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Cable Update (GBPUSD)

  • #752,361
  • Jun 16, 2023 4:15am Jun 16, 2023 4:15am
Quoting Cetka
{quote} Bro, GBP is dependent on the move of the DXY itself. Safe trades my guy!
Thank for your view.
I agree with you as the two are often inversely correlated, meaning that when one currency rises, the other falls.

DXY made of
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But, there are times when they can move in the same direction.
This can happen when there are strong economic or political factors that are affecting both currencies.
The recent one was early 2020s, the DXY and GBP both rose during Covid.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,362
  • Jun 16, 2023 4:16am Jun 16, 2023 4:16am
Quoting JackintheBox
{quote} Yeah, big question is now: Do we go from here to 1.2815's or do we go down to 1.2760's area? I have no clue. Volume to upside is gone, easy to fill, correction still going, 1.2760's should be in range. So: no trade for me
Short. Retail is in serious drawdown or panicking if they should keep shorting and enduring more pain while the market already booked majority of the liquidity at the 1.26800 level and met their target. Also LO they did a run on asian range liquidity where lots of people probably went short. The market is ready to give you some money back
Was slipping off the edge but i held up.
  • #752,363
  • Jun 16, 2023 4:18am Jun 16, 2023 4:18am
Quoting Georginson
{quote} I mean it is rare for me to have such a big drawdown since mid February, my maximum drawdown has been 12.53%... I caused this big drawdown though, I knew it's a buy and yet kept selling in the last month of the second quarter. 1.2774 was clear as day and yet I kept selling from 1.26.... I consider myself a shitty trader for this nonsensical decisions.

Exactly. Same here mate. Have got this massive drawdown. Been selling since 1.25. Just so stucked up.
  • #752,364
  • Jun 16, 2023 4:22am Jun 16, 2023 4:22am
Quoting Moty
Drop all ready mf {image}
Hi Moty,


GU
Good try to retest the FVG zone.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,365
  • Jun 16, 2023 4:24am Jun 16, 2023 4:24am
Quoting Georginson
{quote} I mean it is rare for me to have such a big drawdown since mid February, my maximum drawdown has been 12.53%... I caused this big drawdown though, I knew it's a buy and yet kept selling in the last month of the second quarter. 1.2774 was clear as day and yet I kept selling from 1.26.... I consider myself a shitty trader for this nonsensical decisions.

don’t be too hard on yourself mate. There were many factors for the launch up, as well as factors for a drop below 123 which didn’t happen. So far I’ve taken a 16k hit on this trade and will look to pull out if I see a drop below 126 in the next week. If not I will potentially stop at 20k and restart (I have a floating 40k pot which was 20 at the start of May)
Insane in the Brain..
  • #752,366
  • Jun 16, 2023 4:26am Jun 16, 2023 4:26am
Quoting Pat Chiko
{quote} Hi Moty, Good try to retest the FVG zone.{image}
Dollah Index

Inverse FVG zone
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,367
  • Jun 16, 2023 4:27am Jun 16, 2023 4:27am
Quoting Robinhood1
{quote} Hello Dr. There are 6 candles per day @ 4h TF. Your theory may do the job thou. Would have to look into it
OK then, if you are basing your 6 waves on a smaller TF on the 6 bars on H4, then the 6-wave TF is likely M15 and a 3-wave TF is likely H1.
To free Gazans of Hamas, use whatever it takes.
  • #752,368
  • Jun 16, 2023 4:28am Jun 16, 2023 4:28am
Inserted Video


Good day, I've a song for the optimistic sellers in this thread. That's all for today folks.
  • #752,369
  • Jun 16, 2023 4:30am Jun 16, 2023 4:30am
....market is pretty undecided from an intraday perspective right now.....Big adr/awr week already so far so maybe more significant upside will be harder to achieve than downside/ranging? 1hr/4hr+ general uptrends still intact Time will tell.

1hr below
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Trader with an Edge.
  • #752,370
  • Jun 16, 2023 4:35am Jun 16, 2023 4:35am
Placed long on EU 1.09430. Had a much clearer view and analysis. Will break even if it pulls.
  • #752,371
  • Jun 16, 2023 4:37am Jun 16, 2023 4:37am
Quoting DrDave
{quote} It is out of sync currently, Have you looked at the Monthly and Weekly TFs? Nothing at all out of sync: It's business as usual.
And have you looked on daily? I'm an intra-day trader. If you would have read my posts carefully you would have seen that I'm talking about about last days intra-day. Cheers
  • #752,372
  • Jun 16, 2023 4:38am Jun 16, 2023 4:38am
Quoting Moty
Drop all ready mf {image}

Moty, I coy your trde.
Hope got some luck on Friday.

GU
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GCAD
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,373
  • Jun 16, 2023 4:44am Jun 16, 2023 4:44am
Quoting Pat Chiko
{quote} Moty, I coy your trde. Hope got some luck on Friday. GU{image} GCAD{image}
There was a good setup for GBPAUD and EURAUD long too.
Not sure if late entries now would be good or not.
Exhausted
  • #752,374
  • Jun 16, 2023 4:46am Jun 16, 2023 4:46am
Quoting Elysion
{quote} There was a good setup for GBPAUD long too. Not sure if late entries now would be good or not.
Can you share those chart.

I've limited access, as am travelling now.

Thanks for sharing.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,375
  • Jun 16, 2023 4:46am Jun 16, 2023 4:46am
Quoting Bella.al
{quote} Sorry , made a mistake with the new v1.6. Today's Trading time =13:38 PM GMT not 10:21 AM GMT However, still watching the resistance . Bella's Trend-0.25 Resistance : 1.28161 Bella's GMT Switch v1.6 {image}
Nothing much is happening, i am still looking at the Bella's Trend-0.25 Resistance : 1.28161 ..
Trading Time in GMT : 13:38PM
Day = Friday ( Bella's God of Fire )

Bella's GMT Switch v1.6
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Goddess of Thunder..
  • #752,376
  • Jun 16, 2023 4:46am Jun 16, 2023 4:46am
I feel we are all thinking that volume on upside is drained out & now GU will head south, i am sure market will react 100% in opposite direction, GU will still head to 1.2860 today, that's what mkt is doing fr past few days, in 2 hrs from now GU will head north--- just my view which is not based on technical or fundamental --- it's just that market is not aligned with any technical or fundamental
  • #752,377
  • Jun 16, 2023 4:51am Jun 16, 2023 4:51am
Retrace to 1.2630 for 1.2930?
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  • #752,378
  • Jun 16, 2023 4:58am Jun 16, 2023 4:58am
Quoting Pat Chiko
{quote} Can you share those chart. I've limited access, as am travelling now. Thanks for sharing.
I have only drawn up chart for EURAUD.
Not too free for GBPAUD but they were pretty much moving in similar method.
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Exhausted
  • #752,379
  • Jun 16, 2023 5:01am Jun 16, 2023 5:01am
Not a great plan, but playing it with cautious. Waiting for Wave B of Wave 4 to form then short
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More time in the market, does not mean you trade better!
  • #752,380
  • Jun 16, 2023 5:08am Jun 16, 2023 5:08am
sold-1,27878
I don't count on big DD.
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