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Cable Update (GBPUSD)

  • #752,161
  • Jun 15, 2023 11:25am Jun 15, 2023 11:25am
In a bull week, even if weekly range is achieved, I do not expect a drop on thursday.

Vice versa for bear week.
Intraday only.
  • #752,162
  • Jun 15, 2023 11:25am Jun 15, 2023 11:25am
Attached Image (click to enlarge)
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  • #752,163
  • Jun 15, 2023 11:26am Jun 15, 2023 11:26am
Quoting Fardeen1209
{quote} Agreed. LQ will be low. We have a FVG just above that 1hr Supply zone, with a range of 21pips. Reducing my Lot size to comfortably get my 1% within 30pips. I expecting a decent fall will be starting from here, we have 2 unmitigated 4hr Demand Zone left below.
I do not expect a crash immediately.

The crash happens after several hours of consolidation.
Intraday only.
  • #752,164
  • Jun 15, 2023 11:26am Jun 15, 2023 11:26am
Quoting navk
I would suggest : Be ready for a decent /good drop tomorrow and Monday. If there is account, you can always recover

Agreed. Will move my Sell Stops up to 1.27540.
Don't compare your trades to others. Most often the masses are the asses
  • #752,165
  • Jun 15, 2023 11:27am Jun 15, 2023 11:27am
Quoting navk
{quote} I do not expect a crash immediately. The crash happens after several hours of consolidation.
Agreed,
Very possible for a distribution after such massive upward movement
More time in the market, does not mean you trade better!
  • #752,166
  • Jun 15, 2023 11:32am Jun 15, 2023 11:32am
Today high is not necessarily to be high....

In the asian session a high forms...

And then if London does not break.... there would be consolidation in the london hours for NY to distribute.
Intraday only.
  • #752,167
  • Jun 15, 2023 11:34am Jun 15, 2023 11:34am
Quoting Elysion
No signals for sell on GU yet. Still looking bullish from my chart. 1.277 1.278 on the table.
Elysion, you need to choose if you are aggressive or conservative with the entry of C-T trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 06.15 3M.png Size: 29 KB
Always trade your own plan...I don't provide trading signals.
  • #752,168
  • Jun 15, 2023 11:35am Jun 15, 2023 11:35am
E Wave Masters
Can you please confirm if i counted the wave Correctly?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (244).png Size: 59 KB

Wave 4 Maximum it can go with Invalidate everything
More time in the market, does not mean you trade better!
  • #752,169
  • Jun 15, 2023 11:38am Jun 15, 2023 11:38am
Quoting navk
In a bull week, even if weekly range is achieved, I do not expect a drop on thursday. Vice versa for bear week.

GTK
Don't compare your trades to others. Most often the masses are the asses
  • #752,170
  • Jun 15, 2023 11:43am Jun 15, 2023 11:43am
but can anybody explain that big drop?
I mean such a big move isnt normal, USD data was bullish today, so the only explanation for me is liquidity for a big drop...

isnt it?
  • #752,171
  • Jun 15, 2023 11:46am Jun 15, 2023 11:46am
Quoting Alevsky017
but can anybody explain that big drop? I mean such a big move isnt normal, USD data was bullish today, so the only explanation for me is liquidity for a big drop... isnt it?
my thoughts exactly.. not sure what happened
Insane in the Brain..
  • #752,172
  • Jun 15, 2023 11:48am Jun 15, 2023 11:48am
Quoting Fardeen1209
E Wave Masters Can you please confirm if i counted the wave Correctly? {image} Wave 4 Maximum it can go with Invalidate everything

Always open to interpretation, but I see this.
Oh, and I'm not a Master. Sho nuff!

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 87 KB
Don't compare your trades to others. Most often the masses are the asses
  • #752,173
  • Jun 15, 2023 11:52am Jun 15, 2023 11:52am
2nd june chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 13 KB
Intraday only.
  • #752,174
  • Jun 15, 2023 11:53am Jun 15, 2023 11:53am
Quoting Coreg2004
{quote} Elysion, you need to choose if you are aggressive or conservative with the entry of C-T trade. {image}
Coreg, 1.2750 for 1.2810
  • #752,175
  • Jun 15, 2023 11:53am Jun 15, 2023 11:53am
Quoting navk
2nd june chart {image}
So are you long?
  • #752,176
  • Jun 15, 2023 11:53am Jun 15, 2023 11:53am
This day pretty much kills the idea of support & resistance atleast.
You have an IQ lower than 90 if you interact with this user.
  • #752,177
  • Jun 15, 2023 11:56am Jun 15, 2023 11:56am
Quoting Alevsky017
but can anybody explain that big drop? I mean such a big move isnt normal, USD data was bullish today, so the only explanation for me is liquidity for a big drop... isnt it?

Best guess... Fundamentally... we got a good Jobs number. Good Jobs number is good for companies, and the like. Good for companies usually bad for the dollar. ( Think Uncle Trumpy screaming at the fed those first two years, about how he wanted a weaker dollar)

Technically? We needed a retracement. We were at extremes.

Just my thoughts. I could be wrong. Gotta say that now a days lol
Don't compare your trades to others. Most often the masses are the asses
  • #752,178
  • Jun 15, 2023 11:57am Jun 15, 2023 11:57am
Quoting shakmoney
{quote} So are you long?
Why should i buy now at high ?

See my hourly chart posted here where i would go long when asia high broke
Intraday only.
  • #752,179
  • Jun 15, 2023 11:59am Jun 15, 2023 11:59am
Quoting navk
{quote} Why should i buy now at high ? See my hourly chart posted here where i would go long when asia high broke
So where would your short target be for tomorrow or next week?
  • #752,180
  • Jun 15, 2023 12:00pm Jun 15, 2023 12:00pm
Quoting OBsayMkMoney
{quote} Always open to interpretation, but I see this. Oh, and I'm not a Master. Sho nuff! {image}
Thanks,
Yours looks better in the if we look at the subwaves formation.
More time in the market, does not mean you trade better!
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