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Cable Update (GBPUSD)

  • #714,341
  • Dec 14, 2022 9:47am Dec 14, 2022 9:47am
Out of my Longs, I'll probably regret it, maybe it is trending b4 FOMC.
Maybe FOMC won't stop hunt down?

Anyway I added 1% to my Account $200, good as I was not going to trade after a good day yesterday.

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All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #714,342
  • Dec 14, 2022 9:47am Dec 14, 2022 9:47am
Quoting Moty
yesterday i stupidity switched to short today i am staying with long {image}
where did your stop losses go?
what about the 10 pip RR strategy?
in wondering about yourself, you forgot what you came here to be part of
  • #714,343
  • Dec 14, 2022 9:52am Dec 14, 2022 9:52am
Quoting Georginson
{quote} Alright, I will oblige you... Here is a quick poll before fomc... This News is not expected to provide more Volatility than Yesterday's CPI except if the Fed goes with 0.75 rate hike as against 0.50 that is forecasted. I'm expecting between 120 - 200 pips movement during and after fomc Tonight... Which of these prices will happen 1.2500 or 1.2200 today? Poll ends 19:00 UK time...
You are very kind, Sir. Appreciate it.

My vote goes towards 1.2200.

Best of luck to everyone.

Cheers!

C
  • #714,344
  • Dec 14, 2022 9:56am Dec 14, 2022 9:56am
Quoting Whale
{quote} if market will go down? it will be a stupidity to stay long?
the stupide part is to go short in a bull market , IN midterm view
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yes yes yes
  • #714,345
  • Dec 14, 2022 9:56am Dec 14, 2022 9:56am
62% of clients are net short. IG stops hunted add leverage hedged nothing happens till 14;00 hrs

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  • #714,346
  • Dec 14, 2022 9:59am Dec 14, 2022 9:59am
Quoting Cfin
{quote} You are very kind, Sir. Appreciate it. My vote goes towards 1.2200. Best of luck to everyone. Cheers! C
same feeling ... I have just created a short at 1,2416
  • #714,347
  • Dec 14, 2022 10:01am Dec 14, 2022 10:01am
Price broke out now long
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My telegram: https://t.me/avidforex
  • #714,348
  • Dec 14, 2022 10:02am Dec 14, 2022 10:02am
Both FED rate and France vs Morocco same time.

My view:50 bps hike, the price might fall, since PA not break yesterday's high yet
And Morocco win? Not sure since Maroc has a very good line of defense but its attack is kinda


Since I'm from African continent, i'm supporting Morocco (but deep inside want to see Arg vs France for final, gonna hell of a match, Messi vs Mbappe)
More time in the market, does not mean you trade better!
  • #714,349
  • Dec 14, 2022 10:05am Dec 14, 2022 10:05am
Quoting Georginson
{quote} Alright, I will oblige you... Here is a quick poll before fomc... This News is not expected to provide more Volatility than Yesterday's CPI except if the Fed goes with 0.75 rate hike as against 0.50 that is forecasted. I'm expecting between 120 - 200 pips movement during and after fomc Tonight... Which of these prices will happen 1.2500 or 1.2200 today? Poll ends 19:00 UK time...
my guess is 12500 first before 122-123
Insane in the Brain..
  • #714,350
  • Edited 10:31am Dec 14, 2022 10:07am | Edited 10:31am
Quoting Fardeen1209
Both FED rate and France vs Morocco same time. My view: 50bps hike, the price might fall, since PA not break yesterday's high yet (In short, Actual rate change = Consensus: price will always fall [buy the rumour sell the fact]). And Morocco win? Not sure since Maroc has a very good line of defense but its attack is kinda Since I'm from African continent, i'm supporting Morocco (but deep inside want to see Arg vs France for final, gonna hell of a match, Messi vs Mbappe)
lol
cam lvls
https://www.livecharts.co.uk/Members...rex_pivots.php
  • #714,351
  • Dec 14, 2022 10:10am Dec 14, 2022 10:10am
nice strategy
go long every blue signal
take profit every red signal
like a fucking robot
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you can take only 2 trade at higher tf
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yes yes yes
  • #714,352
  • Dec 14, 2022 10:15am Dec 14, 2022 10:15am
Quoting Fardeen1209
Both FED rate and France vs Morocco same time. My view:50 bps hike, the price might fall, since PA not break yesterday's high yet And Morocco win? Not sure since Maroc has a very good line of defense but its attack is kinda Since I'm from African continent, i'm supporting Morocco (but deep inside want to see Arg vs France for final, gonna hell of a match, Messi vs Mbappe)
Yes, price may fall today
Intraday only.
  • #714,353
  • Dec 14, 2022 10:18am Dec 14, 2022 10:18am
It looks like phase D of a re-accumulation structure.
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FOMC should trigger the breakout however it may come back to test the VAH of the whole structure first at 1.23 (blue line)
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  • #714,354
  • Dec 14, 2022 10:19am Dec 14, 2022 10:19am
Well Highly Likely going to be a Bullish Move for GBPUSD

I am inclined to flip in next hour or so

Moving towards next 1.25259 bar

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Shekh In Desert
  • #714,355
  • Dec 14, 2022 10:27am Dec 14, 2022 10:27am
Currently 6 consecutive days of buying but the candle sizes are getting smaller...

Yesterday CPI came out bad for USD yet price only did 180 pips bullish move and gave back 80 pips from that high of 1.2443, compared to the previous CPI news that came out negative for USD in November 10 which produced extra ordinary 380 pips move in a single day...

Weekly also showing exhaustion signs as last week's range being 243 pips is the lowest weekly range since August...

These are all bullish exhaustion signs... I'm expecting 400 pips correction before another serious bullish moves will start happening again...
Data + Stat + Risk/Emotions Management
  • #714,356
  • Dec 14, 2022 10:34am Dec 14, 2022 10:34am
XAUUSDLONG
stop below the H1 candle.
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  • #714,357
  • Dec 14, 2022 10:34am Dec 14, 2022 10:34am
New to the game, I see gbp/usd has been on a continuous rise but I'm unclear whether the fomc meeting will cause price to fall. Just trying to remove some risk , got a small amount to trade with.
  • #714,358
  • Dec 14, 2022 10:39am Dec 14, 2022 10:39am
Quoting Georginson
Currently 6 consecutive days of buying but the candle sizes are getting smaller... Yesterday CPI came out bad for USD yet price only did 180 pips bullish move and gave back 80 pips from that high of 1.2443, compared to the previous CPI news that came out negative for USD in November 10 which produced extra ordinary 380 pips move in a single day... Weekly also showing exhaustion signs as last week's range being 243 pips is the lowest weekly range since August... These are all bullish exhaustion signs... I'm expecting 400 pips correction before another...
Yes, You are right. Most of the banks opinion is "USD weakness is more than its fundamental status". Now it seems time for correction downwards.
  • #714,359
  • Dec 14, 2022 10:40am Dec 14, 2022 10:40am
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"Exchange of hands"
  • #714,360
  • Dec 14, 2022 10:48am Dec 14, 2022 10:48am
Quoting dantpm
{quote} There is a time for everything! Right now the MM's are working hard to separate you from your money!
today i got the upper hand
i started the day with 126 $
almost 50 % gain is very nice
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yes yes yes
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