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Cable Update (GBPUSD)

  • #663,101
  • Jun 10, 2022 9:51pm Jun 10, 2022 9:51pm
Instead of predicting, I will look for solid bull candle, 1 hr to go long from 2300.

This I will do after tokyo open.
Intraday only.
  • #663,102
  • Jun 10, 2022 11:28pm Jun 10, 2022 11:28pm
Since the start of the pandemic, price has almost completed its full cycle as shown below on the daily time frame. With the economic turmoil , a few more days and we may actually see a strong rally. The fed's bluffing of this one and as the dollar goes, down the pound will shoot up. On the 2H time frame, using the action and reaction lines, considering the demand zone and a fib extension, I believe the pound may still melt this upcoming week. We should see a correction once it reaches the lower reaction lines, the demand zone, and 1.618 fib level.
Attached Image(s) (click to enlarge)
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  • #663,103
  • Jun 11, 2022 2:23am Jun 11, 2022 2:23am
Quoting Nordling
GU is definitely a good buy from here
Just for scalping maybe good
Im feeling it will go down deeper next week
my loss is your gain
  • #663,104
  • Edited 3:07am Jun 11, 2022 2:47am | Edited 3:07am
Quoting Bogdanoff
{quote} Just for scalping maybe good Im feeling it will go down deeper next week
I don't scalp, i am a position trader. Let's wait and see what happens. I will stay long. Greenest pips to you and everyone
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  • #663,105
  • Jun 11, 2022 3:04am Jun 11, 2022 3:04am
Quoting Nordling
{quote} I don't scalp, i am a position trader. Let's wait ans see what happens. I will stsy long. Greenest pips to you and everyone
Hey Nordling,
Good to see you here with your view at GU, please share more often your analysis here so everyone can take some to his experience, cheers!
People don't plan to lose. They lose because they don't plan.
  • #663,106
  • Jun 11, 2022 3:11am Jun 11, 2022 3:11am
Quoting ScalaFX
{quote} Hey Nordling, Good to see you here with your view at GU, please share more often your analysis here so everyone can take some to his experience, cheers!
Thank you so much for these kind words man It means a lot.

Sorry for not being so active, school and exams take most of my time lately.
You have to have an IQ higher than 90 to interact with this user.
  • #663,107
  • Jun 11, 2022 3:23am Jun 11, 2022 3:23am
Quoting Nordling
{quote} Thank you so much for these kind words man It means a lot. Sorry for not being so active, school and exams take most of my time lately.
I know what you mean, a lot time ago I had the same honestly I dont remember now so much long time ago fell free to post and wish you luck collecting pips and with all exam session! Cheers!
People don't plan to lose. They lose because they don't plan.
  • #663,108
  • Jun 11, 2022 3:48am Jun 11, 2022 3:48am
Quoting ScalaFX
{quote} I know what you mean, a lot time ago I had the same honestly I dont remember now so much long time ago fell free to post and wish you luck collecting pips and with all exam session! Cheers!
Haha i hope i can leave school in the past too one day

Thanks for the good wishes buddy, wishing you luck and greenest pips as well
You have to have an IQ higher than 90 to interact with this user.
  • #663,109
  • Jun 11, 2022 4:08am Jun 11, 2022 4:08am
Quoting Nordling
{quote} Haha i hope i can leave school in the past too one day Thanks for the good wishes buddy, wishing you luck and greenest pips as well
the fact u are trading will give a very bright future..so many transferable skills which will make successfully, I have no doubt

looks like a failed pin..

