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Cable Update (GBPUSD)

  • #748,561
  • May 31, 2023 9:19am May 31, 2023 9:19am
Quoting mysterio
just let a 55 pip trade run back to its entry. no words ! i'm an idiot. Still clinging on but it's as good as done
If DXY goes to 103.5 you will get that back and more.
  • #748,562
  • May 31, 2023 9:20am May 31, 2023 9:20am
Quoting ForexStats
It's the last day of May. Historically, June has been a down month for GBP/USD. {image}
You need to look last 10 to 12 years for the actual large bull run on the SP500 to get a proper view of cable. Also there is month-end flows until London fixing the next minutes. So the rush into US Dollar could sharply end then. And then again US Dollar selling with stronger cable into NFP on Friday. Summer all in all is more bearish, but this is because the stock market is usually down that period too, hence the US Dollar bullish moves into that time period. But that is only for the longer term positions relevant, not for short term moves, as there can be lot of volatility. With the next NFP data on Friday this week. And usual month-end flows ends at LD fixing.
  • #748,563
  • May 31, 2023 9:24am May 31, 2023 9:24am
Quoting Elysion
{quote} Waiting for price to show me bullish conviction before I enter more.

OK. Good

I wait for your signal. Thanks
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #748,564
  • May 31, 2023 9:24am May 31, 2023 9:24am
Quoting mysterio
just let a 55 pip trade run back to its entry. no words ! i'm an idiot. Still clinging on but it's as good as done
If you had closed price would go in favour of your position. That's the beauty of this game
  • #748,565
  • May 31, 2023 9:25am May 31, 2023 9:25am
Quoting dantpm
{quote} If DXY goes to 103.5 you will get that back and more.

its true but, sheesh that was 60 lots. you can work out how much I let slide cause I was dreaming.

trade still running for now
  • #748,566
  • May 31, 2023 9:25am May 31, 2023 9:25am
Бред. Доллар продаётся на фоне укрепления доллара. Вы себя слышите ?
Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #748,567
  • May 31, 2023 9:27am May 31, 2023 9:27am
Current Rate : 1.3603

Took a trade after a long time on Cable - Short , luckily it went my way up +45 Pips as i write this and have trailing at +15 Pips

Bella's GMT Switch
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_01.png Size: 14 KB
Goddess of Thunder..
  • #748,568
  • May 31, 2023 9:27am May 31, 2023 9:27am
Quoting mysterio
{quote} its true but, sheesh that was 60 lots. you can work out how much I let slide cause I was dreaming. trade still running for now
I was in the same boat, however must have got in a bit later as I was stopped out at break even. Just entered final long for today, targeting yesterdays high.
  • #748,569
  • May 31, 2023 9:27am May 31, 2023 9:27am
Quoting alienguy123
{quote} too volatile esp JPY i nearly want vomit the range so big
Oh damn, those are good scalping entries. I missed good opportunities dang.
UJ has to go down. Bears clumping at the top since yesterday.
Exhausted
  • #748,570
  • May 31, 2023 9:27am May 31, 2023 9:27am
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2023-05-31 07-33-36-834.png Size: 53 KB

closed...
  • #748,571
  • May 31, 2023 9:29am May 31, 2023 9:29am
Quoting Elysion
{quote} Oh damn, those are good scalping entries. I missed good opportunities dang. UJ has to go down. Bears clumping at the top since yesterday.
good scalping another way round also easy wipe you if you are in wrong direction

imagine the range is like 13960 to 14060, then 13990 to 13930
  • #748,572
  • May 31, 2023 9:29am May 31, 2023 9:29am
Quoting Pat Chiko
{quote} OK. Good I wait for your signal. Thanks
Don't wait for my signal brother.
I'm buying slowly at 1.236 - 1.238 areas.
Will scale in more if prices cintinue to move up.
Exhausted
  • #748,573
  • May 31, 2023 9:30am May 31, 2023 9:30am
Quoting Elysion
Entering long again, 1.2357 seems to be holding. For the time being.
Thanks, I copy you.

GU

N3 LONG
Attached Image (click to enlarge)
Click to Enlarge Name: gu 157.jpg Size: 130 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #748,574
  • May 31, 2023 9:32am May 31, 2023 9:32am
Quoting Elysion
{quote} Don't wait for my signal brother. I'm buying slowly at 1.236 - 1.238 areas. Will scale in more if prices cintinue to move up.
You're very good sniper.

Just let me know where to TP. I copy you.
Thanks again...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #748,575
  • May 31, 2023 9:32am May 31, 2023 9:32am
Quoting alienguy123
{quote} good scalping another way round also easy wipe you if you are in wrong direction imagine the range is like 13960 to 14060, then 13990 to 13930
Yeah, but my system is fairly accurate when it comes to scalping ranges. In and out quickly.

It tends to fail a lot during trends that why Im currently practising PA for trend trading.
Exhausted
  • #748,576
  • May 31, 2023 9:33am May 31, 2023 9:33am
There is a lot of rebalancing from funds due to their positions. This takes place at month-end on last trading day, especially in the last hour to Londong fixing. So nearly half an hour to go. You can expect more crazy moves next month end, because this is half-year ending and more funds do the rebalancing. This is a common practice.
  • #748,577
  • May 31, 2023 9:34am May 31, 2023 9:34am
Today I'm lazy to do analysis.

I copy signal from many great traders here.
Scalp in/out, then go dinner.

Then can enjoy the rest of the evening.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #748,578
  • May 31, 2023 9:35am May 31, 2023 9:35am
Quoting Scotteyy
{quote} I was in the same boat, however must have got in a bit later as I was stopped out at break even. Just entered final long for today, targeting yesterdays high.
If you're targeting YH, then last Fridays high and Wednesdays high are right there. I think it will take them all in one swoop.

Around 1.25 region or just below, can look for a big sell
  • #748,579
  • May 31, 2023 9:35am May 31, 2023 9:35am
Quoting Pat Chiko
{quote} You're very good sniper. Just let me know where to TP. I copy you. Thanks again...
My targets are
TP1 1.240 - 1.241
TP2 - 1.244
TP3 - 1.247 - 1.248
Exhausted
  • #748,580
  • May 31, 2023 9:35am May 31, 2023 9:35am
Quoting Elysion
{quote} Yeah, but my system is fairly accurate when it comes to scalping ranges. In and out quickly. It tends to fail a lot during trends that why Im currently practising PA for trend trading.
i personally feel if your system can handle one situation well just fully utilize when it happen rather than change your way, perhap it will become not suit for both

because in this world no perfect system
even algo also can been wipe by human if they get know how the algo system work and do it opposite
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