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Cable Update (GBPUSD)

  • #706,781
  • Nov 13, 2022 12:21pm Nov 13, 2022 12:21pm
Bilal one learns by sharing, and one cannot change one’s nature. As I get older I get more impressed by acts of kindness, than by money. Most importantly always be good and respect oneself. You are a good man and so are many on this forum.
  • #706,782
  • Nov 13, 2022 12:55pm Nov 13, 2022 12:55pm
Hi market is now 1866
  • #706,783
  • Nov 13, 2022 12:56pm Nov 13, 2022 12:56pm
Quoting elbert3
Hi market is now 1866
What source is this please?
Data + Stat + Risk/Emotions Management
  • #706,784
  • Nov 13, 2022 1:13pm Nov 13, 2022 1:13pm
Quoting elbert3
Hi market is now 1866
Hopefully this is not being made up cos my sources show me different 1842
  • #706,785
  • Nov 13, 2022 1:15pm Nov 13, 2022 1:15pm
Quoting Georginson
{quote} What source is this please?
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it’s come down from posting before
  • #706,786
  • Nov 13, 2022 1:17pm Nov 13, 2022 1:17pm
This is more like it.
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  • #706,787
  • Nov 13, 2022 1:19pm Nov 13, 2022 1:19pm
How reliable are pre-opening fluctuations anyhow? If weekend trading rates is different to Friday Close by, let's say, more or less 30m atr, I strongly doubt it is worth taking seriously. Warning : arbitrary lazy Sunday night wine view
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #706,788
  • Nov 13, 2022 1:19pm Nov 13, 2022 1:19pm
Quoting Robinhood1
{quote} Gold is in the pockets of the elite. That is why in the last 120 years wars have been organized with the purpose of looting. Goverments, UN, vatican and others also have been dequalified. No digital curreny is legal no matter what they create. Time will tell. Read all you want, just BS.
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I live in the future
  • #706,789
  • Nov 13, 2022 1:36pm Nov 13, 2022 1:36pm
No gap today..
and if so it will be minimal and negligible

two zones to watch if the market will go down this week

but i will wait for 2h after LO like i always do on monday
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  • #706,790
  • Nov 13, 2022 3:03pm Nov 13, 2022 3:03pm
Gap will be below 1800
  • #706,791
  • Nov 13, 2022 3:07pm Nov 13, 2022 3:07pm
Quoting elbert3
Gap will be below 1800
Mines showing 11815
  • #706,792
  • Nov 13, 2022 3:17pm Nov 13, 2022 3:17pm
Quoting Garthmetro
{quote} Mines showing 11815
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1795
  • #706,793
  • Nov 13, 2022 3:36pm Nov 13, 2022 3:36pm
GBPUSD price action on the daily time frame is bullish. On Thursday, price action made a strong bullish charge into the 1.6370/1.18210 horizontal resistance zone (purple). It followed this up on Friday with a relatively small bullish candlestick closing at the upper boundary of the zone, and we may see further northward move in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #706,794
  • Nov 13, 2022 4:06pm Nov 13, 2022 4:06pm
Coming week Mr Hunt will release autumn statement with proposed spending cuts, higher taxes.
Perhaps will help ease recession, but will worsen NHS, education.
Debt increase is typically passed to taxpayers.

BBC News - Autumn Statement: Jeremy Hunt plans billions in spending cuts
https://www.bbc.co.uk/news/uk-63599465
  • #706,795
  • Nov 13, 2022 4:21pm Nov 13, 2022 4:21pm
New on here and taking notes from everyone literally..
For every FOMC speech it seem to move the market a-bit lower and then upscale can someone Please enlighten me on this obser………
  • #706,796
  • Nov 13, 2022 4:27pm Nov 13, 2022 4:27pm
Quoting Jolita
Coming week Mr Hunt will release autumn statement with proposed spending cuts, higher taxes. Perhaps will help ease recession, but will worsen NHS, education. Debt increase is typically passed to taxpayers. BBC News - Autumn Statement: Jeremy Hunt plans billions in spending cuts https://www.bbc.co.uk/news/uk-63599465
How do you think that will impact GBP?
  • #706,797
  • Nov 13, 2022 4:29pm Nov 13, 2022 4:29pm
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  • #706,798
  • Nov 13, 2022 4:32pm Nov 13, 2022 4:32pm
Quoting elbert3
{quote} {image}1795
You win this round
  • #706,799
  • Nov 13, 2022 4:36pm Nov 13, 2022 4:36pm
Quoting dempire1
Hello fellow traders. I have a questions about candlestick wicks. Is there any kind of logic to them? What do they mean/represent? Do you somehow use wicks/bodies? Can you show examples? thanks in advance
Quoting RickM
{quote} Well if there is no wick on a one minute bullish candle with 10 seconds remaining till candle close - Sell. Or most candles in the last 5% of time remaining till close. A simple high reward trade with no risk. There is no noise there, only iceberg orders or absorption orders sitting there.
Are you perhaps stating that it's possible to trade well without volume data?

Also, we know that "Japanese Candlesticks (including their "wicks") are only a constructed draw graphically representing the price levels where something has been transacted, in relation to specific chunks of time? As well as "time-frames". So candle open/close prices (except the opening and closing of some markets) are nothing else than the "space" where tick after tick price has changed up and down... hence there are candles inside candles inside candles all made of the same ticks.
  • #706,800
  • Nov 13, 2022 4:51pm Nov 13, 2022 4:51pm
Quoting Garthmetro
{quote} You win this round
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