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Cable Update (GBPUSD)

  • #702,781
  • Nov 2, 2022 10:59am Nov 2, 2022 10:59am
Quoting mrluckystar
Added NU short.. target 0.5785 Buy limit @ 0.5783 with tight stop {image} {image}
Taken some loses at NU...
Re entry at above R to cover the loses.. will close manually later..
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Peace Yo!
  • #702,782
  • Nov 2, 2022 11:06am Nov 2, 2022 11:06am
Quoting Fardeen1209
What is happening rn is clearly manipulation. VOL is relatively low, PA spread is wide. MM move to liquidity zone yesterday low?
Fardeen1209, here are 3 methods of trading (EW, Harmonic Patterns, Pivot Points) that shouldn't surprise you. What is your trading method?
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #702,783
  • Nov 2, 2022 11:10am Nov 2, 2022 11:10am
Quoting kuroro001
Funny fact or not Everytime the US raises rates USD rises, everytime ANY other countries do the same, their currency falls The world should get rid of the USD as THE currency
Well, most of the time Fed confirms its hawkishness, and others confirm their tentativeness, and even when raising interest rates talk about need to look at the wider economy. I actually remember at least one instance in the last few months USD fell after Fed when markets decided that Fed starts to shift into "data-driven" mode.
  • #702,784
  • Nov 2, 2022 11:11am Nov 2, 2022 11:11am
Quoting Coreg2004
{quote} Fardeen1209, here are 3 methods of trading (EW, Harmonic Patterns, Pivot Points) that shouldn't surprise you. What is your trading method? {image}
Market structure, support and resistance zone, S&R FliP, and Liquidity zone. and Volume Price Analysis at these zone with Fundamentals supports the direction.
More time in the market, does not mean you trade better!
  • #702,785
  • Nov 2, 2022 11:14am Nov 2, 2022 11:14am
Quoting Coreg2004
{quote} Fardeen1209, here are 3 methods of trading (EW, Harmonic Patterns, Pivot Points) that shouldn't surprise you. What is your trading method? {image}
I think needn't any patterns here, just open M30, and simply highlight LL, HL trend down easy... Where it will be broken, ofc question, nobody know exactly, catching knives dangerous deals... I think next everyone use their own strategy of trading
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  • #702,786
  • Nov 2, 2022 11:15am Nov 2, 2022 11:15am
1.14520 now support
  • #702,787
  • Nov 2, 2022 11:20am Nov 2, 2022 11:20am
Quoting DmShka
{quote} I think needn't any patterns here, just open M30, and simply highlight LL, HL trend down easy... Where it will be broken, ofc question, nobody know exactly, catching knives dangerous deals... I think next everyone use their own strategy of trading {image}
Thought UK QT would save the ££
But in vain!
More time in the market, does not mean you trade better!
  • #702,788
  • Nov 2, 2022 11:24am Nov 2, 2022 11:24am
Quoting DmShka
{quote} I think needn't any patterns here, just open M30, and simply highlight LL, HL trend down easy... Where it will be broken, ofc question, nobody know exactly, catching knives dangerous deals... I think next everyone use their own strategy of trading {image}
DmShka, rest assured that I know Dow's theory. I posted it a few times here urging people to give a chance to guide them in analyzing the market structure. Pattern trading helps me pinpoint the potential reversal zone if they hold.
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Always trade your own plan...I don't provide trading signals.
  • #702,789
  • Nov 2, 2022 11:24am Nov 2, 2022 11:24am
Believer?

I was speaking to Andrew Tate..

The reason why I asked about FOMC is because this offer will end (200% bonus..) just before Fed's rate hike decision.

Honestly, I don't understand anything of this..

I said interesting as if I knew what on Earth this is all about.. hahahahahahah
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  • #702,790
  • Nov 2, 2022 11:27am Nov 2, 2022 11:27am
ADP Report In-Depth
It seems it was terrible, not good..

One should really avoid this pro-Fed news reporter opinions and go over the reports by oneself..

Inserted Video
Attached Image (click to enlarge)
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  • #702,791
  • Nov 2, 2022 11:27am Nov 2, 2022 11:27am
GU retracing up now. I may be wrong
POSTMASTER
  • #702,792
  • Nov 2, 2022 11:29am Nov 2, 2022 11:29am
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yes yes yes
  • #702,793
  • Nov 2, 2022 11:30am Nov 2, 2022 11:30am
I have put a buy from 1.1456... target 1.1556 very tight stop at 1.1426...
Data + Stat + Risk/Emotions Management
  • #702,794
  • Nov 2, 2022 11:36am Nov 2, 2022 11:36am
Quoting TheWolf
ADP Report In-Depth It seems it was terrible, not good.. One should really avoid this pro-Fed news reporter opinions and go over the reports by oneself.. https://www.youtube.com/watch?v=9QecII2jrSc {image}
Just seasonal Employment who will be laid off once again on 01 JAN 2023
More time in the market, does not mean you trade better!
  • #702,795
  • Nov 2, 2022 11:36am Nov 2, 2022 11:36am
Quoting Coreg2004
{quote} Fardeen1209, here are 3 methods of trading (EW, Harmonic Patterns, Pivot Points) that shouldn't surprise you. What is your trading method? {image}
agree with this chart.

1450/40 may hold for buy.
Intraday only.
  • #702,796
  • Nov 2, 2022 11:43am Nov 2, 2022 11:43am
GBP/USD price very close to main S 1.144. Hahahah, how about a spike down to eliminate buyers SL's that have boarded on the Support yesterday?
Hmm..

I'll Buy any dip Fed causes.. if it goes up I don't care..
Where is Pat now when I need him.. he would most likely know where SL's reside..
  • #702,797
  • Nov 2, 2022 11:44am Nov 2, 2022 11:44am
Took 4.5 days off travelling. Back just in time for FOMC.

Added two more long trades on the Cable @ 1.1487 and 1.1460. I'll add more if it dips down to 1.1400 during FOMC presser. Let's see what Jay Powell has in store for us. I liked him more when he's giving ambiguous statement, hawkish AND dovish, enough to drive the market up the wall.

Also added two short trades on the USD/JPY pair, at 148.18 and 148.74. Also added another two long trades on the Euro and the Swissy. That was... Me saying to myself... let's not trade too much here, since me being a nooooob.
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  • #702,798
  • Nov 2, 2022 11:45am Nov 2, 2022 11:45am
Quoting Georginson
I have put a buy from 1.1456... target 1.1556 very tight stop at 1.1426...
A tight SL is usually triggered on a Fed day, even if GU does go up (I don't think it will though).
  • #702,799
  • Nov 2, 2022 11:53am Nov 2, 2022 11:53am
Attached Image (click to enlarge)
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  • #702,800
  • Nov 2, 2022 11:53am Nov 2, 2022 11:53am
GU, just let the price Drift Away...
To free Gazans of Hamas, use whatever it takes.
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