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Cable Update (GBPUSD)

  • #752,901
  • Jun 19, 2023 12:48pm Jun 19, 2023 12:48pm
Quoting Pat Chiko
{quote} I missed her, the greatest trap door opener feat with Kwarteng. Wish UK could reappoint here, then we can have joy in trading GBP/USD to eternity. (She got hand ready to open trap door....) {image}

ahh the good old days… wiped me out but still today I could do with her back

GU looks strong even if we drop a bit , the data is not going to help the bears.
however: we know rates going up, any indication that this could slow down or the rises will induce a recession especially in election year will not be taken lightly.

bears will need tight stops in place and bulls too.
Insane in the Brain..
  • #752,902
  • Jun 19, 2023 12:57pm Jun 19, 2023 12:57pm
CHANCE
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  • #752,903
  • Jun 19, 2023 1:25pm Jun 19, 2023 1:25pm
Testing 2768 1st confirmation for correction towards limit 2699! Over the limit bull active and strong. So waiting to ing see 2768/66 breaks play to bull restart or so. Then 2740 0r 20 areas can good support to act next. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #752,904
  • Jun 19, 2023 1:56pm Jun 19, 2023 1:56pm
i do have shorts open but will be buying dips for now
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  • #752,905
  • Jun 19, 2023 2:36pm Jun 19, 2023 2:36pm
Quoting Pat Chiko
Regulated ? They aren’t regulated. Nor are any other prop firms. {image} Coreg, gonna open my prop firm real quick before this shit goes to zero. You want share this get rich quick business ?. This is sure good business The reason why prop firms make so much money is because for some reason majority of you guys think you can pass a challenge, get funded, and make a big withdrawal after 2 weeks of buying a challenge. There’s unlimited trading day prop firms now. Stop rushing the process!
Pat, there is no chance I open a prop firm but I would like to know how much money prop firms make from charging for challenges, and how much money traders bring them after they get funded account.
Just imagine the scenario. A person decided to have a career as a trader. He/she unsuccessfully tries for 13 years, and couldn't make $5-10k during that time to trade own account. After 3 years of taking challenges, that person becomes a shark trading a $500k account and rakes $1-2k/day with 2 pips profit and 1 pip stop loss.
Sci-Fi is not my favorite genre but I read these stories with great admiration for the authors' imagination.
I don't want to sound so pessimistic b/c at the end impossible is nothing. Good luck to all traders.
Always trade your own plan...I don't provide trading signals.
  • #752,906
  • Jun 19, 2023 3:03pm Jun 19, 2023 3:03pm
Price has dipped below the 15m 200ma indicating that sellers are in control in the short-term. Honestly I don't see it dropping much further than weekly pivot at 12715, however my bias turns to sell, at least for now. Price remains above the 4h and 1d 200ma so the long term trend is still bullish. Thus, I will be reducing risk in my sell trades conscious of the fact it could reverse at any point.
  • #752,907
  • Jun 19, 2023 3:57pm Jun 19, 2023 3:57pm
Seen similar charts - 12720 / 12600
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DX index to $103
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  • #752,908
  • Jun 19, 2023 4:01pm Jun 19, 2023 4:01pm
Why are some traders here posting charts in this thread that isn't related to GBPUSD?
  • #752,909
  • Jun 19, 2023 4:18pm Jun 19, 2023 4:18pm
Alright GBP Update

Quite Close To My Target But Its Fooling Around

I will be looking for Buys now

If TP Hit overnight very nice

Otherwise it looks like a Bull

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Let See How It Goes
HBS - Hussain Bin Salman
  • #752,910
  • Jun 19, 2023 4:20pm Jun 19, 2023 4:20pm
Quoting Scotteyy
Price has dipped below the 15m 200ma indicating that sellers are in control in the short-term. Honestly I don't see it dropping much further than weekly pivot at 12715, however my bias turns to sell, at least for now. Price remains above the 4h and 1d 200ma so the long term trend is still bullish. Thus, I will be reducing risk in my sell trades conscious of the fact it could reverse at any point.
Thats Right There
HBS - Hussain Bin Salman
  • #752,911
  • Jun 19, 2023 5:13pm Jun 19, 2023 5:13pm
How one wants to trade today ?

