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Cable Update (GBPUSD)

  • #828,061
  • Jun 3, 2024 6:06pm Jun 3, 2024 6:06pm
high probability bearish monthly set-up within the range
bearish open, close to break
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #828,062
  • Jun 3, 2024 7:02pm Jun 3, 2024 7:02pm
Quoting Waveskierrob
{quote} I can ride it out til 1.3000 if need be....patience my top card...
Waveski, check this link.
https://www.forexfactory.com/thread/...4#post14888764
Always trade your own plan...I don't provide trading signals.
  • #828,063
  • Jun 3, 2024 7:08pm Jun 3, 2024 7:08pm
Quoting Coreg2004
{quote} Waveski, based on Jesse's method the short trade should be entered between 1.2853-1.2873.
I'm looking at this gap on GU, and agree price needs to go higher before it falls.
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  • #828,064
  • Jun 3, 2024 7:11pm Jun 3, 2024 7:11pm
Quoting Jade Gate
{quote} I'm looking at this gap on GU, and agree price needs to go higher before it falls. {image}
don't gaps usually fill eventually? I know in stocks they do.
  • #828,065
  • Jun 3, 2024 7:20pm Jun 3, 2024 7:20pm
A weekend and a day late, but they all got there in the end. Once again, AU is last to come in, so like last time, I will be looking to take the trade on AU if the conditions allow it after this hour close
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Emotional Control. Process, not outcome.
  • #828,066
  • Jun 3, 2024 7:21pm Jun 3, 2024 7:21pm
Quoting SmallGains
{quote} don't gaps usually fill eventually? I know in stocks they do.
Yes they do, that's why GU is interesting for a short at the right time. I think Coreg is right about the potential short entry at 1.2850-70. The 200 ema is sitting right on that price point (weekly chart). Stocks are a completely different animal. Many stocks gap up and down and never actually "fill".
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  • #828,067
  • Jun 3, 2024 7:26pm Jun 3, 2024 7:26pm
Quoting Jade Gate
{quote} Yes they do, that's why GU is interesting for a short at the right time. I think Coreg is right about the potential short entry at 1.2850-70. The 200 ema is sitting right on that price point (weekly chart). Stocks are a completely different animal. Many stocks gap up and down and never actually "fill". {image}
Yea I don't think much will stop the locomotive that's going on with everything against the usd right now but a good short is on the horizon.
  • #828,068
  • Jun 3, 2024 7:29pm Jun 3, 2024 7:29pm
Quoting SmallGains
{quote} Yea I don't think much will stop the locomotive that's going on with everything against the usd right now but a good short is on the horizon.
Rising bond yields is what will stop that locomotive, data dependent.
  • #828,069
  • Jun 3, 2024 7:34pm Jun 3, 2024 7:34pm
Quoting Jade Gate
{quote} Rising bond yields is what will stop that locomotive, data dependent.
But aren't bonds constantly changing and not taken greatly unless it's a consistent rising change? I'm just genuinely curious cuz I've seen before where effect were seen and sometimes not seen at all or reverse what is expected.
  • #828,070
  • Jun 3, 2024 7:53pm Jun 3, 2024 7:53pm
Quoting SmallGains
{quote} But aren't bonds constantly changing and not taken greatly unless it's a consistent rising change? I'm just genuinely curious cuz I've seen before where effect were seen and sometimes not seen at all or reverse what is expected.
This is why

https://finance.yahoo.com/news/stock...115257822.html

Dow futures sank over 200 points as US stocks waded in the red on Wednesday, after a spike in Treasury yields unsettled investors already weighing whether recent data will shift the needle on interest rates.

