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Cable Update (GBPUSD)

  • #753,841
  • Jun 23, 2023 12:23am Jun 23, 2023 12:23am
Quoting Whale
{quote} End of Q2.. week from now.
exactly Whale, maybe 256x today? Will see
GU likes 200 pips like EU 100, long time no see
People don't plan to lose. They lose because they don't plan.
  • #753,842
  • Jun 23, 2023 12:24am Jun 23, 2023 12:24am
Quoting ScalaFX
{quote} exactly Whale, maybe 256x today? Will see
ok..
Wanna bet?
  • #753,843
  • Jun 23, 2023 12:30am Jun 23, 2023 12:30am
Quoting Whale
{quote} ok.. Wanna bet?
bet we can in the casino, this is only my projections, please share yours and we will be fine, when your be better, I take hat from my head
People don't plan to lose. They lose because they don't plan.
  • #753,844
  • Jun 23, 2023 12:33am Jun 23, 2023 12:33am
Quoting ScalaFX
{quote} bet we can in the casino, this is only my projections, please share yours and we will be fine, when your be better, I take hat from my head
I already share it.
1. It could range for days before it slide Down and than up to 1.29 area.
2. Not necessarily price need a discount level base on HTF
3. where is your real short? I see you are always adding, I can’t follow
4. my long 1.277 ( impulsive trade over news time) so it kind of 100 pips risk 100 pips reward
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  • #753,845
  • Jun 23, 2023 12:36am Jun 23, 2023 12:36am
Quoting dantpm
A drop below 1.269 would catch stop losses set at Wed. low. Might be a reason to reverse.
yes, 2695 to 2800 could happen today or drop below 2695.

Any case watch 2695 carefully. This is s1.

The abjective of pound news event is s1 which is achieved.
Intraday only.
  • #753,846
  • Jun 23, 2023 12:37am Jun 23, 2023 12:37am
if gu can past that obstruction bar...look out below matey!!!
  • #753,847
  • Jun 23, 2023 12:46am Jun 23, 2023 12:46am
Quoting ninner
if gu can past that obstruction bar...look out below matey!!!
your signature… don’t be an ass.
you can argue or disagree about everything but don’t act like that.
  • #753,848
  • Jun 23, 2023 12:47am Jun 23, 2023 12:47am
Quoting scalafx
{quote} don, till now we are only up but hiting the last high price taken buyside lq, now is time to take from another side, i expect first 1.22x but after some pullback price can retrace to 38 or 50% fib zone, will last high is not broken i expect decent drop at gu {image}
I REMOVE ALL MY LEVELS SO YOU WONT GET CONFUSE
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MY OPINION NOT FINANCIAL ADVISE
  • #753,849
  • Jun 23, 2023 12:48am Jun 23, 2023 12:48am
The pound has a strong dependence on the Euro and DXY, so after hitting the FIBONACCI S2 at 1.2698, it has returned and is waiting for the reaction of the Euro and the DXY index at 1.270, the Euro will reach the demand area by another 20 pip. The DXY indicator is in the supply zone. TF H1
The first and last principle in trading is capital management
Mr.nazari Pips Today: na
  • #753,850
  • Jun 23, 2023 12:52am Jun 23, 2023 12:52am
Gold to fall more (USD to appreciate), so finally below 1.27 we go today. Gap on Gold at 1870$. This will mark the move up on GBP/USD as well in my opinion.

