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Cable Update (GBPUSD)

  • #661,901
  • Jun 3, 2022 12:06pm Jun 3, 2022 12:06pm
Quoting donfriday
On my daily and 4hrs chart gu as not been over bought in last 5 month not a single overbought
So with that, you feel buys are not done.
  • #661,902
  • Jun 3, 2022 12:13pm Jun 3, 2022 12:13pm
Quoting Pat Chiko
{quote} Last time........last time if I'm not mistaken you said you always send you money to the Launderette, to get processed, not banks. When did you change the location of the process ?.
Aren't they the same thing?
Tall tails tell tales.
  • #661,903
  • Jun 3, 2022 12:16pm Jun 3, 2022 12:16pm
Quoting Nd10
{quote} Really. 1.28 is my first target while 1.24 is my low to reconsider buy. Though i already adjusted it to 1.235 as my low to cancel buys

You are right.
MY OPINION NOT FINANCIAL ADVISE
  • #661,904
  • Jun 3, 2022 12:17pm Jun 3, 2022 12:17pm
Quoting Wavegarrick
{quote} Anyway, the above trade was closed for 50 pips profit. Here's the thing for me Folks. From a daily perspective I am getting buy confirmation signals with daily higher lows being formed, and until this sequence is broken I will go for buy trades. I am in with another buy trade and 50 pip s/loss. Trading has been quite difficult this week with lots of uncertainty and rangy conditions. My stop losses are important and if taken out I move on, and for the doubters, no sweat for me. If I have a losing week or even month I know that it is just...
Great message Budd, i didnt trade the cable today. I watched from the sidelines taking note of its behaviour.

My key levels and zones were respected, it remains bullish for me too.
Well done to y'all that profited from the choppy and crazy moves today.

Nice weekend,
+256
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Face 'ur fears & tame 'ur greed
  • #661,905
  • Jun 3, 2022 12:18pm Jun 3, 2022 12:18pm
Quoting pipsofacto
{quote} Aren't they the same thing?
As long as 1.24 is not broken in June I am bullish toward the 3rd quarter
MY OPINION NOT FINANCIAL ADVISE
  • #661,906
  • Jun 3, 2022 12:20pm Jun 3, 2022 12:20pm
Now i am in a good position
Take trade according to the fast and the slow ema
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yes yes yes
  • #661,907
  • Jun 3, 2022 12:26pm Jun 3, 2022 12:26pm
Quoting Moty
Again i not trading the chart {image}
Moty, you got everything right on the money...What do you expect after 12345? Ret. Gartley/or Bat pattern/ or aggressive reversal at 50% and a new high. Stick to your charts they are very good. Trust yourself.
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Always trade your own plan...I don't provide trading signals.
  • #661,908
  • Jun 3, 2022 12:27pm Jun 3, 2022 12:27pm
I want to see RSI at 75-80 value then sellers may start communicating

for now all I see is first 1.28
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MY OPINION NOT FINANCIAL ADVISE
  • #661,909
  • Jun 3, 2022 12:29pm Jun 3, 2022 12:29pm
Quoting donfriday
I want to see RSI at 75-80 value then sellers may start communicating for now all I see is first 1.28 {image}
Why not 1.30?
  • #661,910
  • Jun 3, 2022 12:32pm Jun 3, 2022 12:32pm
Quoting Nd10
{quote} Why not 1.30?

250pips is guaranteed in any monthly candle so 1.28
MY OPINION NOT FINANCIAL ADVISE
  • #661,911
  • Jun 3, 2022 1:05pm Jun 3, 2022 1:05pm
Quoting pipsofacto
{quote} Aren't they the same thing?
They are identical but not the same ( one is legalize the other are not).

We got same energy here....... Not laundry but creative.
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As president almost always loses house and senate seats in a mid-term election, need more money by Nov for mid term.
This is the action of a desperate Administration who is trying to buy mid term votes.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #661,912
  • Jun 3, 2022 1:46pm Jun 3, 2022 1:46pm
Quoting donfriday
The low that is expected is 1.2350 but I see 1.28 before major down
So from where i should start buying?
  • #661,913
  • Jun 3, 2022 2:14pm Jun 3, 2022 2:14pm
Enough correct down but may not finish yet, so bottom test 2458 to 2629 play remain pending for next week. Unlike eu it failed to print weekly doji. And still indecision , may try for the last time before tanking! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #661,914
  • Jun 3, 2022 2:49pm Jun 3, 2022 2:49pm
Quoting donfriday
On my daily and 4hrs chart gu as not been over bought in last 5 month not a single overbought
observe the obvious DonFriday....On Monday, can i call you DonMonday???
  • #661,915
  • Edited 3:34pm Jun 3, 2022 3:14pm | Edited 3:34pm
Less than 1 hour now till market close. This week just closing will see a pip range of 91% (or more) of the 13wk awr. An ' it could have been worse ' $ strength reaction to the U.s NFP etc data earlier today. Worthy of note - the 30day adr is now up to 135pips which is the highest since the recent low point of 79 in that metric.

