Seems like we are expanding higher to grab sell side liquidity and possibly enter a sell position. Have to bear in mind that today is friday and we are going to the afternoon where the market dies off. Recap of the day so far:
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Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Disliked{quote} well done, congrats. But call the child by his name. when market is trending big time you are cant handle it, nobody does because we are trading probability, and its not always work as we expect, never mind what yours strategy is. you can take every strategy that you want, it has a weakness.. and without control the weaknesses of the strategy, the account will burn, Boris will phone home for a margin call. shabat shalom.Ignored
Disliked{quote} That's now 162 pips bounce off the low of 1.2411... the expected bounce ought to be at least 680 pips but won't be in a straight line. Now the big questions are ✓Have we bottomed at 1.2411? ✓Can 1.2358 - 1.2250 be ruled out after a clean break of strong support of 1.2475 was cleanly broken yesterday? Failure of this bounce to break 1.2715 means price return to break 1.2358 - 1.2259 cannot be ruled out before final 1700 pips bounce to 1.41 will occur around December 2022... Trade with utmost caution, Cheers, George.Ignored
DislikedHave a good weekend all. Monday could be a slow burn with bank holiday in UkIgnored
Disliked{quote} Hi Guys, In Forex nobody knows where price will go. A saying that has always gotten me through, is " hope for the best but prepare for the worst". In my opinion money management is key. Today I closed one of my sell trades for 335 pips profit and got in at my key level at 1.24939 the long term 61.8% Fib retrace. Price action was relentless and went down a further 70 pips. I am still in the game with my sell trade pulling me through with 390 pips profit overall. I still believe however that we are at crucial levels. We are at my quarterly...Ignored
Disliked{quote} Good thinking, sounds like one of the sayings I repeat to myself systematically, with an emotionless "next !" for me just crazy wicks still <2520 or >2590 and we'd be taking business! or just expanding the crazy wicks ranging war...Ignored
Disliked{quote} I have a question about the value of Low (range price) , which I posed in the form. Because of the weakness of the language, I can say it correctly {image}Ignored
Disliked{quote} Morning as just posted on 61% now . Extension was 2618 if I remember from yesterday. But just woke and need to recheck on my pc . Any short move was 2380 is and 2250 . Let’s se what happens . Looking at my 5 min chart if I were playing it over night I would of had 5 added trades and 1 loss on the way I trade so definitely buyers were in and still are upto now .. Regards EIgnored