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Cable Update (GBPUSD)

  • #751,861
  • Jun 14, 2023 2:43pm Jun 14, 2023 2:43pm
Quoting Elysion
{quote} My m15 is showing potential 1.26 But I dont think we can make it today. 1 hour 18 mins till new day.
can be tomarrow, I think we will be much lower
People don't plan to lose. They lose because they don't plan.
  • #751,862
  • Jun 14, 2023 2:46pm Jun 14, 2023 2:46pm
Quoting Elysion
{quote} My m15 is showing potential 1.26 But I dont think we can make it today. (market cycle) 1 hour 18 mins till new cycle of market.

on 4H I see 12580 however that could all change tomorrow
Insane in the Brain..
  • #751,863
  • Jun 14, 2023 2:47pm Jun 14, 2023 2:47pm
Reality check
  • #751,864
  • Jun 14, 2023 2:49pm Jun 14, 2023 2:49pm
Quoting stevepatt
{quote} GBP/USD Short Trade {image}
GBP/USD Short Trade Result +20 Pips

Target 1.26552 Hit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 14th June 23 Short Trade Result GBP_USD Mini_20230614_20.32.png Size: 24 KB
Click to Enlarge Name: 14th June 23 Short Trade Result M15 GBP_USD Mini_20230614_20.43.png Size: 24 KB
  • #751,865
  • Jun 14, 2023 2:50pm Jun 14, 2023 2:50pm
Quoting Elysion
{quote} Because FED is hiking interest rates = good for dollar strength.
Elysion,
In order to help you I have to be blunt with you. Forget this crap that you are fed here. The more you rely on fundamentals the more you will struggle. You do not know if it is priced in or not. I was where you are many years ago and believe me I was struggling. Find your strategy and stick with it. If news and fundis take you out so be it but I can bet my life on it that you will perform better if you follow your system. Find your mojo and trade your trade.
From the school of hard knocks.
Cheers.
Trade to trade another day
  • #751,866
  • Jun 14, 2023 2:50pm Jun 14, 2023 2:50pm
Quoting Elysion
{quote} Because FED is hiking interest rates = good for dollar strength.
Trading for me is pure technical...no trades at news and that's for me
  • #751,867
  • Jun 14, 2023 2:57pm Jun 14, 2023 2:57pm
Quoting Wavegarrick
{quote} Elysion, In order to help you I have to be blunt with you. Forget this crap that you are fed here. The more you rely on fundamentals the more you will struggle. You do not know if it is priced in or not. I was where you are many years ago and believe me I was struggling. Find your strategy and stick with it. If news and fundis take you out so be it but I can bet my life on it that you will perform better if you follow your system. Find your mojo and trade your trade. From the school of hard knocks. Cheers.

I'm not shorting blindly either.
I dont even trade based on fundamentals..
Nor do I do analysis on fundamentals.
Exhausted
  • #751,868
  • Jun 14, 2023 3:00pm Jun 14, 2023 3:00pm
Quoting Wavegarrick
{quote} You are missing the point. I chatted with him Just recently. Cheers.
But how were you able to determine if it was THE Twee, or AI-Twee? Or does it even matter?
To free Gazans of Hamas, use whatever it takes.
  • #751,869
  • Jun 14, 2023 3:05pm Jun 14, 2023 3:05pm
Quoting AlfieSolomon
Sell for 16 pips {image}
Shit man this was the perfect trade I was waiting from London open,
  • #751,870
  • Jun 14, 2023 3:10pm Jun 14, 2023 3:10pm
Quoting eyefeelsix
{quote} one order with zero risk left, prepare for ranging market if high of day fails to broken, Cya cable! {image}
Thanks for your marked up chart Sir,

I appreciate the time and effort you put into creating your chart.
It is clear that you have a deep understanding of Elliott wave and technical analysis.
I am grateful that you are willing to share your knowledge with others.

I am still learning about Elliott wave, and your chart has been very helpful.
I especially appreciate the way you have marked up the LQ/FVG zone and the Elliott wave count.

This is a great way to start incorporating Elliott wave into my Price Action Trading (PAT) system.
Further, will help me to better understand how Elliott wave can be used to identify trends and reversals.

Thank you again for sharing your valuable information.
I look forward to learning more from you in the future.
Looking forward for your comments are help.

I wish you all the best in your trading journey.

Best Wish

Pat Chiko
Attached Image (click to enlarge)
Click to Enlarge Name: gu 076.jpg Size: 180 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #751,871
  • Jun 14, 2023 3:12pm Jun 14, 2023 3:12pm
Quoting AlfieSolomon
{quote} Shit man this was the perfect trade I was waiting from London open,
There's still chance
Exhausted
  • #751,872
  • Jun 14, 2023 3:19pm Jun 14, 2023 3:19pm
Quoting Elysion
{quote} I'm not shorting blindly either. I dont even trade based on fundamentals.. Nor do I do analysis on fundamentals.
Quote
Because FED is hiking interest rates = good for dollar strength.
Ok good luck to you then
Trade to trade another day
  • #751,873
  • Jun 14, 2023 3:22pm Jun 14, 2023 3:22pm
Quoting Elysion
{quote} Because FED is hiking interest rates = good for dollar strength.
Boss,

I think you've read the news that " The Fed just decided to FINALLY pause rate hikes"
Yes, they paused....

