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Cable Update (GBPUSD)

  • #834,121
  • Aug 1, 2024 3:25pm Aug 1, 2024 3:25pm
Price likely close below 1.2750, thats sign of dollar strenghten, all I see is small pullback for 1.28 max and down to 1.27 and 1.26 tomarrow, must see strong move up before I consider taking long positions for medium and long term
Gold is ready too I think for big correction, but can be busted if war develop
People don't plan to lose. They lose because they don't plan.
  • #834,122
  • Aug 1, 2024 3:57pm Aug 1, 2024 3:57pm
Quoting Georginson
Back at daily low yet again... Bought 1.2752... target 1.2800 stop 1.2733...

  • #834,123
  • Aug 1, 2024 4:03pm Aug 1, 2024 4:03pm
Quoting Pat Chiko
{quote} {quote} Trying to understand where the common ground for the disagreement. Georginson is suggesting that the MARKET is heavily manipulated. While market manipulation is possible, it would require a concerted effort among several major banks to coordinate their algorithms effectively. Given the vast size of the forex market, it is not easy for a single individual or entity to manipulate it on their own. Dempire is also correct. As indicated in the news conference yesterday, the Fed FOMC used more dovish language, but there was no indication...
one of the best posts i saw recently
  • #834,124
  • Aug 1, 2024 4:06pm Aug 1, 2024 4:06pm
Gold D1 indecision candle but red, morning star? Lets see tomarrow
People don't plan to lose. They lose because they don't plan.
  • #834,125
  • Aug 1, 2024 4:44pm Aug 1, 2024 4:44pm
Quoting vankiepsauff
Monthly Swing short at 1.2939 , 30 lots {image}
closed all at 1.2739 , 30 lots
vankiepsauff@gmail
  • #834,126
  • Aug 1, 2024 5:02pm Aug 1, 2024 5:02pm
Quoting vankiepsauff
{quote} closed all at 1.2739 , 30 lots
why you closed? I saw few times your charts, I saw there deep levels
People don't plan to lose. They lose because they don't plan.
  • #834,127
  • Aug 1, 2024 5:56pm Aug 1, 2024 5:56pm
Quoting Georginson
{quote} stop adjusted to 1.2720...
See the attached picture.

1.2859 resistance level is breached.

1.2864 held for pushing the price down.

1.2859 to 1.2864 is called manipulation.

This is just example.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rM15.png Size: 12 KB
Intraday only.
  • #834,128
  • Edited 6:11pm Aug 1, 2024 6:01pm | Edited 6:11pm
Quoting Georginson
{quote} stop adjusted to 1.2720...
Another example.

Today it happened.

1.2823 breached.

However 1.2839 held for pushing the price to 1.2725

1.2823 to 1.2839 is manipulation.

Another example of manipulation.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rM5.png Size: 12 KB
Intraday only.
  • #834,129
  • Edited 6:40pm Aug 1, 2024 6:07pm | Edited 6:40pm
Quoting Georginson
{quote} stop adjusted to 1.2720...
The level breach is to be expected always, it is called manipulation.

I learnt little bit, and did not study full, he said it will cost me 2750 $. All in those days
Intraday only.
  • #834,130
  • Aug 1, 2024 6:18pm Aug 1, 2024 6:18pm
Quoting donfriday
{quote} plan to risk 1k usd I already start loading buy at 1.2729 will add more until my total entry risk is 1k all sl will be at 1.2550 the total risk is less than 1% of my my account
Is it 100k account ?
Intraday only.
  • #834,131
  • Aug 1, 2024 7:03pm Aug 1, 2024 7:03pm
Quoting Georginson
{quote} stop adjusted to 1.2720...
Georginson, here is how to trade weekly range, free of charge. Don't pay anyone not even the dime, they won't tell you anything you already know. Just focus on one thing, weekly range.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.02 1H.png Size: 48 KB
Always trade your own plan...I don't provide trading signals.
  • #834,132
  • Aug 1, 2024 7:17pm Aug 1, 2024 7:17pm
Quoting Pat Chiko
{quote} Im trying to leanrn. May I know WHY going long, anything that trigger for quick reversal trades ?. Thanks in advance for answering
Pat, I was going long due to the 4hr chart possibly hitting resistance at the 1.2780 level. It did go into drawdown a fair bit, but then rebounded. This was kind of a scalp to be honest.

I was looking for it to then come up and retest the 4 hour descending trendline. The bottom trendline I have there is on the daily so I will watching to see if it comes back to test that or break through it.

That is just my thinking anyway.
Attached Image (click to enlarge)
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  • #834,133
  • Aug 1, 2024 9:53pm Aug 1, 2024 9:53pm
Quoting donfriday
i watched a video where the man said in a question on price manipulation he said if you believe the price is Manipulated what about you or any trader buying or selling at different price levels wanting price to go there way against big money, he asked is that not manipulation? {quote} price is manipulated? if the banks allow retail orders to move the market we simply don't stand a chance of winning infact 1% winner will be hard in fx.
yes, we do not have chance of winning.

We are nothing in front of banks
Intraday only.
  • #834,134
  • Aug 1, 2024 10:03pm Aug 1, 2024 10:03pm
Attached Image (click to enlarge)
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It so clear.
All you need is waiting
  • #834,135
  • Aug 1, 2024 10:16pm Aug 1, 2024 10:16pm
M5 scalping
Waiting break trenline and retest valid
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  • #834,136
  • Aug 1, 2024 11:15pm Aug 1, 2024 11:15pm
GBP/USD is also strong. BB-SQ, RSI is below 30. Is there a correction or uptrend? Watch out for small boxes on the chart. Wait for the BB to be released.
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  • #834,137
  • Aug 1, 2024 11:36pm Aug 1, 2024 11:36pm
Checking pa ,
https://www.forexfactory.com/thread/...7#post14951307
2737, 4053 may sell areas . Watching
Attached Image (click to enlarge)
Click to Enlarge Name: download - 2024-08-02T084318.905.png Size: 17 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #834,138
  • Aug 2, 2024 12:01am Aug 2, 2024 12:01am
Attached Image (click to enlarge)
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  • #834,139
  • Aug 2, 2024 12:02am Aug 2, 2024 12:02am
Quoting Coreg2004
{quote} Georginson, here is how to trade weekly range, free of charge. Don't pay anyone not even the dime, they won't tell you anything you already know. Just focus on one thing, weekly range. {image}
thanks mate, i did adjust my stop to 1.2700... but the weekly ranges have been quite inconsistent. I tend to like how you mapped it out.
Data + Stat + Risk/Emotions Management
  • #834,140
  • Aug 2, 2024 12:12am Aug 2, 2024 12:12am
Quoting ScalaFX
{quote} that was good decision, closing from all positions now 80% rest let it go with SL 2843, Gold started to Pay, managing my positions from top to protect best, still plenty of room to slide
closing all now, dont want to loose this after long time, now focusing on Gold stricte, have a big potential to go down deep for correction
People don't plan to lose. They lose because they don't plan.
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