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Cable Update (GBPUSD)

  • #610,261
  • Jul 16, 2021 10:46pm Jul 16, 2021 10:46pm
Quoting OnlineAddict
If I was bullish biased at 3800, I am now even more bullish biased at 3760. Easy long into next week...3840-60 first target. Looking at other pairs for clues and the candle setup of today...this NY drop is a setup into next week to me. Gap up wouldn't surprise me.
Hit the roof next week. Maybe Monday/Tuesday will be drop then UP UP UP
  • #610,262
  • Jul 16, 2021 11:42pm Jul 16, 2021 11:42pm
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  • #610,263
  • Jul 17, 2021 12:07am Jul 17, 2021 12:07am
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Morning let’s see what we have got . Weekly doji top but no cross of emas but trading under them both so resistances … so any trades on the lower tc after 10 and 20 ema is a safer trade . Or rules as soon as price closes under the 10 ema a full body candle then entry on the next candle at that previous candle close . 2 stops should be at the bottom of the previous candle under the curve of the ema
  • #610,264
  • Jul 17, 2021 12:12am Jul 17, 2021 12:12am
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On the above weekly . If you use the above rule you would of been waits a few weeks to enter . So we look to the lower times for enter. The drawn lines on the above chart are support lines . Remember the rule above we see a big wick that needs to be filled at some time .. we note that ..
  • #610,265
  • Jul 17, 2021 12:16am Jul 17, 2021 12:16am
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the above post shows the 1 hour with support lines so 1 are we going to support and then back to that box … but which level of support do we go to . See the weekly and remember the rules .
  • #610,266
  • Jul 17, 2021 12:21am Jul 17, 2021 12:21am
The above post is the 5 in wher I entered my 3 Rd trade even thou it was close to the bottom at 81 with 10 pip stop and the two other trades are pp on the 3791 so safe trades .. so on the 5 min I entered before my rule … just call it intuition.. so the rule is full body candle then next candl enter on the top of the previous candle close and use your stop . If ??? If price moves off adjust the stop to be ….. I hope that gives you some insight of how I trade .. if not sorry if I wasted your time .. have a good weekend Regards E
  • #610,267
  • Jul 17, 2021 12:28am Jul 17, 2021 12:28am
Best way to short BTC/USD. No Stop, No BS..
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Did you place your stop loss order? Why not?!? Story of my life...
  • #610,268
  • Jul 17, 2021 1:38am Jul 17, 2021 1:38am
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yes yes yes
  • #610,269
  • Jul 17, 2021 2:54am Jul 17, 2021 2:54am
Quoting coyoteuglyxxx
Best way to short BTC/USD. No Stop, No BS.. {image}
I don't see how this would correlate with the price of btc, other than driving it up. If all countries banned mining now, it would make bitcoin only more valuable, as there would be more demand than supply.
Everyone can see the chart, but only a few can actually read it.
  • #610,270
  • Jul 17, 2021 3:02am Jul 17, 2021 3:02am
Quoting OnlineAddict
{quote} I don't see how this would correlate with the price of btc, other than driving it up. If all countries banned mining now, it would make bitcoin only more valuable, as there would be more demand than supply.
Agree. If the global central banks keep on discouraging people away from crypto and precious metals while introducing their own CBDC, it make it more suspicious.
Lost....
  • #610,271
  • Jul 17, 2021 3:03am Jul 17, 2021 3:03am
Quoting OnlineAddict
If I was bullish biased at 3800, I am now even more bullish biased at 3760. Easy long into next week...3840-60 first target. Looking at other pairs for clues and the candle setup of today...this NY drop is a setup into next week to me. Gap up wouldn't surprise me.
so we looking at the extract opposite to this week. Hit the highs and then the trapdoor opened. I’m still long as I’m still seeing 13930-60
Insane in the Brain..
  • #610,272
  • Jul 17, 2021 4:03am Jul 17, 2021 4:03am
Quoting OnlineAddict
{quote} I don't see how this would correlate with the price of btc, other than driving it up. If all countries banned mining now, it would make bitcoin only more valuable, as there would be more demand than supply.
it's already afftectted the bitcoin transactions. it takes more than 5 days now to complete transaction using bitcoin now.
  • #610,273
  • Jul 17, 2021 4:21am Jul 17, 2021 4:21am
Quoting selfrit
{quote} it's already afftectted the bitcoin transactions. it takes more than 5 days now to complete transaction using bitcoin now.
Do you have any evidence of this?
  • #610,274
  • Jul 17, 2021 4:22am Jul 17, 2021 4:22am
Quoting Waveskierrob
{image}


Hello Mr. Waveskierrob

Can you please stop posting political related agenda in this thread.

