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Cable Update (GBPUSD)

  • #831,141
  • Jul 3, 2024 1:59am Jul 3, 2024 1:59am
Gold nice up, Im shorting it 2341, pending 43,45,47,49
People don't plan to lose. They lose because they don't plan.
  • #831,142
  • Jul 3, 2024 1:59am Jul 3, 2024 1:59am
Quoting Zebi
put in the sl and goin to bed price will prolly go much hier than my tp but I'm not staying up all night watching it do that {image}

ok my tp just got hit so I'm done LOL

didn't even have to place the sl
short trump and go long the deepstate
  • #831,143
  • Jul 3, 2024 2:00am Jul 3, 2024 2:00am
Quoting fontu
checking pa , more prone to 2660 and 2643 than breaks up 2700. so watching the developments , strong bounce in the proces for over 2739/ to 70 ok and still in bear swing though as last leg up to down ! but no believe any or any side yet ! take care {image} {image}
so far 12680 is supporting really well. It will more than likely be a slow day US half day some data but nothing to write home about, UK election tomorrow even then US on holiday Labour is going to win so GBP will be strong. The 12570-80 area should have been seen yesterday in my opinion.

As soon as the UK results start to come in expect some volatility tomorrow night
Insane in the Brain..
  • #831,144
  • Jul 3, 2024 2:01am Jul 3, 2024 2:01am
Quoting Zebi
{quote} ok my tp just got hit so I'm done LOL didn't even have to place the sl

nite gentlemen...hope my running updates and reasoning for this trade will help someone

I'm sure the fuckheads that never post a trade will find something to criticize me for LOL
short trump and go long the deepstate
  • #831,145
  • Jul 3, 2024 2:18am Jul 3, 2024 2:18am
Quoting ScalaFX
Gold nice up, Im shorting it 2341, pending 43,45,47,49

yes yes yes
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yes yes yes
  • #831,146
  • Jul 3, 2024 2:36am Jul 3, 2024 2:36am
maybe to early but my system screams sell, so Im hoop in, sell 2697, spliting my lot at pendings till 2730 every 5 pip
People don't plan to lose. They lose because they don't plan.
  • #831,147
  • Edited 2:59am Jul 3, 2024 2:45am | Edited 2:59am
Quoting BeeTogether
{quote} so far 12680 is supporting really well. It will more than likely be a slow day US half day some data but nothing to write home about, UK election tomorrow even then US on holiday Labour is going to win so GBP will be strong. The 12570-80 area should have been seen yesterday in my opinion. As soon as the UK results start to come in expect some volatility tomorrow night
a tiny breakout down happen before 2700 , , likely test 2684 ( corresponding eurusd 0750 as initial signal ) and even 2677 at risk , some volatility already started this week . may increase aptitude ! watching !
eurusd still flying , to settle down before they correct together ! may at 0763!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #831,148
  • Jul 3, 2024 2:49am Jul 3, 2024 2:49am
Quoting Moty
{quote} yes yes yes {image}
brooo you will be disappointed
  • #831,149
  • Jul 3, 2024 2:58am Jul 3, 2024 2:58am
G/M, when price was challenging last week's 2612 lo (@ y/day's 2615 lo) I'm note sure the odds were great of price being where it is now, but it was the 5th 4hr challenge on that wide prev 4hr/dly/minor wkly sw hi zone = prev res = pot rbs that starts @ 2634. Anyways, a bullish dly candle resulted y/day. Price @ current dly hi still challenging the wide prev 1hr/4hr sw hi zone = prev res = pot res that leads up to 2709/10 current wkly hi, after a 1st upside break of Asian hi by early London traders.

1hr below
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Trader with an Edge.
  • #831,150
  • Jul 3, 2024 3:01am Jul 3, 2024 3:01am
Looks like dxy has 105 in mind for adp.

I'd suggest cable can go as high as 1.2720.

Still expect a contact of 1.26 at some point followed by 1.29. Timing it will be quite difficult given news today, holiday tomorrow etc.

I'm looking for swing sell above 1.27, close to 1.2720 down to 1.26.

