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Cable Update (GBPUSD)

  • #720,541
  • Edited 1:52am Jan 13, 2023 12:58am | Edited 1:52am
Quoting tradexyz
scalpine i'll see if i can do some fn tune nin jah din din time back @ 11 23:00 pac time frankfurt re fris CHeF{image}
uplatedinner data stair fry ladder it count the trees destill this jah TIER % riot ok REP cbc 1 reclaim eastgate israhell
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  • #720,542
  • Jan 13, 2023 1:00am Jan 13, 2023 1:00am
Quoting dantpm
{quote} Is this chart time frame dependent?
Well not really. It's just like if you have 1h timeframe and 1m. You will see "closeup" of the sentiment on lower tf. However myfxchart is very nice at 1h and more because price will mostly respect 50% when you check last swing. So if sentiment is highly sell, we will buy at 50%. That's the easy explanation. Then you will enter on smaller TF.

Now it seems like sentiment is not usable for trading. However. We have almost 50/50. Sentiment almost changed from sell to buy so price might fall. But if you look at that chart, you would only sell on high IF there will be lots of buyers. Maybe like this would be sell.
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Higher the better. If we get more sellers than buyers, then we would expect price to break above last high and continue. (If sentiment holds) this would look like this...
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Hope you understand me. Price mostly starts moving rapidly when sentiment is 50/50 and more sellers will starts selling. (Or buyers of course ) Otherwise it can change for buyers so we would sell instead of buying & trend continuation.

  • #720,543
  • Jan 13, 2023 1:01am Jan 13, 2023 1:01am
Quoting BeeTogether
Data from UK very soon could send the pair back down.
Right Sir.

Just like US inflation report , the UK GDP now is a market movers.
Cashing out some of my position ( Partial), to ease the pressure....
Cashing out due to UK GDP Estimate MoM Actual 0.1% (Forecast -0.2%, Previous 0.5%)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #720,544
  • Jan 13, 2023 1:03am Jan 13, 2023 1:03am
Quoting Georginson
{quote} Yes 1.2280 is also a possible scenario from daily range perspective... Friday is usually aggressive. Yesterday's range was 157 pips, last week Friday was 257 pips... This means the average expected range for today is around 130 - 150 pips... minimum can be trimmed down to 100 pips Simulations 1.2175 + 100 pips = 1.2275 1.2175 + 130 pips = 1.2305 1.2175 + 150 pips = 1.2325 All is assuming 1.2175 holds....
Man, you should be doing budgeting / forecasting for some big conglomerate group.
"Exchange of hands"
  • #720,545
  • Jan 13, 2023 1:03am Jan 13, 2023 1:03am
Data seems weak from UK
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Insane in the Brain..
  • #720,546
  • Jan 13, 2023 1:09am Jan 13, 2023 1:09am
CHFJPY will get to the bottom just find a way to get on the sell...
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My telegram: https://t.me/avidforex
  • #720,547
  • Jan 13, 2023 1:09am Jan 13, 2023 1:09am
Quoting Georginson
{quote} Yes 1.2280 is also a possible scenario from daily range perspective... Friday is usually aggressive. Yesterday's range was 157 pips, last week Friday was 257 pips... This means the average expected range for today is around 130 - 150 pips... minimum can be trimmed down to 100 pips Simulations 1.2175 + 100 pips = 1.2275 1.2175 + 130 pips = 1.2305 1.2175 + 150 pips = 1.2325 All is assuming 1.2175 holds....
give time for sellers to give up or to buyers to load up for the engine to ignite
  • #720,548
  • Jan 13, 2023 1:12am Jan 13, 2023 1:12am
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MA provides the market's current direction and strength.
  • #720,549
  • Jan 13, 2023 1:19am Jan 13, 2023 1:19am
Plan today. I think the only safe option is to wait for a push above Yesterdays high to around 1.2250 , wait for a shift in structure to bears and sell pullbacks. If it doesn't happen, no trade. Target below 1.21. I can't rule out 1.23 but I don't think we'll get that high, but its' merely a hunch based on the daily demand/support on dollar.
  • #720,550
  • Jan 13, 2023 1:26am Jan 13, 2023 1:26am
Quoting BeeTogether
Data seems weak from UK {image}

That was, UK GDP report to show how economy fared in November.
Not so bad numbers but they will get ugly, in coming months.....

