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Cable Update (GBPUSD)

  • #832,341
  • Jul 15, 2024 11:27am Jul 15, 2024 11:27am
Quoting Jackoboms
{quote} Bears waking up or pretending
may take advantage before news ! and nothing can be new as he already complicated , not trustworthy . so possible giving good space to jump up , over next supports 2965 and 57! waiting to see how react!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #832,342
  • Jul 15, 2024 11:41am Jul 15, 2024 11:41am
Quoting Jackoboms
{quote} Overbought refers to a security which has been subject to a persistent upward pressure and that technical analysis suggests is due for a correction. The bullish trend may be due to positive news regarding the underlying company, industry or market in general. Buying pressure can feed on itself and lead to continued bullishness beyond what many traders consider reasonable. When this is the case, traders refer to the asset as overbought and many will bet on a reversal. It's a term that exist and there is such thing as overbought.
Good post, so at what price was the GU overbought and who decides that it's the overbought price...
  • #832,343
  • Jul 15, 2024 11:46am Jul 15, 2024 11:46am
Lmao, Powell took me by surprise.
That small spike.
Exhausted
  • #832,344
  • Jul 15, 2024 11:50am Jul 15, 2024 11:50am
Never liked the term of overbought and oversold.
And never used it for trading.
Sure it may measure the strength of buying/selling but it doesn't mean OB/OS = instant entries.
Exhausted
  • #832,345
  • Jul 15, 2024 11:54am Jul 15, 2024 11:54am
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yes yes yes
  • #832,346
  • Jul 15, 2024 11:58am Jul 15, 2024 11:58am
Im out, today was a good day. +25 pips from highest layer (x4 layers). I was tempted to leave it overnight but i have to stick to my day trading / scalping plan.
Happy trades everyone.
  • #832,347
  • Jul 15, 2024 11:59am Jul 15, 2024 11:59am
Quoting Moty
Let's go for the aggressive approach 7.5 pips sl 10 pips tp {image}
what are you doing?
  • #832,348
  • Jul 15, 2024 12:01pm Jul 15, 2024 12:01pm
Crooky false breaker squeeze mf
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yes yes yes
  • #832,349
  • Jul 15, 2024 12:03pm Jul 15, 2024 12:03pm
Quoting Moty
Let's go for the aggressive approach 7.5 pips sl 10 pips tp {image}
7.5 sl
10 tp...ok
  • #832,350
  • Jul 15, 2024 12:04pm Jul 15, 2024 12:04pm
Quoting thevisitor
{quote} 7.5 sl 10 tp...ok


i love MOTY man
  • #832,351
  • Jul 15, 2024 12:06pm Jul 15, 2024 12:06pm
Interesting calibration of Macd charts Moty has there, proving that you can get indicators to look any way you like to a greater extent.
  • #832,352
  • Jul 15, 2024 12:06pm Jul 15, 2024 12:06pm
Quoting Elysion
Never liked the term of overbought and oversold. And never used it for trading. Sure it may measure the strength of buying/selling but it doesn't mean OB/OS = instant entries.
yes, it is crap..even you think its overbought it flips north..200 pips
vice versa
  • #832,353
  • Jul 15, 2024 12:10pm Jul 15, 2024 12:10pm
Quoting xDREx
{quote} i love MOTY man
tomorrow another strategy..5 pips tp, 3 pips sl
don't forget another 2 more indies
  • #832,354
  • Jul 15, 2024 12:18pm Jul 15, 2024 12:18pm
Quoting thevisitor
{quote} yes, it is crap..even you think its overbought it flips north..200 pips vice versa
that's the big part of this game..shake out the losers
  • #832,355
  • Jul 15, 2024 12:20pm Jul 15, 2024 12:20pm
Quoting Wavegarrick
{quote} Momentum does not change in a Jiffy, Folks. 1.3000000 is so close I can smell it. Buy trade at 1.29098. Cheers {image}
The above trade currently in 63 pips profit. I am juggling between trade closure and opting to hold because I know we can retrace towards my weekly pivot at 1.29178 ish. 1.300000 is imminent, and I have chosen the latter, with stop moved up for a test of 1.300000.
Have a great week, Cheers.
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Trade to trade another day
  • #832,356
  • Jul 15, 2024 12:21pm Jul 15, 2024 12:21pm
current this is a buy for me
don't follow me
TP 1.32
  • #832,357
  • Jul 15, 2024 12:27pm Jul 15, 2024 12:27pm
Is anyone here familiar with Lambert's CCI and how and what for did he design this indicator?
If you're interested check the link. https://en.wikipedia.org/wiki/Commodity_channel_index
Always trade your own plan...I don't provide trading signals.
  • #832,358
  • Jul 15, 2024 12:33pm Jul 15, 2024 12:33pm
Quoting Coreg2004
Is anyone here familiar with Lambert's CCI and how and what for did he design this indicator? If you're interested check the link. https://en.wikipedia.org/wiki/Commodity_channel_index
Coreg, tried CCI, 15 years ago but it is another useless indicator..
it is overbought/ oversold...nothing helpful
  • #832,359
  • Jul 15, 2024 12:37pm Jul 15, 2024 12:37pm
Quoting ScalaFX
{quote} Yes! Overextended to 2434 my positions will be holding to 2300 and under SL 2455
so far so good, hope for good deep correction to blow some buyers, GU the same
People don't plan to lose. They lose because they don't plan.
  • #832,360
  • Jul 15, 2024 12:38pm Jul 15, 2024 12:38pm
Quoting Wavegarrick
{quote} The above trade currently in 63 pips profit. I am juggling between trade closure and opting to hold because I know we can retrace towards my weekly pivot at 1.29178 ish. 1.300000 is imminent, and I have chosen the latter, with stop moved up for a test of 1.300000. Have a great week, Cheers. {image}
Another post in profit, how do you do it Leon , you're the best
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