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Cable Update (GBPUSD)

  • #658,961
  • May 13, 2022 10:35am May 13, 2022 10:35am
I want to sell gold and GU now.. Is it OK?
  • #658,962
  • May 13, 2022 10:35am May 13, 2022 10:35am
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Quoting elbert3
Mmmm night have to hold the horses here . Let’s see how it plays out. .. it’s on an old tl so it could 1.. go back down . If so watch for a second lower tl touch on my chart above . 2 it just keeps move in up . Hedge might be on the cards also .. let’s see
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Lower tl touch means U.K. and broke the old tl . Look left . Hope it’s going to be a great end to Friday
  • #658,963
  • May 13, 2022 10:38am May 13, 2022 10:38am
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let’s see
  • #658,964
  • May 13, 2022 10:40am May 13, 2022 10:40am
Quoting Georginson
{quote} ✓ Year 2012 range being 1073 pips, followed by big range in 2013 being 1764 pips... Year 2021 range being 1089 pips is identical to Year 2012 range being 1073 pips, this means strong chance of 2013 range of 1764 pips occuring again in year 2022... ✓ Year 2018 opening price being 1.3521 has identical open price 1.3523 year 2022 opening price, Meanwhile Year 2018 Range was 1900 pips, which is another strong clue of big range (1700+ pips) expectation in Year 2022. Also Noteworthy that 1073 pips range only occured once in the last...
1593 pips already happened out of the expected 1700 pips range for this year... 1.3748 - 1.2155... bearish overstretched move limited to 1.2050... bulls may start the relentless recovery anywhere from this current low of 1.2155 - 1.2050... first target being 1.2800, second target 1.3200, then year end target 1.3800.

Daily close above 1.2412 is the first bullish confirmation...
Data + Stat + Risk/Emotions Management
  • #658,965
  • May 13, 2022 10:40am May 13, 2022 10:40am
Quoting Pat Chiko
{quote} Bro. Let's go........ lol News in a bit and lets pump it {image}
Yay. Chiko is back
  • #658,966
  • May 13, 2022 10:47am May 13, 2022 10:47am
Quoting Georginson
{quote} 1593 pips already happened out of the expected 1700 pips range for this year... 1.3748 - 1.2155... bearish overstretched move limited to 1.2050... bulls may start the relentless recovery anywhere from this current low of 1.2155 - 1.2050... first target being 1.2800, second target 1.3200, then year end target 1.3800. Daily close above 1.2412 is the first bullish confirmation...

If I get out of this...I promise I'm using tight stops LOL
I never thought this sum bitch could be this low so quick
  • #658,967
  • May 13, 2022 10:57am May 13, 2022 10:57am
Quoting Rahidz
I want to sell gold and GU now.. Is it OK?
No
People don't plan to lose. They lose because they don't plan.
  • #658,968
  • May 13, 2022 11:04am May 13, 2022 11:04am
Quoting nAVIN2007
{quote} see a chart is one thing, seeing patterns is another.. I have my chart but I never saw the wedge.. Cheers bud!
nAVIN2007, commit these pictures to your memory, and you will never miss the wedge formation.
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Always trade your own plan...I don't provide trading signals.
  • #658,969
  • May 13, 2022 11:25am May 13, 2022 11:25am
Quoting Georginson
{quote} 1593 pips already happened out of the expected 1700 pips range for this year... 1.3748 - 1.2155... bearish overstretched move limited to 1.2050... bulls may start the relentless recovery anywhere from this current low of 1.2155 - 1.2050... first target being 1.2800, second target 1.3200, then year end target 1.3800. Daily close above 1.2412 is the first bullish confirmation...
I wanted to give the stats for this month but decided to wait for the professor. Interestingly, the yearly range also coincides with the average monthly range at 2050 area. This area is a no sell area.

