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Cable Update (GBPUSD)

  • #669,941
  • Jul 15, 2022 3:04pm Jul 15, 2022 3:04pm
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yes yes yes
  • #669,942
  • Jul 15, 2022 3:07pm Jul 15, 2022 3:07pm
Quoting Pat Chiko
GU Long {image}
GU

Taking out some at Break Stop Zone (BSZ) . Partial.
Dropped three bags here, too much to carry to the top - lighten up the burden for final sprint next week.

Moving positive Stop and tighten to protect capital thus reducing risk.

Leaving it over the weekends if get taken out by stop or reaching target.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #669,943
  • Jul 15, 2022 3:16pm Jul 15, 2022 3:16pm
...not likely to see much more action into the close so will do my w/e analysis now. A < 30day adr day (likely 48%) today, and a < 13week awr week just closing, (95%.)

* The Wkly t/f remains in a classic downtrend with 8 consecutive LH's now and a new trend lo/wkly lo @ 1759. This lo touched the bottom of the falling wedge on this t/f. A sizable pullback may well breach this falling wedge to the upside and the existence of the pattern is suggestive of this at some point. The wkly candle will likely close bearishly but with a bigger lower than the upper wick.
* The Dly t/f also remains in a classic downtrend and this week just closing has seen the creation of 2 new LH's and 2 new LL's on this t/f . Today's dly candle will likely close bullishly. There is a repeating pattern of regular bullish div in the Dly osc's at the 1759 wkly lo.
* The 4Hr t/f remains in a general downtrend and the last 2 fractal prints have been a LH and what will at some point be a H, when it forms fractally. Difficult to say (with over 30min to market close,) what the last 4Hr candle will be, (gmt+3 4Hr feed.) The prev 4hr sw lo x 2 zone that contains the Thursday/wkly 1759 lo is wide, and extends down to 1637 from early in year 2020! There is a repeating pattern of regular bullish div in the 4Hr osc's at the 1759 wkly lo.

1990pips is now the yrly current hi- current lo range so far this year, which as Georginson has shown via his postings, is the 2nd biggest in last 10 years, and way bigger than the 1585pips 10-year average.

Wkly, Dly, 4Hr below.
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Trader with an Edge.
  • #669,944
  • Jul 15, 2022 3:27pm Jul 15, 2022 3:27pm
Inserted Video
POSTMASTER
  • #669,945
  • Jul 15, 2022 3:42pm Jul 15, 2022 3:42pm
all out !!! at 1.00850
daily profit ended with 102 $
yes yes yes
  • #669,946
  • Jul 15, 2022 4:03pm Jul 15, 2022 4:03pm
Quoting lengendff
{quote} EAs, indicators or whatever courses that can be bought, are just for info. If they really work, then they won't be sold in the 1st place. Mine is specially programmed with my settings. Coupled this with the correct account balance, will always work. But I will sometimes lose. Lose is because I don't followed the plan throughout. But overall, still in profits.
nice how long did it take you to find a profitable one?
  • #669,947
  • Jul 15, 2022 4:07pm Jul 15, 2022 4:07pm
Quoting _BBKing_
{quote} There is no profitable indicator nor EA. The best thing you can do with indicators and EAs is to use them just to have something to blame instread of just blame on yourself when you get a wrong trade. Well, if an indicator tells the truth you can still blame the market going in the wrong direction LOL Martingale EAs have an additional certainty: they will blow the whole account. Maybe not our friend here with many setups but everytime I tested a martingale EA in the past the outcomw was the same: account to 0.
ye I mean im pretty much a PA trader believe it tells the whole story but I'm never too good for new information/knowledge in any aspect feel me? Like the first place the reason i'm even trading is because I seek better/a better life and that comes with not giving up so I feel like even when it comes to EAs or indicators (there could truly be a very profitable method) it just comes with lots of back testing and research I guess. It doesn't hurt to try. Appreciate your insight tho.
  • #669,948
  • Jul 15, 2022 4:17pm Jul 15, 2022 4:17pm
The pound direction long term is upwards. One can hold for the period of the month for a long term investment.
  • #669,949
  • Jul 15, 2022 4:19pm Jul 15, 2022 4:19pm
The pound direction is an opinion, so don’t follow without the potential for large losses. Trading is at one’s own risk.
  • #669,950
  • Jul 15, 2022 4:21pm Jul 15, 2022 4:21pm
next plan for me
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MY OPINION NOT FINANCIAL ADVISE
  • #669,951
  • Jul 15, 2022 4:26pm Jul 15, 2022 4:26pm
Regular divergence on
Weekly/daily

