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Cable Update (GBPUSD)

  • #737,161
  • Mar 21, 2023 3:24pm Mar 21, 2023 3:24pm
Quoting W0lfram
added short {image}
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after 15 days, bearish month close not likely anymore
from the other hand, 200 pips is a matter of 1-2 days
I'll keep targets for next months then
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Air force
  • #737,162
  • Mar 21, 2023 3:42pm Mar 21, 2023 3:42pm
Quoting Wavegarrick
{quote} Just realized that I am buying at exhausted areas and doing it again and again and doing it again, hence going into recovery mode. Perhaps FOMO (fear of missing out). Anyway, something to work on and certainly Improve on in coming days/ weeks. My weekly pivot at 1.21413 may be a target. We shall see. Cheers. {image}

Having gone through the same thing maybe I can help. I found that because I had some losses I was reluctant to pull the trigger on a trade UNTIL I was ABSOLUTELY sure. The thing about that is that I wasn't sure until the trade was almost over, and would often get caught in the stop hunt that dips over an area of resistance or support. I basically had to talk myself into taking trades when I saw them rather than waiting. To do so I would go to smaller time frames, and that way if I was trading an area of exhaustion it didn't necessarily mean the end because the higher time frames were still in the trend. Hope this helps.
Don't compare your trades to others. Most often the masses are the asses
  • #737,163
  • Mar 21, 2023 3:47pm Mar 21, 2023 3:47pm
Quoting W0lfram
{quote} {image} after 15 days, bearish month close not likely anymore from the other hand, 200 pips is a matter of 1-2 days I'll keep targets for next months then {image}
EURUSD will retest last week low, so there's bearish close probability is H
  • #737,164
  • Mar 21, 2023 3:58pm Mar 21, 2023 3:58pm
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yes yes yes
  • #737,165
  • Mar 21, 2023 4:00pm Mar 21, 2023 4:00pm
Quoting W0lfram
{quote} {image} after 15 days, bearish month close not likely anymore from the other hand, 200 pips is a matter of 1-2 days I'll keep targets for next months then {image}
Spot the difference! 118 and 115 is on 🔥
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  • #737,166
  • Mar 21, 2023 4:53pm Mar 21, 2023 4:53pm
Quoting Jolita
{quote} Spot the difference! 118 and 115 is on 🔥 {image} {image}
Thanks, J.
Options analysis is cool but complex.. following one guy on this topic
The lower the put (from current price), the cheaper it is. Option premium for each strike at particular day is important thing
For 1.18 put, break even @ 1.1792 on futures quotes, let's see. Contract expiration in 15 days.

Another perspective, 1.21+ Calls in the money. Closing these contracts will cause price to fall.
Most likely tomorrow, after data update (clearing), it will show a decrease in open interest at 1.21
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Air force
  • #737,167
  • Mar 21, 2023 5:01pm Mar 21, 2023 5:01pm
So many great tools. Thanks, will need to look in to this .

I didn't expect over 87.1% rate rise probability 0.25-0.5%, remember Powel talked about 0.5%, can he still deliver?
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Also what is even more interesting is BOE 0.30% - I was reading there will be none.
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UK CPI tonight
  • #737,168
  • Mar 21, 2023 6:08pm Mar 21, 2023 6:08pm
Quoting Ihlas
{quote} EURUSD will retest last week low, so there's bearish close probability is H
Dump on EU soon for sure, when they'll start seeing an uptrend, others will catch SL
Feb 1, was 87% short, now 83%
no idea how it works
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Air force
  • #737,169
  • Mar 21, 2023 7:40pm Mar 21, 2023 7:40pm
Quoting BigNumbers
Take notes below 1.22250 sell TP 1.21700 above 1.23000 Buy Tp 1.23700 I have been short a long time ago when it breaks out, i will post it

1.22250 is the number. Came to retest the level. Added more shorts
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My telegram: https://t.me/avidforex
  • #737,170
  • Mar 21, 2023 9:12pm Mar 21, 2023 9:12pm
I will start selling during frankfurt/london above 2235/40 today
Intraday only.
  • #737,171
  • Mar 21, 2023 10:50pm Mar 21, 2023 10:50pm
FRESH new GBPUSD Long position just opened! 105 pips stop loss, 219 pips profit target. Happy trading friends !
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  • #737,172
  • Mar 21, 2023 10:52pm Mar 21, 2023 10:52pm
Quoting navk
I will start selling during frankfurt/london above 2235/40 today
PLEASE do NOT short the GBPUSD, unless you absolutely want to lose money, lmao
  • #737,173
  • Mar 21, 2023 11:01pm Mar 21, 2023 11:01pm
Yesterday it was about flows going into the Euro and usd and out of the Gbp and yen complexes but to me looked like profit taking .
  • #737,174
  • Mar 22, 2023 1:26am Mar 22, 2023 1:26am
CME FedWatch Tool: The probability of a 25 basis point rate hike rose to 86.4%.
Everything seems to be set.
But...There will always be surprises in the market.
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Just follow the trend.
  • #737,175
  • Mar 22, 2023 1:27am Mar 22, 2023 1:27am
Quoting ninner
Yesterday it was about flows going into the Euro and usd and out of the Gbp and yen complexes but to me looked like profit taking .
Update: 8 x SHORTS BE 1.1943 ...😲, hopefully get there before weeks end but I doubt it....😉😁
  • #737,176
  • Mar 22, 2023 1:28am Mar 22, 2023 1:28am
Quoting Bobbynouchet
{quote} PLEASE do NOT short the GBPUSD, unless you absolutely want to lose money, lmao
Why is that then ?...
  • #737,177
  • Mar 22, 2023 1:34am Mar 22, 2023 1:34am
Quoting Waveskierrob
{quote} Update: 8 x SHORTS BE 1.1943 ...😲, hopefully get there before weeks end but I doubt it....😉😁
you must be in green now gold falled hard
  • #737,178
  • Mar 22, 2023 1:37am Mar 22, 2023 1:37am
Quoting AlfieSolomon
{quote} you must be in green now gold falled hard
I wish, still in the red but atleast it's going in the right direction...😉😁
  • #737,179
  • Mar 22, 2023 1:43am Mar 22, 2023 1:43am
Sitting on wait-and-watch mode since yesterday. Not convinced to buy at these levels and not interested to short since its showing strength. since the fed meeting and GBP data are due today. No hurry, GBP won't runaway . Having said that it might spike to 1.23 if GBP CPI surprises on positive side. Thinking of buy stop to trade.
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  • #737,180
  • Mar 22, 2023 1:49am Mar 22, 2023 1:49am
My Plan. GU H1
1, the technical structure shows that prices are still trending up.
2, the price retreated and was supported by the market.
3, I would wait for the indicator to cross below the horizontal level 20.
4, There is a bullish candlestick will enter to go long.
But, all this is just staying on the technical side, Fed news excluded.

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Just follow the trend.
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