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Cable Update (GBPUSD)

  • #752,121
  • Jun 15, 2023 9:58am Jun 15, 2023 9:58am
New Position.

Bella's Resistance : 1.27623

Bella's Trend-0.25 Resistance : 1.27498 , Good Chance for Resistance to hold here , Taking a short
based on indications as below.

Short GBPUSD:1.27423
S/L : 1.27668
T/P (max) : 1.24539

Bella's GMT Switch v1.6
Attached Image (click to enlarge)
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Goddess of Thunder..
  • #752,122
  • Jun 15, 2023 10:00am Jun 15, 2023 10:00am
Quoting Robinhood1
Eurjpy long. Prlce now 148.75 Target beyond. 155.00
The unpenetrable figure eurjpy was @ 148.40 so i have entries at 148.75, 149.40, 150.07, 150.27 and 151.07
My target is well above 160 initially
Current price is above 153
POSTMASTER
  • #752,123
  • Jun 15, 2023 10:11am Jun 15, 2023 10:11am
Quoting donfriday
If bulls fail toward the end of the week to complete 1.2750 QP i will be looking for a way back to 1.2500 1.2475
6 months high
QP 1.2750 completed

expecting 75 to 125 pips drop


125 pips is half point of 2 quarters

my view
MY OPINION NOT FINANCIAL ADVISE
  • #752,124
  • Jun 15, 2023 10:12am Jun 15, 2023 10:12am
Quoting OBsayMkMoney
{quote} Ouch... blowing a DXY trade account sounds painful. Mine broker only allows .10 lots there. Money management is definitely the key. Saved me. For every 100 you have.. .01. Slow and steady..
I don't trade Dxy, but rather GU mainly.
That was just for analysis.
Face 'ur fears & tame 'ur greed
  • #752,125
  • Jun 15, 2023 10:13am Jun 15, 2023 10:13am
Quoting Bella.al
New Position. Bella's Resistance : 1.27623 Bella's Trend-0.25 Resistance : 1.27498 , Good Chance for Resistance to hold here , Taking a short based on indications as below. Short GBPUSD:1.27423 S/L : 1.27668 T/P (max) : 1.24539 Bella's GMT Switch v1.6 {image}
In version 1.6 i have introduced "Bella's Date Forecasting" which has something to do with W.D Gann.
I am expecting that today is 15.06.2023 and a possible top could be placed as long as my S/L holds. ( all bets are off )

Bella's GMT Switch v1.6

Attached Image (click to enlarge)
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Goddess of Thunder..
  • #752,126
  • Jun 15, 2023 10:25am Jun 15, 2023 10:25am
M1 was forming a bull flag for one more push up 1.2770?
  • #752,127
  • Jun 15, 2023 10:29am Jun 15, 2023 10:29am
Quoting Coreg2004
{quote} dantpm, you know that I'm a bean counter...120%dailyATR hit and I'm out.
That's walking away isn't it?
  • #752,128
  • Jun 15, 2023 10:31am Jun 15, 2023 10:31am
Quoting Freethepound
My friends, its broken a resistance level, the massive candle right now shows that very clearly. We shall continue to see a bullish trend. Sellers should be careful..
Friday is a slow day, should range tomorrow or retest to go higher..
  • #752,129
  • Jun 15, 2023 10:36am Jun 15, 2023 10:36am
Quoting dantpm
{quote} That's walking away isn't it?
dantpm, a matter of choice. I got a possible DD of 20 pips, then wait for the market to reverse and hit 1.2764. it was a 1:1 proposition ...Here goes my Bugatti into flames.
Always trade your own plan...I don't provide trading signals.
  • #752,130
  • Jun 15, 2023 10:41am Jun 15, 2023 10:41am
U just short GU 10.0 lot now target 1.2600
  • #752,131
  • Jun 15, 2023 10:43am Jun 15, 2023 10:43am
squeeze out sellers
short 1.2762
  • #752,132
  • Jun 15, 2023 10:46am Jun 15, 2023 10:46am
Dxy support.
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  • #752,133
  • Jun 15, 2023 10:46am Jun 15, 2023 10:46am
Quoting Cetka
{quote} I just hope you are not trading in someone's name, or that you are teaching someone. We get what you are saying, but it turned out we are right and you are not. With that, you are still sticking to your story and not allowing yourself to maybe learn from it. The 4H is in a downtrend, ChoC happened, then BoS, BoS, valid retracement, and you are still sticking to your story. Trade safe my guy. Wish you all the best!

I have been wrong before. I will be again. 161 is my retracement target here. Where I have been waiting to go short.

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You my friend are reading to respond, because you keep ignoring the higher time frame argument. As to my trades. I am doing quite well, and am trading 5 live accounts. Mine, and 4 friend accounts. I know you aren't listening because at no point did I argue that I was IN a GU short. The argument was whether or not the DXY instrument was bearish or not. When DXY retraced up to my Wave B I TP'd my short term market orders and maintained the long term ones. My thought process being that wave 4 should not enter into the range of Wave 1. My favorite instrument being UJ, although US100 and BTCUSD have been lovely to me lately. Please READ what I am saying because if you do, you will realize that what I have been saying and continue to is that you are right.. On a short term basis. (Lower time frames), but that others consider this a momentary respite. Have fun in New Mexico. Cousin Ray Ray is a hoot.

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Don't compare your trades to others. Most often the masses are the asses
  • #752,134
  • Jun 15, 2023 10:48am Jun 15, 2023 10:48am
Quoting JereMi256
{quote} I don't trade Dxy, but rather GU mainly. That was just for analysis.
Oh good. Still blown.. but hurts less. See you on the other side of this. Sure you will be back, and better for it!
Don't compare your trades to others. Most often the masses are the asses
  • #752,135
  • Jun 15, 2023 10:48am Jun 15, 2023 10:48am
61.8% fib in play now 15 pips above 200ema as well on weekly TF..
it should drop from here
  • #752,136
  • Jun 15, 2023 10:51am Jun 15, 2023 10:51am
Quoting Wavegarrick
{quote} Anyway Folks, Forgive all my posts. I don't want to come across as overbearing. I will not post hereafter, I promise. I have closed one of my trades from yesterday for a nice profit. One thing that is very important to understand is that price will not swing in a jiffy and needs to consolidate. I am not going to just short until I get proper confirmation signals. If this level goes we could easily see 1.30000 to end the second quarter of this year. Trade safe. Cheers. {image}
hi Leon,

perhaps in few months later, we could reach 1.33 - 1.34..i think from there big short will come in around 700 - 800 pips or even 1000 pips..
  • #752,137
  • Jun 15, 2023 10:52am Jun 15, 2023 10:52am
Quoting donfriday
{quote} 6 months high QP 1.2750 completed expecting 75 to 125 pips drop 125 pips is half point of 2 quarters my view
(250+250)/2=250
250/2=125

but please can you explain the Q theory?
  • #752,138
  • Jun 15, 2023 10:53am Jun 15, 2023 10:53am
If 2766/2767 breaks out...it can further move up by 20 pips to take stops out.
If this price does not break here..we have good chance 2600 for tomorrow.
Intraday only.
  • #752,139
  • Jun 15, 2023 10:54am Jun 15, 2023 10:54am
Quoting Whale
Dxy support. {image}
that big fat bearish engulfing candle scares me
  • #752,140
  • Jun 15, 2023 10:57am Jun 15, 2023 10:57am
The higher it fly without stop, the harder it falls? :?
Exhausted
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