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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)

G/M, bulls hoping for an upside follow-thru on Wed's bullish engulf dly candle will have been running for cover after y/day's bearish engulf x 2 dly thrust candle resulted, post-Boe/Mpc stuff. This t/f does though remain in a general uptrend. 4Hr saw a 1st downside b/o of it's recent 2448-2262 range although this t/f is not yet in a downtrend. Six consecutive bearish candle closes now on the gmt+2 price feed. 1Hr probably is in a general downtrend right now. Today's current lo/current Asian session lo is right @/around the Mthly Pivot, after the wkly ascending t/line joining 0327 with 1840 was breached to the downside. There are repeating patterns of reg bullish div on 15min/30min/1hr with 2hr o/s, @ the current dly lo.

Asian session drawing to a close with London forex desks kicking in circa 0630am/0700am gmt. Could be another day of hi volatility around the U.s NFP etc later?

1hr below

...chart below shows the recent 4hr 2448-2262 range. Will we see a retest of it in a pullback?

4hr below
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
One would expect Frankfurt and London to give Buy.
Quoting pipcenturion
{quote} But it seems like a small buy Maybe to 1.2217 thereabouts
hopefully bullish day
naked trader ~ GBPUSD only!
Quoting Whale
{quote} totally agree. Im trading with the same mindset. we have our map, we should treat it with limited liability. This is the most complex finance market, the money market.
Hey Whale....

It's Friday. Looking forwrds for nice weekends break. Whoo hooo..!!

BTW, in case you hang out in Bar or Pub, please don't say your name in front of sized lady.
If Coreg want to do it, its okey.
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I come from the future.
Quoting Pat Chiko
{quote} Hey Whale.... It's Friday. Looking forwrds for nice weekends break. Whoo hooo..!! BTW, in case you hang out in Bar or Pub, please don't say your name in front of sized lady. If Coreg want to do it, its okey.{image}
Pat..
Quoting Macd-rsi
{quote} everything is possible, but market magnetism is against any sell this day! EURGBP price tell us that GBPUSD will follow the herds!
I think the market is attracted to the 1.19 level.
I really like the analysis done by cchin, only that the trades were entered a bit early in my opinion. Her overall direction is very correct.
The next few days are going to be interesting.
Quoting pipsofacto
{quote} Pat is travelling...
Should be straight forward journey.
But ended up like, KL -Turki - Findland - Talinn Estonia.
Few long transit.
I come from the future.
Quoting SnailFX
{quote} Pat..
Snail...

whats trading today,

Gimme a good signal to copy.
I need your signal to trade ,as hardly time to look at chart.

Please and thank you...

PAT
I come from the future.
Quoting Pat Chiko
{quote} Snail... whats trading today, Gimme a good signal to copy. I need your signal to trade ,as hardly time to look at chart. Please and thank you... PAT
Not at Home at the moment, drinking coffee..

1.2318 seems to have R on 15M, but without looking at the chart at Home, I don't know haha.

GL!

Lol..
1.2218* not 1.23. My brain still isn't registering Pound is at 1.22 haha.

I do expect Buy however.
Quoting palpite
{quote} Post your trades in real time for me to see if work or not.
Saludo, buenos dias Plapite.

Can I post mine in "hind sight" ?
Does that count?........
I come from the future.
Quoting pipcenturion
{quote} I think the market is attracted to the 1.19 level. I really like the analysis done by cchin, only that the trades were entered a bit early in my opinion. Her overall direction is very correct. The next few days are going to be interesting.
That would be amazing and I would probably take profit if that were to happen. 500 pips just GBP/USD.. um.. that would be REALLY nice.
... near-term downside fibs
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Brace yourself for NFP... Six consecutive green NFP data and FED slowing down rates but with still some hawkish tone...

Asterik 1.2265 being held, will give way for further decline to 1.2100.

As usual, no obligation to follow and no moral justification for direct or indirect hate.

Cheers,
George.
Swing and Intraday
Quoting SnailFX
{quote} Not at Home at the moment, drinking coffee.. 1.2318 seems to have R on 15M, but without looking at the chart at Home, I don't know haha. GL!
Thanks Snail.

Once upon a time, not very long time ago, I used to give good signal. And it worked out well (not extraordinarily well).
Few days later, nodoby chat with me anymore......... with cynical remarks, "I told you so"

This was the signal.....
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I come from the future.
1.2238 - 1.2250 - 1.2273 - 1.2288. This 50 pips zone is RESISTANCE.
Quoting Pat Chiko
{quote} Thanks Snail. Once upon a time, not very long time ago, I used to give good signal. And it worked out well (not extraordinarily well). Few days later, nodoby chat with me anymore......... with cynical remarks, "I told you so" This was the signal..... {image}
sounds like my signal..
Fed's interest rates will probably reach 5.25% as in 08. They will probably pause in May. Given that Powell said that more rate hikes are needed, I'll take that as two more rate hikes by 25bps.

Wonder what happened in 2008 with Fed's rates at 5.25%..

As some economist would say: "Markets are in lala land. They expect soft landing.."
Big news impact today
Great day to trade heavy and make some really big money or lose the same....

Trading Device - Must Have
BTW, I'm giving a free device for traders to use during NFP news event later.
Simple and easy to use in trading.
First 100 will get in pink colour...
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I come from the future.
Quoting SnailFX
Fed's interest rates will probably reach 5.25% as in 08. They will probably pause in May. Given that Powell said that more rate hikes are needed, I'll take that as two more rate hikes by 25bps. Wonder what happened in 2008 with Fed's rates at 5.25%.. As some economist would say: "Markets are in lala land. They expect soft landing.."
That was 16 straight 0.25% rises by Alana Greenspan's fed if I remember rightly, and we all know what happened next!
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting Pat Chiko
{quote} Thanks Snail. Once upon a time, not very long time ago, I used to give good signal. And it worked out well (not extraordinarily well). Few days later, nodoby chat with me anymore......... with cynical remarks, "I told you so" This was the signal..... {image}
Hope this story isn't connected to me..
Might be, there are also 4 lines there on the chart hahahah ..
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