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Cable Update (GBPUSD)

  • #648,141
  • Jan 12, 2022 11:50am Jan 12, 2022 11:50am
Last chance to bounce
Attached Image (click to enlarge)
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Air force
  • #648,142
  • Jan 12, 2022 11:52am Jan 12, 2022 11:52am
Quoting OnlineAddict
{quote} 3700 done, even though it didn't look promising for bulls at 3200. Now it doesn't look good for bears, so I will look into shorts. Don't want to go with the herd atm. 3700 is a good short, even if it goes higher...target open for now.

well done..My wife said to me yesterday " why u always do the opposite of what u supposed to do?"
Im like I have no idea..lol
  • #648,143
  • Jan 12, 2022 11:56am Jan 12, 2022 11:56am
Quoting Georginson
{quote} Hello Leon, your posts are valuable. Here is my view, this break of 1.3670 (March and April 2021) support that should have acted as resistance now opens door for the projected high of 1.3780, which will potentially stretch January range to 350 pips which is the minimum expected range considering last 10 months minimum ranges. Some pull back of 60 - 110 pips may drag price back to 1.3600 - 1.3650 area before further push to break higher. Only a break and close below 1.3520 can invalidate 1.3780 this January. The bears should worry further...

if the direction is down it has to bounce here
I fear this sum bitch it looking to go up
Attached Image (click to enlarge)
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  • #648,144
  • Jan 12, 2022 11:58am Jan 12, 2022 11:58am
Quoting nAVIN2007
{quote} well done..My wife said to me yesterday " why u always do the opposite of what u supposed to do?" Im like I have no idea..lol
lol
Daddy, Brother, Lover, Little Boy
  • #648,145
  • Jan 12, 2022 12:01pm Jan 12, 2022 12:01pm
1.3700 has been broken. The momentum is very strong, sellers be careful and cautious.
  • #648,146
  • Jan 12, 2022 12:07pm Jan 12, 2022 12:07pm
Quoting duve
1.3700 has been broken. The momentum is very strong, sellers be careful and cautious.
Best to wait till day close and decide if it was broken or not. Annoyingly GU is not even moving as much as EU.
  • #648,147
  • Jan 12, 2022 12:27pm Jan 12, 2022 12:27pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #648,148
  • Jan 12, 2022 12:35pm Jan 12, 2022 12:35pm
Quoting Mitiblotch
{quote} Best to wait till day close and decide if it was broken or not. Annoyingly GU is not even moving as much as EU.
Already moved 550+ pips, compared to EU with "only" 250 pips

Nice perf, but shorts was extremely positionned...the next weeks we shouldn't see such strong move
COT: The precious data ignored
  • #648,149
  • Jan 12, 2022 12:45pm Jan 12, 2022 12:45pm
Quoting nAVIN2007
{quote} well done..My wife said to me yesterday " why u always do the opposite of what u supposed to do?" Im like I have no idea..lol
Typical, and as soon you swich sides, goes against you
  • #648,150
  • Jan 12, 2022 12:46pm Jan 12, 2022 12:46pm
Simple Modified Recommendation for The Rest of January:

✓Price is Expected to Touch 1.3760 - 1.3790 by or before January 23.
✓Buy from 1.3610 - 1.3660 between 13th January to 23rd January with stop loss @ 1.3518
✓ Only a break and close below 1.3520 between 18th - 23rd January will invalidate 1.3760 - 1.3790.

Price is expected to meet a resistance between 1.3760 - 1.3790, which is expected to crash back to 1.3100 - 1.3080 by or before March 2022.

Only a break and close above 1.3790 will invalidate 1.3100 by or before March 2022.

Note: This is a recommendation with no obligation to follow.

