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Cable Update (GBPUSD)

  • #677,141
  • Aug 19, 2022 11:10am Aug 19, 2022 11:10am
again long. TP 1900-19300 for next week maybe today!!!!
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There is nothing wrong with being kind & loving to each other
  • #677,142
  • Aug 19, 2022 11:11am Aug 19, 2022 11:11am
Quoting Whale
{quote} Maybe. i dont know to be honest. so Q3 will not meet with your initial target?

i am preparing long for my Q3 targets c ya have a wonderful weekend
MY OPINION NOT FINANCIAL ADVISE
  • #677,143
  • Aug 19, 2022 11:13am Aug 19, 2022 11:13am
Quoting donfriday
{quote} i am preparing long for my Q3 targets c ya have a wonderful weekend
Bye
  • #677,144
  • Aug 19, 2022 11:13am Aug 19, 2022 11:13am
Quoting navk
{quote} Instead of trying to trade reversal, One can go with trend and make some pips.
What happened bud? I gave you a like for this!!!
Don't trade what you think. Just what you see!!!
  • #677,145
  • Aug 19, 2022 11:14am Aug 19, 2022 11:14am
Quoting Mitiblotch
In this kind of dump, supports will fail. Solution, ignore this pair unto other pairs. Shorting here will be scary and buying here can still be nightmarish. @Beetogether I was asking if you live in Glasgow or go there or something. I need to ask some questions.
hi mate no I live In London, never been Glasgow or even Edinburgh. I can always look for some answers for your questions if need be so ask away
Insane in the Brain..
  • #677,146
  • Aug 19, 2022 11:15am Aug 19, 2022 11:15am
I think I should ask publicly. Anyone here know a student or anybody at Glasgow Caledonian University? I need help with making some enquiries and their phones and emails are hardly responded to this period due to high volume of calls and email this admission/enrolment period.
  • #677,147
  • Aug 19, 2022 11:15am Aug 19, 2022 11:15am
Quoting donfriday
{quote} but we are going 1750 next week No doubt possible 1.15
Lowest August to December Range in the last 12 years is 800 pips...

Which means as long as price stays below 1.2345, 1.14 will be imminent by or before December...

August to December Simulations...
1.2293 minus 800 pips = 1.1493
1.1792 plus 800 pips = 1.2592

As for this August
Maximum August Range is 650 pips
Most Repeated is between 450 - 550 pips

So far this August has produced 501 pips (1.2293 - 1.1792) this means 80% of the range for August has happened so far

August Simulations
1.2293 minus 550 pips = 1.1743
1.1792 plus 550 pips = 1.2342
Coincidentally, there are supports and resistance at 1.2345 and 1.1760...

Draw the dots, risk Reward favours buying as far as 1.1743 holds....

These are probabilities calculation which is my research excerpts with no obligation to follow.
Data + Stat + Risk/Emotions Management
  • #677,148
  • Aug 19, 2022 11:17am Aug 19, 2022 11:17am
Quoting Pat Chiko
{quote} UJ This is inverse of GU on QM zone Even this guy too want to have his sucker punch............. {image}
UJ

target set @ "kink"
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I come from the future.
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  • #677,149
  • Aug 19, 2022 11:20am Aug 19, 2022 11:20am
Quoting Pat Chiko
{quote} GU Very Noty candle trying to sucker punch....... Let go up a bit for tiny profit... {image}
GU

Lets go GU.... target before closing..
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #677,150
  • Aug 19, 2022 11:25am Aug 19, 2022 11:25am
Quoting donfriday
{quote} we are all novice cus we only predict the market is master
Not at all, we are human, most times we let emotions open and close positions even when there is no need to do so!

