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Cable Update (GBPUSD)

  • #833,421
  • Jul 25, 2024 5:09am Jul 25, 2024 5:09am
...so today so far, a false 1st downside b/o of Asian lo then Y/day lo, -then- a false 1st upside b/o of Asian hi, -and then- a 2nd downside b/o of asian lo, which is looking false too....that's how it has been so far, and for the last hour or so - glacially slow as well, after the earlier momentum. 62% of 30day adr traveled so far today, but that metric is, as of today, down to 63pips!

Wide prev 1hr sw hi and lo zones lead up to the current dly hi and lo respectively.

4hr (with 10/20/40 ema crosses graphic) / 1hr below
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Trader with an Edge.
  • #833,422
  • Edited 5:31am Jul 25, 2024 5:12am | Edited 5:31am
Going long because I think GBP is holding well around 1.28800 level. Targeting previos day high
Update*breakeven
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  • #833,423
  • Jul 25, 2024 5:13am Jul 25, 2024 5:13am
Quoting Headland
...so today so far, a false 1st downside b/o of Asian lo then Y/day lo, -then- a false 1st upside b/o of Asian hi, -and then- a 2nd downside b/o of asian lo, which is looking false too....that's how it has been so far, and for the last hour or so - glacially slow as well, after the earlier momentum. 62% of 30day adr traveled so far today, but that metric is, as of today, down to 63pips! Wide prev 1hr sw hi and lo zones lead up to the current dly hi and lo respectively. 4hr (with 10/20/40 ema crosses graphic) / 1hr below {image}
As always, great analysis!
Valuable insights!
  • #833,424
  • Jul 25, 2024 5:14am Jul 25, 2024 5:14am
JPY keeps strong this week
USD still stable
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  • #833,425
  • Jul 25, 2024 5:15am Jul 25, 2024 5:15am
GU will go up 1.2940-50 then move down
Time to Buy to earn 50-60 pips
  • #833,426
  • Jul 25, 2024 5:16am Jul 25, 2024 5:16am
Quoting 3xtazzy
Going long because I think GBP is holding well around 1.28800 level. Targeting previos day high {image}
Good entry point, I closed my scalps for now

DRE 1 - 0 Market
  • #833,427
  • Jul 25, 2024 5:16am Jul 25, 2024 5:16am
Buy
Sell
Wait
With courage, patience, and discipline, success is a matter of time.
  • #833,428
  • Jul 25, 2024 5:26am Jul 25, 2024 5:26am
Quoting JameRomeo168
Buy Sell Wait
calibrate your instruments, get ready, search for an opportunity and take it!

ONE SHOT ONE KILL
  • #833,429
  • Jul 25, 2024 5:44am Jul 25, 2024 5:44am
Quoting mturabkhan
GU will go up 1.2940-50 then move down Time to Buy to earn 50-60 pips
Your only mistake was you said price "WILL" go up.... so.... WHY will it go up?
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Emotional Control. Process, not outcome.
  • #833,430
  • Jul 25, 2024 5:55am Jul 25, 2024 5:55am
Quoting Konichiwhaat
{quote} Your only mistake was you said price "WILL" go up.... so.... WHY will it go up? {image}
trust him bro
How to succeed in zero sum game?
  • #833,431
  • Jul 25, 2024 5:57am Jul 25, 2024 5:57am
Quoting Pat Chiko
{quote} Sakimer. Tell me the truth... What's the secret ? How many Sake average Japanese consume. ? {image}
As the theory, radioactive exposure after Hirosimo and Nagasaki nuclear bomb made their immune stronger among future generation that lives nowadays.
  • #833,432
  • Jul 25, 2024 6:00am Jul 25, 2024 6:00am
Selling GOLD
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  • #833,433
  • Jul 25, 2024 6:07am Jul 25, 2024 6:07am
Quoting dempire1
{quote} trust him bro
Sorry, but I'm not a religious person in any shape or form
Emotional Control. Process, not outcome.
  • #833,434
  • Jul 25, 2024 6:15am Jul 25, 2024 6:15am
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yes yes yes
  • #833,435
  • Jul 25, 2024 6:17am Jul 25, 2024 6:17am
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yes yes yes
  • #833,436
  • Edited 6:36am Jul 25, 2024 6:17am | Edited 6:36am
Quoting Konichiwhaat
{quote} Your only mistake was you said price "WILL" go up.... so.... WHY will it go up? {image}
Sir, i can be wrong, i was thinking that 4th 1st wave has been completed and it will go up for correction but after recounting them i now have realized that em wrong coz correction has already been completed till 1.2940 and its moving down towards 1.2815/2780... it is never recommended to buy/sell in B wave. 1st of all if i wud have taken a risk i would take few pip risk with min lot size.. coz overall we know its moving down at any cost ... i would prefer to buy/sell in A and C wave always... B is very deceptive...
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  • #833,437
  • Jul 25, 2024 6:21am Jul 25, 2024 6:21am
BOOM! One Shot One Kill

Sold the USD heavy
Taking partials and setting SL to BE
  • #833,438
  • Jul 25, 2024 6:22am Jul 25, 2024 6:22am
Quoting dempire1
{quote} trust him bro
No Sir, i am learner like others , i could see best and seasoned traders here i respect all. we should find the best possible trade setup. if one doesn't succeed then we should know and have a logic for the counter moves and should avail them...
  • #833,439
  • Jul 25, 2024 6:27am Jul 25, 2024 6:27am
And it’s going down…
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  • #833,440
  • Jul 25, 2024 6:34am Jul 25, 2024 6:34am
It’s hovering on the daily S1 line. If we do break it could be a chance for the lower 128s today
Insane in the Brain..
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