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Cable Update (GBPUSD)

  • #750,561
  • Edited 10:37am Jun 8, 2023 10:27am | Edited 10:37am
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appears so...
  • #750,562
  • Jun 8, 2023 10:31am Jun 8, 2023 10:31am
Quoting Robinhood1
{quote} 2 waves now
performing 3rd wave out of 6
POSTMASTER
  • #750,563
  • Jun 8, 2023 10:39am Jun 8, 2023 10:39am
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 10:47am Jun 8, 2023 10:47am
im out of bars.... lol...
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0 --100-200-300-400-500
38.2- 61.8 in between
  • #750,565
  • Edited 11:41am Jun 8, 2023 10:50am | Edited 11:41am
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 11:02am Jun 8, 2023 11:02am
Not sure what caused thi storm but opening sell position.
  • #750,567
  • Jun 8, 2023 11:04am Jun 8, 2023 11:04am
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 11:21am Jun 8, 2023 11:07am | Edited 11:21am
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 11:15am Jun 8, 2023 11:15am
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 11:24am Jun 8, 2023 11:24am
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 11:30am Jun 8, 2023 11:30am
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 11:31am Jun 8, 2023 11:31am
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 11:36am Jun 8, 2023 11:36am
look between xxx-8x8-xxx as pivot levels....
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  • #750,574
  • Jun 8, 2023 11:47am Jun 8, 2023 11:47am
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 11:49am Jun 8, 2023 11:49am
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 11:54am Jun 8, 2023 11:54am
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 11:59am Jun 8, 2023 11:59am
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 12:02pm Jun 8, 2023 12:02pm
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 12:25pm Jun 8, 2023 12:25pm
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 12:28pm Jun 8, 2023 12:28pm
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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