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Cable Update (GBPUSD)

  • #752,781
  • Jun 19, 2023 3:36am Jun 19, 2023 3:36am
add short 1.2815...all orders set sl to 1.2830.. if touch im done gu today
  • #752,782
  • Jun 19, 2023 3:37am Jun 19, 2023 3:37am
Plan:

Execution: Entered Short @ 1.28191 SL 1.28700 TP 1.26700
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 27 KB
Click to Enlarge Name: GBPUSD Trade.png Size: 17 KB
  • #752,783
  • Jun 19, 2023 3:43am Jun 19, 2023 3:43am
Out of my GU long, trying to stay disciplined. Price action like today is what causes all the losses. Will wait for a clear break of 12810 or 12830. Still in UJ long targeting 14250. I expect this will go sideways until NY session.
  • #752,784
  • Jun 19, 2023 3:46am Jun 19, 2023 3:46am
As of retracement on monthly exhaution area we might expect to fall back and then continue its drive up
Attached Image (click to enlarge)
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  • #752,785
  • Jun 19, 2023 3:47am Jun 19, 2023 3:47am
Quoting Scotteyy
Out of my GU long, trying to stay disciplined. Price action like today is what causes all the losses. Will wait for a clear break of 12810 or 12830. Still in UJ long targeting 14250.
UJ is easier to trade than GU.
GU is like a mini GOLD.
Too many fakeouts and LQ Grab, and very often, the real move disappeared.
More time in the market, does not mean you trade better!
  • #752,786
  • Jun 19, 2023 3:50am Jun 19, 2023 3:50am
Quoting Fardeen1209
{quote} UJ is easier to trade than GU. GU is like a mini GOLD. Too many fakeouts and LQ Grab, and very often, the real move disappeared.
Agreed, UJ is a trending monster.
  • #752,787
  • Edited 4:03am Jun 19, 2023 3:51am | Edited 4:03am
Quoting Bella.al
{quote} Hello, So while i work to finish the other modules . A. Bella's Trend-0.25 : A Special Currency Trend + Price Figure which is constant in all time frames. ( requires Major and Minor waves to trade ) - [Still in Development] B. Bella's Hot Zones : Special Calculations to derive dynamic support and resistance of Today's Bar.+ Intraday Trend and Range Projections [Still in Development ] C. Bella's GMT Switch I will continue to trade with Bella's GMT Switch which allows me to open trade at specific GMT Time 13:38 PM using Bella's OSC [Still...
Date: 19.06.2023
GMT Time : 08:43 AM

Hello,

I am awake now feeling energetic , so well in the weekend i completed some part of my trading system. I have Trend-0.25 Trend Info which is a special trend that informs constant trend direction and specific level without the usage of Time Frames.

Current Info as of Year 2021 ( Trend-0.25 )

Trend-0.25 Direction = SHORT
Date Placed : 20.10.2021
Major Resistance Level: 1.38340

My job is to now develop the other parts of this which i called Major and Minor waves that follows the currency pair in a special way and is related to this Instrument. ( which could take some time ).

Trading:
I am going to use another strategy to trade which i have been using called GMT Switch since it also requires further development and Testing as it progresses.

Today's Bias = Short
Waiting for 13:38 GMT to Arrive.

