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Cable Update (GBPUSD)

  • #668,921
  • Jul 12, 2022 4:26am Jul 12, 2022 4:26am
Quoting PatienceFx
sl 1.0 {image}
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The Relative Strength Index (RSI) indicator on the four-hour chart dropped all the way to 20 and EUR/USD trades near the lower limit of the descending regression channel coming from late June. Both of these technical developments how extremely oversold the pair in the near term. Hence, sellers could move to the sidelines and wait for a technical correction before continuing to short the pair.
On the upside, 1.0050 (static level, mid-point of the descending channel) aligns as first hurdle ahead of 1.0075 (upper limit of the descending channel) and 1.0100 (psychological level, 20-period SMA).
In case 1.0000 (psychological level) fails, the next bearish targets are located at 0.9950 (static level from November 2002) and 0.9900 (psychological level).
  • #668,922
  • Jul 12, 2022 4:28am Jul 12, 2022 4:28am
Quoting navk
wait for another 30 mins. Wait for 4hr candle. I will go long
Yes, I went long and made huge profit.

Closed all.

End of the day to me.
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Intraday only.
  • #668,923
  • Jul 12, 2022 4:29am Jul 12, 2022 4:29am
first R
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Trendlines H1,H4, SMC
  • #668,924
  • Jul 12, 2022 4:31am Jul 12, 2022 4:31am
... that'll do. 4hr shows where the current p/back hi is. Price exceeded 61.8% of the day's move down at that hi.

4hr below
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Trader with an Edge.
  • #668,925
  • Jul 12, 2022 4:33am Jul 12, 2022 4:33am
Quoting Headland
{quote} It's a difficult balancing act for central banks/monetary policy because if you raise rates too much and suck too much demand out of the economy [although you need to limit some so supply exceeds demand and prices fall,] you risk a recession, but if you don't do anything, then it runs away with itself. Whilst there are always winners and losers with inflation, it is essentially a tax on money so those with least of it are disproportionately affected by it. Blunt tools these central banks/politicians have, and this is to say nothing of the...
Indeed the problem with these policies, it take some time before it affects the factor that drives the demand. And concurrently is a double edge weapon.
More time in the market, does not mean you trade better!
  • #668,926
  • Jul 12, 2022 4:34am Jul 12, 2022 4:34am
for several days i was writing this indicator, finally got it to automate correctly
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  • #668,927
  • Jul 12, 2022 4:39am Jul 12, 2022 4:39am
Come on, get back above 1.18780
Make it a crooky false break
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yes yes yes
  • #668,928
  • Jul 12, 2022 4:56am Jul 12, 2022 4:56am
UK Next PM do have influence on the econonmy.

The big question for the Tory candidates is what will you do to get the UK out of the recession that is coming - knowing that ordinary people who don’t pay taxes won’t benefit from tax cuts

It’s clear from the leadership contenders‘ answers to your question that they still believe in trickle down economics.

In which case their attempts to get the UK out of recession will fail miserably.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #668,929
  • Jul 12, 2022 4:58am Jul 12, 2022 4:58am
... steep drop from the pot sbr zone on 4hr...over 50% of the pullback, now potential for 5min hidden div whilst above 1829. Not a 1hr/30min uptrend though so not an optimum set-up.
Trader with an Edge.
  • #668,930
  • Jul 12, 2022 5:01am Jul 12, 2022 5:01am
Some scalps on Pound. Expecting keep down trend.
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Money Maker
  • #668,931
  • Jul 12, 2022 5:02am Jul 12, 2022 5:02am
Quoting Headland
{quote} It's a difficult balancing act for central banks/monetary policy because if you raise rates too much and suck too much demand out of the economy [although you need to limit some so supply exceeds demand and prices fall,] you risk a recession, but if you don't do anything, then it runs away with itself. Whilst there are always winners and losers with inflation, it is essentially a tax on money so those with least of it are disproportionately affected by it. Blunt tools these central banks/politicians have, and this is to say nothing of the...

exactly
  • #668,932
  • Jul 12, 2022 5:07am Jul 12, 2022 5:07am
GU

Follow the money.

Scalp LONG again


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #668,933
  • Jul 12, 2022 5:07am Jul 12, 2022 5:07am
Eu is planning another leg up
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yes yes yes
  • #668,934
  • Jul 12, 2022 5:07am Jul 12, 2022 5:07am
Trapped
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  • #668,935
  • Jul 12, 2022 5:11am Jul 12, 2022 5:11am
Quoting voeltoez
Trapped {image}
G/L with those trades mate

That's the zone 15min shows it...1st res then rbs...now a 2nd test on it as pot rbs

15min below
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Trader with an Edge.
  • #668,936
  • Jul 12, 2022 5:14am Jul 12, 2022 5:14am
____________ this is REAL tradin = no Mobile klownin crap 4sure
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Don’t focus on making $$$, focus on protecting what you have.
  • #668,937
  • Jul 12, 2022 5:14am Jul 12, 2022 5:14am
Quoting Headland
{quote} G/L with those trades mate That's the zone 15min shows it...1st res then rbs...now a 2nd test on it as pot rbs 15min below {image}
Yeah..move sl to 1.8 for clear sell..for now buyer dominating
  • #668,938
  • Jul 12, 2022 5:21am Jul 12, 2022 5:21am
...chart below shows that bullish hidden div in both osc's...4 x inverted hammer-type candles at that lo


5min below
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Trader with an Edge.
  • #668,939
  • Jul 12, 2022 5:22am Jul 12, 2022 5:22am
____________________ H4
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Don’t focus on making $$$, focus on protecting what you have.
  • #668,940
  • Jul 12, 2022 5:28am Jul 12, 2022 5:28am
Quoting Moty
Eu is planning another leg up {image}
Hi. perhaps will break 0.9990 first
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