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Cable Update (GBPUSD)

  • #610,321
  • Jul 18, 2021 7:36am Jul 18, 2021 7:36am
O.K I looked it up Durian is a fruit from East Asia
  • #610,322
  • Jul 18, 2021 7:39am Jul 18, 2021 7:39am
Enjoy. Never seen it before.
  • #610,323
  • Jul 18, 2021 7:41am Jul 18, 2021 7:41am
Quoting Houtbay
O.K I looked it up Durian is a fruit from East Asia
Yes, Thailand, Malaysia, Brunei, Indonesia, Vietnam.

The biggest consumer is China Mainland.

They buy Durian , like there is no tomorrow (Supply & Demand).

That pushes the local price sky rocket ( Bull run...ha ha ha)

Maybe I will introduce Durian to be traded as Commodity to CME, same as coffee or Soy Bean.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #610,324
  • Jul 18, 2021 7:46am Jul 18, 2021 7:46am
I see right now m1, D1, and W1 up trend and m5, m15, H1, H4 and M1 down trend
Depending what strategie you are using it can be good, long entries or short entries. The market offers opportunities to all sides it just deppend the much pips you intend to take it.
  • #610,325
  • Jul 18, 2021 7:48am Jul 18, 2021 7:48am
Quoting Pat Chiko
{quote} Yes, Thailand, Malaysia, Brunei, Indonesia, Vietnam. The biggest consumer is China Mainland. They buy Durian , like there is no tomorrow (Supply & Demand). That pushes the local price sky rocket ( Bull run...ha ha ha) Maybe I will introduce Durian to be traded as Commodity to CME, same as coffee or Soy Bean.
Its delicious fruit. But we must know, cant to eat very much. Last time i eaten it, maybe more than 5Kg and i was sick 1 week.
  • #610,326
  • Jul 18, 2021 8:05am Jul 18, 2021 8:05am
Quoting Pat Chiko
{quote} Too much can cause internal body heat, especially, if consumed with beer. That will be no, no.
And coffee. Yeah i got stomach ache. Its to much because its free i got it from my friend and i sell it, especially durian tree
  • #610,327
  • Jul 18, 2021 9:02am Jul 18, 2021 9:02am
A test of 1.37 area looks imminent but nothing surprises me with this pair. A LH at 1.39 but yet to make a LL
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1.366 is sometimes respected, but sometimes price punches straight through it.
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  • #610,328
  • Jul 18, 2021 10:43am Jul 18, 2021 10:43am
I think this week will give a good sale, if you exceed the minimum of last samana it will be good.
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  • #610,329
  • Jul 18, 2021 11:09am Jul 18, 2021 11:09am
How's that for an image of the day?

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What a race. Great LH.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #610,330
  • Jul 18, 2021 11:41am Jul 18, 2021 11:41am
It looks like England and America are heading quickly towards another lockdown with COVID cases spiking again.
  • #610,331
  • Jul 18, 2021 11:46am Jul 18, 2021 11:46am
Quoting Houtbay
It looks like England and America are heading quickly towards another lockdown with COVID cases spiking again.

I think that is the point no more lockdown despite rising cases..because the majority are vaccinated
  • #610,332
  • Jul 18, 2021 12:18pm Jul 18, 2021 12:18pm
New data reveals that vaccinations reduce the severity of infections, however everyone is still susceptible to getting ill with the delta variant.
  • #610,333
  • Jul 18, 2021 12:28pm Jul 18, 2021 12:28pm
Hello Guys, I hope everyone has a good weekend.

Hmm, this is my view for the week.
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Try the simple and make it for you ~
  • #610,334
  • Jul 18, 2021 1:26pm Jul 18, 2021 1:26pm
Beware bears this news could give the pair a rest bite and maybe push up.
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Insane in the Brain..
  • #610,335
  • Jul 18, 2021 1:54pm Jul 18, 2021 1:54pm
GBPUSD long target 1.39. Thank me later
  • #610,336
  • Jul 18, 2021 1:55pm Jul 18, 2021 1:55pm
GU shorts are becoming pretty comfortable. IMO cable does not like you to get too comfortable and play the set and forget scenario. I see a liquidity void around 1.4050 and the price must go back to it. The price came down from that area in a pretty aggressive way to around 1.38xx. Summer trading suggests thin markets everywhere and my expectation is for a dramatic and sudden move up towards 1.4050 area to fill it up. When? I guess 1.373xx could act as a good liquidity pool and the big boys will find plenty of sellers to trap them in for a while by suddenly buying GU and taking it higher. So, from here,1.40xx first, then 1.36xx and below unless 1.373xx gets broken with confidence, then this scenario becomes good for the bin IMO. Have a great and profitable week everyone.
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Did you place your stop loss order? Why not?!? Story of my life...
  • #610,337
  • Jul 18, 2021 2:03pm Jul 18, 2021 2:03pm
Quoting coyoteuglyxxx
IMO cable does not like you to get too comfortable and play the set and forget scenario.
Couldn't agree more.
Everyone can see the chart, but only a few can actually read it.
  • #610,338
  • Jul 18, 2021 2:17pm Jul 18, 2021 2:17pm
20 gap up in the pre market show
i hope it stayed like this until the open
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yes yes yes
  • #610,339
  • Jul 18, 2021 2:58pm Jul 18, 2021 2:58pm
After opening it is very likely that the gap will be closed
  • #610,340
  • Jul 18, 2021 3:25pm Jul 18, 2021 3:25pm
Here's my take on GBPUSD as a medium-term swing trader. The GBPUSD market is in a sideways mode. On the daily time frame, price action has broken down a rising channel (blue) within which it has been operating for quite a while. However, there was little bearish follow-through as price action pulled back three days after the break of the rising channel. Presently, price action is in a sideways mode as it tackles the 1.37100 horizontal support area. We may see further sideways, or a northward pullback, of price action in the early part of this week but the 1.40000 area (magenta) is the immediate horizontal resistance. Should bears break down the 1.37100 area, we may see a southward drive towards 1.33920 (green), which is the next major horizontal support.

I may be wrong. Trade safe and prosper. Please trade based on your own trading rules and analysis.

KP

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Do your homework, follow the footprints of smart money
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