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Cable Update (GBPUSD)

  • #717,541
  • Jan 3, 2023 12:19pm Jan 3, 2023 12:19pm
watch out for that support level at 1.1833 . donot get too over bearish. But itsnot a place to buy just yet

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  • #717,542
  • Jan 3, 2023 12:20pm Jan 3, 2023 12:20pm
Quoting Moty
yes yes yes !!! i am profitable for the current year i told you it will be my year this is also my daily profit for today {image}
if only your bot had feelings and could hear what you are saying . lol
  • #717,543
  • Jan 3, 2023 12:31pm Jan 3, 2023 12:31pm
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  • #717,544
  • Jan 3, 2023 1:05pm Jan 3, 2023 1:05pm
Greetings, folks,

After taking a solid loss earlier today, I decided to stare at the chart and continue developing the same system instead of jumping to a new one. Well, I am in again at 1.19792, hoping for 1.212066. If my calculations are correct, 1.19792 should continue to act as support for the projected target.

Let's see how it goes
Cheers
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  • #717,545
  • Jan 3, 2023 1:09pm Jan 3, 2023 1:09pm
GU SHORT 11980 no sl no tp...
  • #717,546
  • Jan 3, 2023 1:14pm Jan 3, 2023 1:14pm
Quoting JayBag
Greetings, folks, After taking a solid loss earlier today, I decided to stare at the chart and continue developing the same system instead of jumping to a new one. Well, I am in again at 1.19792, hoping for 1.212066. If my calculations are correct, 1.19792 should continue to act as support for the projected target. Let's see how it goes Cheers {image} {image}
Your Longs came too early.. price will sweep the lows at Asian session tomorrow
  • #717,547
  • Jan 3, 2023 1:22pm Jan 3, 2023 1:22pm
Quoting Karkinase
{quote} Your Longs came too early.. price will sweep the lows at Asian session tomorrow
Deep down, I have that feeling. However, I am taking a calculated risk, as always. Anyhow, let's see how it plays out

cheers
  • #717,548
  • Jan 3, 2023 1:23pm Jan 3, 2023 1:23pm
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crude .. yes but that’s just me could be around the break move . 60%lower 40% long ?? Choice is there
  • #717,549
  • Jan 3, 2023 1:25pm Jan 3, 2023 1:25pm
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15 min , has it broke to go long mmmm
  • #717,550
  • Jan 3, 2023 1:50pm Jan 3, 2023 1:50pm
GBP/USD Daily

R - ~1.2108 - ~ 1.2133
S - ~1.1952 - ~1.1902
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  • #717,551
  • Jan 3, 2023 2:08pm Jan 3, 2023 2:08pm
Happy New Year Guys,

here are Some Facts about Pound,
and USD also.

Over the holiday, the IMF’s managing director said “that a third of the global economy and half of the EU would be hit by recession this year,” according to the FT. And the UK will be the worst among the many, due in part of incompetent management. “The UK will face one of the worst recessions and weakest recoveries in the G7 in the coming year, as households pay a heavy price for the government’s policy failings, Unknown economists say..
Don't compare your Trades with Others
  • #717,552
  • Jan 3, 2023 2:17pm Jan 3, 2023 2:17pm
Quoting BrainBucks
Much of the market chatter says weaker USD to fuel a GU pop up Much of what I'm seeing is firm resistance at around 1. 2080 Much of my trades have a stranglehold on SHORTS from aforementioned levels Much of my instinct says keep holding but my momma says TP and hit the sidelines What to do...what to do
Bang on!
What a dive
  • #717,553
  • Jan 3, 2023 2:33pm Jan 3, 2023 2:33pm
Let's Analyze FACTS About UK....

“’The 2023 recession will feel much worse than the economic impact of the pandemic,’ said John Philpott, an independent labour market economist. Others described the outlook for consumers – especially those on low incomes or mortgage deals that were set to expire –as “tough”, “bleak”, “grim”, “miserable” and “terrible”. ‘The combination of falling real wages, tight financial conditions and a housing market correction are as bad as it gets,’ said Kallum Pickering, senior economist at Berenberg bank.”
Bottom line, we have a battle between recession and inflation-fighting central banks. The betting now is that it’s the US Fed that will blink, while the BoE and ECB will remain resolute. You have to ask yourself whether this is in keeping with history, and even whether history matters in a case like the UK, where the BoE struggles to win back confidence in public institutions after the lettuce experiment and in the face of more misery.
.

