon, Chiko and Skierobb. This is taking too long to continue. Please I'm begging all involved to call for truce and let's move in peace. No one is perfect but we should all strive to help one another. I wish you and everyone well. Peace.
i agree.

This is still a kindergarten here and I will stay away from it as long as I can
trading is like dancing, don't think and just listen to the music!
  • #765,332
  • Aug 8, 2023 11:49am Aug 8, 2023 11:49am
Quoting Wavegarrick
{quote} I need to clear the air where it is claimed/assumed that when I exit I suddenly have more trades making it look suspicious. Let me explain how I work. Averaging down is a trading strategy used by many traders and investors. When the price drops after you buy it, you do not exit with a loss but instead, buy more. By repeating this process several times, the average purchase price becomes lower. As I don't have time to sit and post trades and charts all day long I usually add trades 10 to 20 pips lower when price drops after I buy. I have...
Off setting trades. Hedge sell trades vs buy trades. Closed 7 buy trades vs 2 sell trades = 42 pips profit today. One buy trade locked at break even and some. I have many trades up yonder and down under to offset stuff ups, which fortunately I have not touched yet.
Caution to the wind. I am a short, medium to long term trader and it is nothing to have a trade in 75 to 100 pips draw down. Please do not compare me to a day trader as I have nothing in common. Range conditions is a long term traders nemesis but there is a work around, as I have stated above.
Rangy conditions and I await clear direction.
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Longer term view from a weekly perspective remains bullish in my view,
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Cheers.
Trade to trade another day
  • #765,333
  • Aug 8, 2023 12:08pm Aug 8, 2023 12:08pm
Sorry guys...still long for 1.2880.
No shorts for me..trade save!!

No Kindergarten
  • #765,334
  • Aug 8, 2023 12:15pm Aug 8, 2023 12:15pm
Quoting Coreg2004
{quote} Georginson, that's what I try to do here. I had already had my 15 min of fame a long time ago. Always aspire to keep a low profile, and don't evaluate other traders' trades/analyses, but become agitated when dishonest cowards attack me without presenting proof. I got 2 PMs from people expressing their support for me. They were afraid to do this in the thread fearing the cultists' wrath. I consider the subject closed, and let people with the knowledge of TA decide how much my posting here is worth.
Same here I have never mocked anybody's trading style...
  • #765,335
  • Edited 1:16pm Aug 8, 2023 12:20pm | Edited 1:16pm
Quoting birdland
{quote} i agree. This is still a kindergarten here and I will stay away from it as long as I can
128 Synonyms & Antonyms of UNDERHAND laughter behind baks...BATS Global Markets...TRUE Z waarachtig...make it heavy...if the globe was a glass ball i swallow it...shit happens like the septics of 9-11...
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  • #765,336
  • Aug 8, 2023 12:26pm Aug 8, 2023 12:26pm
Quoting Georginson
{quote} Hello Coreg, I'm not taking sides here, I only want this endless chaos to end especially among senior members like you, Leon, Chiko and Skierobb. This is taking too long to continue. Please I'm begging all involved to call for truce and let's move in peace. No one is perfect but we should all strive to help one another. I wish you and everyone well. Peace.
Great post Georgie " I swear never to mock anyone else's post, as long as everyone does the same" ...we'll see...
  • #765,337
  • Aug 8, 2023 12:27pm Aug 8, 2023 12:27pm
Quoting thevisitor
Sorry guys...still long for 1.2880. No shorts for me..trade save!! No Kindergarten
1.2860 for long..overshoot 1.2880 possible
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  • #765,338
  • Aug 8, 2023 12:34pm Aug 8, 2023 12:34pm
Quoting thevisitor
{quote} 1.2860 for long..overshoot 1.2880 possible{image}
that overshoot could take out 129 depending on data
Insane in the Brain..
  • #765,339
  • Aug 8, 2023 12:40pm Aug 8, 2023 12:40pm
Quoting BeeTogether
{quote} that overshoot could take out 129 depending on data
I see 1.266 before 129.
EQL + FVG + Unmitgated 30mins OB + 1hr wave 5 of 4hr Wave 5 needs to be completed - then Daily corrective Wave C completed.
Inflationnow was approx 3.45% (not sure tho) need to look again once i get back home
More time in the market, does not mean you trade better!
  • #765,340
  • Aug 8, 2023 12:47pm Aug 8, 2023 12:47pm
Quoting martinez1
I just came in to see how it's going in here after staying away for some months but to my greatest surprise, have come to see that people no longer focus on their trades but busy fighting each other every single minute. This place is now so toxic with BAD ENEARGY. My Questions is this: all this name calling and fighting to what end???? You spend the time you don't even have fighting with someone you don't even know?? You spend your time on what does not count ??? You spend your time on who is trading nonsense and who is not??? That's one of the...
all this name calling and fighting to what end????

It's mostly self-ego stroking by people with self-image issues.
To free Gazans of Hamas, use whatever it takes.
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