Stocks are selling off as investors contemplate a jump in US bond yields after a government debt auction flopped, reflecting worries that the Federal Reserve will keep rates higher for longer.
  • #828,071
  • Jun 3, 2024 7:55pm Jun 3, 2024 7:55pm
Quoting SmallGains
{quote} But aren't bonds constantly changing and not taken greatly unless it's a consistent rising change? I'm just genuinely curious cuz I've seen before where effect were seen and sometimes not seen at all or reverse what is expected.
US just had 2 terrible bond auctions, investors are getting wary of holding US notes The Yanks will have to pay a lot more to finance their unbelievable debt. That's very bad news. Buy Gold.
  • #828,072
  • Jun 3, 2024 8:02pm Jun 3, 2024 8:02pm
Quoting Jade Gate
{quote} This is why https://finance.yahoo.com/news/stock...115257822.html Dow futures sank over 200 points as US stocks waded in the red on Wednesday, after a spike in Treasury yields unsettled investors already weighing whether recent data will shift the needle on interest rates. Stocks are selling off as investors contemplate a jump in US bond yields after a government debt auction flopped, reflecting worries that...
Ah ok...thank you!
  • #828,073
  • Jun 3, 2024 8:03pm Jun 3, 2024 8:03pm
Quoting mallee
{quote} US just had 2 terrible bond auctions, investors are getting wary of holding US notes The Yanks will have to pay a lot more to finance their unbelievable debt. That's very bad news. Buy Gold.
yes i am thankful to not have debt myself. Times going to get rough but I'm smart to not get far in debt.
  • #828,074
  • Jun 3, 2024 8:38pm Jun 3, 2024 8:38pm
Quoting Jade Gate
{quote} I'm looking at this gap on GU, and agree price needs to go higher before it falls. {image}
Jade, please check this link.
https://www.forexfactory.com/thread/...4#post14888764
Always trade your own plan...I don't provide trading signals.
  • #828,075
  • Jun 3, 2024 9:16pm Jun 3, 2024 9:16pm
Area between 2766 to 2776 need to be filled for r1 ( 2870 ) today
Intraday only.
  • #828,076
  • Jun 3, 2024 9:20pm Jun 3, 2024 9:20pm
Quoting navk
Area between 2766 to 2776 need to be filled for r1 ( 2870 ) today
Navk, may I understand what do u mean by the area need to be filled to go up. How do u determine that?
trying to learn here
  • #828,077
  • Jun 3, 2024 9:27pm Jun 3, 2024 9:27pm
Quoting Zeiferz
{quote} Navk, may I understand what do u mean by the area need to be filled to go up. How do u determine that? trying to learn here
Daily pivot area
Intraday only.
  • #828,078
  • Jun 3, 2024 9:46pm Jun 3, 2024 9:46pm
Quoting Zebi
placed sell limits at those prices on GU now I'm going to watch biography of general custer get his ass kicked by indians {image}
Quoting Zebi
{quote} well..I'm short GU with an average at 2763 easiest way to get in is with limit orders {image}

still short GU but in a 40 pip DD but not worried yet
short trump and go long the deepstate
  • #828,079
  • Jun 3, 2024 9:47pm Jun 3, 2024 9:47pm
Quoting navk
{quote} Daily pivot area
hi anna

u know who am i, am the only one person calls you anna, i forgot password of my old id, so had to make a new one

my view is PA will go to 1.2821…take that crucial liquidity & post that we could see a ride to PP
  • #828,080
  • Jun 3, 2024 9:54pm Jun 3, 2024 9:54pm
Quoting Zebi
as you all know i dont care about or even pay attention to GU... i just do my analysis on the one currency that rules the world and the monthly dollar chart gave me a buy signal with that inside candle...a true inside candle cause didn't pierce the high or low of the previous month so its a continuation candle in a uptrend nice to see everybody cheering and jumping around and squirming calling that shit GBP currency as bullish LOL remember gentlemen...BOE said they wont comment anymore about rates but I bet they'll cut before the election...

the reason im not worried yet is because of this chart...its the daily dollar chart and price has entered the support from the last two months lows

so on top of last months inside buy signal candle now price tested the lows of may candle and mite touch april low which is just a smidge lower and thas when ill short a shitload more GU to bring my average way up


trade the livermore/wyckoff way LOL... I'm betting with my own money there will be a wyckoff spring reversal to the upside if not tmoro than by end of the week
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short trump and go long the deepstate
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