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Cable Update (GBPUSD)

  • #773,781
  • Edited 3:12pm Sep 10, 2023 1:32pm | Edited 3:12pm
Quoting montygoldy
Anyone interested in us30 my gut feeling a nice opportunity to register 35000 this week… i am only looking to buy dips …
D1 FVG 50% 34710 or so, top of fvg is 750ish i can def see a run up there and possible liquidity sweep above, but looks bearish in total to me and i see a strong fib retracement at the general area on d1 for the us indices pretty clear on nasdaq and dow to me... pictured is the dow d1 chart

But there is an alternative bullish view too lol, but structure looks to be favoring sellside to me
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  • #773,782
  • Sep 10, 2023 2:15pm Sep 10, 2023 2:15pm
Higher yields, lower stock, stronger US dollar

Read this article
https://amp.cnn.com/cnn/2023/08/18/investing/premarket-stocks-trading/index.html
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  • #773,783
  • Edited 5:53pm Sep 10, 2023 2:19pm | Edited 5:53pm
Quoting Wavegarrick
{image} Dempire, LOL A TE of 2 weeks and you are crying victory. You are wet behind the ears and I will show you just why. {image} A 6 pip per trade average with and average 8 to10 percent draw down on a small scalp? Tells me you do not take losses timorously 55% winning average on a scalp strat. Not good enough. A scalp strat should be between 70 and 85 Percent. One quick move...
Garrick you see every shady person will say exact same thing as you just did. “Mine is too big for yours” but one thing that isnt here is your “big TE”. Is it shady broker or demo account? Or your profit is not as good as it seems to be?

A scalp strategy? A scalp strategy with profit factor over 2.0 has to have how much winning % to BE and make
profit? And do you really know how I trade? Honestly I mix it up depending on market. My account has suffered losses all this week during my travels. Is it done? I can lose all year long and this account will still be alive

My TE is here to stay. To show the REALITY.

Right now all you did is prove how much you fabricate reality.

if you go back 3 months there will be the reality of your true losses and wins. Go all the way and there will be pretty much low income profits(if even that) thats not even worth the effort to do it garrick. Not even in your own country.

So yea. Please prove how small I am will you?

thank you and cheers!


And Garrick: Im not here to “take you down”. I’m merely here to finally change the dark and lying side of FX trading. To try and move on to another level from lying and fabricating. So help me get there instead of attacking me with lousy accusations like scalp startegy and 55% winning strategy. It’s really simple math. But every profitable trader/investor would know that 2 weeks old TE is not enough to go for statistics. Especially statistics that you pointed out. As someone who is “experienced” like you doesnt know a thing about ‘profit factor’ alarms another red flag about your own competence about REAL trading.

WHAT TO LOOK FOR IN TRADING EXPLORER?
https://www.forexfactory.com/thread/...trade-explorer


This is an ongoing investigation. The post will be edited
from time to time to provide most accurate answer.
How to succeed in zero sum game?
  • #773,784
  • Sep 10, 2023 2:47pm Sep 10, 2023 2:47pm
Posting charts like that is a very old and boring trick,
post something relevant and actionable.

Quoting Zebi
{quote} i wouldnt count on a BOJ intervention just yet..im gona post a longterm monthly chart outlining why in TA but first..... fundamentally which i try not to use but some do ill so ill just say japan intervened three times in a month ..... on sept 22nd they were part of that coordinated effort to save GU then a month later on oct 21st and 24th they did it again..probably in another coordinated effort to save GU after truss resigned the dollar is over that sept 22nd limit and going to break the october ones when i look at a longterm monthly chart...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #773,785
  • Sep 10, 2023 2:50pm Sep 10, 2023 2:50pm
The September is about to get volatile in the coming days. I expect GBP to bottom out by 20th, when I expect inflation to show signs of resurgence again in the UK and put pressure on bonds (pushing the yields higher) and in turn pushing the GBP higher. By then its hard to tell where the bottom will be. If the USD keeps gaining I'll be looking at 1.2215, but I don't think it would be able to go any further than that. It may reverse sooner.
  • #773,786
  • Sep 10, 2023 2:52pm Sep 10, 2023 2:52pm
Quoting karankeni
fib extension 1.618 a good buy area? ..previously at this level there was an order block too..any views? {image}
I can see at least three levels Cable has used for slowing down. Here's two from the weekly chart:
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...and here is the daily target added
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...and this is how it looked like on 1 hr
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Lastly it did not break the Thursday low. Is this the bottom for this move? I have no clue...
I have no clue where it's going
  • #773,787
  • Sep 10, 2023 3:38pm Sep 10, 2023 3:38pm
The Two-day G20 Summit ended today...I hope it has positive effects on the market this week.
  • #773,788
  • Sep 10, 2023 3:54pm Sep 10, 2023 3:54pm
GBPUSD price action retained its bearish outlook on the daily time frame despite the slowdown that occurred on Friday. The technical structure favours bears, and any northward move would be corrective in nature.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #773,789
  • Sep 10, 2023 3:58pm Sep 10, 2023 3:58pm
Tradingview already showing 20 pip UP

