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Cable Update (GBPUSD)

Quoting ntsprttyflck
Are we expecting the gao to fill or could it be a full drop?


I read this as a move governed by the dollar. Demand for the pound isn't going up, it's demand for the dollar that is falling. DXY looks like it could be at resistance but it might want to go deeper to about 107.4-107.5 perhaps. But then, don't take trading advice from me.

On the flip side, everyone here could be reading it all wrong and this whole time, it's just been a pull back on the DXY and it's going up to 115. Who knows? Brent Johnson might be correct with his Dollar Milkshake Theory.
...so, prev 1hr/4hr sw lo zone = pot supp that extends down to y/day's 2582 lo challenged @ current dly lo. There is lots of potential supp/rbs on 1hr to dly t/f down to circa 2507 initially. 1hr/2hr range persists for now. 55% of 30day adr traveled so far today.

1hr, then dly below
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Intraday swing scalper (+) via 1min+ repeating set-ups
Trade is still active guys I want to see a push to the upside before the FOMC news. I would like us to breakeven before the NEWS!
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Quoting MrFanciful
{quote} I read this as a move governed by the dollar. Demand for the pound isn't going up, it's demand for the dollar that is falling. DXY looks like it could be at resistance but it might want to go deeper to about 107.4-107.5 perhaps. But then, don't take trading advice from me. On the flip side, everyone here could be reading it all wrong and this whole time, it's just been a pull back on the DXY and it's going up to 115. Who knows? Brent Johnson might be correct with his Dollar Milkshake Theory.
Interesting. I've learnt over the years that other than data/news releases intraday, I disregard all fundie commentary/opinion as it can interfere with technical decision making particularly when it runs contrary to it, as my edge is purely technical. Even on the fundie data/news releases I am looking for technical entries after the releases.
Intraday swing scalper (+) via 1min+ repeating set-ups
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Hourly................ Now what...? Down or up again....

Short with SL at BE.

Quoting Pat Chiko
{quote} GOLD SHORT Scalp. Try only * maybe got luck{image}
GOLD

I hope/wish the break out is just a "Fake Out"
If not , im cooked with no luck.
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I come from the future.
AI Scalping Mar 25 V35E All Time Profit: $9,545
Markets have basically tested yesterday's lows of 1.2582 lets see what the closing of the next H4 candle holds

if it closes below we might be going lower or we'd possibly see a retest of the current midrange before going lower
Discipline is key
told you
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yes yes yes
For some reason I'm reminded of that Father Ted episode with the milk float.
That's the 200 EMA on the 30 minute chart hit. first time since the 12th
...after the small p/back from prev 1hr/4hr sw lo zone now = pot sbr down to y/day's lo, price slips below it from a p/back hi @ a pot 1hr sbr zone making a current dly lo just below last wk's lo now.

1hr below
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Intraday swing scalper (+) via 1min+ repeating set-ups
Quoting Pat Chiko
{quote} GOLD I hope/wish the break out is just a "Fake Out" If not , im cooked with no luck.{image}
GOLD

That was too close to kill my account.
Luckily it was only a Fake Out

Move on to FVG
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I come from the future.
AI Scalping Mar 25 V35E All Time Profit: $9,545
Quoting Pat Chiko
{quote} GOLD That was too close to kill my account. Luckily it was only a Fake Out Move on to FVG{image}
Few trades today with full of luck.
For that I must share this song to execute flawless trades like smooth operator.

Enjoy it.,,,,,,,,,,,,,

Inserted Video
I come from the future.
AI Scalping Mar 25 V35E All Time Profit: $9,545
So if someone were to say "trade with the trend" right now. Would you say we are in an uptrend, downtrend or sideways range right now? Or all 3 at the same time?
Quoting Pat Chiko
{quote} GOLD That was too close to kill my account. Luckily it was only a Fake Out Move on to FVG{image}
Not a fake out brother...it had to test that weekly fib extension up there
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You are allowed to fall but you are imposed to get up!
Quoting iero4
{quote} Not a fake out brother...it had to test that weekly fib extension up there {image}
Thanks, bro!


Great input—I really appreciate your help.
I'm still a newbie, and there's still a long way to go in learning.

This is the only thread on FF where traders truly help each other excel in learning.
Glad to be part of it!
I come from the future.
AI Scalping Mar 25 V35E All Time Profit: $9,545
Is this going to rebound or keeping going down?
Don't trade what you think. Just what you see!!!
Quoting Agu
Markets have basically tested yesterday's lows of 1.2582 lets see what the closing of the next H4 candle holds if it closes below we might be going lower or we'd possibly see a retest of the current midrange before going lower
Now i expect a retest of todays midrange so far before eventually going low
Discipline is key
Quoting MrFanciful
So if someone were to say "trade with the trend" right now. Would you say we are in an uptrend, downtrend or sideways range right now? Or all 3 at the same time?
Sorry, but it depends on the t/f, - I know you hate that answer, lol! 15min and below in general downtrends. 30min, 1hr and 2hr in range but a 1st slight (so far) downside b/o of it. Etc etc...and also I note the main intraday move which so far is bearish. Even in fundie analysis it depends over which time horizon you are looking back to.
Intraday swing scalper (+) via 1min+ repeating set-ups
We are moving guys…
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