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Cable Update (GBPUSD)

  • #750,361
  • Jun 8, 2023 1:44am Jun 8, 2023 1:44am
Quoting silverjazz
dxy really hard to read lately
likely as on life support and so fight to the best ar 50%fibs correction . may below 103.74 to 104.15 breaks may up to 105 before back tl 103.60 levels , so price around middle of a top range still apparently . lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #750,362
  • Jun 8, 2023 1:44am Jun 8, 2023 1:44am
My longs are still in play. TP stop at 12470 however if we cross 12465 I will raise it towards 125 (slowly)
Insane in the Brain..
  • #750,363
  • Jun 8, 2023 1:55am Jun 8, 2023 1:55am
Quoting BeeTogether
My longs are still in play. TP stop at 12470 however if we cross 12465 I will raise it towards 125 (slowly)
luckily got one sr , but risky continue , anyway sell at any high now continues, may get over 2465 though ! so watching 2442/40 retest and ultimately breaks and hold ! to go for final confirmation 2427!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #750,364
  • Jun 8, 2023 1:57am Jun 8, 2023 1:57am
Quoting Whale
{quote} in that case i will lose it. im not very sensitive about losing, is part of the game.
Whale, I agree with you 1000 percent. This week has been a choppy week for the most part....probably big money waiting for the big news nextweek.

cheers
  • #750,365
  • Jun 8, 2023 1:58am Jun 8, 2023 1:58am
G/M, pinbar, doji and inverted hammer the last 3 x (gmt+3) dly candles up from that 2307 level. 1hr and 4hr mixed to currently bullish overall right now. Asian session up, and early London selling.

1hr below
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Trader with an Edge.
  • #750,366
  • Jun 8, 2023 1:59am Jun 8, 2023 1:59am
Quoting silverjazz
dxy really hard to read lately
its bullish basically a re-accumulation phase. Eventually it will reach the last weekly swing high.
Yearly open 103.5 support currently.
today looks like a possible one more pulse down then gap fill higher up. or just straight to gap.
just opinions obv
  • #750,367
  • Jun 8, 2023 2:07am Jun 8, 2023 2:07am
Quoting mysterio
{quote} its bullish basically a re-accumulation phase. Eventually it will reach the last weekly swing high. Yearly open 103.5 support currently. today looks like a possible one more pulse down then gap fill higher up. or just straight to gap. just opinions obv
yup.. but i see a bearish from my view.. just my opinion..
consider on gap, is it always the price going to fill it?
thx
  • #750,368
  • Jun 8, 2023 2:13am Jun 8, 2023 2:13am
Quoting silverjazz
{quote} yup.. but i see a bearish from my view.. just my opinion.. consider on gap, is it always the price going to fill it? thx
Quite often the gaps get filled. The detail is timing. It doesn't have to be today for example!
  • #750,369
  • Jun 8, 2023 2:17am Jun 8, 2023 2:17am
Quoting dantpm
{quote} Quite often the gaps get filled. The detail is timing. It doesn't have to be today for example!
yes true, maybe 50% of the time it's same day (rough estimate). Sometimes they will go for days or weeks -- if this is the case, when they fill it's usually a sudden impulsive move. Last time this happened on Euro we had a 200 pip drop at gap fill time in one morning.

for GU looking to add sell 1.2464-70
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  • #750,370
  • Jun 8, 2023 2:18am Jun 8, 2023 2:18am
waiting 1.2465 reaction
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #750,371
  • Jun 8, 2023 2:22am Jun 8, 2023 2:22am
price unable to hold , so same waiting for 2440 test and breaks, h4 and daily still bullish though ! so watching whw3re this m30 close, below 2451 bearish ! below 46 , sell off may start next !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #750,372
  • Jun 8, 2023 2:22am Jun 8, 2023 2:22am
Pre-Trading Analysis : GBPUSD
Date : 08.06.2023
GMT Time :07:13 AM

Daily Pivot : 1.24440
Yesterday's High : 1.24994
Yesterday's Low : 1.23944
Status : FLAT
Position Open Time : 10:21 AM GMT

So, my yesterday's long closed at +54 Pips due to bears taking my trailing stop . There is an area of resistance formed at yesterday's high at 1.24994 which they determined as good value. Today, could be long or short .. my preference is long but i will not hesitate to press the "sell" order.

Bella's GMT Switch v 1.1
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Goddess of Thunder..
  • #750,373
  • Jun 8, 2023 2:25am Jun 8, 2023 2:25am
Quoting Bella.al
Pre-Trading Analysis : GBPUSD Date : 08.06.2023 GMT Time :07:13 AM Daily Pivot : 1.24440 Yesterday's High : 1.24994 Yesterday's Low : 1.23944 Status : FLAT Position Open Time : 10:21 AM GMT So, my yesterday's long closed at +54 Pips due to bears taking my trailing stop . There is an area of resistance formed at yesterday's high at 1.24944 which they determined as good value. Today, could be long or short .. my preference is long but i will not hesitate to press the "sell" order. Bella's GMT Switch v 1.1 {image}
Do you have some templates to fill in to write that kind of post?
It feel like you have an API service to create the posts LOL
  • #750,374
  • Jun 8, 2023 2:28am Jun 8, 2023 2:28am
when traders consider gaps my rule of thumb is , a positive swap is better than a negative swap , a gap is more likely fill if positive swap because they don't like paying out the swap , broker traps can be made a round a negative swap because they collect and can and will drag them out so stop losses can be collected , when trading a in-depth look at the bigger picture is the key to be a successful trader
people leave, but this thread will go on for ever
  • #750,375
  • Edited 2:45am Jun 8, 2023 2:29am | Edited 2:45am
Buy limit 1.2405
SL 1.2390
TP 1.2550

Bullish

FXSSI.com is neutral
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 17.8%
  • #750,376
  • Jun 8, 2023 2:32am Jun 8, 2023 2:32am
Quoting Phil_GMT
Buy limit 1.2405 SL 1.2490 TP 1.2550 Bullish FXSSI.com is neutral
You might have a typo
  • #750,377
  • Jun 8, 2023 2:39am Jun 8, 2023 2:39am
Quoting Aussi
when traders consider gaps my rule of thumb is , a positive swap is better than a negative swap , a gap is more likely fill if positive swap because they don't like paying out the swap , broker traps can be made a round a negative swap because they collect and can and will drag them out so stop losses can be collected , when trading a in-depth look at the bigger picture is the key to be a successful trader
Where do we get that swap in-depth data, sir?
More time in the market, does not mean you trade better!
  • #750,378
  • Jun 8, 2023 2:41am Jun 8, 2023 2:41am
Pure conjecture.
Last week the US had a spike in employment.
This week we will see a smaller spike in unemployment.
It should weaken the US$.
  • #750,379
  • Jun 8, 2023 2:42am Jun 8, 2023 2:42am
Quoting dantpm
Pure conjecture. Last week the US had a spike in employment. This week we will see a smaller spike in unemployment. It should weaken the US$.
Especially we dont have another Red Data today for the US
More time in the market, does not mean you trade better!
  • #750,380
  • Jun 8, 2023 2:48am Jun 8, 2023 2:48am
Quoting dantpm
Pure conjecture. Last week the US had a spike in employment. This week we will see a smaller spike in unemployment. It should weaken the US$.
This would mean unemployment claims coming in below forecast? If so I'd have thought that would make USD stronger considering rate hikes are the dominating force apparently.
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