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Cable Update (GBPUSD)

  • #833,661
  • Jul 29, 2024 4:26am Jul 29, 2024 4:26am
Quoting Georginson
{quote} The price will attack 1.32 around mid August if 1.2770 holds.
you are probably right. I would have put the stop at 1.2770 with a short had I taken a position
the cautious seldom err....C
  • #833,662
  • Jul 29, 2024 4:32am Jul 29, 2024 4:32am
Lets go. Stay focused.
  • #833,663
  • Jul 29, 2024 4:34am Jul 29, 2024 4:34am
Quoting pips29
{quote} you are probably right. I would have put the stop at 1.2770 with a short had I taken a position
I will have to move stop to 1.2770... this is the time of the year where swing trades will work but nerves will not allow one to attempt it due to previous months ultra slow motion moves.
Data + Stat + Risk/Emotions Management
  • #833,664
  • Jul 29, 2024 4:36am Jul 29, 2024 4:36am
Quoting Doya
TP:1.28400 {圖像}
goal achieved
A bullish turn is possible
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  • #833,665
  • Jul 29, 2024 4:46am Jul 29, 2024 4:46am
...the question @ current dly lo wasn't why would you go long - it was why wouldn't you go long? Price was testing the bottom of a prev dly/minor wkly sw hi zone = pot rbs, bottom of the 4hr part of a separate prev 1hr/4hr sw hi zone = pot rbs, and in a prev 1hr sw lo zone = pot supp, and there was the many times mentioned 3 fib cluster, as well as price being @ 123.6% downside ext of friday's dly candle, and having traveled beyond Dly S3 to 136% of 30day adr. Confluence, confluence, confluence - it's where the highest probability trading opportunities lie. What will happen next? No idea, but there is a good probability that the sellers will try again on the p/back. @ some point?

1hr below
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Trader with an Edge.
  • #833,666
  • Jul 29, 2024 5:01am Jul 29, 2024 5:01am
The market today:
Oh! UK might cut interest rates lets sell the pound!
few hours later, oh! I forgot US might also cut or at least signal to cut rates, let us sell the $
  • #833,667
  • Jul 29, 2024 5:04am Jul 29, 2024 5:04am
Quoting Abouelzelouf
The market today: Oh! UK might cut interest rates lets sell the pound! few hours later, oh! I forgot US might also cut or at least signal to cut rates, let us sell the $
when is Us and pund news is?
  • #833,668
  • Jul 29, 2024 5:12am Jul 29, 2024 5:12am
Quoting mturabkhan
{quote} when is Us and pund news is?
If only this and loads of other sites had an economic calender, this one on it's home page!
Trader with an Edge.
  • #833,669
  • Jul 29, 2024 5:16am Jul 29, 2024 5:16am
Quoting mturabkhan
{quote} when is Us and pund news is?
so aside from remarks and interviews etc, tomorrow JOLTS , Wednesday FOMC Thursday BoE Friday NFP
Insane in the Brain..
  • #833,670
  • Jul 29, 2024 5:25am Jul 29, 2024 5:25am
Good retrace from 12807 bears couldn’t take it to below 128! Missed the gravy train long
Insane in the Brain..
  • #833,671
  • Jul 29, 2024 5:31am Jul 29, 2024 5:31am
Quoting BeeTogether
{quote} so aside from remarks and interviews etc, tomorrow JOLTS , Wednesday FOMC Thursday BoE Friday NFP
thanks sir
  • #833,672
  • Jul 29, 2024 5:33am Jul 29, 2024 5:33am
Quoting ScalaFX
{quote} add 2814
First closed, last protected and taken some, targeting 2860
People don't plan to lose. They lose because they don't plan.
  • #833,673
  • Jul 29, 2024 5:47am Jul 29, 2024 5:47am
Quoting BeeTogether
Good retrace from 12807 bears couldn’t take it to below 128! Missed the gravy train long
5min led the way with regular bullish div (one of those where the histogram osc didn't get back below it's zero-axis = v. hi probability @ pot supp/ (opposite for res,) 15min extr o/s, 30min very o/s etc etc...

5min then 30min below
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Trader with an Edge.
  • #833,674
  • Jul 29, 2024 5:53am Jul 29, 2024 5:53am
Quoting mturabkhan
why it looks like GU has completed its correction and ready to move upwards? who can see C wave is completed ? May be the last leg 5th wave of 3rd wave is remaining till max 1.2815? And then it will rise again wht u can speculate?
Now Up UP UP
  • #833,675
  • Jul 29, 2024 5:56am Jul 29, 2024 5:56am
Quoting Headland
{quote} 5min led the way with regular bullish div (one of those where the histogram osc didn't get back below it's zero-axis = v. hi probability @ pot supp/ (opposite for res,) 15min extr o/s, 30min very o/s etc etc... 5min then 30min below {image} {image}
strange day not sure what the sell off was triggered by unless it was a gap fill. No major data releases either today.

im still shorting looking for TP at 12770-80 will see if we can have a break below 128 either today or tomorrow.
Insane in the Brain..
  • #833,676
  • Jul 29, 2024 6:01am Jul 29, 2024 6:01am
Quoting ScalaFX
{quote} First closed, last protected and taken some, targeting 2860
closing, enough
People don't plan to lose. They lose because they don't plan.
  • #833,677
  • Jul 29, 2024 6:21am Jul 29, 2024 6:21am
Quoting W0lfram
Short @ 1.2972 preliminary 1.282 and 1.268 {image}
close +150
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Quoting W0lfram
{quote} Close +70 1.2972 in place
Air force
  • #833,678
  • Jul 29, 2024 6:35am Jul 29, 2024 6:35am
Quoting Pat Chiko
{quote} GU Update scalping position. The following chart is my guessing only. This is not trade signal.{image} {image}
GU

Win tiny
Loss bigger......


Re-N3
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #833,679
  • Jul 29, 2024 6:36am Jul 29, 2024 6:36am
  • #833,680
  • Jul 29, 2024 6:40am Jul 29, 2024 6:40am
Quoting Pat Chiko
{quote} Hi, Im a learner. Just wanting to know what are U looking at that trigger the short trades ?. Here's my empty chart. This is got UJ & GJ only. I havent analyse others. I only can see price is sitting at Daily support level and yet to get tested Thanks in advance foe sharing your trade ideas to newbie like me. Regards PAT{image} {image}
GJ

Scalp for correction to Daily FVG
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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