Trade with utmost caution and bye for now.
George.
Data + Stat + Risk/Emotions Management
  • #648,151
  • Jan 12, 2022 12:47pm Jan 12, 2022 12:47pm
Quoting W0lfram
Last chance to bounce{image}

Noo, we need to bounce off.
Your candles not as scary as mine.
  • #648,152
  • Jan 12, 2022 12:47pm Jan 12, 2022 12:47pm
Quoting Georginson
Simple Modified Recommendation for The Rest of January: ✓Price is Expected to Touch 1.3760 - 1.3790 by or before January 23. ✓Buy from 1.3610 - 1.3660 between 13th January to 23rd January with stop loss @ 1.3518 ✓ Only a break and close below 1.3520 between 18th - 23rd January will invalidate 1.3760 - 1.3790. Price is expected to meet a resistance between 1.3760 - 1.3790, which is expected to crash back to 1.3100 - 1.3080 by or before March 2022. Only a break and close above 1.3790 will invalidate 1.3100 by or before March 2022....
Agreed
  • #648,153
  • Jan 12, 2022 12:48pm Jan 12, 2022 12:48pm
Quoting Khurum
{quote} Hello mate. Is it possible to share this range indicator or Expert for deep analysis? This can help not only for cable. Thank you. {image}
No. The coder specifically says not to post his code. Google is your friend. #advancedalientrading
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #648,154
  • Jan 12, 2022 12:50pm Jan 12, 2022 12:50pm
Quoting Jolita
{quote} Typical, and as soon you swich sides, goes against you
unbelievable
I think short is the way thou..longer term
USD I expect to get bullish longer term.

We have boris, energy bills, brexit to bring this mofo down..Boris on his own should be good enough
  • #648,155
  • Jan 12, 2022 12:53pm Jan 12, 2022 12:53pm
Quoting Georginson
Simple Modified Recommendation for The Rest of January: ✓Price is Expected to Touch 1.3760 - 1.3790 by or before January 23. ✓Buy from 1.3610 - 1.3660 between 13th January to 23rd January with stop loss @ 1.3518 ✓ Only a break and close below 1.3520 between 18th - 23rd January will invalidate 1.3760 - 1.3790. Price is expected to meet a resistance between 1.3760 - 1.3790, which is expected to crash back to 1.3100 - 1.3080 by or before March 2022. Only a break and close above 1.3790 will invalidate 1.3100 by or before March 2022....
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 51 KB

Updated
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #648,156
  • Jan 12, 2022 12:53pm Jan 12, 2022 12:53pm
Quoting nAVIN2007
{quote} if the direction is down it has to bounce here I fear this sum bitch it looking to go up {image}
This is only drop left.
Dxy positioned for a drop.

Unless BJ resigns immediately
  • #648,157
  • Jan 12, 2022 12:55pm Jan 12, 2022 12:55pm
Quoting Georginson
{quote} Hello Leon, your posts are valuable. Here is my view, this break of 1.3670 (March and April 2021) support that should have acted as resistance now opens door for the projected high of 1.3780, which will potentially stretch January range to 350 pips which is the minimum expected range considering last 10 months minimum ranges. Some pull back of 60 - 110 pips may drag price back to 1.3600 - 1.3650 area before further push to break higher. Only a break and close below 1.3520 can invalidate 1.3780 this January. The bears should worry further...
Hi, George thanks for your kind words and vice versa you too. We have just hit my 50% fib retrace at 1.37066. I am in a sell trade from there. Things are uncertain because we are 28 pips and some above the 2021 yearly open. For me, I would look more at a daily close above 1.3700 and more importantly a weekly close above 1.3700 for price to go up. Reversal Thursday or a retrace could be more certain for me, but important to drop and drop just as quick as the rise. I could be wrong,
Tight lines
Cheers
Leon
Attached Image (click to enlarge)
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Trade to trade another day
  • #648,158
  • Jan 12, 2022 1:02pm Jan 12, 2022 1:02pm
Gbpusd where to?
Still up, currently trapping sellers. Then price will be moved up quickly forcing sellers out before the big sell off takes place
  • #648,159
  • Jan 12, 2022 1:04pm Jan 12, 2022 1:04pm
Quoting Jolita
{quote} This is only drop left. Dxy positioned for a drop. Unless BJ resigns immediately

not sure...we still not sure of the impact behind Brexit
  • #648,160
  • Edited 1:34pm Jan 12, 2022 1:05pm | Edited 1:34pm
Quoting Jolita
{quote} Noo, we need to bounce off. Your candles not as scary as mine.
OTF buyers ('they') ready to buy from every high-picker... so far
edit: chart removed
Pullback to 1.364 - 35 would be nice to see
Air force
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