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Cable Update (GBPUSD)

  • #702,301
  • Nov 1, 2022 3:44am Nov 1, 2022 3:44am
30M above 1.1522 on close means Buy.
  • #702,302
  • Nov 1, 2022 3:45am Nov 1, 2022 3:45am
Quoting Robinhood1
Cable to reach 1.1200, slightly below and up
Sorry, 1.1068. displayed wrong retros
POSTMASTER
  • #702,303
  • Nov 1, 2022 3:46am Nov 1, 2022 3:46am
Quoting Robinhood1
{quote} Sorry, 1.1068. displayed wrong retros
I vote for 1.21!
  • #702,304
  • Nov 1, 2022 3:47am Nov 1, 2022 3:47am
What's with the sudden volatility?
"No trade is still a trade." - Peter Borish
  • #702,305
  • Nov 1, 2022 3:48am Nov 1, 2022 3:48am
London is known for making a total confusion and this time I don't bite..
I'll drink some tea in their name!
  • #702,306
  • Nov 1, 2022 3:50am Nov 1, 2022 3:50am
Quoting TheWolf
Above 1.153 this 15M candle, then Buy continues, system suggests..

My long entry came @ 1.14991 and Tp was 1.15358. Price has failed to open and close above 1.15358 because the H1 bearish structure is still intact.

now we can short when price close and open below 1.15070.

Price is likely to form another low.

My stop is usually very tight so I don’t feel the losses most of the time. That’s my advise for everyone trading forex.
My telegram: https://t.me/avidforex
  • #702,307
  • Nov 1, 2022 3:52am Nov 1, 2022 3:52am
Quoting Robinhood1
{quote} Sorry, 1.1068. displayed wrong retros
Do you mean that based on a large sample (s) historical evidence per your own analysis that there is a greater probability of that happening over say price rising,? -or- do you uniquely have the ability to see into the future that no one else has?

Also, with that level of conviction that price will drop to the level you mentioned, you must be short and holding for that level as a target?
Trader with an Edge.
  • #702,308
  • Nov 1, 2022 3:54am Nov 1, 2022 3:54am
Possible retracement levels up until Wednesday/US Fed rate hike day...
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"No trade is still a trade." - Peter Borish
  • #702,309
  • Nov 1, 2022 3:58am Nov 1, 2022 3:58am
4H chart
GU is still bearish I think....
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!! Radha Radha !!
  • #702,310
  • Nov 1, 2022 4:04am Nov 1, 2022 4:04am
If/after tp i will
look for long.
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  • #702,311
  • Nov 1, 2022 4:06am Nov 1, 2022 4:06am
Going to sleep now guys.

Over trading is injurious to health as well as account.

My bias is short.... will be trying to sell in NY when i come back in NY session.

I was always selling spike high.... today except the first set of trades in asia, long trades. That was the main trade though
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Intraday only.
  • #702,312
  • Nov 1, 2022 4:20am Nov 1, 2022 4:20am
Quoting Robinhood1
{quote} Sorry, 1.1068. displayed wrong retros
Mistaken again, lower still, 1.0974
POSTMASTER
  • #702,313
  • Nov 1, 2022 4:23am Nov 1, 2022 4:23am
Quoting TheWolf
{quote} I vote for 1.21!
Feel free to do so buddy
POSTMASTER
  • #702,314
  • Nov 1, 2022 4:26am Nov 1, 2022 4:26am
Quoting Moty
Come on
Switched to short for 20 pips
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yes yes yes
  • #702,315
  • Nov 1, 2022 4:27am Nov 1, 2022 4:27am
Quoting Whale
{quote} Everything shows this setup. Imo will failed, but your setup is dynamic because its based MA's
as long H4 price action doesn't break mid BB as csak i will hold my sell position on GU...
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"bad trades at times do happen even when the set up are good"
  • #702,316
  • Nov 1, 2022 4:32am Nov 1, 2022 4:32am
Quoting Robinhood1
{quote} Sorry, 1.1068. displayed wrong retros
Agree.. but it will take two weeks.
lets say not before the mid of November
  • #702,317
  • Nov 1, 2022 4:34am Nov 1, 2022 4:34am
This price action isn't what I hoped for. London made too much of a mess today..my SL is probably hit. Now, there's no point anymore. Range until Fed..

If it goes up now hahahah.. after hitting my SL.. man oh man..
The worst feeling ever.
  • #702,318
  • Nov 1, 2022 4:41am Nov 1, 2022 4:41am
It's either Buy or Range today in my opinion.
Thing is, we were already anticipating this before.
1.166 first then retracement to 1.15 and then another leg to 1.20.

This could still play out, who knows.
  • #702,319
  • Nov 1, 2022 4:44am Nov 1, 2022 4:44am
Quoting Headland
{quote} Do you mean that based on a large sample (s) historical evidence per your own analysis that there is a greater probability of that happening over say price rising,? -or- do you uniquely have the ability to see into the future that no one else has? Also, with that level of conviction that price will drop to the level you mentioned, you must be short and holding for that level as a target?
Both
1.1068 as been replaced by 1.0974 now. I am not short cos i am full leverage on Gold long. Giving my opinion.
And at the same time checking how big the scam is. It should have never gone above 1.1590 and i am referring to all fiat currencies. Gold seems to be a truthfull instrument. My 2 cents
POSTMASTER
  • #702,320
  • Nov 1, 2022 4:44am Nov 1, 2022 4:44am
Quoting Moty
{quote} Switched to short for 20 pips {image}
Mistake
Switched to long
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yes yes yes
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