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Cable Update (GBPUSD)

  • #876,221
  • Jul 21, 6:44am (8 hr ago) Jul 21, 6:44am (8 hr ago)
Quoting AK.47
{quote} something like it's happening right about now.
I see what your saying. For me thats just TPs being hit, Price coming back up and maybe hitting a few trailing stops and maybe some institutons testing the hourly swing around 3413ish. Would need to see some price action above that level to call it a decent pullback and/or possible reversal.

I say this having the confidence as I have mostly come out of my trade and left a runner on
  • #876,222
  • Jul 21, 6:47am (8 hr ago) Jul 21, 6:47am (8 hr ago)
Long 1.3410
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #876,223
  • Jul 21, 6:52am (8 hr ago) Jul 21, 6:52am (8 hr ago)
Quoting buyhighcry
{quote} I see what your saying. For me thats just TPs being hit, Price coming back up and maybe hitting a few trailing stops and maybe some institutons testing the hourly swing around 3413ish. Would need to see some price action above that level to call it a decent pullback and/or possible reversal. I say this having the confidence as I have mostly come out of my trade and left a runner on
yea no you're completely right, but I promise this is not the example I would've used. It usually happens exactly an hour before NY open or a minute after. Will post here when I see that happen this week because I'm sure it will statiscally
  • #876,224
  • Jul 21, 6:57am (8 hr ago) Jul 21, 6:57am (8 hr ago)
Quoting Yngwie
Long 1.3410
Add 1.3403 SL 1.3380
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #876,225
  • Jul 21, 7:05am (8 hr ago) Jul 21, 7:05am (8 hr ago)
Resistance zone on the 4hr sma 89. I'm going to look for a long if it sets up, but this could hopefully bounce off 1.3390
Don't trade what you think. Just what you see!!!
  • #876,226
  • Jul 21, 7:34am (7 hr ago) Jul 21, 7:34am (7 hr ago)
Quoting Theoak
Resistance zone on the 4hr sma 89. I'm going to look for a long if it sets up, but this could hopefully bounce off 1.3390
long in at 1.3391. this is not a great set-up, but will put a small one and hope to add.
Don't trade what you think. Just what you see!!!
  • #876,227
  • Jul 21, 7:36am (7 hr ago) Jul 21, 7:36am (7 hr ago)
rise can start any minute now...
I only follow traders with IQ above 160
High leverage Bot All Time Return: 32,951.3% Gold/USD BTC/USD
  • #876,228
  • Jul 21, 8:15am (7 hr ago) Jul 21, 8:15am (7 hr ago)
Quoting Abeylyn
{quote} {image} 4 hr. Chart showing the Takeprofit zone. This is already a free ride..... I wish it get there quickly.
4 hr SMA 100 a pointer to takeprofit dynamic Support zone now adjusted to 1.3375 from 1.336X

However, hoping price will touch 1.3370 psychological pricing before pullback (temporary movement to upside) into Macro downtrend....
Market Structure is the King.....
  • #876,229
  • Jul 21, 8:20am (7 hr ago) Jul 21, 8:20am (7 hr ago)
Quoting Abeylyn
{quote} 4 hr SMA 100 a pointer to takeprofit dynamic Support zone now adjusted to 1.3375 from 1.336X However, hoping price will touch 1.3370 psychological pricing before pullback (temporary movement to upside) into Macro downtrend....
Too early. Watch DXY 101.30
  • #876,230
  • Jul 21, 8:25am (7 hr ago) Jul 21, 8:25am (7 hr ago)
Quoting Theoak
{quote} long in at 1.3391. this is not a great set-up, but will put a small one and hope to add.
lost 12 pips... doh
Don't trade what you think. Just what you see!!!
  • #876,231
  • Jul 21, 8:57am (6 hr ago) Jul 21, 8:57am (6 hr ago)
Quoting Abeylyn
{quote} 4 hr SMA 100 a pointer to takeprofit dynamic Support zone now adjusted to 1.3375 from 1.336X However, hoping price will touch 1.3370 psychological pricing before pullback (temporary movement to upside) into Macro downtrend....
Attached Image (click to enlarge)
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Price touched the lower part of the zone and bounce off.

