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Cable Update (GBPUSD)

  • #875,441
  • Jun 30, 10:10am (18 hr ago) Jun 30, 10:10am (18 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 (18 hr ago) Jun 30, 10:27am (18 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 (18 hr ago) Jun 30, 10:35am (18 hr ago)
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yes yes yes
yes yes yes
  • #875,444
  • Jun 30, 11:25am (17 hr ago) Jun 30, 11:25am (17 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 (17 hr ago) Jun 30, 11:46am (17 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 (17 hr ago) Jun 30, 11:47am (17 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 (17 hr ago) Jun 30, 11:50am (17 hr ago)
Another liquidity hunt maybe
  • #875,448
  • Jun 30, 11:53am (17 hr ago) Jun 30, 11:53am (17 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
  • Jun 30, 12:22pm (16 hr ago) Jun 30, 12:22pm (16 hr ago)
Quoting Abeylyn
{quote} Market Structure is the King.
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  • #875,450
  • Jul 1, 2:01am (3 hr ago) Jul 1, 2:01am (3 hr ago)
GU is trading in a parallel channel ... and facing resistance at 1.32600-800 ...
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  • #875,451
  • Jul 1, 2:18am (2 hr 47 min ago) Jul 1, 2:18am (2 hr 47 min ago)
Does london often act gay when asked to open
  • #875,452
  • Jul 1, 2:29am (2 hr 36 min ago) Jul 1, 2:29am (2 hr 36 min ago)
Quoting Meer-Shayhak
GU is trading in a parallel channel ... and facing resistance at 1.32600-800 ... {image}
So what do you expect
  • #875,453
  • Jul 1, 2:36am (2 hr 28 min ago) Jul 1, 2:36am (2 hr 28 min ago)
Quoting Yngwie
Sold 1.3245
closed 17p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #875,454
  • Jul 1, 2:52am (2 hr 12 min ago) Jul 1, 2:52am (2 hr 12 min ago)
Quoting AK.47
Does london often act gay when asked to open
We have had the Frankfurt fakeout and price is just being drawn to the nearest liquidity which was the Asia low. Sit on your hands and there may be another entry as this looks to get up to yesterdays close at 3260
  • #875,455
  • Jul 1, 2:56am (2 hr 8 min ago) Jul 1, 2:56am (2 hr 8 min ago)
Quoting buyhighcry
{quote} We have had the Frankfurt fakeout and price is just being drawn to the nearest liquidity which was the Asia low. Sit on your hands and there may be another entry as this looks to get up to yesterdays close at 3260
Indeed. That was my target initially but yes the london/frankfurt fakeout is something I need to study and be aware more of. Thank you and best of luck mate!
  • #875,456
  • Jul 1, 3:02am (2 hr 2 min ago) Jul 1, 3:02am (2 hr 2 min ago)
Quoting AK.47
{quote} Indeed. That was my target initially but yes the london/frankfurt fakeout is something I need to study and be aware more of. Thank you and best of luck mate!
A rule that sticks in my head is Frankfurt will seldomly reverse an Asia trend. Wait for London which we all know loves a wee bit of manipulation. All the best!
  • #875,457
  • Jul 1, 3:08am (1 hr 56 min ago) Jul 1, 3:08am (1 hr 56 min ago)
  •  msqk
  • Joined Nov 2024 | Status: PATIENCE PAYS HANDSOMELY | 455 Posts | Online Now
The market is behaving like a snapped live wire.
Bull have an upper hand IMHO, but the best probable level is yet,
yesta's @3276 is a soft resistance,with H1,H4 equil's @ 3239,3208 respectively anything below 3208 or between is worthy attention.
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #875,458
  • Jul 1, 3:13am (1 hr 51 min ago) Jul 1, 3:13am (1 hr 51 min ago)
Quoting buyhighcry
{quote} A rule that sticks in my head is Frankfurt will seldomly reverse an Asia trend. Wait for London which we all know loves a wee bit of manipulation. All the best!
AHHHHH GOTCHA, Frankfurt opens an hour before london, that's why since the last 2 bludclart weeks I've been seeing these horrendous 15-20 pips move into the opposite direction, I've lost SO MUCH because of this. Trades that were 2.5RR complete on a 3RR setup or 1.25-1.5RR there on a 2RR setup just go and hit BE/SL. I started noticing this pattern but never knew frankfurt opened an hour BEFORE london ffs. That makes SO much sesne.

Appreciate your insight brother and I hope you have a great trading week ahead. May the pips be in your favour!
  • #875,459
  • Jul 1, 3:19am (1 hr 46 min ago) Jul 1, 3:19am (1 hr 46 min ago)
Quoting msqk
The market is behaving like a snapped live wire. Bull have an upper hand IMHO, but the best probable level is yet, yesta's @3276 is a soft resistance,with H1,H4 equil's @ 3239,3208 respectively anything below 3208 or between is worthy attention.
Agree with your daily bias and low time frame momentum is pointing up as i write this but the 5 min moving averages are all flat and plenty catalysts today for the dollar. We are sitting right in the middle of yesterday candle and there is no premium or discounts to trade at the moment. Suspect the 4 hour candle at 10am will give us more of an indication of the sentiment on the the run up to Warsh's speech.
  • #875,460
  • Jul 1, 3:23am (1 hr 41 min ago) Jul 1, 3:23am (1 hr 41 min ago)
Ok try test 3300 for one last time to react decision next , care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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