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Cable Update (GBPUSD)

  • #738,001
  • Mar 28, 2023 4:16am Mar 28, 2023 4:16am
Quoting Moty
{image}
bro get that hammer out!!
Insane in the Brain..
  • #738,002
  • Mar 28, 2023 4:19am Mar 28, 2023 4:19am
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People don't plan to lose. They lose because they don't plan.
  • #738,003
  • Mar 28, 2023 4:22am Mar 28, 2023 4:22am
Current support area 12290. Need a decent break below for the bears to work their magic
Insane in the Brain..
  • #738,004
  • Mar 28, 2023 4:33am Mar 28, 2023 4:33am
Quoting JereMi256
{quote} Limits Filled! TP1 1.2345 {image}
Added 1.2282

Same SL!
Face 'ur fears & tame 'ur greed
  • #738,005
  • Mar 28, 2023 4:41am Mar 28, 2023 4:41am
It's a new day with a new deposit and a new strategy
The 33 sma and 200 sma band strategy
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Nailed it
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yes yes yes
  • #738,006
  • Mar 28, 2023 4:46am Mar 28, 2023 4:46am
Quoting W0lfram
{quote} Overall, as expected. Still probing last week vah. Maybe it'll give up next week. Selling priority to me. 1.193 - 1.184 {image}{image} {image}
Come on...
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Any more shakeouts of sellers ahead?
Air force
  • #738,007
  • Mar 28, 2023 4:49am Mar 28, 2023 4:49am
Quoting Moty
It's a new day with a new deposit and a new strategy The 33 sma and 200 sma band strategy {image} Nailed it {image}
well done bud! Keep the hammer out I’m flirting with 12250
Insane in the Brain..
  • #738,008
  • Mar 28, 2023 5:16am Mar 28, 2023 5:16am
Quoting Moty
It's a new day with a new deposit and a new strategy The 33 sma and 200 sma band strategy {image} Nailed it {image}
I admire your strong will bro. I was down by 50% and i took 3 months off to regroup.
My previous acct. had it worst. I was up by 500% in less than 24 hour because i put wrong decimal in lot size.
But somehow my greed wiped it out the next day.
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Don't mind me.. i'm crazy
  • #738,009
  • Mar 28, 2023 5:26am Mar 28, 2023 5:26am
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yes yes yes
  • #738,010
  • Mar 28, 2023 5:29am Mar 28, 2023 5:29am
Quoting JereMi256
{quote} Added 1.2282 Same SL!
Partial taken +20pips
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Face 'ur fears & tame 'ur greed
  • #738,011
  • Mar 28, 2023 5:30am Mar 28, 2023 5:30am
Crazy buyer is coming now.
great for me! had long from 1.22938
and a loosen hedge long @ 1.23207
  • #738,012
  • Mar 28, 2023 5:38am Mar 28, 2023 5:38am
Right so one of my shorts SLed at b/e the others still open will look to re enter at 12330-40

edit scrap that.. added a smaller short at 12312 and have an order for one at 12340

TP open but will look at 1220-12250 as areas of interest
Insane in the Brain..
  • #738,013
  • Mar 28, 2023 5:44am Mar 28, 2023 5:44am
Quoting JereMi256
{quote} Partial taken +20pips {image}
Closed all @1.2312

Waiting for 1.2345 for shorts
Face 'ur fears & tame 'ur greed
  • #738,014
  • Mar 28, 2023 5:45am Mar 28, 2023 5:45am
Quoting Cgpips
Crazy buyer is coming now. great for me! had long from 1.22938 and a loosen hedge long @ 1.23207
crazy, huh?
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  • #738,015
  • Mar 28, 2023 6:09am Mar 28, 2023 6:09am
Gu long.
I missed the first entry @ 1.22900.
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My telegram: https://t.me/avidforex
  • #738,016
  • Mar 28, 2023 6:12am Mar 28, 2023 6:12am
Quoting genadi
{quote} solid performance.
A little bit but from the heart.
  • #738,017
  • Mar 28, 2023 6:13am Mar 28, 2023 6:13am
A very tricky price action... Sold at 1.2320, target 1.2265...

Second sell limit at 1.2350...
Data + Stat + Risk/Emotions Management
  • #738,018
  • Mar 28, 2023 6:16am Mar 28, 2023 6:16am
Quoting Georginson
A very tricky price action... Sold at 1.2320, target 1.2265... Second sell limit at 1.2350...
totally agree. The pound is overbought and will drop significantly however the question is when and by how much in the near future at least
Insane in the Brain..
  • #738,019
  • Mar 28, 2023 6:25am Mar 28, 2023 6:25am
Quoting josi
{quote} crazy, huh? {image}
They are moving serially like some hot sales is ongoing up there.
At that time, I'm observing where reversal will occur.
And I consider this is a reversal move by breakout WLMA 8 line (high for long / low for short )
It's not working all the time though.
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  • #738,020
  • Mar 28, 2023 6:27am Mar 28, 2023 6:27am
Quoting BeeTogether
{quote} totally agree. The pound is overbought and will drop significantly however the question is when and by how much in the near future at least
In the very short term, it is overbought but over the medium and long term it is still very cheap in my humble opinion.

We are just 3 trade days left to end the first quarter of the year with 643 pips move in this quarter so far. The average price for this quarter is 1.21 and a return there before this week will end cannot be ruled out.

Meanwhile, the expected range for next quarter is between 680 - 800 pips which may open up 1.28 as far as support is found at 1.20 - 1.21 area.

The market makers are playing a range game to lure unsuspecting traders into believing the range can continue this way, then suddenly a sudden price burst of Volatility. I do not want to fall prey to their gimmicks, so intend preparing myself for break out of price.

Price break out simulations below....

✓A break of 1.18 exposes 1.14 next quarter
✓A break of 1.24 exposes 1.28 next quarter...

Pay very close attention to 1.2000 being the decider of this action.

This month of March has already completed 85% of it's expected range, which means current high of 1.2343 or current low of 1.1802 can only be marginally broken by 50 - 80 pips... Hence risk reward favours selling from 1.23 area except if something extra ordinary happens.

As always no obligation to follow.
Data + Stat + Risk/Emotions Management
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