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Cable Update (GBPUSD)

  • #673,681
  • Aug 5, 2022 7:57am Aug 5, 2022 7:57am
Ok last GU buy 2030, will add more if nessesery till 1980 Max, target 1.21
People don't plan to lose. They lose because they don't plan.
  • #673,682
  • Aug 5, 2022 7:57am Aug 5, 2022 7:57am
Quoting JereMi256
Long @1.2048
Added 2031
Face 'ur fears & tame 'ur greed
  • #673,683
  • Aug 5, 2022 7:57am Aug 5, 2022 7:57am
GU daily support at 12015. Thankyou GU, sometimes you just gotta have patience and stick to your plan
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  • #673,684
  • Aug 5, 2022 7:58am Aug 5, 2022 7:58am
Quoting ScalaFX
Ok last GU buy 2030, will add more if nessesery till 1980 Max, target 1.21
You like big things, i can tell!
Face 'ur fears & tame 'ur greed
  • #673,685
  • Aug 5, 2022 7:58am Aug 5, 2022 7:58am
Quoting GODofMC
{quote} June 03, News Green but GU down, probably because green news is not always good, bigger than predicted but lower greatly from previous month {image}
Green figures = bullish dollar
  • #673,686
  • Aug 5, 2022 7:58am Aug 5, 2022 7:58am
Looks like it is not coming back, I guess I will not fade the move unless it bounce back to 1.20812, but looks unlikely it just keep going down.
Guess I will see GU in next week and wrap up this week?

Zooming out, the bearish move today cause the price to inch towards the 2-week pivot, which serves an important indicator of the longer term trend for next 6 months.
I expect to bearish move to continue until it touches the 2-week pivot again, then we'll see, if it bounces back, then assume the price will move up again eventually.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 52.4%
  • #673,687
  • Aug 5, 2022 7:59am Aug 5, 2022 7:59am
Actually, very positive figures for dollar
  • #673,688
  • Aug 5, 2022 8:00am Aug 5, 2022 8:00am
Quoting ScalaFX
Ok last GU buy 2030, will add more if nessesery till 1980 Max, target 1.21
I also have an extra buy limit at 1.2017 (4HR Pivot point)
  • #673,689
  • Aug 5, 2022 8:00am Aug 5, 2022 8:00am
...good reaction to the big U.s NFP number...price now testing the prev 1hr/4hr sw lo zone that extends down to 2019/20. 50% of the recent 1759-2293 move in there.

4hr below
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Trader with an Edge.
  • #673,690
  • Aug 5, 2022 8:01am Aug 5, 2022 8:01am
Quoting LvMMT
{quote} recovery transaction... I'm positive... preparing to go up... {image} God bless everyone!
"....next level for me is 1.203."

long @20323 TP ~50% this H1 open bar...

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God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #673,691
  • Aug 5, 2022 8:01am Aug 5, 2022 8:01am
Quoting ScalaFX
{quote} You greedy bastard too
Nooo my weekly target hasnt reached.

[wispers: i just want +50pips]
Face 'ur fears & tame 'ur greed
  • #673,692
  • Aug 5, 2022 8:02am Aug 5, 2022 8:02am
Quoting ScalaFX
Ok last GU buy 2030, will add more if nessesery till 1980 Max, target 1.21
2066 is think base of 1m, but why to gamble? Stupidity but i like it
  • #673,693
  • Aug 5, 2022 8:02am Aug 5, 2022 8:02am
Good job to all the bears! On to the next opportunity. Happy weekend all!
Fortune favors the brave.
  • #673,694
  • Aug 5, 2022 8:02am Aug 5, 2022 8:02am
Quoting JereMi256
{quote} Added 2031
Why are you buying?
Plan, Prepare, Execute, Repeat
  • #673,695
  • Aug 5, 2022 8:03am Aug 5, 2022 8:03am

  1. 75 bps hike will be on the table after this jobs data

  • #673,696
  • Aug 5, 2022 8:03am Aug 5, 2022 8:03am
Quoting donfriday
{quote} i am a full tech trader i use news as caution to lower my risk i am projecting a drop from 1.2175 cus we found resistance at 1.2200 yesterday from london-NY so i want to see 1.2050 and maybe lower, i can see a hidden bullish div in that area also we need to be very very caution of 1.2275-1.2350 trade safe/ just my view


i am preparing for my buys but i will do that next week...


Trade safe

Hidden bullish divergence
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MY OPINION NOT FINANCIAL ADVISE
  • #673,697
  • Aug 5, 2022 8:04am Aug 5, 2022 8:04am
Inserted Video
  • #673,698
  • Aug 5, 2022 8:04am Aug 5, 2022 8:04am
Quoting Nordling
{quote} I am not into technicals much except supply-demand, RSI and ATR tbh. Btw i trade based on D1 mainly. Position/swing trading.There are 4 reasons that motivated me to sell this: 1. BOE this Thursday. 50 bps hike is already priced in. Only a 75 bps hike can lift GU higher from here. But it seems very unlikely so i bet on a bearish Thursday. 2. FED is getting aggressive, minus GDP growth for second consecutive months. This can easily turn into recession. Dollar bullish. 3. Price is at a d1 supply level. 4. D1 RSI is really high for a bearish...
After this analysis, good unemployment and NFP data is the cherry on top:

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You have to have an IQ higher than 90 to interact with this user.
  • #673,699
  • Aug 5, 2022 8:06am Aug 5, 2022 8:06am
Quoting Whale
{quote} 2066 is think base of 1m, but why to gamble? Stupidity but i like it
Why stupidity? We droped 120 pips and 2030 is where 50% all drop from last low to last high, I think is good oportunity to catch a few, this is only scalp, for now! We can easily drop more where I will be adding more positions, cheers!
People don't plan to lose. They lose because they don't plan.
  • #673,700
  • Aug 5, 2022 8:06am Aug 5, 2022 8:06am
Quoting chess king
2062 helds but price broke a validated TL...to the downside.(4H chart best observation. is currently testing this break so if I see 2030 I'm not surprised because it's 50 ret from the last move up
Buy scalp in 2028
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