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Cable Update (GBPUSD)

  • #647,801
  • Jan 10, 2022 7:41am Jan 10, 2022 7:41am
Quoting kuroro001
{quote} To 500k ? who'll buy such crap at 500k really ? Look at Salvador, they have "legalised" btc and made it "real" money around 60k. It seems this country will go broke if btc fails
BTC will hot fail. Where the worldmis going it will not fail. It may not be the coin for everyday transaction when it is time for such transition, but the tech behind it and everything around it points to that. I knew when it was free. $500k is the target. And for the records, I hold no BTCs currently so I am giving my unbiased view. Whether it happens or not is a different story.
  • #647,802
  • Jan 10, 2022 7:43am Jan 10, 2022 7:43am
I trade DAX instead and made a quick 30p.
  • #647,803
  • Jan 10, 2022 7:44am Jan 10, 2022 7:44am
Quoting Headland
...deeper into that prev dly sw hi zone to 3607 from last november (9th,) now after a break above last week's 3599 hi. Some more supply there so far. A decisive break above it opens up the next prev sw hi zone on dly which extends to 3698. Only some fibs inbetween the two on the dly t/f. dly below. {image}
13834? If..
  • #647,804
  • Jan 10, 2022 7:44am Jan 10, 2022 7:44am
Quoting RichClaws
If 1.35 breaks through, then will go to 1.3580 (38.2% Fibo). Happy New Year everyone and big profits in the New Year!
Exactly 1.36. It looks like it will not go higher, it will go down to 1.34.
  • #647,805
  • Jan 10, 2022 7:46am Jan 10, 2022 7:46am
both of you are right but at different moments. I beleive it will sky rocket further more as goverments are pushing to eliminate cash and at the moment bitcoin is a washing machine. When currency settles wether cashless or not, then it will go back to 1637
POSTMASTER
  • #647,806
  • Jan 10, 2022 7:46am Jan 10, 2022 7:46am
I must say, although I was wrong, the 1.3582 line was in the end an important level indeed. When it gave way the pips follow. I wish I could paste pictures here but nobody wants to help.
  • #647,807
  • Jan 10, 2022 7:47am Jan 10, 2022 7:47am
Quoting RichClaws
{quote} Exactly 1.36. It looks like it will not go higher, it will go down to 1.34.
long long way down to 1.34 ,bullish is stronger
  • #647,808
  • Jan 10, 2022 7:48am Jan 10, 2022 7:48am
Show me the money mf
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yes yes yes
  • #647,809
  • Jan 10, 2022 7:49am Jan 10, 2022 7:49am
Okay guys, the next line (which it just touched) i.e 1.3555 will show the next move.
  • #647,810
  • Jan 10, 2022 7:49am Jan 10, 2022 7:49am
Quoting Mitiblotch
{quote} Of course to buy but there are lots of considerations. I observe patterns a lot. For the past few weeks I noticed they take price up on a Friday and then rotate downwards on Moday and Tuesday and then take it up a bit on Wednesday. I want to buy, but not here, never here! So I am selling. I won't buy until lower prices. So I generally have a concept of where price is going. But other factors have to be considered, like time, liquidity, price behaviour during the different trading sessions. Too many variables I got just by simply observing...
I am out of my shorts. EU is at a point where it can bounce and I don't want GU bouncing up with it and turning my profit to loss. I take my profit and run.
  • #647,811
  • Jan 10, 2022 7:51am Jan 10, 2022 7:51am
Quoting Robinhood1
lets try this one now {image}
Had a miscalculation earlier on cad chf.

this should be the good one

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POSTMASTER
  • #647,812
  • Edited 8:16am Jan 10, 2022 8:02am | Edited 8:16am
Quoting W0lfram
{quote} Scroll down
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plan and last result
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Air force
  • #647,813
  • Jan 10, 2022 8:02am Jan 10, 2022 8:02am
maybe
3546
3520
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  • #647,814
  • Jan 10, 2022 8:08am Jan 10, 2022 8:08am
Quoting Headland
... there is a repeating pattern of bearish hidden div on the wkly t/f now which may stay valid so long as price is below 3834 - the last LH in the wkly downtrend. Of course this is competing against bullish hidden div on the mthly t/f and that piercing pattern candle - last mthly close (effective opposite of dark cloud cover - Bones thinks this is a hi-probability candle pattern, and through anecdotal observation, this seems to to be so, but I have no empirical evidence to support this re actual probability over any historical representative sample...
its a fact, the easiest way to dis prove-it is find that pattern which must fit the rules , that then broke and then failed to produce an uptrend
on the monthly
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,815
  • Jan 10, 2022 8:10am Jan 10, 2022 8:10am
Quoting Moty
Show me the money mf {image}
Ty mf
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yes yes yes
  • #647,816
  • Jan 10, 2022 8:10am Jan 10, 2022 8:10am
[quote=Jolita;13850907]{quote}

Coreg2004 and TricorTrade

GJ lost its strenght to go higher.
Your planned trades worked well.

4h lower channel was broken.
Proved again, trade what you see, not what you hear.

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  • #647,817
  • Jan 10, 2022 8:12am Jan 10, 2022 8:12am
Quoting Moty
{quote} Ty mf {image}
looks good.
  • #647,818
  • Jan 10, 2022 8:24am Jan 10, 2022 8:24am
Quoting Wavegarrick
{quote} Hi Guys, What seemed a hopeless situation with all the bullish momentum on Friday actually turned out well for me. I closed out some of my sell trades above for a small 20 pips profit and have two more sell trades locked in. I tend to think that my weekly pivot at 1.35400 could be tested, alternatively, my mid-round number at 1.35500 is an attractive target. We have swung bullish overall so I will look for bullish signals to get in long. A solid break below my weekly pivot at 1.35400 could put bears back in the driving seat. All in all tough...
Spot on touch of my weekly pivot at 1.35400. Much quicker than I anticipated. The magnet has worked once again
Very crucial level in my opinion. Do we bounce up from here?
Cheers.
Trade to trade another day
  • #647,819
  • Jan 10, 2022 8:25am Jan 10, 2022 8:25am
Entered long
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yes yes yes
  • #647,820
  • Jan 10, 2022 8:27am Jan 10, 2022 8:27am
Quoting Wavegarrick
{quote} Spot on touch of my weekly pivot at 1.35400. Much quicker than I anticipated. The magnet has worked once again Very crucial level in my opinion. Do we bounce up from here? Cheers.
I agree, crucial level. Hit the rising trendline from 1.32400, 38.2% retrace from 1.34300-1.36030~61.8% retrace from 1.34900, along with resistance turned support on H4.
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