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Cable Update (GBPUSD)

Quoting knkie
widening regression price could make big swings could go either way but im banking on more longs from 2160 edit: if it goes south i will short from 2140 ish to about 2110 ish
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looking at my above daily it looks like the thin red line . So we could have seen the border between Britx. But going into a squeeezze here . Regards E
long from 2152 with target 2172

edit: BE out
good weekend
in wondering about yourself, you forgot what you came here to be part of
I am proud to present the indicator, the currency strength meter .
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don't try to tell the market where to go , let him tell you
moty what is the reason you are stuck in development.
why are you pushing this bad strategy.
is not a crime.
Quoting Moty
I am proud to present the indicator, the currency strength meter . {image} {image}
cluster indicators are a dead end in the long run.
looking at 4hr and weekly PA at a key area, I think we are 24xx bound
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Come with me if you want to live....
Yesterday was a beautiful day .
I have never won trade with that easy flowing feeling.
Just look at the London open hourly candle , another look at the currency strength meter,put the the trade and after couple of hour you with more then 100+ pips of profit.
Last week on Monday i deposit 570 dollars and during the last lost a total of 450 from it .
This week i deposit 300 and won 950 dollars with it , and only yesterday i won 513 ,more then i iost at last week all together.
Now i will withdraw 850 from my account and start over .
Come small ,exit big.
don't try to tell the market where to go , let him tell you
gu vs eg w1+d1
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don't try to tell the market where to go , let him tell you
Quoting Moty
gu vs eg w1+d1 {image} {image} {image} {image}
Dear moty you count a lot on bearish cable,
I bought @ 1.2040 (GU at cheapest rate in decades) long term and waiting for 1.25+ at least
So I think is bullish
Quoting aarash
{quote} Dear moty you count a lot on bearish cable, I bought @ 1.2040 (GU at cheapest rate in decades) long term and waiting for 1.25+ at least So I think is bullish
i agree with you on that.
at the end it will go to 1.25-1.27 area.
but it can go further down before that
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don't try to tell the market where to go , let him tell you
solid performance by GU this week. Let's see if there's more upside to this. For the moment - looking to buy dips early next week.
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Quoting Moty
Yesterday was a beautiful day . I have never won trade with that easy flowing feeling. Just look at the London open hourly candle , another look at the currency strength meter,put the the trade and after couple of hour you with more then 100+ pips of profit. Last week on Monday i deposit 570 dollars and during the last lost a total of 450 from it . This week i deposit 300 and won 950 dollars with it , and only yesterday i won 513 ,more then i iost at last week all together. Now i will withdraw 850 from my account and start over . Come small ,exit...
Congrats brother. U have done a good job. Whatever happens just withdraw the profit. Just don't be happy with virtual money... Hope u understand.
Never follow/blame others,Patience is the key skill for Succesfull trading.
Quoting asgcorp
solid performance by GU this week. Let's see if there's more upside to this. For the moment - looking to buy dips early next week. {image}
But it seems small liquidation happened this week. I presume a huge drop yet to happen this balance month.
Never follow/blame others,Patience is the key skill for Succesfull trading.
Quoting Moty
Short , after price got to 61.8 extension and out of adr . Confirmation from gbp/aud and gj that in resistence areas {image}
10 pips profit even that the gbp was at highest point in the currency strength meter along the all day
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don't try to tell the market where to go , let him tell you
Quoting Moty
Yesterday was a beautiful day . I have never won trade with that easy flowing feeling. Just look at the London open hourly candle , another look at the currency strength meter,put the the trade and after couple of hour you with more then 100+ pips of profit. Last week on Monday i deposit 570 dollars and during the last lost a total of 450 from it . This week i deposit 300 and won 950 dollars with it , and only yesterday i won 513 ,more then i iost at last week all together. Now i will withdraw 850 from my account and start over . Come small ,exit...
You don't need much to make money .... My thought has always been to put a little and do a lot ...this is called prosperity.
Proverbs 18.15
Quoting asgcorp
solid performance by GU this week. Let's see if there's more upside to this. For the moment - looking to buy dips early next week. {image}
But it seems small liquidation happened this week. I presume a huge drop yet to happen this balance month.
Never follow/blame others,Patience is the key skill for Succesfull trading.
This chart I think might hold the key . It would have to break back into that trend line . So is it going to rejection
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I believe this didn't get covered here yet. Price/RSI11 div on H1, this is good news for dip buyers early next week.
Having said that, I don't see a major trend change / reversal, until 2016 low gets re-tested.
Also expect high vola as bears will attack soon again.

Finally, some input from my side, no nonsense and no BS retail Rick triangles and flying bats
- key levels for GBPUSD next 1-3 weeks:

-2100 - bulls loose if they fail to defend this early next week
-2200 - strong resistance, bears will add to their positions here
-2250 - ultimate resistance, I don't see GU cracking this without a re-test near 1950 / without a catalyst
-2000 - fake level, not significant
-1950//1975 - re-test of 2016 low, GU will likely get bid near this zone
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Quoting sgmf
{quote} still valid, we have time so correction 200-300pips possible
100 for now, stopped for a while by tl,
big picture still valid
here you guys GBPJPY and that will work with GU as well, Pound on reversal mode ATM
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