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Cable Update (GBPUSD)

  • #750,561
  • Edited 12:37pm Jun 8, 2023 12:27pm | Edited 12:37pm
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appears so...
  • #750,562
  • Jun 8, 2023 12:31pm Jun 8, 2023 12:31pm
Quoting Robinhood1
{quote} 2 waves now
performing 3rd wave out of 6
POSTMASTER
  • #750,563
  • Jun 8, 2023 12:39pm Jun 8, 2023 12:39pm
Quoting tradexyz
{image} appears so...
my bad, I was wrong. today's gap is still not closed.
...but if it's a breakaway gap, it shouldn't be closed.
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Always trade your own plan...I don't provide trading signals.
  • #750,564
  • Jun 8, 2023 12:47pm Jun 8, 2023 12:47pm
im out of bars.... lol...
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0 --100-200-300-400-500
38.2- 61.8 in between
  • #750,565
  • Edited 1:41pm Jun 8, 2023 12:50pm | Edited 1:41pm
Quoting Coreg2004
{quote} my bad, I was wrong. today's gap is still not closed. ...but if it's a breakaway gap, it shouldn't be closed. {image}
thats what i said yesterday „Asia session aggressive up so we should see a dumb in New York | London session“

and now all sessions was going up and the gap is still Open, something is wrong and i still belive we should see a hard dumb but since this point and this upmove today it seems i dont understand anything and it feels wrong
  • #750,566
  • Jun 8, 2023 1:02pm Jun 8, 2023 1:02pm
Not sure what caused thi storm but opening sell position.
  • #750,567
  • Jun 8, 2023 1:04pm Jun 8, 2023 1:04pm
Quoting Alevsky017
{quote} thats what i said yesterday „Asia session aggressive up so we should see a dumb in New York | London session“ and now all sessions was going down and the gap is still Open, something is wrong and i still belive we should see a hard dumb but since this point and this upmove today it seems i dont understand anything and it feels wrong
I honestly don't understand too but then this is Forex, we're trained to expect the unexpected .
  • #750,568
  • Edited 1:21pm Jun 8, 2023 1:07pm | Edited 1:21pm
Quoting Alevsky017
{quote} thats what i said yesterday „Asia session aggressive up so we should see a dumb in New York | London session“ and now all sessions was going down and the gap is still Open, something is wrong and i still belive we should see a hard dumb but since this point and this upmove today it seems i dont understand anything and it feels wrong
nature of the BEAST... have a feast...missing those 200 pip daily moves from way back ...in time...volatility...replaced by bigger orders shorter runs...nylon$
  • #750,569
  • Jun 8, 2023 1:15pm Jun 8, 2023 1:15pm
Quoting Jolita
Not sure what caused thi storm but opening sell position.
data earlier today wasn’t good for USD as it could indicate a rate pause however it could also be MM and selling positions within the market as many were favouring a bearish day today.
Insane in the Brain..
  • #750,570
  • Jun 8, 2023 1:24pm Jun 8, 2023 1:24pm
I can see hidden bullish divergence and the three black ninja sign, also there might be a pyramid.
Anyways im hedged with longs and limit orders
You have an IQ lower than 90 if you interact with this user.
  • #750,571
  • Jun 8, 2023 1:30pm Jun 8, 2023 1:30pm
Quoting BeeTogether
{quote} data earlier today wasn’t good for USD as it could indicate a rate pause however it could also be MM and selling positions within the market as many were favouring a bearish day today.
Same story another day
  • #750,572
  • Jun 8, 2023 1:31pm Jun 8, 2023 1:31pm
I saw a bat fly across the face of the moon. Then a black cat jumped down from the fence. And then a dog howled. And then a gust of wind disturbed a small pile of leaves. So with all of those signals in confluence, GU HAS to be going down.
To free Gazans of Hamas, use whatever it takes.
  • #750,573
  • Jun 8, 2023 1:36pm Jun 8, 2023 1:36pm
look between xxx-8x8-xxx as pivot levels....
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  • #750,574
  • Jun 8, 2023 1:47pm Jun 8, 2023 1:47pm
Quoting DrDave
I saw a bat fly across the face of the moon. Then a black cat jumped down from the fence. And then a dog howled. And then a gust of wind disturbed a small pile of leaves. So with all of those signals in confluence, GU HAS to be going down.
Inserted Video
You have an IQ lower than 90 if you interact with this user.
  • #750,575
  • Jun 8, 2023 1:49pm Jun 8, 2023 1:49pm
Mini trade agreement between the US and the UK - will always boost the pound- hence the move today
The UK is seen more as a safe haven. Thing is the UK has a strong banking system- Europe and the US both have had issues further helping the pound.
Sunak is a steady pair of hands.
Sentiment is clearly against the dollar atm- perhaps PMIs helped and poor jobs data, plus more hawkish bias from RBA/BOC
Looking at tomorrow, the only reason for a sell would be for some long covering.
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #750,576
  • Jun 8, 2023 1:54pm Jun 8, 2023 1:54pm
Quoting Coreg2004
{quote} my bad, I was wrong. today's gap is still not closed. ...but if it's a breakaway gap, it shouldn't be closed. {image}
Excuse me but aren't all gaps closed over time?
  • #750,577
  • Jun 8, 2023 1:59pm Jun 8, 2023 1:59pm
Quoting fx6996
{quote} Excuse me but aren't all gaps closed over time?
in theory yes...
Always trade your own plan...I don't provide trading signals.
  • #750,578
  • Jun 8, 2023 2:02pm Jun 8, 2023 2:02pm
I thought I'd try my hand at sports betting after spending many years analyzing forex odds.
I analyzed the chances of sports betting, as in the case of forex.
so far my results are surprisingly good.


maybe I'll switch to sports betting instead.
  • #750,579
  • Jun 8, 2023 2:25pm Jun 8, 2023 2:25pm
Price still atop, daily wants close high, more try to up next day to 2585 to 2600 , limit down 2500. So next day may 2600 to 2500 range play possible. Lets see what to do next day. Take care.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #750,580
  • Jun 8, 2023 2:28pm Jun 8, 2023 2:28pm
Quoting Alevsky017
{quote} thats what i said yesterday „Asia session aggressive up so we should see a dumb in New York | London session“ and now all sessions was going up and the gap is still Open, something is wrong and i still belive we should see a hard dumb but since this point and this upmove today it seems i dont understand anything and it feels wrong
Alevsky017, I don't use gap theory in my trading b/c I'm a day trader. Some people think that every gap will eventually be filled. But if you traded ETF instruments, sometimes, you would have to wait a long time for it to accrue.
Always trade your own plan...I don't provide trading signals.
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