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Cable Update (GBPUSD)

  • #602,601
  • Jun 15, 2021 1:04pm Jun 15, 2021 1:04pm
Quoting nAVIN2007
this mofo might be going up for a bit.. {image}
  • #602,602
  • Jun 15, 2021 1:09pm Jun 15, 2021 1:09pm
I'd like to call this story "falling down and climbing up..."
going to close everything if during 10 min nothing change

I gave back part of my profit today.., but still at good point
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdmicro-m30-xm-global-limited-2.png Size: 34 KB
Click to Enlarge Name: gbpjpymicro-m30-xm-global-limited.png Size: 72 KB
dolce vita
  • #602,603
  • Jun 15, 2021 1:23pm Jun 15, 2021 1:23pm
wait for 415x at add more short ( big really big one ) not sure, maybe $2 or $5
Attached Image
  • #602,604
  • Jun 15, 2021 1:28pm Jun 15, 2021 1:28pm
buy - 1.4083

sl - 1.4055

tp = ma50 - h4
Together we can be strongest
Vantage Return This Month: na
  • #602,605
  • Jun 15, 2021 1:57pm Jun 15, 2021 1:57pm
Quoting nAVIN2007
this mofo might be going up for a bit.. {image}
Hi Navin,
sad you mistakenly closed your trades. Really enjoyed your sell analyses. Got scared a bit myself with my trades. But we get to sell again or not. I expect a push back to 1.415 area before a possible hit to 1.4, 1.39 areas. There i have buys loaded. Still an uptrend on D1 and W1 and 1.43 might be in the hooks. What do I know
  • #602,606
  • Jun 15, 2021 1:58pm Jun 15, 2021 1:58pm
Quoting buddha-
wait for 415x at add more short ( big really big one ) not sure, maybe $2 or $5 {image}
Cant agree more
  • #602,607
  • Edited 4:01pm Jun 15, 2021 1:59pm | Edited 4:01pm
Quoting Bones
{quote} What thats a higher high ? They won't raise rates for sure is my point to you, because that is jumping the gun. theres a process to get out of the current situ the Fed are in ... which you never talk about , You think it's about if they raise rates or not . {image} {image}
Yes that's a higher high, 200 pips up. What do you expect? A crash?

So ok, FED won't raise the rates. Cute, i am still long on GU and that would benefit me. Nothing's wrong with that.

Let me tell you how to get out of this situation:

There are economic cycles and US economy is in the recovery/expansion cycle right now. In order to "recover" employment, businesses etc. they need low interest rates. They need a weak dollar. That's what they did and they will probably continue doing this until they reach the employment goals. So once they reach it, another cycle will begin and that is called "contraction". They will start this "contraction" phase by raising the interest rates. That's how the economy works.

You tell me, what am i missing?
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  • #602,608
  • Jun 15, 2021 2:02pm Jun 15, 2021 2:02pm
Quoting Nd10
{quote} Hi Navin, sad you mistakenly closed your trades. Really enjoyed your sell analyses. Got scared a bit myself with my trades. But we get to sell again or not. I expect a push back to 1.415 area before a possible hit to 1.4, 1.39 areas. There i have buys loaded. Still an uptrend on D1 and W1 and 1.43 might be in the hooks. What do I know

I am not seeing this unless last month candle is true, but id love an opportunity for this thing to go back up so I can think about what area to buy or sell..I shall try to get married to any positions..In a way, I think my mother may have done me a favour. Bought gold..can u tell how gold correlate to USD or GBP? or whatever bro
  • #602,609
  • Jun 15, 2021 2:12pm Jun 15, 2021 2:12pm
Quoting palpite
buy - 1.4083 sl - 1.4055 tp = ma50 - h4
I think, first she has to climb upper 1.4090
look at weekly
then probably you could buy (?)
let's see

btw.., daily looks more down to me than up
could be wrong..,
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicro-d1-xm-global-limited-3.png Size: 54 KB
dolce vita
  • #602,610
  • Jun 15, 2021 2:30pm Jun 15, 2021 2:30pm
Looking at the bigger picture on Weekly, I think a retracement to the 38.2 Fib around 1.316 is in order before resumption of uptrend and new highs

