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Cable Update (GBPUSD)

  • #708,941
  • Nov 23, 2022 9:38am Nov 23, 2022 9:38am
Quoting Bella.al
{quote} Current Rate : 1.19612 I am not going to update T/S from here i will allow the market to breath. Today's intraday high was 1.19809 and will see what happens next . T/S at 1.19273 for atleast 4-8 hours in current market conditions ... if it holds ( Locked +40 Pips ). -Bella's Blue {image}
Current Rate : 1.20344

Currently GBPUSD has completed 2 of Bella's Price Objectives already

1. Bella's Price Objective 1 : 1.19828
2. Bella's Price Objective 2 : 1.20306
3. Bella's Price Objective 3 : 1.21748 ( T/P) of today's trade which i am trailing...

Change of Plans about T/S

Time to Move the Trailing Stop : T/S Adjusted to 1.20027 Locked + 116 Pips

Bella's Blue
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Goddess of Thunder..
  • #708,942
  • Nov 23, 2022 9:38am Nov 23, 2022 9:38am
2112 if it takes out the high
  • #708,943
  • Nov 23, 2022 9:41am Nov 23, 2022 9:41am
I remember when, only a month ago, the world couldn't get enough dollars. It seemed that no matter what the news, good or bad, the dollar went up. Now it's totally flipped. No matter what the news, the dollar goes down.

Even people on here were saying that the pound is dead, some even saying it might even reach parity.
  • #708,944
  • Nov 23, 2022 9:41am Nov 23, 2022 9:41am
Quoting elbert3
2112 if it takes out the high
2400 if it takes out 2100.. it is still undervalued compared to dollar
  • #708,945
  • Nov 23, 2022 9:43am Nov 23, 2022 9:43am
Quoting dantpm
{quote} How is it bad news for the US$? Manufacturing sector contracting, this is kind of stuff the FED wants to see, higher unemployment! Not what is typically wanted from the economy but signs of a slowing instead of a growing economy to fight inflation. This is a knee jerk reaction in the wrong direction! No I am not saying that it will correct!
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I use excel sheet to monitor these news. and found interesting facts. Some high impact news move the market, while others high impact news don't. I have clearly separated them.

Attached Image (click to enlarge)
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Picture 2 shows the News events and Price move (EURUSD you can calculate for GU), price move is in points please remove zero for PIPs. This is How I see the News.
  • #708,946
  • Nov 23, 2022 9:43am Nov 23, 2022 9:43am
Quoting Moty
this is what i got left until next deposit on next Wednesday {image}
Risk 1% and add on profitable trade
MY OPINION NOT FINANCIAL ADVISE
  • #708,947
  • Nov 23, 2022 9:44am Nov 23, 2022 9:44am
Quoting donfriday
sold 1.1950 sl 100 tp 300 not a call just taking a risk

lost 1% for the day
MY OPINION NOT FINANCIAL ADVISE
  • #708,948
  • Nov 23, 2022 9:45am Nov 23, 2022 9:45am
Quoting dantpm
{quote} Pretty sure I have it right. https://www.investopedia.com/terms/f...rvices-pmi.asp
FED want to reduce global infation
They figure raising interest rates, will cause people to spend less because there outgoings increase..
Inflation is reducing in America, market see this as positive, USD goes south

What you are not factoring in is (I think)..USD has been bought because of fear (flight to safety) now markets are more optimistic, money is be taken out of USD and back into normal sh*t. High USD means everything becomes weak..this also reduces inflation cause people have less to spend

Im mostly probably wrong but hey!! Just throwing it out there
  • #708,949
  • Nov 23, 2022 9:46am Nov 23, 2022 9:46am
Quoting giveachance
{quote} 2400 if it takes out 2100.. it is still undervalued compared to dollar
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hi GC some resistance between 2060 and 2112 so just note it
  • #708,950
  • Nov 23, 2022 9:50am Nov 23, 2022 9:50am
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Pp on 48 short hedge taken at 70 target 1950
  • #708,951
  • Nov 23, 2022 9:51am Nov 23, 2022 9:51am
Quoting elbert3
{image}Pp on 48 short hedge taken at 70 target 1950
Pp 69
  • #708,952
  • Nov 23, 2022 9:57am Nov 23, 2022 9:57am
4H
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!! Radha Radha !!
  • #708,953
  • Nov 23, 2022 10:01am Nov 23, 2022 10:01am
un poquito, por favor
  • #708,954
  • Nov 23, 2022 10:14am Nov 23, 2022 10:14am
Quoting Moty
this is what i got left until next deposit on next Wednesday {image}
Moty, maybe it's time to focus on weekly>daily>4hr instead of 30min>5min.
I feel your pain.....I was in the same position about 7 years ago.
Lost....
  • #708,955
  • Nov 23, 2022 10:16am Nov 23, 2022 10:16am
Quoting mohrali
{image}
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Do not get emotional when you gain or lose
  • #708,956
  • Nov 23, 2022 10:18am Nov 23, 2022 10:18am
the ribbon is blue so only long trades
i had 4 opportunities to enter a successful trade
but i thing i know it all
i am out until Wednesday
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yes yes yes
  • #708,957
  • Nov 23, 2022 10:25am Nov 23, 2022 10:25am
Weekly chart gives me an overall pic.
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Slight dip from here but tomorrow/Friday could attack WR2 (1.2190 - 1.2250) for a retrace next week. We'll wait and see.
Lost....
  • #708,958
  • Nov 23, 2022 10:29am Nov 23, 2022 10:29am
Quoting Bryan5229
{quote} Price pushed against the resistance until the was breakout above on 30min chart, now price has breached the 4hr resistance at 1.19507 opening new target at 1.20782 ,now will focus on getting entry on lower timeframe. Only if we close above 4hr resistance, then can start buying.
Target hit.
Plan your trades and trade your plan.
  • #708,959
  • Nov 23, 2022 10:40am Nov 23, 2022 10:40am
Quoting gespiri
{quote} Moty, maybe it's time to focus on weekly>daily>4hr instead of 30min>5min. I feel your pain.....I was in the same position about 7 years ago.
There is no need to focus on those big TFs, but there is a need to check them to see what they are doing. It is REALLY no surprise at all to see price making new highs on smaller TFs when the MN1 is in a RALLY, and likely to hit 1.23. And even though W2 has more than enough bars to end going up, not even M15 can get into a down trend. So if small TFs can't get into down trends, it is IMPOSSIBLE for even the D1 to swing down.
To free Gazans of Hamas, use whatever it takes.
  • #708,960
  • Nov 23, 2022 10:43am Nov 23, 2022 10:43am
Wave 4.. target 1.1960/70.
Will reload there for wave 5 rides till 1.2190 tomorrow..

And sell there till 1.1720 for next week
Peace Yo!
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