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Cable Update (GBPUSD)

  • #663,241
  • Jun 13, 2022 2:40am Jun 13, 2022 2:40am
sell high of asia range, 2300, possibly lower at 1. 22651
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"TIME AND PRICE IS ALL THERE IS"
  • #663,242
  • Jun 13, 2022 2:45am Jun 13, 2022 2:45am
Quoting PatienceFx
{image}
tricky
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  • #663,243
  • Edited 3:03am Jun 13, 2022 2:48am | Edited 3:03am
Quoting profits7
{image}
_________________ Soon will bank 50% of my Profits$$$ = B Happy with small profits @ d time
Don’t focus on making $$$, focus on protecting what you have.
  • #663,244
  • Jun 13, 2022 2:48am Jun 13, 2022 2:48am
Daily open should be touched today
  • #663,245
  • Jun 13, 2022 2:52am Jun 13, 2022 2:52am
Quoting AlfieSolomon
Daily open should be touched today
what makes her a "should be" ?
  • #663,246
  • Jun 13, 2022 2:58am Jun 13, 2022 2:58am
Waiting for 1.22 for a possible retracement!
Face 'ur fears & tame 'ur greed
  • #663,247
  • Jun 13, 2022 2:59am Jun 13, 2022 2:59am
Quoting sisimaru
{quote} what makes her a "should be" ?
because she said so
  • #663,248
  • Edited 3:13am Jun 13, 2022 3:00am | Edited 3:13am
Quoting Georginson
{quote} Mate, also Note that every Trend that has a beginning will also have an end. How about educating traders on how to avoid selling at a low and also avoid buying at a high? How about educating traders how to identify Possible Trend reversals so as not to join the party when is already getting over? Yes the trend is your friend and can also be your foe if caution isn't applied. Regards, George.
Very good Question, this will take a lot of reading/studying, practice above all screen time. Never the less let me put up some point that might point one towards the direction or gives some clues



1) First and foremost, how do you know some thing is trending on Twitter, Tiktok etc,?
How do you know a music is trending? and why do say is trending? is not when it's a choice of majorities? i guess you know the answer.
So back to the market, now with the above example how do you or should you know the market is Trending? (Majority here i mean more money or volume or buyers or sellers)

2) Why will you join the party when it's is over? why don't you join the party when you see that party has been confirm to have started and heated up and so many participants is present?

3) If you go the party too early then you know that you risk going to the party and meeting and empty all or the party might even being cancel while your in it.

4) In this business nothing is handed to you, you study, practice and take clues here and there, have enough screen time, i repeat have enough screen time.

5) Anybody who has had a enough screen time will know that Gbpusd was ranging so bad for a long time(some days) and because of that he would have known that trending is around the corner) after trending like this enough screen time should give you a hints of what will happen next, some people like PAT Chiko will have to eat because it has to favor both sides. When it happens, then enough Screen time will show you, you don't have to rush in, wait for it.

Please anyone can take this clues and use it or disregard them. Cheers
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #663,249
  • Jun 13, 2022 3:04am Jun 13, 2022 3:04am
not going to trade GU now till NY open, even with my neighbor's head in a tank barrel [ why should i risk myself]
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  • #663,250
  • Jun 13, 2022 3:13am Jun 13, 2022 3:13am
Quoting PatienceFx
not going to trade GU now till NY open, even with my neighbor's head in a tank barrel [ why should i risk myself] {image}
It is taking no prisoners. It wants the head of every bull on a pole.
  • #663,251
  • Jun 13, 2022 3:16am Jun 13, 2022 3:16am
...
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Trader with an Edge.
  • #663,252
  • Jun 13, 2022 3:19am Jun 13, 2022 3:19am
Quoting sisimaru
{quote} what makes her a "should be" ?
You will see
  • #663,253
  • Jun 13, 2022 3:19am Jun 13, 2022 3:19am
Quoting JereMi256
Waiting for 1.22 for a possible retracement!
Buy limit set
Face 'ur fears & tame 'ur greed
  • #663,254
  • Jun 13, 2022 3:21am Jun 13, 2022 3:21am
Quoting Pat Chiko
{quote} GU Stopped out retry in a bit at support {image}
Pat this is not your season, wait for your season when it starts happening you will see it and know, you will flourish in your season. Cheers
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #663,255
  • Jun 13, 2022 3:27am Jun 13, 2022 3:27am
Quoting profits7
{quote} _________________ Soon will bank 50% of my Profits$$$ = B Happy with small profits @ d time
________________ TP2 @22087
Don’t focus on making $$$, focus on protecting what you have.
  • #663,256
  • Jun 13, 2022 3:27am Jun 13, 2022 3:27am
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...
Scenario B playing Out?... Today 13th June may be the Low of June if price can take out 1.2400... if only if. Fingers crossed!
Data + Stat + Risk/Emotions Management
  • #663,257
  • Jun 13, 2022 3:40am Jun 13, 2022 3:40am
intraday trade

1hour chart

hidden bullish divergence

can we see 1.2350
MY OPINION NOT FINANCIAL ADVISE
  • #663,258
  • Jun 13, 2022 4:02am Jun 13, 2022 4:02am
Looking to see if we can touch 12180-12200 for a possible retrace up to maybe 12280
Insane in the Brain..
  • #663,259
  • Jun 13, 2022 4:05am Jun 13, 2022 4:05am
Quoting Georginson
{quote} Scenario B playing Out?... Today 13th June may be the Low of June if price can take out 1.2400... if only if. Fingers crossed!
Now with this analysis some traders will want to enter early enough thereby buying from the bottom, those demons in them will kick in and tell them this is the right place to buy. YOU WILL AVOID THIS IF YOU HAVE ENOUGH SCREEN TIME. Georginson is not saying you should buy now ooooo
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #663,260
  • Jun 13, 2022 4:14am Jun 13, 2022 4:14am
Based on the fundamental analysis there is no way GBP will rise against USD in the meantime. The only reason why Pound could rise is if Fed doesn't impress this week, which in my opinion they should and will. That being said, I expect a big red monthly candle. 22. of June we have CPI y/y for Pound which will be another nail for Pound. Those are my two pennies however.
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