In the more near term I fully expect the 200day SMA and 200day EMA on h4 to Serve as new resistance. Any moves up towards this area looks like a fresh selling opportunity to me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h4.PNG Size: 58 KB
Click to Enlarge Name: Capture.PNG Size: 51 KB
  • #602,611
  • Jun 15, 2021 2:34pm Jun 15, 2021 2:34pm
Looks like GU will be closing daily price below 1.40900 for first time in about a month
  • #602,612
  • Jun 15, 2021 2:38pm Jun 15, 2021 2:38pm
Quoting babayaga
{quote} I think, first she has to climb upper 1.4090 look at weekly then probably you could buy (?) let's see btw.., daily looks more down to me than up could be wrong.., {image}
Yes, i was waiting for it. But now whatever. The trade is open.
Together we can be strongest
Vantage Return This Month: na
  • #602,613
  • Jun 15, 2021 3:20pm Jun 15, 2021 3:20pm
tomorrow DPP will be at this area 1.4080th
where does she go from here
up.., down (???)
dolce vita
  • #602,614
  • Jun 15, 2021 3:25pm Jun 15, 2021 3:25pm
Quoting babayaga
{quote} I think, first she has to climb upper 1.4090 look at weekly then probably you could buy (?) let's see btw.., daily looks more down to me than up could be wrong.., {image}
it seems we have our new resistance level
Insane in the Brain..
  • #602,615
  • Jun 15, 2021 3:34pm Jun 15, 2021 3:34pm
Quoting BeeTogether
{quote} it seems we have our new resistance level
the range is too tight
and because of this
too early to claim
dolce vita
  • #602,616
  • Jun 15, 2021 3:41pm Jun 15, 2021 3:41pm
Quoting palpite
buy - 1.4083 sl - 1.4055 tp = ma50 - h4
closed = break even

few minutes for to close the day.
Together we can be strongest
Vantage Return This Month: na
  • #602,617
  • Jun 15, 2021 3:43pm Jun 15, 2021 3:43pm
Quoting nAVIN2007
{quote} I am not seeing this unless last month candle is true, but id love an opportunity for this thing to go back up so I can think about what area to buy or sell..I shall try to get married to any positions..In a way, I think my mother may have done me a favour. Bought gold..can u tell how gold correlate to USD or GBP? or whatever bro
Hi Navin,
Think Mother did you a great one. Seriously Bro. I can't tell these correlations honestly. Wish I could. Here is my biase on gold, though i don't trade it. It has messed with me so much. Funny enough, i get good entries for it but i chose to stay off. I think it will buy a bit more and then sell again big. May be wrong. Herewith is my analysis. What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210615-214015.png Size: 101 KB
  • #602,618
  • Jun 15, 2021 4:15pm Jun 15, 2021 4:15pm
Quoting Bones
When they talk about tapering ,they're talking about not spending this money holding interest rates down or owning the stock market.Thats the next step. From 4 trillion to 8 trillion in 12 months ,its all printed money assets they need to offload , intervention in markets which have to be unwound somehow ,however they could say its going to plan {image} {image}
Of course it's not normal, are we in normal times? We are in a pandemic for over a year you know. They bought these assets so they could pump some dollars to the market which will benefit business owners. They will start to sell the assets to cooldown the inflation, but it won't be enough. Who would buy a government bond with a low yield rate? They gotta make it look attractive by raising the rates.
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  • #602,619
  • Jun 15, 2021 4:26pm Jun 15, 2021 4:26pm
Quoting W0lfram
{quote} Found this on CME. We'll see tomorrow {image}{image}
Sorry bro, I couldn't reply earlier. Thank you for sharing this, it is indeed useful!
You have to have an IQ higher than 90 to interact with this user.
  • #602,620
  • Jun 15, 2021 5:36pm Jun 15, 2021 5:36pm
Today target aim below 1.4000
Lets see how PA will do today
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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