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Cable Update (GBPUSD)

  • #602,281
  • Jun 15, 2021 3:09am Jun 15, 2021 3:09am
Quoting Nordling00
GU is ranging for a month now. It's probably because the market is waiting for the FED's Interest Rate decision. There's a chance that they may raise the rates, but i don't think they will do it yet. I am still long on GU and probably it will break this range and give a lot of pips after the FED Rate decision. I am no fortune teller of course, i just think that this scenario is more probable than rate hike scenario since NFP & US Employment rates are still not good.
Tomorrow will be hell for some people, and it will be heaven for others. It's the doomsday. With FED rate decision, market will decide who is going to win this tug-of-war that's been playing for a month. Again, I don't think they will raise rates, although there's a chance. I am still long on GBP/USD.

To any swing trader, i wouldn't suggest selling GU because current situation indicates that they won't raise the rates. Roughly there's 70% chance they won't raise the interest rate, 30% they may. Of course that's just a guess, depending on my fundamental analysis.

Paul Tudor Jones stated a similar opinion yesterday:

https://www.cnbc.com/2021/06/14/paul...box=1623673207

https://www.forexfactory.com/news/10...y#post13583403
You have to have an IQ higher than 90 to interact with this user.
  • #602,282
  • Jun 15, 2021 3:13am Jun 15, 2021 3:13am
Expecting my thought process to become reality.

Some people call it a prediction which equals to a blank thought. some call a prediction which involves analytical judgment. It is for us to choose which is right and wrong. Ultimately we all will realize there's no right or wrong in predicting. it all ended up with handling/managing the game of probability.

Analysis are merely a inception which are unique. So, I would not spend time to be the best analyzer yet, I will try to be best trader myself.

Cheers !
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Fools Rushing
  • #602,283
  • Jun 15, 2021 3:13am Jun 15, 2021 3:13am
Quoting Moty
switched to short bulls trap {image} {image}
I think its to early to tell.
Aside technical; As USD may getting hammered across the board - may drive GU up
  • #602,284
  • Jun 15, 2021 3:16am Jun 15, 2021 3:16am
Quoting maheeee
just prediction {image}
Hi M,

I am glad to see how calm you have become with your ideas/posts. For some reason, I knew you would at some point.
I Will be paying attention going forward

Welcome to reality bro. I share your bearish idea btw
Take Care
  • #602,285
  • Jun 15, 2021 3:16am Jun 15, 2021 3:16am
we are in range...
trading is simple but is simple is not easy.
  • #602,286
  • Jun 15, 2021 3:23am Jun 15, 2021 3:23am
We've go nowhere for around 14 hours. It could flip two way direction for anytime now.
Everything is possible but not guaranteed
  • #602,287
  • Jun 15, 2021 3:23am Jun 15, 2021 3:23am
Quoting nAVIN2007
{quote} Dont ignore people learn to tolerate..this will make u a better trader
I agree bro. There's a level of FREE SPIRIT one needs to attain before realizing that we not here to make friends nor enemies. It's we against the market and not against each other. If anyone shares a POST I can relate with, I like it even if we had any disagreement a minute ago.
  • #602,288
  • Jun 15, 2021 3:25am Jun 15, 2021 3:25am
Quoting ZenNy
we are in range...
range around 60 pips


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dolce vita
  • #602,289
  • Jun 15, 2021 3:27am Jun 15, 2021 3:27am
Quoting babayaga
{quote} range around 60 pips {image}
to break UP 1.4120th
or
down 1.41

let's see
dolce vita
  • #602,290
  • Jun 15, 2021 3:28am Jun 15, 2021 3:28am
the lo bearish engulfing candle has been broken down , the drop is coming
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yes yes yes
  • #602,291
  • Jun 15, 2021 3:28am Jun 15, 2021 3:28am
Hmm. Dxy dropping and GU not buying? Instructive for a pump up in dxy? Well buy still on till 1.416 area. Fingers crossed
  • #602,292
  • Jun 15, 2021 3:28am Jun 15, 2021 3:28am
Quoting babayaga
{quote} range around 60 pips {image}
so, what do you do in range?
trading is simple but is simple is not easy.
  • #602,293
  • Jun 15, 2021 3:31am Jun 15, 2021 3:31am
Quoting Nd10
Hmm. Dxy dropping and GU not buying? Instructive for a pump up in dxy? Well buy still on till 1.416 area. Fingers crossed
same.. price not cooperating right now.
i know it will.

and if not, problem to my equity.
  • #602,294
  • Jun 15, 2021 3:32am Jun 15, 2021 3:32am
Quoting ZenNy
{quote} so, what do you do in range?
controlling "up" & "down"
it looks to me
she's going "to touch" "down level" now (1.4060th) ...what do you think???
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dolce vita
  • #602,295
  • Jun 15, 2021 3:34am Jun 15, 2021 3:34am
Quoting ZenNy
{quote} so, what do you do in range?
tuck hand in pants?
  • #602,296
  • Jun 15, 2021 3:36am Jun 15, 2021 3:36am
last position from scalping left
&
two position with TP 1.4060th
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dolce vita
  • #602,297
  • Jun 15, 2021 3:38am Jun 15, 2021 3:38am
Hoping we get some traction one way or the other this tight range movements is an opportunity for scalping only at the moment
Insane in the Brain..
  • #602,298
  • Jun 15, 2021 3:41am Jun 15, 2021 3:41am
Quoting gatenio
{quote} same.. price not cooperating right now. i know it will. and if not, problem to my equity.
As far as price stays above 1.4030/70 area, you will see 1.4160 yet again this week. Price wants to use June to range between 1.4050 to 1.4280... then explosion in July as it did in July 2014.
Data + Stat + Risk/Emotions Management
  • #602,299
  • Jun 15, 2021 3:42am Jun 15, 2021 3:42am
Mr goldi
Nice to do business with you
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yes yes yes
  • #602,300
  • Jun 15, 2021 3:44am Jun 15, 2021 3:44am
Quoting Georginson
{quote} As far as price stays above 1.4030/70 area, you will see 1.4260 yet again. Price wants to use June to range between 1.4050 to 1.4280... then explosion in July as it did in July 2014.
my initial problem is that im buying to the area i want to short from.
this is beginners mistakes and i should avoid it.
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