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Cable Update (GBPUSD)

  • #751,221
  • Jun 13, 2023 7:18am Jun 13, 2023 7:18am
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yes yes yes
  • #751,222
  • Jun 13, 2023 7:18am Jun 13, 2023 7:18am
Quoting Headland
Re; upcoming event risk- U.s Inflation data; Could see some gains in Gbpusd if forecasts are correct or better? Anything less and a little more difficult to say, probably depends on core inflation number. Generally though if inflation proves 'stickier' than Fed is hoping for given it's rate rises so far, they may have to act again and this expectation, if adopted by this market could see some Gbpusd losses? With volatility comes opportunity (potentially,) trade what you see - not what you think, and anything can happen.

The missing sentence, "If the market reacts in an expected manner to the data."
  • #751,223
  • Edited 7:40am Jun 13, 2023 7:20am | Edited 7:40am
After many painful lessons, I now usually wait 15-30 minutes after news release before jumpin in.
"Waiting" I found is also a choice.
I just closed an EU sell scalp in profit.
[edit] 10 min after news release: Good thing I got out, lolz.
Quoting Ferna
Ok which direction should i go?
Funded trader
  • #751,224
  • Jun 13, 2023 7:24am Jun 13, 2023 7:24am
I'd bet it comes in below expectation - we'll see though - plenty of news to come so best not to get sucked in
  • #751,225
  • Jun 13, 2023 7:26am Jun 13, 2023 7:26am
Was writing a personal PDF on Demand and Supply.
To see when they work when they dont worked, and why?
Attached Image (click to enlarge)
Click to Enlarge Name: Demand Supply zone with market structure.png Size: 33 KB


Currently, we are at a supply zone in a HL,HH trend, meaning it need to BO, to produce a HH.
Learnt it from a french guy
Let see it works
More time in the market, does not mean you trade better!
  • #751,226
  • Jun 13, 2023 7:26am Jun 13, 2023 7:26am
Quoting Ferna
Ok which direction should i go?
1) Short first then potentially buy
2) Upwards H4 liquid grab then plunge
3) Plunge to 1.245 after liquid grab of current price.
Exhausted
  • #751,227
  • Jun 13, 2023 7:27am Jun 13, 2023 7:27am
Every cab driver in new york are coming in with their money to go long, the houses and streets are full with eager speculators everywhere! People on a break at work!
time is ticking, who will be right?

p.s: im out of all major positions
You have an IQ lower than 90 if you interact with this user.
  • #751,228
  • Jun 13, 2023 7:27am Jun 13, 2023 7:27am
Taken out, reenter short because my system showing confluence for it.
But News may take up down or straight upwards.
I'm risking it today.
Exhausted
  • #751,229
  • Jun 13, 2023 7:28am Jun 13, 2023 7:28am
Quoting Elysion
{quote} 1) Short first then potentially buy 2) Upwards H4 liquid grab then plunge 3) Plunge to 1.245 after liquid grab of current price.
very good!
You have an IQ lower than 90 if you interact with this user.
  • #751,230
  • Jun 13, 2023 7:29am Jun 13, 2023 7:29am
Don't the cabbies know they can trade on their phones?
Quoting Ferna
Every cab driver in new york are coming in with their money to go long, the houses and streets are full with eager speculators everywhere! People on a break at work! time is ticking, who will be right? p.s: im out of all major positions
Funded trader
  • #751,231
  • Jun 13, 2023 7:29am Jun 13, 2023 7:29am
bought at 1.257, target 1.261
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #751,232
  • Jun 13, 2023 7:30am Jun 13, 2023 7:30am
Ok, Im sad.
Exhausted
  • #751,233
  • Jun 13, 2023 7:31am Jun 13, 2023 7:31am
Quoting Scotteyy
{quote} Keeping open for news. This low volume day got me itching for some action. Stop is at BE.
Closed at 12591, snagged a cheeky 30 pips. Could go higher but happy with that.
  • #751,234
  • Jun 13, 2023 7:32am Jun 13, 2023 7:32am
Quoting ForexGoose
bought at 1.257, target 1.261
revised tp to 1.269 area
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-06-13_08-31-33.png Size: 39 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #751,235
  • Jun 13, 2023 7:33am Jun 13, 2023 7:33am
Quoting Bella.al
{quote} Nothing much has happened in the last hour or so. I am relying on Bella's Resistance : 1.25927 to hold as resistance . I also would like this trade to make some pips get me out of DD which is -27 Pips for the month. You know when my mamma asks how is your Forex going i can easily say better than the neighbor . Bella's GMT Switch v1.4 {image}
Sl i hit -24 Pips,

This week = -24 + -24 = -48 Pips
Goddess of Thunder..
  • #751,236
  • Jun 13, 2023 7:34am Jun 13, 2023 7:34am
You shell not pass 1.26000
yes yes yes
  • #751,237
  • Jun 13, 2023 7:35am Jun 13, 2023 7:35am

  1. [quote=Moty;14459478]You shell not pass 1.26000[/quote] not trading GBPUSD now but I guess they are waiting for a weaker USD tomorrow for a confirmation. and better yet the movement in EURUSD will define where USDX is going

  • #751,238
  • Jun 13, 2023 7:36am Jun 13, 2023 7:36am
Looking to short somewhere. Gotta wait for around 1.261 or maybe now
Exhausted
  • #751,239
  • Jun 13, 2023 7:36am Jun 13, 2023 7:36am
DXY, maybe a critical level at 102.970. Hope it breaks it further.
  • #751,240
  • Jun 13, 2023 7:37am Jun 13, 2023 7:37am
buy until Thursday maybe?

Quote
The inflation rate cooled in May to its lowest annual rate in about two years, the Labor Department reported Tuesday.
The consumer price index, which measures changes in a multitude of goods and services, increased just 0.1% for the month, bringing the annual level down to 4%. That 12-month increase was the smallest since March 2021, when inflation was just beginning to rise to what would become the highest in 41 years.
Excluding volatile food and energy prices, the picture wasn’t as optimistic.
So-called core inflation rose 0.4% on the month and...
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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