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Cable Update (GBPUSD)

  • #673,921
  • Aug 8, 2022 3:40am Aug 8, 2022 3:40am
Quoting Moty
sometime i wonder why i trade this mf crooky gu other pairs are less choppy and crookier look at the aussie , from the daily open into 1 hour throw the lo , easy 50 pips {image}
You have been here many years now Moty. Don't let it get to you... tame the beast
Emotional Control. Process, not outcome.
  • #673,922
  • Aug 8, 2022 3:45am Aug 8, 2022 3:45am
Closed position...still have 2 short each GU.EU, AU..waiting signal for adding more short position
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  • #673,923
  • Aug 8, 2022 3:46am Aug 8, 2022 3:46am
long now on triple support:
circle
orizzontal line from 1/2 angle
61.8% fibo
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  • #673,924
  • Aug 8, 2022 3:47am Aug 8, 2022 3:47am
Quoting Inthebox
{quote} based on previous day low broken and h4 lower high lower low, to go down. {image}
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ITB - Seeing Orderliness amongst 'Randomness'
  • #673,925
  • Aug 8, 2022 3:50am Aug 8, 2022 3:50am
Quoting Moty
sometimes i wonder why i trade this mf crooky gu other pairs are less choppy and crookier look at the aussie , from the daily open into 1 hour throw the lo , easy 50 pips {image} {image}
Every pairs has their own bad and good time.
Today we see sloppy on GU and easy moves on AU. Tomorrow might be vice versa. This is why some profitable traders trade multiple pairs.
With courage, patience, and discipline, success is a matter of time.
  • #673,926
  • Aug 8, 2022 3:51am Aug 8, 2022 3:51am
long order at 12076 then server crashed now going manual
  • #673,927
  • Aug 8, 2022 3:51am Aug 8, 2022 3:51am
Quoting EvilEye
Well positioned in this short. 2050 seems like a reasonable daily target.
I am short. Target 2000 first and main target is 1940 area. I don't see what people are buying and why they are buying.
  • #673,928
  • Aug 8, 2022 3:52am Aug 8, 2022 3:52am
@Mitiblotch, "This morning saw pound sterling slightly stronger against both the U.S. dollar and euro respectively. Much talk has been around the British Conservative Party’s new leader and UK Prime Minister whereby both (Sunak and Truss) have hinted at some form of fiscal stimulus (tax cuts). Tax cuts are aimed at encouraging economic growth within the UK and may add to already high inflationary pressures which in turn could result in further interest rates hikes from the Bank of England (BoE)."

This is the reason for jump in GU prices.
  • #673,929
  • Aug 8, 2022 3:53am Aug 8, 2022 3:53am
Quoting Mitiblotch
{quote} I am short. Target 2000 first and main target is 1940 area. I don't see what people are buying and why they are buying.
Mine too, first tp 120 and then 11960
Insane in the Brain..
  • #673,930
  • Aug 8, 2022 3:54am Aug 8, 2022 3:54am
Quoting anandy1
@Mitiblotch, "This morning saw pound sterling slightly stronger against both the U.S. dollar and euro respectively. Much talk has been around the British Conservative Party’s new leader and UK Prime Minister whereby both (Sunak and Truss) have hinted at some form of fiscal stimulus (tax cuts). Tax cuts are aimed at encouraging economic growth within the UK and may add to already...
Thank you for the information.
  • #673,931
  • Aug 8, 2022 3:54am Aug 8, 2022 3:54am
Quoting Mitiblotch
{quote} I am short. Target 2000 first and main target is 1940 area. I don't see what people are buying and why they are buying.
True my friend, I don't see any good sign of up move since dollar is so strong for its recent data on Friday. I'm looking for reasonable shorting entry on GU and AU.
With courage, patience, and discipline, success is a matter of time.
  • #673,932
  • Aug 8, 2022 3:59am Aug 8, 2022 3:59am
Quoting ScalaFX
Now sell GU 2105 will add
All protected
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People don't plan to lose. They lose because they don't plan.
  • #673,933
  • Aug 8, 2022 3:59am Aug 8, 2022 3:59am
Quoting Chris_35
long order at 12076 then server crashed now going manual
Target 12115
  • #673,934
  • Aug 8, 2022 4:07am Aug 8, 2022 4:07am
GU is very weak. I feel it should retest fridays' lows.
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  • #673,935
  • Aug 8, 2022 4:08am Aug 8, 2022 4:08am
...the 5min bullish hidden div is trying. As I said earlier both the 1hr bearish hidden div @ current dly hi and this 5min bullish hidden div @ the current pp/back lo are showing entries into the higher t/f trend resp[ectively but both the 4hr downtrend and 1hr uptrend are not very convincing. 4hr is a more convincing downtrend imo than the 1hr uptrend currently. When I get scenarios like this, I still generally play the set-up but understand that the chance of a with-trend follow thru to, in these cases, a new trend lo/hi respectively are lower in probability. In the case of opposing set-ups like this one, obviously one will happen at some point so it's a judgment call as to which one you may hold (or not if just scalp trades.) You can of course drop down a t/f where you might get a regular div or osc extr read to better time an entry into a hidden div set-up, should PA confirm those osc reads.

The 1hr bearish hidden div followed by the 5min bullish hidden div is shown below.
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Trader with an Edge.
  • #673,936
  • Aug 8, 2022 4:13am Aug 8, 2022 4:13am
Gbpusd is currently in a range however trend remains down
  • #673,937
  • Aug 8, 2022 4:17am Aug 8, 2022 4:17am
Quoting Houtbay
Gbpusd is currently in a range however trend remains down
That's a nonsense statement, and potentially contradictory in the same sentence. On what t/f (s) is it ranging, and on what t/f (s) is it trending, and how do you measure whether it is doing either? Thanks.
--------------------------------------------

1hr below
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Trader with an Edge.
  • #673,938
  • Aug 8, 2022 4:18am Aug 8, 2022 4:18am
Time for long
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yes yes yes
  • #673,939
  • Aug 8, 2022 4:18am Aug 8, 2022 4:18am
Bears are starting to win the battle!
Don't trade what you think. Just what you see!!!
  • #673,940
  • Aug 8, 2022 4:21am Aug 8, 2022 4:21am
Quoting Theoak
Bears are starting to win the battle!
The bulls will win the battles , Monday and Tuesday will buy then maybe we can see sell from Wednesday
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