If You Spend too Much Time Thinking About a Thing, You Will Never Get It Done. Bruce Lee
Don't compare your Trades with Others
  • #717,554
  • Jan 3, 2023 2:40pm Jan 3, 2023 2:40pm
Say Hello to Asian Markets...

In Asia, China has fallen down the rabbit hole but we must beware making premature judgments because China can always surprise to the upside–and maybe the bottom is in, if January has the worst of the Covid outbreak and the economy comes roaring back after the lunar holiday (Jan 22 to Feb 6). And of course everyone now expects 2023 to be the year of the yen, going to 125 or maybe 110.
Where does this leave the dollar?
Probably falling some more, but stay tuned.
$$$ Might Surprise You..

It was Not a Waste of Time, if you learned Something...
Don't compare your Trades with Others
  • #717,555
  • Jan 3, 2023 2:46pm Jan 3, 2023 2:46pm
GBP/USD Monthly..

In my opinion, price has to test ~1.1775 first and foremost before anything else..
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  • #717,556
  • Jan 3, 2023 2:47pm Jan 3, 2023 2:47pm
Quoting palpite
sell - 1.2057 stop loss - 1.2080
Quoting palpite
add sell - 1.2020
trades closed - 1.1974
Together we can be strongest
Vantage Return This Month: na
  • #717,557
  • Jan 3, 2023 2:52pm Jan 3, 2023 2:52pm
Quoting DubaiFX
Say Hello to Asian Markets... In Asia, China has fallen down the rabbit hole but we must beware making premature judgments because China can always surprise to the upside–and maybe the bottom is in, if January has the worst of the Covid outbreak and the economy comes roaring back after the lunar holiday (Jan 22 to Feb 6). And of course everyone now expects 2023 to be the year of the yen, going to 125 or maybe 110. Where does this leave the dollar? Probably falling some more, but stay tuned. $$$ Might Surprise You.. It was Not a Waste of Time, if...
USD/JPY should reach 125 no doubt about it, maybe it's 127 or 126, but it'll get there. When BOJ raises rates now, the USD will definitely fall to the mentioned level. From there on, however, I would expect the USD to start heading up again. Buy the rumours sell the news is definitely going to be the case for JPY in my opinion. We'll see. I am only focusing on GBP/USD now, leaving USD/JPY aside for now. If price get's into this teritory (125-127) then I'll start looking at this pair seriously. Until then..

GBP/USD should provide plenty of trades, so I don't worry about other pairs at the moment. Things are very interesting on GBP/USD at the moment.
  • #717,558
  • Jan 3, 2023 2:56pm Jan 3, 2023 2:56pm
Wow, beautiful long waited move, finally!

Simple trading example in action today -
Flag
Break and re-test
EMA crosses (lower tf under higher tf), break outside consolidation box, etc...

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  • #717,559
  • Jan 3, 2023 2:58pm Jan 3, 2023 2:58pm
Quoting TheWolf
{quote} USD/JPY should reach 125 no doubt about it, maybe it's 127 or 126, but it'll get there. When BOJ raises rates now, the USD will definitely fall to the mentioned level. From there on, however, I would expect the USD to start heading up again. Buy the rumours sell the news is definitely going to be the case for JPY in my opinion. We'll see. I am only focusing on GBP/USD now, leaving USD/JPY aside for now. If price get's into this teritory (125-127) then I'll start looking at this pair seriously. Until then.. GBP/USD should provide plenty of...
we never have enough information for a good fundamental analysis.
but you can try.
  • #717,560
  • Jan 3, 2023 3:03pm Jan 3, 2023 3:03pm
DXY at Support! BE ON THE LOOKOUT FOR POTENTIAL RETEST OF THE S NOW AND THEN CONFIRMATION CANDLE!

This is getting interesting, while the S didn't hold at first, we have an overreaction from Bulls. Bulls denied S to become R and there was no retesting taking place rather denying the move altogether calling it a bullshit. Now, we wait for S to be confirmed as S and we're waiting for a nice bullish confirmation candle. Now, just patience..
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