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Cable Update (GBPUSD)

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  • Post #665,181
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  • Jun 23, 2022 10:02am Jun 23, 2022 10:02am
  •  elbert3
  • Joined Dec 2013 | Status: Member | 18,421 Posts
Attachment 4230331Attachment 4230330in the box
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  • Post #665,182
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  • Jun 23, 2022 10:02am Jun 23, 2022 10:02am
  •  Moty
  • Joined Dec 2017 | Status: Member | 18,696 Posts
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  • Post #665,183
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  • Jun 23, 2022 10:03am Jun 23, 2022 10:03am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie | 7,999 Posts | Invisible
Quoting Pat Chiko
Disliked
{quote} Yesterday, GU spike up after Jay Powell testify on the Semi-Annual Monetary Policy Report before the Senate Banking Committee. Prior to that GU was down on UK CPI Report. Market do react to FED. That is after Powell speaks , expect major volatility
Ignored
Fed Chair Powell Testifies
Usual Effect : More hawkish than expected is good for currency
Fear of losing is the #1 reason you are losing.
 
1
  • Post #665,184
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  • Jun 23, 2022 10:06am Jun 23, 2022 10:06am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 2,923 Posts | Online Now
Elbert 3 my tp is higher than 1.23 by a few hundred pips
 
 
  • Post #665,185
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  • Jun 23, 2022 10:17am Jun 23, 2022 10:17am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 2,236 Posts | Invisible
Lady in red surely enjoying the speech while keep moving her leg over n over.

Main message !! "Strongly committed to bring the inflation back down"
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Extend it out in Time !! Faith, Discipline, Patience, Prayers, Hard-work !!
 
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  • Post #665,186
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  • Jun 23, 2022 10:17am Jun 23, 2022 10:17am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 2,923 Posts | Online Now
My timeframe does not account for your drawdown. What time frame are you charting off
 
 
  • Post #665,187
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  • Jun 23, 2022 10:20am Jun 23, 2022 10:20am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 2,236 Posts | Invisible
Quoting bilal1947
Disliked
{quote} Bagged (73 pips) yet TP miss by 1 pip, so closed manually will see after red news, i am bearish overall though. {image}
Ignored
GU - added short
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Extend it out in Time !! Faith, Discipline, Patience, Prayers, Hard-work !!
 
4
  • Post #665,188
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  • Jun 23, 2022 10:24am Jun 23, 2022 10:24am
  •  Whale
  • Joined Jun 2013 | Status: Eyes on the prize | 6,940 Posts
Quoting bilal1947
Disliked
Lady in red surely enjoying the speech while keep moving her leg over n over. Main message !! "Strongly committed to bring the inflation back down" {image}
Ignored


Bring me red candles as well lady!!
 
1
  • Post #665,189
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  • Jun 23, 2022 10:25am Jun 23, 2022 10:25am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 2,923 Posts | Online Now
Ok I understand Elbert drawdown to 1.22400 your red line and then up again
 
 
  • Post #665,190
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  • Jun 23, 2022 10:28am Jun 23, 2022 10:28am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 2,236 Posts | Invisible
Gold - Shorted - Focus at area1820
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Extend it out in Time !! Faith, Discipline, Patience, Prayers, Hard-work !!
 
2
  • Post #665,191
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  • Jun 23, 2022 10:29am Jun 23, 2022 10:29am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 3,731 Posts | Online Now
Quoting bilal1947
Disliked
Lady in red surely enjoying the speech while keep moving her leg over n over. Main message !! "Strongly committed to bring the inflation back down" {image}
Ignored
I saw that too!
 
1
  • Post #665,192
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  • Jun 23, 2022 10:30am Jun 23, 2022 10:30am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie | 7,999 Posts | Invisible
Quoting bilal1947
Disliked
Lady in red surely enjoying the speech while keep moving her leg over n over. Main message !! "Strongly committed to bring the inflation back down" {image}
Ignored
Already asked the Committee to remove the distraction.

I want to focus on Jay Testify.
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Fear of losing is the #1 reason you are losing.
 
7
  • Post #665,193
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  • Jun 23, 2022 10:32am Jun 23, 2022 10:32am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 2,236 Posts | Invisible
Quoting Pat Chiko
Disliked
{quote} Already asked the Committee to remove the distraction. I want to focus on Jay Testify. {image}{image}
Ignored
Thank you!!! hahaha they really switched her seat
Extend it out in Time !! Faith, Discipline, Patience, Prayers, Hard-work !!
 
 
  • Post #665,194
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  • Jun 23, 2022 10:37am Jun 23, 2022 10:37am
  •  Moty
  • Joined Dec 2017 | Status: Member | 18,696 Posts
all ready in , get ready
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  • Post #665,195
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  • Jun 23, 2022 10:43am Jun 23, 2022 10:43am
  •  Wavegarrick
  • Joined Sep 2017 | Status: Member | 2,474 Posts
Quoting Wavegarrick
Disliked
{quote} 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. {image}
Ignored
Hi Guys,
As time goes, it becomes more clear that GU is trading in a symmetrical triangle. I am concerned about Gu's inability to break to the upside and time is running out for bulls, but it still makes more sense for a break to the upside, out of the triangle. We just never know in this darn business.
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The symmetrical triangle looks quite clear on Usdx and I believe A breakout either way will be decisive for direction.
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Trade safe,
Cheers.
Trade to Trade another day.
 
9
  • Post #665,196
  • Quote
  • Jun 23, 2022 10:45am Jun 23, 2022 10:45am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 2,236 Posts | Invisible
Quoting Moty
Disliked
all ready in , get ready {image}
Ignored
i am ready !
Extend it out in Time !! Faith, Discipline, Patience, Prayers, Hard-work !!
 
 
  • Post #665,197
  • Quote
  • Jun 23, 2022 10:47am Jun 23, 2022 10:47am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 3,731 Posts | Online Now
Quoting Pat Chiko
Disliked
{quote} Already asked the Committee to remove the distraction. I want to focus on Jay Testify. {image}{image}
Ignored
Darn man she was hot
 
 
  • Post #665,198
  • Quote
  • Jun 23, 2022 10:52am Jun 23, 2022 10:52am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 2,923 Posts | Online Now
Hi Bilal. Working on Elberts approach of a second smaller time frame I get gold heading to 1830
 
 
  • Post #665,199
  • Quote
  • Jun 23, 2022 10:54am Jun 23, 2022 10:54am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 2,923 Posts | Online Now
Longer time frames means less trading but accepting large drawdowns in the process
 
1
  • Post #665,200
  • Quote
  • Jun 23, 2022 10:57am Jun 23, 2022 10:57am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 2,236 Posts | Invisible
Quoting Houtbay
Disliked
Hi Bilal. Working on Elberts approach of a second smaller time frame I get gold heading to 1830
Ignored
Okay, noted
Extend it out in Time !! Faith, Discipline, Patience, Prayers, Hard-work !!
 
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