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Cable Update (GBPUSD)

  • #829,341
  • Jun 13, 2024 3:07am Jun 13, 2024 3:07am
Quoting ScalaFX
{quote} close this im short
Yeah thanks but i will short at 2850, now my sl 2750 ,just wait and see buddy,
  • #829,342
  • Jun 13, 2024 3:09am Jun 13, 2024 3:09am
Quoting mallee
Closed my shorts. Still looking for 275 tho'.
Yup, it will probably, eventually, want to slide all the way back down to the source of yesterdays data release
Emotional Control. Process, not outcome.
  • #829,343
  • Jun 13, 2024 3:18am Jun 13, 2024 3:18am
Time to long the abc correction has ended on H1 double zigzag

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Follow The Markets Structure - Patience and Discipline
  • #829,344
  • Jun 13, 2024 3:44am Jun 13, 2024 3:44am
may a better attempt to bounce and bull usdx , so eurusd may test 0798 and 0788 while gu pull back to bear back ,may test low/limit or down ! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #829,345
  • Jun 13, 2024 3:57am Jun 13, 2024 3:57am
For the short term it seems a good place to sell here until 1.2750
  • #829,346
  • Jun 13, 2024 4:05am Jun 13, 2024 4:05am
Eyes on the news 3:30 hours from now. Very hard to predict it ATM

my prediction for dxy is the same as before CPI news, so entry was wrong yesterday
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  • #829,347
  • Jun 13, 2024 4:09am Jun 13, 2024 4:09am
Trying long GU, targeting yesterday's high with a tight SL. Currently reacting from Asian highs, let's see if we can close above.
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Just another trader in drawdown... Volume Profiles & PA
  • #829,348
  • Jun 13, 2024 4:21am Jun 13, 2024 4:21am
Gold short 2318 and another limit 2320.
target 2300 before the news.
  • #829,349
  • Jun 13, 2024 4:25am Jun 13, 2024 4:25am
Quoting Sammih
{quote} tp1 hit. {image}
buy area has moved up a bit, hoping to get a good price to add to longs
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I'm high on trading, cant you tell?
  • #829,350
  • Jun 13, 2024 4:26am Jun 13, 2024 4:26am
Quoting Konichiwhaat
Possible turbulence for shorts here as EU hits 1.0800. Hold on
Possible nice bounce off of 2800. EU must also crack 0800 for the final slip
Emotional Control. Process, not outcome.
  • #829,351
  • Jun 13, 2024 4:33am Jun 13, 2024 4:33am
Greetings everyone,

It's been a busy couple of days. Nevertheless, I managed to sell some GU yesterday but didn't have time to be here.
For today, I anticipate further downside. Currently, I'm keeping an eye on GJ for a potential short setup.

Let's observe how it unfolds.
Cheers.
  • #829,352
  • Edited 5:02am Jun 13, 2024 4:45am | Edited 5:02am
...the U.s cpi reaction y/day finally knocked thru the prev sw hi zone to 2823 that existed up to the dly chart, (on 5th attempt - 2804, 2801, 2817, 2811, then punched thru to the upside,) to record a new dly general uptrend hi of 2860-y/day's dly hi and now current wkly h,i which is @ the base of the dly/wkly parts of the prev 4hr/dly/wkly/minor mthly sw hi zone that extends up to 2893, = prev res = pot res.

Strong p/back from that hi to Asian lo/current dly lo where there is some 1hr and 2hr bullish hidden div that may stay valid as a repeating pattern whilst price above 2705.

dly below
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Trader with an Edge.
  • #829,353
  • Jun 13, 2024 4:51am Jun 13, 2024 4:51am
Quoting Georginson
{quote} Target met, now sold GU at 1.2850, target 1.2750.. stop at 1.2890.
manually exited at 1.2786... +64 pips.
Data + Stat + Risk/Emotions Management
  • #829,354
  • Jun 13, 2024 4:53am Jun 13, 2024 4:53am
...bulls presently struggling to continue the upside momentum off 2772 - current dly lo, - the current p/back lo of y/day's up move. Next downside fibs on the dly are @ 2762 then 2727.

4hr/1hr below
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Trader with an Edge.
  • #829,355
  • Jun 13, 2024 4:56am Jun 13, 2024 4:56am
A lot of patience for this pair. Still looking to TP at 1.2757x
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  • #829,356
  • Jun 13, 2024 5:02am Jun 13, 2024 5:02am
Quoting Konichiwhaat
{quote} Possible nice bounce off of 2800. EU must also crack 0800 for the final slip
Done. You know now what you must do, at least for the next two and a half hours
Emotional Control. Process, not outcome.
  • #829,357
  • Jun 13, 2024 5:20am Jun 13, 2024 5:20am
...to the downside there are 4 fib clusters @

a. 2764-52
b. 2728-25
Trader with an Edge.
  • #829,358
  • Jun 13, 2024 5:48am Jun 13, 2024 5:48am
Quoting pipfarm
Time to long the abc correction has ended on H1 double zigzag {image}
think i got this one wrong so i will take the loss and close the trade
Follow The Markets Structure - Patience and Discipline
  • #829,359
  • Jun 13, 2024 5:51am Jun 13, 2024 5:51am
Quoting pipfarm
Time to long the abc correction has ended on H1 double zigzag {image}
That's the issue. Price just sits in one spot and then pumps or dumps 100 pips in a minute. Getting in on auch trade takes an amount of luck. I'm also long for a scalp but I doubt it would work because today US data might be all green (I don't know how they cook these data sets) and price does a dump.
  • #829,360
  • Jun 13, 2024 5:51am Jun 13, 2024 5:51am
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yes yes yes
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