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Cable Update (GBPUSD)

  • #751,341
  • Jun 13, 2023 10:12am Jun 13, 2023 10:12am
Drop mf
Attached Image (click to enlarge)
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yes yes yes
  • #751,342
  • Jun 13, 2023 10:14am Jun 13, 2023 10:14am
Quoting Coreg2004
{quote} eyefeelsix, if I judged by my own maturity that would be the correct number. It's now b/c he has tremendous knowledge and great skills to convey his message but b/c he doesn't say stupid things as, I think it will go higher/lower, or tomorrow's daily bar will be green/red. His posts are supported with sound reasons.
I see the same thing, maturity, Top-level economics knowledge for youth 22

Great_job@Fardeen1209
https://breakpullback.com
  • #751,343
  • Jun 13, 2023 10:31am Jun 13, 2023 10:31am
One can right now sell gu for 70 pips.

I took short
Intraday only.
  • #751,344
  • Jun 13, 2023 10:33am Jun 13, 2023 10:33am
Quoting stevepatt
{quote} GBP/USD M1 Observations Need another Push Higher {image}
GBP/USD M15 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 13th June 23 M15 Observations GBP_USD Mini_20230613_18.24.png Size: 20 KB
  • #751,345
  • Jun 13, 2023 10:34am Jun 13, 2023 10:34am
Quoting donfriday
{quote} pls can you help with trade copier?
https://www.fxblue.com/appstore/

Sign up and download.
Intraday only.
  • #751,346
  • Jun 13, 2023 10:43am Jun 13, 2023 10:43am
Quoting eyefeelsix
{quote} partial-close and let the profit run 50pips ahead to the target {image}

the bull is safe, Orderblock formed at the level of whole number 1.2600


I decided to release my tp and change to ts

Attached Image (click to enlarge)
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https://breakpullback.com
  • #751,347
  • Jun 13, 2023 10:48am Jun 13, 2023 10:48am
Quoting Pat Chiko
{quote} Somebody or something has accidently (or intentionally) hit the paused button on GU. All other pairs, including UJ are moving smoothly.
exactly Pat! Thats telling me this whole moove up will be recovered, Im waiting for my profit nice trades on Gold, I took some too but you nailed it, cheers!
People don't plan to lose. They lose because they don't plan.
  • #751,348
  • Jun 13, 2023 10:54am Jun 13, 2023 10:54am
Quoting Pat Chiko
{quote} Lol. GU becoimg weak pair to trade coz it is in ranging {quote} The recent high-impact news event did not provide a high-impact trade or the adrenaline rush that I was hoping for. The GBP/USD (GU) pair only saw a shallow spike of 40 pips up and down, which is not very significant for a major news event. Couldn't get into the opposite direction as price was in slow pace. There are a few possible reasons for this. First, the market may have already priced in the news event, so there was no big surprise to drive prices. Second, the news event...
Pat, I play the 15M bar range on news release days. Works ok. If you combine it with ATR daily the chances are great to pion-point reversal. Yesterday the move was terminated on 120%dailyATR(14), maybe today also? Sorry for the late chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 06.13 15M b.png Size: 42 KB
Always trade your own plan...I don't provide trading signals.
  • #751,349
  • Jun 13, 2023 10:55am Jun 13, 2023 10:55am
Current Rate : 1.26058

Yay, it came back to my entry level 1.26015. I really don't think it would challenge my S/L level again 1.26260

Bella's Blue Journal (June): -51 Pips . ( it may be time to recover this ).

Currently GMT Switch is maturing v1.5 . Introduced Bella's special days . Tuesday ( Bella's God of War ) | Thursday (Bella's God of Thunder ) for relationships
including new GMT Time : 14:56 PM GMT Changed from 10:21 AM GMT.

i will re-check my charts in 4 Hours.

Bella
Goddess of Thunder..
  • #751,350
  • Jun 13, 2023 10:57am Jun 13, 2023 10:57am
Quoting Pat Chiko
{quote} Lol. GU becoimg weak pair to trade coz it is in ranging {quote} The recent high-impact news event did not provide a high-impact trade or the adrenaline rush that I was hoping for. The GBP/USD (GU) pair only saw a shallow spike of 40 pips up and down, which is not very significant for a major news event. Couldn't get into the opposite direction as price was in slow pace. There are a few possible reasons for this. First, the market may have already priced in the news event, so there was no big surprise to drive prices. Second, the news event...
Yeah, that's why I'm gonna go through other pairs instead of GU.
It has been letting me down a lot as a lower t/f scalper.
I could've make 6 successful scalps today if I stayed in trading UJ. (both upside and downside)

