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Cable Update (GBPUSD)

  • #731,541
  • Feb 23, 2023 10:57am Feb 23, 2023 10:57am
all the analysis and the time we have spent to watch that candles.. the market always find a way to knock you down..
  • #731,542
  • Feb 23, 2023 11:01am Feb 23, 2023 11:01am
Quoting Pat Chiko
{quote} GU looking from H1 TF{image}
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May I ask a small favor, Pat...

Would you mind placing the TIMES indicator on your chart? It shows the times in the upper left-hand corner. Sometimes, hard to sync up your charts with mine.

Thanks, Mate. Cheers.
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File Type: mq4 TIMES.mq4   2 KB | 423 downloads
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #731,543
  • Feb 23, 2023 11:02am Feb 23, 2023 11:02am
Quoting dantpm
{quote} Manipulation!
i also think its market sentiment
Lou Vincii Code
  • #731,544
  • Feb 23, 2023 11:03am Feb 23, 2023 11:03am
Quoting dantpm
{quote} Manipulation!
by who?
MY OPINION NOT FINANCIAL ADVISE
  • #731,545
  • Feb 23, 2023 11:06am Feb 23, 2023 11:06am
Quoting donfriday
{quote} by who?
MM's, Algos
  • #731,546
  • Feb 23, 2023 11:06am Feb 23, 2023 11:06am
Quoting Coreg2004
{quote} JereMi256, tight...if you ask me. {image}
My bet is on this 4H close.
1.2007 is to reduce the risk
Face 'ur fears & tame 'ur greed
  • #731,547
  • Feb 23, 2023 11:10am Feb 23, 2023 11:10am
This is hard work today lol. Some red sticker data tomorrow let’s see if it can shake the market a bit.
Insane in the Brain..
  • #731,548
  • Feb 23, 2023 11:14am Feb 23, 2023 11:14am
Quoting BeeTogether
This is hard work today lol. Some red sticker data tomorrow let’s see if it can shake the market a bit.
and with that we have a shake down lol.
Insane in the Brain..
  • #731,549
  • Feb 23, 2023 11:15am Feb 23, 2023 11:15am
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yes yes yes
  • #731,550
  • Feb 23, 2023 11:18am Feb 23, 2023 11:18am
all ive seen in this thread today is a lot of longing and price just keeps dipping
  • #731,551
  • Feb 23, 2023 11:19am Feb 23, 2023 11:19am
Quoting Moty
{image}
121 looking quite far away but have to agree with the area of pull back. Maybe resting at circa 12075-90 tomorrow depending on data?
Insane in the Brain..
  • #731,552
  • Edited 11:34am Feb 23, 2023 11:20am | Edited 11:34am
Quoting donfriday
{quote} i have a question when a currency pair move 50pips without news within 4hrs what is the reason fundamental or technical?
market makers need to fill large market participants orders. Forex , is actually a decentralized market. Meaning insider trading is happening everyday. Economic reports are released early to certain “subscribers “ and even if you know a central bank governs friend perhaps will allow you gain access to insider information. This is probably why we see random impulsive moves simply because market makers push price to fill orders. I hope that helps
Master your mind. Master Trading.
  • #731,553
  • Feb 23, 2023 11:23am Feb 23, 2023 11:23am
Quoting shay14
all ive seen in this thread today is a lot of longing and price just keeps dipping
US data was mixed bag with the red sticker not good. Also FOMC minutes yesterday suggesting a rate cut at the end of the year.. also there was talking of next rate rise being 5% but instead it’s 2.5%

from a resistance perspective there is a the areas to revisit too 12150-80 and potentially 12250 too. However the latter could be well out of reach at the moment as the move to lows might only need a slight retrace/correction before the trapdoor opens towards 118
Insane in the Brain..
  • #731,554
  • Feb 23, 2023 11:23am Feb 23, 2023 11:23am
Added 1.1994

SL for all 1.1977
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Face 'ur fears & tame 'ur greed
  • #731,555
  • Feb 23, 2023 11:29am Feb 23, 2023 11:29am
Quoting shay14
all ive seen in this thread today is a lot of longing and price just keeps dipping
Today was a sell day. It was evident since yesterday. Today price opened under pivot, tested the pivot (2072) from below and quickly rejected and was sent spiralling down. Asian low at 2035 was there for the taking. The ascending trendline (cannot draw chart now) was broken, like I suggested it would break. So what on earth was inducing the buys? Fast scalpers could scalp buys here and there and still make loads of money, but a more calculated approach would be to short every rip! These are my posts below:

Quoting Mitiblotch
Short 2045. TP just 20 pips. I put a wide SL just for the sake of it (I didn't want to put any). This line looks like it will break because I see MT4 volume ticking up with the down bars. Also Asian low is 2035 and I expect at least 10 -20 pips below it to be hit. Another reason is that we are below daily pivot at 2072 (we hit it and it rejected downwards) so it is logical to go hit daily support 1 at 2009. {image}
Quoting Mitiblotch
{quote} Out at 2035. +10. Will short every spike except I see conflicting evidence,
  • #731,556
  • Feb 23, 2023 11:31am Feb 23, 2023 11:31am
I close all purchases, now I will only consider selling
  • #731,557
  • Feb 23, 2023 11:32am Feb 23, 2023 11:32am
10 pips to 21 Feb low
  • #731,558
  • Feb 23, 2023 11:33am Feb 23, 2023 11:33am
Quoting KareemAliFx
It’s bearish lol nothing strange about it
Post charts please. I want to see what you see
How to succeed in zero sum game?
  • #731,559
  • Feb 23, 2023 11:35am Feb 23, 2023 11:35am
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  • #731,560
  • Feb 23, 2023 11:35am Feb 23, 2023 11:35am
Quoting BeeTogether
{quote} US data was mixed bag with the red sticker not good. Also FOMC minutes yesterday suggesting a rate cut at the end of the year.. also there was talking of next rate rise being 5% but instead it’s 2.5% from a resistance perspective there is a the areas to revisit too 12150-80 and potentially 12250 too. However the latter could be well out of reach at the moment as the move to lows might only need a slight retrace/correction before the trapdoor opens towards 118
You worry about their future decision too much. Interest rate are just one of many things that affect exchange rates. Have you ever check interest rate correlation with exchange rate? I see no direct correlation.

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