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Cable Update (GBPUSD)

  • #658,361
  • May 7, 2022 3:55am May 7, 2022 3:55am
Hello!!

1. RL 1.2381
2. RL 1.2468
1. SL 1.2301
2. SL 1.2277
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  • #658,362
  • May 7, 2022 5:18am May 7, 2022 5:18am
Quoting Kimmymore
They designed their game. We have to accept so we're playing their game. GU BUY : DON'T WORRY. GU > 1.275XX & GU WILL HIT 1.29650. {image}
You're saying the reversal is here?
  • #658,363
  • May 7, 2022 5:32am May 7, 2022 5:32am
my opinion
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MY OPINION NOT FINANCIAL ADVISE
  • #658,364
  • May 7, 2022 5:33am May 7, 2022 5:33am
DXY in a reaccumulation/distribution

Only play the extremes of the range, DXY currently a sell so GU is a buy

At some point it will make a big drive up above the April highs but not yet
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  • #658,365
  • May 7, 2022 6:49am May 7, 2022 6:49am
Quoting Kimmymore
They designed their game. We have to accept so we're playing their game. GU BUY : DON'T WORRY. GU > 1.275XX & GU WILL HIT 1.29650. {image}
Sequence
1.22 ^ 1.28 - 1.29
1.22 ^ 1.34
1.34 ^ 1.28
1.28 ^ 1.40... December 2022 1.40

Let's see if I can get their predetermined prices right...
Data + Stat + Risk/Emotions Management
  • #658,366
  • May 7, 2022 7:04am May 7, 2022 7:04am
Quoting donfriday
my opinion {image}
The color palette blocked the price
  • #658,367
  • May 7, 2022 7:12am May 7, 2022 7:12am
Quoting mysterio
DXY in a reaccumulation/distribution Only play the extremes of the range, DXY currently a sell so GU is a buy At some point it will make a big drive up above the April highs but not yet {image}
I think like you my friend
I don't understand one thing
The British rate announcement and the nfp data were perfect time for big Revarsal move ,but they didn't do it , i very confuse about what they are planning
yes yes yes
  • #658,368
  • May 7, 2022 7:16am May 7, 2022 7:16am
Quoting Nd10
{quote} The color palette blocked the price

look to the left i have my key horizontal
MY OPINION NOT FINANCIAL ADVISE
  • #658,369
  • May 7, 2022 7:17am May 7, 2022 7:17am
Quoting Georginson
{quote} Sequence 1.22 ^ 1.28 - 1.29 1.22 ^ 1.34 1.34 ^ 1.28 1.28 ^ 1.40... December 2022 1.40 Let's see if I can get their predetermined prices right...

for me i think by 1st to 2nd Quarter 2023 1.40

just my view
MY OPINION NOT FINANCIAL ADVISE
  • #658,370
  • Edited 7:46am May 7, 2022 7:32am | Edited 7:46am
Quoting Moty
{quote} I think like you my friend I don't understand one thing The British rate announcement and the nfp data were perfect time for big Revarsal move ,but they didn't do it , i very confuse about what they are planning
Hi Moty good to see you're still going strong you're an FF legend!

Yeah tbh I completely ignore fundamental stuff, not cause I don't understand it but because it introduces bias. Worst thing for intraday trading is going in with some fundamental based bias.. for the swing traders I think they probably can benefit more from this

Can't say for sure what's going to happen but I think dxy can range for a bit longer grabbing liquidity from either side so I just go with what the chart is saying. GU chart to me is saying buy then look for sell.. just going by the expected dxy range

Going by past experience it's likely dxy will make a big drive up for liquidity if it's going down (I think this is likely). They're making it look like the 2017 high on DXY is resistance-- so there will be liquidity above so a big spike up on DXY almost guaranteed for me. Then the reversal may be late next week or the week after.

