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Cable Update (GBPUSD)

  • #751,541
  • Jun 14, 2023 6:07am Jun 14, 2023 6:07am
Quoting voeltoez
lets the bear show
bears just took over the 1 min chart
Rra di chelete
  • #751,542
  • Jun 14, 2023 6:13am Jun 14, 2023 6:13am
This mf dont want to drop
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yes yes yes
  • #751,543
  • Jun 14, 2023 6:14am Jun 14, 2023 6:14am
Quoting Moty
This mf dont want to drop {image}
LOL
  • #751,544
  • Jun 14, 2023 6:23am Jun 14, 2023 6:23am
I hope the market does not touch a new high today
Lost in Narrative
  • #751,545
  • Jun 14, 2023 6:28am Jun 14, 2023 6:28am
Quoting Moty
This mf dont want to drop {image}
Yeah just blindly keep selling because your indicator tells you
Was slipping off the edge but i held up.
  • #751,546
  • Jun 14, 2023 6:29am Jun 14, 2023 6:29am
It seems too obvious of no more cuts, so bullish PA... I dont like it
I play the trade gamble to feed my Porsche addiction.
  • #751,547
  • Jun 14, 2023 6:32am Jun 14, 2023 6:32am
Quoting Moty
This mf dont want to drop {image}
I mentioned that yesterday already. Market is not on track, - even if Dr. Dave is saying it is - . If you have stats, you can see that sth. is out of normal order. And I explained that by getting out of that range we were in for long time so currently they have to accumulate a lot before destribution again on a higher level. That means huge swings without retraces but to both sides but downside is currently limited (logically because they want to get out of that range). It's annoying for intraday trader but good for trend trader because a trend is easier to identify and last longer in general or at least is more straight.

Also retraces and consolidations can go into late NY Session or even Asia Session to avoid too much noise. Of course they talk about "news" here and there but that's always the case that they find "reasons". Of course some news are relevant (for example EUR/SEK strength is fundamentally because of interest rates in Sweden and Short Binding to interest rates what makes Sweden currently unattractive to invest) but when you watch News of the Day for stock market they always find a reason for the move (also when there are no news).

In the end you always have to keep in mind that 90% of the Volume is non-news related and that always and always big 4 or big 5 manipulate the market else it would be impossible to make moves like currently. I know lots of people here disagree but they got sued 2007,2008,2012,2016,2017 and I don't know how often more to manipulate currencies (Deutsche, Goldman etc.). And Of course they have to do that, else it would be too easy to earn money for everybody.

You have to keep the sight clear of what is really going on - that's sometimes difficult, sometimes annoying and sometimes it takes very long but that's exactly what is used to break retail traders. I mentioned that before already.
  • #751,548
  • Jun 14, 2023 6:35am Jun 14, 2023 6:35am
Quoting Robinhood1
{quote} I personally will never go against the swing trend which in this case for me is long. I'd rather add.
See.
Will be adding around 1.2363
POSTMASTER
  • #751,549
  • Jun 14, 2023 6:38am Jun 14, 2023 6:38am
Great timeframe alignment with GU

H1 was in a correction and H4 moving with D1

H1 moved up out of the correction back in alignment with H4 and D1


GOLD H1 we have a correction moving up against H4

H4 is moving in the same direction as D1 so short from H1 as it comes back into alignment with H4 and D1
Follow The Markets Structure - Patience and Discipline
  • #751,550
  • Jun 14, 2023 6:44am Jun 14, 2023 6:44am
Quoting Moty
This mf dont want to drop {image}

