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Cable Update (GBPUSD)

  • #708,981
  • Nov 23, 2022 10:14am Nov 23, 2022 10:14am
Quoting donfriday
{quote} U W...try again
U W, try again
  • #708,982
  • Nov 23, 2022 10:19am Nov 23, 2022 10:19am
Quoting dantpm
{quote} You are probably assuming a rational reaction of the markets to the data presented. That isn't happening. The FED is interfering with the rational reaction and overlaying a FED induced reaction.
Lets see, down is possible we are at the max point of reversal (former support/resitance) questions will it fold or flip?
  • #708,983
  • Nov 23, 2022 10:20am Nov 23, 2022 10:20am
Quoting Whale
{quote} U W, try again
Elbert3 seems to believe that you should enter beside a pair of candle tops or bottoms that changed direction to obscure your entry.
Just a thought.
  • #708,984
  • Nov 23, 2022 10:23am Nov 23, 2022 10:23am
Quoting nAVIN2007
{quote} Lets see, down is possible we are at the max point of reversal (former support/resitance) questions will it fold or flip?
265 pips to 500 pips will happen Navin... A very strong resistance at 1.2080 - 1.2100 area, also noteworthy that 50% of this year move terminates at 1.2050 area...
Data + Stat + Risk/Emotions Management
  • #708,985
  • Nov 23, 2022 10:33am Nov 23, 2022 10:33am
Quoting dantpm
{quote} Elbert3 seems to believe that you should enter beside a pair of candle tops or bottoms that changed direction to obscure your entry. Just a thought.
Sorry, what?
  • #708,986
  • Nov 23, 2022 10:33am Nov 23, 2022 10:33am
Looking for a high point 121 dot 4 to even 122
  • #708,987
  • Nov 23, 2022 10:35am Nov 23, 2022 10:35am
Quoting Whale
{quote} Sorry, what?
If you enter beside a candle pair where direction changed there is a higher probability that your entry will be confused with an earlier entry/exit than if you enter randomly.
At least that is how I understood it.
  • #708,988
  • Nov 23, 2022 10:38am Nov 23, 2022 10:38am
Quoting Georginson
{quote} 265 pips to 500 pips will happen Navin... A very strong resistance at 1.2080 - 1.2100 area, also noteworthy that 50% of this year move terminates at 1.2050 area...
Any thoughts on what the 2023 range will be?
  • #708,989
  • Nov 23, 2022 10:40am Nov 23, 2022 10:40am
Quoting dantpm
{quote} If you enter beside a candle pair where direction changed there is a higher probability that your entry will be confused with an earlier entry/exit than if you enter randomly. At least that is how I understood it.
Thank u
  • #708,990
  • Nov 23, 2022 10:43am Nov 23, 2022 10:43am
Currently long gbpusd tp 1.22
  • #708,991
  • Nov 23, 2022 10:46am Nov 23, 2022 10:46am
Quoting Georginson
{quote} 265 pips to 500 pips will happen Navin... A very strong resistance at 1.2080 - 1.2100 area, also noteworthy that 50% of this year move terminates at 1.2050 area...
I think u will be surprised brother..I think we going higher,

Inserted Video
  • #708,992
  • Nov 23, 2022 10:46am Nov 23, 2022 10:46am
Gold long 1751
  • #708,993
  • Nov 23, 2022 10:53am Nov 23, 2022 10:53am
Quoting nAVIN2007
{quote} I think u will be surprised brother..I think we going higher, https://www.youtube.com/watch?v=WUOtCLOXgm8
Navin are you still in your longs?
  • #708,994
  • Nov 23, 2022 10:57am Nov 23, 2022 10:57am
Quoting Whale
{quote} Navin are you still in your longs?
yeah
Attached Image (click to enlarge)
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  • #708,995
  • Nov 23, 2022 10:57am Nov 23, 2022 10:57am
1.19228 very vital pivot for next bull move. Bears already taking the advantage as the resistance at 1.20800 s playing out neatly
Attached Image (click to enlarge)
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Keep the Lights on then you can catch the rise from the dark.
  • #708,996
  • Nov 23, 2022 11:07am Nov 23, 2022 11:07am
Quoting gjgriff
{quote} Any thoughts on what the 2023 range will be?
Maybe 1600 - 1800 pips... At least 1.36 will happen. I may be brutally wrong though.
Data + Stat + Risk/Emotions Management
  • #708,997
  • Nov 23, 2022 11:10am Nov 23, 2022 11:10am
FED minutes suggest that a pivot is unlikely IMHO, which means higher US rates and higher dollar value. Why would GU rise?
  • #708,998
  • Nov 23, 2022 11:12am Nov 23, 2022 11:12am
Quoting dantpm
FED minutes suggest that a pivot is unlikely IMHO, which means higher US rates and higher dollar value. Why would GU rise?
no idea… I was thinking the same
Insane in the Brain..
  • #708,999
  • Nov 23, 2022 11:13am Nov 23, 2022 11:13am
Quoting BeeTogether
{quote} no idea… I was thinking the same
The only thing that I can think of is that there was an expectation of a pivot and the market reacted to that expectation.
  • #709,000
  • Nov 23, 2022 11:16am Nov 23, 2022 11:16am
Quoting dantpm
{quote} The only thing that I can think of is that there was an expectation of a pivot and the market reacted to that expectation.
With the US on holiday for 2 days it might just range upwards (trend)
Insane in the Brain..
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