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Cable Update (GBPUSD)

  • #600,641
  • Jun 7, 2021 11:43pm Jun 7, 2021 11:43pm
Quoting clocktrade
{quote} What is the authenticity of the news? Also I heard Chinese are selling their USD to buy products. In other words, they are dumping the dollar thats why DXY is dramatically low.
100%. Putin also said that on SPIEF last week.

Quote
In order to reach the targeted FX structure, the Ministry of Finance has to sell US$40 bn and GBP 4bn, exchanging them for US$23 bn equivalent of gold, US$18 bn equivalent of CNY, and US$5bn equivalent of EUR.
https://www.kitco.com/news/2021-06-0...his-month.html
Air force
  • #600,642
  • Jun 7, 2021 11:53pm Jun 7, 2021 11:53pm
Quoting MTF Test
This could be very interesting. If this happens Geepy will fly. {image}
doesn't make sense!!!!! why would you ditch when so low, march last year dix 102 88 now 90 07 eu 1 0637 now 1 2180 ?????
If you are new to Forex? Say Goodbye to your account!!
  • #600,643
  • Jun 8, 2021 12:12am Jun 8, 2021 12:12am
Quoting KiwiTrada
{quote} doesn't make sense!!!!! why would you ditch when so low, march last year dix 102 88 now 90 07 eu 1 0637 now 1 2180 ?????
Geo politics'
Fools Rushing
  • #600,644
  • Jun 8, 2021 12:15am Jun 8, 2021 12:15am
[quote=MTF Test;13572567]
Quoting gatenio
{quote} geepy? Why?[/quotei I should say Geppy and GU will fly. Not now. Not today. More dollars - less demand News was relased by RT. Russian News Channel. I got it from Youtube.
why more dollars? This is not new $ printing, just switch hands.
  • #600,645
  • Jun 8, 2021 12:16am Jun 8, 2021 12:16am
I am Out of SELLS. Remember I trade using very smaller TF's
Fools Rushing
  • #600,646
  • Jun 8, 2021 12:20am Jun 8, 2021 12:20am
Quoting MTF Test
This could be very interesting. If this happens Geepy will fly. {image}
It could be a head-fake.....
Lost....
  • #600,647
  • Jun 8, 2021 12:23am Jun 8, 2021 12:23am
GU

set up from my perspective. Not a Hollie Grail, but mapping from what I can see in the current chart.

It may chance as price progress towards London Open. But as for now, this is what I see.

Price is compressed and expected there is a spike down (manipulation) for liquidity.

Bounce off the S&R zone.

Trade safe.


Attached Image (click to enlarge)
Click to Enlarge Name: gu 045.jpg Size: 311 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gu 044.jpg Size: 316 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #600,648
  • Jun 8, 2021 12:25am Jun 8, 2021 12:25am
Quoting gespiri
{quote} It could be a head-fake.....
Could be. It also could be an after effect of a partnership between china and Russia.
Fools Rushing
  • #600,649
  • Jun 8, 2021 12:28am Jun 8, 2021 12:28am
Quoting Tekin
If bears can have a chance to attack i dont know maybe its restricted to 1.4143 i have small sell but no hope yet
We are very close
  • #600,650
  • Jun 8, 2021 12:31am Jun 8, 2021 12:31am
GU

Placed Limit Order.

This is my trade.

If I'm wrong, I will know it immediately (same as yesterday) with SL in placed.

Waiting for one nice spike (manipulation) to fill up the order.

Trade is all about probability, nothing is 100% guarantee.

Trade your edge, take the calculated risk.

Don't make it hard,

Trade Safe.


Attached Image (click to enlarge)
Click to Enlarge Name: gu 046.jpg Size: 265 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #600,651
  • Jun 8, 2021 12:33am Jun 8, 2021 12:33am
Quoting Pat Chiko
GU set up from my perspective. Not a Hollie Grail, but mapping from what I can see in the current chart. It may chance as price progress towards London Open. But as for now, this is what I see. Price is compressed and expected there is a spike down (manipulation) for liquidity. Bounce off the S&R zone. Trade safe. {image} {image}
I am suggesting 1.41350-400 would be a possible rejection area.
Fools Rushing
  • #600,652
  • Jun 8, 2021 12:39am Jun 8, 2021 12:39am
Quoting MTF Test
{quote} I am suggesting 1.41350-400 would be a possible rejection area.
Agreeing with you on that.

Marked chart where whipsawed session yesterday.

To be on the safe side, I placed SL just below the manipulated zone.

I personally don't know where price will go, but trade with what I see on the current chart and hope the best.

Trade safe and thanks for your comments.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 047.jpg Size: 272 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #600,653
  • Jun 8, 2021 12:43am Jun 8, 2021 12:43am
Quoting Georginson
1.4211 is imminent tomorrow as far as price stays above 1.4140.
1.4211 is still valid for today as far as price stays above 1.4140.
Data + Stat + Risk/Emotions Management
  • #600,654
  • Jun 8, 2021 12:49am Jun 8, 2021 12:49am
H1 clear for bearish...but lower bb hold it..
Lets see will be bounce or make mor down to 1.4130
Attached Image (click to enlarge)
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  • #600,655
  • Jun 8, 2021 12:50am Jun 8, 2021 12:50am
[quote=gatenio;13572602]
Quoting MTF Test
{quote} why more dollars? This is not new $ printing, just switch hands.
IMO, This could be worse than printing dollars. Printing greenback will help the inflation. However dumping dollars will effect globally by weakening against other currencies. Most of the countries use dollars as the primary foreign currency where they believe on greenback to save their day. this is the simplest explanation i can give you as per my knowledge.
Fools Rushing
  • #600,656
  • Jun 8, 2021 1:23am Jun 8, 2021 1:23am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 06-08-2021 09.22.jpg Size: 120 KB
yes yes yes
  • #600,657
  • Jun 8, 2021 1:24am Jun 8, 2021 1:24am
Took short at pivot for a 20-30 pip scalp
Insane in the Brain..
  • #600,658
  • Jun 8, 2021 1:25am Jun 8, 2021 1:25am
Quoting palpite
{quote} sl = break even
How is that position is break even?
its -20 pip
  • #600,659
  • Jun 8, 2021 1:27am Jun 8, 2021 1:27am
My EA backtested with 10 years history, working on live account for more than 18 months signals here are possible good entry with a high probability of success.

In 3 years of history, there were no more than 3x in a row loss for EA. And now it did 3 losses in a row - 3 failed breakouts in a row.

So you can put buy stop order with TP20 and SL20 on 1.4206

Attached Image (click to enlarge)
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  • #600,660
  • Jun 8, 2021 1:38am Jun 8, 2021 1:38am
Quoting MTF Test
{quote} Could be. It also could be an after effect of a partnership between china and Russia.
Perhaps.
We have to remember that a gold-backed dollar maybe in the works as we speak instead of all the FIAT that we have.
Lost....
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