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Cable Update (GBPUSD)

  • #665,081
  • Jun 23, 2022 3:50am Jun 23, 2022 3:50am
Quoting mtako
{quote}Speaking of the devil! Its about time bulls!
And where is my 1.2460? Will this level break, or hold and reverse?
Market in panic, chaotic trades, uncertain.
Playing with everyones minds, one day there is a recession, the next all thing is called of.
Trade safe guys, keep tight, look after your asset.
  • #665,082
  • Jun 23, 2022 3:53am Jun 23, 2022 3:53am
GU - scalp long to target 1.2274
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not a trade signal, dont follow me please.
"Exchange of hands"
  • #665,083
  • Jun 23, 2022 3:54am Jun 23, 2022 3:54am
Testing the buy with stop set to breakeven. Around weekly pivot, h1 demand, broken several key levels. If it breaks yesterdays low then i'll buy lower.
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  • #665,084
  • Jun 23, 2022 3:54am Jun 23, 2022 3:54am
Quoting Jolita
{quote} And where is my 1.2460? Will this level break, or hold and reverse? Market in panic, chaotic trades, uncertain. Playing with everyones minds, one day there is a recession, the next all thing is called of. Trade safe guys, keep tight, look after your asset.
Both the US and UK are already in recession.
It depends now which is the lesser of two evils.......
Lost....
  • #665,085
  • Jun 23, 2022 3:56am Jun 23, 2022 3:56am
Quoting Jolita
{quote} And where is my 1.2460? Will this level break, or hold and reverse? Market in panic, chaotic trades, uncertain. Playing with everyones minds, one day there is a recession, the next all thing is called of. Trade safe guys, keep tight, look after your asset.
What do you mean where is your .2460? I dont understand mate, sorry. Yes, I agree, we have to stay afloat amid chaos. We have to act like price itself, as much as we can. Just enough so it doesnt pull us down too much in our ascension. Hard work indeed. All the best to you my friend

4H curled right back up into the heart of the ranging heaven, bloody hell!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #665,086
  • Jun 23, 2022 4:10am Jun 23, 2022 4:10am
Quoting mysterio
Testing the buy with stop set to breakeven. Around weekly pivot, h1 demand, broken several key levels. If it breaks yesterdays low then i'll buy lower. {image}
welcome back mate! It is very range centric this week. What areas are you looking for scalp to?
Insane in the Brain..
  • #665,087
  • Jun 23, 2022 4:11am Jun 23, 2022 4:11am
Quoting Moty
I'm mister counter trade {image} {image}
Its stalling a couple pips under your TP, what do you do? Simply awesome execution mate!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #665,088
  • Jun 23, 2022 4:15am Jun 23, 2022 4:15am
Quoting gespiri
{quote} Both the US and UK are already in recession. It depends now which is the lesser of two evils.......
UK is in stagflation stage atm.
US started talks further interest rise will take into recession. Perhaps next interest rise will be held.
Any talk on recession creates fair, but it worked so far to lower energy prices.

Was recession confirmed, not just an assumption? Maybe I have missed. I read about mild recession by the end of the year.
  • #665,089
  • Jun 23, 2022 4:18am Jun 23, 2022 4:18am
Quoting Jolita
{quote} UK is in stagflation stage atm. US started talks further interest rise will take into recession. Perhaps next interest rise will be held. Any talk on recession creates fair, but it worked so far to lower energy prices. Was recession confirmed, not just an assumption? Maybe I have missed. I read about mild recession by the end of the year.
No, none was confirmed.....but they never will ESPECIALLY during election season.

We have to remember that when announce a recession/depression/stagflation/etc, it is already after the fact since the data is 1-2 months after the fact.
In addition, those number can be manipulated (e.g. unemployement rate, NFP...).

I try to look at my local grocery stores....which products are running out. If cheaper, no-brand goods are less than brand ones....if people are buying more pasta and less steak, that is my personal indicator that something is amiss.....
Lost....
  • #665,090
  • Jun 23, 2022 4:20am Jun 23, 2022 4:20am
Quoting mtako
{quote} What do you mean where is your .2460? I dont understand mate, sorry. Yes, I agree, we have to stay afloat amid chaos. We have to act like price itself, as much as we can. Just enough so it doesnt pull us down too much in our ascension. Hard work indeed. All the best to you my friend 4H curled right back up into the heart of the ranging heaven, bloody hell!
Thanks mtako your voice was heard

1.2460 was still is my tp.
  • #665,091
  • Jun 23, 2022 4:22am Jun 23, 2022 4:22am
This is where bears try to get back in
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #665,092
  • Jun 23, 2022 4:25am Jun 23, 2022 4:25am
Quoting elbert3
buyers might be in here careful
did you take note
  • #665,093
  • Jun 23, 2022 4:25am Jun 23, 2022 4:25am
Still bullish
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yes yes yes
  • #665,094
  • Jun 23, 2022 4:28am Jun 23, 2022 4:28am
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hedge time long order on top
  • #665,095
  • Jun 23, 2022 4:29am Jun 23, 2022 4:29am
Quoting mtako
This is where bears try to get back in
Range stands, i will not be surprised if we will see 1.23
but this conditions are the worst.. its so funny
Some of here really think they are good traders, becoz this is “you cannot really lose” condition.

later it will smash their faces, this is the usual story.
They plant hope in the retailers, givin them more few dollars to play with, than good buy money.

suckers never dies, only been replaced by others.
  • #665,096
  • Jun 23, 2022 4:31am Jun 23, 2022 4:31am
Usdchf short tp 0.956
  • #665,097
  • Jun 23, 2022 4:31am Jun 23, 2022 4:31am
quote
Schrödinger's cat :
In quantum mechanics, Schrödinger's cat is a thought experiment that illustrates a paradox of quantum superposition. In the thought experiment, a hypothetical cat may be considered simultaneously both alive and dead as a result of its fate being linked to a random subatomic event that may or may not occur.ly

Applies to trading. Both a bear and a bull in our bloody box!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #665,098
  • Jun 23, 2022 4:37am Jun 23, 2022 4:37am
short, double bearish channel
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Trendlines H1,H4, SMC
  • #665,099
  • Jun 23, 2022 4:43am Jun 23, 2022 4:43am
Quoting Whale
{quote} Range stands, i will not be surprised if we will see 1.23 but this conditions are the worst.. its so funny Some of here really think they are good traders, becoz this is “you cannot really lose” condition. later it will smash their faces, this is the usual story. They plant hope in the retailers, givin them more few dollars to play with, than good buy money. suckers never dies, only been replaced by others.
Interesting. Ranging conditions deepen, lighten, transform, end, and so do trends. I find that we have to face the fact that, every time we take a trade, the conditions have perhaps already begun to move away from our perspective, and our job is to realign it the best we can and adapt. Timing is everything, and a small part of it at the same time. I do not share the views shared in your last 4 sentences, but I respect them 100%. Its all a matter of perspective.

P.S I would not be surprised either.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #665,100
  • Jun 23, 2022 4:48am Jun 23, 2022 4:48am
Quoting mtako
quote Schrödinger's cat : In quantum mechanics, Schrödinger's cat is a thought experiment that illustrates a paradox of quantum superposition. In the thought experiment, a hypothetical cat may be considered simultaneously both alive and dead as a result of its fate being linked to a random subatomic event that may or may not occur.ly Applies to trading. Both a bear and a bull in our bloody box! {image}
The poor cat
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