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Cable Update (GBPUSD)

  • #715,101
  • Dec 19, 2022 4:59am Dec 19, 2022 4:59am
...asian session hi and a 38.2% fib the current obstacles for the bears

1hr below
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Trader with an Edge.
  • #715,102
  • Dec 19, 2022 5:02am Dec 19, 2022 5:02am
Quoting TheWolf
{quote} True! I went through all the news in 2022 and have looked at impact they caused. No real news until Friday, namely Core PCE Price Index M/M.
Exactly said. What is annoying for me, I don't see any trend. People have very small amount of positions & lots, too. It looks like MM's are waiting for more liquidity, to eat all of those positions later on. For now I don't even wanna trade this. One buy was missed, now its nothing. This is completely useless price action.

We might get move up to sell it. Let's see.

SF
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  • #715,103
  • Dec 19, 2022 5:08am Dec 19, 2022 5:08am
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Together we can be strongest
Vantage Return This Month: na
  • #715,104
  • Dec 19, 2022 5:11am Dec 19, 2022 5:11am
the Argentine Peso is climbing against the Euro !
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in wondering about yourself, you forgot what you came here to be part of
  • #715,105
  • Dec 19, 2022 5:16am Dec 19, 2022 5:16am
Quoting SilentFather
{quote} Exactly said. What is annoying for me, I don't see any trend. People have very small amount of positions & lots, too. It looks like MM's are waiting for more liquidity, to eat all of those positions later on. For now I don't even wanna trade this. One buy was missed, now its nothing. This is completely useless price action. We might get move up to sell it. Let's see. SF {image}
Once, one man said: "it's highly advisable not to trade on the days without the news that can actually move the market." Big banks always take advantage of High-Impact News. To take advantage you need to start taking action on that day and force everyone on their back foot. There's simply no action, or small amount of it when there is no High-Impact News around. (You can call it a consolidation phase or whatever)(Especially if one is trading lower TF's, it's a disaster).

There is another thing however.. when there is huge news coming up (like Fed), then the game seems to be a little bit different, as I like to say.. the calm before the storm!

I think we'll need to wait until the Friday for some real action.
  • #715,106
  • Dec 19, 2022 5:17am Dec 19, 2022 5:17am
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yes yes yes
  • #715,107
  • Dec 19, 2022 5:22am Dec 19, 2022 5:22am
Quoting Phil_GMT
Going Long until 1.2115 : 1) Last 2 time price closed below the Daily 20 SMA, the next day was an uptrend and continued to trend for weeks : {image} 2) H1 Chart break of green line, just been ejected by Doji : {image}
According to this, you're putting all of your eggs into the Daily basket going up, resulting in a big risk if you are wrong (unless you have a very small SL). By viewing only this single TF, there is no way to determine if this Daily down move is more likely to be a mere pullback in the bigger up trend, or if it is the beginning of a trend reversal on this TF. And similarly, when the down swing ends, whether the subsequent upswing is likely to be a mere rally in the new down trend or if it is indeed, as you hope, a continuation of the current larger TF up trend.
To free Gazans of Hamas, use whatever it takes.
  • #715,108
  • Dec 19, 2022 5:27am Dec 19, 2022 5:27am
time to withdraw
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yes yes yes
  • #715,109
  • Dec 19, 2022 5:35am Dec 19, 2022 5:35am
Quoting JayBag
Good day folks, I am looking to buy some GU. I have a horizontal on 1.218707. Any hit of this level, I will be buying for a young 100pips. Take care folks and happy holidays
I am in.
Let's see
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  • #715,110
  • Dec 19, 2022 5:35am Dec 19, 2022 5:35am
Quoting Moty
{quote}{image}
i Agree 1.2270-80 will be Good to Sell for 1.2160 target, well my Final target is well below that 1.1950 but for now i am not trading Pound,
i am in GOLD sentiment is Bearish so i will sell soon..
Good Luck Moty,
just Dont try to buy for 1.2280 (Advice from a Guy who did more mistakes then he can ever count) trust me
Don't compare your Trades with Others
  • #715,111
  • Dec 19, 2022 5:37am Dec 19, 2022 5:37am
Quoting DrDave
{quote} According to this, you're putting all of your eggs into the Daily basket going up, resulting in a big risk if you are wrong (unless you have a very small SL). By viewing only this single TF, there is no way to determine if this Daily down move is more likely to be a mere pullback in the bigger up trend, or if it is the beginning of a trend reversal on this TF. And similarly, when the down swing ends, whether the subsequent upswing is likely to be a mere rally in the new down trend or if it is indeed, as you hope, a continuation of the current...
Yes thank you for your analysis of my post, I realized on those dates 4th and 10th November 2022, when price rejected the Daily 20 SMA, one was Non Farms, the other was due to CPI. But today there is no news.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #715,112
  • Dec 19, 2022 5:40am Dec 19, 2022 5:40am
Quoting Pat Chiko
{quote} GU To DROP, she need LQ. Somebody must be willing to finance the drop at premium price. How about they take out some Stop Loss from seller ?.{image}
GU

