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Cable Update (GBPUSD)

  • #677,461
  • Aug 22, 2022 9:42am Aug 22, 2022 9:42am
Quoting Mitiblotch
{quote} If tomorrow is also a short then today was useless. I am not comfortable with such trends that don't give proper entry. Why should I sell 1800 after two days of sustained downward move? GBP red sticker data tomorrow will be the excuse to move price sharply tomorrow, either up or down.
red news..no one knows.

Currently 30 min candle is up.
Intraday only.
  • #677,462
  • Aug 22, 2022 9:44am Aug 22, 2022 9:44am
Quoting Mitiblotch
{quote} If tomorrow is also a short then today was useless. I am not comfortable with such trends that don't give proper entry. Why should I sell 1800 after two days of sustained downward move? GBP red sticker data tomorrow will be the excuse to move price sharply tomorrow, either up or down.
the likelihood that UK data is poor which should act as a catalyst for the pound to dump. However there is also the question as how low can the pound go?
Insane in the Brain..
  • #677,463
  • Aug 22, 2022 9:45am Aug 22, 2022 9:45am
Maybe Jackson Hole Symposium can lift this up, but i am going to stay as a bear
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You have to have an IQ higher than 90 to interact with this user.
  • #677,464
  • Aug 22, 2022 9:47am Aug 22, 2022 9:47am
Quoting Mitiblotch
Three trading days now Pivot missed and I should short it, no sir. I'll wait. Something is off here!
The market plan is to eject as many stubborn buyers as possible... Their intended low is still not attained, hence price is failing to get to daily pivot for consecutive days... 1.1820 is their stopper, till 1.1730 - 1.1713 is attained...

I'm preparing a big buy at 1.1730 all the way to 1.1667 if or when it gets there...

I'm glad I exited all my long positions at 1.1830 earlier today, which will avail me opportunity to reload lower with better margin and minimal risk.
Data + Stat + Risk/Emotions Management
  • #677,465
  • Aug 22, 2022 9:48am Aug 22, 2022 9:48am
+1% Today, 3 trades taken on the live streaming

Full session https://sharevision.com/video/bDXRqb

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SDTAG
  • #677,466
  • Aug 22, 2022 9:48am Aug 22, 2022 9:48am
Quoting Mitiblotch
{quote} If tomorrow is also a short then today was useless. I am not comfortable with such trends that don't give proper entry. Why should I sell 1800 after two days of sustained downward move? GBP red sticker data tomorrow will be the excuse to move price sharply tomorrow, either up or down.
ok but looking another leg down to 1760 to try next up. signal up breaks 1799!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #677,467
  • Aug 22, 2022 9:50am Aug 22, 2022 9:50am
Quoting Georginson
{quote} The market plan is to eject as many stubborn buyers as possible... Their intended low is still not attained, hence price is failing to get to daily pivot for consecutive days... 1.1820 is their stopper, till 1.1730 - 1.1713 is attained... I'm preparing a big buy at 1.1730 all the way to 1.1667 if or when it gets there... I'm glad I exited all my long positions at 1.1830 earlier today, which will avail me opportunity to reload lower with better margin and minimal risk.
Smart as usual. I hate it when the daily pivot is avoided for days at a stretch. If this doesn't close above 1800 today then I know there may be no proper retracement. And I won't break my rules to sell it either.
  • #677,468
  • Aug 22, 2022 9:51am Aug 22, 2022 9:51am
Quoting BeeTogether
{quote} the likelihood that UK data is poor which should act as a catalyst for the pound to dump. However there is also the question as how low can the pound go?
to the depths of despair
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  • #677,469
  • Aug 22, 2022 9:52am Aug 22, 2022 9:52am
Quoting fontu
{quote} ok but looking another leg down to 1760 to try next up. {image}
Yes, looks like a flag to breakdown.
  • #677,470
  • Aug 22, 2022 10:11am Aug 22, 2022 10:11am
Quoting Mitiblotch
{quote} Yes, looks like a flag to breakdown.
it can play both ways having result more or less same , legs small or bigger , play bull now or then , expecting correction to crash massive next.not immediately favoured though playing against big candles ! no great disaster to tank that much yet ! below 1675 to 13++ to 11++ for next better support next . so 1759 +- may support enough to get some time unless something very big happening, a nuke or power plant there
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #677,471
  • Aug 22, 2022 10:17am Aug 22, 2022 10:17am
Gold added a short
  • #677,472
  • Aug 22, 2022 10:27am Aug 22, 2022 10:27am
Sliding dangerously closer to 17500. EU also at it's multi decade low. I expect a bounce. Still holding my 1794 buy. If today closes below 1800 I will close it.

Edit: 1760 hit. Price will most likely close below 1800.
  • #677,473
  • Aug 22, 2022 10:28am Aug 22, 2022 10:28am
Quoting Reverso
Entered Short, entry 1.17788, SL 1.18175, TP 1.17208. I hear a distant voice whispering to my ear, the voice said "dump it". {image}
Price closed for a new low, immediately after that breaking into new lows.
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  • #677,474
  • Aug 22, 2022 10:29am Aug 22, 2022 10:29am
Quoting Mitiblotch
Sliding dangerously closer to 17500. EU also at it's multi decade low. I expect a bounce. Still holding my 1794 buy. If today closes below 1800 I will close it.
Mi lord, will my tp hit?
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #677,475
  • Aug 22, 2022 10:29am Aug 22, 2022 10:29am
Market could drop to 1.16-1.1550 according to my analysis on daily chart. This trendline looks so valid
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With courage, patience, and discipline, success is a matter of time.
  • #677,476
  • Aug 22, 2022 10:30am Aug 22, 2022 10:30am
Quoting Reverso
{quote} Mi lord, will my tp hit?
You are already in good profit. You can bank some and leave a few to run to your TP.
  • #677,477
  • Aug 22, 2022 10:33am Aug 22, 2022 10:33am
Quoting Reverso
{quote} I cant name it, rumours said the voice came from the blockchain itself, an omnipotent being that got rid of its mortal body and transferred its consciousness into blockchain, it sounds so familiar, who is this voice?
I told you sminem you could not break my stroganoff MA - bend the knee

OUT
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Don't trade what you think. Just what you see!!!
  • #677,478
  • Aug 22, 2022 10:34am Aug 22, 2022 10:34am
Quoting JameRomeo168
Market could drop to 1.16-1.1550 according to my analysis on daily chart. This trendline looks so valid {image}
Romeo, whisper those price level into my ear as if I am your Juliet.
I want those price level to reach there because it will hit my TP along the way =)
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  • #677,479
  • Aug 22, 2022 10:36am Aug 22, 2022 10:36am
Quoting Theoak
{quote} I told you sminem you could not break my stroganoff MA - bend the knee OUT {image}
Boy Sminem should not interfere with those guys in the blockchain right now, no Pump it pls.
Only Dumps.
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Freedom you deserve. All Time Return: 50.4%
  • #677,480
  • Aug 22, 2022 10:38am Aug 22, 2022 10:38am
Quoting Reverso
{quote} Romeo, whisper those price level into my ear as if I am your Juliet. I want those price level to reach there because it will hit my TP along the way =)
Your TP is at 1.1720? I think 95% it will hit. But lets the price settle at 1.1760 first. If this down move is sustainable, tomorrow I will drive to South with you all the way to 1.16
With courage, patience, and discipline, success is a matter of time.
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