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Cable Update (GBPUSD)

  • #663,501
  • Jun 14, 2022 7:54am Jun 14, 2022 7:54am
Quoting knkie
{quote} i know it as a mosquito coil and it is used all over the united states {image}
this will do better job.

but will not be good against bears.
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  • #663,502
  • Jun 14, 2022 7:58am Jun 14, 2022 7:58am
GU



Scalping LONG

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,503
  • Jun 14, 2022 8:00am Jun 14, 2022 8:00am
Quoting Whale
{quote} this will do better job. but will not be good against bears. {image}
Can I have one.

Just bought GU.

Need to keep Bear away.

Only need Bull

I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,504
  • Jun 14, 2022 8:03am Jun 14, 2022 8:03am
Quoting Pat Chiko
{quote} Can I have one. Just bought GU. Need to keep Bear away. Only need Bull
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  • #663,505
  • Jun 14, 2022 8:06am Jun 14, 2022 8:06am
Very close to get confirmation for short, not yet though.
  • #663,506
  • Jun 14, 2022 8:23am Jun 14, 2022 8:23am
Daily Chart -GU

I cant really tell what the next move is...

maybe it will be be confirmed as a long position if the price goes long and comes to retest the 1.20777 area and continue to go long again
But as it stands im still holding on my short position a lil bit longerAttachment g
  • #663,507
  • Jun 14, 2022 8:42am Jun 14, 2022 8:42am
GBP/JPY going down.
  • #663,508
  • Jun 14, 2022 8:42am Jun 14, 2022 8:42am
GBP/USD should follow.
  • #663,509
  • Jun 14, 2022 8:43am Jun 14, 2022 8:43am
Possibly 1.2019 - 1.1970 is the zone for the bulls
  • #663,510
  • Jun 14, 2022 8:44am Jun 14, 2022 8:44am
All going down vs jpy
  • #663,511
  • Jun 14, 2022 8:45am Jun 14, 2022 8:45am
...apparently, Goldman Sachs added to the growing number that are expecting +0.75% from the fed tomorrow now, they also say it will push U.s into recession. Slight piece of good news or at least not as bad news as expected was that core PPI today was -0.1% off the forecast! But it's slim pickings and it probably won't dissuade any fomc member from voting for +0.75% who was minded to before it was released. If fed do go +0.75% then most likely the bulls really will be running for cover, (again!)
Trader with an Edge.
  • #663,512
  • Jun 14, 2022 8:48am Jun 14, 2022 8:48am
Quoting Headland
...apparently, Goldman Sachs added to the growing number that are expecting +0.75% from the fed tomorrow now, they also say it will push U.s into recession. Slight piece of good news or at least not as bad news as expected was that core PPI today was -0.1% off the forecast! But it's slim pickings. If fed do go +0.75% then most likely the bulls really will be running for cover, (again!)

is it not mostly cooked into the price now ? How much further do you think it could go?
  • #663,513
  • Jun 14, 2022 8:52am Jun 14, 2022 8:52am
Quoting Traderview
Possibly 1.2019 - 1.1970 is the zone for the bulls
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  • #663,514
  • Edited 9:10am Jun 14, 2022 8:55am | Edited 9:10am
Quoting Adzmoz
{quote} is it not mostly cooked into the price now ? How much further do you think it could go?
Yeh maybe, the extent to which we don't really know unless/until it happens...but generally there is always some kind of reaction on the knee-jerk at least when the data is released. I think +0.75% could well see another ' $ strength ' reaction again. We'll see. Trade what we see not what we think as they say, and it's good advice.

I think in the absence of certainty, the following is probably true;

'In the land of the blind, the one-eyed man is king.'
-------------------------------------------------------------------------

... well into this potential supp zone now, but we are working blind to a large extent re trying to fashion any sub 1hr p/back entries in a prev dly/wkly/mthly zone.

down to 1958 Prev wkly/mthly sw lo zone (once disrespected as pot sbr, but then respected as pot supp,) incl:
2051 = Dly S1,
2016 = 127.2% 2155-2666,
1970 = Dly S2,
1964 = 138.2% 2155-2666,
1961 = Mthly S2
Trader with an Edge.
  • #663,515
  • Jun 14, 2022 9:17am Jun 14, 2022 9:17am
I have a serious question: Will the pound still exist tomorrow? It is evaporating like sprayed water in the sun. Even more crazy on EUR/GBP. No retrace, nothing.
  • #663,516
  • Jun 14, 2022 9:18am Jun 14, 2022 9:18am
Done for today, 100% today in short term.

Risk is not the problem stop taking shity trades and focus on high probability trades.

Cheers, trade safe and remember to follow the trend, stop looking for/ trying to pick bottom in a strong trending market

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THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #663,517
  • Jun 14, 2022 9:19am Jun 14, 2022 9:19am
Quoting JackintheBox
I have a serious question: Will the pound still exist tomorrow? It is evaporating like sprayed water in the sun. Even more crazy on EUR/GBP. No retrace, nothing.
Hmm
  • #663,518
  • Jun 14, 2022 9:19am Jun 14, 2022 9:19am
Quoting Headland
{quote} Yeh maybe, the extent to which we don't really know unless/until it happens...but generally there is always some kind of reaction on the knee-jerk at least when the data is released. I think +0.75% could well see another ' $ strength ' reaction again. We'll see. Trade what we see not what we think as they say, and it's good advice. I think in the absence of certainty, the following is probably true; 'In the land of the blind, the one-eyed man is king.' ------------------------------------------------------------------------- ... well into...
But watch EURGBP as well. 200ma @0.8720
  • #663,519
  • Jun 14, 2022 9:22am Jun 14, 2022 9:22am
Quoting Traderview
{quote} But watch EURGBP as well. 200ma @0.8720
a lot of 'dead cat bounces' so far for those that have been trying to find the bottom.
Trader with an Edge.
  • #663,520
  • Jun 14, 2022 9:22am Jun 14, 2022 9:22am
As promised
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