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Cable Update (GBPUSD)

  • #622,781
  • Sep 10, 2021 6:33am Sep 10, 2021 6:33am
Profit Lock.
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Intraday Trading is an Art _ hoda
  • #622,782
  • Sep 10, 2021 6:58am Sep 10, 2021 6:58am
I think ppi should come in around forecast if there saying energy has been the main driver ,theres a lot of green in a row
it's currently running over 7% but the fed are not worried
another 1% er they might have to be worried ,anyway I read cable as bullish on the daily - at res
a bit higher would break the last week
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #622,783
  • Sep 10, 2021 6:58am Sep 10, 2021 6:58am
1.38900 is the daily wave down. Let’s see if price sells down or breaks up.
  • #622,784
  • Sep 10, 2021 7:05am Sep 10, 2021 7:05am
Quoting gatenio
{quote} the ab=cd 1618 pattern is invalid. basically wave 3 is 1.618/2.168 pick a number in between so short will come. How far, idk. not going to try. friday is cryday, better stay safe. even crypto didnt smile to me as always.
so do I, yesterday I loss on two execution 127 and 161.8 ab=cd 2nd zone, Im done on the cable from yesterday.
see ya next week hopefully better and have a nice weekend
Daddy, Brother, Lover, Little Boy
  • #622,785
  • Sep 10, 2021 7:12am Sep 10, 2021 7:12am
Quoting Kaysole
{quote} It's quite possible.
And indeed it's breaking 1.388 now after a 20 pips pullback.
Aim for what's achievable and don't be a dreamer.
  • #622,786
  • Sep 10, 2021 7:14am Sep 10, 2021 7:14am
Buy tp 9160
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  • #622,787
  • Sep 10, 2021 7:18am Sep 10, 2021 7:18am
1.39 is a key level, how the market react (big players) holding or rejection ,i mean Weekly close??
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #622,788
  • Sep 10, 2021 7:26am Sep 10, 2021 7:26am
Quoting Mastapips60
Buy tp 9160 {image}
you bought 3888ish previous daily 4hr high is 3890 sort of buying resistance??
If you are new to Forex? Say Goodbye to your account!!
  • #622,789
  • Sep 10, 2021 7:26am Sep 10, 2021 7:26am
Away from home desk I just took this short. RR 1:1


if my sl hit next short will be 3950 or 3975
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MY OPINION NOT FINANCIAL ADVISE
  • #622,790
  • Sep 10, 2021 7:37am Sep 10, 2021 7:37am
Quoting Mr.Burger
{quote} so do I, yesterday I loss on two execution 127 and 161.8 ab=cd 2nd zone, Im done on the cable from yesterday. see ya next week hopefully better and have a nice weekend
thanks bro, let the pattern be our guide!

try another short..
1.3878.
4h structure 3/9 high
  • #622,791
  • Sep 10, 2021 7:49am Sep 10, 2021 7:49am
Quoting KiwiTrada
{quote} you bought 3888ish previous daily 4hr high is 3890 sort of buying resistance??
Wave not complete yet
  • #622,792
  • Sep 10, 2021 8:07am Sep 10, 2021 8:07am
Another rejection of 13890 could be going down for a bit before any up movement
Insane in the Brain..
  • #622,793
  • Sep 10, 2021 8:21am Sep 10, 2021 8:21am
Quoting DLTrader
{quote} And indeed it's breaking 1.388 now after a 20 pips pullback.
Good call DLTrader

However, my entry was at 1.3880 and my SL is at 1.3895, so I'm still in the trade as I'm anticipating a move down. Of course, anything could happen and as soon as I post this, price could just jump up and hit my stop loss....it has happened before.
  • #622,794
  • Sep 10, 2021 8:22am Sep 10, 2021 8:22am
Am I only one who's target is above 1,3900? Let's say: 1,3983! Maybe next week.
  • #622,795
  • Sep 10, 2021 8:25am Sep 10, 2021 8:25am
Quoting bigiivan
Am I only one who's target is above 1,3900? Let's say: 1,3983! Maybe next week.
no your not the only one. If 139 is cracked well then a rise towards 140 is on the cards as Jay mentioned too. If for example 139 is hit and it struggles to go much beyond then I’d be looking to short
Insane in the Brain..
  • #622,796
  • Sep 10, 2021 8:28am Sep 10, 2021 8:28am
H4 in red
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  • #622,797
  • Sep 10, 2021 8:30am Sep 10, 2021 8:30am
Quoting hoda
Profit Lock. {image}
hoda...
drain the bank ?

I'm close all these and then switching

SU
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  • #622,798
  • Sep 10, 2021 8:30am Sep 10, 2021 8:30am
The price playing around that top range. Break up can push more 50 pip. Break range low will take to daily open
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #622,799
  • Sep 10, 2021 8:31am Sep 10, 2021 8:31am
As long as price stays above 1.3850, bulls have upper hand. But weekly close below1.3792, bearishness might get momentum. 1.3826 - 1.3816 is crucial price zone.

No trades today yet.
  • #622,800
  • Sep 10, 2021 8:47am Sep 10, 2021 8:47am
Quoting BeeTogether
{quote} no your not the only one. If 139 is cracked well then a rise towards 140 is on the cards as Jay mentioned too. If for example 139 is hit and it struggles to go much beyond then I’d be looking to short
If today close bullish 1,39 will be cracked.
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