Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#749,041
Jun 1, 2023 10:44am Jun 1, 2023 10:44am

navk
Joined Oct 2010 | Status: Trader | 21,482 Posts

I see a resistance at 2537...

I dunno it may be old price resistance.

I do not want to hold onto short...

2540 is stop for my short.

Intraday only.

#749,042
Jun 1, 2023 10:48am Jun 1, 2023 10:48am

greed
| Joined Mar 2011 | Status: Trader | 203 Posts

Quoting greed

Disliked

i will go short starting from 1.2540 with SL below 1.26. lets see how it plays out.

Ignored

so basically i think its kinda overbought, there will be a retracement at some point and also i believe that after the debt thing in the us is over the dollar has to gain some strength.

this is actually my favorite setup, because you have both, the technical and kind of fundamental (macro/news) on your side.

#749,043
Jun 1, 2023 10:49am Jun 1, 2023 10:49am

hoda
Joined Feb 2012 | Status: Devour of Dream | 1,020 Posts

GU: H4
Next H4 candle will start with Red.

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Intraday Trading is an Art _ hoda

#749,044
Jun 1, 2023 10:51am Jun 1, 2023 10:51am

Coreg2004
Joined Oct 2009 | Status: Trader | 5,656 Posts

Quoting ForexGoose

Disliked

{quote} i think that 1.253 is the top before the NFP report {image} i don't know if it can reach 1.261 {image}

Ignored

ForexGoose, 1.2610 is still in play in my strategy

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Always trade your own plan...I don't provide trading signals.

#749,045
Edited 11:11am Jun 1, 2023 10:52am | Edited 11:11am

Bogdanoff
| Joined Oct 2021 | Status: Trader | 202 Posts

after PMI news, i wait for setup 1mins chart to short, but theres no displacement causing MSS
So no short tonight, but im short GJ

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done for today
Trade safe guys
Cheers

my loss is your gain

#749,046
Jun 1, 2023 10:54am Jun 1, 2023 10:54am

fx6996
Joined Feb 2023 | Status: Trader | 859 Posts

Sorry guys/girls I just don't get it!

All the data is showing that the FED "should" pause.

All today's dollar data should result in a weaker dollar - which it is.

So why are you all counting on dollar strength?

Instead of catching the falling knife it looks like your' trying to cap on oilwell blowout.

So someone tell me what I'm missing - oh BTW I've been trading AUD/USD rather than Cable but I'm long there.

#749,047
Jun 1, 2023 10:55am Jun 1, 2023 10:55am

ninner
Joined Jul 2013 | Status: Trader | 2,917 Posts

Quoting Elysion

Disliked

I think I need to reapply back my old method of scalping. This is getting nowhere

Ignored

You and your band of merry men got squeeeeeeeeeeeeeeeeeeeezed!!!! LOL.....losers

#749,048
Jun 1, 2023 10:55am Jun 1, 2023 10:55am

Georginson
Joined Aug 2018 | Status: Research Analyst | 4,292 Posts

Quoting Georginson

Disliked

Expect either 1.2533 or 1.2347 between today and tomorrow... Caution is needed. I had a good run in May and will not want to lose it this June.

Ignored

1.2533 attained... Now expect either 1.28 or 1.21 this June being the last month of the second quarter... 1.28 is looking more likely as far as price trades above 1.2350.

This week high will be limited to 1.2650... bias favours short term selling to target at least 1.2480.

Data + Stat + Risk/Emotions Management

#749,049
Jun 1, 2023 11:00am Jun 1, 2023 11:00am

greed
| Joined Mar 2011 | Status: Trader | 203 Posts

Quoting fx6996

Disliked

Sorry guys/girls I just don't get it! All the data is showing that the FED "should" pause. All today's dollar data should result in a weaker dollar - which it is. So why are you all counting on dollar strength? Instead of catching the falling knife it looks like your' trying to cap on oilwell blowout. So someone tell me what I'm missing - oh BTW I've been trading AUD/USD rather than Cable but I'm long there.

Ignored

a professor of mine once said to me "even if its almost right it's still false". this is regarding to your statement "All the data is showing that the FED "should" pause".

#749,050
Jun 1, 2023 11:04am Jun 1, 2023 11:04am

Wavegarrick
Joined Sep 2017 | Status: Trader | 4,364 Posts

Quoting Wavegarrick

Disliked

{quote} I must say. I am enjoying the ride today GU has not been an easy road for a medium to long term trader, this year. But hey, it makes it so much sweeter when it all comes together. Cheers. {image} {image}

Ignored

My weekly res 2 at 1.25380 and entered a short trade. I will look at adding towards 1.2550. Target 1.24880. Reason for the trade. Gu overstretched and scalp trades only.
Trade safe,
Cheers.

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