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Cable Update (GBPUSD)

  • #753,461
  • Jun 21, 2023 2:12pm Jun 21, 2023 2:12pm
[quote=Pat Chiko;14470589]{quote} . .......If you disagree with someone's trade, the best way to respond is to post your own chart and explain your reasoning. This will allow for a more productive discussion and help you to learn from each other. The school system often teaches us to rely on others for answers. Most gradute having lack of creative thinking and don't understand thinking process. However, in trading, it is important to be self-reliant. If you are not willing to put in the hard work to learn on your own, you will not be successful. Trading is a competitive industry, and only the fittest will survive. If you are not willing to go the extra mile and learn everything you can, you will be left behind. Judging trader expertise by their charts When traders post their charts, it gives us a glimpse into their thought process and trading style. We can see what indicators they use, how they interpret the market, and how they make their trading decisions. Of course, just because someone uses a lot of indicators doesn't mean they are an expert trader. In fact, it can sometimes be the opposite. Swquille lines doesn't make one as expert trders. .....

Always trade your own plan...I don't provide trading signals.
  • #753,462
  • Jun 21, 2023 2:13pm Jun 21, 2023 2:13pm
Quoting Tpttonly
{quote} Nice Real Nice but I am off as 1.27790 is off Hahaaa Now whether Retrace Or More Up although that looks like the case but Gbp tried to mess with my TPs too much Not To Be Not To Be Not To Be this time Check out the screenshot I will post now I made a triangle for this TP and GBP Succumbed Hahaaa
Triangular TP

GBP Hahaaa

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X 5 I am off

This was a Hard Trade GBP has tendency to throw this type But I am ever ready for it
HBS - Hussain Bin Salman
  • #753,463
  • Jun 21, 2023 2:13pm Jun 21, 2023 2:13pm
Quoting Wavegarrick
{quote} Well it is speculative that he has moved nukes to Belarus because Putin is suspicious that Belarus could turn it on Russia and himself if the Ukraine invasion fails. The biggest fear is when Putin blows the Zaporizhzhia nuclear power plant which will affect the European and eastern continent as well as North Africa. Ukraine and the Eastern part of Russia. A catastrophe in the making and he has already blown up the Nova Khakovka dam which is an ecocide and humanitarian disaster which affects the biggest nuclear power plant in Europe in Zaporizhzhia....
Putin wont ever use nukes. He is all talk.
  • #753,464
  • Jun 21, 2023 2:15pm Jun 21, 2023 2:15pm
Quoting Coreg2004
Quoting Pat Chiko
{quote} . .......If you disagree with someone's trade, the best way to respond is to post your own chart and explain your reasoning. This will allow for a more productive discussion and help you to learn from each other. The school system often teaches us to rely on others for answers. Most gradute having lack of creative thinking and don't understand thinking process. However, in trading, it is important to be self-reliant. If you are not willing to put in the hard work to learn on your own, you will not be successful.
...

trading is a contact sport for sure
be a thinker before being a reacter
  • #753,465
  • Jun 21, 2023 2:19pm Jun 21, 2023 2:19pm
Quoting boodvah
{quote}{quote} trading is a contact sport for sure
boodvah, not for me. I see it as I vs. machine.
Always trade your own plan...I don't provide trading signals.
  • #753,466
  • Jun 21, 2023 2:22pm Jun 21, 2023 2:22pm
Quoting sethmaingi55
Who thinks GU will hit 1.2660 tomorrow?
I am Neutral For Now Hahahaaa

