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Cable Update (GBPUSD)

  • #582,141
  • Mar 4, 2021 5:55pm Mar 4, 2021 5:55pm
i think buy @1.3600 is better for longterm
Like me, cuts losses quickly. But has more patience and lets his winn
  • #582,142
  • Edited 6:29pm Mar 4, 2021 6:09pm | Edited 6:29pm
This thread is quite funny tbh.. When bulls are taking over, they are shutting down the bears for taking shorts, and now the shorts are taking over, never I've seen one single comment about those usual bulls taking longs and hitting on bears...

GBP is still sideways tho @1H @4H. Might see a clear trend where GBP and USD is going @NFP later
  • #582,143
  • Mar 4, 2021 7:15pm Mar 4, 2021 7:15pm
Just up from sleep - this lockdown does funny things to your body clock lol!

Price @ the current dly lo (3867) entered the dly part of the prev 1hr/4hr/dly sw lo zone to 3859 and found some support there with a strong bounce up...A great move down y/day on the back of J.Powell's comments. Potentially volatile day today too with U.s NFP numbers etc. Volatility and momentum - great for us traders.

1hr below.
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Trader with an Edge.
  • #582,144
  • Mar 4, 2021 7:16pm Mar 4, 2021 7:16pm
Hope this can make better decision
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  • #582,145
  • Mar 4, 2021 7:21pm Mar 4, 2021 7:21pm
Quoting Lastaccount
1.3900 coming... if NFP support then 1.3600
sleep, and take profit

TODAY? NFP waiting and bear still take control
  • #582,146
  • Mar 4, 2021 7:24pm Mar 4, 2021 7:24pm
Looks like breaking back in to continue consolidation..?
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  • #582,147
  • Mar 4, 2021 7:29pm Mar 4, 2021 7:29pm
Quoting Bones
noteworthy would be it has not been able to enter the wick , as is =good enough for confirm, theres a problem for sure to go higher in all probability. we do have crazy day left yet.-nfp Ideally you want this candle to close bearish ,I'm talking for medium term outlook {image}
nice analysis bro, last weeks candle was bearish for this weeks to negate it would require a HH aka 1 4238, hard to see that happen but who really knows what nfp will give, , what may help assess is the co-relation with exotics kiwi & aussie last weeks candle kiwi is strong bearish again this weeks already LL LH (unclosed) and aussie last weeks was bearish encompassing and this week although presently held by 77cent looks like confirming last weeks, uj bull run presently being held by 108 00 swissy 9300 geppy,s nice bull run held by 150 60 psych level 150 00, watching, so Im seeing USD strengh (god nows how) they are such deep shit) having said that they been is deep shit long time now, remember they been kicking the can for years, totaaly bankrupt, but they are still reserve currency (only just) if they lose that they will be truly fuked
If you are new to Forex? Say Goodbye to your account!!
  • #582,148
  • Mar 4, 2021 7:33pm Mar 4, 2021 7:33pm
Quoting genadi
{quote} how many traders haven't blown accounts?.. I see that everyone is profitable on this thread. Some are making more than 10% every month constantly. It is fun
"every trader has blown account" it is part of learning process,
If you are new to Forex? Say Goodbye to your account!!
  • #582,149
  • Mar 4, 2021 7:45pm Mar 4, 2021 7:45pm
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yes yes yes
  • #582,150
  • Edited 9:20pm Mar 4, 2021 7:46pm | Edited 9:20pm
Quoting KiwiTrada
{quote} nice analysis bro, last weeks candle was bearish for this weeks to negate it would require a HH aka 1 4238, hard to see that happen but who really knows what nfp will give, , what may help assess is the co-relation with exotics kiwi & aussie last weeks candle kiwi is strong bearish again this weeks already LL LH (unclosed) and aussie last weeks was bearish encompassing and this week although presently held by 77cent looks like confirming last weeks, uj bull run presently being held by 108 00 swissy 9300 geppy,s nice bull run held by 150...
Re U.s and by extension the 'west,' I think we have entered the 'end game' stage of the inevitable consequences of coming off the gold standard and the Reaganomics/Thatcherism monetarism of the 1980's accepted as the new established orthodoxy ever since, totally ending the so called 'post-war settlement' that it replaced, and now look at the results. Massive sovereign debt in the exponential stage of the curve and this inevitable conundrum we are in that Bones gave mention to in his excellent posts above. Where will it end,? When will it end,? Well, no one knows but we do know it won't end well! There will have to be some international agreement as never before, and probably something like knocking a 0 off the end of everyone's balance sheet because central banks are going to run out of tricks to contain the problem.
Trader with an Edge.
  • #582,151
  • Mar 4, 2021 8:16pm Mar 4, 2021 8:16pm
My view still same (not open trades yet )
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  • #582,152
  • Mar 4, 2021 8:32pm Mar 4, 2021 8:32pm
Quoting Moty
{image}{image}
yeah that's good.my expectation of hear .But Today Big news.......................... lets see
  • #582,153
  • Edited Mar 5, 2021 9:34am Mar 4, 2021 8:32pm | Edited Mar 5, 2021 9:34am
Yes every trader can attest to having some bad days in trading. Once you master a winning strategy through hard work and resilience, the rest is history.
Happy trading folks!!
  • #582,154
  • Mar 4, 2021 8:34pm Mar 4, 2021 8:34pm
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yes yes yes
  • #582,155
  • Edited 9:03pm Mar 4, 2021 8:41pm | Edited 9:03pm
..upside hunters struggling to get past the 2nd upside obstacle - a prev 1hr sw lo zone = prev supp = pot (potential) sbr (supp becoimes res,) as supply there kicked in. 1hr below.
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Trader with an Edge.
  • #582,156
  • Mar 4, 2021 9:08pm Mar 4, 2021 9:08pm
Quoting Headland
..upside hunters struggling to get past the 2nd upside obstacle - a prev 1hr sw lo zone = prev supp = pot (potential) sbr (supp becoimes resr,) as supply there kicked in. 1hr below. {image}