Thank you.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #610,275
  • Jul 17, 2021 4:55am Jul 17, 2021 4:55am
Quoting Wavegarrick
{quote} Hi Thomi, I have explained my view as I have gone along throughout the year. If you look at my previous posts you will see why I am short and the reasons why I do not take long trades. At this point in time, I see any retraces as selling opportunities. And the 61.% fib retrace was a decent area to take a short trade. I need a decent break above my blue trendline( see chart) to adjust my view to being bullish. Take note my view is derived from the higher timeframes and I am not a scalper. Hope it helps Cheers. {image}
Hi Guys,
It has been long since I have seen such a strong close to the week........Fun to watch. We have a strong weekly close below my daily 200 SMA currently at 1.38071 ish. Having said that, 1.37500 is also a level that could see a bounce up in the new week. My future weekly pivot at 1.38071 also coincides with the 38.2% fib retrace of Friday's swing high to the current low just above 1.37500. More importantly, is that my round number at 1.3800 has served as a strong support line in the past. So with all these confluence areas and also having the 200 SMA at 1.38071, I have a strong argument to add more shorts, with stops just above the descending trend line (Khaki). Targets would be around 1.37000 and I fancy my monthly support 1 and yearly medium resistance at 1.3672 and 1.36601. Take note, this is one scenario.

Alternatively, price could also be dropped straight down from 1.37500 to 1.37000 for an overshoot to 1.36601 ish. This would not come as a surprise to me with the current momentum. This also makes sense as we have Monday the 19th and from past experience reversals, retraces or corrections could occur from the 20th going into monthend. I will be monitoring my descending trendlines for signs of bullish breakouts and use the timing of my indicator signals for buy entries if it comes to that.
In summary, next week could be very interesting and of course extra volatility.
Have a great weekend and all the best for next week.
Cheers.
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Trade to trade another day
  • #610,276
  • Jul 17, 2021 5:10am Jul 17, 2021 5:10am
Quoting selfrit
{quote} it's already afftectted the bitcoin transactions. it takes more than 5 days now to complete transaction using bitcoin now.
I used btc just recently and no issues, few seconds up to few minutes. It depends who you are sending money to and what fees you pay, some will wait for more confirmations and the lower fees you pay, the less people are willing to "move" it.
Everyone can see the chart, but only a few can actually read it.
  • #610,277
  • Jul 17, 2021 5:14am Jul 17, 2021 5:14am
GBPUSD LONGTERM
JUST FIND BULLISH CONFIRMATION AT SUPPORT AREA
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #610,278
  • Jul 17, 2021 5:46am Jul 17, 2021 5:46am
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #610,279
  • Edited 9:15am Jul 17, 2021 5:59am | Edited 9:15am
Quoting OnlineAddict
{quote} I don't see how this would correlate with the price of btc, other than driving it up. If all countries banned mining now, it would make bitcoin only more valuable, as there would be more demand than supply.
Bitcoin produce the same no matter how many miners ,theres an ease adjustment ,but less miner is less secure

"Jul 2, 2021,03:21pm EDT|26,626 views
Bitcoin Faces The Largest Ever Negative Difficulty Adjustment"
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #610,280
  • Jul 17, 2021 6:03am Jul 17, 2021 6:03am
what I'm seeing for next week. we might have a choppy week in this channel since 1.36800 is a strong SD zone. and I don't see any reason breaking it down unless sth really bad happens like delta variant darken the future outlook of UK or UK postpone lifting the restrictions
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