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Cable Update (GBP/USD) without Idiots 25 replies

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Cable Update (GBPUSD)

Quoting genadi
{quote} Do you have the info that we dont have? Cool
Everybody knows something that others don't know
I make my own luck.
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  • #851,043
  • Quote
  • Edited 7:06pm Jan 19, 2025 6:56pm | Edited 7:06pm
Quoting Kimmymore
{quote} No. They always want us to hit SL. SL = 1.22292. TP = 1.20963........1.207xx ( GU now up up to 1.2292 then down down....1.207xx ) {image}
If GU Long is indeed progressing well and breaks through 1.22000, I think it won't go down again; that would be near the bottom for months to come. Move the SL for each unit now to -27 pips. Move the TP for each unit to +123 pips. One unit represents a 41-pip risk. Good luck!
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And, behold, with every hardship comes ease:
Daily pivot 1.2191.

Weekly pivot 1.2191.

Fading the pivot. Have to see what the news does, first.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #851,045
  • Quote
  • Edited 7:45pm Jan 19, 2025 7:22pm | Edited 7:45pm
Quoting W0lfram
{quote} I like the word 'usually'. Usually people using it have no statistics or whatever Let's measure open_to_high and open_to_low of Fridays. Although, this ignores intraday reversal You can consider only the shaded areas as 'one_way'{image} Compare against Monday or other day?{image} One can say "Day_name is usually a one-way traffic". Which is not true in any case.
Today is Monday.
A one-way traffic kind of day. Well, usually, they say.
But let's not get too excited. It's like every other day - indistinguishable, uninspired.
Roughly same odds for a narrow, choppy wobble.

I intentionally didn't include Thursday, bc Thursdays are different. Thursday doesn't care.
Thursday's bastard. It locks in, burns the bridges, and leaves the rest of the week bleeding in the rearview.
(no, plot is messy enough. I could also accidentally mix up the day markers on the plot's legend)
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Quoting Wavegarrick
{quote} Thanks Trumps, As always enjoy looking at your simplistic easy to read charts. I absolutely agree with you and have no doubt in my mind that Bitcoin will reach 150 to 180k in months to come. Tomorrow with Trump's inauguration there will be volatility with his crypto adoption policy. Money has been pumped into altcoins with an absolute winner the new "Trump meme coin". I do believe that BTC will not pump in a straight line but will probably come down at first to liquidate as many buyers before the crypto Whales get in. I look at your breakout...
Well there you go bro, good call
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Compulsions can be hard to resist
Quoting Waveskierrob
{quote} To closed my EU LONGS...
Closed...
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  • #851,048
  • Quote
  • Edited Jan 20, 2025 3:33am Jan 19, 2025 10:35pm | Edited Jan 20, 2025 3:33am
Watching pa , a shakeout likely at the start! Bounce to bear may now play !

watching smaller tf to see where can start for the week ! now bounce target goes to 2227 + and 32. 2214 + may look for any scalping short having initial target 2200/2196 to down if possible or wait til bounce done ! take care

breakout down . testing pullback 2100 , next waiting for 2193 next signal while eurusd test 0304 tl
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting TooSlow
Daily pivot 1.2191. Weekly pivot 1.2191. Fading the pivot. Have to see what the news does, first.
Pivots taken out.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
If it doesnt break this quasimodo, il look for a quick scalp below
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"Cut your loses short and let the winners Run"
it looks bullish today
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trading is like dancing, don't think and just listen to the music!
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yes yes yes
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yes yes yes
Quoting Fardeen1209
{quote} How come im low if that crook cannt man up and take his responsibilities. No wonder why, you end up winning like a baby.
which crook?
How to succeed in zero sum game?
  • #851,055
  • Quote
  • Edited 2:33am Jan 20, 2025 2:08am | Edited 2:33am
Quoting birdland
it looks bullish today {image}
I see those multiple bottoms getting taken out but they might attempt to first go and take out 2320 first. I'm not in a new trade let's see how Trump plays it.
Quoting W0lfram
{quote} {quote} {image}How to make 495 years of data from 23.5 available? Empirical distribution gives .9175 probability for x > - .0538. But that's unfair, let's include some margin - Friday's open. x > - .047 = .8947 {image} Best-fitted t-distribution. x > - .0538 = .9171, x > - .047 = .8979 Single outcome still unknown {image}
At least retrace is done. But stats about close, would be curious to see. Special day* - anything can happen x2, right?

*David Lynch's birthday
Quoting Mitiblotch
{quote} I see those multiple bottoms getting taken out but they might attempt to first go and take out 2320 first. I'm not in a new trade let's see how Trump plays it.
yes, also possible szenario, I always expect everything;-)
trading is like dancing, don't think and just listen to the music!
Quoting nordling
{quote} if someone has only 50% chance to win they better work at a foreign exchange desk where they convert money and earn from huge spreads instead of betting. Trading is betting and in order to bet on something you need to have info that other's don't have. Info & knowledge is the real edge

what i am saying is you need to have an edge to have 50% probability , you cannot win if you dont know how to win,,,so in general edge put you a 50% chance to win after that is just risk management to survive.
MY OPINION NOT FINANCIAL ADVISE
Quoting Abeylyn
{image} Here is my GU 2 hour chart. Best is to be patient until price touches either the Support or Resistant zone. Buy at Support or Sell at Resistant. If price breakout to the upside without touching Support zone, l'll wait for pullback and Buy. Risk Management is key. Nice weekend.
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Long @ 1.2180. 80% closed at 1.2200 (20 pips profit)

20% of trades to run. Target 1.2300/1.2330.

May also exit if price show sign of reversal against entry.

Trump installation may give bonus to traders. ..

Have a nice day trading. ..
Market Structure is the King.....
Quoting ThaoAnh
{image}
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