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Cable Update (GBPUSD)

  • #673,821
  • Edited 1:44am Aug 6, 2022 1:33am | Edited 1:44am
Quoting navk
Monday is probably reversal day, from around 2030 or little more low , short term ( first ) to me. Let us see, any way, I trade after seeing the chart.
may bear weekly , ok a wick at down to try bull next weeks . better a spike down below 1963 and most favoured just below 1889.both levels may play separately or merge to support . and ok support is coming to rescue !!
monday /tuesday may try up though as of H4 tf
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #673,822
  • Aug 6, 2022 1:48am Aug 6, 2022 1:48am
Quoting eyefeelsix
{quote} not for all, but might be useful for some, to all my friends here good luck and happy holidays, See You Again.. {image}
Insightful, thanks!
Happy holidays too
Face 'ur fears & tame 'ur greed
  • #673,823
  • Aug 6, 2022 4:52am Aug 6, 2022 4:52am
my view

double bottom or 1.15
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MY OPINION NOT FINANCIAL ADVISE
  • #673,824
  • Aug 6, 2022 5:03am Aug 6, 2022 5:03am
Quoting trumps
If you are not already long, I think 2040 region would be a great entry point if it gets down there {image}
I was getting all ready to buy the Pound from down here, but I think signs are to sell for a new low
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Compulsions can be hard to resist
  • #673,825
  • Aug 6, 2022 5:34am Aug 6, 2022 5:34am
Quoting donfriday
my view double bottom or 1.15 {image}
Do I understand correctly that you have changed your view? You no longer think it will hit 1.25 first and then drop? You now see it going down first and then rising to 1.25?
  • #673,826
  • Aug 6, 2022 6:03am Aug 6, 2022 6:03am
Quoting gjgriff
{quote} Do I understand correctly that you have changed your view? You no longer think it will hit 1.25 first and then drop? You now see it going down first and then rising to 1.25?
we are still in the Q3 so my plan still remain the same ..

its likely we gonna range a for a lil before trend move again
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #673,827
  • Aug 6, 2022 7:13am Aug 6, 2022 7:13am
Hopefully first target will be 120 before 11950 early next week
Insane in the Brain..
  • #673,828
  • Aug 6, 2022 7:43am Aug 6, 2022 7:43am
GBPUSD gonna move to 1.20 once again in early of next week. Break this level or not I'm not sure. Time will tell

Just Enjoy EPL my beloved Chelsea vs Everton tonight first.
With courage, patience, and discipline, success is a matter of time.
  • #673,829
  • Edited 9:36am Aug 6, 2022 9:17am | Edited 9:36am
Quoting donfriday
my view double bottom or 1.15 {image}
likely and long waiting at least after double top to double bottom play but as got one good target it tried to avoid further tanking and apparently in 1 last leg down . already abc down also , breakout up and can be any complex to down before a good signal only at 2666+ for a pullback over 3100. and as already a corrective wave up started , may continue over 2406++, so crazy extension may down now or above 2406 i and all extremely unpredictable at this stage .
already in big bear still , one good target meet and may go for other good targets like double bottom to 1050 areas with or without 2666!!suspect big ranges , so to play only what may happen now , work or not !! risky!!take care
as of h4 , price typically may to go below 1889 to up / restart again .next weekly support closewise can be 1944 areas if to bounce next weeks !
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #673,830
  • Aug 6, 2022 10:00am Aug 6, 2022 10:00am
My View: 4H Time Frame
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Intraday Trading is an Art _ hoda
  • #673,831
  • Aug 6, 2022 11:24am Aug 6, 2022 11:24am
Quoting eyefeelsix
{quote} not for all, but might be useful for some, to all my friends here good luck and happy holidays, See You Again.. {image}
yes, price should not fall below 2060/50 region for recovery.

Agreed.
Intraday only.
  • #673,832
  • Aug 6, 2022 12:27pm Aug 6, 2022 12:27pm
probably going to 1.15 by the end of September due to more hawkish FED and dovish BOE
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #673,833
  • Aug 6, 2022 12:43pm Aug 6, 2022 12:43pm
About 30mins before market close I opted for a quick in and out BUY order for 0.5 lot size but mistakenly inserted 5.0

Ran into huge losses immediately. Waited to break even and exit but my broker had disabled orders when I finally ran into a tiny profit. Couldn't even place a SL.

