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Cable Update (GBPUSD)

  • #751,301
  • Jun 13, 2023 10:13am Jun 13, 2023 10:13am
Quoting Bella.al
New Position. Short GBPUSD : 1.26015 S/L :1.26260 T/P (max):1.23131 Bella's GMT Switch v1.5 {image}
My 2 cents your stop loss is to tight and your take profit not today...
average dude treading water
  • #751,302
  • Jun 13, 2023 10:19am Jun 13, 2023 10:19am
short here tp 2565
  • #751,303
  • Jun 13, 2023 10:24am Jun 13, 2023 10:24am
hold it !!!!!!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: DX.png Size: 14 KB
yes yes yes
  • #751,304
  • Jun 13, 2023 10:24am Jun 13, 2023 10:24am
GBP/USD M15 OBSERVATIONS

I see a lot of Traders taking Trades based on their Beliefs rather than what Price is Dictating......
Attached Image (click to enlarge)
Click to Enlarge Name: 13TH JUNE 23 M15 Observations GBP_USD Mini_20230613_16.04.png Size: 30 KB
  • #751,305
  • Jun 13, 2023 10:25am Jun 13, 2023 10:25am
Quoting thevisitor
Next target 1.2645 Will close my long 1,2620-30
Out all for me, no matter what
  • #751,306
  • Jun 13, 2023 10:26am Jun 13, 2023 10:26am
Quoting MIKKI
{quote} My 2 cents your stop loss is to tight and your take profit not today...

Yes, Thank you for noticing. System is designed like that currently at v1.5 target is 2.0 . I update my system as needed. This is not an Intraday System.
while i am updating i have running DD of =-51 pips for June . Like i said it is still in development process and the s/l and t/p will not change .
-Bella
Goddess of Thunder..
  • #751,307
  • Jun 13, 2023 10:28am Jun 13, 2023 10:28am
Quoting Ferna
{quote} what is BO?
Break out
More time in the market, does not mean you trade better!
  • #751,308
  • Jun 13, 2023 10:30am Jun 13, 2023 10:30am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 11 KB
yes yes yes
  • #751,309
  • Jun 13, 2023 10:33am Jun 13, 2023 10:33am
Quoting ScalaFX
Gold dropped nice but GU holding, can deep with Gold? Lets see..
sometimes this negative correlation can brink huge dump for GU and EU, I see some strong divergance at HTF for this pairs, I will hold my shorts and wait for distribution, maybe Gold want to close this Gap at 1887, then GU will follow to grab buy side LQ at 2300 and under, we must wait and see, trade safe folks!
People don't plan to lose. They lose because they don't plan.
  • #751,310
  • Jun 13, 2023 10:34am Jun 13, 2023 10:34am
Quoting stevepatt
GBP/USD M15 OBSERVATIONS I see a lot of Traders taking Trades based on their Beliefs rather than what Price is Dictating...... {image}
People don't plan to lose. They lose because they don't plan.
  • #751,311
  • Jun 13, 2023 10:35am Jun 13, 2023 10:35am
Quoting Bella.al
New Position. Short GBPUSD : 1.26015 S/L :1.26260 T/P (max):1.23131 Bella's GMT Switch v1.5 {image}

Current Rate : 1.26088

Bella's Resistance : 1.26215 is currently protecting my position , just waiting for an update

Bella's GMT Switch

Attached Image (click to enlarge)
Click to Enlarge Name: GMT_Switch_01.png Size: 14 KB
Goddess of Thunder..
  • #751,312
  • Edited 10:49am Jun 13, 2023 10:37am | Edited 10:49am
Was thinking about possible market reaction for FOMC.
Got 2 possible scenario.
In both cases, USD UP.

#1 More likely, FED no hike.
Given it is already priced in (at 90% considered full priced in), shorts USD will TP on FOMC (35-50pips).
Sell short = Buying pressure.

#2 Dovish disappointment. Fed surprise market with 25bps even tho it is not necessarily for the time being.

Given GU print a HH today [external Structure BOS(4hr)] and at daily supply zone need to look for a decent shorts setup.
Tomorrow Uk Gdp positive while industrial & manufacturing is negative, will look for a short setup at Frankfurt/LO which will sweep Asian High.
Or once i get back home

Economic projection for Q3 will be release tomorrow.
More time in the market, does not mean you trade better!
  • #751,313
  • Jun 13, 2023 10:39am Jun 13, 2023 10:39am
Quoting Bella.al
{quote} Current Rate : 1.26088 Bella's Resistance : 1.26215 is currently protecting my position , just waiting for an update Bella's GMT Switch {image}
1.2580 "support"
I am out
  • #751,314
  • Jun 13, 2023 10:39am Jun 13, 2023 10:39am
Quoting jair
{quote} {image}
Thanks mate.
More time in the market, does not mean you trade better!
  • #751,315
  • Jun 13, 2023 10:42am Jun 13, 2023 10:42am
Quoting Fardeen1209
From twitter (@ThHappyHawaiian) Dude making his own cpi calculation {image}
Today first time saw this dude tweet.
Looks like it is not horse shit after all.
More time in the market, does not mean you trade better!
  • #751,316
  • Jun 13, 2023 10:44am Jun 13, 2023 10:44am
Quoting stevepatt
GBP/USD M15 OBSERVATIONS I see a lot of Traders taking Trades based on their Beliefs rather than what Price is Dictating...... {image}

GBP/USD Long Trade 1.26055
Attached Image (click to enlarge)
Click to Enlarge Name: 13th June 23 Long Trade GBP_USD Mini_20230613_16.40.png Size: 20 KB
  • #751,317
  • Jun 13, 2023 10:49am Jun 13, 2023 10:49am
can anyone decipher Bailey's statements? anyone who watched the livestream. They are using too elegant language for me.
Anyone more into fundamentals here?
You have an IQ lower than 90 if you interact with this user.
  • #751,318
  • Jun 13, 2023 10:54am Jun 13, 2023 10:54am
Quoting Fardeen1209
Was thinking about possible market reaction for FOMC. Got 2 possible scenario. In both cases, USD UP. #1 More likely, FED no hike. Given it is already priced in (at 90% considered full priced in), shorts USD will TP on FOMC (35-50pips). Sell short = Buying pressure. #2 Dovish disappointment. Fed surprise market with 25bps even tho it is not necessarily for the time being. Given GU print a HH today [external Structure BOS(4hr)] and at daily supply zone need to look for a decent shorts setup. Tomorrow Uk Gdp positive while industrial & manufacturing...
Fardeen1209, every time I read your post I have the feeling you have the tipo in your profile about your age. Are you really 22 y.o?
Always trade your own plan...I don't provide trading signals.
  • #751,319
  • Jun 13, 2023 11:04am Jun 13, 2023 11:04am
The last question Bailey got was about Central Bank Digital Currency, and he tackled it with "It's up to commercial banks, if they need it".
He is skeptical if these digital money only should be controlled by central banks. But it's up for debate.

Good some of the members of the committee raised the issues regarding it. And good it's not being swept under the table.
You have an IQ lower than 90 if you interact with this user.
  • #751,320
  • Jun 13, 2023 11:06am Jun 13, 2023 11:06am
Quoting stevepatt
GBP/USD M15 OBSERVATIONS I see a lot of Traders taking Trades based on their Beliefs rather than what Price is Dictating...... {image}
I see a lot of Traders taking Trades based on their Beliefs rather than what Price is Dictating......
That's pretty much routine behavior in this thread. Some take it even further and simply make a guess and then deal with managing the trade.
To free Gazans of Hamas, use whatever it takes.
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