Blame it to Brexit/Covid combo..
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #720,551
  • Jan 13, 2023 1:40am Jan 13, 2023 1:40am
Quoting Pat Chiko
{quote} That was, UK GDP report to show how economy fared in November. Not so bad numbers but they will get ugly, in coming months..... Blame it to Brexit/Covid combo..
and an incompetent government.
Insane in the Brain..
  • #720,552
  • Jan 13, 2023 1:44am Jan 13, 2023 1:44am
Just for brainstorming asking below questions, as many here are exposed to the ICT concepts, as to why this FVG not that one or why this OB why not that one.

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FVG
H1 - 1st FVG failed but 2nd one worked

Order Block
H4 Bearish Order block is there on small right side H4 chart
H1 Bearish and Bullish order blocks on both the sides.

any one like to respond, and everyone is welcome.

Thank you
regards
bilal
"Exchange of hands"
  • #720,553
  • Jan 13, 2023 1:50am Jan 13, 2023 1:50am
Quoting mysterio
Plan today. I think the only safe option is to wait for a push above Yesterdays high to around 1.2250 , wait for a shift in structure to bears and sell pullbacks. If it doesn't happen, no trade. Target below 1.21. I can't rule out 1.23 but I don't think we'll get that high, but its' merely a hunch based on the daily demand/support on dollar.
good plan, although I think price is not ready to smash down, we need below 1.205 to climb up again to 1.23 zone.. than the boom will come. And it will be bad for pound.
  • #720,554
  • Edited 8:18am Jan 13, 2023 1:51am | Edited 8:18am
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1. Monthly and weekly liquidity for direction
2. Structure on the daily time Frame only
3. The key components of the structure on the daily/ high probability reversal zone
4. The entry lines using the element candle
5. Proper closure of zone on higher time frame and opening of a fresh candle below or above entry line before executions.
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  • #720,555
  • Jan 13, 2023 1:52am Jan 13, 2023 1:52am
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yes yes yes
  • #720,556
  • Jan 13, 2023 1:52am Jan 13, 2023 1:52am
I have a Sell on UJ again. Just looking for +30 if I can

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I am neither brave nor stupid...I am just a part time trader
  • #720,557
  • Jan 13, 2023 1:56am Jan 13, 2023 1:56am
Quoting Indiara
I have a Sell on UJ again. Just looking for +30 if I can {image}
The hell is wromg with UJ
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #720,558
  • Jan 13, 2023 1:57am Jan 13, 2023 1:57am
Quoting Pat Chiko
{quote} GU Taking partial TP as we progress towrds LO. By taking profit in smaller pieces, it will relieve of the pressure waiting for target to get hit. More Partial TP ( IN/OUT scalping trades) will follow.{image}
TF D1

UP
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  • #720,559
  • Jan 13, 2023 2:00am Jan 13, 2023 2:00am
Quoting Indiara
I have a Sell on UJ again. Just looking for +30 if I can {image}
It just touched my TP, but didn't close the trade. I manually exited at +21 as London is almost here, and I don't want that sillyness that happens at this time to kill my trade.

So, +21 for this trade and +61 in total for the day!

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I am neither brave nor stupid...I am just a part time trader
  • #720,560
  • Jan 13, 2023 2:01am Jan 13, 2023 2:01am
Quoting GODofMC
{quote} The hell is wromg with UJ
I think UJ loves me today!!
I am neither brave nor stupid...I am just a part time trader
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