But upto now its Bullish But I can say it can turn Big Time from Here
HBS - Hussain Bin Salman
  • #753,467
  • Jun 21, 2023 2:23pm Jun 21, 2023 2:23pm
Quoting sethmaingi55
Who thinks GU will hit 1.2660 tomorrow?
As far as the pound, I don't expect strength after BoE. I think 0.5 rise is out of question following cpi data, and 0.25 is gonna be interpreted as dovish. But dollar won't be too hot either, unless the unemployment claims fall. So 0.25 hike + plus fall in US unemployment would bring gbpusd to that level.
  • #753,468
  • Jun 21, 2023 2:34pm Jun 21, 2023 2:34pm
Quoting Tpttonly
{quote} I am Neutral For Now Hahahaaa But upto now its Bullish But I can say it can turn Big Time from Here
Currently I Maintain Bullish Stance
HBS - Hussain Bin Salman
  • #753,469
  • Jun 21, 2023 2:34pm Jun 21, 2023 2:34pm
Quoting Jolita
{quote} 12600 is a must, not sure how long will take to get there, but only way I see ATM. I can be wrong ofc.{image}
126 would be great but BoE tomorrow with the chances of 0.5 quite high. Let’s see. I might keep my failing shorts running until after the event let’s see where we are in the morning
Insane in the Brain..
  • #753,470
  • Jun 21, 2023 2:38pm Jun 21, 2023 2:38pm
Quoting Mitiblotch
The mad man has moved nuclear weapons to Belarus for a possible strike and he has said he'll hit some "targets in Western countries". When he does we'll find a way to still blame Biden. Afterall everybody insults him. The mad man is a saint. Why not!
Don't understand where you're coming from. Everyone knows that Russia has nukes, that's why the USA should stay the heck away from this entire situation - It's Europe's problem not the Western Hemisphere; that is until Putin nukes something.

I blame Biden for sending BILLIONS of dollars to a corrupt country to accomplish what? Ukraine can't win a war against Russia. With help there can be a standoff but to kick Russia out of Ukraine isn't going to happen anytime soon.

There should be a diplomatic solution but the USA is making too much $ off the manufacturing and sales of weapons to stop this...so sad.
But no, Putin isn't a saint.
  • #753,471
  • Jun 21, 2023 2:41pm Jun 21, 2023 2:41pm
Quoting Kwt4x
{quote} you don't need to, I'm using fib tools, so the start/end points are anchored, and that will give you precise measurements.
GREAT! Yet another Gann advocate that believes that anchored points of an indicator are going to solve the "square" issue on the chart. LOL
To free Gazans of Hamas, use whatever it takes.
  • #753,472
  • Jun 21, 2023 2:47pm Jun 21, 2023 2:47pm
Quoting Wavegarrick
{quote} Well it is speculative that he has moved nukes to Belarus because Putin is suspicious that Belarus could turn it on Russia and himself if the Ukraine invasion fails. The biggest fear is when Putin blows the Zaporizhzhia nuclear power plant which will affect the European and eastern continent as well as North Africa. Ukraine and the Eastern part of Russia. A catastrophe in the making and he has already blown up the Nova Khakovka dam which is an ecocide and humanitarian disaster which affects the biggest nuclear power plant in Europe in Zaporizhzhia....
He actually gave the speech that they have moved nuclear weapons to deter "the West". And they'll use it in case they think they'll cause "strategic defeat" to Russia. It's obvious he isn't the only one to blame, but the man is mad. Truly mad. He was in Germany as a KGB agent. He wasn't smiling there. That's a killer right there, albeit killing in the name of the State. Now he's president he still kills in the name of the State, albeit now with more power and fame. On the plus side I've heard him speak good German. He's multilingual.
  • #753,473
  • Jun 21, 2023 2:51pm Jun 21, 2023 2:51pm
Quoting fx6996
{quote} Don't understand where you're coming from. Everyone knows that Russia has nukes, that's why the USA should stay the heck away from this entire situation - It's Europe's problem not the Western Hemisphere; that is until Putin nukes something. I blame Biden for sending BILLIONS of dollars to a corrupt country to accomplish what? Ukraine can't win a war against Russia. With help there can be a standoff but to kick Russia out of Ukraine isn't going to happen anytime soon. There should be a diplomatic solution but the USA is making too much $...
With help Russia cannot win a war with Ukraine either. He is not just a saint, he is a mad man. And no, the US cannot stay out of it. Thats not how the world works. If Putin is left alone he'll turn the whole of Eastern Europe to his personal property and from there only God knows what he can do. He is a criminal.