I believe if we tried our best to make plans and rules to follow. We would be far in this thing.
Face 'ur fears & tame 'ur greed
  • #677,151
  • Aug 19, 2022 11:27am Aug 19, 2022 11:27am
Quoting BeeTogether
{quote} hi mate no I live In London, never been Glasgow or even Edinburgh. I can always look for some answers for your questions if need be so ask away
Sent you a PM.
  • #677,152
  • Aug 19, 2022 11:28am Aug 19, 2022 11:28am
Quoting JereMi256
{quote} Not at all, we are human, most times we let emotions open and close positions even when there is no need to do so! I believe if we tried our best to make plans and rules to follow. We would be far in this thing.
Emotion is involved when u are risking money u cannot afford to lose
MY OPINION NOT FINANCIAL ADVISE
  • #677,153
  • Aug 19, 2022 11:29am Aug 19, 2022 11:29am
Quoting thatRichDude
Technically, these moves are justified if one looks at the HTF. If you notice in the screenshots attached below both the monthly and weekly chart of the dollar index has been bullish. 2 months ago, price reacted on a monthly buy zone which has been the fuel for the unending bullish moemtum for the dollar, so every obstacles on the way will be crushed until it fufills its objective. {image}{image} For GU, if you look closely at the monthly chart, you will see a monthly box i drew, well, that was the last bullish zone, if price wanted to continue...
I really appreciate the time you take to help me understand the market in ways that I don't readily understand.

Warmest Regards.
Tall tails tell tales.
  • #677,154
  • Aug 19, 2022 11:32am Aug 19, 2022 11:32am
Quoting Georginson
{quote} Lowest August to December Range in the last 12 years is 800 pips... Which means as long as price stays below 1.2345, 1.14 will be imminent by or before December... August to December Simulations... 1.2293 minus 800 pips = 1.1493 1.1792 plus 800 pips = 1.2592 As for this August Maximum August Range is 650 pips Most Repeated is between 450 - 550 pips So far this August has produced 501 pips (1.2293 - 1.1792) this means 80% of the range for August has happened so far August Simulations 1.2293 minus 550 pips = 1.1743 1.1792 plus 550 pips = 1.2342...

when ever you quote base on monthly range we fall in same numbers my style is quarter theory with divergence
MY OPINION NOT FINANCIAL ADVISE
  • #677,155
  • Aug 19, 2022 11:32am Aug 19, 2022 11:32am
Pat, G/L with your GU target, just one fib before it @ 1859 not shown on chart below, but you can see the other potential obstacles on that chart as I am sure you are aware, Price challenging 1st 'real' potential upside obstacle now.
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Good eg of what I was talking about in my last post, this long off 1792 current dly lo...which was into the dly and wkly parts of the prev 1hr/4hr/dly/wkly sw lo zone that extends down to 1759 current yrly lo, = prev supp = pot supp. Price was > 30day adr, > 13wk awr,and beyond Wkly S3. Also beyond the 76.4% downside ext of y/day's dly candle....so well extended, and it was late in the session. 3min-1hr has a repeating pattern of regular bullish div there too. So all in all a hi-prob 'anti-trend' trade and what might be a more meaningful pullback.

1hr, then dly, below
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Trader with an Edge.
  • #677,156
  • Aug 19, 2022 11:37am Aug 19, 2022 11:37am
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  • #677,157
  • Aug 19, 2022 11:41am Aug 19, 2022 11:41am
Quoting BeeTogether
{quote} hi mate no I live In London, never been Glasgow or even Edinburgh. I can always look for some answers for your questions if need be so ask away

Bro Sohail..

Come down to Salcombe.
Spice is here.
Want to check what happened to Waveskie, disappear ever since spice girl went to Salcombe.....

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I come from the future.
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  • #677,158
  • Aug 19, 2022 11:46am Aug 19, 2022 11:46am
I love this chart
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MY OPINION NOT FINANCIAL ADVISE
  • #677,159
  • Aug 19, 2022 11:46am Aug 19, 2022 11:46am
Quoting Pat Chiko
{quote} Bro Sohail.. Come down to Salcombe. Spice is here. Want to check what happened to Waveskie, disappear ever since spice girl went to Salcombe..... {image}
She has a house near by in Thurlestone, but the court order says I can't go within 3 miles of it
  • #677,160
  • Aug 19, 2022 11:48am Aug 19, 2022 11:48am
Quoting Georginson
{quote} Lowest August to December Range in the last 12 years is 800 pips... Which means as long as price stays below 1.2345, 1.14 will be imminent by or before December... August to December Simulations... 1.2293 minus 800 pips = 1.1493 1.1792 plus 800 pips = 1.2592 As for this August Maximum August Range is 650 pips Most Repeated is between 450 - 550 pips So far this August has produced 501 pips (1.2293 - 1.1792) this means 80% of the range for August has happened so far August Simulations 1.2293 minus 550 pips = 1.1743 1.1792 plus 550 pips = 1.2342...
So, you purport more shorts innit?

Kind regards.
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