If this translates to GU then the reversal is soon but it won't be easy. It's likely to make another big move down to clear out early FOMO buyers. I think next week will see some ranging on both charts for the most part, pretty large range 100+ pips on GU so will be scalp heaven
  • #658,371
  • May 7, 2022 7:54am May 7, 2022 7:54am
last month range 7xx pips. this month I only plan to buy 1.196x.
if it doesn't reach this price I'll buy other pairs or sell.
  • #658,372
  • May 7, 2022 9:05am May 7, 2022 9:05am
Quoting chess king
last month range 7xx pips. this month I only plan to buy 1.196x. if it doesn't reach this price I'll buy other pairs or sell.
may i ask how did you get this number?

i have it on the chart as 50% of the weekly orders block.
just curious if you have the same number from another strategy

btw, this AB=CD*1.68
so 99.9% this is the main station for me.
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  • #658,373
  • May 7, 2022 9:26am May 7, 2022 9:26am
Quoting Georginson
{quote} Sequence 1.22 ^ 1.28 - 1.29 1.22 ^ 1.34 1.34 ^ 1.28 1.28 ^ 1.40... December 2022 1.40 Let's see if I can get their predetermined prices right...

I hope we dont see 1.22
  • #658,374
  • Edited 10:03am May 7, 2022 9:32am | Edited 10:03am
Quoting chess king
last month range 7xx pips. this month I only plan to buy 1.196x. if it doesn't reach this price I'll buy other pairs or sell.
ok that level but may to buy before also if not in a straight line . presently price at critical areas . standard target might have reached , next support 2250 , not hit but 2275 also enough testing it , best level should the bounce 2074 though , a 5th subwave looks ok bottoms but daily candle bearish ( may become week/daily breakout at the highest strength , big candle & if now a evening star hold !) , any 5th can extend with at least abc down or more complicate to down of multiple sizes . so risk there extension down , till 1.2637 broken up to limit play 2999 for next leg down one last !! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #658,375
  • May 7, 2022 10:05am May 7, 2022 10:05am
Quoting Whale
{quote} may i ask how did you get this number? i have it on the chart as 50% of the weekly orders block. just curious if you have the same number from another strategy btw, this AB=CD*1.68 so 99.9% this is the main station for me. {image}
it's the same thing. your 1956.2 is accurate
my 196x is approximate

the curiosity is in the 1.61 extension which apparently is the same target..your blue line
  • #658,376
  • May 7, 2022 10:16am May 7, 2022 10:16am
Quoting fontu
{quote} ok that level but may to buy before also if not in a straight line . presently price at critical areas . standard target might have reached , next support 2250 , not hit but 2275 also enough testing it , best level should the bounce 2074 though , a 5th subwave looks ok bottoms but daily candle bearish ( may become week/daily breakout at the highest strength , big candle & if now a evening star hold !) , any 5th can extend with at least abc down or more complicate to down of multiple sizes . so risk there extension down , till 1.2637 broken...
yes 20xx can be a good place to start buying...if wave 1 equals 5 then it's close (640pips)

or do you think that wave 5 of 3 could have ended in 2275 ?,, and makes the MPP 2714 with an abc correction.
  • #658,377
  • May 7, 2022 10:16am May 7, 2022 10:16am
Quoting chess king
{quote} it's the same thing. your 1956.2 is accurate my 196x is approximate the curiosity is in the 1.61 extension which apparently is the same target..your blue line
Yap, but imo it will be in the next round of attack.
i check UC,GU
they all will get a retracement in the beginning of the week of +100 pips.
so Monday at LO look for buy if you’r are a intraday trader.
if not waiting for the best spot down there is the best!

GU most likely 1.238x to the down bottom again and up.
  • #658,378
  • May 7, 2022 10:29am May 7, 2022 10:29am
Quoting Whale
{quote} Yap, but imo it will be in the next round of attack. i check UC,GU they all will get a retracement in the beginning of the week of +100 pips. so Monday at LO look for buy if you’r are a intraday trader. if not waiting for the best spot down there is the best! GU most likely 1.238x to the down bottom again and up.
yes but i have to have a stop at 2275
  • #658,379
  • May 7, 2022 10:44am May 7, 2022 10:44am
Quoting chess king
{quote} yes 20xx can be a good place to start buying...if wave 1 equals 5 then it's close (640pips) or do you think that wave 5 of 3 could have ended in 2275 ?,, and makes the MPP 2714 with an abc correction.
the subwaves 5ths both should be over , extension may do to any sizes though , likely continue down though ! check the chart
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #658,380
  • Edited 12:22pm May 7, 2022 11:09am | Edited 12:22pm
Quoting fontu
{quote} the subwaves 5ths both should be over , extension may do to any sizes though , likely continue down though ! check the chart {image}
monday
another possibility GU bulls will take it 1.2429 first and than down.
FVG/kink on h1
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