The US kept quiet for too long and the media went against Biden and insulting him for staying away. Now he is in and you still blame him. When Putin was left alone in 2008 and 2014 he wrnt against Georgia and also against Ukraine. He murdered people and took large swathes of land. He wants to restore a dead and buried USSR. It will NOT happen.
  • #753,474
  • Jun 21, 2023 2:53pm Jun 21, 2023 2:53pm
Quoting BeeTogether
{quote} 126 would be great but BoE tomorrow with the chances of 0.5 quite high. Let’s see. I might keep my failing shorts running until after the event let’s see where we are in the morning
Possible, but I doubt, as nothing will change only shows desperation.
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  • #753,475
  • Jun 21, 2023 3:04pm Jun 21, 2023 3:04pm
Powell's testimony tomorrow;
odds increasing -
"FOMC last week raised the median forecast for the funds rate target in its dot plot to 5.6%, which implies a further +50 bp rate hike from the current effective federal funds rate of 5.07%. The markets are discounting the odds at 76% that the FOMC, at its next meeting on July 25-26, will raise its funds rate target by +25 bp, up from 74% odds late Tuesday".
  • #753,476
  • Jun 21, 2023 3:07pm Jun 21, 2023 3:07pm
Quoting BeeTogether
{quote} 126 would be great but BoE tomorrow with the chances of 0.5 quite high. Let’s see. I might keep my failing shorts running until after the event let’s see where we are in the morning
So you do your analysis and come to a conclusion that a hawksih surprise is highly likely, and with that in mind, you intend to come into the event with a short position?
  • #753,477
  • Jun 21, 2023 3:08pm Jun 21, 2023 3:08pm
Quoting Mitiblotch
{quote} He actually gave the speech that they have moved nuclear weapons to deter "the West". And they'll use it in case they think they'll cause "strategic defeat" to Russia. It's obvious he isn't the only one to blame, but the man is mad. Truly mad. He was in Germany as a KGB agent. He wasn't smiling there. That's a killer right there, albeit killing in the name of the State. Now he's president he still kills in the name of the State, albeit now with more power and fame. On the plus side I've heard him speak good German. He's multilingual.
Do you believe anything Putin says. Miti? I concur with everything else you say
As for fx6996, an attack on any European Nato state is an attack on the USA. Ukraine is defending the Nato block and the USA has to get involved. Simple,
Cheers.
Trade to trade another day
  • #753,478
  • Jun 21, 2023 3:24pm Jun 21, 2023 3:24pm
GBP Interest rates tomorrow 4.75% is priced in.

I will look 4 sells if we get 4.75% or less.

Buys if GBP interest rate > 4.75%
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #753,479
  • Jun 21, 2023 3:45pm Jun 21, 2023 3:45pm
One could make a case to try a sell below 1.2680 however there is strong weekly and monthly support just below that. Will depend I guess on rate decision
  • #753,480
  • Jun 21, 2023 4:06pm Jun 21, 2023 4:06pm
Quoting Kwt4x
{quote} my bad, I thought I was talking to a respected member not a moron, scaling the chart will not change the bars number or the price range, so what's that had to do with anything about squaring price and time ? I know now that you don't have a brain to think with, I hope you have eyes to see with, although I doubt it. {image}
scaling the chart will not change the bars number or the price range, so what's that had to do with anything about squaring price and time ?
WOW! The more you talk, the more you expose your unbelievable ignorance of the BASIS that Gann presented for squaring price and time. But it's clear now that you'll continue blissfully along in your ignorance.

I hope you have a shipload of luck to cover for your ignorance.
To free Gazans of Hamas, use whatever it takes.
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