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Cable Update (GBPUSD)

  • #524,881
  • Jun 2, 2020 7:58am Jun 2, 2020 7:58am
Quoting msniper
{quote} what happened with your 1.15 target

why would u target only 1.24xx area ?

Not sure what you mean

Come on man, you're grown up trader . You know frames.

Let me clarify for all our there....

I said I'm selling around here 2550-2750.
Part done.

Speculative risky long closed some lame 64 dollars profit real. On 1k account. Yeah pays for coffee and petrol  .

Now future - I see immediate target 2450 say. Piece of cake.
Dip... Up... Reload shorts .... Not sure but 1.22 seem easy.

I see LONG TERM targets in the 1.1970 and 1.15.

OK???
Noone said tomorrow

Pound trade is simple but slow.
So there's my forecast.

Euro if you ask we'll drop 1170 area now... and visit again 1050. Buy there or 1.10.

Bye for week or two
Beware of robber banks (RB), bad advisors.
  • #524,882
  • Jun 2, 2020 8:01am Jun 2, 2020 8:01am
Quoting Not-KPMG
{quote} Not sure what you mean Come on man, you're grown up trader . You know frames. Let me clarify for all our there.... I said I'm selling around here 2550-2750. Part done. Speculative risky long closed some lame 114 dollars profit real. On 1k account. Yeah pays for coffee and petrol Now future - I see immediate target 2450 say. Piece of cake. Dip... Up... Reload shorts .... I see LONG TERM targets in the...

hehe yah I get your point all what I think is that u wanna sell 2550 to 2750 to target 2450 then go long for another new high before selling again

I expect the top for GU will be between 1.2630 to 1.3050

the question do u think GU have the power to reach 1.29 and 1.30 before selling rallies start ?

and yes I would target similar to u below 1.19
  • #524,883
  • Edited 8:45am Jun 2, 2020 8:01am | Edited 8:45am
GU, we might get some selling at 1.26-1.2650 R zone, but ultimately my projection is above 1.27-1.2750.
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  • #524,884
  • Jun 2, 2020 8:06am Jun 2, 2020 8:06am
Waiting for buy to hit tp, hopefully
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LUCKY golden trades, LUCKY gold investor trading style
  • #524,885
  • Jun 2, 2020 8:07am Jun 2, 2020 8:07am
I'm not sure you can say deaths are the reason it goes up ,the Fed is breaking all known rules to support it
They have been taking losses off anyone including banks and funds and paying the price they entered to create liquidity, & save the system.
Thats why the balance sheet is through the roof.
We all know it should not be going up

Quoting Marcieny
{quote} as you can see in the time of 12 hours the price may drop, I would only buy it if it passes ... but in the month it still main for me ... a selling pattern. it will depend on what can happen with the uk 100 index since from what I see in the behavior of prices unfortunately these deaths caused by the coronavirus are good for the economy long term...so many indexes are going up, certainly this reduction of people on the planet was very planned. I hope the indexes will all go to hell too.... never trust any government and all of you be safe...
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #524,886
  • Jun 2, 2020 8:10am Jun 2, 2020 8:10am
I can’t remember who was in gbj at the same time I was but now GU GBJ gaps closed 136 been on that for months
  • #524,887
  • Jun 2, 2020 8:12am Jun 2, 2020 8:12am
Quoting msniper
{quote} hehe yah I get your point all what I think is that u wanna sell 2550 to 2750 to target 2450 then go long for another new high before selling again I expect the top for GU will be between 1.2630 to 1.3050

the question do u think GU have the power to reach 1.29 and 1.30 before selling rallies start ? and yes I would target similar to u below 1.19
I see. U think more up....

Buddy . I can't answer that.
In my job I'm highly mathematical person ....
That's why for 5-7 years forex was difficult .

Forex is LIARS' PLAYGROUND...

Noone telling this to newbies ehh....?

Sooooo
I trade when I'm certain

Will it go 1.3030? ??? Yes.. . if ENOUGH SHORTS are added.
Obviously you know where to look

Is it good to buy??? I'm no day trader. It's YOUR RISK your money.

Will it crash. ... Ofcourse
My target is 1.2440 for few reasons .

Soooo my point is, sit comfortably, sell 1.26-28-30 and be relaxed as a cat.