Final minutes volatility sent me straight back to loss of over 10 pips!

If market opens with any mildly significant gap down, I'm done.

Please does anybody know where to get live weekend rates, or pre-market open rates later tomorrow?
  • #673,834
  • Aug 6, 2022 12:44pm Aug 6, 2022 12:44pm
Quoting BrainBucks
About 30mins before market close I opted for a quick in and out BUY order for 0.5 lot size but mistakenly inserted 5.0 Ran into huge losses immediately. Waited to break even and exit but my broker had disabled orders when I finally ran into a tiny profit. Couldn't even place a SL. Final minutes volatility sent me straight back to loss of over 10 pips! If market opens with any mildly significant gap down, I'm done. Please does anybody know where to get live weekend rates, or pre-market open rates later tomorrow?
https://www.xe.com/currencycharts/?f...o=USD&view=12H
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #673,835
  • Aug 6, 2022 12:49pm Aug 6, 2022 12:49pm
Quoting ForexGoose
{quote} https://www.xe.com/currencycharts/?f...o=USD&view=12H
Thanks
  • #673,836
  • Edited 3:20pm Aug 6, 2022 2:52pm | Edited 3:20pm
...quite a lot of commentary since U.s NFP numbers came out on Friday about their actual validity and how they can be so high these last 2 monthly prints. This week coming we have the U.s Cpi numbers on Weds, U.s Ppi on Thurs, then the Uk Gdp and Ind/manuf prod numbers on Fri, followed by the U.s UoM Cons sentiment and inflation expectations later the same day.
---------------------------------------------------
There is a repeating pattern of bearish hidden div @ Friday's 2093/4 pullback hi on 15min t/f osc's. 1Hr was in a general downtrend at the close but it's last 2 x fractal prints have been a H and a HL.

Closing state of the 10/20/50 ema crosses, then 1hr below.
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Trader with an Edge.
  • #673,837
  • Aug 6, 2022 3:12pm Aug 6, 2022 3:12pm
...we always see a lot of speculation, thoughts, and prediction, about what price will do next, here at the weekends, and indeed during the trading week. As someone far wiser than me once said, (I forget who,) '...stop worrying about what price will do, worry instead about what you will do when it does it.' It's good advice, principally because none of us know for certain what price will do next; and to second guess it, whilst it may be entertaining, is futile. All we really need to know is what the technical state of our t/f's of interest are, ie trending or ranging, and where the potential support and resistance is on each t/f. Price will do what it will do and I know it sounds trite, but if is trending, and particularly when that trend exists on all our t/f's of interest, then make an effort to get with that trend, as that is the greater probability of future price discovery. If price rejects an area of potential support/resistance then buy/sell it respectively -or- at least wait for it to reach an area of potential sbr or rbs in a trend pullback, and if it rejects that, get with the trend again. You can of course do both. Simplistic? yeh maybe, but actually these are good general guidelines.
Trader with an Edge.
  • #673,838
  • Aug 6, 2022 4:32pm Aug 6, 2022 4:32pm
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Together we can be strongest
Vantage Return This Month: na
  • #673,839
  • Aug 7, 2022 12:35am Aug 7, 2022 12:35am
10 fingers 5 to the left and 5 to the right

non are equal

you and i cannot be the same trader, this market cant move if we all think the same way.

before u take any trade you've indeed predicted where the market will go, predicting big move may not work for u doesn't mean you never predicted this market..

you dont throw a stone into a glass house without expecting some result bro.


my mentor said LEARN WHAT TO DO AND DO WHAT YOU KNOW
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MY OPINION NOT FINANCIAL ADVISE
  • #673,840
  • Aug 7, 2022 2:12am Aug 7, 2022 2:12am
Quoting donfriday
10 fingers 5 to the left and 5 to the right non are equal you and i cannot be the same trader, this market cant move if we all think the same way. before u take any trade you've indeed predicted where the market will go, predicting big move may not work for u doesn't mean you never predicted this market.. you dont throw a stone into a glass house without expecting some result bro. my mentor said LEARN WHAT TO DO AND DO WHAT YOU KNOW {image}
Well, I see a support at 2000 in D1, H4, H1.

But I do not want you to believe.

ha..ha..

Market is tricky.


Intraday only.
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