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Cable Update (GBPUSD)

  • #674,441
  • Aug 10, 2022 12:53am Aug 10, 2022 12:53am
Quoting Mitiblotch
I know some people are buying that W pattern on the 1hr chart. And I am here just shaking my head. Just a glance at that 2060 area some call support, will tell you price is cooking to smash it and it will be forceful! It might be a single 100 pip candle. Lol... Wait for spikes, sell it! Keep a reasonable SL. Don't be a bottom-fishing hero. It usually doesn't work. Today, I will wait for spikes to 2100 and short it. My TP are 2030 , 2000, and 1960 area. Good morning.
Good morning Bro. You are thinking what I am thinking, no W pattern, the market will smash down. One thing I am not sure of is; I don't know why people keep on buying in a down trend market. It is like my head is not correct.
  • #674,442
  • Edited 1:19am Aug 10, 2022 1:01am | Edited 1:19am
Quoting Theoak
Support at 1.2079, like a wall, if broke will short!
Short in at 1.2076

quick scalp +6 pips
Don't trade what you think. Just what you see!!!
  • #674,443
  • Aug 10, 2022 1:05am Aug 10, 2022 1:05am
Quoting tehtawar
{quote} Name determines destiny brother
Then how about tehijo?
We will have green pips
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #674,444
  • Aug 10, 2022 1:13am Aug 10, 2022 1:13am
Quoting TonyHoney
{quote} Good morning Bro. You are thinking what I am thinking, no W pattern, the market will smash down. One thing I am not sure of is; I don't know why people keep on buying in a down trend market. It is like my head is not correct.
They are buying the lows, but it's basically countertrend trading - lower probability and lower gains. I do it sometimes but on a smaller size, especially when my go-to set-ups are hard to come by.
Fortune favors the brave.
  • #674,445
  • Aug 10, 2022 1:18am Aug 10, 2022 1:18am
Entered short
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yes yes yes
  • #674,446
  • Aug 10, 2022 1:25am Aug 10, 2022 1:25am
Holding short
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  • #674,447
  • Aug 10, 2022 1:36am Aug 10, 2022 1:36am
I'm probably only going to get involved with a buy at this point if/when price stop hunts under 1.2047
Staying out otherwise
  • #674,448
  • Aug 10, 2022 1:37am Aug 10, 2022 1:37am
Quoting Theoak
{quote} Short in at 1.2076 quick scalp +6 pips
There is support at 1.2066...and also yesterday's low 1.2063. She might have a few goes at this level, but its very strong support not sure there is enough momentum at present to crack it..
Don't trade what you think. Just what you see!!!
  • #674,449
  • Aug 10, 2022 1:41am Aug 10, 2022 1:41am
ok market at a bottom, trying to bull more or less , done very well so too , but not any enough yet ! so correct down to see if any good support to bull start again . watching 2080 breaks and hold for 2045 breaks for price below 1913 to rebuild bull , best price can be 1802. lets see how develop , anyway scalping heaven as in sideways but legs are long here unlike eu! so one way be better
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #674,450
  • Edited 1:54am Aug 10, 2022 1:43am | Edited 1:54am
Trying to Long maybe a quick scalp or SLed

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Updated : SL +0, to much margin used so stay safe
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SLed

Entering new one, with smaller lot
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #674,451
  • Aug 10, 2022 1:46am Aug 10, 2022 1:46am
Quoting mngnglkl
{quote} Hi! I hope this might help you. The 5 Fundamental Truths of Trading: 1. Anything can happen.
I don't belong to that school of thought. I believe:

1. Certain things repeatedly happen
2. You need to know where you are in that to trade successfully.
3. An edge is what you're looking for when trading, literally
4. The correct edge always pays out.
5. The market likes to muck about within the framework of the things which repeatedly happen - to throw everyone off.

My problem at the moment is with #2
  • #674,452
  • Aug 10, 2022 1:50am Aug 10, 2022 1:50am
Quoting Theoak
{quote} There is support at 1.2066...and also yesterday's low 1.2063. She might have a few goes at this level, but its very strong support not sure there is enough momentum at present to crack it..
12060 area looks as if it built like a brick. It’s not caving in at all. What I don’t know is how deep it will support if it does crack my thinking is around 12050 will still be an area of support.
Insane in the Brain..
  • #674,453
  • Aug 10, 2022 1:51am Aug 10, 2022 1:51am
GBPUSD 1H chart from my cyclical point of view:only the breaking of the trading range (black lines) will determine the Time of the next rise or fall
for now it is respecting the cycles ... let's see the next days!
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  • #674,454
  • Aug 10, 2022 1:56am Aug 10, 2022 1:56am
Quoting EvilEye
{quote} I don't belong to that school of thought. I believe: 1. Certain things repeatedly happen 2. You need to know where you are in that to trade successfully. 3. An edge is what you're looking for when trading, literally 4. The correct edge always pays out. 5. The market likes to muck about within the framework of the things which repeatedly happen - to throw everyone off. My problem at the moment is with #2
Exactly, since it is the opposite of his #2 that drives the market, and we called it market sentiment!
More time in the market, does not mean you trade better!
  • #674,455
  • Aug 10, 2022 1:56am Aug 10, 2022 1:56am
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yes yes yes
  • #674,456
  • Aug 10, 2022 2:01am Aug 10, 2022 2:01am
Inserted Video
  • #674,457
  • Aug 10, 2022 2:05am Aug 10, 2022 2:05am
Adding more long, same lot
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #674,458
  • Aug 10, 2022 2:07am Aug 10, 2022 2:07am
Wondering is a higher core inflation rate bad for the USA...Any opinion out there.
average dude treading water
  • #674,459
  • Aug 10, 2022 2:14am Aug 10, 2022 2:14am
GBPUSD 15 min chart: the half-day cycle is highlighted. in the short term it is up ... if it were to break the low just made it would become down .... this is what I think
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  • #674,460
  • Aug 10, 2022 2:15am Aug 10, 2022 2:15am
Quoting eyefeelsix
{quote} no re-entry long after broken parallel line, just follow what the market wants {image}
blue lines in range --- try short atm 12p risk
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