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Cable Update (GBPUSD)

  • #758,101
  • Jul 13, 2023 3:44am Jul 13, 2023 3:44am
im waiting for GU to fall hard. Counting...
  • #758,102
  • Jul 13, 2023 3:46am Jul 13, 2023 3:46am
Quoting pipfarm
{quote} Might help if you u can mention the TF GN 15M just filled the gap @ 20545 so probably will come down to fill the gap on the short side CADCHF H1 looks ok for the short side , after a minor pB

Thanks for your observation. I am not risking much... yet taking 86 pips
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  • #758,103
  • Jul 13, 2023 3:47am Jul 13, 2023 3:47am
...no upside fibs of longer-term swing hi's down to 0327 swing lo moves until 3124, then 3254.

Dly R2 and bottom of that prev minor dly sw hi zone 3060/65-3090 = prev res = pot res reached @ current dly hi.
Trader with an Edge.
  • #758,104
  • Jul 13, 2023 3:48am Jul 13, 2023 3:48am
Quoting BigNumbers
I just went long on GBPNZD and short on CADCHF

CADCHF
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  • #758,105
  • Jul 13, 2023 3:54am Jul 13, 2023 3:54am
There is no logic to this movement. DO NOT BE FOOLED.
I do not see any correction until the US data in couple of hours.
If the data is good, God save the Queen.
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  • #758,106
  • Jul 13, 2023 3:55am Jul 13, 2023 3:55am
Quoting Moty
{image}
this time for real
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #758,107
  • Jul 13, 2023 3:58am Jul 13, 2023 3:58am
Can everyone on the charts can look at DXY for ONE time and see are there any chances of its Reversal? using the best charting tools everyone has?
  • #758,108
  • Edited 4:26am Jul 13, 2023 4:15am | Edited 4:26am
Quoting mastermind7x
Can everyone on the charts can look at DXY for ONE time and see are there any chances of its Reversal? using the best charting tools everyone has?
Hi, judging by that question and the questions you have asked in your last few posts, (what's the atr/where is the supp/res,) i. You don't know enough about the instrument you are trading, ii. You sound as if you are caught long, and iii. No one here or anywhere else can tell you for an absolute certainty. Technically, on a quick look, (it's not an instrument I trade and I rarely look at it,) I see regular bullish divergence on 1hr, and 4hr has been long 'oversold, but Dly is not yet,' -but- it's in a strong downtrend. Fundamentally though it is the Fed's (at least implicit policy) to weaken the $. Good luck, and do more research/be better prepared when trading an instrument (s.)
Trader with an Edge.
  • #758,109
  • Jul 13, 2023 4:16am Jul 13, 2023 4:16am
Quoting Moty
You shell not drop below 100 mf {image}
Come on
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yes yes yes
  • #758,110
  • Jul 13, 2023 4:28am Jul 13, 2023 4:28am
Vast majority of retail is short Cable and Euro.
Do you really expect big institutional traders and broker-dealers will start selling now, so everyone can make money? How would they make money if everyone else is in profit? They HAVE to push prices higher to stop-out as many as possible, and only then price will drop!

Good luck
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Price = the amount a greater fool is willing to pay!
  • #758,111
  • Jul 13, 2023 4:28am Jul 13, 2023 4:28am
Quoting Bella.al
{quote} well , sl is hit -24 pips
Now it is time to relax and just watching the chart and do some further coding as i progress.. perhaps something after 1:00 PM GMT.
i really need some more samples from market until i bring out Blue's v1.7G

Enabled Floor Pivots , Currently at R2

Bella's Blue ( beta v1.7F )
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Goddess of Thunder..
  • #758,112
  • Jul 13, 2023 4:33am Jul 13, 2023 4:33am
Quoting Pip-hunter
Vast majority of retail is short Cable and Euro. Do you really expect big institutional traders and broker-dealers will start selling now, so everyone can make money? How would they make money if everyone else is in profit? They HAVE to push prices higher to stop-out as many as possible, and only then price will drop! Good luck {image}
Hi, wow! - they don't call it 'dumb money' for nothing, -or- maybe they know something we don't!? Traders on this site a little 'savvier' maybe,? as
only 63% short currently!
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Trader with an Edge.
  • #758,113
  • Jul 13, 2023 4:34am Jul 13, 2023 4:34am
Quoting Bella.al
{quote} Now it is time to relax and just watching the chart and do some further coding as i progress.. perhaps something after 1:00 PM GMT. i really need some more samples from market until i bring out Blue's v1.7G Enabled Floor Pivots , Currently at R2 Bella's Blue ( beta v1.7F ) {image}
Your trend direction says short? In what world is the trend short?
  • #758,114
  • Jul 13, 2023 4:37am Jul 13, 2023 4:37am
@Moty ... DXY bottommed out?
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  • #758,115
  • Jul 13, 2023 4:40am Jul 13, 2023 4:40am
Quoting Scotteyy
{quote} Your trend direction says short? In what world is the trend short?
Watch out for the new york session i think that is where the shorts will start
  • #758,116
  • Jul 13, 2023 4:40am Jul 13, 2023 4:40am
... 85% 30day adr reached, Y/day's hi +61.8% reached, Dly R2 reached, 156% 13wk awr reached, 84% 6mth amr reached.
Trader with an Edge.
  • #758,117
  • Jul 13, 2023 4:41am Jul 13, 2023 4:41am
Quoting GeePee
@Moty ... DXY bottommed out? {image}

Where has it bottomed out, H1 came out of a nice correction indicating further move to the down side
Follow The Markets Structure - Patience and Discipline
  • #758,118
  • Jul 13, 2023 4:41am Jul 13, 2023 4:41am
In that case it looks up is the way lol
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Insane in the Brain..
  • #758,119
  • Jul 13, 2023 4:44am Jul 13, 2023 4:44am
GU

5 micro waves up on m15 coming out of H1 correction

nearly plus 50 , might take a partial for now
Follow The Markets Structure - Patience and Discipline
  • #758,120
  • Jul 13, 2023 4:45am Jul 13, 2023 4:45am
Quoting Headland
{quote} Hi, wow! - they don't call it 'dumb money' for nothing, -or- maybe they know something we don't!? Traders on this site a little 'savvier' maybe,? as only 63% short currently! {image}
Look at the number of traders, that sample is waaay too small to represent the actual situation.
Here the positioning of IG one of the biggest brokers out there:
Again, 70% jumped the gun and shorted. Now their books are full of shorts? How do you make money in this case? Yes push prices higher, stop a bunch of people, take the cash, easy life.
Ohhh look we made a new high, what a surprise...
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Price = the amount a greater fool is willing to pay!
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