Scalping long
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #715,113
  • Dec 19, 2022 5:40am Dec 19, 2022 5:40am
Quoting TheWolf
{quote} Once, one man said: "it's highly advisable not to trade on the days without the news that can actually move the market." Big banks always take advantage of High-Impact News. To take advantage you need to start taking action on that day and force everyone on their back foot. There's simply no action, or small amount of it when there is no High-Impact News around. (You can call it a consolidation phase or whatever)(Especially if one is trading lower TF's, it's a disaster). There is another thing however.. when there is huge news coming up...
Well Said Wolf, hats off man.

The Mind is a Wonderful Servant, but a Terrible Master..(Robin Sharma)
Don't compare your Trades with Others
  • #715,114
  • Dec 19, 2022 5:40am Dec 19, 2022 5:40am
tricky one for me today. made a bit and gave it away. I still see a reasonable chance of a rise today. I really wanted to sell it from higher. we're on a reasonably good overnight supply base on dollar. maybe we have the makings of an ABCD type arrangement here on the 79% pb for a move higher. not a pattern I trade but I see lots of cases for both sides. could see dxy move up to thurs NY high. Mondays never my day really, leave it and come back tomorrow I reckon. My dream arrangement would be another punt up above todays high then drop but not filled with confidence today. there's some signs of accumulation so i'll give it a punt with tiny lots but i'll back off if it looks like its in trouble.. But I think Tues us my day to strike

So i'll give my best guess as a further rise up to 1.2258 then sell of to 1.21

funnily enough it was a setup i used to trade years and years ago, TL bounce combined with SnD which gave the morning long, like a classic bull flag breakout, stopped using it a long time ago. There were quite a few signs to get out of the short but not enough for me to take the long
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  • #715,115
  • Dec 19, 2022 5:47am Dec 19, 2022 5:47am
Gold short makes much more sense to me now, im still waiting for a better signal in GU
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  • #715,116
  • Dec 19, 2022 5:48am Dec 19, 2022 5:48am
Quoting DubaiFX
{quote} i Agree 1.2270-80 will be Good to Sell for 1.2160 target, well my Final target is well below that 1.1950 but for now i am not trading Pound, i am in GOLD sentiment is Bearish so i will sell soon.. Good Luck Moty, just Dont try to buy for 1.2280 (Advice from a Guy who did more mistakes then he can ever count) trust me
Its time,
Sold GOLD 1796.30 Target 1: 1792 then if it continues 1782.. i maybe Wrong for now i am SElling GOLD POUND is already down,
but look at EURUSD Guys it has a lot of Room to Go Down specially 1.0550 or even 1.0510,
i am Looking at EURUSD for now, when i SEll i will SHare it with you Guys..

Never Regret you Painful Past, Cause It's what Made you Stronger...
Don't compare your Trades with Others
  • #715,117
  • Dec 19, 2022 5:49am Dec 19, 2022 5:49am
...price testing that previously disrespected prev 1hr sw hi zone @ the current p/back lo. Overall is bullish intraday after the move up from the current dly lo @ the open that tested the prev 1hr/4hr sw lo zone that extends to last week's lo the bottom of this coexistent with that prev 1hr/4hr/dly sw lo zone that extends down 2105/06.

1hr below
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Trader with an Edge.
  • #715,118
  • Dec 19, 2022 5:49am Dec 19, 2022 5:49am
Quoting TheWolf
{quote} Once, one man said: "it's highly advisable not to trade on the days without the news that can actually move the market." Big banks always take advantage of High-Impact News. To take advantage you need to start taking action on that day and force everyone on their back foot. There's simply no action, or small amount of it when there is no High-Impact News around. (You can call it a consolidation phase or whatever)(Especially if one is trading lower TF's, it's a disaster). There is another thing however.. when there is huge news coming up...
Today will probably be more about milking liquidity from retail traders than anything else!
  • #715,119
  • Dec 19, 2022 5:53am Dec 19, 2022 5:53am
Quoting dantpm
{quote} Today will probably be more about milking liquidity from retail traders than anything else!
So every day then
  • #715,120
  • Dec 19, 2022 6:00am Dec 19, 2022 6:00am
we'll see if the wedge works...
(falling wedge = long)
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Trendlines H1,H4, SMC
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