Bias ?

Bearish close on Monday.. so bearish ...

Entry ?

You decide anything above daily pivot.

Onething people must remeber... high degree of accuracy combined with strict risk management ( no copy trading ) will lead to long term success.
Intraday only.
  • #752,912
  • Jun 19, 2023 5:31pm Jun 19, 2023 5:31pm
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  • #752,913
  • Jun 19, 2023 6:56pm Jun 19, 2023 6:56pm
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holding
be a thinker before being a reacter
  • #752,914
  • Jun 19, 2023 7:42pm Jun 19, 2023 7:42pm
4 hr to 15 min in selling.

daily and above buying.

5 min buying mode.

Sell higher today... in London
Intraday only.
  • #752,915
  • Jun 19, 2023 7:46pm Jun 19, 2023 7:46pm
Quoting navk
4 hr to 15 min in selling. daily and above buying. 5 min buying mode. Sell higher today... in London
What short target would you be looking at
  • #752,916
  • Jun 19, 2023 7:56pm Jun 19, 2023 7:56pm
Quoting shakmoney
{quote} What short target would you be looking at
s1 minimum.. and down.
Intraday only.
  • #752,917
  • Jun 19, 2023 8:25pm Jun 19, 2023 8:25pm
Limit sell 1.2822 reject bb area H1...
sell stop 1.2770
all tp 1.2700
  • #752,918
  • Jun 19, 2023 10:35pm Jun 19, 2023 10:35pm
The pound-yen pair seems to be in the midst of an upward trend adjustment in the long term, so when I set a limit price in the morning, I was stuck with two. Fortunately, when the support rebounded firmly, it turned positive, so it was settled. Is it difficult to go long because you can't see the dollar/yen movement? I'm going to see you in London.
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  • #752,919
  • Jun 19, 2023 11:26pm Jun 19, 2023 11:26pm
Quoting Pat Chiko
{quote} At 8.9% and headline CPI with ^10%, and inflation proven sticky for months. Many reasons, inflation refuses to come down as fast as expected or come down at all. Overall the core inflation is roughly the same - the difference in CPI seems to be food and energy BoE is trying to keep inflation in the UK at around 2%. The BoE measures inflation using the Consumer Price Index (CPI). A higher-than-expected CPI reading could lead to the BoE raising interest rates, which would make the British pound (GBP) more attractive to investors. {image} Lower-than-expected...
GU

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UK's core inflation is higher than that of the Eurozone and the US.
May's inflation data will be released before the Bank of England's meeting on Thursday, but it's expected that it will be difficult to change the BoE's plan to raise interest rates by 25 bp this week.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,920
  • Jun 19, 2023 11:30pm Jun 19, 2023 11:30pm
Quoting Bella.al
{quote} Yay! , finally what i was waiting for some movement!. +23 Pips as i write this , however i cannot move my sl to trailing yet ( Bella's 0.37 Trailing ). so to re-cap short sell cable at 13:38 PM GMT Bella's Order Forecasting due to Bella's Date Forecasting on 19.06.2023. ( reversal date ). again waiting. Bella's Blue ( beta v1.6 ) {image}
Yesterday High : 1.28364
Yesterday Low : 1.27702

Open Position : Short GBPUSD : Type : Date Reversal ( 19.06.2023 )

Still holding into my short trade . I strongly believe cable will break yesterday's low 1.27702 and looking for 1.27300 which is Bella's Price Objective 1.
Only above Bella's Resistance : 1.28221 will negate this scenario .

Waiting to engage my trailing stop (Bella's 0.37 Trailing )

Bella's Blue ( beta ver 1.6 )
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Goddess of Thunder..
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munlee