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Cable Update (GBPUSD)

  • #663,901
  • Jun 15, 2022 1:10pm Jun 15, 2022 1:10pm
Quoting BankofNewJer
A good price to buy GBP will be 1.20
are you a bank?
  • #663,902
  • Jun 15, 2022 1:12pm Jun 15, 2022 1:12pm
Quoting ScalaFX
{quote} Thanks! Im already Red Im first time here and I love this place Im recomending this for all cheers! {image}
Beautiful! Can smell the heat.
Enjoy!
  • #663,903
  • Jun 15, 2022 1:19pm Jun 15, 2022 1:19pm
Quoting Jolita
{quote} JereMi, what is you TP? Something like 50%?
1.2176, i don't want to carry this trade foward, setting SL at BE, no momentum now.
Face 'ur fears & tame 'ur greed
  • #663,904
  • Jun 15, 2022 1:28pm Jun 15, 2022 1:28pm
Quoting BeeTogether
{quote} What you targeting? I’m looking at 12050 but will look to TP earlier if needed
GU

Around there at FL area confluence with H1 RSF.

Attached Image (click to enlarge)
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EDIT : adding chart
H1 - Street View

Attached Image (click to enlarge)
Click to Enlarge Name: gu 258.jpg Size: 153 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,905
  • Jun 15, 2022 1:31pm Jun 15, 2022 1:31pm
Quoting Jolita
{quote} Rate rise purpose to beat inflation. Inflation main cause is high fuel. Apparently with higher rates, consumers spend more, and stay off road, fuel demand decrease. Lower fuel demand = lower prices.
You mean consumers spend less right due dollar becoming more expensive to borrow.
  • #663,906
  • Jun 15, 2022 1:33pm Jun 15, 2022 1:33pm
Quoting JereMi256
Sell opened @1.2200 SL 1.22115
All out +20pips
Face 'ur fears & tame 'ur greed
  • #663,907
  • Jun 15, 2022 1:42pm Jun 15, 2022 1:42pm
Quoting Pat Chiko
{quote} GU Around there at FL area confluence with H1 RSF. {image} EDIT : adding chart H1 - Street View {image}
It’s tempting to go lower.. could be wrong especially with BoE tomorrow
Insane in the Brain..
  • #663,908
  • Jun 15, 2022 1:54pm Jun 15, 2022 1:54pm
Quoting Pat Chiko
{quote} GU Around there at FL area confluence with H1 RSF. {image} EDIT : adding chart H1 - Street View {image}


This is for moty Reply - created those level for you.
Quoting Pat Chiko
{quote} GU At least let the GAP close first before setting for going long. This way , you may minimise drawdown and entry with low risk. ( your losses are tiny) {image}
Quoting BeeTogether
{quote} It’s tempting to go lower.. could be wrong especially with BoE tomorrow
Don't hesitate - just look at structure first, then S&R.
The worse thing can happen, you got stopped out not Margin Call.
If you're afraid to lose, then you're not ready to trade live.

GU

Sructure as main analysis
S&R guide for sweet spot.
CPLQ Completed.
Price Analysis - down to origin.
Take Profit where price pull back.


Attached Image (click to enlarge)
Click to Enlarge Name: gu 259.jpg Size: 168 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,909
  • Jun 15, 2022 2:06pm Jun 15, 2022 2:06pm
Quoting Whale
{quote} 0.75 increase total is 1.75

Suspected that when I saw the man on the street earlier.......

Attached Image (click to enlarge)
Click to Enlarge Name: powell 5.jpg Size: 58 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,910
  • Jun 15, 2022 2:08pm Jun 15, 2022 2:08pm
Quoting samsha786
{quote} Your Risk vs. Reward is awesome!
On Automation

If I could get someone to program an indicator using my thought process it would change the market.

Because it would shift everything because if 95% of people used it then the market would adapt to screw them.

The house always wins.

Learn to read it properly
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,911
  • Jun 15, 2022 2:47pm Jun 15, 2022 2:47pm
Quoting Pat Chiko
{quote} On Automation If I could get someone to program an indicator using my thought process it would change the market. Because it would shift everything because if 95% of people used it then the market would adapt to screw them. The house always wins. Learn to read it properly
Hiya PAT, very true mate, it wouldn't take long for the big boys ALGO's to adapt to it and then just when you think your safe kick everybody in the balls, lol.
  • #663,912
  • Jun 15, 2022 3:36pm Jun 15, 2022 3:36pm
Quoting TrickorTrade
{quote} You mean consumers spend less right due dollar becoming more expensive to borrow.
You are right, apologies, expressed wrong.
*Corrected
increasing interest rates raise consumers and manufacturers costs...

Still figuring out why dollar was sold.
Perhaps due to new hopes of avoiding recession (while previously due to tension on recession posibility dollar was bought)
or
promise on lower inflation by 2023,
or
oversold .. /usd currency pairs?

What do think?
  • #663,913
  • Jun 15, 2022 7:04pm Jun 15, 2022 7:04pm
Some 2hrs of trading.

This is enough.

In 4hr, shorting was preferred after yesterday NY Close.

All what one has to do is wait for the asian spike and short.

This is what I did with GU.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-06-16 073026.png Size: 44 KB
Intraday only.
  • #663,914
  • Jun 15, 2022 7:23pm Jun 15, 2022 7:23pm
Quoting Jolita
{quote} You are right, apologies, expressed wrong. *Corrected increasing interest rates raise consumers and manufacturers costs... Still figuring out why dollar was sold. Perhaps due to new hopes of avoiding recession (while previously due to tension on recession posibility dollar was bought) or promise on lower inflation by 2023, or oversold .. /usd currency pairs? What do think?
Dollar was sold off due to the fact that the interest rate hike of 0.75% had already been priced in, sending cable to second lowest price since year 2000. The long term effect of this rate hike will be positive Dollar. You may check May 4 - 5 of this year for more clues.
Data + Stat + Risk/Emotions Management
  • #663,915
  • Jun 15, 2022 7:27pm Jun 15, 2022 7:27pm
when 4hr is favourable, one needs to take long for a target of 2250 and above today.

Somewhere close to 2120/2100. When price reaches here, one has to see 4hr chart for possible long entry

IMO
Intraday only.
  • #663,916
  • Edited 8:50pm Jun 15, 2022 8:19pm | Edited 8:50pm
Quoting navk
when 4hr is favourable, one needs to take long for a target of 2250 and above today. Somewhere close to 2120/2100. When price reaches here, one has to see 4hr chart for possible long entry IMO
Before we get there... think there's a short opportunity @ 1.22 if we get there from here?

EDIT: Went short @ 1.2171, TP @ 1.2100. Will look for long there.
  • #663,917
  • Jun 15, 2022 8:19pm Jun 15, 2022 8:19pm
Quoting Pat Chiko
{quote} Suspected that when I saw the man on the street earlier....... {image}
Hhhhhh
  • #663,918
  • Jun 15, 2022 8:35pm Jun 15, 2022 8:35pm
Attached Image (click to enlarge)
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yes yes yes
  • #663,919
  • Jun 15, 2022 8:46pm Jun 15, 2022 8:46pm
Attached Image (click to enlarge)
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  • #663,920
  • Jun 15, 2022 9:29pm Jun 15, 2022 9:29pm
1.2080 - 1.2050 is the good place to go long. But a retest of 1.1980 is also on the cards which was my previous support zone 1.1980 - 1.2015.
Trade little late and little slow. Don't get trapped into the SL hunters.
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