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Cable Update (GBPUSD)

  • #832,801
  • Jul 18, 2024 2:34pm Jul 18, 2024 2:34pm
Took long 2943 for the day.
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Intraday only.
  • #832,802
  • Jul 18, 2024 2:35pm Jul 18, 2024 2:35pm
This long position is only for scalp.

Expect a bearish daily candle on Friday
Intraday only.
  • #832,803
  • Jul 18, 2024 2:43pm Jul 18, 2024 2:43pm
Quoting Georginson
{quote} Bought 1.3000, target 1.3100 stop 1.2950
Horrible... No other way to describe it. How about trend being my friend? I seriously wonder what happened to 1.31.
Data + Stat + Risk/Emotions Management
  • #832,804
  • Jul 18, 2024 2:48pm Jul 18, 2024 2:48pm
Quoting Georginson
{quote} Horrible... No other way to describe it. How about trend being my friend? I seriously wonder what happened to 1.31.
your 2 sell propositins was perfect Goerge
People don't plan to lose. They lose because they don't plan.
  • #832,805
  • Jul 18, 2024 2:49pm Jul 18, 2024 2:49pm
Quoting Georginson
{quote} Horrible... No other way to describe it. How about trend being my friend? I seriously wonder what happened to 1.31.
George, there was enough indication to me ( by using 4hr HA candles ), today is going to be sell candle when asia opened yesterday evening to me.

Now, today, evening when asia opens, i want to see if daily HA candle opens red.

Since 2965 broke, I expect more selling on friday after small retrace in asia and London tonight to me.
Intraday only.
  • #832,806
  • Jul 18, 2024 2:54pm Jul 18, 2024 2:54pm
Quoting Fishbones
{quote} i think 1.3040-1.3050 is the next selling zone.
Looks like i ve naild this one… although i didn t belive my own scenario when price action didn t move for few hours in the 1.3050 area
  • #832,807
  • Jul 18, 2024 2:55pm Jul 18, 2024 2:55pm
Congratulations to everyone who profited today!
Better luck next time to those who didn't..
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  • #832,808
  • Jul 18, 2024 2:59pm Jul 18, 2024 2:59pm
  •  sam02
  • | Joined Apr 2014 | Status: Learn and assured of it 2Tim.3:14 | 93 Posts
Expect a Bullish daily candle on Friday
  • #832,809
  • Jul 18, 2024 3:06pm Jul 18, 2024 3:06pm
Quoting ScalaFX
{quote} your 2 sell propositins was perfect Goerge
I second guessed myself and now blaming myself.

Quoting navk
{quote} George, there was enough indication to me ( by using 4hr HA candles ), today is going to be sell candle when asia opened yesterday evening to me. Now, today, evening when asia opens, i want to see if daily HA candle opens red. Since 2965 broke, I expect more selling on friday after small retrace in asia and London tonight to me.
Yes, since weekly range is expected to be around 130 - 180 pips this week, we may complete the range to the downside around 1.2875 area which will mean 170 pips range... Crazy
Data + Stat + Risk/Emotions Management
  • #832,810
  • Jul 18, 2024 3:13pm Jul 18, 2024 3:13pm
Quoting mturabkhan
{quote} next 1.2924 BTW y its falling so drastically without correction. I won't expecting this much the same day
I’m not sure either it’s a decent fall maybe if anything the morning data started to make waves. More data tomorrow potentially not so important but it could make moves for 30-50 pips.

the main takeaway is that if the US don’t cut rates in September it may not until the elections are over. So it’s a potentially tread carefully situation.

from a BoE perspective it’s all about how many of the MPC vote for a cut since the price is already in for a no cut scenario. A lot of factors to play. We may have a range of 127-131 for a while.

going to my next move all depends on where we see the pound regain any momentum. Last years 131 area is my first area but from where maybe a drop to 128 or even 129 will be the springboard
Insane in the Brain..
  • #832,811
  • Jul 18, 2024 3:14pm Jul 18, 2024 3:14pm
Quoting Georginson
{quote} I second guessed myself and now blaming myself. {quote} Yes, since weekly range is expected to be around 130 - 180 pips this week, we may complete the range to the downside around 1.2875 area which will mean 170 pips range... Crazy
1.2875 is an half point and only get achieved if day 3 fail to reach quarter level, this week completed the quarter level ,i would love to see 1.30 back before 1.2875
MY OPINION NOT FINANCIAL ADVISE
  • #832,812
  • Jul 18, 2024 3:15pm Jul 18, 2024 3:15pm
Quoting sam02
Expect a Bullish daily candle on Friday
it is Friday so laws of averages show both bears and bulls come out to play. Data in the morning will be a useful indicator as to how the rest of the day goes
Insane in the Brain..
  • #832,813
  • Jul 18, 2024 3:28pm Jul 18, 2024 3:28pm
Quoting Georginson
{quote} I second guessed myself and now blaming myself. {quote} Yes, since weekly range is expected to be around 130 - 180 pips this week, we may complete the range to the downside around 1.2875 area which will mean 170 pips range... Crazy
You seem like you have head in the right place. Study US economy, inflation and interest rates business. The buy wasn't wrong. Fundamentally there isn't much going on until September probably. Folks taking profit and other ones panic selling.
How to succeed in zero sum game?
  • #832,814
  • Jul 18, 2024 3:58pm Jul 18, 2024 3:58pm
Quoting OperaniyiFx
{quote} nice call…. But I’m still holding my sell down to 1.2930
Now exited with $4300 profits

if I had called the signal here now they will say it’s a shity signal and gambling signal lol

13 years trading experience can’t be bought in dollars…. I’m proud of myself anytime. Cheers
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  • #832,815
  • Jul 18, 2024 4:03pm Jul 18, 2024 4:03pm
Quoting OperaniyiFx
if I had called the signal here now they will say it’s a shity signal and gambling signal lol
The dogs bark and the caravan goes by...

Congratulations! really nice profits for the day!

  • #832,816
  • Jul 18, 2024 6:03pm Jul 18, 2024 6:03pm
Quoting OperaniyiFx
{quote} Now exited with $4300 profits if I had called the signal here now they will say it’s a shity signal and gambling signal lol 13 years trading experience can’t be bought in dollars…. I’m proud of myself anytime. Cheers {image}
So you post a day of profits, well done, so all the other days over the last 13 years you made a loss...
  • #832,817
  • Jul 18, 2024 6:07pm Jul 18, 2024 6:07pm
New global currency impact, high probability that Biden will withdraw from the presidential race on Sunday!
  • #832,818
  • Jul 18, 2024 6:12pm Jul 18, 2024 6:12pm
Quoting Zebi
i went long 2978 on my oanda account
Quoting Zebi
{quote} gona add a GU long if this hourly candle closes green 45 minutes
that candle closed red so didn't buy and just got one small long at 2978

gona switch to 4h and take a buy sig on that during asia and drop back down to hourly if I'm still up at londontime

building a position for the inevitable retest of 3050
short trump and go long the deepstate
  • #832,819
  • Jul 18, 2024 6:16pm Jul 18, 2024 6:16pm
Quoting Pat Chiko
{quote} You got it all wrong Bro. The real answer is :{image} What is written is written

we'll see ..ill just watch the dollar chart


when biden quits we'll see if the dollar jumps for the dem win
short trump and go long the deepstate
  • #832,820
  • Jul 18, 2024 7:04pm Jul 18, 2024 7:04pm
since everyone else is posting pictures i thot I would too LOL
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short trump and go long the deepstate
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