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Cable Update (GBPUSD)

  • #828,161
  • Jun 4, 2024 5:42am Jun 4, 2024 5:42am
Quoting ScalaFX
{quote} I think the correction will be bigger like 197-196
closing some after 250 pips mega run
People don't plan to lose. They lose because they don't plan.
  • #828,162
  • Jun 4, 2024 5:45am Jun 4, 2024 5:45am
Took long for 140 pips
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yes yes yes
  • #828,163
  • Jun 4, 2024 5:56am Jun 4, 2024 5:56am
Quoting JayBag
{quote} Hey bro, It looks a bit off hence I have no bite in it today. I also wonder what could have triggered this sell off. The only thing I can think of is maybe the 'NEW MONTHLY HIGH'?? I don't know because none of my tools picked it up. Let's see though Cheers
the new monthly high theory could be possible. This with a data heavy week and talks of a rate cut BoE rates rise talk from Fed etc however the UK election will have a big part to play early next month if it’s a landslide we could see any drops recovered
Insane in the Brain..
  • #828,164
  • Jun 4, 2024 6:00am Jun 4, 2024 6:00am
...almost 61.8% of y/day's rise given back @ current dly lo/current p/back lo of that move...as is typical price went just below the last prev 4hr sw hi zone = prev res = pot rbs that went down to 2746, before finding some demand @ 2743. 103% of 30day adr traveled so far today, - 2 days running now that 30day adr has been exceeded!

4hr/1hr below
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Trader with an Edge.
  • #828,165
  • Jun 4, 2024 6:02am Jun 4, 2024 6:02am
https://www.fxstreet.com/news/us-jol...l-202406040800

if this is correct look for a move above 128 again potentially 12850 that is if we don’t close below 127 before the news
Insane in the Brain..
  • #828,166
  • Jun 4, 2024 6:14am Jun 4, 2024 6:14am
Quoting Moty
Took long for 140 pips {image}
YEs yes yes
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yes yes yes
  • #828,167
  • Jun 4, 2024 6:29am Jun 4, 2024 6:29am
...I think there is a <50% probability of a 'with 4hr general uptrend' move higher to a new trend hi above 2817 (current dly hi) off this 1hr bullish hidden div set-up because although the set-up came @ a potential HL on 4hr, the L on 1hr that will form there (or lower) is below the last 3 x HL's (after a LH) on that t/f. So weakness on that lower t/f. This is not to say it can't happen, or may happen later off another different set-up.

1hr below
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Trader with an Edge.
  • #828,168
  • Jun 4, 2024 6:29am Jun 4, 2024 6:29am
possible 1.2830.... as far as 1.2740 holds. Medium term target 1.3020, to complete half year range of at least 800 pips.
Data + Stat + Risk/Emotions Management
  • #828,169
  • Edited 8:07am Jun 4, 2024 6:32am | Edited 8:07am
Quoting Jade Gate
Anyone else notice how peaceful, enjoyable, PROFESSIONAL this thread has been so far today? Breath of fresh air. Just good traders with real skin in the game, posting chats, discussing strategies, sharing trades, TA, thoughts. Bliss Was up at 4am my time to get my TAT indices shorts on before US close yesterday (doing very nicely tyvm, but we see what the US traders do with it, TP stops brought down to lock in profit). The whole day since (now 6.30pm Tuesday here) has been just delightful. And then the US man-children...
Good day Jade, I'm a beginner in FOREX trading and I have basic knowledge about FOREX. Can you hold my hand ?
  • #828,170
  • Jun 4, 2024 6:40am Jun 4, 2024 6:40am
Quoting Moty
Took long for 140 pips {image}
Last time it's was 140 pips
I'm aiming for 130
Tp is at 198.500
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yes yes yes
  • #828,171
  • Jun 4, 2024 6:43am Jun 4, 2024 6:43am
Quoting Yngwie
long 1.2752 sl 1.2725
closed 7p wait Jolt
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #828,172
  • Jun 4, 2024 6:44am Jun 4, 2024 6:44am
Let them raise it babes...let them..keep selling and enjoy the fall toward parity starting 4 July
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #828,173
  • Jun 4, 2024 6:56am Jun 4, 2024 6:56am
Small weekly channel where gu goes up and down- 1.28342 and 1.23772, it always touches border, must be 1.2840-500, after i dont know when it goes to 1.21 00 even can be 1.19. but i dont know when. THis is weekly,dates nobody knows. because 1.31 visited, went 1.21 it was 8 oct 2023,but didnt touch border 1.197,i think it goes and touch now 1.21180. only idea, better concentrate on h4 ,h4 goes down. ok. but if look weekly top we didnt see 1.28400-500 as minimum.
  • #828,174
  • Jun 4, 2024 7:01am Jun 4, 2024 7:01am
Quoting Vincent1
{quote} I have a signal around 1.2815
Vincent, awesome call.
Always trade your own plan...I don't provide trading signals.
  • #828,175
  • Jun 4, 2024 7:04am Jun 4, 2024 7:04am
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
Did reasonably well to sell and then buy as you see in the chart.

I just did what the chart said and booked profits
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Intraday only.
  • #828,176
  • Jun 4, 2024 7:05am Jun 4, 2024 7:05am
it will go 1.2800
  • #828,177
  • Jun 4, 2024 7:07am Jun 4, 2024 7:07am
Quoting mturabkhan
it will go 1.2800
back it up with some data.

market is of no one. So don’t put confidence in newbies mind.
#Stay blue. /swinger/scalper/
  • #828,178
  • Jun 4, 2024 7:08am Jun 4, 2024 7:08am
Pair is still in bearish teretory
Sl is at be
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yes yes yes
  • #828,179
  • Jun 4, 2024 7:08am Jun 4, 2024 7:08am
GU

SHORT Scalping set up
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This is not trade signal.
The above are just my newbie view. and it has 99.9% failure rate
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #828,180
  • Jun 4, 2024 7:23am Jun 4, 2024 7:23am
GJ

Correction ABC of EW 4
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Not a trade signal
Just my newbie view.
Trade your own analysis.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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