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Cable Update (GBPUSD)

  • #750,701
  • Jun 9, 2023 7:11am Jun 9, 2023 7:11am
Quoting Ferna
shorts getting squeezed.. soon the panic buying will begin.
i do! haha..
just saw on dxy looks the bear taking control..
  • #750,702
  • Jun 9, 2023 7:13am Jun 9, 2023 7:13am
The price could probably rise to 2600 mark today
Intraday only.
  • #750,703
  • Jun 9, 2023 7:23am Jun 9, 2023 7:23am
Quoting silverjazz
{quote} i do! haha.. just saw on dxy looks the bear taking control..
lets learn from the panic!
Soon the short bias will all be longs like they been so forever lets see some action!
too bad i got to go fix my car.
be ready at the turning points! Stops at good levdls
You have an IQ lower than 90 if you interact with this user.
  • #750,704
  • Jun 9, 2023 7:33am Jun 9, 2023 7:33am
2571 GU short will add more maybe till 2650 targrting 2450
People don't plan to lose. They lose because they don't plan.
  • #750,705
  • Jun 9, 2023 7:43am Jun 9, 2023 7:43am
Quoting ScalaFX
2571 GU short will add more maybe till 2650 targrting 2450
Scala! Why short? I most have missed something
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  • #750,706
  • Jun 9, 2023 7:44am Jun 9, 2023 7:44am
I think bears are going to be a bit surprised today - who knows though predicting Friday is always a challenge
  • #750,707
  • Jun 9, 2023 7:44am Jun 9, 2023 7:44am
UJ SHORT
NZDUSD LONG

Probably GU long.
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  • #750,708
  • Jun 9, 2023 7:47am Jun 9, 2023 7:47am
Resistance at 1.26
With courage, patience, and discipline, success is a matter of time.
  • #750,709
  • Jun 9, 2023 7:48am Jun 9, 2023 7:48am
Quoting Ferna
{quote} Scala! Why short? I most have missed something
D1 QM, next is at 265x thats why I can add to this level
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People don't plan to lose. They lose because they don't plan.
  • #750,710
  • Jun 9, 2023 7:48am Jun 9, 2023 7:48am
Quoting Ferna
{quote} Scala! Why short? I most have missed something
i hope he was just scalping. Alhtought im still holding sell, no analysis just my tendency holding minus trade
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #750,711
  • Jun 9, 2023 7:50am Jun 9, 2023 7:50am
Quoting Pat Chiko
{quote} Hey Bro. Coreg charts are a good reference for this. {quote} I always rely on his charts for guidance when making trades. They are always well-informed and foresighted. Not some Cow Shit Hind sight chart, which serve no educational value. I am amazed by his dedication to creating and sharing these charts day in and day out. He has helped many new traders, including myself. I am very grateful for his contributions. Let us make full use of his sharing while we can. Who knows, one day he may give up sharing his charts and trades to run for...
Pat, thank you, guys, for the words of appreciation. You might be too generous. You made an excellent point. The best use of my charts is as guidelines. Just see how it matches your analysis. Warning: Right now every cab driver in NYC knows that 1.26 is the target so be careful.
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Always trade your own plan...I don't provide trading signals.
  • #750,712
  • Jun 9, 2023 7:53am Jun 9, 2023 7:53am
Quoting Orangeapple
I think bears are going to be a bit surprised today - who knows though predicting Friday is always a challenge
agreed, one should be careful. Though i agree with them it looks like a short on the chart.
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  • #750,713
  • Jun 9, 2023 7:54am Jun 9, 2023 7:54am
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Quoting Moty
1.24670 will be the high of the day dx will not drop below 103.300 {image}
yes yes yes
  • #750,714
  • Jun 9, 2023 7:55am Jun 9, 2023 7:55am
Quoting Ferna
{quote} agreed, one should be careful. Though i agree with them it looks like a short on the chart.
It def screams short on some timeframes - its for this reason though I don't align with it too much - in my experience; markets will go wherever the most money will be lost haha
  • #750,715
  • Jun 9, 2023 7:57am Jun 9, 2023 7:57am
Hmmm... I think we will see new highs today but market is not really working both sides. Not sure why. Consolidation from yesterday reached only absolute minimum so someone is pushing it more up. GBP really strong currently. USD is fine, EUR is a bit weak.

Someone eating up a lot of GBP last 20 hours. What makes me wonder is always the different PA. It is like night or holiday PA today. I think it was tuesday or even yesterday morning lots of swings we in the market in the beginning, now complete opposite. Algorithms probably. It annoys me. Made additional 2 trades on +side till now but market is not giving much. Also dangerous, ADR not reached yet but also heavy overbought. Neither trend or countertrend currently good chances.
  • #750,716
  • Jun 9, 2023 8:02am Jun 9, 2023 8:02am
When you compare USD/JPY and GBP/USD you can see the difference. The problem is not the dollar. It is the sucking up of GBP. (also see EUR/GBP).
I shorted one more but only 30% of my normal initial position. I don't like market at all, currently plus 2 pips... hmmm

Edit: Reason is yesterday same pattern worked. I'm out again, I took 6 Pips from the table (so 2 pips o initial ). It's not worth it currently.
  • #750,717
  • Jun 9, 2023 8:03am Jun 9, 2023 8:03am
Short 2570
H4 support and supply
Could be wrong
Trade safe guys
my loss is your gain
  • #750,718
  • Jun 9, 2023 8:11am Jun 9, 2023 8:11am
That's the sad part of trading: Not many really good chances. Someone told me: If time is right and it feels correct (like good PA) than invest as much as you can. -I'm not yet there. I cannot handle that yet to invest a lot than but I think he is right.

What are you earning per year on which Risk ? I can make about 12% per Year at 1-2% risk (let's say 2%). I think that is quite a good number already but hard to scale up. I need lots of capital... or I have to risk more to earn more (for example risk 6% and earn may be 30%). It's all about psychie here, if you can handle that.
  • #750,719
  • Jun 9, 2023 8:13am Jun 9, 2023 8:13am
Quoting JackintheBox
That's the sad part of trading: Not many really good chances. Someone told me: If time is right and it feels correct (like good PA) than invest as much as you can. -I'm not yet there. I cannot handle that yet to invest a lot than but I think he is right. What are you earning per year on which Risk ? I can make about 12% per Year at 1-2% risk (let's say 2%). I think that is quite a good number already but hard to scale up. I need lots of capital... or I have to risk more to earn more (for example risk 6% and earn may be 30%). It's all about psychie...
actually nothing right or wrong, it is your style only

some can earn from super short time frame scalping, some earn from trending, some earn from ranging

there is no holy
  • #750,720
  • Jun 9, 2023 8:36am Jun 9, 2023 8:36am
Gu long
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