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Cable Update (GBP/USD) without Idiots 23 replies

Is it just me or is cable acting random? 44 replies

Why is GBPUSD called cable? 66 replies

Cable (GBPUSD) vs Euro (EURUSD) 26 replies

cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

In my books, 1350 will be breached tomorrow. I won't make the mistake of buying above 1350. I expect a breach downwards and then I'll buy. I see 1350 to 1270 as bounce areas.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Counter trend
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MY GRID. Markets are NOT random.
Quoting ScalaFX
Triple bottom? Holding all longs underwater, will add more if ..
If the FED hikes by 75bps tomorrow, we will feast buddy. We will feast
TRACK RECORD: https://l24.im/AFm9qY
Quoting Nordling
{quote} If the FED hikes by 75bps tomorrow, we will feast buddy. We will feast
0.75 could provide enough to bounce up. It’s already been priced in. The vote split will be what could see a bigger move up (if at all)
Betting against USD still isn't wise! Just saying...
waiting for the signal after price closed outside the band
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Quoting Nordling
{quote} If the FED hikes by 75bps tomorrow, we will feast buddy. We will feast
Yes!!!
People don't plan to lose. They lose because they don't plan.
Quoting Moty
waiting for the signal after price closed outside the band {image}
Hi Mate. Those classic 'reversal' candles closing outside the 20bol are for me the trigger for entry, - ie the close of the candle itself, if of course there is osc div/extremes and/or (preferably 'and') they occur @ a pre-identified potential supp/res/sbr/rbs zone on at least the next higher t/f which in this case was the prev 1hr x 3/4hr x 2/ minor dly sw lo zone = prev supp = pot supp.
--------------------------------------------
Right now that prev 1hr sw hi then lo zone= prev supp = pot sbr is the 1st potential upside obstacle on the 1hr+ t/f's.

1hr below
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting Moty
waiting for the signal after price closed outside the band {image}
I have tried experimenting with two moving averages (I used the 5 and 8 ema) and the stochastic. Trade in the direction of the moving averages, after the stochastic (k and d) crosses and are pointing in the same direction or the moving averages. Get out if the moving averages cross or the stochastic crosses. Ignore touches.
The stochastic that I use also has an ADX indicator on it. Don't bother with this if the ADX is less than 20.
Price is also below 1.14! Really pay attention with those longs!
Quoting TheWolf
Price is also below 1.14! Really pay attention with those longs!
Hopefully tonight Asia will start some good down moves. Hopefully!
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Mitiblotch
{quote} Hopefully tonight Asia will start some good down moves. Hopefully!
Not to mention that there are even more traders long now (over 80%)! Pound is going down.
Quoting KareemAliFx
I’m holding my Gbpusd shorts into this week I expect the US stock market to continue to decline and this will pump usd hard leading to the feds meeting on Wednesday. Happy pips this week guys
Just dead on the money I’m so good I astound myself !
Master your mind. Master Trading.
https://www.cbc.ca/news/canada/toron...ions-1.6583982
Latest to add to recent chaos:

Liz Truss is cooking an unpopular plan to restore economy (bankers bonus increase /rate hikes) ?

Biden sugested to remove Russia from United Nations

Putin postponed referendum

GU lower magnetic zones still in play.
Quoting Jolita
Latest to add to recent chaos: Liz Truss is cooking an unpopular plan to restore economy (bankers bonus increase /rate hikes) ? Biden sugested to remove Russia from United Nations Putin postponed referendum GU lower magnetic zones still in play.
Wouldn't be surprised to see them throw the news from Putin right after Fed's rate hike takes place. Jolita, at least to me, tomorrow screams USD.
Also, since you mentioned her: Conspiracists have named new UK Prime Minister Liz Truss in their theory about the World Economic Forum's 'Great Reset'. ("Conspiracists" = people who can think on their own and are questioning things). Doesn't go without a saying: question everything, especially those things you are most certain about, that didn't come from your own observations, but rather was told to you by someone else.
So much fun ahead!

Very tempted to trade the opposite direction, especially EUCHF
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After so many hopes, we are getting close to reality. History repeats it's self.
Retail tries to ignore looking to the left, just in case it will be a different scenario this time, we doubt, but not money makers, banks or institutions.

20/50 Ema showed signs of change, guess just temporary.

Good luck for tomorrow.
Monthly
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Quoting dantpm
{quote} I have tried experimenting with two moving averages (I used the 5 and 8 ema) and the stochastic. Trade in the direction of the moving averages, after the stochastic (k and d) crosses and are pointing in the same direction or the moving averages. Get out if the moving averages cross or the stochastic crosses. Ignore touches. The stochastic that I use also has an ADX indicator on it. Don't bother with this if the ADX is less than 20.

I allways add stochastic on my chart, also EMA 20 & 50.
What is your reason using lower settings 5 and 8? Do you trade short tf?
Quoting Jolita
Latest to add to recent chaos: Liz Truss is cooking an unpopular plan to restore economy (bankers bonus increase /rate hikes) ? Biden sugested to remove Russia from United Nations Putin postponed referendum GU lower magnetic zones still in play.
The pro Russian areas of Ukraine are going to have a referendum on whether to join Russia. This will make any future attacks on them an attack on Russia and THEN Putin can declare war on Ukraine/NATO.
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