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Cable Update (GBPUSD)

  • #754,501
  • Jun 27, 2023 9:48am Jun 27, 2023 9:48am
Quoting Fardeen1209
{quote} With which pair you hedge sir?
many, EU and indices, trades all over the shop, one massive averaging trade...
  • #754,502
  • Jun 27, 2023 9:54am Jun 27, 2023 9:54am
Gold H4/D1 are now in full alignment for shorts it is just a case of waiting for an H1 correction

USDJPY H4/D1 in alignment for longs with the last H1 correction moving back into H4/D1
Follow The Markets Structure - Patience and Discipline
  • #754,503
  • Jun 27, 2023 9:56am Jun 27, 2023 9:56am
Quoting ScalaFX
{quote} Good, patience is the key, I think 2 or 3 weeks and we will be at 1.226x minimum but I dont know where is your BE, targeting 1.20x
the H1 timeframe is scalper heaven.
  • #754,504
  • Jun 27, 2023 9:59am Jun 27, 2023 9:59am
Hoping GU H4/D1 move back into alignment for shorts , current price action no good for traders.

H1 extremely messy at the moment hence a lot of confusion for traders
Follow The Markets Structure - Patience and Discipline
  • #754,505
  • Edited 10:26am Jun 27, 2023 10:03am | Edited 10:26am
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missed drop to 1.2711 now stuck what todo ... lol close @ B/E another day wasted...
GBPUSD - SHORT; SELL it right here!
  • #754,506
  • Jun 27, 2023 10:30am Jun 27, 2023 10:30am
cleaning chart..closing all trades..better start again at asian..
  • #754,507
  • Jun 27, 2023 10:34am Jun 27, 2023 10:34am
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yes yes yes
  • #754,508
  • Jun 27, 2023 10:40am Jun 27, 2023 10:40am
Quoting tiborf71
if the price breaks the 1.26805 level, the hopes of the bulls will end. long.1.27104 sl. 1.26750
close.1,27501
  • #754,509
  • Jun 27, 2023 11:06am Jun 27, 2023 11:06am
Quoting eyefeelsix
{quote} Hi Pat thanks for kind words, menyentuh hati here's myCable Updated for potential wave4 on H4 timeframe {image}

careful sellers the fifth is not finished yet

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https://breakpullback.com
  • #754,510
  • Jun 27, 2023 11:29am Jun 27, 2023 11:29am
Quoting navk
{quote} yes, the only money i made..is in asia + Frankfurt. London & NY are choppy and waste. All pairs consolidating. Having said, I am happy with asia trades. The GU price consolidating for a bullish move I guess. I am only scalping when a chance comes...for 10 pips or so.. This is one of my strategy. When I made money in a particular day in asia or London open, I use that cushion ( profit ) to scalp aggressovely..using TMA band using daily candle direction. {image}
Yes, London session as well as NY session completely mess.

Not suitable for trend trading.

Suitable for scalping only which I did to add to my tally.
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Intraday only.
  • #754,511
  • Jun 27, 2023 11:33am Jun 27, 2023 11:33am
Quoting IgorGG
Coming into Tuesday with a bullish GBP bias, but it's going to be a mad day considering all the economic releases. The thing that sticks out to me is the consensus on consumer confidence. It is expected to come in higher than the previous report, which doesn't make sense to me because unemployment has been rising and the full report on orders showed both current and future demand slowing down. The good thing is that we get another insight into durable goods orders, which could confirm my expectations. Also, I've got a dilemma with Canadian CPI;...
Really strong consumer confidence spoiled the rally I was hoping for, but it was a bullish day nonetheless, as expected. Softer print in Canada's CPI means we could get a softer print in the US CPI as well, and optimistic economic data means that the recession could be avoided. Risk is on for now, so I'm staying long GBPUSD until Friday's PCE.
  • #754,512
  • Jun 27, 2023 12:39pm Jun 27, 2023 12:39pm
GU

Today, GBP/USD is setting up nicely for trend trading.

London provided an excellent opportunity for bulls to load up on positions at the demand zone.
The market then pulled back to the Tokyo demand/FVG zone, where the structure remained intact, providing bulls with another chance to enter or add to their positions.

Tokyo saw a break of the structure, confirming that the trend is continuing.
This is a beautiful day to trade, and it is likely to be a very profitable day for traders who are taking long positions.

The DJIA Dollah Index (DJIA) has completed Wave C of its decline, signaling that the downward trajectory is likely to continue.
Wave C is the final wave in a corrective pattern, and its completion typically signals a resumption of the trend.
In the case of the Dollah Index, the trend is down, so the completion of Wave C suggests that the dollar is likely to continue to weaken.

