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Cable Update (GBPUSD)

add buy - 1.2295
Together we can be strongest
Try another buy here at 2296. SL 2266. If stop hits again then today wasn't my day.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Still holding my sells ... & Trusting my setup ...
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
It is better to wait for the fall to play out completely, probably after London close to look for buy, today is probably one way
Quoting pipfarm
Usually there are 5 swing down in the last wave of an expanding triangle, we are in 3 so the last could be a short one just before news {image}
Potentially we could be looking at 2133 as the target to test the old 4H resistance, that would make more sense for 5 waves down in the third leg but i would be happy with 2250 as its a big profit
Follow The Markets Structure - Patience and Discipline
Quoting Ipradzz
GBP... Support @ 1.2285 1.2250 1.2230 on M30
Now we may go to 1.2250.. and beyond ?
US data is solid. That's another reason for some more dump. I wish this can 2350 for me to join the dump, but I guess that may be for tomorrow.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Today all news bias to USD
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
Quoting FulMargnAlch
{quote} we don't know how
you see right after i told you about gold 5:30am PST US time thing
gold went down 140 pips already
probably will go down 200 pips too if you are lucky
place a 15-20 pip stop loss and you are good
and if you move your stop loss you are almost risking nothing

using this you can make 100% -200% a trade with proper risk

you can turn 1k to 100k in a month with this setup
I'm not even joking
Quoting Yngwie
Today all news bias to USD
Yes, the bias is for the US suggesting a stronger economy, and probably higher prices. Not what the FED wants to hear but in true form the USDX rallies.
Usdjpy short at 131. Tp 129.800
Quoting Mitiblotch
Try another buy here at 2296. SL 2266. If stop hits again then today wasn't my day.
And that sends me to the cold shower with minus 30. Bad day at the office.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Whale
My Hummus waves point on 1.2263 100p from here. short term. long term below parity.
What a goal!
Goal without a plan is just a wish.
Quoting Mitiblotch
{quote} And that sends me to the cold shower with minus 30. Bad day at the office.
Either buy to fast or SL to tight
Look like first one
I have also but very tigh and small lot which is covered by another lot
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Btw im done too. Drop seems rejectted near support. And GU range almost hit 150 pips even it could goes on 200pips. But to much risk now
10000% Wannabe . -$3000 & -$4000
GoldTalk All Time Profit: -$2,490
Quoting pipfarm
{quote} Potentially we could be looking at 2133 as the target to test the old 4H resistance, that would make more sense for 5 waves down in the third leg but i would be happy with 2250 as its a big profit
Spot on . As always..
Quoting TwFXtrader
{quote} a secret around 5:30 PST US time gold do some crazy moves go to the chart and find the time around 5:30 PST and see you will be shocked when is at $1600 around 5:30 PST US time in the morning to now $1900 gold would pump 100pip- 400pip depends on the day not always gold have been doing this for years right now you might want to wait for gold to dump, but it can also go down 100-400pip around that time, you just gotta have a good entry with small stop i am not joking with this is enough to make you bank
15:30 PST is 30 minutes after NYO, isn't it?
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A clear case of price not knowing where it wants to go!
Quoting dantpm
A clear case of price not knowing where it wants to go!
Must be wishful thinking but I see it slowly turning around for an uptrend. It just had great momentum downwards, so it either takes a long time to turn around or wild swings in the short tfs.
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Quoting FulMargnAlch
{quote} 15:30 PST is 30 minutes after NYO, isn't it? {image}
Important thing I only trade on 1 min chart
1 min chart give you the best entry and setup
I have been trading on 1 min chart for 7 years now
I do check higher time frame for overall trend

yes on your chart 15:30
well stock market fully open on 16:30

you see that move now is pumping backup
you short around 15:30-15:35 am depends on the move
take 150pip -200pip profit
now you see is pumping back up ?


because we are still in the up trend, base on that you can stake a small 10-20pip gamble and buy, then take 100-150pip profit
and that's how i make 1000% gain in a single day
is hard but only possible with GOLD (or any currency that does big moves like this )


remember go back and make a line on 15:30 on GOLD
see what happen around that time

the thing is that if you enter your trade way before 15:30 you have a lower chance of losing
but riskier and emotional draining

One important thing i take profit with my stoploss i rarely ever close a trade manual
because sometimes the price can jump another 50pip - 100pip if you're lucky
always give your trade space to make more profit
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