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- Scotteyy replied Jul 19, 2023
Looking at here (1.2965) and 1.30 for possible areas to short.
Cable Update (GBPUSD)
- Scotteyy replied Jul 19, 2023
The gap at 1.3030 area? That aint getting filled for a long time. Just my opinion.
Cable Update (GBPUSD)
- Scotteyy replied Jul 19, 2023
Be careful longing this, im expecting 1.29 today.
Cable Update (GBPUSD)
- Scotteyy replied Jul 19, 2023
Yes i kinda guessed when we saw that buying on the 15m candle before the news it was gonna drop. For spike up to happen i'd have liked a little sell off prior to the news. We blasted through weekly pivot which means down for the rest of the week. ...
Cable Update (GBPUSD)
- Scotteyy replied Jul 19, 2023
This didnt go to plan but I sold anyway, GBP can go to the ground now.
Cable Update (GBPUSD)
- Scotteyy replied Jul 19, 2023
I’m expecting CPI to spike up for a subsequent sell off below 1.30.
Cable Update (GBPUSD)
- Scotteyy replied Jul 18, 2023
This may be the case but how does this help you? It may close tomorrow or it may close 80 years from now. That statistic is a load of rubbish because it doesn't take timescale into account. It's like me predicting a plane will crash. Its very likely ...
Gold
- Scotteyy replied Jul 18, 2023
My crystal ball is telling me we will see weekly S1 at 12850 this week and continue down the week after. I think a longer term bearish trend may be incoming.
Cable Update (GBPUSD)
- Scotteyy replied Jul 18, 2023
So just leave it, dont watch it. Set your SL and TP and let it run. Go generate other trade ideas.
Cable Update (GBPUSD)
- Scotteyy replied Jul 18, 2023
This push is all dollar weakness, when the dollar starts to strengthen cable will plummet, imo. Compare the moves between GBP/USD and EUR/USD.
Cable Update (GBPUSD)
- Scotteyy replied Jul 18, 2023
Wish bulls would just move over and let us get 1.30 then we can go up.
Cable Update (GBPUSD)
- Scotteyy replied Jul 17, 2023
I believe thats the top for the day, we shall see. Targeting 1.30.
Cable Update (GBPUSD)
- Scotteyy replied Jul 17, 2023
As always, my monday plan. Price must always touch weekly pivot first (1.30). So will short until then. Also have long on EUR/JPY.
Cable Update (GBPUSD)
- Scotteyy replied Jul 14, 2023
Im working on the assumption that 1.3140 is the top, I have some shorts at 1.3130 and 1.3120 with stops at 1.3140. I'm looking for at least S1 today. I've noticed that in an uptrend price will not go below S1, thus I can conclude that if price does ...
Cable Update (GBPUSD)
- Scotteyy replied Jul 14, 2023
If we break the low then we should see S1 today. If we drop lower than S1 then we will continue down monday. If not could be a good bounce area to continue uptrend.
Cable Update (GBPUSD)
- Scotteyy replied Jul 14, 2023
Interesting and both of these moves ended up being ~600 pips. We are currently at ~480 pips.
Cable Update (GBPUSD)
- Scotteyy replied Jul 14, 2023
Looks like a good place to long but can we really have 7 bullish daily candles in a row? When was the last time that happened? Im staying out.
Cable Update (GBPUSD)
- Scotteyy replied Jul 13, 2023
It was me saying that, admittedly I'm not well versed in the usefulness of trend lines but aren't you supposed to have at least 2 prior touches for it to be a valid? You have 1 touch showing and the current price. Can you show further back so its ...
Cable Update (GBPUSD)
- Scotteyy replied Jul 13, 2023
It seems she just keeps adding more and more indicators. I guess its an issue most new people in trading run into, adding 1000's of indicators. I found I started performing best just looking at market structure, price action and pivots on two ...
Cable Update (GBPUSD)