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Cable Update (GBPUSD)

  • #752,441
  • Jun 16, 2023 7:28am Jun 16, 2023 7:28am
Quoting ScalaFX
{quote} ała, Im cutted all at 2720, minus 7000$, some taken back from scalps longs, now selling again 2840, bulls congratulations!

Looks like a good sell area now.
m1 looks like a rejection of top
m5 bullish candles are losing momentum.
Exhausted
  • #752,442
  • Jun 16, 2023 7:29am Jun 16, 2023 7:29am
Quoting mysterio
{quote}nice, where did you post your entry ?
My entry was 1.25344
  • #752,443
  • Jun 16, 2023 7:36am Jun 16, 2023 7:36am
Eurgbp is heading to 0.8517. That's the first sign for bears. Sell near 1.2860. keep a bit wide sl. IMO, SELL LIMIT 1.2865 with 1.29 sl would yield at least 50 - 80 pips.
  • #752,444
  • Jun 16, 2023 7:40am Jun 16, 2023 7:40am
i think pound is gonna rally till Wednesdays cpi. im not entering longs though cause it looks extremely extended.
  • #752,445
  • Jun 16, 2023 7:42am Jun 16, 2023 7:42am
Quoting jordanvic
i think pound is gonna rally till Wednesdays cpi. im not entering longs though cause it looks extremely extended.
extended to wipe all the doubt seller, i one of them LOLZ
  • #752,446
  • Jun 16, 2023 7:47am Jun 16, 2023 7:47am
Quoting mysterio
{quote}nice, where did you post your entry ?
I laughed so hard at his ego and rubbish advice. People give blanket advice without knowing how people trade. Markets can be in a trend and retrace for even 200 pips plus. That's why the world moves; people see things differently. Of everybody buys in a trend who will sell and vice versa? These moves are rare and when they happen some guy somewhere pops out to advice "you all".
  • #752,447
  • Jun 16, 2023 7:47am Jun 16, 2023 7:47am
Quoting Rmg
Another day same bullish scenario . upside targets anyone? 1.29?
Rmg, yes, possible.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 06.16 4H.png Size: 51 KB
Always trade your own plan...I don't provide trading signals.
  • #752,448
  • Jun 16, 2023 7:48am Jun 16, 2023 7:48am
Quoting jordanvic
i think pound is gonna rally till Wednesdays cpi. im not entering longs though cause it looks extremely extended.
So your comment is pointless then…
  • #752,449
  • Jun 16, 2023 7:48am Jun 16, 2023 7:48am
Quoting Mitiblotch
{quote} I laughed so hard at his ego and rubbish advice. People give blanket advice without knowing how people trade. Markets can be in a trend and retrace for even 200 pips plus. That's why the world moves; people see things differently. Of everybody buys in a trend who will sell and vice versa? These moves are rare and when they happen some guy somewhere pops out to advice "you all".
correct, got buy got sell, there is only transacted, if all buy no sell, no transaction, but i agree what he say, never against trend, i alway pay hard for this
  • #752,450
  • Jun 16, 2023 7:50am Jun 16, 2023 7:50am
Just for the stats, got out all - 1/4 of normal trading day with my shorts, so almost no loss but It was on the limit. I was down 6 days of trading in the high.
Stats:
Worst drive up since 4 Months on regular retraces, Worst drive up since 7-8 months on minor consolidations. I managed to stay calm but it was really on the edge.

Of course that happens so you have to be prepared. No wonder that some of you got ripped off these days. I wonder how long regulations still watch that calmly. It's going on since last thursday, especially on GBP, it's not the dollar, it's the GBP.

Already again huge drop. That is pure market manipulation in my view. Long 1.2821 full position. Cheers.
  • #752,451
  • Jun 16, 2023 7:51am Jun 16, 2023 7:51am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-06-16-15-39-57-445_com.tradingview.tradingviewapp-edit.jpg Size: 462 KB
yes yes yes
  • #752,452
  • Jun 16, 2023 7:52am Jun 16, 2023 7:52am
GU is at monthly resistance 3. And 61.8 weekly fib level. all I expect from here now is sell. I’m holding all my 3 trades.
  • #752,453
  • Jun 16, 2023 7:52am Jun 16, 2023 7:52am
Quoting alienguy123
{quote} correct, got buy got sell, there is only transacted, if all buy no sell, no transaction, but i agree what he say, never against trend, i alway pay hard for this
So what are you doing now? Are you buying now? 30 Pip drop. What are you doing now? Is it with or against the trend?
  • #752,454
  • Jun 16, 2023 7:53am Jun 16, 2023 7:53am
My Indications went Long , Getting Ready to Go Long in less than an Hour or So...

Attached Image (click to enlarge)
Click to Enlarge Name: LongSig.png Size: 3 KB
Goddess of Thunder..
  • #752,455
  • Jun 16, 2023 7:54am Jun 16, 2023 7:54am
Quoting JackintheBox
{quote} So what are you doing now? Are you buying now? 30 Pip drop. What are you doing now? Is it with or against the trend?
against trend, now findng to cut LOL
  • #752,456
  • Jun 16, 2023 7:56am Jun 16, 2023 7:56am
Quoting Mitiblotch
{quote} I laughed so hard at his ego and rubbish advice. People give blanket advice without knowing how people trade. Markets can be in a trend and retrace for even 200 pips plus. That's why the world moves; people see things differently. Of everybody buys in a trend who will sell and vice versa? These moves are rare and when they happen some guy somewhere pops out to advice "you all".
Agreed, this price rise is a statistical anomaly. As long as people in shorts are keeping stops tight, I see no issue with it. It's the people that have been short for 100's of pips without a stop loss that have made a mistake.
  • #752,457
  • Jun 16, 2023 7:57am Jun 16, 2023 7:57am
Quoting greenpips4
SHORT in at 1.2825.. sl of 15 pips targeting 45 pips.
closing with +30 pips. at 1:2.
I would have held this short longer, but after 4 consecutive losses i am emotionally not in the position where i can be patience with my winner.
  • #752,458
  • Jun 16, 2023 7:57am Jun 16, 2023 7:57am
USDX retraced virtually to where this latest move on GU started! Is this the start of another move as suggested by Coreg2004?
  • #752,459
  • Jun 16, 2023 7:59am Jun 16, 2023 7:59am
Quoting greenpips4
{quote} closing with +30 pips. at 1:2. I would have held this short longer, but after 4 consecutive losses i am emotionally not in the position where i can be patience with my winner.
same bro, i just find the way to cut it, since it is lost, no matter whether i correct or not, jsut the mindset is affected d
  • #752,460
  • Jun 16, 2023 8:00am Jun 16, 2023 8:00am
Quoting Scotteyy
{quote} Agreed, this price rise is a statistical anomaly. As long as people in shorts are keeping stops tight, I see no issue with it. It's the people that have been short for 100's of pips without a stop loss that have made a mistake.
Genuinely curious, how is this a statistical anomaly? To me, this is just another run up that has happened countless times before and will happen countless times again. If it were a 400 pip move in a day, I'd agree, it'd be an anomaly but 100-150 pip moves each day are not uncommon for 3-4 day stretches.
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