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Cable Update (GBPUSD)

  • #828,041
  • Jun 3, 2024 2:46pm Jun 3, 2024 2:46pm
Quoting Mitiblotch
The final kicks of a dying horse. {image}
I do hope so but if more usd news is bad then I feel it can keep going. Something has to save the $ and even with good news the $ can still go down.
  • #828,042
  • Jun 3, 2024 2:49pm Jun 3, 2024 2:49pm
Quoting Waveskierrob
SHORT GU 1.2782, no sl tp HELL...
Yes, but we will have to wait for few days to see profit.
I hope you have time.
  • #828,043
  • Jun 3, 2024 2:52pm Jun 3, 2024 2:52pm
Just hope we are within 100 pips of a top still have 4 days this weeks of potentially having usd shit the bed every day.
  • #828,044
  • Jun 3, 2024 2:53pm Jun 3, 2024 2:53pm
Quoting SmallGains
{quote} I do hope so but if more usd news is bad then I feel it can keep going. Something has to save the $ and even with good news the $ can still go down.
News don't save nothing. Price can ignore all that and do the unthinkable.

NB: Asians buy high and sell low. They might continue the buys tonight.
  • #828,045
  • Jun 3, 2024 2:57pm Jun 3, 2024 2:57pm
Quoting Coreg2004
{quote} Waveski, based on Jesse's method the short trade should be entered between 1.2853-1.2873.
I can ride it out til 1.3000 if need be....patience my top card...
  • #828,046
  • Jun 3, 2024 3:11pm Jun 3, 2024 3:11pm
i think tomorrow will be short.
  • #828,047
  • Jun 3, 2024 3:13pm Jun 3, 2024 3:13pm
Quoting Coreg2004
{quote} Waveski, based on Jesse's method the short trade should be entered between 1.2853-1.2873.
I have a signal around 1.2815
  • #828,048
  • Jun 3, 2024 3:19pm Jun 3, 2024 3:19pm
Quoting Mitiblotch
{quote} News don't save nothing. Price can ignore all that and do the unthinkable. NB: Asians buy high and sell low. They might continue the buys tonight.
True guess we just wait to see how bad its going to get. Most people seems pumped about high numbers for it. So hopefully someone is making money.
  • #828,049
  • Jun 3, 2024 3:20pm Jun 3, 2024 3:20pm
Quoting viktoriaxz
i think tomorrow will be short.
maybe. If i look at todays events: 9.30 am BST UK S&P global manufacturing PMI missed. No real movement

2.45 pm BST US S&P global manufacturing PMI betters than forecast no movement

3pm BST US ISM manufacturing PMi missed and an initial 30 pip spike.

Not long later poll released that there is a potential landslide victory for Labour and the move up continues

it seems the news of the poll might have come out when we saw 127

more data all week let’s see if NFP and Jolts will make a difference to drag the pound backwards
Insane in the Brain..
  • #828,050
  • Jun 3, 2024 3:22pm Jun 3, 2024 3:22pm
Quoting BeeTogether
{quote} maybe. If i look at todays events: 9.30 am BST UK S&P global manufacturing PMI missed. No real movement 2.45 pm BST US S&P global manufacturing PMI betters than forecast no movement 3pm BST US ISM manufacturing PMi missed and an initial 30 pip spike. Not long later poll released that there is a potential landslide victory for Labour and the move up continues it seems the news of the poll might have come out when we saw 127 more data all week let’s see if NFP and Jolts will make a difference to drag the pound backwards
so if win for Labour then the pounds worth much much more?
  • #828,051
  • Jun 3, 2024 3:38pm Jun 3, 2024 3:38pm
Quoting Waveskierrob
{quote} Don't let Zebi hear you say that he'll go off on one...
if usd doesn't hold here at these lvls Zebi might have to accept the $ is shit lol
after this 104 area it might be 102 for next spot
  • #828,052
  • Jun 3, 2024 3:42pm Jun 3, 2024 3:42pm
Quoting MarunCable
Sold 1.2790 TP 1.2725 SL 1.2805
SL
-15
Set GOAL, REACH and REPEAT.
  • #828,053
  • Jun 3, 2024 3:50pm Jun 3, 2024 3:50pm
Quoting SmallGains
{quote} so if win for Labour then the pounds worth much much more?
it seems like it. 14 years of cock ups , Brexit, Liz Truss PPI scandals etc seems the markets are looking for a change
Insane in the Brain..
  • #828,054
  • Jun 3, 2024 3:51pm Jun 3, 2024 3:51pm
Quoting genadi
{quote} Yes, but we will have to wait for few days to see profit. I hope you have time.
hell being below 125 for me…
Insane in the Brain..
  • #828,055
  • Jun 3, 2024 3:54pm Jun 3, 2024 3:54pm
Quoting BeeTogether
{quote} it seems like it. 14 years of cock ups , Brexit, Liz Truss PPI scandals etc seems the markets are looking for a change
they all talk a good game to get in. I've never held the pound to be worth that much more the any other currency to be honest but guessing markets sentiment might be changing
  • #828,056
  • Jun 3, 2024 3:55pm Jun 3, 2024 3:55pm
Quoting Vincent1
{quote} I have a signal around 1.2815
Wait
I also found a good confluence of trendlines and ratios around 1.2840
The situation is complicated... In any case, I'm waiting to see a bull trap
  • #828,057
  • Jun 3, 2024 4:03pm Jun 3, 2024 4:03pm
Quoting Wavegarrick
{quote} Here's the thing. GU once more at crucial levels only to be decided by the market makers. My bet is on an upward thrust. I will not get into a contrarian sell at this point. Trade safe, Cheers. {image}
sensible 1.3034 seems the first extension point
Compulsions can be hard to resist
  • #828,058
  • Jun 3, 2024 5:07pm Jun 3, 2024 5:07pm
Easy sell at 2810.
Everyone can see the chart, but only a few can actually read it.
  • #828,059
  • Jun 3, 2024 5:26pm Jun 3, 2024 5:26pm
USD failed to hold previous support....... See if this piece of shit got more to go.
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  • #828,060
  • Jun 3, 2024 5:58pm Jun 3, 2024 5:58pm
Around 2810/12, a pull back , i expect to daily pivot.
Intraday only.
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