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Cable Update (GBPUSD)

Based on studies (for those who know me and anyone interested) there is an 88% probability that today's price will close above 2542.
Quoting mbrown
Based on studies (for those who know me and anyone interested) there is an 88% probability that today's price will close above 2542.
Need more power,
Like Trump Tweet maybe
This chart pattern below is one of many that I look for, and from this pattern I can see that there's a Strong possibility that if this night/daily candle closes below the 1.2506 area then there is a very good chance we may see the monthly low taken out at 1.2545 area then we may see a 1.2391 area sometime next week, with a possible target of 1.2028 over the next few weeks folks.
Extremely bearish IMHO.

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U.S. Dollar Index Futures (DX) Technical Analysis – July 5, 2019 Forecast
https://www.fxempire.com/forecasts/a...orecast-584780
Quoting navk
thread is silent, I hope every one is long, ( including me ! )
closed my longs.

started shorting..
Intraday only.
Well done mate. I don't want to be a killjoy but traders benefit more by our market analyses and our sharing of trading ideas.

Have a great weekend.

KP

Quoting rahadian1
{quote} i will try to share my analysis too next week sorry for my SS, im too exited
Do your homework, follow the footprints of smart money
Quoting Dingoman-two
This chart pattern below is one of many that I look for, and from this pattern I can see that there's a Strong possibility that if this night/daily candle closes below the 1.2506 area then there is a very good chance we may see the monthly low taken out at 1.2476 area then we may see a 1.2391 area sometime next week, with a possible target of 1.2028 over the next few weeks folks. Extremely bearish IMHO. {image} {image}
1.2096 is my 1.618 target I posted back a few days ago........when everyone wanted to long :/ hope you made some cash pennies for the weekend bud sticking to the sells
Long in at 1.2505 target 30 pips
Don't trade what you think. Just what you see!!!
Quoting viankoko88
{quote} Need more power, Like Trump Tweet maybe
Maybe my friend.

I post in case someones need to see it rather than to try to influence the majority. I think sitting on information is a waste and trading threads generally exist to share info' even if what is shared on a particular occasion is of no value to readers. Par for the course, Vian...par for the course.

======================================================================================

Who cares if you were bearish and the price went up, or if you were bullish and the price went down...surely what matters is that the trading account is larger by the end of the day, week, month and year. NOBODY is right all the time and even a Circus Monkey flipping a coin will be correct 50% of the time over the long haul (which is actually higher than many very successful traders). What's important, at least in my limited experience, is making money CONSISTENTLY.
Quoting Dingoman-two
This chart pattern below is one of many that I look for, and from this pattern I can see that there's a Strong possibility that if this night/daily candle closes below the 1.2506 area then there is a very good chance we may see the monthly low taken out at 1.2476 area then we may see a 1.2391 area sometime next week, with a possible target of 1.2028 over the next few weeks folks. Extremely bearish IMHO. {image} {image} U.S. Dollar Index Futures (DX) Technical...
Here is one of theses patterns in today's charts folks.
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Looks like it has a broadening wedge pattern on daily
ex nihilo
Quoting Dingoman-two
{quote} Here is one of theses patterns in today's charts folks. {image} {image}
No smart arsery intended but the pattern is supposed to start with an initiating range bar which isn't the case in your example. If anything, the range of the initiating bar in your example is below average.

See arrow to the left.
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Everyone is well?

I made stops after the NFP data
Proverbs 18.15
Quoting mik2012
Didn't I say that the index went up? {image}

when the dollar rises index falls, when index falls dollar rises ... S & P has reached the greatest resistance, has two forecasts, or S & P will have its biggest fall and dollar rises or the opposite, I prefer to believe that S & P will skyrocket for that the dollar will have to fall.
Proverbs 18.15
Quoting mbrown
{quote} No smart arsery intended but the pattern is supported to start with an initiating range bar which isn't the case in your example. If anything, the range of the initiating bar in your example is below average. See arrow to the left. {image}

That's true Mr B, But I was also referring in my earlier post that a close below 1.2506 area would be needed In order for the patent to be valid.

P/S constructive opinions-views-T/A-criticism are always appreciated my friend,this is how we all learn.


Quoting Moty
{quote} yes . just deposite
How much did you add when I told you I still had time? think I have to responsability myself for it.
Proverbs 18.15
Quoting Marcieny
{quote} How much did you add when I told you I still had time? think I have to responsability myself for it.
I didn't add.
I went long for 10 misrablle pips last Friday at the end of day and got stuck in it for the all week and lost everything.
I added on monday for the rest of my unused margin
Anyone got this triple bottom GBP H1 ?
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I love your honesty, mate. I do hope you take the necessary lessons from this and trade safe.

KP

Quoting Moty
{quote} I didn't add. I went long for 10 misrablle pips last Friday at the end of day and got stuck in it for the all week and lost everything. I added on monday for the rest of my unused margin
Do your homework, follow the footprints of smart money
Quoting Moty
{quote} I didn't add. I went long for 10 misrablle pips last Friday at the end of day and got stuck in it for the all week and lost everything. I added on monday for the rest of my unused margin
as long as you use this strategy
he will burn his account.
Quoting fxpattern11
Anyone got this triple bottom GBP H1 ? {image}
I saw the divergence, so I bought in 1.24879 waiting for what can happen.
Proverbs 18.15
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