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Cable Update (GBPUSD)

  • #526,921
  • Jun 10, 2020 3:26pm Jun 10, 2020 3:26pm
very positive outlook from Powell as for the US economy. Hopefully that would be soon adjusted and cable go back to 1.25 and so on and so forth.
  • #526,922
  • Jun 10, 2020 3:28pm Jun 10, 2020 3:28pm
Quoting Siame
{quote} SHORT 1.27511
CLOSED at 1.27401 +9pips


Enough for today.
  • #526,923
  • Jun 10, 2020 4:07pm Jun 10, 2020 4:07pm
From the Fed:
QE purchases to be maintained at least at current rate.
Project growth for 2020: - (minus) 6.5%
Projected unemployment for 2020: 9.3%
"Long road" to recovery.
Compulsions can be hard to resist
  • #526,924
  • Jun 10, 2020 4:12pm Jun 10, 2020 4:12pm
Quoting Moty
{image}{image}
still holding Moty?
  • #526,925
  • Jun 10, 2020 4:14pm Jun 10, 2020 4:14pm
Quoting thevisitor
{quote} still holding Moty?
i am holding some shorts until 1.27345, expecting to get there in a couple of hours or less...but we will see
A trader is as good as his stop loss. Understand your mistakes.
  • #526,926
  • Jun 10, 2020 4:16pm Jun 10, 2020 4:16pm
Quoting trumps
{quote} GBP is coming off a low of 1.14 against the USD. With BOTH economies struggling under weight of pandemic and instituting low interest rates, I would think a market re-balance is in order, and it is happening now.
Yeah, 1.40 would be a good balance... But the journey will be with ups and downs
  • #526,927
  • Jun 10, 2020 4:39pm Jun 10, 2020 4:39pm
Decent trendline touch at the FOMC

https://www.tradingview.com/x/4jIyIKOa/
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #526,928
  • Jun 10, 2020 4:53pm Jun 10, 2020 4:53pm
Today I expect black daily candle with whatever shape. Or at Fryday
  • #526,929
  • Jun 10, 2020 6:47pm Jun 10, 2020 6:47pm
2930 is near now. Could go to there?
  • #526,930
  • Jun 10, 2020 6:59pm Jun 10, 2020 6:59pm
Quoting OnlineAddict
Back to 2730 before FED. Watch the PA during asian session for good short entries. We might see a big GU dump tomorrow. If 2755 stays untouched, above will be a perfect SL with a good RR ratio.
The dump started during FED. Don't try to catch a falling knife. 2260 is on the way.
Everyone can see the chart, but only a few can actually read it.
  • #526,931
  • Jun 10, 2020 7:01pm Jun 10, 2020 7:01pm
good Asia even before tokyo open.
Attached Image (click to enlarge)
Click to Enlarge Name: OctaFX.png Size: 108 KB
Intraday only.
  • #526,932
  • Jun 10, 2020 7:06pm Jun 10, 2020 7:06pm
today perfect scenario.

1.2656 is target below 1.2750, daily pivot.
Intraday only.
  • #526,933
  • Jun 10, 2020 7:08pm Jun 10, 2020 7:08pm
The dollar and global risk is driving this
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #526,934
  • Jun 10, 2020 7:17pm Jun 10, 2020 7:17pm
Quoting Moty
{image}{image}
hold it Moty.

Your exit first at 2700 and then reload for exit at 2650
Intraday only.
  • #526,935
  • Jun 10, 2020 7:20pm Jun 10, 2020 7:20pm
Morning all.. looks like I missed the early movement
  • #526,936
  • Jun 10, 2020 7:45pm Jun 10, 2020 7:45pm
as long it not drop below 1.2705x, i will still remain long
row row row your boat
  • #526,937
  • Jun 10, 2020 7:59pm Jun 10, 2020 7:59pm
Quoting OnlineAddict
{quote} The dump started during FED. Don't try to catch a falling knife. 2260 is on the way.
Sorry, but it's not looking good for USD. USD is getting crushed.
Learn from your mistakes and march on.
  • #526,938
  • Jun 10, 2020 8:00pm Jun 10, 2020 8:00pm
Quoting here2there
{quote} Sorry, but it's not looking good for USD. USD is getting crushed.
It will spike up soon enough. If it was looking good for USD and people were happy buying it, I surely wouldn't. I buy when people give up on longs and sell when they give up on shorts.
Everyone can see the chart, but only a few can actually read it.
  • #526,939
  • Jun 10, 2020 8:01pm Jun 10, 2020 8:01pm
Hello . I am drinking coffee, I will start fighting the market.
SCALP WIN
  • #526,940
  • Jun 10, 2020 8:09pm Jun 10, 2020 8:09pm
yes +30 pips long in Tokyo open. And still long
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