* The May mthly candle closed this week closing, - as a pinbar up from the prev sw lo zone that extends down to 2074 on that t/f, = prev supp = pot supp. This candle in and of itself is suggestive of more upside although the t/f remains in a general downtrend with 3 consecutive LL's and a LH @ 3749 (the current yrly hi.)
* The wkly t/f will close the week still in a classic downtrend with 7 consecutive LH's now after this week's bearish candle encountered resistance @ the wkly descending t/line creating that 7th fractal swing LH @ 2666 now on this t/f. There is a falling wedge on this t/f which is suggestive of some upside at some point. The wkly candle will close bearishly.
* The dly candle will very likely close as a bearish thrust - dark cloud cover to the previous one (Thursday's,) on this t/f. The t/f remains in a technical classic uptrend (per 3 candle fractal analysis, - like the analysis above.) 2 x HL's now, the last being @ this week's 2458 lo, and a 2nd HH @ this week's 2666 hi on this t/f now.
* The 4Hr t/f will close the week technically in a general downtrend with 3 X LH's, and a LL @ this week's 2458 lo. but an intervening HL between that and the last LH which is @ today's (Friday's) 2590 hi, on this t/f. Overall though it looks rangy-bearish. Currently, the last 4Hr candle looks like it will close bearishly with less than 30mins to go till close, but who knows?


As I posted earlier this week, your analysis either leads you to believe that the 2198-2666 pullback in the wkly/mthly downtrends is just that, or that the opposing trend it has created on the dly t/f is the start of a more prolonged deeper pullback in those, or more. Both can be true of course, at least for a time, and in any event, it is all relative to the t/f (s) that you trade. The way that 1hr and 4hr are closing the week is supportive of the 1st scenario above, and indeed @ the 2666 wkly hi there is 2Hr bearish hidden div. Remember though, anything can happen - don't get wedded to a position (s) out of hope when the evidence tells you otherwise.

Mthly, Wkly, Dly, 4Hr below
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Trader with an Edge.
  • #661,916
  • Jun 3, 2022 3:19pm Jun 3, 2022 3:19pm
Quoting ScalaFX
Lets get back to trading gentlemans Nice and juicy SHS H4, break of 2630 can invalidate this pattern, when now and tomarrow we start sliding down, fasten your seatbelts, we can see some crush down, cheers! {image}
Look at this and think, what can happen? You see up? Or down? Kiss, patience, trade your plan... Happy weekend to all ya! Cheers!
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People don't plan to lose. They lose because they don't plan.
  • #661,917
  • Jun 3, 2022 3:41pm Jun 3, 2022 3:41pm
Today's move was the simplest. London closed at the lows on Wednesday and Asia flew it up. Well, price is going back to where their London masters left it on Wednesday. No change.

Good night everyone. By God's grace Monday will meet us in good shape.
  • #661,918
  • Jun 3, 2022 3:53pm Jun 3, 2022 3:53pm
Quoting Wavegarrick
{quote} Anyway, the above trade was closed for 50 pips profit. Here's the thing for me Folks. From a daily perspective I am getting buy confirmation signals with daily higher lows being formed, and until this sequence is broken I will go for buy trades. I am in with another buy trade and 50 pip s/loss. Trading has been quite difficult this week with lots of uncertainty and rangy conditions. My stop losses are important and if taken out I move on, and for the doubters, no sweat for me. If I have a losing week or even month I know that it is just...
sometime Moving Averang combine with daily and weekly Pivot, can help Traders.

SU
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  • #661,919
  • Jun 3, 2022 4:02pm Jun 3, 2022 4:02pm
Re my post above, market has just closed for the w/e....1hr too ends the week in a general downtrend, with 4 consecutive LH's on that t/f now. All candles wkly,dly,4hr,1hr close bearishly near to their lo's.
Trader with an Edge.
  • #661,920
  • Jun 3, 2022 4:10pm Jun 3, 2022 4:10pm
Quoting Mitiblotch
Today's move was the simplest. London closed at the lows on Wednesday and Asia flew it up. Well, price is going back to where their London masters left it on Wednesday. No change. Good night everyone. By God's grace Monday will meet us in good shape.
People don't plan to lose. They lose because they don't plan.
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