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Cable Update (GBPUSD)

  • #664,961
  • Jun 22, 2022 11:18am Jun 22, 2022 11:18am
Quoting Whale
{quote} bearish or bullish, i don’t remember

If June close above 1.2250 is a confirmation for me
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MY OPINION NOT FINANCIAL ADVISE
  • #664,962
  • Jun 22, 2022 11:25am Jun 22, 2022 11:25am
Quoting donfriday
{quote} If June close above 1.2250 is a confirmation for me {image}
If above than 1.27?
  • #664,963
  • Jun 22, 2022 11:27am Jun 22, 2022 11:27am
Quoting Georginson
{quote} Check the Daily, you can see that Daily is making Lower highs since June 16... Pay very close attention to 1.2343 and 1.2411 as bears last line of defense. Should these levels hold, price may attain 1.2050 area in days ahead. The trick here is that the market will eventually go where you anticipated after you have given up on such level. The bulls have their chance to take on 1.24 today and yet again they couldn't. The hints are there.... Trade safe. George.
They always screw everyone up Mon-Thurs and resume the proper trend Friday....
Lost....
  • #664,964
  • Jun 22, 2022 11:51am Jun 22, 2022 11:51am
Complicated...possible flat correction abc done, and now GU might go to target C. It isn't advice.
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Always trade your own plan...I don't provide trading signals.
  • #664,965
  • Jun 22, 2022 11:55am Jun 22, 2022 11:55am
Quoting bilal1947
{quote} Hi PAT How do you see on such sudden moves and manage them apart from money management..... what is your view on these please. Everyone is welcome to comment and share his views {image}

Here i go again answering my own-self !

Fundamentally we have learnt dollar is weak but GU is weaker based on the higher inflation, and aggressiveness of FED in interest rate hike, i.e., the whole world knows that what if i came to know this recently, so what is obvious market wont let it happen

Similar situation happen last week when FED had to review their interest rates. everyone expecting Dollar to retrace as week start and to be bullish upon rate hike news, but what actually it did is the reverse.... again what is obvious market wont do.....

Q: coming back to today question how to predict the reversal thought GU make a bearish move of 80pip upon news as expected yet here we are
when price take out a liquidity and fills a fvg it has all the reasons to switch sides.
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"Exchange of hands"
  • #664,966
  • Jun 22, 2022 12:01pm Jun 22, 2022 12:01pm
Quoting Coreg2004
Complicated...possible flat correction abc done, and now GU might go to target C. It isn't advice. {image}
Thinking of this, this must be happen when GU want make a reversal for end of the year, I could be wrong too..
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People don't plan to lose. They lose because they don't plan.
  • #664,967
  • Jun 22, 2022 12:01pm Jun 22, 2022 12:01pm
Quoting Whale
{quote} I dont get the reason you closed it up here, simple PA still short {image}
Well, because in my experience a buy on Wednesday (where interest rate differential is on the dollar side) means the big boys paid triple swap (Wednesday is triple swap). When they do this, over the years I have seen that price will most certainly go up higher. The Wednesday high (on a Wednesday they bought) is NEVER the top. They will run it much higher tomorrow. sometimes they take it down the next day to deceive but as sure as the sun, higher prices would come.

