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Cable Update (GBPUSD)

  • #656,921
  • Apr 25, 2022 4:48am Apr 25, 2022 4:48am
...@ the current dly lo; probably unsurprisingly there are o/s or extreme o/s reads -or- regular bullish div in the oscillators stretching from 1min to dly and on mthly there is bullish hidden div...but no real 4mth uptrend to enter after a such a pullback. This said it could be point 5 of a 'general' exp tri pattern?

1hr below.
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Trader with an Edge.
  • #656,922
  • Apr 25, 2022 4:59am Apr 25, 2022 4:59am
Quoting Whale
first trade of the day long 1.2748 sl 1.2728 (20 pips) tp 1.287 (122 pips) *edit TP {image}
SL hit

im sorry, bye
  • #656,923
  • Apr 25, 2022 5:00am Apr 25, 2022 5:00am
No further diownside fibs to bother price (or not) until 76.4% of the longer-term swing up 2074-4249 @ 2584. Should 2675 give to the downside there is a prev wkly sw hi zone starting 2669 to circa 2628 = prev res = pot rbs thru which Wkly S2 runs @/around 2648. Dly S2 is in this current prev sw lo zone = prev supp = pot supp to 2675, @/around 2686.
Trader with an Edge.
  • #656,924
  • Apr 25, 2022 5:10am Apr 25, 2022 5:10am
2675 is the S were bulls will come into play SHORT TERM
average dude treading water
  • #656,925
  • Apr 25, 2022 5:22am Apr 25, 2022 5:22am
...50% downside ext of friday's pip range reached @ current dly lo deeper into this prev dly/wkly/mthly sw lo zone = prev supp = pot supp that extends to 2675...Dly S2 in it too - lower down @/around 2686. Just above that the 61.8% downside ext of fri's pip range @ 2691.
Trader with an Edge.
  • #656,926
  • Apr 25, 2022 5:31am Apr 25, 2022 5:31am
We are due for abc correction. First destination is 1.30 to 1.31. Drop to 1.28 to 1.29. Subsequent push to 1.33 to 1.34. From 1.34, i reassess.
That is my plan. May be wrong or right. Buys already in with pending buys at 1.26 area. First target is 1.30
  • #656,927
  • Apr 25, 2022 5:34am Apr 25, 2022 5:34am
Quoting Nd10
We are due for abc correction. First destination is 1.30 to 1.31. Drop to 1.28 to 1.29. Subsequent push to 1.33 to 1.34. From 1.34, i reassess. That is my plan. May be wrong or right. Buys already in with pending buys at 1.26 area. First target is 1.30
don't use pending in this situation.
follow price action once an hour for accumulation

things could chane very quickly.
usd need to get some sleep.
  • #656,928
  • Apr 25, 2022 5:37am Apr 25, 2022 5:37am
... Intraday trading: On days like this that exceed the 30day adr, - ideally I like to see also the 50% ext of the prev day exceeded as well as Dly S2 or R2, and ideally Dly S3/R3, before considering holding a counter-trend trade. It completes the 'extreme deviation' trilogy of factors for counter-trend holding re an effective 'mean-reversion extended pullback (+) type trade. Not an absolute necessity, but preferred. Currently we have 2 out of 3 of those factors.
-----------------------------------------------
108% of 6mth amr travelled so far in April now.
Trader with an Edge.
  • #656,929
  • Apr 25, 2022 6:00am Apr 25, 2022 6:00am
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  • #656,930
  • Apr 25, 2022 6:05am Apr 25, 2022 6:05am
... price just into the dly part of the prev dly/wkly/mthly sw lo to 2675, @ current dly lo

Dly below
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Trader with an Edge.
  • #656,931
  • Apr 25, 2022 6:09am Apr 25, 2022 6:09am
It is easier to follow the trend than to look for reversal points
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  • #656,932
  • Apr 25, 2022 6:11am Apr 25, 2022 6:11am
last trade for London

risk 10 for 60
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  • #656,933
  • Apr 25, 2022 6:14am Apr 25, 2022 6:14am
i have 2 plan order and 1st is to buy at 2750 but cus its last week on April i will just stay with the 2nd plan 1.2550


1 lot with 1000pips target 10k profit
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MY OPINION NOT FINANCIAL ADVISE
  • #656,934
  • Apr 25, 2022 6:17am Apr 25, 2022 6:17am
Quoting jmss59
It is easier to follow the trend than to look for reversal points {image}
disagree.
this is a market, supply and demand are here every minute, and we are intraday trader.
we cannot miss opportunities!
  • #656,935
  • Apr 25, 2022 6:19am Apr 25, 2022 6:19am
... there are falling wedges on 1hr and wkly.

1hr & wkly below
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Trader with an Edge.
  • #656,936
  • Apr 25, 2022 6:19am Apr 25, 2022 6:19am
Quoting jmss59
It is easier to follow the trend than to look for reversal points {image}

you maybe following a trend that already ended ....
MY OPINION NOT FINANCIAL ADVISE
  • #656,937
  • Apr 25, 2022 6:26am Apr 25, 2022 6:26am
Come back.


My gift sending to you......
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  • #656,938
  • Apr 25, 2022 6:27am Apr 25, 2022 6:27am
...knew it was likely to come, Price @ 148% 30day adr at the current dly lo...All t/f's 1min - 1hr were showing reg bullish div, triple div on the 5min histo osc...nice 5min PA trigger also just as price entered the dly part of that prev dly/wkly/mthly sw lo zone to 2675. Of course on wkly it's a prev sw hi then lo zone ie prev res that acted as rbs to give rise to the prev sw lo = prev supp = pot supp.

5min below
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Trader with an Edge.
  • #656,939
  • Apr 25, 2022 6:27am Apr 25, 2022 6:27am
Potential Revarsal at round number area
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yes yes yes
  • #656,940
  • Apr 25, 2022 6:36am Apr 25, 2022 6:36am
Quoting mysterio
Intraday view 1.28 is short target Retracement bounce could be as low as 1.2730s {image}
managed to get in for the long 1.2714

caught zero short, I was not fast enough
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