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Cable Update (GBPUSD)

  • #602,941
  • Jun 16, 2021 9:37am Jun 16, 2021 9:37am
So, first GU went up most of the day and EU went down most of the day...now EU up and GU down...when market is this messed up, its better to wait and not do anything, because something is "cooking" underneath. Better and safer trades ahead, after FED.

I am waiting for a big spike up during FED, if it happens...to look for shorts. Ideally EU above 2170 and GU above 4150.
Everyone can see the chart, but only a few can actually read it.
  • #602,942
  • Jun 16, 2021 9:41am Jun 16, 2021 9:41am
Attached Image (click to enlarge)
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yes yes yes
  • #602,943
  • Jun 16, 2021 9:43am Jun 16, 2021 9:43am
Quoting Bainbrito
{quote} Apologies for how long this post is. I used to blow up account after account (demo thankfully) and spent a lot of time researching this issue. This is from the psychology section of my trading plan: Knowing when to trade is just as important as knowing how. Executing a trade following the plan should make you feel confident. If you don’t feel confident about putting on a trade don’t trade. Wait until you do.
Thank you for sharing your wisdom and have respect for your position.

Another vouch worthy post full of wisdom, read and learn folks.

Thanks again, and take care.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #602,944
  • Jun 16, 2021 9:45am Jun 16, 2021 9:45am
Quoting OnlineAddict
So, first GU went up most of the day and EU went down most of the day...now EU up and GU down...when market is this messed up, its better to wait and not do anything, because something is "cooking" underneath. Better and safer trades ahead, after FED. I am waiting for a big spike up during FED, if it happens...to look for shorts. Ideally EU above 2170 and GU above 4150.
Now i agree with you. USD has the upper hand against GBP after UK's Inflation numbers that came out today.
You have to have an IQ higher than 90 to interact with this user.
  • #602,945
  • Jun 16, 2021 9:48am Jun 16, 2021 9:48am
Attached Image (click to enlarge)
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yes yes yes
  • #602,946
  • Jun 16, 2021 9:58am Jun 16, 2021 9:58am
Quoting Wavegarrick
{quote} The sell limit at 1.41268 worked out perfectly, which is also my weekly pivot. Opened another sell trade at 1.40781 with a 30 pip s/loss. It is very important for bears to get a daily close below 1.4100. Trade safe, Cheers. {image}
Anyway Folks,
I see a lot of back and forth with, "why are you selling or buying at these levels?". There is something everyone is forgetting these days. We are scalpers, day traders, short term, medium-term, and long term traders all in one room. What a scalper sees as an ideal level to buy will probably be an ideal level to sell for a medium to long-term trader. For me, I see this retrace as an ideal opportunity to sell. Yes, we have important news in a few hours. My stops are in place and I will weather the storm.
Respect each other Folks and all the best with Fomc in a few hours. We are all professionals,, at least I hope
Cheers.
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Trade to trade another day
  • #602,947
  • Jun 16, 2021 9:59am Jun 16, 2021 9:59am
Quoting palpite
sell stop - 1.4112

closed - 1.4102
Together we can be strongest
Vantage Return This Month: na
  • #602,948
  • Jun 16, 2021 10:10am Jun 16, 2021 10:10am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 30 KB
yes yes yes
  • #602,949
  • Jun 16, 2021 10:10am Jun 16, 2021 10:10am
Quoting Wavegarrick
{quote} Anyway Folks, I see a lot of back and forth with, "why are you selling or buying at these levels?". There is something everyone is forgetting these days. We are scalpers, day traders, short term, medium-term, and long term traders all in one room. What a scalper sees as an ideal level to buy will probably be an ideal level to sell for a medium to long-term trader. For me, I see this retrace as an ideal opportunity to sell. Yes, we have important news in a few hours. My stops are in place and I will weather the storm. Respect each...

Then, I don't want to become Scalper.....
Maybe change my status to scavenger

Since you're a surfer, your trade always amazed me on how you enjoy wade into those waves.

Thanks for posting and sharing for me and others to learn things or two.

Regards.

Pssst/- FOMC to buy or Sell ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #602,950
  • Jun 16, 2021 10:18am Jun 16, 2021 10:18am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 35 KB
yes yes yes
  • #602,951
  • Jun 16, 2021 10:18am Jun 16, 2021 10:18am
Quoting abelorlando
hi i am new to trading,pls which trading platform is best for me to trade with
If your broker has an integration with TradingView I recommend to use this platform
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Air force
  • #602,952
  • Jun 16, 2021 10:18am Jun 16, 2021 10:18am
1.43177
  • #602,953
  • Jun 16, 2021 10:29am Jun 16, 2021 10:29am
My GBP/USD analysis tells me to sell --- if u intrested than go short
Thanks Me Later
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Forex School
  • #602,954
  • Jun 16, 2021 10:30am Jun 16, 2021 10:30am
Quoting Ihlas
1.43177
dude that is bold!!
Insane in the Brain..
  • #602,955
  • Jun 16, 2021 10:31am Jun 16, 2021 10:31am
Quoting Ihlas
1.43177
For some reason, i am inclined towards this price. Dont know why
  • #602,956
  • Jun 16, 2021 10:31am Jun 16, 2021 10:31am
Quoting BeeTogether
{quote} dude that is bold!!
It isn't. It's actually an upper channel on D1
  • #602,957
  • Jun 16, 2021 10:35am Jun 16, 2021 10:35am
Quoting Ihlas
1.43177
1.43166 is my 2tp on daily buying cycle.
idk if this going to be soon.
  • #602,958
  • Jun 16, 2021 10:38am Jun 16, 2021 10:38am
Come on 141 I’m ready to open the trapdoor
Insane in the Brain..
  • #602,959
  • Jun 16, 2021 10:39am Jun 16, 2021 10:39am
Quoting BeeTogether
Come on 141 I’m ready to open the trapdoor
not yet bro..
i need the price 1.413 before fomc
  • #602,960
  • Jun 16, 2021 10:39am Jun 16, 2021 10:39am
Quoting Nd10
{quote} It isn't. It's actually an upper channel on D1
thing is with current trend I can’t see it.. however if FOMC is USD negative then can definitely get there in a few days
Insane in the Brain..
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