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Cable Update (GBPUSD)

  • #738,902
  • Apr 2, 2023 7:23pm Apr 2, 2023 7:23pm
GU classic pattern.
Bearish close on Friday and s1 tested.
One can long from s1 to close to pivot until LO.
Yes
Intraday only.
  • #738,903
  • Apr 2, 2023 7:24pm Apr 2, 2023 7:24pm
Quoting KareemAliFx
{quote} nah you are the very definition of waste . I bet you are some fat 40 year old virgin
sounds like you all talk but no walk lmao, waste man
  • #738,904
  • Apr 2, 2023 7:26pm Apr 2, 2023 7:26pm
Quoting navk
GU classic pattern. Bearish close on Friday and s1 tested. One can long from s1 to close to pivot until LO. Yes
tend to agree on the long from here to 1.2344 area, could be more.


have a good week mate.
  • #738,905
  • Apr 2, 2023 7:27pm Apr 2, 2023 7:27pm
Quoting navk
GU classic pattern. Bearish close on Friday and s1 tested. One can long from s1 to close to pivot until LO. Yes
wrong opinion
  • #738,907
  • Apr 2, 2023 8:07pm Apr 2, 2023 8:07pm
Quoting Bobbynouchet
{quote} as far as Im concerned now would be a sexy time to short the cable, Id set a stop loss at 1.2423 and I would aim for a target around 1.1900
im still short from last week. Thought it find support but so far not so much.
  • #738,908
  • Apr 2, 2023 8:13pm Apr 2, 2023 8:13pm
Quoting Whale
{quote} tend to agree on the long from here to 1.2344 area, could be more. have a good week mate.
If Asian high is broken, it will go up more
Intraday only.
  • #738,909
  • Apr 2, 2023 8:29pm Apr 2, 2023 8:29pm
Quoting navk
{quote} If Asian high is broken, it will go up more
support held in a big way. Covered shorts and long
  • #738,910
  • Apr 2, 2023 9:16pm Apr 2, 2023 9:16pm
McDonald’s is laying off and shutting down corporate offices in the US. Unemployment rate should be going up ! Bad news for USD !
Master your mind. Master Trading.
  • #738,911
  • Apr 2, 2023 9:21pm Apr 2, 2023 9:21pm
Quoting KareemAliFx
McDonald’s is laying off and shutting down corporate offices in the US. Unemployment rate should be going up ! Bad news for USD !
yes I read that too. I agree
  • #738,912
  • Apr 2, 2023 9:42pm Apr 2, 2023 9:42pm
Oil is up over 5% which is often negatively correlated with tge dollar.
  • #738,913
  • Edited 10:27pm Apr 2, 2023 10:09pm | Edited 10:27pm
Long 1.2282
SL open
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Face 'ur fears & tame 'ur greed
  • #738,914
  • Apr 2, 2023 10:24pm Apr 2, 2023 10:24pm
Quoting JereMi256
Long 1.2282 SL open
on 1 hr it’s in a downtrend but a very unstable one.
  • #738,915
  • Apr 2, 2023 10:28pm Apr 2, 2023 10:28pm
Quoting ninner
{quote} on 1 hr it’s in a downtrend but a very unstable one.
Market makers let retail traders pile in, creates very choppy movement that appears ad "weak". Be careful I wonder what kind of move will hit at the end of Asia going into Euro open as a repose to the retail volumes hopping in.
Discouragement is the language of the devil. Results over hype.
  • #738,916
  • Apr 2, 2023 10:46pm Apr 2, 2023 10:46pm
Quoting callmechief
{quote} Market makers let retail traders pile in, creates very choppy movement that appears ad "weak". Be careful I wonder what kind of move will hit at the end of Asia going into Euro open as a repose to the retail volumes hopping in.
I never said weak.. I said unstable!!!!
  • #738,917
  • Apr 2, 2023 10:51pm Apr 2, 2023 10:51pm
Hi everyone,
I've taken a long position on CHFJPY against the peak formation put in on Friday.

Market makers cross over perceived "support" and "resistance" levels for one reason - money. The way I see it, the market maker violated Yesterdays low, where sell limit orders are commonly placed ahead of a retail projected downtrend. Market makers then accumulate that volume of sellers and work the market agains that rather high volume. All three major sessions interacted with Thursday's high and I am looking for some kind of interaction on that price level (145.5440) before we see another move in the market. Where the market maker will move price next depends on a number of indicators but I project either a continuation in the trend after a stop-hunt against buyers, or a correction after a stop hunt high against sellers. Either are likely to happen at the Euro open.

In the case of a continuation upwards, I assume the the market maker is finished with working the low of the day, and anticipate that we'll see a push to the 146.715 zone before the market either reverses direction against late, emotional, reactive retail buyers at the US open or holds sideways and accumulate contracts as they chop sideways and reestablish value.
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Discouragement is the language of the devil. Results over hype.
  • #738,918
  • Apr 2, 2023 10:54pm Apr 2, 2023 10:54pm
Quoting ninner
{quote} I never said weak.. I said unstable!!!!
Ok buddy you said unstable.
Discouragement is the language of the devil. Results over hype.
  • #738,919
  • Apr 2, 2023 11:18pm Apr 2, 2023 11:18pm
Quoting ninner
{quote} support held in a big way. Covered shorts and long
You got scared out for that 25 pips max. retracement, probably lost on the buy but you're not saying

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It takes a lot for me to IGNORE you, but you can try.
  • #738,920
  • Apr 2, 2023 11:21pm Apr 2, 2023 11:21pm
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Took P.Prfts 50% here now.

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