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Cable Update (GBPUSD)

  • #648,421
  • Jan 14, 2022 10:40am Jan 14, 2022 10:40am
Quoting nAVIN2007
{quote} price has retraced approx 50% high to low.. on monthly.. USD just retracing if the direction is indeed down..1.63 needs to break for bears to have any chance

1.63?
MY OPINION NOT FINANCIAL ADVISE
  • #648,422
  • Jan 14, 2022 10:45am Jan 14, 2022 10:45am
Quoting donfriday
{quote} 1.63?
Executing trades with precision!!
  • #648,423
  • Jan 14, 2022 10:46am Jan 14, 2022 10:46am
Quoting Robinhood1
{quote} {image}
Trying some outlooks in the lab squaring trendlines to gann. sharpenning the axe I am not a trendline trader but maybe i can get to speak the language
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POSTMASTER
  • #648,424
  • Jan 14, 2022 10:50am Jan 14, 2022 10:50am
MA200 Simple - Daily

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Together we can be strongest
Vantage Return This Month: na
  • #648,425
  • Jan 14, 2022 10:55am Jan 14, 2022 10:55am
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yes yes yes
  • #648,426
  • Jan 14, 2022 10:57am Jan 14, 2022 10:57am
Quoting donfriday
{quote} 1.63?

yes 1.36 oops
  • #648,427
  • Jan 14, 2022 11:17am Jan 14, 2022 11:17am
Quoting nAVIN2007
{quote} yes 1.36 oops
It should have not gone past 13630 before visiting 13350 in my opinion. Kuroko001 was dead right when he said buying above 13620 was not a good option. On the other hand, i donīt beleive in randomness and this is the beauty of trading, getting to understand the numorolgy behind it. So i have some shorts below 13620 which i expect to close when the big pullback comes and meanwhile will close my longs around 13850

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POSTMASTER
  • #648,428
  • Jan 14, 2022 11:20am Jan 14, 2022 11:20am
Quoting Wavegarrick
{quote} Anyway Folks, I have had my fair share of trials and tribulations and took 80 pips and some in losses, yesterday. My saving grace has been my buy trade from the 4th of January. I am in 2 more sell trades, We could well correct down from here but it remains to be seen on the weekly close. A correction is due, but when?. My logic tells me it could come from the 20th of this month. I wait and see. {image} On another note, Usdx is heading towards 94.50 and this level held for over a month in 2021 and was a strong barrier between bulls and bears....
Hi Guys,
It has been a turbulent week, nevertheless, a clearer picture emerges for me. It is almost certain unless something totally unexpected happens that we will close the week below 1.3700.,,,,,,,,,,,,,,,,,,,,,,, 1.3650 is a certain target for me. My yearly pivot is at 1.3649 and the line in the sand between bulls and bears for this year. My future weekly pivot at this point also lies there. I will closely watch a break of my ascending trendline next week which currently aligns with 1.36500. I do suspect a strong push-up but remains to be seen. We have 1 week to the 20 th of this month and I don't think bulls are done yet. Further down the line 1.3600 is an important area for bulls to defend or bears to break.
Have a great weekend
Cheers.
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Trade to trade another day
  • #648,429
  • Jan 14, 2022 11:24am Jan 14, 2022 11:24am
Quoting Robinhood1
{quote} That was great George. See how Gannīs wheel can spot turning points. Your forecast blue circle, my one green. I am still on the learning process, nearly there. Now i know 90š is the retracement. Now watch your forecast for the top 13745/80 if i can recall but look at the opposite 45š. 13865. Lets see {image}
We just reach Gannīs support level , lets see
POSTMASTER
  • #648,430
  • Jan 14, 2022 11:25am Jan 14, 2022 11:25am
Quoting Robinhood1
{quote} It should have not gone past 13630 before visiting 13350 in my opinion. Kuroko001 was dead right when he said buying above 13620 was not a good option. On the other hand, i donīt beleive in randomness and this is the beauty of trading, getting to understand the numorolgy behind it. So i have some shorts below 13620 which i expect to close when the big pullback comes and meanwhile will close my longs around 13850 {image}
i actually was wrong because it shot up 120 pips

Only right thing was COT, it clearly stated for the past week this kind of big rise
Now we'll see today how the positionning changed


But still got a feeling a move below 3500 is possible
COT: The precious data ignored
  • #648,431
  • Jan 14, 2022 11:26am Jan 14, 2022 11:26am
MA200 - H1 is working as support

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Together we can be strongest
Vantage Return This Month: na
  • #648,432
  • Jan 14, 2022 11:29am Jan 14, 2022 11:29am
Quoting kuroro001
{quote} i actually was wrong because it shot up 120 pips Only right thing was COT, it clearly stated for the past week this kind of big rise Now we'll see today how the positionning changed But still got a feeling a move below 3500 is possible
I beleive you were right conscously or not. I too was expecting a drop.
POSTMASTER
  • #648,433
  • Jan 14, 2022 11:31am Jan 14, 2022 11:31am
Quoting Robinhood1
{quote} I beleive you were right conscously or not. I too was expecting a drop.
My conclusion is that i am sure will be able to catch bottoms & tops but what happens in between is another story. I see this coming
POSTMASTER
  • #648,434
  • Jan 14, 2022 11:37am Jan 14, 2022 11:37am
Quoting Robinhood1
{quote} It should have not gone past 13630 before visiting 13350 in my opinion. Kuroko001 was dead right when he said buying above 13620 was not a good option. On the other hand, i donīt beleive in randomness and this is the beauty of trading, getting to understand the numorolgy behind it. So i have some shorts below 13620 which i expect to close when the big pullback comes and meanwhile will close my longs around 13850 {image}

don't be surprised if by the end of this month we at the lows..I have a hunch
just need to see 1.36 for that to materialise
  • #648,435
  • Jan 14, 2022 11:42am Jan 14, 2022 11:42am
Maybe the big players created a trap. I'm waiting the Usd Index in 97.87

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Together we can be strongest
Vantage Return This Month: na
  • #648,436
  • Jan 14, 2022 11:55am Jan 14, 2022 11:55am
Quoting nAVIN2007
{quote} don't be surprised if by the end of this month we at the lows..I have a hunch just need to see 1.36 for that to materialise
yes below 13250 is possible
POSTMASTER
  • #648,437
  • Jan 14, 2022 12:05pm Jan 14, 2022 12:05pm
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #648,438
  • Jan 14, 2022 12:27pm Jan 14, 2022 12:27pm
a break below 1.35 take us 1.30 and 1.29

price stay above 1.35 by end of 1st quarter 1.40 and 1.42
MY OPINION NOT FINANCIAL ADVISE
  • #648,439
  • Jan 14, 2022 12:28pm Jan 14, 2022 12:28pm
Quoting nAVIN2007
{quote} I feel we have seen the top..now attack the bottom
Where is the bottom please my market mover @Navin
  • #648,440
  • Jan 14, 2022 12:39pm Jan 14, 2022 12:39pm
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