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Cable Update (GBPUSD)

  • #657,721
  • May 2, 2022 8:53am May 2, 2022 8:53am
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yes yes yes
  • #657,722
  • May 2, 2022 9:26am May 2, 2022 9:26am
Trade completed……

A good start to the week and month …
+4. in the bank
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  • #657,723
  • May 2, 2022 9:30am May 2, 2022 9:30am
Time to go Long
  • #657,724
  • May 2, 2022 9:32am May 2, 2022 9:32am
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yes yes yes
  • #657,725
  • May 2, 2022 9:49am May 2, 2022 9:49am
Update from last post:

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  • #657,726
  • May 2, 2022 10:12am May 2, 2022 10:12am
Quoting Wavegarrick
{quote} Hi Guys, So far so good. I closed some of my weaker buy trades. If we close the week above 1.25000 and my long term 61.8% fib retrace at 1.24939 and more so above 1.25500 I see no problem for 1.2600. My future weekly pivot at 1.26051 should be attained. I am curious to see if price smashes through 1.26051 which could set the tone until the 20th of May next month until 1.28289 or further until 1.30257 (see chart). We are in a greater downtrend and I am cautious at this point, however I am picking up cyclic bullish hints from my indicators...
Buy trade opened at 1.25112 and 100 pip s/loss. I could look to close my buy trades on a daily close below 1.2500.
Cheers.
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Trade to trade another day
  • #657,727
  • May 2, 2022 11:08am May 2, 2022 11:08am
Buy signal for me over here, targeting 1.27
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  • #657,728
  • May 2, 2022 11:42am May 2, 2022 11:42am
Buy aktifated
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  • #657,730
  • May 2, 2022 12:06pm May 2, 2022 12:06pm
This is what i'm looking at, at the moment. If that is the peak, then rest assured GU is still going down. Price always trades away from the peaks. The peak at the bottom was confirmed hence price rose from that area. Remember, a trend does not go all the way without retracing. The market makers just like any trader do not have unlimited equity. They sell, sell, sell and realise, "Opps im running out of cash" what do I do? ANSWER: Correct against the trend and get my money back.This might have been a correction only to continue with the downtrend. I would not say it's safe to buy just yet. Trade wisely, green pips to all
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Executing trades with precision!!
  • #657,731
  • May 2, 2022 12:46pm May 2, 2022 12:46pm
there s no reason for counter this strong sell. V shape recovery is just a dream
chaos is just unknown order
  • #657,732
  • May 2, 2022 1:00pm May 2, 2022 1:00pm
Quoting fxmasterdxb
Buy signal for me over here, targeting 1.27 {image}
1.2460 is my line in the sand, if we get 30min/ 1hr candle close below i will close my longs
  • #657,733
  • May 2, 2022 1:19pm May 2, 2022 1:19pm
GBPUSD update. As usual I will post my previous image and the latest right after it:

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  • #657,734
  • May 2, 2022 1:48pm May 2, 2022 1:48pm
Clear pa in gu unlike eu, may fiflght for 2451 close daily, low 2439 but care 2464 next.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #657,735
  • May 2, 2022 1:54pm May 2, 2022 1:54pm
...didn't trade today (Uk Bank hol,) but did notice the 4hr bearish hidden div @ fri's hi. Will we see a' with 4hr+ downtrend' follow-thru to a new trend lo below last week's 2411 lo? Maybe tomorrow might tell us?

4hr below
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Trader with an Edge.
  • #657,736
  • May 2, 2022 1:59pm May 2, 2022 1:59pm
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yes yes yes
  • #657,737
  • May 2, 2022 2:08pm May 2, 2022 2:08pm
still as plan




temporal plan within the Q2
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MY OPINION NOT FINANCIAL ADVISE
  • #657,738
  • May 2, 2022 3:16pm May 2, 2022 3:16pm
Bullish Tuesday! Lets take out some stops
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  • #657,739
  • May 2, 2022 3:37pm May 2, 2022 3:37pm
Quoting Headland
{quote} Hi mate, just seen this, (not actually trading today re the bank Hol.) Re %'s - not really except when the 100%'s are breeched and of course the more 'extended' price gets beyond the 100%'s, particularly if also beyond the relevant R2/S2 of the t/f, then the more the chance of a 'meaningful' pullback. Others may see it/use it differently. Of course the adr is used for intraday trading and the awr/amr for longer-term trading. I wouldn't though be trying to time a 1min entry against an awr or amr 100%+ read solely....adr - yes that's more...
Yeah, cool, gotcha. Been using 5 period ADR cause i'm intraday. It's a good level to try and get a reversal around. AWR I've had decent reversals from in the past obviously not m1-- just trying to think about this level more. So we've traveled 50% of AWR already apparently, using your preferred period ?
  • #657,740
  • May 2, 2022 3:44pm May 2, 2022 3:44pm
Quoting mysterio
{quote} Yeah, cool, gotcha. Been using 5 period ADR cause i'm intraday. It's a good level to try and get a reversal around. AWR I've had decent reversals from in the past obviously not m1-- just trying to think about this level more. So we've traveled 50% of AWR already apparently, using your preferred period ?

Yeah, 55% so far of 13 wk awr, not a bad move for a Bank Hol monday! - volatility seems to be back in this pairing, (for now at least.) As for my preferred numbers for these - I can't even remember why I chose them it's that long ago. It could be anything theoretically, I don't think there's any right and wrong except that you should set them sufficiently near to the present so they are 'relevant.' What happened 10years ago for eg probably isn't that relevant today re ranges.
Trader with an Edge.
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