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Cable Update (GBP/USD) without Idiots 23 replies

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

Quoting Whale
Slide to yesterday's NY low or below it for buy day. just an opinion, im selling now 1.2365 for 30 pips. RRR 1:3.8 {image}
1.2315X feel like a sweet spot for the price.
I will look for buy there.

nevertheless I will tp my short at 1.2336
Keep it simple, stupid.
Efficacy of candle wick.
When a large candle wick appears, it is the lower bar that determines whether it is a reversal sign or a temporary stop.
For this H1 lower mustache, M15 divides CandleLow and after BullsCandle
Wiks lowers without being able to rise. In other words, it is judged as a trend continuation.
However, I think it is dangerous to judge only by candle wick.
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Quoting montygoldy
Trying a buy here for 20pips.. dxy come on time to retrace a bit…
still holding longs looking for 1.23800…
Extreme gut feeling trader
MontyGoldy - Road to 100k Return This Week: na
Quoting sakimer
Efficacy of candle wick. When a large candle wick appears, it is the lower bar that determines whether it is a reversal sign or a temporary stop. For this H1 lower mustache, M15 divides CandleLow and after BullsCandle Wiks lowers without being able to rise. In other words, it is judged as a trend continuation. However, I think it is dangerous to judge only by candle wick. {image}
Well, we will test this today and we will test this right now.

So, 98% of the candles give wicks. On GBPUSD H4 candle DIDN'T give wick up. Buying should be correct now at any price until the top of H4 candle, at least.

2 and a half more hours to find out.

Edit: doesn't look good. Bears are in hurry it seems.
S1 1.23500
S2 1.22700

R1 1.23700
R2 1.24000
Now, I wonder.. if plan was to bring the price down to 1.21 or 1.188 why do it in these two days before Fed? Why not catch Buyers and use Fed's momentum to grab Buyers money?
Quoting SnailFX
Now, I wonder.. if plan was to bring the price down to 1.21 or 1.188 why do it in these two days before Fed? Why not catch Buyers and use Fed's momentum to grab Buyers money?
you act as though the market is controlled by some entity or entities. The market is just simply the market my friend.
Master your mind. Master Trading.
Quoting KareemAliFx
{quote} you act as though the market is controlled by some entity or entities. The market is just simply the market my friend.
It's controlled by the big banks. You can call them whatever you want..
Quoting SnailFX
{quote} It's controlled by the big banks. You can call them whatever you want..
The banks are the MAJOR players, but do not CONTROL the market
Master your mind. Master Trading.
Quoting Yngwie
Sold 1.2368 SL 1.2390
Closed for +25 pips enough for warm up session
naked trader ~ GBPUSD only!
Quoting KareemAliFx
{quote} The banks are the MAJOR players, but do not CONTROL the market
Yes Major. They do control it when they're in it though!
But fine, major right..
Quoting SnailFX
{quote} Yes Major. They do control it when they're in it though! But fine, major right..
ya you are correct though ! Following the central banks footsteps is how you end up being on the right side.
Master your mind. Master Trading.
Quoting pipcenturion
I expect 1.2342 and then maybe 1.2326 before buyers will attempt to step in. My outlook from last week has not changed a single bit.
Price has done the first part (1.2342)

Let's see whether it will do the second one before bulls step in.

The market usually plays out a PRE-WRITTEN script.

Good morning from Lagos, Nigeria.
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Quoting donfriday
looking for Low near 1.23 for a buy next week have ending of the previous month and the current month that comes with strange movement Just my view {image} {image}

we are moving closer to a dangerous level for sellers


its 99% confirms 1.2250 is broken and as such my view remain bullish


i will be buying 1.23 area with good risk reward target 1.25 above
I NEVER LOSE/=I EITHER WIN OR LEARN
1.2346 temporary R.
DXY
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I NEVER LOSE/=I EITHER WIN OR LEARN
Quoting Whale
{quote} 1.2315X feel like a sweet spot for the price. I will look for buy there. nevertheless I will tp my short at 1.2336
TP hit. Waiting time
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Keep it simple, stupid.
R1 for this Hour is 1.235
R2 1.2362

S is constantly 1.227.
So tomorrow we gonna have sell if FED and Powell emphasize on the hawkish tone of further hikes, otherwise I'm seeing a big rally
I'm enjoying the wins because I was once terrified by loses
Erto All Time Return: 7.1%
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