Good Morning, Gang, Plan for the day for GU. I am using yesterday's support that was never used. Lets see if it wants to use it for today Cheers {image}
Let's see what we can get today.
Cheers
Cable Update (GBPUSD)
- #828,421
- Jun 5, 2024 11:27pm Jun 5, 2024 11:27pm
- Joined May 2016 | Status: Clueless | 6,896 Posts
Let's see what we can get today.
Cheers
- #828,425
- Jun 6, 2024 12:19am Jun 6, 2024 12:19am
- | Membership Revoked | Joined Aug 2007 | 1,069 Posts
Don't compare your Trades with Others
Last few days I dreamt about I swear and curse to anybody who poste Non GU chart or analyse here like Gold, EU, or US30 etc. Still don't know whether what I did was right or wrong in that dream because I don't want to create hated to anybody.
Weird dream
Weird dream
With courage, patience, and discipline, success is a matter of time.
- #828,427
- Edited 1:08am Jun 6, 2024 12:49am | Edited 1:08am
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
Nas100 Expecting price to go to 19400-19500 before diving into a monthly correction (wave 4 in monthly timeframe denoted by 3) {image} 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.
Sh*t is ageing like fine wine
NFP
This nfp, the U.Rate and Avg Earnings is very crucial,
In one of the FOMC Hawk members speech, he said if U.Rate increase to 4.1-4.2% he might consider a rate cut.
Economists said it is a hawkish cut, meaning not on every meeting there will be a rate cut (not a rate cutting cycle), unless the data supports the view.
With that
Earnings is expected to remain constant.
What is exciting is the coming CPI where many is expecting it to increase to 3.9%, a bit too much isnt it?
As of today ECB, will Lagarde deliver a hawk presser?
With last Harmonized CPI up to 2.9% and 2.7% , for core and headline respectively.
However, real rate already in +ve territory, they can afford to reduce their rate by 25bps.
However, what need our focus is the ECB press conf. The market is balancing between a 2 rate cut (today's included) and 3 rate cut, the press will indicate the actual rate cut. Expecting Lagarde to deliver a neutral statement.
More time in the market, does not mean you trade better!
- #828,429
- Edited 1:08am Jun 6, 2024 12:57am | Edited 1:08am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #828,430
- Jun 6, 2024 1:08am Jun 6, 2024 1:08am
- Joined Jun 2013 | Status: Trader | 1,732 Posts
USDX green but no momentum atm. GU 
{quote} Anyone took it? Sh*t is ageing like fine wine
- #828,437
- Jun 6, 2024 1:31am Jun 6, 2024 1:31am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #828,438
- Jun 6, 2024 1:36am Jun 6, 2024 1:36am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #828,440
- Jun 6, 2024 1:57am Jun 6, 2024 1:57am
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
{quote} Yes, my TP is TP 19389.70
When using price and time together, we can zone out weak level to be used as inducement.
And the best thing is it take a lot of time for the manipulation maneuver to unfold.
But once $$$ sweep occurred, it goes one way, we just need to hold our hand tight and take our profit and look for re-entry level
Unlike GOLD
More time in the market, does not mean you trade better!