1.26 and below still want to buy to 1.29. I see it's creating a sorta head and shoulders, looks like the right shoulder high will be 'manipulated' and possibly even this week's high. Think eventually dxy has to blast the highs but it might not be til NFP. Tough one! In summary I think bulls will have this at least til adp. After around 105 dxy futures level I want to think about sells again to 1.26. 1.26 and below and I reckon 1.29 is a distinct possibility over coming weeks but, could be wrong.
  • #831,151
  • Jul 3, 2024 3:06am Jul 3, 2024 3:06am
Quoting footprint
Looks like dxy has 105 in mind for adp. I'd suggest cable can go as high as 1.2720. Still expect a contact of 1.26 at some point followed by 1.29. Timing it will be quite difficult given news today, holiday tomorrow etc. I'm looking for swing sell above 1.27, close to 1.2720 down to 1.26. 1.26 and below still want to buy to 1.29. I see it's creating a sorta head and shoulders, looks like the right shoulder high will be 'manipulated' and possibly even this week's high. Think eventually dxy has to blast the highs but it might not be til NFP. Tough...
i think a lot of us are looking at 12570-126 as a buy signal for 128-129

i will swing to long before the announcement tomorrow
Insane in the Brain..
  • #831,152
  • Jul 3, 2024 3:08am Jul 3, 2024 3:08am
Quoting ScalaFX
maybe to early but my system screams sell, so Im hoop in, sell 2697, spliting my lot at pendings till 2730 every 5 pip
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yes yes yes
  • #831,153
  • Jul 3, 2024 3:09am Jul 3, 2024 3:09am
you shell drop from from 2345.62
added short
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yes yes yes
  • #831,154
  • Jul 3, 2024 3:21am Jul 3, 2024 3:21am
...it's a big wide zone on 1hr and 4hr this prev 1hr/4hr sw hi zone to 2709/10 current wkly hi, = prev res = pot res, - price is in 2nd 1/2 of it now @ current dly hi. @ top of it - that 3 fib cluster, Mthly Pivot, and (not shown on chart below,) Dly R1.

As you will see on chart below - a false 1st upside break of last wk's hi and a drop and bounce back up @ y/day's 2615 lo, but no downside break of last week's lo. Significant,? time will tell!

4hr below
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Trader with an Edge.
  • #831,155
  • Jul 3, 2024 3:41am Jul 3, 2024 3:41am
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Shorted here, now , as shown. --- Have a pending to add at 127.00 , which might not be seen.........

  • #831,156
  • Jul 3, 2024 3:42am Jul 3, 2024 3:42am
Here's what I see on the 1H, we approaching the top of the red line so an overshoot to maybe 12710-15 before down. We still haven't seen any lows which has me thinking, either we expecting a huge dump to below 125 or this is the range between 12620-12720 before the election results to give us potential boost to 128/129

Remember NFP Friday which may have a bigger impact than the UK election as its a given of a landslide with neither party looking at anything radical for their fiscal policies whilst round 2 of the French election may cause more volatility.
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Insane in the Brain..
  • #831,157
  • Jul 3, 2024 3:55am Jul 3, 2024 3:55am
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yes yes yes
  • #831,158
  • Jul 3, 2024 3:57am Jul 3, 2024 3:57am
Quoting donfriday
{quote} I see it going 2730 before going below 1.26 next week my view base on the pattern of this recent drop

ONLY MY OPINION
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MY OPINION NOT FINANCIAL ADVISE
  • #831,159
  • Jul 3, 2024 4:08am Jul 3, 2024 4:08am
Quoting BeeTogether
Here's what I see on the 1H, we approaching the top of the red line so an overshoot to maybe 12710-15 before down. We still haven't seen any lows which has me thinking, either we expecting a huge dump to below 125 or this is the range between 12620-12720 before the election results to give us potential boost to 128/129 Remember NFP Friday which may have a bigger impact than the UK election as its a given of a landslide with neither party looking at anything radical for their fiscal policies whilst round 2 of the French election may cause more volatility....

Wondering why Labour coming to power will pump Cable, is it just going to be a euphoric moment that will soon dissipate when everyone realises what their getting is a bunch of idiots pushing their woke agenda and not giving a damn about the other 97% of the population?
We have in Australia the worst Prime Minister in our history with his filthy woke agenda and only now when he sees the writing on the wall that he may become a single termer he's actually starting to change a bit. Woke is just a repackaging of communism you know the ideology that murdered 250 million people in the 20th century!
But before our disastrous woke PM the conservatives weren't doing much better and we had a PM who didn't even want the job lol

The only way the wokist will do any better is to completely abandon woke ideology but communists will do what communists have always done....
Don't Leave Money on the Table
  • #831,160
  • Jul 3, 2024 4:09am Jul 3, 2024 4:09am
Quoting donfriday
{quote} ONLY MY OPINION {image}
Hey, bro.

GBPUSD is in the middle of NOWHERE. Being in the middle of nowhere means it won't be leading the pack. I have NZDUSD as current ALPHA and the guy is headed BIG NORTH. GU will just follow the bullish lead.

Just me speculating on a Wednesday morning lol
Cheers
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