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

Quoting Georginson
Hello guys, do note that GBPUSD has equated the range of February being 485 pips... January range was 600+ pips... Last 5 fomc days have seen bullish GBPUSD... Below 1.2320 means 1.2050 is still possible, break and close above 1.2320, means 1.2650 in days ahead. This week expected range is between 250 - 350 pips... So far price has only done 120 pips range with at least 130 more pips to break either 1.2285 or 1.2166.. Trade with caution.
This makes it 6 consecutive bullish fomc days, now I expect some bearish move after BOE as 80% of BOE rate hike days have produced some aggressive selling, also noteworthy that this March has produced 533 pips range, second only to January range of 604 pips...

From weekly range, already 166 pips of expected 250 to 350 pips, which means either high of 1.2335 or low of 1.2166 is still expected to break by at least 70 pips...

Simulations below
1.2166 + 250 pips = 1.2416
1.2335 - 250 pips = 1.2085

I will go for 1.2085 as far as price keeps trading below 1.2320, only a close above 1.2320 will change my plan.

As usual, I may be brutally wrong with no obligation to follow.
Excellent setup on daily, but must wait for LTF market structure shift, atm sits below 1.226 area so we need a break and retest.
No rush money will wait on the floor.

hope I will catch good entry level , very difficult for me to trade on vacation with 3.5 hours difference
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Inglorious scalper
Bulls are in ! Going to bed , Gbpusd , I’ll see you among the stars !
Master your mind. Master Trading.
Quoting Georginson
{quote} This makes it 6 consecutive bullish fomc days, now I expect some bearish move after BOE as 80% of BOE rate hike days have produced some aggressive selling, also noteworthy that this March has produced 533 pips range, second only to January range of 604 pips... From weekly range, already 166 pips of expected 250 to 350 pips, which means either high of 1.2335 or low of 1.2166 is still expected to break by at least 70 pips... Simulations below 1.2166 + 250 pips = 1.2416 1.2335 - 250 pips = 1.2085 I will go for 1.2085 as far as price keeps trading...
good plan.
Inglorious scalper
Quoting Pat Chiko
{quote} Seriously...? You better read what other said about my SCAM activities here by giving real time trade posting. I hope you will not regret follow my trades.......... Take care & be good and do good. PAT

Pat.... I have nothing to say about you but good things... I have seen no ill will on your part but have witnessed a pretty serious lashing out towards you. I follow your posts and pay close attention to them. I appreciate your desire to help others. In my book you are a stand up guy. Just don't pay any mind to those who want to bash you and your system... The negativity they exude is a real downer. Maintain your upbeat persona here.... it is so much more upbeat.
Wheres the Pound shorters at? Did you manage to cut your losses short so you can have dinner today? LMAO
Quoting Waveskierrob
{quote} So this trade must be hitting around your break even, what will you do close at BE or carry on with original trade
Homie my trade is currently up 85 pips......what are you on about? LMAOOOOO
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Ramadhan Kareem to all Muslim members.
May the first 2 week and the Taraweeh Prayers be easy for you, your family and myself.

GU
Fundamental
Given many previous BOE rate hike and UK CPI was bearish for cable, due to negative GDP;
Last month GDP m/m was 0.3% which made GU up for > expected UK CPI- meaning UK can still hold more rate hike.
Rate hike 25bps ig by now is fully priced in- so possible to see Longs TP of BOE Hike (MM use Red news to readjust their portfolio)


TA
GU currently sit at a Daily Szone, the best it can go is to 1.2374 4hr Supply.

