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Cable Update (GBPUSD)

  • #679,181
  • Aug 30, 2022 4:01am Aug 30, 2022 4:01am
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if this is change or pull back. Same rule on the 5 min . This 30 min could ?? Could possibly be a target and even a breakout
  • #679,182
  • Aug 30, 2022 4:03am Aug 30, 2022 4:03am
New bullish H4 print confirms bulls will continue for a bit
  • #679,183
  • Aug 30, 2022 4:03am Aug 30, 2022 4:03am
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pp out on 3 trades now candle close should be the entry if ?? If it breaks below . The entry long is how we planned above with our little tl .. that’s enough from me now. Good luck
  • #679,184
  • Aug 30, 2022 4:05am Aug 30, 2022 4:05am
short again
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  • #679,185
  • Aug 30, 2022 4:10am Aug 30, 2022 4:10am
Quoting BeeTogether
{quote} i'm with you on that. as i said earlier the way we saw a bounce off the lows i am thinking we are going to see a bullish momentum. very similar to earlier this year i think around June, when we dropped hard from the 125 area to 11980 and a decent bounce back to near 123. with that in mind the 11950 area looks quite do able circa 300 pips.
Wish you are right.
Last weeks spike to 1.19 and fast reversal was a sign of bears exiting shorts?
Feds, Powell are working with Biden and forcoming elections (not too far) , they're trying to beat inflation to avoid panick and recession. So far is holding, and they will try to keep at this stance.

I would love to see bulls taking over, but we can notice a big fight, still too early to say, spikes can happen any time, game playing depending on many factors.
Currently oil is up by 4%, this can get out of hand very fast. GU and oil direction is the same.
  • #679,186
  • Aug 30, 2022 4:11am Aug 30, 2022 4:11am
For GU.. This level may not hold price...
Looks weak
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My telegram: https://t.me/avidforex
  • #679,187
  • Aug 30, 2022 4:13am Aug 30, 2022 4:13am
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yes yes yes
  • #679,188
  • Aug 30, 2022 4:15am Aug 30, 2022 4:15am
Gbpusd is retracing now but the trend is up.
  • #679,189
  • Aug 30, 2022 4:18am Aug 30, 2022 4:18am
1.17160 is where I go long again after the retrace
  • #679,190
  • Aug 30, 2022 4:22am Aug 30, 2022 4:22am
Mmm it’s looking like a possible short fail . Let it run its plan now don’t touch it
  • #679,191
  • Aug 30, 2022 4:30am Aug 30, 2022 4:30am
Quoting Chris_35
Have been a bit quiet as Ive been working on a new system, which Im trying out today with some small lots. No it doesnt win every trade, no system does, but I'm looking for consistency of more posititive to negative trades with good MM. Will give you my findings at the end of the day. Good luck everyone.
Update
- 25.9 pips
+ 51.3 pips
+ 25.4 Balance
  • #679,192
  • Edited 4:52am Aug 30, 2022 4:31am | Edited 4:52am
Quoting Indiara
{quote} USDX is trying to break out below the channel, which is pushing GU and EU up, but my personal entry criteria is not met. I will wait for something a bit more convincing before I enter. There is no hurry.

So USDX did indeed breakout which helped GU and GU push up. There was nowhere for me to enter so I'm still waiting. But waiting is free!

Edit: I think that waiting is good as the market seems unsure

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I am neither brave nor stupid...I am just a part time trader
  • #679,193
  • Aug 30, 2022 4:33am Aug 30, 2022 4:33am
Quoting JereMi256
{quote} There is nothing much going to happen, preserve more calories for the evening news later in the day/evening. Now is just note taking time for me.
Hi Bud,
It was the 5 min candles with loads of wicks. A real battle between Bulls and Bears!!
Don't trade what you think. Just what you see!!!
  • #679,194
  • Aug 30, 2022 4:33am Aug 30, 2022 4:33am
looks like we are at the retracement , but you never know , it can turns out as 5 waves moves up
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yes yes yes
  • #679,195
  • Aug 30, 2022 4:33am Aug 30, 2022 4:33am
Quoting Jolita
{quote} Wish you are right. Last weeks spike to 1.19 and fast reversal was a sign of bears exiting shorts? Feds, Powell are working with Biden and forcoming elections (not too far) , they're trying to beat inflation to avoid panick and recession. So far is holding, and they will try to keep at this stance. I would love to see bulls taking over, but we can notice a big fight, still too early to say, spikes can happen any time, game playing depending on many factors. Currently oil is up by 4%, this can get out of hand very fast. GU and oil direction...
the spike up and drop down was interesting as it was at the same time IG went down. When i read through the comments from Powell, although it is being touted as hawkish there was an underlying dovish feel to it. In the UK we have it out already the country is doomed in Q4 we know it, been in the press for a few days etc. a couple of areas i'm waiting for 11830, and 11950. A break above opens a bulish trend for a bit. Also after we have seen the huge drop to 11640-50 in only a few days the point of reversal can be just as quick too
Insane in the Brain..
  • #679,196
  • Aug 30, 2022 4:34am Aug 30, 2022 4:34am
usdchf common on...
EURCHF is moving fast to the upside... I wonder what will happen If the news affect the pair positively
My telegram: https://t.me/avidforex
  • #679,197
  • Aug 30, 2022 4:48am Aug 30, 2022 4:48am
Quoting Moty
looks like we are at the retracement , but you never know , it can turns out as 5 waves moves up {image}
fuck you aussie and weekly pivot for fucking my long trade
i didn't freezed again
switched to short
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yes yes yes
  • #679,198
  • Aug 30, 2022 4:57am Aug 30, 2022 4:57am
11753 seems to be the area to crack a couple of bounces off it so far the current one a bit brutal (20 odd pips) lets see if persistance can break it for a higher end to the day towards 118
Insane in the Brain..
  • #679,199
  • Aug 30, 2022 4:58am Aug 30, 2022 4:58am
Quoting Moty
looks like we are at the retracement , but you never know , it can turns out as 5 waves moves up {image}
yes we retrace. hopefully 2 next usd big news can further down
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #679,200
  • Aug 30, 2022 4:59am Aug 30, 2022 4:59am
Gbpchf long at 1.13860
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