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Cable Update (GBPUSD)

  • #752,261
  • Jun 16, 2023 1:16am Jun 16, 2023 1:16am
I jump in with a very small short. That does not mean the market goes down now but the market is overdone (again) - but it still can raise more. But it's screaming already, yes. So I have to take it.
  • #752,262
  • Jun 16, 2023 1:21am Jun 16, 2023 1:21am
Quoting GalactusFx23
Let me share a secret...big banks are pegging GU at 1.33 EOY.
This is funny stuff....." Then ... it is not a secret anymore."

Just remember, if you're ever feeling down about the market, just think of this: it's not a secret anymore.
Everyone knows that the market is unpredictable.

So, don't stress about it too much.
Just relax, have a beer, and enjoy the ride.

BTW which big bank we're talking about.?
Some people here own two of those.........
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,263
  • Jun 16, 2023 1:23am Jun 16, 2023 1:23am
Quoting JackintheBox
I jump in with a very small short. That does not mean the market goes down now but the market is overdone (again) - but it still can raise more. But it's screaming already, yes. So I have to take it.
LOL. - I got smacked directly, haha.
  • #752,264
  • Jun 16, 2023 1:24am Jun 16, 2023 1:24am
Fourth sell triggered at 1.2810... 20% drawdown in 2 days.. rare
Data + Stat + Risk/Emotions Management
  • #752,265
  • Jun 16, 2023 1:27am Jun 16, 2023 1:27am
Quoting Elysion
Strong sell coming soon?

The market is unpredictable.
It is impossible to say for sure what will happen, even if you have a good understanding of the underlying factors.

The pound could stay over 1.26, but not reach for newer highs until sometime in the future.
This is because the pound is currently trading at a high level, and it may need to consolidate before it can make further gains.

Play it safe Bro, its Friday..... Where do you go for party on Friday night in KL. ?
I'll back in KL next week.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,266
  • Jun 16, 2023 1:27am Jun 16, 2023 1:27am
Quoting Georginson
Fourth sell triggered at 1.2810... 20% drawdown in 2 days.. rare
which area are you targeting?
  • #752,267
  • Jun 16, 2023 1:29am Jun 16, 2023 1:29am
Quoting shakmoney
{quote} which area are you targeting?
1.2680 previous high that was taken out.
Data + Stat + Risk/Emotions Management
  • #752,268
  • Jun 16, 2023 1:32am Jun 16, 2023 1:32am
starting to get Q2,3,4 2020 vibes, the market refuses to die
  • #752,269
  • Jun 16, 2023 1:33am Jun 16, 2023 1:33am
Quoting Pat Chiko
{quote} Submitted. Please find it in another room. Don't want to clutter with my posting in here.
people leave, but this thread will go on for ever
  • #752,270
  • Jun 16, 2023 1:35am Jun 16, 2023 1:35am
Short again at 1.2817
Edit: partial buy at 1.28117
  • #752,271
  • Jun 16, 2023 1:37am Jun 16, 2023 1:37am
Quoting Georginson
Fourth sell triggered at 1.2810... 20% drawdown in 2 days.. rare
hi georginson,

IMO i think 1.2836 - 1.2840 will be the limit for this upside then might be drop to the target you aimed.
  • #752,272
  • Jun 16, 2023 1:38am Jun 16, 2023 1:38am
IMO this what should happen with dxy.

Minor support before real support
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  • #752,273
  • Jun 16, 2023 1:38am Jun 16, 2023 1:38am
Quoting Georginson
Fourth sell triggered at 1.2810... 20% drawdown in 2 days.. rare
I like your risk mgt. Kudos baba!
Face 'ur fears & tame 'ur greed
  • #752,274
  • Jun 16, 2023 1:40am Jun 16, 2023 1:40am
Watching 1.2819-1.282 zone closely!
Face 'ur fears & tame 'ur greed
  • #752,275
  • Jun 16, 2023 1:41am Jun 16, 2023 1:41am
Quoting pipfarm
{quote} A lot of people shorting , imho it is stupidity and greed , what if the short swing H1 which is moving against H4 is shallow and the upswing resumes, what then? you might get lucky this time and grab a few pips.

Stupidity and greed does not matter here, no one can guess that the market was in for a straight line, up and down is what every one prepared for so a little mis guess while trying to be on the right track is generally acceptable. in all of this i want to believe you have not been selling the highs?
Keep the Lights on then you can catch the rise from the dark.
  • #752,276
  • Jun 16, 2023 1:41am Jun 16, 2023 1:41am
Quoting JackintheBox
Short again at 1.2817 Edit: partial buy at 1.28117
Closed all with a tiny profit at 1.2807
  • #752,277
  • Jun 16, 2023 1:41am Jun 16, 2023 1:41am
Quoting Pat Chiko
{quote} The market is unpredictable. It is impossible to say for sure what will happen, even if you have a good understanding of the underlying factors. The pound could stay over 1.26, but not reach for newer highs until sometime in the future. This is because the pound is currently trading at a high level, and it may need to consolidate before it can make further gains. Play it safe Bro, its Friday..... Where do you go for party on Friday night in KL. ? I'll back in KL next week.
Retest of 1.266 EQH might be a good buy zone, after such massive BO?
More time in the market, does not mean you trade better!
  • #752,278
  • Jun 16, 2023 1:42am Jun 16, 2023 1:42am
No good long entries, don’t want to short into this. Looking like I’ll stay out for today.
  • #752,279
  • Jun 16, 2023 1:43am Jun 16, 2023 1:43am
Quoting OBsayMkMoney
{quote} Oh good. Still blown.. but hurts less. See you on the other side of this. Sure you will be back, and better for it!
Learning never ends, I will be better though.
Face 'ur fears & tame 'ur greed
  • #752,280
  • Jun 16, 2023 1:43am Jun 16, 2023 1:43am
Quoting JereMi256
Watching 1.2819-1.282 zone closely!
tbh, the price action looks like a sell day with a pump early frankfurt and drop late frankfurt
i dread to say that with any confidence after the past few days though
i am short again
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