1.20 is sure in time.
Green pips.
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Attached Image
Beware of robber banks (RB), bad advisors.
  • #524,888
  • Jun 2, 2020 8:13am Jun 2, 2020 8:13am
Quoting Bones
I'm not sure you can say deaths are the reason it goes up ,the Fed is breaking all known rules to support it They have been taking losses off anyone including banks and funds and paying the price they entered to create liquidity, & save the system. Thats why the balance sheet is through the roof. We all know it should not be going up {quote} {image}

Imagine US stocks go down ,dollar too.....USA would be ruined.

Not to mention commodities prices are not rising...a recipe to a disaster.
COT: The precious data ignored
  • #524,889
  • Jun 2, 2020 8:17am Jun 2, 2020 8:17am
Quoting kuroro001
{quote} Imagine US stocks go down ,dollar too.....USA would be ruined. Not to mention commodities prices are not rising...a recipe to a disaster.
US will not face disaster.

All temporary, man made.

YOU never know they bounced already, such is the power of the country.
Intraday only.
  • #524,890
  • Jun 2, 2020 8:23am Jun 2, 2020 8:23am
Quoting navk
{quote} US will not face disaster. All temporary, man made.

YOU never know they bounced already, such is the power of the country.
I hear you. LOL.
Attached Image



I'm excited for the strength in USA UK etc.

See last picture, bottom

Price is cheap 10109 dollars as of now


Attached Image
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Beware of robber banks (RB), bad advisors.
  • #524,891
  • Jun 2, 2020 8:24am Jun 2, 2020 8:24am
Quoting Not-KPMG
{quote} I hear you. I'm excited for the strength in USA UK etc. See second picture, last row {image} {image}
yeah, that is power of the country.
Intraday only.
  • #524,892
  • Jun 2, 2020 8:28am Jun 2, 2020 8:28am
Only long and long
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SCALP WIN
  • #524,893
  • Jun 2, 2020 8:30am Jun 2, 2020 8:30am
Every single bearish setup failing...longs all in is the way to go
COT: The precious data ignored
  • #524,894
  • Jun 2, 2020 8:31am Jun 2, 2020 8:31am
Quoting ongtrumvn99
Only long and long {image}
Are you still adding long entries?
  • #524,895
  • Jun 2, 2020 8:32am Jun 2, 2020 8:32am
GBPUSD could continue moving up more, but we are getting closer and closer to a point of exhaustion on this pair. It's wise to proceed with caution.
Learn from your mistakes and march on.
  • #524,896
  • Jun 2, 2020 8:33am Jun 2, 2020 8:33am
Quoting ongtrumvn99
ADD LONG 1.2540
@Jeremy1998 only long and add
hold
SCALP WIN
  • #524,897
  • Jun 2, 2020 8:36am Jun 2, 2020 8:36am
Pivotears,
Lets hope we get down to daily pivot today. I see people selling in the vain hope... brave souls i must say
  • #524,898
  • Jun 2, 2020 8:40am Jun 2, 2020 8:40am
Value wise - not looking great for Cable - closed my long
https://www.tradingview.com/x/SKd1o1mj/
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #524,899
  • Jun 2, 2020 8:41am Jun 2, 2020 8:41am
Quoting here2there
GBPUSD could continue moving up more, but we are getting closer and closer to a point of exhaustion on this pair. It's wise to proceed with caution.
Yes but not if you were buying 100's of pips below.... in that case, buyers are very happy with the situation playing out. Time to enjoy the outdoors amazing weather,
Not spending time chasing ripples in a TSUNAMI
  • #524,900
  • Jun 2, 2020 8:41am Jun 2, 2020 8:41am
Imagine that- holding a huge loss, then the government come along and take that off you @ break even rather than let you go bust, haha
Unrest in the US on the terrible police action, but what if they knew the bill that's being created in the name of holding the rickety ship together.
I know all countries take this super risky route how can they unwind it.But US seems on a massive scale. Luckily they hold the reserve currency status.

I been thinking the china row is a major developing market story which can influence $,but then again we retail might not have heads up yet.
I'm looking at massive wick to the downside on monthly and wondering why ? could take time to play out.($ index wick to the upside)



Quoting kuroro001
{quote} Imagine US stocks go down ,dollar too.....USA would be ruined. Not to mention commodities prices are not rising...a recipe to a disaster.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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