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Cable Update (GBPUSD)

  • #750,761
  • Jun 9, 2023 10:47am Jun 9, 2023 10:47am
Quoting Ferna
Looks like a long? maybe a minibottom will appear, it seems to be in the pyramid and a rectangle have formed..
Here from 10 hour ago DantPM.
the minibottom was formed at 1.2532 if i remember correctly.
You have an IQ lower than 90 if you interact with this user.
  • #750,762
  • Jun 9, 2023 10:49am Jun 9, 2023 10:49am
lazy pound
Lost in Narrative
  • #750,763
  • Jun 9, 2023 10:50am Jun 9, 2023 10:50am
DXY near today high and GU stay high too
The puck
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #750,764
  • Jun 9, 2023 10:51am Jun 9, 2023 10:51am
Quoting Ferna
{quote} Here from 10 hour ago DantPM. the minibottom was formed at 1.2532 if i remember correctly.
You're right, it went up 10 pips and down more than 30 pips before turning around again to go up.

Edit, GU does appear to be dropping, not sure if I believe it yet.
  • #750,765
  • Jun 9, 2023 10:51am Jun 9, 2023 10:51am
i joined the short gang but man the direction really looks 50\50
  • #750,766
  • Jun 9, 2023 10:52am Jun 9, 2023 10:52am
Quoting dantpm
{quote} Didn't you say something similar 10 hours ago, only to have it go the other way?
see above post.
You have an IQ lower than 90 if you interact with this user.
  • #750,767
  • Jun 9, 2023 10:55am Jun 9, 2023 10:55am
What a slow Friday! Nothing from shorts or longs. Only a 50ish pip spread! Oh well next weeks trading is only 52 hours away lol. We might see 126 before a drop
Insane in the Brain..
  • #750,768
  • Jun 9, 2023 10:56am Jun 9, 2023 10:56am
Quoting Scotteyy
{quote} I truly believe my system works, its just the physiological side of trading that I struggle with. Thanks for the comment. {quote} My system revolves around trading with the trend, only taking a counter trend trade at specific levels. A trending market can and will go higher/lower then most traders expect it to, hence going against it and trying to pick tops is usually a bad idea. I fell victim to that this week.
You're welcome. I also have my own struggles with psych sometimes but we keep pushing.
  • #750,769
  • Jun 9, 2023 10:57am Jun 9, 2023 10:57am
Quoting dantpm
{quote} You're right, it went up 10 pips and down more than 30 pips before turning around again to go up.
the thing is that the shorts are starting to come near being right. But if you dig into it now, GBP is showing unholy strength.
Chartwise it looks like a good short, but if you make comparisons to other currencies and assets its still uncertain.

im in short now, closed the longs around an hour ago. I expect it to drop to 1.2545 at most.
You have an IQ lower than 90 if you interact with this user.
  • #750,770
  • Jun 9, 2023 10:59am Jun 9, 2023 10:59am
Quoting JereMi256
{quote} Looks like the award winning knucklehead is going to 1.258 tonight. Please note; Update on Revision of my strategy My medium to long term analysis is proving good but challenging since I am addicted to scalping whose one major problem is impatience. However i have gotten some serious beating by the live markets. Tough but promising journey! No pain, no gain Regards, +256. {image}
"I am starting to think that quick scalps of about 5-15 minutes are some sort of get rich quick fantasy. In exception of day traders that split tiny positions and take off partials in that timing however."

Time your 10 - 20 pips profits wisely.
It's a fryday but I don't think many have got buttered by the bulls today. If so, the weekend is around the corner to relax your tension and freshen-up next week.
Face 'ur fears & tame 'ur greed
  • #750,771
  • Jun 9, 2023 11:01am Jun 9, 2023 11:01am
Quoting BeeTogether
What a slow Friday! Nothing from shorts or longs. Only a 50ish pip spread! Oh well next weeks trading is only 52 hours away lol. We might see 126 before a drop
Hoping it will get to 1.26 before market close today. I'm long from the 1.24 major quarter
  • #750,772
  • Jun 9, 2023 11:05am Jun 9, 2023 11:05am
Quoting Wavegarrick
{quote} Short trade just below 1.25500 to 1.25000 ish where I will be looking for more buy trades. Cheers. {image}
I got out of my sell trades this morning for a small profit, My concern was a higher close above Asia. Possible topping formation from a 15 min perspective. I hope I can get out of my sell trades with something to show.
Whenever I sell I feel like looser. Excuse my poor Englis.
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Trade to trade another day
  • #750,773
  • Jun 9, 2023 11:05am Jun 9, 2023 11:05am
Quoting ninner
i said this was going higher!!!
Yea me too...are we just the best or what...
  • #750,774
  • Jun 9, 2023 11:13am Jun 9, 2023 11:13am
Quoting dantpm
{quote} You're right, it went up 10 pips and down more than 30 pips before turning around again to go up. Edit, GU does appear to be dropping, not sure if I believe it yet.
btw i’m just a newbie. Im always in it on both sides of market, i can change decision in a split second. Charts never follow a straight path. But depending on leverage and timeframes and strategy one can both long and short.

On wednesday for example i shorted the london open for 15 pips, then immediately turn long and made an average of 70 pips, after that i been long but observing the shorts case.
I cannot say; go both long and short! It would be almost impossible to set out such a prediction. Market is swift!
You have an IQ lower than 90 if you interact with this user.
  • #750,775
  • Jun 9, 2023 11:20am Jun 9, 2023 11:20am
Quoting Ferna
{quote} btw i’m just a newbie. Im always in it on both sides of market, i can change decision in a split second. Charts never follow a straight path. But depending on leverage and timeframes and strategy one can both long and short. On wednesday for example i shorted the london open for 15 pips, then immediately turn long and made an average of 70 pips, after that i been long but observing the shorts case. I cannot say; go both long and short! It would be almost impossible to set out such a prediction. Market is swift!

Forex still has a lot to teach me. I learn 'something different' from every person posting here.
  • #750,776
  • Jun 9, 2023 11:27am Jun 9, 2023 11:27am
Quoting Ferna
{quote} the thing is that the shorts are starting to come near being right. But if you dig into it now, GBP is showing unholy strength. Chartwise it looks like a good short, but if you make comparisons to other currencies and assets its still uncertain. im in short now, closed the longs around an hour ago. I expect it to drop to 1.2545 at most.
Wavesskiknob with his 1 unit may just topple the great gbpusd over !!!!!
  • #750,777
  • Jun 9, 2023 11:36am Jun 9, 2023 11:36am
dxy is start rising.. will it fly or just a pullback?
  • #750,778
  • Jun 9, 2023 11:37am Jun 9, 2023 11:37am
Quoting Tpttonly
I was away I was actually taking a short vacation at Dubai Marina Anyway this was missed Solid trades taken during the course GBPUSD {image} Current Situation Well I am in a Short trade and I expect the Target To Hit {image} Target is Real Modest Currently around 1.25500 But it will fall down to 1.25000 it seems so Target can be extended upto that USDJPY Here is a Solid run with USDJPY during the course {image} Current is a Buy Trade {image} With Target Around 139.750 Ok Lets See How It Goes
I have added here for a short Target 1.25520

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Expect to hit either today or Monday Morning

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HBS - Hussain Bin Salman
  • #750,779
  • Jun 9, 2023 11:41am Jun 9, 2023 11:41am
Quoting ScalaFX
decided to short EU just for pulback 0778 first
half taken, rest protected
People don't plan to lose. They lose because they don't plan.
  • #750,780
  • Jun 9, 2023 11:43am Jun 9, 2023 11:43am
GU last pump to 1.2630
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