FOMC may give the bears a chance. Even if rates are halted as this is already priced in. If Fed refuse to acknowledge rate drops then we could see a move down.
Insane in the Brain..
  • #751,551
  • Jun 14, 2023 6:48am Jun 14, 2023 6:48am
Quoting ForexGoose
{quote} revised tp to 1.269 area {image}
I will take profit before the FOMC announcement and then buy any dip after the press conference starts
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #751,552
  • Jun 14, 2023 6:49am Jun 14, 2023 6:49am
Quoting Fardeen1209
{quote} Egypt to trade with local currency with China, Russia and India. The only 3 countries we need to live a decent life.
if only the arab world could revive trading and business in general. Once in history they were great merchants.
u know russians can be a bit trickier to trade with than people in the west, they require alot of vodka before a deal is realized, a simple handshake wont be enough. ”If you want to trust a russian you are either banging his sister or keeping him drunk.” - Old chinese saying.
You have an IQ lower than 90 if you interact with this user.
  • #751,553
  • Jun 14, 2023 6:50am Jun 14, 2023 6:50am
OK GBPUSD UPDATE

Add Here A Nice Size

https://www.forexfactory.com/attachment/image/4478651/thumbnail?d=1686740886

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If its to Fall Target is very safe I have at 1.25800

That would be Solid

Ofcourse I am following my own setup Only and I will go by it all the way
HBS - Hussain Bin Salman
  • #751,554
  • Jun 14, 2023 6:51am Jun 14, 2023 6:51am
Time to reassess what did I do wrong again.
Seems like I misinterpreted the system along with PA today.

And btw, it's turning bearish in my system.
We'll see since it's kinda ranging till news.
Exhausted
  • #751,555
  • Jun 14, 2023 6:57am Jun 14, 2023 6:57am
Quoting eyefeelsix
{quote} the bull is safe, Orderblock formed at the level of whole number 1.2600 I decided to release my tp and change to ts {image}

yay! money come to daddy profit taking buy and sell limit on top @1.2675

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https://breakpullback.com
  • #751,556
  • Jun 14, 2023 7:01am Jun 14, 2023 7:01am
Quoting JackintheBox
{quote} I mentioned that yesterday already. Market is not on track, - even if Dr. Dave is saying it is - . If you have stats, you can see that sth. is out of normal order. And I explained that by getting out of that range we were in for long time so currently they have to accumulate a lot before destribution again on a higher level. That means huge swings without retraces but to both sides but downside is currently limited (logically because they want to get out of that range). It's annoying for intraday trader but good for trend trader because...
To make the story short, there is one only entity who controls the market made up of the biggest trading companies. Technology made it possible plus owning the exchanges enables setting their rules. Just to mention one, inconvinient positions can be held for nano seconds giving priority the way market needs to suit the ruler, bear in mind that retailer's orders do not even go to the real market. To be profitable on a regular basis, can only be achieved by almost 100% winrate and through a mathematical system out the conventional indicators, EW etc.
POSTMASTER
  • #751,557
  • Edited 7:18am Jun 14, 2023 7:08am | Edited 7:18am
Gu 2650 tested, usdx corrected below support of interest , limit usdx not far away, if bull there now after already breakout then today may try for daily close over 102.88.anyway still waiting gu good bear leg restart!

Monthy go looks very bullish for long fir 3150 limit , previous top can be taken without notice / correction. So once breaks top then easily can bull again.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #751,558
  • Jun 14, 2023 7:11am Jun 14, 2023 7:11am
After the news we will probably have a spike and then the market will move down
Lost in Narrative
  • #751,559
  • Jun 14, 2023 7:17am Jun 14, 2023 7:17am
2656 second double short
People don't plan to lose. They lose because they don't plan.
  • #751,560
  • Jun 14, 2023 7:17am Jun 14, 2023 7:17am
Quoting JackintheBox
{quote} I mentioned that yesterday already. Market is not on track, - even if Dr. Dave is saying it is - . If you have stats, you can see that sth. is out of normal order. And I explained that by getting out of that range we were in for long time so currently they have to accumulate a lot before destribution again on a higher level. That means huge swings without retraces but to both sides but downside is currently limited (logically because they want to get out of that range). It's annoying for intraday trader but good for trend trader because...

the market is acting fine
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Olu