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Cable Update (GBP/USD) without Idiots 23 replies

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Cable Update (GBPUSD)

Quoting Coreg2004
{quote} Jolita, it would be a black swan for me and I had already seen one at 1.03. Seeing 2 in a lifetime has very low odds.
Black swan from Hyde Park lake.
Such beauty.

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In last 11 of 12 NFP's actual print has beaten the expectation and in which last consecutive 9 were positive.
Quoting kk300
{quote} Maybe bones would disagree as his projection is bullish in monthly. I remember when Bones was explaining bearish engulfing monthly candle of may and June 2021 at month close. Who would have thought that Covid low will break into that Asian session. I personally didn't see that coming...
Yes, we had shooting star in July last year. Even now monthly chart is in an uptrend, but why has failled to extend tobreach top trendline, 1.26 area? Something odd. Lets wait and see. UK is in real trouble, BOE is in debt, can not buy bonds forever.
Quoting Whale
{quote} its only me and you, i guess but will take one bite at the time.
Whale, I didn't say it won't happen, rather I will believe it when I see it. In the financial market (not only) impossible is nothing.
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Always trade your own plan...I don't provide trading signals.
Quoting Jolita
{quote} Black swan from Hyde Park lake. Such beauty. {image}
Jolita, thanks, now I see it.
Always trade your own plan...I don't provide trading signals.
Quoting pipfarm
{quote} I posted the chart set up a few days ago if you search my posts. However the understanding comes from knowing that a single daily swings tops and bottoms trends and corrections are to be found on H1. Every timeframe contains large and small swings , the small swings make the large swings or trends and corrections, focus on the larger swings to a build trends and corrections.
Yes I saw that, yesterday when daily was going into sell, fomc came up and was tend to dump it technically yet it made another swing up to 2400. How did you analyse that if it is trending bulls or correction in H1.
Quoting BeeTogether
{quote} my area is 12050. It briefly went below to 11980 a few weeks ago but the 120XX is relatively in tested in this current move
iI think 1.2323or 1.2298 retrace than it will be drop that point 1.2050.
What did you think start there really.
Quoting dantpm
{quote} Doesn't look like it wants to give it to you. Edit Whoops maybe it does...
it did Finally went to 1.2240 but it will retrace, and i will enter again at 1.23 or above before NFP
Lets hope our calculations are not Wrong..
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The US economy added 223K jobs in December of 2022, the least since December of 2020, after a downwardly revised 256K rise in November, and beating market expectations of 200K. Notable job gains occurred in leisure and hospitality (67K), health care (55K), construction (28K), and social assistance (20K) while employment changed little in manufacturing (8K), retail trade (9K) and government (3K). Payroll employment rose by 4.5 million in 2022, an average monthly gain of 375K, compared to 562K per month in 2021 and 168K in 2019. The report continued to show that hiring is slowing although it remains strong, as the labour market is normalizing after the pandemic shock. For 2023, the labour market is set to remain tight but job growth will slow further and the unemployment rate is set to rise to 4.6%, according to Fed forecasts. Many big tech firms have already announced massive layoffs amid rising interest rates, weak consumer demand, and a global economic slowdown. source: U.S. Bureau of Labor Statistics
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“We don’t even know how strong we are until we are forced to bring that hidden strength forward. In times of tragedy, of war, of necessity, people do amazing things. The human capacity for survival and renewal is awesome.” — Isabel Allende
The best way to predict your future is to create it.
Quoting kk300
{quote} Yes I saw that, yesterday when daily was going into sell, fomc came up and was tend to dump it technically yet it made another swing up to 2400. How did you analyse that if it is trending bulls or correction in H1.
The larger swing did not break the previous lower high , remember this is at the moment a correction, they can be messy , not always simple abc zigzag, so i have no idea after the reversal is given what kind of pattern it will form, so long as the lower highs are intact i will stay in.

Yesterday there was a trend already formed but it had not broken the main swing low, today the whole sequence is in a down trend.

BOS- Break of structure
RT - Retest
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Follow The Markets Structure - Patience and Discipline
Quoting pipfarm
{quote} The larger swing did not break the previous lower high , remember this is at the moment a correction, they can be messy , not always simple abc zigzag, so i have no idea after the reversal is given what kind of pattern it will form, so long as the lower highs are intact i will stay in. Yesterday there was a trend already formed but it had not broken the main swing low, today the whole sequence is in a down trend. BOS- Break of structure RT - Retest{image}
It might be easier to understand if i just call this swing a larger degree 4H swing that broke structure of the previous 4H larger degree swing using the smaller degree swings it is how the market works ,, fractal nature all on one chart

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Follow The Markets Structure - Patience and Discipline
GU 82 pt spread!

Ok I don't feel so bad, IG Markets has a 110 pt spread.
Quoting pipfarm
{quote} The larger swing did not break the previous lower high , remember this is at the moment a correction, they can be messy , not always simple abc zigzag, so i have no idea after the reversal is given what kind of pattern it will form, so long as the lower highs are intact i will stay in. Yesterday there was a trend already formed but it had not broken the main swing low, today the whole sequence is in a down trend. BOS- Break of structure RT - Retest{image}
Thanks I really appreciate it.
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Together we can be strongest
pivot daily - 1.2310
Together we can be strongest
NZDJPY LONG
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Whatever it takes…
12200 calling
Either retrace or continue down GU need to go up first. I think 1.2180 lowest
naked trader ~ GBPUSD only!
ask MP for directions...Tanks but no... BC LIONS TIGERS CAT

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Relax, focus and trade what you see. Copyright
Quoting tradexyz
ask MP for directions...Tanks but no... {image}

Why we have Traderxyz, you can tell us where to go.
Quoting Coreg2004
{quote} Jolita, it would be a black swan for me and I had already seen one at 1.03. Seeing 2 in a lifetime has very low odds.
If you have to see a few more: 2023-2027. Next ones, 204x
OPPT 1776
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