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Cable Update (GBPUSD)

  • #730,361
  • Feb 20, 2023 3:56am Feb 20, 2023 3:56am
Quoting DrDave
{quote} Unfortunately, the reality dictates that you only get the key after the lock is already unlocked.
What does this mean? in plain English ...thanks your reply in advance...
  • #730,362
  • Feb 20, 2023 3:58am Feb 20, 2023 3:58am
Quoting Pat Chiko
{quote} Today, she's exhibiting an attitude of playing hard to get. As any other Mondays, she's typically not in the mood to play.
Lol, Yeh. Decent enough short though...1hr is not really in an uptrend yet so any entry long would have to take that into a/c, although Fri's dly hammer candle was bullish. 4hr in a downtrend, dly rangy and wkly still in uptrend is how I see it right now.
---------------------------------------------------

1hr below
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Trader with an Edge.
  • #730,363
  • Feb 20, 2023 4:14am Feb 20, 2023 4:14am
add buy - 1.2025
Together we can be strongest
Vantage Return This Month: na
  • #730,364
  • Feb 20, 2023 4:17am Feb 20, 2023 4:17am
Quoting Waveskierrob
{quote} What does this mean? in plain English ...thanks your reply in advance...
You only see it in hindsight, never as foresight.
To free Gazans of Hamas, use whatever it takes.
  • #730,365
  • Feb 20, 2023 4:19am Feb 20, 2023 4:19am
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Word of the Day: February 20, 2023
prerogative
  • #730,366
  • Feb 20, 2023 4:22am Feb 20, 2023 4:22am
Quoting DrDave
{quote} You only see it in hindsight, never as foresight.
Thanks again...
  • #730,367
  • Feb 20, 2023 4:22am Feb 20, 2023 4:22am
Quoting Headland
{quote} Lol, Yeh. Decent enough short though...1hr is not really in an uptrend yet so any entry long would have to take that into a/c, although Fri's dly hammer candle was bullish. 4hr in a downtrend, dly rangy and wkly still in uptrend is how I see it right now. --------------------------------------------------- 1hr below {image}
I give another try.

LONG GU
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I come from the future.
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  • #730,368
  • Feb 20, 2023 4:22am Feb 20, 2023 4:22am
Quoting Headland
{quote} Lol, Yeh. Decent enough short though...1hr is not really in an uptrend yet so any entry long would have to take that into a/c, although Fri's dly hammer candle was bullish. 4hr in a downtrend, dly rangy and wkly still in uptrend is how I see it right now. --------------------------------------------------- 1hr below {image}
1hr is not really in an uptrend yet
Not how I see it. H1 was not only in an up trend already, it is highly likely that it is now reversing.

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To free Gazans of Hamas, use whatever it takes.
  • #730,369
  • Feb 20, 2023 4:28am Feb 20, 2023 4:28am
Quoting DrDave
{quote} 1hr is not really in an uptrend yet Not how I see it. H1 was not only in an up trend already, it is highly likely that it is now reversing. {image}
Hi, I looked again re 3 candle fractal swing analysis, and yeah it could be at beginning of an uptrend, which was what I meant by '...not really in an uptrend yet..' Your analysis may well give a different answer.

1hr below
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Trader with an Edge.
  • #730,370
  • Feb 20, 2023 4:32am Feb 20, 2023 4:32am
Trading is funny, everyone looking at one thing and saying different things based on perception.....
  • #730,371
  • Feb 20, 2023 4:40am Feb 20, 2023 4:40am
Quoting Headland
{quote} Hi, I looked again re 3 candle fractal swing analysis, and yeah it could be at beginning of an uptrend, which was what I meant by '...not really in an uptrend yet..' Your analysis may well give a different answer. 1hr below {image}
Hi Headland, I'm a swing trader, I monitor candle formation on the H4 and Daily for continuation. I have not seen anything on those two time-frames to suggest anything bearish, so as far as I'm concerned, the bulls has got this. I'll stay long GU until the trend turns bearish.

Cheers
Guy
  • #730,372
  • Feb 20, 2023 4:44am Feb 20, 2023 4:44am
GU sell below current high....trades on now. This will continue for NY too.

Asia : Buy above asian low closed for nice profit.
Intraday only.
  • #730,373
  • Feb 20, 2023 4:50am Feb 20, 2023 4:50am
Quoting palpite
buy - 1.2040 stop loss - 1.2020
i am also
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yes yes yes
  • #730,374
  • Feb 20, 2023 4:50am Feb 20, 2023 4:50am
Quoting navk
GU sell below current high....trades on now. This will continue for NY too. Asia : Buy above asian low closed for nice profit.
us bank holiday today though
  • #730,375
  • Feb 20, 2023 4:53am Feb 20, 2023 4:53am
Quoting Guy1969
{quote} Hi Headland, I'm a swing trader, I monitor candle formation on the H4 and Daily for continuation. I have not seen anything on those two time-frames to suggest anything bearish, so as far as I'm concerned, the bulls has got this. I'll stay long GU until the trend turns bearish. Cheers Guy
On Saturday, I stated here that there is an up bias due to 512m swinging up. But because every TF below that will make pullbacks that are built by even smaller TFs going into down trends, there will be selling opportunities.

So, as always, which direction you want to take depends on where you are looking.
To free Gazans of Hamas, use whatever it takes.
  • #730,376
  • Feb 20, 2023 4:56am Feb 20, 2023 4:56am
Quoting 2046
{quote} us bank holiday today though
yes, still few can be made. imo
Intraday only.
  • #730,377
  • Feb 20, 2023 5:01am Feb 20, 2023 5:01am
Quoting DrDave
{quote} On Saturday, I stated here that there is an up bias due to 512m swinging up. But because every TF below that will make pullbacks that are built by even smaller TFs going into down trends, there will be selling opportunities. So, as always, which direction you want to take depends on where you are looking.
Agree, the Weekly and Monthly chart is my bread and butter.

Cheers
Guy
  • #730,378
  • Feb 20, 2023 5:07am Feb 20, 2023 5:07am
Quoting BrainBucks
{quote} Wow. Sounds ominous for my positions right now! Care to share any further insights as to your drawn lines pls?
They are not exact figures but if you look at H1 we have three larger degree waves up (corrective) and only one down ( impulsive), the swing down is the first larger degree wave down, the first larger degree wave down has a 5 swing internal structure so we should get three minor degree swings up on H1 before continuing down.

Currently we seem to be moving into the B of the abc
Follow The Markets Structure - Patience and Discipline
  • #730,379
  • Feb 20, 2023 5:07am Feb 20, 2023 5:07am
Quoting navk
{quote} yes, still few can be made. imo
Exactly. I just increase lot size and decrease TP level.
To free Gazans of Hamas, use whatever it takes.
  • #730,380
  • Feb 20, 2023 5:10am Feb 20, 2023 5:10am
Quoting Moty
{quote} i am also {image}
Follow the strategy of Navk for to trade London. Is working very well.
Together we can be strongest
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