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Cable Update (GBPUSD)

  • #666,061
  • Jun 28, 2022 10:53am Jun 28, 2022 10:53am
Quoting BeeTogether
So US data was poor so why on earth is the GU going down?
Yes market is confusing. I sold pound last fomc, market went up eventhough fed hike the rates
  • #666,062
  • Jun 28, 2022 11:00am Jun 28, 2022 11:00am
Quoting elbert3
So that blip out of the pennant this morning was it’s support . So find the resistance
As above . But I had 2346 I think it was so hay as long as we got it
  • #666,063
  • Jun 28, 2022 11:02am Jun 28, 2022 11:02am
Us indices are hot red
  • #666,064
  • Jun 28, 2022 11:03am Jun 28, 2022 11:03am
Trend is still down Gbpusd
  • #666,065
  • Edited 11:47am Jun 28, 2022 11:16am | Edited 11:47am
Quoting Wavegarrick
{quote} Hi Guys, And so we have a weekly close above 1.22500 at 1.22731 ish. We also have a weekly higher candle open. Seeing we have been in such a tight range it means little, to say the least unless we have a big breakout. My future weekly pivot at 1.22520 (green highlight) could be my next point of interest to add buy trades on a bounce upwards. A 4hr close below last weeks pivot at 1.21829 would surely be defining for bears. I would be happy to go with a break above 1.24000 with a few days to go to month...
Hi Guys,
Referring back to my prior post on Sunday the 26th and highlighted above. This scenario remains in tact for me. An exact bounce from last weeks pivot at 1.21829 so far but a 4 hourly or daily close below will change my bullish stance. 2 days for this month to end.
Trade safe,
Cheers.
Trade to trade another day
  • #666,066
  • Jun 28, 2022 11:16am Jun 28, 2022 11:16am
Trend is down. Seems to be jumpy around 2180. Big one is what Whale mentioned 2170 area which is the one to crack without bouncing back. Possible my till end of June
Insane in the Brain..
  • #666,067
  • Jun 28, 2022 11:20am Jun 28, 2022 11:20am
2155 area might be the call . Might be ???
  • #666,068
  • Jun 28, 2022 11:26am Jun 28, 2022 11:26am
Hi again fellow traders. For me this place is for hanging out with like-minded traders and learners and sharing freely, not an office work place.

If something is not clear to you, doesnt mean it is not and people are generally really nice here and it will be a pleasure to make something clearer if you ask kindly. And if someone annoys you, just click on ignore... No hard feelings, be in peace and happy, as it helps to concentrate when trading, oh, and humor also helps a lot


Will a quadruple 1min bottom help? Right here my love!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #666,069
  • Jun 28, 2022 11:28am Jun 28, 2022 11:28am
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  • #666,070
  • Jun 28, 2022 11:29am Jun 28, 2022 11:29am
add buy - 1.2208
Together we can be strongest
Vantage Return This Month: na
  • #666,071
  • Jun 28, 2022 11:31am Jun 28, 2022 11:31am
Quoting PatienceFx
{image}
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  • #666,072
  • Jun 28, 2022 11:34am Jun 28, 2022 11:34am
Quoting PatienceFx
{quote} {image}
stop at BE +0.02

very strong daily divergence
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  • #666,073
  • Jun 28, 2022 11:39am Jun 28, 2022 11:39am
Inserted Video
"Exchange of hands"
  • #666,074
  • Jun 28, 2022 11:56am Jun 28, 2022 11:56am
UPDATE
still we can go lower, below 1.22
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Trendlines H1,H4, SMC
  • #666,075
  • Jun 28, 2022 11:58am Jun 28, 2022 11:58am
ok lets bet folks, will the 1H close green or red in 4minutes? I say green, odds are not in my favor but reward is larger
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #666,076
  • Jun 28, 2022 12:00pm Jun 28, 2022 12:00pm
Quoting bilal1947
https://www.youtube.com/watch?v=hPORobp8BsQ&t=39s
Spot on Bilal, a must see for all. If you realize this, you have gone onto the next phase of your trading journey.
Cheers.
Trade to trade another day
  • #666,077
  • Jun 28, 2022 12:06pm Jun 28, 2022 12:06pm
come to be baby.

maybe TP tomorrow
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MY OPINION NOT FINANCIAL ADVISE
  • #666,078
  • Jun 28, 2022 12:18pm Jun 28, 2022 12:18pm
Quoting bilal1947
https://www.youtube.com/watch?v=hPORobp8BsQ&t=39s
Quoting Wavegarrick
{quote} Spot on Bilal, a must see for all. If you realize this, you have gone onto the next phase of your trading journey. Cheers.
Which part? Some good stuff in there in my opinion, thanks for sharing, but he is also talking about doubling account with one contract all the while talking about being consistent? Ouch, in time, reality will strike, in my experience, but hey, if you found the holy grail out there that can double your account with one contract consistently and year after year, who am I to say anything but a big congratulations on the exceptional work. I agree with some of video, for some strategies. Like the one about trading every day. Some strategies no, but others sure. Many professional traders trade every day. Its a job. Are those better than one that do not, of course not, as they are all bringing it in, each with their own ways. I am all for sharing tips that helped, but promoting one specific way of doing things like if its better is just wrong as there are too many approaches, and that is the sense I got from that video. I could be wrong. Essentially, I say do the homework that gives you the knowledge and confidence needed to make a complete plan(mm and all), according to what your strategy/ies gave you while scientifically backtesting enough. If it is good once a week/month/hour/whatever, follow that, not anyone else than your own analysis. It is all so relative, in my flawed view. Trying to stay openminded, as I have much to learn still.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #666,079
  • Jun 28, 2022 12:40pm Jun 28, 2022 12:40pm
Quoting mtako
{quote}{quote} Which part? Some good stuff in there in my opinion, thanks for sharing, but he is also talking about doubling account with one contract all the while talking about being consistent? Ouch, in time, reality will strike, in my experience, but hey, if you found the holy grail out there that can double your account with one contract consistently and year after year, who am I to say anything but a big congratulations on the exceptional work. I agree with some of video, for some strategies. Like the one about trading every day. Some strategies...
No Mtako. I think you are missing the point. He is saying, don't trade for the sake of trading and if you can double your account with small and acceptable leverage, you have achieved success. Most newbies try and double their account with high leverage in the shortest time possible. Biggest mistake and I agree. Do not trade for the sake of trading. Sit back and wait for the market to show its hand. This is not a trading method but discipline.
Anyway don't have time for a debate as I am busy.
Cheers.
Trade to trade another day
  • #666,080
  • Jun 28, 2022 12:43pm Jun 28, 2022 12:43pm
Quoting mtako
ok lets bet folks, will the 1H close green or red in 4minutes? I say green, odds are not in my favor but reward is larger {image}
Man… where are you finding this staff hhhhhhhhhaaaahhhhhhaaaaahhhhaaa
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