looking for buy in the Q3
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MY OPINION NOT FINANCIAL ADVISE
  • #669,952
  • Jul 15, 2022 7:15pm Jul 15, 2022 7:15pm
Quoting bilal1947
Watch 1.19150 price to short {image}
nice chart Bilal. I have my lines exactly where you have yours.
  • #669,953
  • Jul 15, 2022 11:06pm Jul 15, 2022 11:06pm
Quoting Houtbay
The pound direction is an opinion, so don’t follow without the potential for large losses. Trading is at one’s own risk.
,lol, glad the opinion thing was clarified , hasent been long term up in a long time , but just an opinion many opinions may be different maybe monitor bottom support will slow it down
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  • #669,954
  • Edited 3:01am Jul 16, 2022 2:42am | Edited 3:01am
just checking pa for next week , bear likely continue , once for all towards target 1.1278 , may take months from now though , yet at least it should be very difficulty for real reversal presently , ok price at weekly close sr stopped and so bounce may possible towards 1.2259/00 before next tanking , or all spikes down weekly again and again to the target and collect all buyer to try reversal.take care
https://www.forexfactory.com/thread/...9#post14068619

and as per usdx , next weekly open likely not any comfortable for buyers , 1.1900 to 1743 range may play opening days ! take care
eu more accurately follows usdx though and similar consequences possible .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #669,955
  • Jul 16, 2022 2:48am Jul 16, 2022 2:48am
Quoting TheWolf
{quote} I don't think you know what "unlucky day" looks like buddy! Haha
Say no more............
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #669,956
  • Jul 16, 2022 3:05am Jul 16, 2022 3:05am
Quoting Pat Chiko
{quote} Say no more............{image}
Wave and Pat
  • #669,957
  • Jul 16, 2022 3:39am Jul 16, 2022 3:39am
Quoting fontu
just checking pa for next week , bear likely continue , once for all towards target 1.1278 , may take months from now though , yet at least it should be very difficulty for real reversal presently , ok price at weekly close sr stopped and so bounce may possible towards 1.2259/00 before next tanking , or all spikes down weekly again and again to the target and collect all buyer to try reversal.take care https://www.forexfactory.com/thread/...9#post14068619 and as per usdx , next weekly open likely not any comfortable for buyers...
large lot size+central algo=disaster.
  • #669,958
  • Jul 16, 2022 3:44am Jul 16, 2022 3:44am
Quoting fontu
just checking pa for next week , bear likely continue , once for all towards target 1.1278 , may take months from now though , yet at least it should be very difficulty for real reversal presently , ok price at weekly close sr stopped and so bounce may possible towards 1.2259/00 before next tanking , or all spikes down weekly again and again to the target and collect all buyer to try reversal.take care https://www.forexfactory.com/thread/...9#post14068619 and as per usdx , next weekly open likely not any comfortable for buyers...
you can beat the central algo, but not like this.

peace.
  • #669,959
  • Jul 16, 2022 3:57am Jul 16, 2022 3:57am
Quoting tiborf71
{quote} you can beat the central algo, but not like this. peace.
carry on , your trade only your choice !
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #669,960
  • Jul 16, 2022 4:06am Jul 16, 2022 4:06am
I already posted this one but i think its worth reminding just in case As August is round the corner.

https://www.armstrongeconomics.com/i...ound-with-him/
POSTMASTER
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