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Cable Update (GBPUSD)

  • #828,081
  • Jun 3, 2024 10:03pm Jun 3, 2024 10:03pm
Nas100
Expecting price to go to 19400-19500 before diving into a monthly correction (wave 4 in monthly timeframe denoted by 3)
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Giving only how future price movement may unfold,
Plan accordingly for wave iii, as i'm not sure if i'll be able to give follow up charts.
Very busy lately, can barely making to FF.
More time in the market, does not mean you trade better!
  • #828,082
  • Jun 3, 2024 10:20pm Jun 3, 2024 10:20pm
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...
Hi Mrs Jade, interesting topic! Treasury auction will be wild in the coming months, particularly long terms bonds (10y and 30y) with many CBs dumping US.T for gold.
If lesser and lesser bidder showed up, yield will eventually shoot up, some hedge funds saying 10y Yield will reach 6.8 - 7%.
However, when comparing the amount of bonds to T.bills (securities maturing < 1 yr), this becomes the backbone of US Govt.
It is the short term debt issuance which are post-ponding the detonation of the atomic bomb in the US financial market.
More time in the market, does not mean you trade better!
  • #828,083
  • Jun 3, 2024 10:37pm Jun 3, 2024 10:37pm
Quoting navk
Area between 2766 to 2776 need to be filled for r1 ( 2870 ) today
r1 is 2846
  • #828,084
  • Edited Jun 4, 2024 12:41am Jun 3, 2024 11:20pm | Edited Jun 4, 2024 12:41am
Quoting Coreg2004
{quote} Jade, please check this link. https://www.forexfactory.com/thread/...4#post14888764
Thanks handsome One step ahead, did already look at that chart in your thread when you posted it previously. Great chart.
  • #828,085
  • Edited Jun 4, 2024 12:05am Jun 3, 2024 11:24pm | Edited Jun 4, 2024 12:05am
Quoting Yngwie
short 1.2782
Cut loss. wait to sell above 1.2830
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #828,086
  • Jun 3, 2024 11:36pm Jun 3, 2024 11:36pm
Quoting Fardeen1209
{quote} Hi Mrs Jade, interesting topic! Treasury auction will be wild in the coming months, particularly long terms bonds (10y and 30y) with many CBs dumping US.T for gold. If lesser and lesser bidder showed up, yield will eventually shoot up, some hedge funds saying 10y Yield will reach 6.8 - 7%. However, when comparing the amount of bonds to T.bills (securities maturing < 1 yr), this becomes the backbone of US Govt. It is the short term debt issuance which are post-ponding the detonation of the atomic bomb in the US financial market.
Ironically amusing, is it not? The bond market supply and demand, in the "free market", in keeping with the home of American capitalism, will actually determine what the US Fed does next. Not the Fed. And this in the land of "freedom" where legislators of both flavours are under no obligation whatsoever to toe the party line, each one acting as individuals having their own agency and able to be bought for a price (to ensure their own re-election or promotion). Which of course is why the political lobbying industry in Washington is so robust and well funded. One part of the reason why US debt is so high. But they do have a few aces up their sleeves still. Just a matter of watch this space as it plays out.
  • #828,087
  • Edited 11:54pm Jun 3, 2024 11:40pm | Edited 11:54pm
Top ranging at a great resistance and stable bull so far , over 2803 , ok . May test 2820/40 to even previous top as likely usdx tanking perhaps but daily weekly tl even may broken still likely react at late time. So no one way play at top here too. Range up at random till bull done possible ! Now important level is 2804 hold or not ! Watching, take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #828,088
  • Edited 1:08am Jun 4, 2024 12:57am | Edited 1:08am
Quoting SabkaBaap
{quote} 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
I expect some retrace thro London,

NY session buyers could emerge.

keep in mind daily R1.

1.2845
Intraday only.
  • #828,089
  • Jun 4, 2024 1:05am Jun 4, 2024 1:05am
trying some shorts @ .2806 30pip stops.
  • #828,090
  • Jun 4, 2024 1:08am Jun 4, 2024 1:08am
Quoting Whale
{quote} r1 is 2846
yes. I just saw r1 is 2844.

My view for today 2766 to 2845 in NY session
Intraday only.
  • #828,091
  • Jun 4, 2024 1:09am Jun 4, 2024 1:09am
Something telling me we have reach the top

base Elliot wave
  • #828,092
  • Jun 4, 2024 1:14am Jun 4, 2024 1:14am
Quoting Whale
Something telling me we have reach the top base Elliot wave
Invariably, I noticed, on bullish close days, the price will hit r1 and then reversal.

The reversal on NY session is reliable
Intraday only.
  • #828,093
  • Jun 4, 2024 1:16am Jun 4, 2024 1:16am
Early days. Don't really have a target.
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  • #828,094
  • Edited 1:35am Jun 4, 2024 1:24am | Edited 1:35am
Hello all, I would target the 0.385 fibo at first then 0.5 fibo where there is a huge FVG.
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  • #828,095
  • Jun 4, 2024 1:43am Jun 4, 2024 1:43am
mf 2 !!!!
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yes yes yes
  • #828,096
  • Jun 4, 2024 1:44am Jun 4, 2024 1:44am
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yes yes yes
  • #828,097
  • Jun 4, 2024 1:44am Jun 4, 2024 1:44am
It start looking as a dollar day
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chaos is just unknown order
  • #828,098
  • Jun 4, 2024 1:45am Jun 4, 2024 1:45am
Quoting Konichiwhaat
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 {image}
Looks like EU and GU are about to cave in, if so, we're off to the races again, woohoo! Whos your money on this time, hmmm?
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Emotional Control. Process, not outcome.
  • #828,099
  • Jun 4, 2024 2:02am Jun 4, 2024 2:02am
ok gentlemen...heres an update on my significant others prop trading attempt yesterday LOL

she screwed up and froze like a deer in headlights and I had to save her by stemming the losses yesterday...she lost 500 on her first attempt all because she froze with fear and couldn't cut her loss early....that's where everybody fails

so I traded the the account and made back 700 today so its all good..had to trade gold cause it moves... now I know what she needs to work on and that's controlling her fear of losses ..I'm gonna have to tape over the pnl line so she cant see it and wont be influenced by that...more people have lost an account trying to go for that last 20 bucks and having price reverse on them than you can shake a stick at LOL

I see I have a lot of work ahead before she can quit her job and that big ass paycheck LOL
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short trump and go long the deepstate
  • #828,100
  • Jun 4, 2024 2:07am Jun 4, 2024 2:07am
Quoting navk
{quote} Invariably, I noticed, on bullish close days, the price will hit r1 and then reversal. The reversal on NY session is reliable
i know the rules you adopt, very nice observation.
you may be right.

im waiting for 2600-2650
daily must get strong correction - and yes i could be wrong
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