But coming with that is Fed's is hawkish pause on rates.
There's a good chance that the Fed's next move on rates will be a cut, not because inflation is lower, but because the labor market finally cracks.

On the one hand, the battle against inflation is far from over as FED target for CPI is 2% target.
Attached Image (click to enlarge)
Click to Enlarge Name: cpi 7.jpg Size: 36 KB


Take note that, for this round, Fed keeps rates unchanged, but hints at 2 more rate hikes this year.
As it is now, Inflation is and has been coming down so a pause makes sense for now until next month’s CPI report for June.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #751,874
  • Jun 14, 2023 3:27pm Jun 14, 2023 3:27pm
Quoting Pat Chiko
{quote} Boss, I think you've read the news that " The Fed just decided to FINALLY pause rate hikes" Yes, they paused.... But coming with that is Fed's is hawkish pause on rates. There's a good chance that the Fed's next move on rates will be a cut, not because inflation is lower, but because the labor market finally cracks. On the one hand, the battle against inflation is far from over as FED target for CPI is 2% target.{image} Take note that, for this round, Fed keeps rates unchanged, but hints at 2 more rate hikes this year. As it is now, Inflation...

Yeah man, just read the news. I dont always read the news man.
Only once in a while.
Too many problems to deal with in my life, why bother reading

And it's 4am brother, you're in the same timezone as me.
I've been awake for at least 20 hours.
Exhausted
  • #751,875
  • Jun 14, 2023 3:29pm Jun 14, 2023 3:29pm
Quoting Pat Chiko
{quote} Boss, I think you've read the news that " The Fed just decided to FINALLY pause rate hikes" Yes, they paused.... But coming with that is Fed's is hawkish pause on rates. There's a good chance that the Fed's next move on rates will be a cut, not because inflation is lower, but because the labor market finally cracks. On the one hand, the battle against inflation is far from over as FED target for CPI is 2% target.{image} Take note that, for this round, Fed keeps rates unchanged, but hints at 2 more rate hikes this year. As it is now, Inflation...
Heading into an election year, wanting to expand the labor market and fix damage done from Covid19, wanting to boost domestic production to reduce demand on Chinese imports, ...
I don't see rate increases as very likely. Flat rates and saber rattling about increases are in our future, according to my crystal ball.
  • #751,876
  • Jun 14, 2023 3:36pm Jun 14, 2023 3:36pm
Quoting Elysion
{quote} Yeah man, just read the news. I dont always read the news man. Only once in a while. Too many problems to deal with in my life, why bother reading And it's 4am brother, you're in the same timezone as me. I've been awake for at least 20 hours.
I'm not in Malaysia ATM.

Travelling.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #751,877
  • Jun 14, 2023 3:43pm Jun 14, 2023 3:43pm
Quoting dantpm
{quote} Heading into an election year, wanting to expand the labor market and fix damage done from Covid19, wanting to boost domestic production to reduce demand on Chinese imports, ... I don't see rate increases as very likely. Flat rates and saber rattling about increases are in our future, according to my crystal ball.
What does FED learn from BOC ?.

Meanwhile, in Canada, CPI/inflation is starting to trend higher, supporting further BoC increases

They paused and it spiked.
I wonder if this has anything to do with it?

Powell is hoping and dreaming of a soft landing.
That's why they're being cautious now.
"The longer high inflation continues, the greater the chance that expectations of higher inflation will become entrenched."
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #751,878
  • Jun 14, 2023 3:46pm Jun 14, 2023 3:46pm
Quoting Pat Chiko
{quote} I'm not in Malaysia ATM. Travelling.
Ah no wonder I dont see you at certain times
Safe travel man.
Exhausted
  • #751,879
  • Jun 14, 2023 3:50pm Jun 14, 2023 3:50pm
Quoting Pat Chiko
{quote} What does FED learn from BOC ?. Meanwhile, in Canada, CPI/inflation is starting to trend higher, supporting further BoC increases They paused and it spiked. I wonder if this has anything to do with it? Powell is hoping and dreaming of a soft landing. That's why they're being cautious now. "The longer high inflation continues, the greater the chance that expectations of higher inflation will become entrenched."
BOC never increased rates as much as they did in the US. Much different economics, greater poverty and unemployment (both denied by government) in Canada as well as similar out of control government spending. Canada's real estate market is unsustainable in the Toronto and Vancouver area where housing is not affordable. Banks are currently setting up record foreclosure provisions! Provincial and Federal governments have destroyed and continue to do more damage in Canada!
  • #751,880
  • Jun 14, 2023 4:06pm Jun 14, 2023 4:06pm
monday i have made 3% profit
today i have lost 3% of my account

it is zero sum game after all
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