Inserted Video


Parrot music also helping me stay calm
Attached Image (click to enlarge)
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  • #663,110
  • Edited 5:26am Jun 11, 2022 4:38am | Edited 5:26am
trend channeling is a very good approach, I use that too.
its simplicity is its advantage and cannot be over complicated.
  • #663,111
  • Jun 11, 2022 6:49am Jun 11, 2022 6:49am
Quoting nAVIN2007
{quote} the fact u are trading will give a very bright future..so many transferable skills which will make successfully, I have no doubt looks like a failed pin.. https://www.youtube.com/watch?v=vJG62OtQePw&t=12769s Parrot music also helping me stay calm {image}
Hi Nav,
That heavy red support is at what price?
  • #663,112
  • Jun 11, 2022 7:13am Jun 11, 2022 7:13am
Quoting nAVIN2007
{quote} the fact u are trading will give a very bright future..so many transferable skills which will make successfully, I have no doubt looks like a failed pin.. https://www.youtube.com/watch?v=vJG62OtQePw&t=12769s Parrot music also helping me stay calm {image}
Thank you for these kind words buddy I hope my forex track record helps me with becoming a financial advisor/consultant one day.
You have to have an IQ higher than 90 to interact with this user.
  • #663,113
  • Jun 11, 2022 7:17am Jun 11, 2022 7:17am
Quoting tiborf71
{quote} dude. you are already too complicated. it should be much simpler.
Dude, this is the simple bit, - but don't worry I'll give you a heads up when we get to the complicated bits!
Trader with an Edge.
  • #663,114
  • Jun 11, 2022 7:36am Jun 11, 2022 7:36am
Quoting Headland
{quote} Dude, this is the simple bit, - but don't worry I'll give you a heads up when we get to the complicated bits!
OK.
i can't wait for that complicated thing.
lol.
  • #663,115
  • Jun 11, 2022 8:57am Jun 11, 2022 8:57am
Quoting Georginson
I will take a buy on Monday anywhere from 1.23 to target 1.27... second buy limit will also be set at 1.2160 to target same 1.2700. It's Swing time for me.
I just checked the fundamentals coming up next week concerning BOE and FED interest rates and realized we are in for serious volatility, which will necessitate modifications in my trade decisions.

I will take a buy on Monday but my target will be limited to 1.2420 instead of the initial 1.2700.

This coming week (13th - 17th June) is expected to have 300 - 360 pips range due to last week's range and two giant upcoming fundamentals.

Scenario A
1.2450 ^ 1.2100

Scenario B
1.2220 ^ 1.2570

Note: pay very close attention to 1.2470, price failure to break 1.2470 will be clear invitation of 1.2100. Only a break of 1.2470 will invalidate 1.2100 and will rather expose 1.2570.

I will be selling from 1.2425 - 1.2460, with my tight stop loss positioned at 1.2475, my target will be 1.2220.

This Analysis is for 13th - 17th June only.

As always, a research excerpt with no obligation to follow!
Data + Stat + Risk/Emotions Management
  • #663,116
  • Jun 11, 2022 9:04am Jun 11, 2022 9:04am
Quoting Nordling
{quote} Thank you for these kind words buddy I hope my forex track record helps me with becoming a financial advisor/consultant one day.
without a doubt buddy
  • #663,117
  • Jun 11, 2022 9:05am Jun 11, 2022 9:05am
Quoting Georginson
{quote} I just checked the fundamentals coming up next week concerning BOE and FED interest rates and realized we are in for serious volatility, which will necessitate modifications in my trade decisions. I will take a buy on Monday but my target will be limited to 1.2420 instead of the initial 1.2700. This coming week (13th - 17th June) is expected to have 300 - 360 pips range due to last week's range and two giant upcoming fundamentals. Scenario A 1.2450 ^ 1.2100 Scenario B 1.2220 ^ 1.2570 Note: pay very close attention to 1.2470, price failure...
does the 450 pip range still count?
Insane in the Brain..
  • #663,118
  • Jun 11, 2022 9:06am Jun 11, 2022 9:06am
Quoting Nd10
{quote} Hi Nav, That heavy red support is at what price?

id say 1.22
  • #663,119
  • Jun 11, 2022 9:24am Jun 11, 2022 9:24am
Quoting BeeTogether
{quote} does the 450 pip range still count?
450 pips is the minimum expected range for this June, which means if 1.2616 holds, expect possible low of 1.2166 this June.
Data + Stat + Risk/Emotions Management
  • #663,120
  • Jun 11, 2022 9:36am Jun 11, 2022 9:36am
Im expecting a huge drop on my often trading pair like UJ from Friday top 300-500 pips, maybe intervene, reason is double hanging man od daily, Im telling this becouse UJ like moving opposite to cable, so we can see the same ride up on GU from monday towards 1.26-1.28 like the same range, that's only candle observationz but can be played well, happy weekend and see you at end of month becouse Im going for my holiday tomarrow cheers! Trade safe!
People don't plan to lose. They lose because they don't plan.
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