Takeprofit attained.

I will buy against the trend and trade with caution if price is unable to break the zone to the downside.. We can squeeze some pips out because market needs gas to continue its downward run...
Market Structure is the King.....
  • #876,232
  • Jul 21, 8:59am (6 hr ago) Jul 21, 8:59am (6 hr ago)
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yes yes yes
  • #876,233
  • Jul 21, 9:01am (6 hr ago) Jul 21, 9:01am (6 hr ago)
Quoting Guy1969
{quote} Too early. Watch DXY 101.30
My friend, nice to read your comment.

You trade just like one of my friend here on FF. HALBOT.. The guy has not been coming up lately.

I may continue downward if the zone is broken but its necessary we get a fuel before continuity...
Market Structure is the King.....
  • #876,234
  • Jul 21, 9:10am (6 hr ago) Jul 21, 9:10am (6 hr ago)
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yes yes yes
  • #876,235
  • Jul 21, 9:47am (5 hr ago) Jul 21, 9:47am (5 hr ago)
Quoting jmss59
If the price closes a 4-hour candle above 1.3461, it will move to seek more sellers in the supply zone. If the price closes a 4-hour candle below 1.3420, it will move to seek more buyers in the demand zone. {image}




Patience is essential when swing trading.
The price has reached the demand zone; if there is sufficient demand in this area and it is absorbed by the market, a rebound could occur, confirmed by a 4-hour candle closing above 1.3391. If there is insufficient demand, the price may continue to fall, but we must wait to see how it reacts within the 1.3391–1.3362 zone.
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  • #876,236
  • Jul 21, 10:52am (4 hr ago) Jul 21, 10:52am (4 hr ago)
Quoting Guy1969
I'm expecting a new high of 163.30 for USDJPY.
Closing 2 of 3 long positions here for 146p.
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  • #876,237
  • Jul 21, 11:06am (4 hr ago) Jul 21, 11:06am (4 hr ago)
GBPUSD minimum expected range this year 2026 is 1100 pips… Current year 2026 range is 729 pips this means either the current high of 1.3868 or current low of 1.3139 must still break to either 1.42 or 1.27. Price is currently stuck at 1.3374 which is giving a clue of 1.27 also noteworthy that 1.30 is the most repeated price since year 2016.


This Quarter expected range is 560 pips and so far it has done 340 pips, which means there is still additional 220 pips to break either 1.3558 or 1.3318. This points at either 1.2998 or 1.3878…. Between now and September 30…

you have a clue already as price is trading below 1.3508.
Data + Stat + Risk/Emotions Management
  • #876,238
  • Jul 21, 12:06pm (3 hr ago) Jul 21, 12:06pm (3 hr ago)
Quoting Georginson
GBPUSD minimum expected range this year 2026 is 1100 pips… Current year 2026 range is 729 pips this means either the current high of 1.3868 or current low of 1.3139 must still break to either 1.42 or 1.27. Price is currently stuck at 1.3374 which is giving a clue of 1.27 also noteworthy that 1.30 is the most repeated price since year 2016. This Quarter expected range is 560 pips and so far it has done 340 pips, which means there is still additional 220 pips to break either 1.3558 or 1.3318. This points at either 1.2998...
How do you generate that statistic?

Thanks, Mate.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #876,239
  • Jul 21, 12:20pm (3 hr ago) Jul 21, 12:20pm (3 hr ago)
Quoting TooSlow
{quote} How do you generate that statistic? Thanks, Mate. Cheers!
through deep research. Cheers!
Data + Stat + Risk/Emotions Management
  • #876,240
  • Jul 21, 12:52pm (2 hr 41 min ago) Jul 21, 12:52pm (2 hr 41 min ago)
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yes yes yes
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