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Cable Update (GBPUSD)

  • #679,641
  • Aug 31, 2022 7:20am Aug 31, 2022 7:20am
Short eurusd
  • #679,642
  • Aug 31, 2022 7:20am Aug 31, 2022 7:20am
Quoting JereMi256
{quote} Take a look Moty, let me know what you think? {image}
the signal is here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.png Size: 15 KB
Click to Enlarge Name: gu1.png Size: 15 KB
yes yes yes
  • #679,643
  • Aug 31, 2022 7:20am Aug 31, 2022 7:20am
first, no trade, of course
  • #679,644
  • Aug 31, 2022 7:20am Aug 31, 2022 7:20am
Quoting Reverso
{quote} Short is doing well, candles after my entry has long up wicks and test the previous support as resistance repeatedly, increasing confidence in the trade. With little doubt, the price indeed moved downwards. Trade is already "no regret" status upon entry, now ascend to "no regret with high confidence". Let's see how the news will impact the price action later. {image}
ADP non farm was really bad for USD (good for GU to go up), but the bullish momentum was short lived, leaving a long up wick behind in current candle.
Not sure why, but I will take it, down it goes.
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Freedom you deserve. All Time Return: 58.1%
  • #679,645
  • Aug 31, 2022 7:25am Aug 31, 2022 7:25am
the dx is so accurate sometimes it's so amazing
in 5 hors it suppose to drop to 108 area
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 11 KB
yes yes yes
  • #679,646
  • Aug 31, 2022 7:25am Aug 31, 2022 7:25am
Moty you are overtrading. Lengthen your time frame, patience is the key to success in trading.
  • #679,647
  • Aug 31, 2022 7:26am Aug 31, 2022 7:26am
Quoting Moty
{quote} the signal is here {image} {image}
i dont see it on my chart
Face 'ur fears & tame 'ur greed
  • #679,648
  • Aug 31, 2022 7:26am Aug 31, 2022 7:26am
Quoting Reverso
{quote} ADP non farm was really bad for USD (good for GU to go up), but the bullish momentum was short lived, leaving a long up wick behind in current candle. Not sure why, but I will take it, down it goes.

News determined volatility not direction. As long as Bank and Institutional Traders keep shorting without shake-out the market, any bad news for dollars is useless.
With courage, patience, and discipline, success is a matter of time.
  • #679,649
  • Aug 31, 2022 7:27am Aug 31, 2022 7:27am
Quoting Otiken
{quote} Common Don...... We are trying to help each other here........ You don't have to do some certain thing...... Let's focus on trading........ I have not answered you last question about trade advice. Pls I will get to that in a moment

the best way to do it is by sharing ur view via quote or chart..

helping each other is by sharing not by critics
MY OPINION NOT FINANCIAL ADVISE
  • #679,650
  • Aug 31, 2022 7:27am Aug 31, 2022 7:27am
Quoting Reverso
{quote} ADP non farm was really bad for USD (good for GU to go up), but the bullish momentum was short lived, leaving a long up wick behind in current candle. Not sure why, but I will take it, down it goes.
Good economic news: dollar goes up
Bad economic news: dollar goes up

It's the Dollar Milkshake Theory

As the cost of dollar denominated commodities and debt goes up, the demand for dollars also goes up. But as the dollar goes up relative to other currencies, those other countries require even more dollars to buy commodities and service is dollar denominated debt, which puts even more upward pressure on the dollar.

Rinse and repeat.

(6) The Dollar Milkshake Theory Explained - YouTube
  • #679,651
  • Aug 31, 2022 7:28am Aug 31, 2022 7:28am
test 1.16000 first then fly rocket
  • #679,652
  • Aug 31, 2022 7:33am Aug 31, 2022 7:33am
Employment change is not that good - >> weak dollar
  • #679,653
  • Aug 31, 2022 7:33am Aug 31, 2022 7:33am
GU short
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD8.PNG Size: 17 KB
Watch me trade Live on YouTube
  • #679,654
  • Aug 31, 2022 7:34am Aug 31, 2022 7:34am
Quoting Reverso
{quote} ADP non farm was really bad for USD (good for GU to go up), but the bullish momentum was short lived, leaving a long up wick behind in current candle. Not sure why, but I will take it, down it goes.
Simple...$ is in a massive bull and trying to keep shorting it is not a very wise strategy.
Attached Image (click to enlarge)
Click to Enlarge Name: dxy.png Size: 36 KB
Plan, Prepare, Execute, Repeat
  • #679,655
  • Aug 31, 2022 7:36am Aug 31, 2022 7:36am
Quoting Moty
the dx is so accurate sometimes it's so amazing in 5 hors it suppose to drop to 108 area {image}
109.085 got it , take long gu now , it is the perfect entry
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 17 KB
yes yes yes
  • #679,656
  • Aug 31, 2022 7:39am Aug 31, 2022 7:39am
Quoting JereMi256
{quote} i dont see it on my chart
now you will see
the mf drop from 109.085 exactly, unbelievable
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 25 KB
yes yes yes
  • #679,657
  • Aug 31, 2022 7:42am Aug 31, 2022 7:42am
Quoting BeeTogether
{quote} ah ok..! we still struggling to get over 11630 your last leg down still in play in my opinion
Now I'm expecting a rocket up to 1700 then 1.2000 in days ahead..
Data + Stat + Risk/Emotions Management
  • #679,658
  • Aug 31, 2022 7:43am Aug 31, 2022 7:43am
Quoting Moty
{quote} now you will see the mf drop from 109.085 exactly, unbelievable {image}
Okay, hope this plays out for you, if it doesnt, dont freeze!
Face 'ur fears & tame 'ur greed
  • #679,659
  • Aug 31, 2022 7:43am Aug 31, 2022 7:43am
monday found support at 1.1650
tuesday found support at 1.1650 price hit below but closed above it.

i am taking a long at 1.1615 target 1.1775
sl 1.1525
MY OPINION NOT FINANCIAL ADVISE
  • #679,660
  • Aug 31, 2022 7:43am Aug 31, 2022 7:43am
It is a political impact. GU buy dip but uncertainty
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