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Cable Update (GBPUSD)

  • #751,661
  • Jun 14, 2023 9:34am Jun 14, 2023 9:34am
Quoting ForexGoose
{quote} if you date a stripper, your bank account and credit cards will be blown fast
With that you can get your own blowww, no worriessss
  • #751,662
  • Jun 14, 2023 9:35am Jun 14, 2023 9:35am
Attached Image (click to enlarge)
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50% closed and stop move to b/e, favouring FOMC to be a reversal rather than a retracement as dollar weakness has not been met with higher bonds or higher gold. Intermarket analysis suggesting that the downside we have seen on dollar could be a fakeout and we might expect bullishness for post FOMC and the rest of this week. If im wrong at least i made money
  • #751,663
  • Jun 14, 2023 9:37am Jun 14, 2023 9:37am
Quoting Cetka
{quote} I get the idea, but it's always better to be 10-20 pips late on the reversal than trying to predict it before it happens. You get in on the next demand zone retracement and you have a higher probability of making clean profits. With the interest rates probably not being raised, the market could squeeze everyone trying to short it before it's time. Just my guess
You got that right Cetka You are very Right There
HBS - Hussain Bin Salman
  • #751,664
  • Jun 14, 2023 9:39am Jun 14, 2023 9:39am
Quoting Yngwie
Can't resist Short 1.2677
Add short 1.2695
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #751,665
  • Jun 14, 2023 9:41am Jun 14, 2023 9:41am
Quoting Georginson
I should not be selling this GU, I ought to be buying and yet caught on the selling side, I will have to exit my sell trades once price reaches 1.2594.. then I will buy for a target of 1.2640 then 1.2700 for the latter part of this week. Expected range this week is 215 pips. .. current range stands at 135 pips remaining 80 pips. 1.2487 + 215 pips = 1.2702. Above 1.2575 is pointing at 1.27 this week. Also noteworthy that we are in the last month of the second quarter with minimum expected range of 500 pips, so far it's done 406 pips (1.2274 - 1.2680)...
1.2702 almost attained, average weekly range is 95% done, only need 1.2610.

Now it's either 1.2770 or 1.2448 from here, many will doubt 1.2448 but it can't be ruled out.
Data + Stat + Risk/Emotions Management
  • #751,666
  • Jun 14, 2023 9:42am Jun 14, 2023 9:42am
What I find very weird is the stallment of the moving. All day long. How can someone has so much money? It doen't matter on which level or where. This is the most insane move I've seen on GBP/USD for a very, very long time.
  • #751,667
  • Jun 14, 2023 9:42am Jun 14, 2023 9:42am
Quoting Whale
{image}
stopped out

for fee second i was in profit
  • #751,668
  • Jun 14, 2023 9:44am Jun 14, 2023 9:44am
Quoting Fardeen1209
Shorts at last point of QM 1.2668. SL 35pips. Final TP 1.2536 FOMC rate priced in might deliver first leg down. Press conference will deliver 2nd leg down, indicating another hike might be of the way. Not home, just have my phone for FF and IPAD for trade management. Being Wrong is second half of my plan. Good luck to us
Closing to stop out.
Anything else i have no other setup to trade.
See y'all tomorrow. Going to enjoy life a bit
More time in the market, does not mean you trade better!
  • #751,669
  • Edited 9:58am Jun 14, 2023 9:44am | Edited 9:58am
watching 2700 test breaks. breakout only play . breaks 2690 down , will start sell any bounce too but step by step trade . take care
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #751,670
  • Jun 14, 2023 9:49am Jun 14, 2023 9:49am
Quoting ForexGoose
{quote} if you date a stripper, your bank account and credit cards will be blown fast
lmfao!
You have an IQ lower than 90 if you interact with this user.
  • #751,671
  • Jun 14, 2023 9:50am Jun 14, 2023 9:50am
Buy 1.2698 tp 1.2720 sl 1.2678
  • #751,672
  • Jun 14, 2023 9:50am Jun 14, 2023 9:50am
When you watch carefully you can see the algorythms how it/its buys. Very nice lines up and extremely seldom turned off. Of course you can use it like that, if you have infinite money, but it's not really smart cause you could get lower quotes for buying anyway all day long and you throw these quotes away. I really wonder where this will end today and who the f*ck still buying GBP or selling USD.
  • #751,673
  • Jun 14, 2023 9:52am Jun 14, 2023 9:52am
Quoting ForexGoose
{quote} I will let my buy orders run, risk free currently ultimate profit target would be 1.285 if the bull run continues {image}
this is just too much profits, feels like im gona blow it any minute. SLs? Future sls?
You have an IQ lower than 90 if you interact with this user.
  • #751,674
  • Jun 14, 2023 9:58am Jun 14, 2023 9:58am
New Position

Short GBPUSD:1.26908
S/L:1.27153
T/P (max):1.24024

Bella's Resistance : 1.27108

Bella's GMT Switch v1.5
Attached Image (click to enlarge)
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Goddess of Thunder..
  • #751,675
  • Jun 14, 2023 9:59am Jun 14, 2023 9:59am
my long on small account still run.. lol
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  • #751,676
  • Jun 14, 2023 10:00am Jun 14, 2023 10:00am
Its not entirely impossible for FED to raise rates this evening - I mean its unlikely as far as market is concerned, and I haven't crunched the statistics - but its worth keeping in mind. The best trades are against the herd after all.
  • #751,677
  • Jun 14, 2023 10:02am Jun 14, 2023 10:02am
Hmmm... I cannot understand that buying behaviour. From trading perspective you dig yourself only more and more a hole. I'm not fine currenty with my positions but I start to handle it and if that GBP/USD drives down only a bit I can make party. The problem for ordinary people and more billionaires is you have to sell this stuff also again. Have fun with that investment method from today lol

- I just wonder if at Goldman Sachs the boss comes in and say: "How is it going today?" Junior boss: " Well, we are in a paper profit on GBP/USD for example of 20 billion dollars!" Boss says: "What?? How?" Junior Boss shows: " Well, we just bought all the day and now we are invested on an average of 1.2670 of about 1000 billion dollars. - Oh wait, holy sh*t..." Boss: "Wtf... "
  • #751,678
  • Jun 14, 2023 10:07am Jun 14, 2023 10:07am
We think of market makers and smart money concepts forgetting that they can also behave like 'dumb money'
Watching & Learning
  • #751,679
  • Jun 14, 2023 10:08am Jun 14, 2023 10:08am
next breakout / early confirmation level 2678! for target limit 2640 and breakout level 2642/37
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #751,680
  • Jun 14, 2023 10:10am Jun 14, 2023 10:10am
Quoting Orangeapple
Its not entirely impossible for FED to raise rates this evening - I mean its unlikely as far as market is concerned, and I haven't crunched the statistics - but its worth keeping in mind. The best trades are against the herd after all.
The detail that people constantly forget is that FED can raise, keep the same or drop rates and the market will react, not necessarily in the way that people expect to the news!
The FED is most likely going to keep rates the same in my opinion. How will the market react? No idea!
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