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Cable Update (GBPUSD)

  • #752,481
  • Jun 16, 2023 8:43am Jun 16, 2023 8:43am
short 1.2833.
tp 1.2700 sl 1.2900
  • #752,482
  • Jun 16, 2023 8:43am Jun 16, 2023 8:43am
It is Friday, it's likely a lot of positions will be being unwound from earlier this week. Added a short to GBP - glad my risk has been tiny so far - BOE next week so reserving most capital until then.
  • #752,483
  • Jun 16, 2023 8:43am Jun 16, 2023 8:43am
Hail mary
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  • #752,484
  • Jun 16, 2023 8:43am Jun 16, 2023 8:43am
Quoting dantpm
{quote} A possible creative solution that you could consider is posting your Sunday analysis this Sunday, not a required move but one that would lend a lot of credibility to your posts here.
A fair point. I will oblige, provided that i feel as confident in my analysis this Sunday as i did last Sunday.
  • #752,485
  • Edited 8:56am Jun 16, 2023 8:46am | Edited 8:56am
Quoting dantpm
USDX retraced virtually to where this latest move on GU started! Is this the start of another move as suggested by Coreg2004?
dantpm, weekend study...https://www.forexfactory.com/thread/...2#post14462982
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Always trade your own plan...I don't provide trading signals.
  • #752,486
  • Jun 16, 2023 8:47am Jun 16, 2023 8:47am
Quoting knkie
i will try one more long here on M5. reduced lot size cuase im a bit ambivilant about the trade. Its quite a large stop. target at previous high. {image}
i got out early cause of the news coming up.
+10 pips

+34 for the day
in wondering about yourself, you forgot what you came here to be part of
  • #752,487
  • Jun 16, 2023 8:47am Jun 16, 2023 8:47am
Quoting BeeTogether
Red data in a bit let’s see if we see 129 or below 128 with it. Place ya bets

The red data is about consumer sentiment, suggestive of employment strength but not a direct measure and it has nothing to do with prices! It's an excuse for the market to react more than it is data to drive a reaction!
  • #752,488
  • Jun 16, 2023 8:50am Jun 16, 2023 8:50am
Quoting dantpm
{quote} The red data is about consumer sentiment, suggestive of employment strength but not a direct measure and it has nothing to do with prices! It's an excuse for the market to react more than it is data to drive a reaction!
highly will spike again to resistance to make all seller give up then perhap retrace
or direct spike down to wipe the buyer make the buying like invalid trap seller raise again
  • #752,489
  • Jun 16, 2023 8:50am Jun 16, 2023 8:50am
profit booking may start
Intraday only.
  • #752,490
  • Jun 16, 2023 8:59am Jun 16, 2023 8:59am
Quoting dantpm
{quote} The red data is about consumer sentiment, suggestive of employment strength but not a direct measure and it has nothing to do with prices! It's an excuse for the market to react more than it is data to drive a reaction!
i go see forex sentiment in myfx

i feel shock only 8% of buyer which make the trend will likely to continue, i miss it
  • #752,491
  • Jun 16, 2023 9:04am Jun 16, 2023 9:04am
M5
2841 break, pullback and hold, entry
thats the plan
\
edit: if the pullback bar is too large, as seems the case, then only entry on 2nd break
in wondering about yourself, you forgot what you came here to be part of
  • #752,492
  • Jun 16, 2023 9:05am Jun 16, 2023 9:05am
Sentiment is better than expected and the USD gets weaker lol
Insane in the Brain..
  • #752,493
  • Jun 16, 2023 9:05am Jun 16, 2023 9:05am
Quoting Bella.al
New Position Bella's Support: 1.28109 Long GBP/USD :1.28309 S/L:1.28065 T/P (max):1.31194 Bella's GMT Switch v1.6 {image}
Current Rate : 1.28405
Story at my end... so if the 1.28109 Bella's Support holds ( protecting my position ) . I am looking for 1.29030 Bella's Price Objective 1
Goddess of Thunder..
  • #752,494
  • Jun 16, 2023 9:06am Jun 16, 2023 9:06am
Double top, stop hunt for liquids m5, M shape. whatever confluences you name it. It's extremely clear right now.
Profits booking should be starting as well.
Expect strong selling for the next hours.
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Exhausted
  • #752,495
  • Jun 16, 2023 9:07am Jun 16, 2023 9:07am
Eventually it will go down, and i will hold
long.

classic.


happy weekend, smile as long you can
  • #752,496
  • Jun 16, 2023 9:09am Jun 16, 2023 9:09am
Stubborn mf
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yes yes yes
  • #752,497
  • Jun 16, 2023 9:11am Jun 16, 2023 9:11am
Quoting Whale
Eventually it will go down, and i will hold long. classic. happy weekend, smile as long you can
Funny that I can read the market nicely when I'm trading demo and sidelines.
When I'm live, I make stupid mistakes.
Like going holding shorts when market rises and vice versa.
Exhausted
  • #752,498
  • Jun 16, 2023 9:11am Jun 16, 2023 9:11am
at least we will see 1.2748 or 1.2700 at the end of day
  • #752,499
  • Jun 16, 2023 9:11am Jun 16, 2023 9:11am
Quoting BeeTogether
Sentiment is better than expected and the USD gets weaker lol
Strong sentiment is confidence in the economy, suggests that the public supports what the FED is doing. Right now the FED has paused rate increases (saber rattling not withstanding) which allows other central banks to catch up. USDX weakness.

Although now it appears to be going up again.
  • #752,500
  • Jun 16, 2023 9:12am Jun 16, 2023 9:12am
UJ long.... NO SL...
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