With that said, I'm really placing GU in the least favorable pair to trade in the upcoming days for the moment.
Exhausted
  • #751,351
  • Jun 13, 2023 11:11am Jun 13, 2023 11:11am
Quoting Ferna
Just doing a scalp of about +10 pips on Short side. Just so i can afford a loaf of bread and an onion to boil.
about exact 10 pip profit. Going to the sidelines a bit to cook the onion.
You have an IQ lower than 90 if you interact with this user.
  • #751,352
  • Jun 13, 2023 11:19am Jun 13, 2023 11:19am
Quoting Pat Chiko
{quote} SP500 SP500 has been ripping. Curious if a 25 bps rate hike but also a confirmation from Powell of no further increases would result in a green or red day. Loss few thousand trying to short S&P (posted in other thread). Got my hand burnt. The S&P 500 has been defying all laws of nature and physics. It has found the meaning of anti-gravity and no longer recognizes resistance zones. The irony is that the S&P 500 is up 13% year-to-date (YTD), but only 7 stocks are responsible for 93% of this gain. The rest of the market is only up 1.4%....
13% hmm this is bad number time to short
People don't plan to lose. They lose because they don't plan.
  • #751,353
  • Jun 13, 2023 11:22am Jun 13, 2023 11:22am
I see a lack of understanding with what Gu is all about and I have seen this since 2017 in this thread with traders coming and going. Gu is not like any other pair with less volatile moves. It is highly volatile and not an easy pair to trade. It will make or break and destroy trading accounts, Do not follow anyone besides your own gut.
Trade very safe.
Cheers.
Trade to trade another day
  • #751,354
  • Jun 13, 2023 11:37am Jun 13, 2023 11:37am
Quoting Pat Chiko
{quote} GU Becoming lazy pairs. Maybe another round of LQ sweep for the up coming FOMC event to spike GU{image}
I am saving this picture.. because i love your analysis
  • #751,355
  • Jun 13, 2023 11:55am Jun 13, 2023 11:55am
Quoting Pat Chiko
{quote} Thanks Coreg. I was looking at the GBP/USD (GU) market from a different perspective. I think there is a possibility of another overbought (OB) signal on the H4 timeframe before the FOMC meeting.{image} I agree with your assumption about the Average True Range (ATR). However, it is important to remember that price can sometimes stall upon reaching the maximum ATR. The key to understanding this is to look at the market structure and liquidity zones. Additional thoughts on the GU market: The current trend is bullish. The market is currently...
Pat, very possible. I'm sticking to abc (Gartley) for now until the market proves me wrong. Also, it was @ TheVisitor trade, he is good to find the jewels in the jungle.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #751,356
  • Jun 13, 2023 12:02pm Jun 13, 2023 12:02pm
Quoting Pat Chiko
{quote} Thanks Coreg. I was looking at the GBP/USD (GU) market from a different perspective. I think there is a possibility of another overbought (OB) signal on the H4 timeframe before the FOMC meeting.{image} I agree with your assumption about the Average True Range (ATR). However, it is important to remember that price can sometimes stall upon reaching the maximum ATR. The key to understanding this is to look at the market structure and liquidity zones. Additional thoughts on the GU market: The current trend is bullish. The market is currently...
Pat, I was about to post the chart below in a timely manner when I got a phone call from a medical provider. Unfortunately, it took a while b/c I got lucky to talk to the guy who unmistakably attended a school for gifted children.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 06.13 15M.png Size: 40 KB
Always trade your own plan...I don't provide trading signals.
  • #751,357
  • Jun 13, 2023 12:39pm Jun 13, 2023 12:39pm
Quoting Wavegarrick
{quote} Why is 1.2600 so important for Bulls?. Well it is simply because we are above our weekly candle open or close and bulls will want to close the week above 1.26000. Bears have had ample chance to bring price below 1.2250 for this quarter and they simply could not manage it. We have just over half a month to go to end the 2nd quarter and 1.2750 looks a good prospect and 1.30000 certainly a juicy target. My weekly time frame is bullish. Trade safe {image}
Well let me put my money where my mouth is. Since 1.26000 is so important I have to live up to it, Buy trade at just above 1.26000
Cheers,
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Trade to trade another day
  • #751,358
  • Jun 13, 2023 12:43pm Jun 13, 2023 12:43pm
It appears as if GU is reading this thread for indications of where not to go!
  • #751,359
  • Jun 13, 2023 12:52pm Jun 13, 2023 12:52pm
Quoting Wavegarrick
{quote} Well let me put my money where my mouth is. Since 1.26000 is so important I have to live up to it, Buy trade at just above 1.26000 Cheers, {image}
It's a trade i'd like to take but prefer not to have trades open overnight.
  • #751,360
  • Jun 13, 2023 12:53pm Jun 13, 2023 12:53pm
Quoting Pat Chiko
{quote} Thanks Coreg. I was looking at the GBP/USD (GU) market from a different perspective. I think there is a possibility of another overbought (OB) signal on the H4 timeframe before the FOMC meeting.{image} I agree with your assumption about the Average True Range (ATR). However, it is important to remember that price can sometimes stall upon reaching the maximum ATR. The key to understanding this is to look at the market structure and liquidity zones. Additional thoughts on the GU market: The current trend is bullish. The market is currently...
cool, the girl you met in the plane.
it is so good that you finally met with her again.


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