Bella's GMT Switch ( beta v1.6 )
Attached Image (click to enlarge)
Click to Enlarge Name: GMT_Switch_01.png Size: 15 KB
Goddess of Thunder..
  • #752,788
  • Jun 19, 2023 3:53am Jun 19, 2023 3:53am
Quoting Bella.al
{quote} Date: 19.06.2023 GMT Time : 08:43 AM Hello, I am awake now feeling energetic , so well in the weekend i completed some part of my trading system. I have Trend-0.25 Trend Info which is a special trend that informs constant trend direction and specific level without the usage of Time Frames. Current Info as of Year 2021 ( Trend-0.25 ) Trend-0.25 Direction = SHORT Date Placed : 21.10.2021 Major Resistance Level: 1.38340 My job is to now develop the other parts of this which i called Major and Minor waves that follows the currency pair in a...
I'm scratching my head to recall if I've ever come across anyone who's more in love with their name than you seem. Very commendable
  • #752,789
  • Jun 19, 2023 3:56am Jun 19, 2023 3:56am
Today is a public holiday in the US, so I don't expect big movements.
  • #752,790
  • Jun 19, 2023 3:57am Jun 19, 2023 3:57am
Quoting jmss59
Today is a public holiday in the US, so I don't expect big movements.
Did not realise this, guess its gonna be a sleepy day then.
  • #752,791
  • Jun 19, 2023 4:06am Jun 19, 2023 4:06am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 21 KB
  • #752,792
  • Jun 19, 2023 4:09am Jun 19, 2023 4:09am
Quoting BrainBucks
{quote} I'm scratching my head to recall if I've ever come across anyone who's more in love with their name than you seem. Very commendable
Hi, Lol! It's a good general rule though - never personalize it. The market has nothing against us - it doesn't even know we exist, so it means no harm (or indeed good) toward us. Similarly, we are best advised not to over-personalize what we do toward it, as this could lead to greater psychological hurdles in the journey towards becoming a long-term consistently and reliably, profitable trader.
Trader with an Edge.
  • #752,793
  • Jun 19, 2023 4:09am Jun 19, 2023 4:09am
Quoting Scotteyy
Out of my GU long, trying to stay disciplined. Price action like today is what causes all the losses. Will wait for a clear break of 12810 or 12830. Still in UJ long targeting 14250. I expect this will go sideways until NY session.
i see a GU buy for 30/40 pips from 1.2805-1.2798 area
could be away already but i think dxy needs to revisit the hourly demand created Fri
  • #752,794
  • Jun 19, 2023 4:13am Jun 19, 2023 4:13am
Quoting Scotteyy
Out of my GU long, trying to stay disciplined. Price action like today is what causes all the losses. Will wait for a clear break of 12810 or 12830. Still in UJ long targeting 14250. I expect this will go sideways until NY session.
good decision
i wont touch cable-longs again until M30 break 1.2825-1.2830

i will consider shorts below 1.2800

just my opinion
in wondering about yourself, you forgot what you came here to be part of
  • #752,795
  • Jun 19, 2023 4:17am Jun 19, 2023 4:17am
The pound dollar is so today, but the pound yen is also swinging. What are you unhappy about? I don't know, but you don't seem to be in a good mood. For the time being, I closed the 2 position long position.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-cd(M5)_2023.06.19_181143.jpg Size: 113 KB
  • #752,796
  • Jun 19, 2023 4:24am Jun 19, 2023 4:24am
Quoting Fardeen1209
{quote} There is Uk housing problem and US student Loan, majority of people are ignoring it. These 2 are ticking time bomb.
what about the student loans?
You have an IQ lower than 90 if you interact with this user.
  • #752,797
  • Jun 19, 2023 4:30am Jun 19, 2023 4:30am
even USDJPY to me is dangerous until 141.94 breaks

this is the type of PA that turns out to be expensive.
in wondering about yourself, you forgot what you came here to be part of
  • #752,798
  • Jun 19, 2023 4:31am Jun 19, 2023 4:31am
Quoting knkie
even USDJPY to me is dangerous until 141.94 breaks this is the type of PA that turns out to be expensive.
Got a long locked in at BE from 141.60 but yeh I agree, need to break this level. Wont be getting out, it either breaks or it doesnt.
  • #752,799
  • Jun 19, 2023 4:33am Jun 19, 2023 4:33am
Quoting mysterio
{quote}i see a GU buy for 30/40 pips from 1.2805-1.2798 area could be away already but i think dxy needs to revisit the hourly demand created Fri
Hi, would be happier if it was a prev 1hr/4hr sw hi/lo zone as opposed to just a prev 1hr sw hi/lo zone = prev res = pot rbs/supp. Will see what happens if price reaches there re PA etc..

The last bullish thrust candle wkly close at least suggests more upside @ some point, (this week perhaps,?) but that doesn't really help on lower 'intraday' t/f's.
Trader with an Edge.
  • #752,800
  • Jun 19, 2023 4:34am Jun 19, 2023 4:34am
Quoting Scotteyy
{quote} Got a long locked in at BE from 141.60 but yeh I agree, need to break this level. Wont be getting out, it either breaks or it doesnt.
xcellent thats a good entry. Enough room to get out in case it falls and potential for large profit !

going in now would be expensive, but 141.94 just broke on M5 so i am now long usdjpy as well.

9 pip SL
25 pip target
in wondering about yourself, you forgot what you came here to be part of
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