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Cable Update (GBPUSD)

  • #650,961
  • Feb 4, 2022 1:50pm Feb 4, 2022 1:50pm
Quoting Pat Chiko
{quote} Literally "kink " is a twist for barb wire fence. Picture {image} I'm not sure other definition, as I'm non native english speaking with very limited vocabulary. Sorry. aplogy
After a "kink" line is broken or crossed, is it still valid or remove it?

Thanks, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #650,962
  • Feb 4, 2022 1:55pm Feb 4, 2022 1:55pm
Quoting Georginson
Hello Guys, it has been a very eventful week which aligned with my anticipated zones. Price is now set to close below THE DECIDER 1.3571 which now sets the tone for a fall to 1.3200 this February as far as 1.3661 holds. Trade with utmost caution. Cheers, George.
Ok, good, as far as 3661 holds but 3200 likely long time. Days correction down may ready bull to go start, next week perhaps. 2 prominent levels still remain untouched before real decision while market too restless, all ranging without much progress.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #650,963
  • Feb 4, 2022 2:00pm Feb 4, 2022 2:00pm
Quoting gespiri
{quote} Hi OA, if it goes lower than 1.34 then the pattern is invalidated IMO. We'll wait and see.
Not to me...nothing can possibly invalidate 1.37, not even 1.33 or lower.
Everyone can see the chart, but only a few can actually read it.
  • #650,964
  • Feb 4, 2022 2:42pm Feb 4, 2022 2:42pm
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yes yes yes
  • #650,965
  • Feb 4, 2022 2:42pm Feb 4, 2022 2:42pm
Quoting Wavegarrick
{quote} Hi Navin, I ran from being ecstatic in my sell trade at 45 profit to a 15 pip loss and currently at 65 pips profit in my buy trade, So yes it felt good. Damn MF's as Moty would put it Cheers, Bud.

It is very difficult to find a runner..almost everything is coming back and then going in the direction intended..I have no idea how u can keep track of all those trades at the same time but it appears to be working!

good stuff bro
  • #650,966
  • Feb 4, 2022 2:43pm Feb 4, 2022 2:43pm
Quoting Robinhood1
{quote} Eur up & cable down for a while. I may be wrong
I still have to see. I may be right
POSTMASTER
  • #650,967
  • Feb 4, 2022 3:07pm Feb 4, 2022 3:07pm
Quoting trumps
A bearish cypher pattern on the monthly. Of particular interest to me is last months rejection of key resistance {image} {image}
My own view.
Enjoy the weekend.
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Compulsions can be hard to resist
  • #650,968
  • Feb 4, 2022 5:42pm Feb 4, 2022 5:42pm
Quoting trumps
{quote} My own view. Enjoy the weekend. {image}

5 :0 bullish pattern down there ...
not euphoria follower
  • #650,969
  • Feb 5, 2022 1:01am Feb 5, 2022 1:01am
the reason why gu stopped dropping yesterday is because the dx got hammered by the 200 ema channel
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yes yes yes
  • #650,970
  • Feb 5, 2022 1:55am Feb 5, 2022 1:55am
GBPUSD made an excellent bearish move in the 30M chart yesterday. I was able to catch the move and made some pips from it. The daily chart suggests that the pair has been bullish. Friday's candle came out as a bearish engulfing candle. The buyers may wait for the price to produce a bullish reversal candle in the daily chart to go long in the pair. If that happens, the pair may resume its bullish move.
  • #650,971
  • Feb 5, 2022 2:02am Feb 5, 2022 2:02am
Quoting trumps
{quote} My own view. Enjoy the weekend. {image}
Some of these technical analyses are misleading
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #650,972
  • Feb 5, 2022 2:04am Feb 5, 2022 2:04am
Trading doesn't have to be complicated. Keep it simple
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #650,973
  • Feb 5, 2022 4:03am Feb 5, 2022 4:03am
Quoting 9jatrader
{quote} Some of these technical analyses are misleading
In what way?
Compulsions can be hard to resist
  • #650,974
  • Edited 9:11am Feb 5, 2022 6:14am | Edited 9:11am
the weekly is still bullish ,line in sand is this week low
actually it did very well to go that high
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #650,975
  • Feb 5, 2022 6:27am Feb 5, 2022 6:27am
Price has closed the week below THE DECIDER 1.3571, Now expect a crash to 1.3346 between 9th to 14th February, Then Further Crash to 1.3200 by or Before February 28th.

Only a weekly close above 1.3571 will invalidate this forecast.

Remember, Money management is the king and surpasses all forms of analysis.

Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #650,976
  • Feb 5, 2022 6:30am Feb 5, 2022 6:30am
I think the resignations is the event that weighed on £ ,but also these people are deemed responsible for partygate
they were given an option resign rather than be sacked ,I doubt Boris is going anywhere
he can't admit he gave them an option to save their career ,these are close aides
so it looks bad
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #650,977
  • Feb 5, 2022 8:23am Feb 5, 2022 8:23am
What is the situation of EUR/CAD now??
  • #650,978
  • Edited 10:10am Feb 5, 2022 9:31am | Edited 10:10am
Weekend breaks are good for reflecting. I read friday“s posts today basically and out of all short term scenarios i like mother Teresa“s. In my continously learning process i will turn my positions around asap (with some profits) to reach around 14450/4500 mid long term. I maybe wrong
POSTMASTER
  • #650,979
  • Feb 5, 2022 9:47am Feb 5, 2022 9:47am
Quoting nAVIN2007
{quote} It is very difficult to find a runner..almost everything is coming back and then going in the direction intended..I have no idea how u can keep track of all those trades at the same time but it appears to be working! good stuff bro
Hi Navin,
Quote
It is very difficult to find a runner..almost everything is coming back and then going in the direction intended
January to Feb usually ranges for me. It is difficult to get runners going. Patience is of utmost importance here.
Quote
I have no idea how u can keep track of all those trades at the same time
It is very simple. I run my system off a dashboard based on my system and I enter manually. It would be impossible to do so otherwise,
Cheers.
Trade to trade another day
  • #650,980
  • Feb 5, 2022 10:08am Feb 5, 2022 10:08am
Quoting khella76
What is the situation of EUR/CAD now??
This is an outlook from Dec.2021. January.2022 forecast is out but does not mention EURCAD. That is why I am sharing Dec.2021 forecast.

22Q1 - January - March, 2022 = Price: 1.42
22Q2 - April-June, 2022 = Price: 1.42
22Q3 - July-September,2022 = Price: 1.44
22Q4 - October-December, 2022 = Price: 1.45

The four quarters end: March Q1; June Q2; September Q3; and December Q4.



https://think.ing.com/articles/eur-u...e-ecb-meeting/

EURUSD:
Lagarde hawkish speech on Thursday, the market reacted. This was a suprise for everyone, that is why it went up so fast. But until March, monetary meeting, The price should retrace to about 1.13. Once there is a meeting in March if they are still dovish and or neutral, the price will keep on falling, if they come out hawkish and raise interest rates, this will go up further. But with EURO they are still buying bonds, if they want to hike rates, bonds need to end first we need to see higher inflation and GDP data for euro in order for EURO to become more bullish and actually go up further. But those were just Lagarde words, and I think this is a bull trap. But will have to wait and see. Trade safe.


These are forecasts and can change every month. But it helps to see where market is for now and where it can go. Of course before all of these, read and analyze fundamentals macro economics, and than apply it to charts. Be patient, add positions and hold, it pays off. If you want to break it down from higher time frames, look at the chart, monthly, weekly and daily and all supply zones on all three charts TF's, are there. Trade safe.
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