Cable Update (GBPUSD)

Quoting Guy1969

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I caught Gold swing low yesterday, along with some gold entries higher up. Just closed now. Also closed all the trades I entered on Monday. Some of the swaps got me real good, but that's part of the game. The dollar for me remains in a difficult spot, it failed to take control of the CHF medium and long tem, and that spells trouble for DXY. With EU and GU one could literally pick a buy spot and hold, and make money. I don't like what I'm seeing on US10Y's and 30's right now, yields are running higher, and the dollar heading the other direction....

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Quoting ib1985ib

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{quote} Are you holding these positions, or is this same day and take profit?

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Quoting Guy1969

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{quote} Current market conditions not good for swing trading, so I look for entries as close to VAH/VAL and hold till end of day. Sometimes I hold overnight. I manually calculate price moves using Fib, but a good ADR indicator will also work.

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Quoting BeeTogether

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GU can’t seem to break 13370 it bounced 30 pips off it !

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Quoting Guy1969

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{quote} Powell holds all the cards. GU H4, the key zones for me. {image}

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Quoting Moty

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{image}

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Quoting Mitiblotch

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Helping myself to a buy here at 3338. TP 3420 and if it breaks it then I'll set my sights on 3500. I must note that I'm wary of the fact that mothly pivot at 3162 has not been checked. This means either of two things: price will come back to it or price will run very far away from it. I hope it's the latter just for the sake of my trade. See you after Powell.

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Quoting Guy1969

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As long as CHF holds strong against the dollar, I'm not buying the dollar.

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