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Cable Update (GBPUSD)

  • #721,781
  • Jan 18, 2023 3:23pm Jan 18, 2023 3:23pm
Rejection
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yes yes yes
  • #721,782
  • Jan 18, 2023 3:33pm Jan 18, 2023 3:33pm
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  • #721,783
  • Jan 18, 2023 3:35pm Jan 18, 2023 3:35pm
Quoting dantpm
{quote} Saw a couple of orange folders no red folders tomorrow.
some Aussie ones too
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Insane in the Brain..
  • #721,784
  • Jan 18, 2023 3:45pm Jan 18, 2023 3:45pm
Quoting Moty
Rejection {image}
yup a 100 pip drop since! Shame we can’t see a drop below 123 but hey tomorrow is another day
Insane in the Brain..
  • #721,785
  • Jan 18, 2023 3:48pm Jan 18, 2023 3:48pm

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Air force
  • #721,786
  • Jan 18, 2023 4:06pm Jan 18, 2023 4:06pm
Quoting Teek
Fully BOOKED and OUT. correlations: EU - booked AU - booked NU - booked GU - held 1,195 rest position (riskfree) - held 1.21 rest position (riskfree) - Tue + Wed scalings: took partials around 12:00 @ 1.2375, covered all longs and set Stops riskfree - manualy closed all longs @1.243 one minute before NY Open (called 1.245 all week, had targets sitting @1.244) - Negative: found time in between yelling at brickwall, stop doing this, concentrate! 17% total Green Max. drawdown -2.3% (Monday) and now I go get some sleep... aaahhh I love Japan, it's beautiful,...
The Tuesday Frankfurt missed trade - was that an ICT type trade ( FVGap) - or something else?

(Trying to get to grips with his ICT stuff but tough -for me anyway)
every Saint has a past. Every Sinner has a Future
  • #721,787
  • Jan 18, 2023 4:19pm Jan 18, 2023 4:19pm
Quoting OnlineAddict
Looks like today's inflation numbers will be green, GU surely looks like a short setup above 2380.
Data was red and yet, GU dropped...which is bad news for bulls...they might need a break. Still short from 2380+.
Everyone can see the chart, but only a few can actually read it.
  • #721,788
  • Jan 18, 2023 4:23pm Jan 18, 2023 4:23pm
Quoting W0lfram
{image}
W0lfram. Nice seeing you back

May gap is filled. Direction should be North if nothing left lower.
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  • #721,789
  • Jan 18, 2023 4:27pm Jan 18, 2023 4:27pm
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yes yes yes
  • #721,790
  • Jan 18, 2023 4:35pm Jan 18, 2023 4:35pm
My old weekly V chart for DXY, is telling me different story, I rather see stairs the other way round for this moment in time. I can't believe dollar index is sitting on the second step. What an upredicted monster that controls many markets.
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  • #721,791
  • Jan 18, 2023 7:59pm Jan 18, 2023 7:59pm
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  • #721,792
  • Jan 18, 2023 8:04pm Jan 18, 2023 8:04pm
Quoting HyungnimFx
On the 15min chart, there is an engulfing bearish. This is the chance for bears to attack but trading based on 15min chart is rarely very reliable. Let's sell what sellers can do-they can potential create a descending triangle which can push the price below 1.200 (not over a day, but perhaps over 2-3 weeks). Just sharing my thoughts. Trade safe, be profitable. HyungminFx.
Good morning everyone.

I am happy that my previous belief is correct. I am now looking for a final confirmation-a close below 1.2280 on the hourly. If that happens, we will be targeting 1.19 area in roughly 3 weeks time in my opinion.

Just sharing my thoughts. Trade safe, be profitable.
HyungnimFx.
  • #721,793
  • Edited 8:31pm Jan 18, 2023 8:11pm | Edited 8:31pm
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  • #721,794
  • Edited 9:13pm Jan 18, 2023 8:37pm | Edited 9:13pm
buy @ 38.2 close below take us to 23.6
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"Meta Quotes isee got he message SETTLE RESOLVE" lenin grad study savings & loans
  • #721,795
  • Jan 18, 2023 9:20pm Jan 18, 2023 9:20pm
Quoting Pat Chiko
{quote} UJ 2nd Partial TP{image}
Hi，Pat， could you please do a analysis on gold? It hard to understand recently
  • #721,796
  • Jan 18, 2023 9:26pm Jan 18, 2023 9:26pm
OUT of my long positions for now.....I got taken out on strength went up quicker than i thought ....may be forming a short term double top so may give another entry for a long position.
  • #721,797
  • Jan 18, 2023 9:51pm Jan 18, 2023 9:51pm
Quoting ninner
OUT of my long positions for now.....I got taken out on strength went up quicker than i thought ....may be forming a short term double top so may give another entry for a long position.
" LOL"
  • #721,798
  • Jan 18, 2023 9:56pm Jan 18, 2023 9:56pm
Quoting Waveskierrob
{quote} " LOL"
All TA screams reversal to bearish, time to buy! lol
The market hides a perfect geometry.
  • #721,799
  • Jan 18, 2023 9:59pm Jan 18, 2023 9:59pm
A quick update on my Cable trade.

I was pretty tired on Tuesday evening after long hours travelling. Wednesday, yesterday was a volatile day, beginning with BOJ inaction, defying market expectation. Yen went on a dump and pump ride. Then, we had this massive US dollar selling, pushing Sterling and risk sensitive currencies up,

Let's see how's my Cable cooking... I think I've accumulated 26 sell positions, so far. Total lots size came up to 0.03 x 26 = 0.78. Now, there's a chance that Cable might not be going back to below 1.20 within reasonably short amount of time. We'll see where it takes us to, and I'll react accordingly.

I'll not elaborate too much on trends into FOMC and BOE MPC meetings. However, I expect some form of repositioning of trades by market investors leading into these events.
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  • #721,800
  • Jan 18, 2023 10:07pm Jan 18, 2023 10:07pm
Cable 1H chart
If cable is still bullish I think I will go up from @ 61.8 ( 1.23186 )
If cable is going to be bearish I want to see it goes up and test fib levels @ 50.0 ( 1.23772 ) and 61.8 ( 1.23910 ) and then go down
let's see
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!! Radha Radha !!
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