Fardeen1209, sharing the chart today. See you later! Good morning all.
  • #753,851
  • Jun 23, 2023 1:01am Jun 23, 2023 1:01am
Quoting ninner
{quote} skankmonkey, this is why i am sucessful!!! The market is the ruler!!!
Ninner well done on the excellent performance! Can you share the chart, so I can see what you are looking at when you open the trade? Just want to learn from the best of the best! Thank you! Hopefully my comment will be noticed and will be worthy of your reply.
  • #753,852
  • Jun 23, 2023 1:04am Jun 23, 2023 1:04am
Attached Image (click to enlarge)
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yes yes yes
  • #753,853
  • Jun 23, 2023 1:24am Jun 23, 2023 1:24am
Quoting donfriday
{quote} I REMOVE ALL MY LEVELS SO YOU WONT GET CONFUSE {image}
when monthly close like that I agree with you, but we can one more week that could change everything. Nice alaysis Don
People don't plan to lose. They lose because they don't plan.
  • #753,854
  • Jun 23, 2023 1:27am Jun 23, 2023 1:27am
Quoting Whale
{quote} I already share it. 1. It could range for days before it slide Down and than up to 1.29 area. 2. Not necessarily price need a discount level base on HTF 3. where is your real short? I see you are always adding, I can’t follow 4. my long 1.277 ( impulsive trade over news time) so it kind of 100 pips risk 100 pips reward {image}
yeah, most agree with you but in my opinion bulls dont have power to broke higher levels, must gain some power, GU always walking both ways, Im shorting from 2825, 2800, 2775, 2774, and 2765, rest closed yesterday and this positions also taken half rest protected becouse Im going on vacation today so set and forget, I wish you profit from your longs, market decide soon after the news where want to go
People don't plan to lose. They lose because they don't plan.
  • #753,855
  • Jun 23, 2023 1:28am Jun 23, 2023 1:28am
Quoting ScalaFX
{quote} when monthly close like that I agree with you, but we can one more week that could change everything. Nice alaysis Don
We are no longer in downtrend on Weekly chart is what I'm seeing. Price broke through 1.268 back then and now this line actually acts as Support. Just my opinion. Fundamentally, GBP should start appreciating against USD in view of that there is still no sign of recession and Bailey stated that they are nowhere near done hiking while Fed just paused for now.
  • #753,856
  • Jun 23, 2023 1:31am Jun 23, 2023 1:31am
Quoting ScalaFX
{quote} yeah, most agree with you but in my opinion bulls dont have power to broke higher levels, must gain some power, GU always walking both ways, Im shorting from 2825, 2800, 2775, 2774, and 2765, rest closed yesterday and this positions also taken half rest protected becouse Im going on vacation today so set and forget, I wish you profit from your longs, market decide soon after the news where want to go
Might be the MMs that move price higher and not the bulls. That news spike yesterday was very unusual and cleaned out a lot of stop losses providing liquidity for MMs. If they are looking for new liquidity where do they go to get it? They have to do something to draw people in or look outside the range. Todays drop is looking outside the bottom of the range. What is next?
  • #753,857
  • Jun 23, 2023 1:31am Jun 23, 2023 1:31am
Quoting tradexyz
waiting for 1.2700 {image}watch p/a stop loss below 1.2690 ...
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  • #753,858
  • Jun 23, 2023 1:33am Jun 23, 2023 1:33am
Quoting TheWraith
{quote} We are no longer in downtrend on Weekly chart is what I'm seeing. Price broke through 1.268 back then and now this line actually acts as Support. Just my opinion. Fundamentally, GBP should start appreciating against USD in view of that there is still no sign of recession and Bailey stated that they are nowhere near done hiking while Fed just paused for now.
for me price taken 61% from last swing short from the bottom, thats means to me correction phase is over and we are starting continuation of the trend... but... when price arrive 1.23 1.22 or lower than can stick to new long trend making correction too only 38 fibo or 50, letss see what is in cards
People don't plan to lose. They lose because they don't plan.
  • #753,859
  • Jun 23, 2023 1:36am Jun 23, 2023 1:36am
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yes yes yes
  • #753,860
  • Jun 23, 2023 1:37am Jun 23, 2023 1:37am
Quoting dantpm
{quote} Might be the MMs that move price higher and not the bulls. That news spike yesterday was very unusual and cleaned out a lot of stop losses providing liquidity for MMs. If they are looking for new liquidity where do they go to get it? They have to do something to draw people in or look outside the range. Todays drop is looking outside the bottom of the range. What is next?
thats why Im talking from some time about decent drop on GU, for me this is pure fake pumping. Gbp is shot now, in country is chaos and economy sucks, I think this is just started do thats why I seeing GU much much lower, last time also price tricked me and Im started shorting to early but now I think I have the right timing, lets see
People don't plan to lose. They lose because they don't plan.
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