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Cable Update (GBPUSD)

  • #735,781
  • Mar 13, 2023 6:40am Mar 13, 2023 6:40am
ok I see it now Beetogether 1.2054 but if we are below red lines, Im short
I hope we will close gap
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Trendlines H1,H4, SMC
  • #735,782
  • Mar 13, 2023 6:40am Mar 13, 2023 6:40am
I have limited time on this is platform. I want to focus on other things. Like focusing more on personal trading and reading financial books.
My telegram: https://t.me/avidforex
  • #735,783
  • Mar 13, 2023 6:41am Mar 13, 2023 6:41am
I will short if price below blue line
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  • #735,784
  • Mar 13, 2023 6:46am Mar 13, 2023 6:46am
Quoting josip
ok I see it now Beetogether 1.2054 but if we are below red lines, Im short I hope we will close gap {image}
12050 area is the opening of the weeks trading which it bull dozed. I went long in the box above Fridays close, where the bears didn’t couldn’t take us below 120. It’s always a gamble but i usually enter trades 20-30 pip intervals from initial trade. A risky move as hedging can wipe out too. But with the move today there is no data that can impact just noise from the news.
Insane in the Brain..
  • #735,785
  • Mar 13, 2023 6:50am Mar 13, 2023 6:50am
Quoting Moty
{quote} Still, there is support at 1.20539 and Ozzy reached adr low, a bit risky, but I think it will work {image}

i ilke it

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yes yes yes
  • #735,786
  • Mar 13, 2023 6:59am Mar 13, 2023 6:59am

took short

tp1 1.20530

tp 2 1.20313

tp 3 1.20113

Attached Image(s) (click to enlarge)
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yes yes yes
  • #735,787
  • Mar 13, 2023 7:05am Mar 13, 2023 7:05am
Quoting JereMi256
{quote} Waiting for long setup after gap close {image}
Agree.

Expect the price to drop to daily pivot
Intraday only.
  • #735,788
  • Mar 13, 2023 7:10am Mar 13, 2023 7:10am
121 magnet is first area of interest for me. Followed by my TP areas of 12140, 70 and 122. For all TP areas I need 121 to crack first.
Insane in the Brain..
  • #735,789
  • Mar 13, 2023 7:18am Mar 13, 2023 7:18am
Quoting BeeTogether
121 magnet is first area of interest for me. Followed by my TP areas of 12140, 70 and 122. For all TP areas I need 121 to crack first.
You are not considering the gap to be closed
  • #735,790
  • Mar 13, 2023 7:20am Mar 13, 2023 7:20am
gbpusd update

key is 1.2060
above = long, below - short
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #735,791
  • Mar 13, 2023 7:22am Mar 13, 2023 7:22am
Quoting AlfieSolomon
{quote} You are not considering the gap to be closed
do you mean the gap between Friday close and Sunday open?
Insane in the Brain..
  • #735,792
  • Mar 13, 2023 7:31am Mar 13, 2023 7:31am
Quoting BeeTogether
{quote} do you mean the gap between Friday close and Sunday open?
Yess the new week opening gab
  • #735,793
  • Mar 13, 2023 7:32am Mar 13, 2023 7:32am
Quoting BigNumbers
Dollar is going to crash at least 360 pips... or even more... Buying Gu is highly recommended in this coming week... I am seeing 1.24000 next



No Jokes!!
My telegram: https://t.me/avidforex
  • #735,794
  • Mar 13, 2023 7:33am Mar 13, 2023 7:33am
Quoting AlfieSolomon
{quote} Yess the new week opening gab
yeah that gap is still there and might hamper moves up if not closed however the trend still seems up for time being maybe we can see a close before NYO. I will add a long at 12030 if need be
Insane in the Brain..
  • #735,795
  • Mar 13, 2023 7:34am Mar 13, 2023 7:34am
Quoting MrFanciful
Well I think a 60% loss today is more than adequate. I hope you all have a better day than me.
One problem with ICT method, you tend to get exposed to many possible setups in one day, (fvgs ,OBs, liquidity zones) hence there is a tendency of over laveraging more often when you try revenge trading. I personally fell victim to that.

ICT concept is best applied at key levels on HTFs(4H and above)
Face 'ur fears & tame 'ur greed
  • #735,796
  • Mar 13, 2023 7:43am Mar 13, 2023 7:43am
Three banks went under in a week. The Fed intervenes.
US authorities shut down New York's Signature Bank.
Trendlines H1,H4, SMC
  • #735,797
  • Mar 13, 2023 7:52am Mar 13, 2023 7:52am
OK. Went for an early Euro lunch today. Back to my desk, and proceed to close my yen positions.

I was short on GBPJPY, USDJPY and added another pair EURJPY exactly a month ago, started here and here.

There's no major macro data release today. It's more of a day for trade repositioning, and portfolio rebalancing, and of course, cutting down exposures.

I've closed 4 trades on GBPJPY, another 4 trades on EURJPY, and finally two positions on USDJPY. All at 12 minutes prior to NY equities market open. We don't know what market is going to do with the dollar during the US session. There're auctions for US03M and US06M later today. We'll see how the bond market reacts to SVB news, and if the yields continue to plummet across the board. If market expects Fed to remain hawkish, then yields should rise close to 5%. Otherwise, we'll continue with already deeply inversion sentiments.

I still maintain 2 active trades on EURJPY, another 8 trades on GBPJPY, and a dozen on USDJPY. Floating P/L prior to earlier close was -$475, and was now at -$580 after.
Attached Image(s) (click to enlarge)
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  • #735,798
  • Mar 13, 2023 7:53am Mar 13, 2023 7:53am
Quoting BigNumbers
Dollar is going to crash at least 360 pips... or even more... Buying Gu is highly recommended in this coming week... I am seeing 1.24000 next
That's great but why do you think so ...thanks
  • #735,799
  • Mar 13, 2023 7:53am Mar 13, 2023 7:53am
Attached Image (click to enlarge)
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Quoting navk
{quote} Agree. Expect the price to drop to daily pivot
yes yes yes
  • #735,800
  • Mar 13, 2023 8:05am Mar 13, 2023 8:05am
There were lines in front of 1st Republic Bank as early as Friday and today it is under regulatory control and cannot make transfers or withdrawals, so that's next. Oh, and it will be interesting to see what happens with Wells Fargo, which is officially a bit quiet, but Twitter is full of scared people whose money has disappeared from their accounts due to a "technical issue"
Well, it's the 4th largest bank in the US and the 15th largest in the world.

what this can do with dollar.
Trendlines H1,H4, SMC
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