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I come from the future.
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  • #754,513
  • Jun 27, 2023 12:43pm Jun 27, 2023 12:43pm
Quoting eyefeelsix
{quote} careful sellers the fifth is not finished yet {image}
Hey Bro

Nice chart.
Can you please switch on the light.

I'm an old man. Can't see in the dark.
Thank You
I come from the future.
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  • #754,514
  • Jun 27, 2023 12:57pm Jun 27, 2023 12:57pm
Quoting T721
{quote} Lmao now let me see sell side EU next few days
EU

Thanks for sharing your idea.
As a learner, I'd like to know which zone you're referring to as Sell Side Liquidity (SSL)?
And why do you think selling on the sell side will happen in the next few days?

Am I missing any fundamental factors that could cause the price to reverse?
I don't see any major EUR news that could impact this pair besides US Unemployment Claims.

Please share your thought process so I can learn something new.

Thank You

PAT
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #754,515
  • Jun 27, 2023 1:02pm Jun 27, 2023 1:02pm
Quoting Pat Chiko
{quote} EU Thanks for sharing your idea. As a learner, I'd like to know which zone you're referring to as Sell Side Liquidity (SSL)? And why do you think selling on the sell side will happen in the next few days? Am I missing any fundamental factors that could cause the price to reverse? I don't see any major EUR news that could impact this pair besides US Unemployment Claims. Please share your thought process so I can learn something new. Thank You PAT{image}
If my opinion is interesting, then the turnover will be colossal. This is due to the news in the global market. I think my analysis will be useful to everyone. You can look at this
My market analysis
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Watch me trade Live on YouTube
  • #754,516
  • Jun 27, 2023 1:02pm Jun 27, 2023 1:02pm
Another strange day, 2 sets of red data that should have helped USD in fact did nothing instead we are closing above 12750 a previous resistance area.
Insane in the Brain..
  • #754,517
  • Jun 27, 2023 1:06pm Jun 27, 2023 1:06pm
Quoting Pat Chiko
{quote} EU Thanks for sharing your idea. As a learner, I'd like to know which zone you're referring to as Sell Side Liquidity (SSL)? And why do you think selling on the sell side will happen in the next few days? Am I missing any fundamental factors that could cause the price to reverse? I don't see any major EUR news that could impact this pair besides US Unemployment Claims. Please share your thought process so I can learn something new. Thank You PAT{image}
Looking for a Liquidity grab tomorrow then down. above where you have target 1 i am wrong and will GTFO and re-analyse. This isnt based on fundies and like i say i could very well be wrong. exited my long trades a little bit early @10956 so i am using those profits on this trade
  • #754,518
  • Jun 27, 2023 1:10pm Jun 27, 2023 1:10pm
Quoting Ferna
{quote} Thank u Chiko! wish i saw this earlier and read up about it. Often one is caught up with managing current trades and many charts. Will have to look at it after market closes. I wondered what caused that AUD strength, proably this explains some of it?
Two things that price does:
1. It runs to liquidity (either buy stop liquidity above old highs or sell stop liquidity below old lows)
2. It runs to an area of inefficiency in the sense that it wants to rebalance.

You can find those in your chart.
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I come from the future.
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  • #754,519
  • Jun 27, 2023 1:12pm Jun 27, 2023 1:12pm
Quoting Pat Chiko
{quote} Two things that price does: 1. It runs to liquidity (either buy stop liquidity above old highs or sell stop liquidity below old lows) 2. It runs to an area of inefficiency in the sense that it wants to rebalance. You can find those in your chart.{image}
A good example is USD/CAD today. look at yesterdays daily candle --- took liquidity today and boom, some easy pips -- first resistance @13224
  • #754,520
  • Edited 1:44pm Jun 27, 2023 1:17pm | Edited 1:44pm
Quoting T721
{quote} Looking for a Liquidity grab tomorrow then down. above where you have target 1 i am wrong and will GTFO and re-analyse. This isnt based on fundies and like i say i could very well be wrong. exited my long trades a little bit early @10956 so i am using those profits on this trade
Thanks Bro.
Appreciate your answer and comment.

Getting it right is secondary. Don't worry about that.
The most important and crucial element in trading is analyzing the market before making any commitment to take a trade.
With good preparation, the execution of the trade will be swift and efficient.

If our analysis is correct, we can enjoy the ride.
If not, we will be stopped out (red card and get thrown out of the game).
We can then reevaluate the setup and re-enter the market after getting those setups in order.

Keep up the good work!
We learn from each other.
What's important is the process, not whether we are right or wrong.

Take care!

PAT Chiko
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I come from the future.
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