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Cable Update (GBPUSD)

  • #750,861
  • Jun 12, 2023 3:14am Jun 12, 2023 3:14am
Quoting GODofMC
{quote} a valid berak below 60 will stop and switch SELL {image} {image}
running 16 Pips
Target 1.2620
May cut anywhere REASON (cause) dxy in latest support area
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #750,862
  • Jun 12, 2023 3:15am Jun 12, 2023 3:15am
More inclined to short here - but my predictions are pretty woeful on Mondays
  • #750,863
  • Jun 12, 2023 3:17am Jun 12, 2023 3:17am
Quoting BeeTogether
126 is knocking…can’t see too much to bring it down either
Bring it down, like a breakdown of 126 or bring price back down from that vicinity?
  • #750,864
  • Jun 12, 2023 3:18am Jun 12, 2023 3:18am
LONG
My telegram: https://t.me/avidforex
  • #750,865
  • Jun 12, 2023 3:20am Jun 12, 2023 3:20am
Quoting BeeTogether
126 is knocking…can’t see too much to bring it down either
Not a good story for shorts. Today is Monday and now these heediots in London are running price up. If their counterparts in NY follow suit shorts will hit SL.

Against my principle I am short from Friday at 2539 (didn't write this trade on FF) with SL at 2630. If it hits, so be it.
  • #750,866
  • Jun 12, 2023 3:28am Jun 12, 2023 3:28am
Quoting Mitiblotch
{quote} Not a good story for shorts. Today is Monday and now these heediots in London are running price up. If their counterparts in NY follow suit shorts will hit SL. Against my principle I am short from Friday at 2539 (didn't write this trade on FF) with SL at 2630. If it hits, so be it.

not sure why GBP is looking strong, politically things are weak for the Tory’s , the country is economically looking very frail too.
Insane in the Brain..
  • #750,867
  • Edited 6:34am Jun 12, 2023 3:29am | Edited 6:34am
Quoting Orangeapple
More inclined to short here - but my predictions are pretty woeful on Mondays
Me too
My history with Mondays isnt that really good
​​​​​​
But the Friday's candle spread is narrow at a resistance area
More time in the market, does not mean you trade better!
  • #750,868
  • Jun 12, 2023 3:34am Jun 12, 2023 3:34am
Quoting Mitiblotch
{quote} Not a good story for shorts. Today is Monday and now these heediots in London are running price up. If their counterparts in NY follow suit shorts will hit SL. Against my principle I am short from Friday at 2539 (didn't write this trade on FF) with SL at 2630. If it hits, so be it.
Hi Buddy! I think is nice bull trap now, everybody wants to see 126 and above, I think price must first take some more power from under
People don't plan to lose. They lose because they don't plan.
  • #750,869
  • Jun 12, 2023 3:39am Jun 12, 2023 3:39am
Ah, as usual Monday's a bad day for me.
Exhausted
  • #750,870
  • Jun 12, 2023 3:42am Jun 12, 2023 3:42am
GBPUSD
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  • #750,871
  • Jun 12, 2023 3:53am Jun 12, 2023 3:53am
Quoting GODofMC
{quote} running 16 Pips Target 1.2620 May cut anywhere REASON (cause) dxy in latest support area {image}
no real movement from here, might hold until near NYO
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #750,872
  • Jun 12, 2023 3:55am Jun 12, 2023 3:55am
will be interesting if H1 failed to.close above 1.26..
  • #750,873
  • Jun 12, 2023 3:57am Jun 12, 2023 3:57am
Quoting Elysion
Ah, as usual Monday's a bad day for me.
I just woke up so i haven't made a proper analysis yet.

But so far the lyrics goes something like this: Buy Buy Buy!
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You have an IQ lower than 90 if you interact with this user.
  • #750,874
  • Jun 12, 2023 4:04am Jun 12, 2023 4:04am
usdjpy short
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  • #750,875
  • Jun 12, 2023 4:10am Jun 12, 2023 4:10am
Quoting ScalaFX
{quote} Hi Buddy! I think is nice bull trap now, everybody wants to see 126 and above, I think price must first take some more power from under
I hope so. I really want to get out of that trade. It was a wrong entry on Friday and I am having to nurse it. Although my stop is already set.
  • #750,876
  • Jun 12, 2023 4:23am Jun 12, 2023 4:23am
15 pips is so difficult to get on a Monday
So close yet so far.
Exhausted
  • #750,877
  • Jun 12, 2023 4:36am Jun 12, 2023 4:36am
Quoting voeltoez
will be interesting if H1 failed to.close above 1.26..
It is too close to the vicinity of 126. If not in this hour then the next. Not sure what is pushing the pound up
Insane in the Brain..
  • #750,878
  • Jun 12, 2023 4:38am Jun 12, 2023 4:38am
Watching the FVG get filled.

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  • #750,879
  • Jun 12, 2023 4:41am Jun 12, 2023 4:41am
Quoting BeeTogether
{quote} not sure why GBP is looking strong, politically things are weak for the Tory’s , the country is economically looking very frail too.
This is why I don't bother with fundamentals. There are much smarter people than me that are paid to analyse that stuff. Besides, if things are politically weak but this is already priced in or GBP is undervalued then price will be doing the opposite to what the fundamentals lead you to believe should be happening. They're paid to know this, I have no way of knowing. I'll just follow what they are doing by following the trend.
  • #750,880
  • Jun 12, 2023 4:44am Jun 12, 2023 4:44am
Quoting Bella.al
Pre-Trading Analysis : GBPUSD Date : 12.06.2023 GMT Time 07:39 AM Current Trend 4Hrs : Up Trend Daily Pivot : 1.25680 Yesterday's High : 1.25896 Yesterday's Low : 1.25336 Position Open Time : GMT 10:21 AM I am currently looking for some retracement for this previous up trend . On the 4hr my support band starts from 1.25165 to 1.24996. Since i trade at 10:21 Am GMT i am not sure how far down it will move so i can Long the market at dips. On the other hand if market breaks out above 1.26020 Daily R1 there is no back up plan for that right now what...
Oh no! , i see it is now almost touching 1.26020 D-R1 this means i need a back up plan. Only 40 Min remaining to my Open Position Time.

-Bella's GMT Switch v1.3
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Goddess of Thunder..
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