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Cable Update (GBPUSD)

  • #650,741
  • Feb 3, 2022 4:57am Feb 3, 2022 4:57am
At moment not big activity or pressure SHORT, seems just LONGs taking profit....but BEARs are waiting on the river side
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  • #650,742
  • Feb 3, 2022 5:12am Feb 3, 2022 5:12am
1.3560 -> 1.3200 -> 1.3460 -> 1.30
  • #650,743
  • Feb 3, 2022 5:12am Feb 3, 2022 5:12am
Quoting mysterio
looking to buy the next dip given PA confirmation for 50 pips target
i opened and closed my trade already when sellers were absorbed in my zone of interest

just shy of 5xR, yea closed way too soon -- think i was nervous about the news

profit is profit will check back in NY post news
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  • #650,744
  • Feb 3, 2022 5:17am Feb 3, 2022 5:17am
what to expect on news
  • #650,745
  • Feb 3, 2022 5:23am Feb 3, 2022 5:23am
Quoting knkie
morning H1 needs to close above 3560 for a uptrend to resume. M15 needs to close below 3547 for a down trend continuation
I disagree. H1 is the "wrong TF" for that decision: Try H4 and apply your "uptrend resume" criteria.
To free Gazans of Hamas, use whatever it takes.
  • #650,746
  • Feb 3, 2022 5:25am Feb 3, 2022 5:25am
SELL...
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  • #650,747
  • Feb 3, 2022 5:27am Feb 3, 2022 5:27am
Quoting kuroro001
{quote} i'd like a rise towards 3609/21 before shorting Trend is up, but today is correction (range), any positions should do the job if well managed
Trend is up, but today is correction (range),
Trend on which TF??? Please, be explicit with the CONTEXT.

A: "It's raining today."

B: "WHAT??? The skies are CLOUDLESS and bright sunshine!"

Both are correct: A lives in northern England and B lives in Sudan.
To free Gazans of Hamas, use whatever it takes.
  • #650,748
  • Feb 3, 2022 5:35am Feb 3, 2022 5:35am
Long in at 1.3551 target 1.3569
Don't trade what you think. Just what you see!!!
  • #650,749
  • Feb 3, 2022 5:35am Feb 3, 2022 5:35am
Quoting Mitiblotch
I sold at 1.3556. This is a minuscule quantity; just 0.01 to test the waters. I sincerely do Not believe that the BOE will hike rates today again. If they do that will be the first time they hike rates in two consecutive meetings. I don't see it happening. So, for me, the rise was on hot air. Reality should soon set in. But in case reality doesn't set in my trade is just 0.01 out of the 2lots I can do. Lol...
Edit: I just checked this image!

Out with a few pips. I actually added to the short. But the reason I am exiting is the image below. It never works well for the herd whenever it is like this, except if all the bears were dealt with at yesterday's highs. I still don't want to take the risk:
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  • #650,750
  • Feb 3, 2022 5:40am Feb 3, 2022 5:40am
Quoting DrDave
{quote} I disagree. H1 is the "wrong TF" for that decision: Try H4 and apply your "uptrend resume" criteria.
well the test has already passed because m15 broke downward.
I appreciate your input...i think you use MA's but im just looking at price so there may be a difference in how we view the frames.
But I do agree with you that H4 is still in a powerful uptrend mode.

I also wanted to thank you because you often talk about how LFs make movements first that can transfer to HFs.
Its something i used to keep an eye on, what i call "Running up the frames", but i had lost sight of that lately and your posts made me realise how important it is, so thanx for that.
in wondering about yourself, you forgot what you came here to be part of
  • #650,751
  • Feb 3, 2022 5:47am Feb 3, 2022 5:47am
if news pushes the price below 1.35......is it logic to get a buy position???
  • #650,752
  • Feb 3, 2022 5:47am Feb 3, 2022 5:47am
Quoting Mitiblotch
{quote} They already bought the news. And if there is a hike maybe maximum of 60-70 pips spike. If they don't then sure, expect a deep, deep fall. I do NOT see them hiking. If they do then it will be the first time they hike in two consecutive meetings. The world has seen worse days and yet interest rakes were not hiked twice consecutively, why will they do it now? High inflation in the UK is not up to that of the US both in reality and in figures yet the US is bidding their time, why should the UK hike as though they are in panic mode? I don't...
the UK is a long way behind the curve but US is much further behind ,
these countries are running out of road to do what they want ,uk has to raise

eur have there head in the ground
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #650,753
  • Feb 3, 2022 5:59am Feb 3, 2022 5:59am
15min is very interesting:
- on the first time bulls closed their position
- during last hour they increased their activity more then bears.....someone knows BoE movement???
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  • #650,754
  • Feb 3, 2022 6:01am Feb 3, 2022 6:01am
Rate increased to 0.50%
  • #650,755
  • Feb 3, 2022 6:01am Feb 3, 2022 6:01am
Quoting Theoak
Long in at 1.3551 target 1.3569
Complete, but what a whip saw!!!!!
Don't trade what you think. Just what you see!!!
  • #650,756
  • Feb 3, 2022 6:02am Feb 3, 2022 6:02am
Quoting Jolita
Rate increased to 0.50%
and boom went price
lol
in wondering about yourself, you forgot what you came here to be part of
  • #650,757
  • Feb 3, 2022 6:04am Feb 3, 2022 6:04am
Quoting knkie
{quote} and boom went price lol
..ahh I wanted drama and 2% drop
  • #650,758
  • Feb 3, 2022 6:06am Feb 3, 2022 6:06am
Quoting helioss
15min is very interesting: - on the first time bulls closed their position - during last hour they increased their activity more then bears.....someone knows BoE movement??? {image}
the asnswer is YESSSSSSS
  • #650,759
  • Feb 3, 2022 6:06am Feb 3, 2022 6:06am
Quoting knkie
{quote} and boom went price lol
Well stuck a small one on Long 1.3611...Lets see what the fundamentals will do !!!!! Just gonna let it ride!!!
Don't trade what you think. Just what you see!!!
  • #650,760
  • Feb 3, 2022 6:06am Feb 3, 2022 6:06am
Quoting knkie
{quote} and boom went price lol

But the question is will we see 137, or the opposite action?
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