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Cable Update (GBPUSD)

  • #754,001
  • Jun 23, 2023 8:56am Jun 23, 2023 8:56am
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yes yes yes
  • #754,002
  • Jun 23, 2023 9:07am Jun 23, 2023 9:07am
Personally, I've never understood why PMI's have such an impact on the markets. Isnt it really just a glorified survey?

Anyway, I'm still holding longs on GBP/JPY from the BOE - its hard enough getting a good entry on the dragon - plus the swap rate is rather tasty.
  • #754,003
  • Jun 23, 2023 9:08am Jun 23, 2023 9:08am
The bulls appear to be defending 1.2700 area and if they have their ways , I remain bullish on the cable. I need to get the presence of the bulls reasonably confirmed before riding the plane northward
With patience and discipline,you move beyond the sky
  • #754,004
  • Jun 23, 2023 9:12am Jun 23, 2023 9:12am
On another note, although it applies more to equitys, I wouldnt be surprised if markets rise on 'bad' economic news. It reduces the pricing in of rate hikes + even prices in potential rate cuts - although they're a long way of.
  • #754,005
  • Jun 23, 2023 9:21am Jun 23, 2023 9:21am
Choppy PA, the RN 1.27 providing support right now.
as i said today's morning, i believe we are in a complex wave.
1.265-1.285 and inner support and resistance 1.27-1.28
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  • #754,006
  • Jun 23, 2023 9:22am Jun 23, 2023 9:22am
though noi enough time have passed after news but looks all negatives should do any further changes ,. so follow standard pa . same as before , test 2679 limit and targets for down . starts with h1 and h4 close below 2700 and 2694 !! take care still
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #754,007
  • Jun 23, 2023 9:22am Jun 23, 2023 9:22am
Quoting TheForexDen
{quote} Hey Pat, What broker are you using? Nice comm level at $3 a lot.
Not going to promote borker here.

As you mmust;ve know that you can negotiate the terms of your trading account with any broker, including leverage, commission, spread, and other perks.
I use multiple brokers with different accounts, some of which are ECN, some are swap-free, and some offer positive swap.

The terms and conditions of your account can be negotiated, so be sure to let the broker know who you are and what you're looking for.
There are many "regulated" brokers who are looking for your business, so don't be afraid to shop around and find the best deal.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #754,008
  • Jun 23, 2023 9:24am Jun 23, 2023 9:24am
My stop hit, out for the day.

Today, I gave it to market.

Bad.
Intraday only.
  • #754,009
  • Jun 23, 2023 9:24am Jun 23, 2023 9:24am
Quoting tiborf71
EUR/GBP long.0.85512 sl.0.85180
he approached a seemingly more important pre-resistance..
close.0.85734
  • #754,010
  • Jun 23, 2023 9:27am Jun 23, 2023 9:27am
Quoting thevisitor
{quote} Sl positive
Out.
Have a great weekend
  • #754,011
  • Jun 23, 2023 9:30am Jun 23, 2023 9:30am
Quoting biodunola07
The bulls appear to be defending 1.2700 area and if they have their ways , I remain bullish on the cable. I need to get the presence of the bulls reasonably confirmed before riding the plane northward
I fail to understand how you can see bullish sentiment when it is clear that H2 has made a RALLY to H4 and is continuing down, which is expected to take H4 even further down and deepen the swing down on D1.
To free Gazans of Hamas, use whatever it takes.
  • #754,012
  • Jun 23, 2023 9:32am Jun 23, 2023 9:32am
Quoting Orangeapple
Personally, I've never understood why PMI's have such an impact on the markets. Isnt it really just a glorified survey? Anyway, I'm still holding longs on GBP/JPY from the BOE - its hard enough getting a good entry on the dragon - plus the swap rate is rather tasty.
PMI garners more attention than any other economic release other than the monthly employment report. It is a leading indicator that depicts the general state of manufacturing and services sectors and of larger economy, but in a broad strokes. So the PMI by the S&P doesn't move the markets much. The ISM's PMIs are much more important because of the sub indices that are provided. Price index is the one that recieves most attention as it reflects price inflation, and is released way before PPI (it's closely related to PPI). There are other sub-indices that can be used as accurate leading indicators.
  • #754,013
  • Jun 23, 2023 9:33am Jun 23, 2023 9:33am
Quoting Bella.al
New Position Long GBPUSD:1.27114 S/L:1.26873 T/P (max) : 1.30002 Bella's Blue (beta v1.6 b) {image}

Current Rate :1.27080

Bella's Support : 1.26914 is still protecting my order. waiting for an update

Bella's Blue ( beta v1.6.b )
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Goddess of Thunder..
  • #754,014
  • Jun 23, 2023 9:34am Jun 23, 2023 9:34am
if the price breaks the 1.26805 level, the hopes of the bulls will end.
long.1.27104
sl. 1.26750
  • #754,015
  • Jun 23, 2023 9:34am Jun 23, 2023 9:34am
Quoting navk
My stop hit, out for the day. Today, I gave it to market. Bad.
Trading is sometimes like that, it cannot be wins all the time . There are times market humbles traders no matter the level of trading experience. He who fights and retreats live to fight the other time. Take care sir
With patience and discipline,you move beyond the sky
  • #754,016
  • Jun 23, 2023 9:35am Jun 23, 2023 9:35am
Looking to short this when sets-up
Don't trade what you think. Just what you see!!!
  • #754,017
  • Jun 23, 2023 9:39am Jun 23, 2023 9:39am
No trades for me today, +27pips this week on eu.
Gu not doing much as expected
Onto next week.
  • #754,018
  • Jun 23, 2023 9:39am Jun 23, 2023 9:39am
I'm trading other instruments atm but I took a cursory look at G/U - if I had to trade it, I would trade the channel and expect some increases. Prob next week though.

Excuse the terrible drawing, my sisters the artist not me.
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  • #754,019
  • Jun 23, 2023 9:43am Jun 23, 2023 9:43am
Whipsaw both sides, being humbled by the market again.
on a postive roll...
  • #754,020
  • Jun 23, 2023 9:43am Jun 23, 2023 9:43am
Quoting DrDave
{quote} I fail to understand how you can see bullish sentiment when it is clear that H2 has made a RALLY to H4 and is continuing down, which is expected to take H4 even further down and deepen the swing down on D1.
nos, az ár a trendcsatorna alján van, ami nagyon közel van egy feltételezett erős támasz szinthez. így van remény a bikákra.
H1.
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