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Cable Update (GBPUSD)

  • #875,441
  • Jun 30, 10:10am (5 hr ago) Jun 30, 10:10am (5 hr ago)
Got to admit I didn't expect this to hit the PDH that quickly
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  • #875,442
  • Jun 30, 10:27am (5 hr ago) Jun 30, 10:27am (5 hr ago)
Quoting Abeylyn
{quote} Hello friend, Can you please state the reasons why you intend to keep GU buy until touch of daily resistant.... your target. I also welcome response from any trader who is keeping GU long above the current high at 1.3262. It's important to recall that the month of June is almost over.... Let's rub minds together and share our reasons please! This is one of the place that we separate Men from Boys in FX trading. Waiting..... Thanks.
Using appropriate risk reward management, Everybody is a winner, however, Buyers are the real Champion because we are already above yesterdays close.

Probably, if price cannot go above 1.327x in the next 1hr, we may likely see a temporary rejection candle from here.
Market Structure is the King.....
  • #875,443
  • Jun 30, 10:35am (5 hr ago) Jun 30, 10:35am (5 hr ago)
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yes yes yes
yes yes yes
  • #875,444
  • Jun 30, 11:25am (4 hr ago) Jun 30, 11:25am (4 hr ago)
Quoting Abeylyn
{quote} Using appropriate risk reward management, Everybody is a winner, however, Buyers are the real Champion because we are already above yesterdays close. Probably, if price cannot go above 1.327x in the next 1hr, we may likely see a temporary rejection candle from here.
sellers who sold and waiting for 1.31960/32000 to take profit got robbed by the bull move, normal conventional end of month stunt!!!
Keep the Lights on then you can catch the rise from the dark.
  • #875,445
  • Jun 30, 11:46am (4 hr ago) Jun 30, 11:46am (4 hr ago)
Quoting ricmaj
{quote} sellers who sold and waiting for 1.31960/32000 to take profit got robbed by the bull move, normal conventional end of month stunt!!!
Yes, that was precisely the reason I called for contribution from all traders.

It's always a very fast delievery as monthly is closing...
Market Structure is the King.....
  • #875,446
  • Jun 30, 11:47am (4 hr ago) Jun 30, 11:47am (4 hr ago)
Quoting ricmaj
{quote} sellers who sold and waiting for 1.31960/32000 to take profit got robbed by the bull move, normal conventional end of month stunt!!!
Nothing special today just order flow respecting market structure
  • #875,447
  • Jun 30, 11:50am (4 hr ago) Jun 30, 11:50am (4 hr ago)
Another liquidity hunt maybe
  • #875,448
  • Jun 30, 11:53am (4 hr ago) Jun 30, 11:53am (4 hr ago)
Quoting buyhighcry
{quote} Nothing special today just order flow respecting market structure
Market Structure is the King.
Market Structure is the King.....
  • #875,449
  • Last Post: Jun 30, 12:22pm (3 hr ago) Jun 30, 12:22pm (3 hr ago)
Quoting Abeylyn
{quote} Market Structure is the King.
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