Currently flat- preparing to short at any time
W trades - L Trades = Net Profit
Quoting Fardeen1209
Ramadhan Kareem to all Muslim members. May the first 2 week and the Taraweeh Prayers be easy for you, your family and myself. GU Fundamental Given many previous BOE rate hike and UK CPI was bearish for cable, due to negative GDP; Last month GDP m/m was 0.3% which made GU up for > expected UK CPI- meaning UK can still hold more rate hike. Rate hike 25bps ig by now is fully priced in- so possible to see Longs TP of BOE Hike (MM use Red news to readjust their portfolio) TA GU currently sit at a Daily Szone, the best it can go is to 1.2374 4hr Supply....
Hey Im muslim! Ramadan Kareem bro bro! I am glad to see muslim traders in this joint! Although I must admit I do my trading VERY diffrently, it seems I am literally the ONLY person in the entire forum that isnt scared of either the FED, FOMC or that lame guy Powell lmao
Quoting Bobbynouchet
{quote} Hey Im muslim! Ramadan Kareem bro bro! I am glad to see muslim traders in this joint! Although I must admit I do my trading VERY diffrently, it seems I am literally the ONLY person in the entire forum that isnt scared of either the FED, FOMC or that lame guy Powell lmao
Thanks Bro.
Nobody should be afraid of FOMC or BOE, if we trust our strategy and our Lot size are not too big that would make us lose our mind the moment the market trending 1 tic against us, everything that is happening on the chart, is an opportunity to do something in our best interest.
W trades - L Trades = Net Profit
Quoting Bobbynouchet
{quote} Homie my trade is currently up 85 pips......what are you on about? LMAOOOOO {image}
What you need to do is look at the time I posted that message ok have you done that, if so well done so far....👍,now look at the GU price at that same time, you'll see that the price was about your breakeven price on that trade you posted, that's what I'm on about....always happy to help if you need any other help please don't hesitate to ask...your welcome 🙂
Soon To Be Temporarily Suspended Again
Quoting Waveskierrob
{quote} What you need to do is look at the time I posted that message ok have you done that, if so well done so far....👍,now look at the GU price at that same time, you'll see that the price was about your breakeven price on that trade you posted, that's what I'm on about....always happy to help if you need any other help please don't hesitate to ask...your welcome 🙂
All im saying is Ive been here for like 2 days and I met some people who claimed they were ''full time traders'' only to end up ignoring me because I called out 1 or more of their bullshit predictions lmaooooooo
Quoting Fardeen1209
Ramadhan Kareem to all Muslim members. May the first 2 week and the Taraweeh Prayers be easy for you, your family and myself. GU Fundamental Given many previous BOE rate hike and UK CPI was bearish for cable, due to negative GDP; Last month GDP m/m was 0.3% which made GU up for > expected UK CPI- meaning UK can still hold more rate hike. Rate hike 25bps ig by now is fully priced in- so possible to see Longs TP of BOE Hike (MM use Red news to readjust their portfolio) TA GU currently sit at a Daily Szone, the best it can go is to 1.2374 4hr Supply....

RAMADAN kAREEM
PLAN YOUR RISK & REWARD BEFORE INVEST
Quoting Bobbynouchet
{quote} All im saying is Ive been here for like 2 days and I met some people who claimed they were ''full time traders'' only to end up ignoring me because I called out 1 or more of their bullshit predictions lmaooooooo
Your ego makes me laugh , let’s see how far you can go!
Master your mind. Master Trading.
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Relax, focus and trade what you see. Copyright
Quoting KareemAliFx
{quote} Your ego makes me laugh , let’s see how far you can go!
Id rather have a laughable ego rather than have hilarious trading predictions and methods , but hey to each their own habibi
Quoting tradexyz
{image}
Is this what you call technical analysis? Because sorry to say but this shit right here looks like it was made by a 2 year old that just discovered pencils lmaooooo
Quoting Bobbynouchet
{quote} All im saying is Ive been here for like 2 days and I met some people who claimed they were ''full time traders'' only to end up ignoring me because I called out 1 or more of their bullshit predictions lmaooooooo
My original question was "what you were going to do now that the price was at your breakeven" you replied with " what are you going on about", so my last post I explained, now you come back with the above post🤔, but as you have said that you are now 85pips up you have answered my original question, wasn't too hard was it?....just some other advice I wouldn't judge people just after two days it just shows your immaturity...🙂
Soon To Be Temporarily Suspended Again
Quoting Bobbynouchet
{quote} Id rather have a laughable ego rather than have hilarious trading predictions and methods , but hey to each their own habibi
there is no “hilarious “ trading predictions, we are all here to learn. No one is a winner every day, everyone loses, including you. You coming here and bashing other members because they failed their trades proves how much of a fail YOU are . Keep going with this ego, one day it will bite you , especially in the world of trading! I’m putting you on the ignore list now . Good luck
Master your mind. Master Trading.
Quoting KareemAliFx
{quote} there is no “hilarious “ trading predictions, we are all here to learn. No one is a winner every day, everyone loses, including you. You coming here and bashing other members because they failed their trades proves how much of a fail YOU are . Keep going with this ego, one day it will bite you , especially in the world of trading! I’m putting you on the ignore list now . Good luck
Bye snowflake
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