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Cable Update (GBPUSD)

Quoting Whale
{quote} {image}
I'll wait for to sell the MA200-H1. Around 1.2220.

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Together we can be strongest
Guys, anyone here using Dukascopy? Looking for some reviews. I used them back in 2009-2010, but thats long time ago. Want to know if they are safe enough for a $100k+ deposit. Thanks in advance.
Everyone can see the chart, but only a few can actually read it.
From$1toMillion EA All Time Return: 30.3%
Quoting fxsport
{quote} Great fundamental understanding Snail. Just remember to keep an eye out on OIL. OIL is the key - WHY? Higher oil = higher inflation = more FED rate hikes. China re-opening = more manufacturing = more oil consumption = higher prices. From MY PERSONAL POV - Inflation is NOT under control and will continue to creep.
This inflationary period is the result of the "Green New Deal" and "Build Back Better" policies. They basically shut down new oil production and overnight made the US energy dependent (oil) again. Among only the mildest of things these policies are creating.
Mark ... Either you understand or you don't, and that is that.
Quoting Han2019
Has the bulls finally ran out of steam? It's been a very boring few hours with the range actions, let's see if we will get some actions before fed william speaks.
No, bulls have not run out of steam. After a "big" TF moves in one direction, smaller TFs make retracements. So don't confuse the retracements with being a reversal of the big TF.
The markets are speaking to you. Do you know their language? I M T
Quoting palpite
{quote} I'll wait for to sell the MA200-H1. Around 1.2220. {image}
why not


im waiting for something, not a particular price
Inglorious scalper
Quoting palpite
{quote} I'll wait for to sell the MA200-H1. Around 1.2220. {image}
BTW there is a theory among the waves counters..
if we are looking for 3 wave pattern, lets say ABC move, and after C made the high above AB high and close again in the range of AB
price will drop below AB low
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Inglorious scalper
Gbpcad is gathering strength to go up
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Quoting DrDave
{quote} = 7 hmmm...
I would choose 48/12. 48--->12--->3 12--->3[/quote]

= 6. Yes, better
OPPT 1776 UCC 1-308
Will not take a short , very short term i think it will go down to retest after the H1 structure break, looks too easy to expect a down continuation from this point.

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Follow The Markets Structure - Patience and Discipline
a bit more drawdown on the entry than i expected but i9ts working out nicely now.
nice drop

m5 chart
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in wondering about yourself, you forgot what you came here to be part of
Quoting Whale
{quote} BTW there is a theory among the waves counters.. if we are looking for 3 wave pattern, lets say ABC move, and after C made the high above A's high and close again in the range of AB price will drop below A {image}
The problem i see with that 3 wave pattern is that it should have another 3 wave pattern at B but it does not, because b itself is a correction in the ABC.
Follow The Markets Structure - Patience and Discipline
Nasdaq reversed down around 12900 last week
OPPT 1776 UCC 1-308
Financial time series and repeating patterns.
GBPUSD
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The markets are speaking to you. Do you know their language? I M T
The only pattern that is reliable in trading is probability which is approximated by how much risk you're willing to take for a certain amount of profit.
Quoting Robinhood1
Nasdaq reversed down around 12900 last week
So did SP500
OPPT 1776 UCC 1-308
Quoting OnlineAddict
Guys, anyone here using Dukascopy? Looking for some reviews. I used them back in 2009-2010, but thats long time ago. Want to know if they are safe enough for a $100k+ deposit. Thanks in advance.
dukascopy is good with no worries, time tested and well established… very fast execution, you can also look at saxo bank, it has an advantage as it also offers trading in commodity, stocks, bonds etc all under one platform.
Quoting DrDave
Financial time series and repeating patterns. GBPUSD {image}
I asked ChatGpt. This is his answer:

Financial time series can have repeating patterns, but it is not guaranteed. Some of the patterns that can be observed in financial time series include trends, seasonality, and cycles. However, the financial market is inherently unpredictable and complex, and it is difficult to identify and predict repeating patterns with certainty. Additionally, repeating patterns can change over time, so even if a pattern is observed in the past, it may not persist in the future.
in wondering about yourself, you forgot what you came here to be part of
Quoting DrDave
Financial time series and repeating patterns. GBPUSD {image}
fractals repeat on various tfs
OPPT 1776 UCC 1-308
Quoting pipfarm
{quote} The problem i see with that 3 wave pattern is that it should have another 3 wave pattern at B but it does not, because b itself is a correction in the ABC.
we see things differently, and its totally OK
Inglorious scalper
Bears need 1hr close below 1.2060. This would put 1.2072 - 1.2084 - 1.2092 as RESISATNCE.

Little more patience is needed.
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