EDIT: My broker printed 1.24880 open
Extreme gut feeling trader
  • #773,790
  • Sep 10, 2023 4:07pm Sep 10, 2023 4:07pm
Holy shit... what the hell is going on here? Gap on Yen pairs!

Market reacted as if BoJ is given a reasonable change of raising interest rates finally after years of holding them at negative -0.10%.

THIS IS NOT WHAT I READ FROM ARTICLE AND NOT THE IMPRESSION I GOT!

THIS IS HUGE FOLKS!
  • #773,791
  • Sep 10, 2023 4:17pm Sep 10, 2023 4:17pm
Quoting montygoldy
Tradingview already showing 20 pip UP EDIT: My broker printed 1.24880 open
Let it fly. It might be a sign of some flight in the making, at least for some correction.
  • #773,792
  • Sep 10, 2023 4:26pm Sep 10, 2023 4:26pm
Quoting Mitiblotch
{quote} Let it fly. It might be a sign of some flight in the making, at least for some correction.
i am hoping to see 1.25300 or more today … not a analysis pure gut feeling
Extreme gut feeling trader
  • #773,793
  • Sep 10, 2023 4:28pm Sep 10, 2023 4:28pm
Quoting TheWraith
Holy shit... what the hell is going on here? Gap on Yen pairs! Market reacted as if BoJ is given a reasonable change of raising interest rates finally after years of holding them at negative -0.10%. THIS IS NOT WHAT I READ FROM ARTICLE AND NOT THE IMPRESSION I GOT! THIS IS HUGE FOLKS!
POSTMASTER
  • #773,794
  • Sep 10, 2023 4:34pm Sep 10, 2023 4:34pm
Quoting Robinhood1
{quote}
This is bullshit! Over the weekend...

I mean I knew it was coming, I thought it'll be next week...

PFFFF....

I hope they'll close the gap before dropping into abyss.
  • #773,795
  • Sep 10, 2023 4:35pm Sep 10, 2023 4:35pm
Quoting TheWraith
Holy shit... what the hell is going on here? Gap on Yen pairs! Market reacted as if BoJ is given a reasonable change of raising interest rates finally after years of holding them at negative -0.10%. THIS IS NOT WHAT I READ FROM ARTICLE AND NOT THE IMPRESSION I GOT! THIS IS HUGE FOLKS!
Go Stand in the corner!!!
  • #773,796
  • Sep 10, 2023 4:42pm Sep 10, 2023 4:42pm
Gap up, nice. We don't have major news events today. Maybe we can use this opportunity for a pullback? Let's see if we can keep this bullish atmosphere at the end of the Asian session.
You have to have an IQ higher than 90 to interact with this user.
  • #773,797
  • Sep 10, 2023 4:56pm Sep 10, 2023 4:56pm
Quoting ninner
{quote} Go Stand in the corner!!!
LoL
  • #773,798
  • Sep 10, 2023 4:57pm Sep 10, 2023 4:57pm
USDX is suggesting a pretty significant gap down which DXY might want to close later on depending on where it opens. UJ has a gap down, GU a small gap up.
  • #773,799
  • Sep 10, 2023 5:05pm Sep 10, 2023 5:05pm
Quoting dantpm
USDX is suggesting a pretty significant gap down which DXY might want to close later on depending on where it opens. UJ has a gap down, GU a small gap up.
my past experiences with dxy gaps… there are very frustrating…
Extreme gut feeling trader
  • #773,800
  • Sep 10, 2023 5:06pm Sep 10, 2023 5:06pm
Quoting montygoldy
{quote} my past experiences with dxy gaps… there are very frustrating…
aka inconsistent!
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