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Cable Update (GBPUSD)

  • #754,781
  • Jun 29, 2023 12:50am Jun 29, 2023 12:50am
As long as GU stays above 1.26021 a buy is valid, i maybe wrong
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  • #754,782
  • Jun 29, 2023 12:52am Jun 29, 2023 12:52am
Quoting Bella.al
{quote} To revise my situation , i am currently having a bad month -101 pips due to some errors in the program and trading while the system is still in development. i don't have anything against it , draw down can happen without any errors or development , Question is how bad it is. ( which is not bad ) . I only trade the GBPUSD. ( current beta version v1.6 c - target is beta v.2.0 where system is ready to trade ) Now, this is the last trade of the month (revising the order) and i hope this will decrease some draw down before it ends. Running position...
As previously stated 1.26018 is the strong support using hourly chart and should be taken out by bears.


I am coming for your stops Bulls, you like it or you don't like it
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Goddess of Thunder..
  • #754,783
  • Jun 29, 2023 12:59am Jun 29, 2023 12:59am
Quoting Ferna
{quote} I’m more interested in the technical aspects, mechanisms and consequences. Like Ueda said: this is basically issuing a new currency. If a new currency is issued one got to ask: what will happen to the old?
From what I've read, is the new money(CBDCs) is an additional money but not a substitute.
This could be seen as a new form of injection (money supply) in terms of CBDCs.
The existing money need to be injected by bond issuance. Idk how exactly CBs will issue the new CBDCs,like with what it will be backed.
Might depreciate the currency value on external market.
More time in the market, does not mean you trade better!
  • #754,784
  • Jun 29, 2023 1:00am Jun 29, 2023 1:00am
Quoting LitEU
As long as GU stays above 1.26021 a buy is valid, i maybe wrong {image}
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  • #754,785
  • Jun 29, 2023 1:08am Jun 29, 2023 1:08am
GU

H1 correction still in play , looks like we are going up for a while before possibly dropping in line with H4/D1
Follow The Markets Structure - Patience and Discipline
  • #754,786
  • Jun 29, 2023 1:39am Jun 29, 2023 1:39am
Quoting pipfarm
GU H1 correction still in play , looks like we are going up for a while before possibly dropping in line with H4/D1
Current move on H1 has one leg up three legs down , it may drop below the first leg up but still suggests a move up to complete H1 correction or possibly move into a 4H correction

Time will tell , then will no what to do
Follow The Markets Structure - Patience and Discipline
  • #754,787
  • Jun 29, 2023 1:48am Jun 29, 2023 1:48am
Im going to be aggressive on that.
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  • #754,788
  • Jun 29, 2023 1:54am Jun 29, 2023 1:54am
Quoting Whale
Im going to be aggressive on that. {image}
I love the setup in eurcad
  • #754,789
  • Jun 29, 2023 1:59am Jun 29, 2023 1:59am
Quoting Bella.al
{quote} As previously stated 1.26018 is the strong support using hourly chart and should be taken out by bears. I am coming for your stops Bulls, you like it or you don't like it {image}

please stop with this madness.
How to succeed in zero sum game?
  • #754,790
  • Jun 29, 2023 2:06am Jun 29, 2023 2:06am
Quoting ninner
{quote} I love the setup in eurcad

Which is?
Follow The Markets Structure - Patience and Discipline
  • #754,791
  • Jun 29, 2023 2:08am Jun 29, 2023 2:08am
Quoting dempire1
{quote} please stop with this madness.
he is a kid with charm.
let him play, don’t forget to switch GMT toggle
  • #754,792
  • Jun 29, 2023 2:10am Jun 29, 2023 2:10am
G/M, big >30day adr bearish engulf thrust candle on dly y/day, making a 1st LL (not fractal yet) below the L of 2684. Perhaps the double top (2847 and the retest @ 2834) was the clue for further downside? 50% of the 2368-2848 (current yrly hi) move caught the lo y/day. Asian session was down then a pullback and early London is attempting to extend that p/back. No Asian session b/o yet, but at least the recent 1hr/4hr range decisively broke (to the downside) y/day.

1hr below
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Trader with an Edge.
  • #754,793
  • Jun 29, 2023 2:10am Jun 29, 2023 2:10am
Still selling this one - we'll see - some news out today.
  • #754,794
  • Jun 29, 2023 2:11am Jun 29, 2023 2:11am
Quoting Whale
{quote} he is a kid with charm. late him play, don’t forget to switch GMT toggle
How to succeed in zero sum game?
  • #754,795
  • Jun 29, 2023 2:14am Jun 29, 2023 2:14am
Quoting Whale
Im going to be aggressive on that. {image}
Interesting, 12750?
Be careful, I think drop might continue to 125-ish.
Chart is looking bearish - possibility could reach 12666 - 4hr EMA100, then to - 4 hr 12597 EMA 200, could be a temporary bounce back.
Weekly is bearish over 50% retracement from previous bullish candle. Sell instead imo.
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All the best
  • #754,796
  • Jun 29, 2023 2:17am Jun 29, 2023 2:17am
Quoting Whale
{quote} he is a kid with charm. let him play, don’t forget to switch GMT toggle
Pretty sure Bella is a she but hey I could be wrong.
  • #754,797
  • Jun 29, 2023 2:18am Jun 29, 2023 2:18am
Quoting pipfarm
{quote} Current move on H1 has one leg up three legs down , it may drop below the first leg up but still suggests a move up to complete H1 correction or possibly move into a 4H correction Time will tell , then will no what to do
Gold looks like the same set up as GU
Follow The Markets Structure - Patience and Discipline
  • #754,798
  • Jun 29, 2023 2:19am Jun 29, 2023 2:19am
Out of short..
My telegram: https://t.me/avidforex
  • #754,799
  • Jun 29, 2023 2:19am Jun 29, 2023 2:19am
Quoting Jolita
{quote} Interesting, 12750? Be careful, I think drop might continue to 125-ish. Chart is looking bearish - possibility could reach 12666 - 4hr EMA100, then to - 4 hr 12597 EMA 200, could be a temporary bounce back. Weekly is bearish over 50% retracement from previous bullish candle. Sell instead imo.{image} All the best
I based my trade on dxy and GU weekly chart
im taking into calculating the month is ending.


im just a gambler with risk management
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  • #754,800
  • Jun 29, 2023 2:21am Jun 29, 2023 2:21am
...dly is still in a 'general uptrend' but you will see the fractal swings - starting @ current yrly hi/trend hi are HH, HL, LH, L, LH, and what will be a LL when it forms @ y/day's2606 lo, or lower.

dly below
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Trader with an Edge.
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