That's my sole reason for cutting the short. Let's see how it plays out. But if it closes bullish, price will fly higher. But if they sell it down before close then bears are safe. My fear is that London bought that bottom so it will be difficult to break.
  • #664,968
  • Jun 22, 2022 12:05pm Jun 22, 2022 12:05pm
Holy moly it’s tanking… could the spike be a fake bull?
Insane in the Brain..
  • #664,969
  • Jun 22, 2022 12:06pm Jun 22, 2022 12:06pm
Quoting Mitiblotch
{quote} Well, because in my experience a buy on Wednesday (where interest rate differential is on the dollar side) means the big boys paid triple swap (Wednesday is triple swap). When they do this, over the years I have seen that price will most certainly go up higher. The Wednesday high (on a Wednesday they bought) is NEVER the top. They will run it much higher tomorrow. sometimes they take it down the next day to deceive but as sure as the sun, higher prices would come. That's my sole reason for cutting the short. Let's see how it plays out. But...
Edit: I see the daily candle is red again. So what again was that spike for? These idiots annoy me greatly. Short again 2261.
  • #664,970
  • Jun 22, 2022 12:08pm Jun 22, 2022 12:08pm
Quoting Mitiblotch
{quote} Well, because in my experience a buy on Wednesday (where interest rate differential is on the dollar side) means the big boys paid triple swap (Wednesday is triple swap). When they do this, over the years I have seen that price will most certainly go up higher. The Wednesday high (on a Wednesday they bought) is NEVER the top. They will run it much higher tomorrow. sometimes they take it down the next day to deceive but as sure as the sun, higher prices would come. That's my sole reason for cutting the short. Let's see how it plays out. But...
I know you, you have a lot of theories built by experience. Im prefers to stick to the market structure .. hours will tell
  • #664,971
  • Jun 22, 2022 12:10pm Jun 22, 2022 12:10pm
Quoting elbert3
Now will it go back 2260 or below
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as above target hit . If anybody took notice of the doji call and used it as levels for fib . We are at 38% pull back at this time . Shall we buy back .?? Answers on a postcard please lol
  • #664,972
  • Jun 22, 2022 12:10pm Jun 22, 2022 12:10pm
Quoting BeeTogether
Holy moly it’s tanking… could the spike be a fake bull?
This was Perfect place to trap the bulls, price didnt make HH or else, maked super pin H4 for trap, but main trend is still down do I expect to price will visit soon last low or break it
People don't plan to lose. They lose because they don't plan.
  • #664,973
  • Jun 22, 2022 12:13pm Jun 22, 2022 12:13pm
Quoting Wavegarrick
{quote} Hi Guys, Got myself into a tight spot with these trades, nevertheless I remain in my buy trades with the cyclic up trend, suffice to say not looking great at the moment. I am progressively in positive pips and will act accordingly when the situation presents itself. My weekly pivot at 1.21819 (green highlight) remains a spot to be tested this week but not guaranteed. Rangy conditions for sure, so be alert for decisive breakouts. Trade safe, Cheers. {image}
Hi Guys,
The ugly side of range trading vs trend trading or should I say scalping vs medium to long term trading. I have taken some knocks today. I saw a possible retrace to my weekly pivot at 1.21819 which happened and unfortunately overshot towards my 50% fib retrace at 1.21690 and stops were taken out. I am back in with buy trades and all trades are locked in. I am in a cyclic uptrend and trade as such.
Have a great week.
Cheers.
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Trade to trade another day
  • #664,974
  • Jun 22, 2022 12:14pm Jun 22, 2022 12:14pm
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busy day all trades called only 3 losers . None leverage account
  • #664,975
  • Jun 22, 2022 12:17pm Jun 22, 2022 12:17pm
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will it confirm break ?
  • #664,976
  • Jun 22, 2022 12:21pm Jun 22, 2022 12:21pm
I see a bull day candle and 4 inside...how is it possible for so much analysis ?
  • #664,977
  • Jun 22, 2022 12:35pm Jun 22, 2022 12:35pm
Quoting chess king
I see a bull day candle and 4 inside...how is it possible for so much analysis ?
keep it simple CK , 5 EMAS and watch the candles Regards E
  • #664,978
  • Jun 22, 2022 12:38pm Jun 22, 2022 12:38pm
2273 long order on now on5 min lets see if it picks it up ,,if anybodys interested
  • #664,979
  • Jun 22, 2022 12:51pm Jun 22, 2022 12:51pm
Quoting Mitiblotch
{quote} Edit: I see the daily candle is red again. So what again was that spike for? These idiots annoy me greatly. Short again 2261.
Out again from GU. May sit out till Monday. Or just focus on EU a few more days which I know price will go up. Skip this anomalous pair for a few days.
  • #664,980
  • Jun 22, 2022 12:56pm Jun 22, 2022 12:56pm
Quoting elbert3
2273 long order on now on5 min lets see if it picks it up ,,if anybodys interested
the opposite could be 2210
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