Hi Headland.

Thanks for your valuable posting.

I have study the chart and projecting ( kind of forecasting) price will re-test the SBR zone prior to NFP.

This is accumulation process to rope in more buyer for MM to dump the price at NFP.

Just sharing my view for learning process.

Thanks again for your posting and keep up the good work to help newbie in this thread.

Best of luck in trading.

Sang Real

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  • #582,157
  • Mar 4, 2021 9:14pm Mar 4, 2021 9:14pm
Quoting Headland
{quote} Re U.s and by extension the 'west,' I think we have entered the 'end game' stage of the inevitable consequences of coming off the gold standard and the Reaganomics/Thatcherism monetarism of the 1980's accepted as the new established orthodoxy ever since, totally ending the so called 'post-war settlement' that it replaced, and now look at the results. Massive sovereign debt in the exponential stage of the curve and this inevitable conundrum we are in that Bones gave mention to in his excellent posts above. Where will it end,? When will it...
very well put, much better than my rubbish words :-) Im thinking the end game will be much much more dramatic, not just US but worldwide gfc like nothing seen before, and we have already seen some major shit gfc,s anyway for right now, uj has just poked through 108 00 psych level 108 150 is next res previous weekly high then 108 50 - 109 00 I think she will make 109 00 (big call) swissy still held by 9300 if it does go they both will fly, eu is @ previous weekly lows 1 1950 should bomb, cable bears need to take out 1 3857 kiwi aussie still dribbling down asia pacific pa as per usual is crap, bring on London, bring on nfp
If you are new to Forex? Say Goodbye to your account!!
  • #582,158
  • Mar 4, 2021 9:26pm Mar 4, 2021 9:26pm
Quoting Sang.Real
{quote} Hi Headland. Thanks for your valuable posting. I have study the chart and projecting ( kind of forecasting) price will re-test the SBR zone prior to NFP. This is accumulation process to rope in more buyer for MM to dump the price at NFP. Just sharing my view for learning process. Thanks again for your posting and keep up the good work to help newbie in this thread. Best of luck in trading. Sang Real {image}

GU

Scalping long

SL 17,8 pips

This not trade recommendation.

Trade at your our risk coz I'm Newbie.
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  • #582,159
  • Mar 4, 2021 9:27pm Mar 4, 2021 9:27pm
Quoting Sang.Real
{quote} Hi Headland. Thanks for your valuable posting. I have study the chart and projecting ( kind of forecasting) price will re-test the SBR zone prior to NFP. This is accumulation process to rope in more buyer for MM to dump the price at NFP. Just sharing my view for learning process. Thanks again for your posting and keep up the good work to help newbie in this thread. Best of luck in trading. Sang Real {image}
Thank you for your kind words. I think that the potential sbr area you show as blue on your chart will be a hard one for the bulls to crack if reached. It is effectively a prev sw lo zone x 3 on 1hr/4hr = prev supp = pot sbr. That said a 'big' reaction to the U.s NFP numbers if on the upside, could do it. Time will tell. Continued Good Luck to you in your journey.
Trader with an Edge.
  • #582,160
  • Mar 4, 2021 9:31pm Mar 4, 2021 9:31pm
i changed my mind
gu will drop more today
the last Friday candle cost me a 1000 $ account
from 1500$ profit in February , left only 200 $
the last weekly candle made it's impact
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yes yes yes
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