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Cable Update (GBPUSD)

  • #749,881
  • Jun 6, 2023 8:45am Jun 6, 2023 8:45am
Quoting BeeTogether
{quote} true but we are only a few pips away. Having said that it’s not worth the hassle of waiting. Taking profit and switched to long at 12396 TP open SL open
The day's range should also be considered. ADR has been running about 100 pips recently. What is the range going from R1 to S2?
To free Gazans of Hamas, use whatever it takes.
  • #749,882
  • Jun 6, 2023 8:46am Jun 6, 2023 8:46am
Quoting mysterio
{quote} setting SL to breakeven depends on what the dollar wants now {image}
came close to hitting BE but we ran into a wall of 100+ contracts on bid

still in play for now

tbh not encouraging looks like dollar will go for swing high
  • #749,883
  • Jun 6, 2023 8:47am Jun 6, 2023 8:47am
Quoting DrDave
{quote} The day's range should also be considered. ADR has been running about 100 pips recently. What is the range going from R1 to S2?
r1 to s1 is circa 80 pips s2 120
Insane in the Brain..
  • #749,884
  • Jun 6, 2023 8:50am Jun 6, 2023 8:50am
Not looking too positive for the bulls.
BUut I'll wait.
Exhausted
  • #749,885
  • Jun 6, 2023 8:51am Jun 6, 2023 8:51am
Quoting DrDave
{quote} The day's range should also be considered. ADR has been running about 100 pips recently. What is the range going from R1 to S2?
for me s1 to r1/r2 to meet ADR.
Intraday only.
  • #749,886
  • Jun 6, 2023 8:52am Jun 6, 2023 8:52am
Hi,
anyone know the name of indicator on tradingview which shows daily R3 R2 R1 PP S1 S2 S3 points?
  • #749,887
  • Jun 6, 2023 8:53am Jun 6, 2023 8:53am
Quoting Elysion
Not looking too positive for the bulls. BUut I'll wait.
Wait for 10 minutes.

Canadian news could impact to push GU high or to hit stop loss
Intraday only.
  • #749,888
  • Jun 6, 2023 8:53am Jun 6, 2023 8:53am
Quoting Ziemowit
Hi, anyone know the name of indicator on tradingview which shows daily R3 R2 R1 PP S1 S2 S3 points?
Pivot Points Standard

auto will have it set to daily on m15 or below
  • #749,889
  • Jun 6, 2023 8:53am Jun 6, 2023 8:53am
Quoting navk
my long at 2412/13. Currently negative. Stop 2390. I expect r1/r2 to get hit today. Let us see.
Price got within 10 pips of R1 earlier today and has since just barely missed hitting S1. It is extremely rare for price to then return all the way back up to R1 on the same day.
To free Gazans of Hamas, use whatever it takes.
  • #749,890
  • Jun 6, 2023 8:55am Jun 6, 2023 8:55am
Quoting Coreg2004
{quote} Dave, the other theory says that after the NR4 bar, the prior day, both, high and low have a great chance to be tested. The market will always correct our beliefs. {image}
OK, but I did not rely on theory. I used actual data to determine this.
To free Gazans of Hamas, use whatever it takes.
  • #749,891
  • Jun 6, 2023 8:58am Jun 6, 2023 8:58am
Quoting DrDave
{quote}Price got within 10 pips of R1 earlier today and has since just barely missed hitting S1. It is extremely rare for price to then return all the way back up to R1 on the same day.
I am lookin at another possibility.

NY session has a range of 60 or more pips...

Can it drop below 2350 ?
Intraday only.
  • #749,892
  • Jun 6, 2023 9:00am Jun 6, 2023 9:00am
Quoting voeltoez
My H1 Showing Full Bearish.. but if break 1.2450 will turn to Bullish.. Just Simple {image}
Of course it does: Look at H4 and seee why. And then recheck your level for H1/H4 turning bullish--it is 1.2460.
To free Gazans of Hamas, use whatever it takes.
  • #749,893
  • Jun 6, 2023 9:03am Jun 6, 2023 9:03am
Quoting navk
{quote} I am lookin at another possibility. NY session has a range of 60 or more pips... Can it drop below 2350 ?
Can it drop below 2350 ?
Sure it can: Nearly anything is possible. But what is LIKELY to happen is of more value.
To free Gazans of Hamas, use whatever it takes.
  • #749,894
  • Jun 6, 2023 9:04am Jun 6, 2023 9:04am
Seems to be going nowhere, made enough for the day anyway, will be popping in and out time for a coffee
Insane in the Brain..
  • #749,895
  • Jun 6, 2023 9:04am Jun 6, 2023 9:04am
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2023-06-06 07-03-10-113.png Size: 63 KB
  • #749,896
  • Jun 6, 2023 9:04am Jun 6, 2023 9:04am
Quoting DrDave
{quote}Price got within 10 pips of R1 earlier today and has since just barely missed hitting S1. It is extremely rare for price to then return all the way back up to R1 on the same day.
And the Asian high is above NY close price. It broke...NY close.

Yesterday NY is bullish close.

By all means, the price needs to hit r1 /r2 ...

However, anything can happen...that is why there is stop loss facility.

By this theory above, if Price goes below 2390... it is Bearish daily candle..confirmed.
But..let us wait.. let the price hit 2390.
Intraday only.
  • #749,897
  • Jun 6, 2023 9:08am Jun 6, 2023 9:08am
Damn, shot up.
That's looking strong.
Exhausted
  • #749,898
  • Edited 9:20am Jun 6, 2023 9:09am | Edited 9:20am
Quoting tradexyz
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2023-06-06 07-08-11-176.png Size: 65 KB

4hr
check $cam lvls. fwiw... short 1.24493...
  • #749,899
  • Jun 6, 2023 9:10am Jun 6, 2023 9:10am
Quoting navk
{quote} And the Asian high is above NY close price. It broke...NY close. Yesterday NY is bullish close. By all means, the price needs to hit r1 /r2 ... However, anything can happen...that is why there is stop loss facility. By this theory above, if Price goes below 2390... it is Bearish daily candle..confirmed. But..let us wait.. let the price hit 2390.
This theory has been working for me.

Looks..working now too.
Intraday only.
  • #749,900
  • Jun 6, 2023 9:10am Jun 6, 2023 9:10am
bulls found their gear looks like

that hidden gap from yesterday did look prime for buys

we want dxy to go for this mornings lows next.

There is an orderflow imbalance at 1.2496 i want
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