I just hope they allow price go up. Every Friday they give hopes and then dash it the next Monday. Lol
  • #658,970
  • May 13, 2022 11:29am May 13, 2022 11:29am
Quoting Mitiblotch
{quote} I wanted to give the stats for this month but decided to wait for thr professor. Interestingly, the yearly ranges also coincides with the average monthly range at 2050 area. This area is a no sell area. I just hope they allow price go up. Every Friday they give hopes and then dash it the next Monday. Lol
Good observation Bro...
Data + Stat + Risk/Emotions Management
  • #658,971
  • May 13, 2022 11:33am May 13, 2022 11:33am
Thumbs up if you think we’ve seen the bottom
  • #658,972
  • May 13, 2022 11:39am May 13, 2022 11:39am
Quoting ScalaFX
{quote} No
Instead of telling him what NOT to do , it's better to ask him WHY he want to sell.

Maybe , all of us can learn something new today.

Maybe he got brilliant trade strategy, that we can benefit from.

Let keep it that way.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #658,973
  • May 13, 2022 11:47am May 13, 2022 11:47am
Wishing to all a wonderful weekend, take good care of yourselves and your loved ones !

Minor personal update. Selling the 1H pullback, Sell stop 2234, where my >2259 positions (live shared in previous posts), will all have SLs at BE at last! P.S If bears take it down >2180, my < 2234 would be at BE. If <21, my 2172 would be at BE. If this works out, I'll have a short month at last and will eat as many as I want .
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #658,974
  • May 13, 2022 11:48am May 13, 2022 11:48am
Quoting Pat Chiko
{quote} Instead of telling him what NOT to do , it's better to ask him WHY he want to sell. Maybe , all of us can learn something new today. Maybe he got brilliant trade strategy, that we can benefit from. Let keep it that way.
Yeah! Your right, I was no time so I did this some kinda automaticly, always good to see opposite way of view
People don't plan to lose. They lose because they don't plan.
  • #658,975
  • May 13, 2022 11:48am May 13, 2022 11:48am

each prediction from your analysis is always a guess.
  • #658,976
  • May 13, 2022 11:49am May 13, 2022 11:49am
Quoting Adzmoz
Thumbs up if you think we’ve seen the bottom
Can you share with us your chart and explain why?
People don't plan to lose. They lose because they don't plan.
  • #658,977
  • May 13, 2022 11:56am May 13, 2022 11:56am
Someone really try to avoid 1.2150... area ... buystops above it until 1.2165. Let's see if they take it today.

Risk is a bit on today because of friday but also because the german chancellor and Putin were talking today 1,5 hours on phone... so risk on a bit over weekend and dollor drop all over the board.
  • #658,978
  • May 13, 2022 12:01pm May 13, 2022 12:01pm
Sorry still getting used to this platform.. the way I see it - £1.20-$1.00 has always been where it rebounds - (I know Its dropped briefly below to about 1.14 during the start of the pandemic) - but I’m hopeful that with all the current events pushing the dollar up - there’s not much more room for it to fall..

it may be different to how a lot of day traders trade, but I’ve always looked to enter into a position when I though there was a definite direction and then just kept enough equity available to ride it out until the direction changes and the position becomes profitable.. then when it does, open up another with position with stop losses to ride along with the market and close out at a profit ..

definitely learnt to cut my losses and the importance of stop losses though
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  • #658,979
  • May 13, 2022 12:07pm May 13, 2022 12:07pm
And again... very near to the buy stops at 1.2150....
  • #658,980
  • May 13, 2022 12:09pm May 13, 2022 12:09pm
Quoting Mitiblotch
{quote} I wanted to give the stats for this month but decided to wait for thr professor. Interestingly, the yearly ranges also coincides with the average monthly range at 2050 area. This area is a no sell area. I just hope they allow price go up. Every Friday they give hopes and then dash it the next Monday. Lol
Hi Miti,
The swing will come and it will happen so quick that most traders will not get in on the move because of the relentless down push on Gu and bearish sentiment. Just the way the market is when it comes to multi month, year swings. Best to sit and wait
Agree with you, I certainly do not want to sell here unless tight stops and scalping trades.
Cheers.
Trade to trade another day
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