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Cable Update (GBPUSD)

  • #770,421
  • Aug 25, 2023 4:00am Aug 25, 2023 4:00am
Quoting monaghan
For me area of confluence, three touch trendline broken to the upside, looking to break above Bollinger, but going against 4hr, high risk going long, but what the hell its Friday, yesterdays post give me a nice win, so stop loss is covered {image}
Out for +13 pips folks, good luck all
  • #770,422
  • Aug 25, 2023 4:01am Aug 25, 2023 4:01am
1.26 has failed.
i will look for short setups.

we all know U shape recovery (aka fast reverse of price within minutes) can happen with this pair. trade safe guys.
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  • #770,423
  • Aug 25, 2023 4:06am Aug 25, 2023 4:06am
im done today
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  • #770,424
  • Aug 25, 2023 4:07am Aug 25, 2023 4:07am
Quoting monaghan
{quote} Out for +13 pips folks, good luck all
I should have added price thus far cannot penetrate the middle Bollinger Band, so for me looks like we will trend down again
  • #770,425
  • Aug 25, 2023 4:12am Aug 25, 2023 4:12am
Client Sentiment just shifted heavely against USD. Reason why price is reluctant to reach 1.263 but it will have to. After that I definitely Sell.
  • #770,426
  • Aug 25, 2023 4:17am Aug 25, 2023 4:17am
Quoting Nordling
{quote} Nailed it on GU. Gold is still at the same price as yesterday. I will keep these two positions. Let's see how they will work out tomorrow.
Closed all and took the profits. I am not gonna jump in until some central banker indicates an obvious direction at Jackson Hole
You have to have an IQ higher than 90 to interact with this user.
  • #770,427
  • Aug 25, 2023 4:28am Aug 25, 2023 4:28am
Quoting ScalaFX
{quote} closed, sharching for short now shorted 2580 for 2500 SL 2610
second short 2590
People don't plan to lose. They lose because they don't plan.
  • #770,428
  • Edited 4:47am Aug 25, 2023 4:31am | Edited 4:47am
Quoting W0lfram
Aug median body -141 pips {image} {image}
Quoting W0lfram
{quote} Imo, 1.286 is fair target for pullbacks, bought 1.263 {image}
1.286 didn't worked out. Only argument (from my narrow perspective) for bulls now is tiny open_high wick on Monthly candle, which happens sometimes Same on gold.
Monthly close < 1.26, my eyes on 1.244 in September.
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DX
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Air force
  • #770,429
  • Edited 5:10am Aug 25, 2023 4:33am | Edited 5:10am
Quoting Nordling
{quote} Closed all and took the profits. I am not gonna jump in until some central banker indicates an obvious direction at Jackson Hole
J.Powell and Lagarde will speak at the press conference today. Both will be very important.

Tips and hints that can help traders today:

1) Hawkish questions (will ya keep hiking rates?) + " we are data dependant" answers from central bankers = dovish market reaction.

2) Dovish questions (will ya pause?) from press members + "data dependant" answers from central bankers = hawkish market reaction.

Pay attention to the questions.
You have to have an IQ higher than 90 to interact with this user.
  • #770,430
  • Aug 25, 2023 4:37am Aug 25, 2023 4:37am
Quoting Wavegarrick
{quote} In my opinion Gu is setting up for another leg down. Having said triple bottom and descending trend line needs to go. Trade safe, Cheers. {image}
You are a great man with great analysis too! Hopefully you are always given health so that you can continue to share...
  • #770,431
  • Aug 25, 2023 4:39am Aug 25, 2023 4:39am
Couple of quickies. All positions closed.
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How to succeed in zero sum game?
  • #770,432
  • Aug 25, 2023 4:56am Aug 25, 2023 4:56am
Quoting Fardeen1209
EU Anyone see other possibilities for mid-term? {image}
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  • #770,433
  • Aug 25, 2023 5:01am Aug 25, 2023 5:01am
Quoting Georginson
{quote} 1.2565 target for this quarter is almost attained, now a powerful reversal may begin which will likely take place from 1.24 - 1.25 area for 1.33 target... Bought 1.2580 target 1.2680.
Great analysis brother! I'm a new trader, so I still need to learn a lot from people like you. I understand that there are no chart indicators that know for sure where the price will move, but I am willing to learn from the experiences of people like you, will increase my knowledge about trading and increase my probability of making a profit. warm regards from me in Indonesia.
  • #770,434
  • Aug 25, 2023 5:17am Aug 25, 2023 5:17am
Quoting Moty
price will raqnge at 1.26000 zone until powell {image}
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yes yes yes
  • #770,435
  • Aug 25, 2023 5:18am Aug 25, 2023 5:18am
Quoting Petruk
{quote} Great analysis brother! I'm a new trader, so I still need to learn a lot from people like you. I understand that there are no chart indicators that know for sure where the price will move, but I am willing to learn from the experiences of people like you, will increase my knowledge about trading and increase my probability of making a profit. warm regards from me in Indonesia.
Thanks for the acknowledgement. We are all learning in this ever evolving market conditions. The key is to adapt and apply reasonable risk management so as to stay in the business for a long term. No perfect strategy but there can be adaptable strategies.

Trade safe and have a very productive trading path.
Data + Stat + Risk/Emotions Management
  • #770,436
  • Aug 25, 2023 5:27am Aug 25, 2023 5:27am
Long on GBPUSD. Expecting price to touch 1.26600(previous support on 4h time frame)
  • #770,437
  • Aug 25, 2023 5:32am Aug 25, 2023 5:32am
Quoting TheWraith
GBP/USD Went Long SL 50 Pips TP 1.33 Daily, Weekly and Monthly Charts with levels. On Daily Chart price has broken the Buy Zone Line. If Sell is to continue it should come back to Resistance at 1.263 and test it before the drop. Currently Weekly Buy Zone Line is in question! If it fails Bears won the battle, however not the war! Although, Bears winning the battle means the following: Price will get to at least 1.237 which is S1 on Monthly Chart S2 on Monthly Chart is at 1.214 and should be the most important one. Last, S3 on Weekly is at 1.189....
TP-ed just now. Now, I wait to see how this situation will resolve. If I see 1.263 before Powell I'll go Short.
  • #770,438
  • Aug 25, 2023 5:33am Aug 25, 2023 5:33am
itchy fingers wants to.play..
clear bull scalp m30 GU EU
sl below sar
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  • #770,439
  • Aug 25, 2023 5:36am Aug 25, 2023 5:36am
Quoting TheWraith
{quote} TP-ed just now. Now, I wait to see how this situation will resolve. If I see 1.263 before Powell I'll go Short.
If 1.26070 is broken on 30 minutes time frame then LL-LH trend is broken and price may continue till 1.26600 with HH-HL TREND.
  • #770,440
  • Aug 25, 2023 5:37am Aug 25, 2023 5:37am
Quoting Zebi
{quote} im surprised so many people got surprised today LOL...dont trust your shitbag brokers charts gentlemen ...i called it 23 hours ago LOL.. ..after price does the obligatory touch of that low from underneath it will keep falling i got ebven more bad news for the bools...weekly price is gona land on those red lines...may take months but will happen as certain as the boogers growing inside your noses and you heard it from zebi first {image} {image}
im surprised so many people got surprised today LOL

So, you didn't want to feel left out, I guess? Jus' sayin'. . .
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