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Cable Update (GBPUSD)

  • #739,821
  • Apr 7, 2023 2:26am Apr 7, 2023 2:26am
Quoting alienguy123
{quote} drop or no drop is not depend on us nor whether news is good or bad, it is depend on big bank and sometime the news like to wipe both side, so it is really subjective question, it even can wipe your stoploss only go to your favour direction
All the data released so far this week points to poor data in the NFP, which implies that pressure will build on the FED to not raise rates as quickly which puts downward pressure on the dollar.
The banks would have placed their bets earlier in the week.
All that is left is what path will the computers take price over the next few hours.
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  • #739,822
  • Apr 7, 2023 2:26am Apr 7, 2023 2:26am
Quoting huffy13
Do you all think we will see a drop with todays news? Thank you,
and more key indicator is depend on how much retailer bet on the side
eg: if 80% retailer bet on call , mostly it will wipe the call

or if sudden drop dramatically in the call side switch to put, it will wipe put

LOL... so what we can do is normally not to predict yes or no, it is to do when it happen
  • #739,823
  • Apr 7, 2023 2:30am Apr 7, 2023 2:30am
Quoting BeeTogether
See ya on the other side bye Dubai trading whilst in the air {image}
Business Class of course? happy fly buddy!
People don't plan to lose. They lose because they don't plan.
  • #739,824
  • Apr 7, 2023 2:30am Apr 7, 2023 2:30am
You flying GU down she go
People don't plan to lose. They lose because they don't plan.
  • #739,825
  • Apr 7, 2023 2:31am Apr 7, 2023 2:31am
Quoting dantpm
{quote} All the data released so far this week points to poor data in the NFP, which implies that pressure will build on the FED to not raise rates as quickly which puts downward pressure on the dollar. The banks would have placed their bets earlier in the week. All that is left is what path will the computers take price over the next few hours. {image}
we only can make reasonable assurance what it happen and bet if it happen but we cannot control what will happen, because right of intepretation data whether good or bad is depend on buying power

even big bank also cant really fully control the FOREX market, so normally they also coperate each other to wipe retailer only, if you insist to do different direction from big bank, even you are big bank, you are likely to be wipe also,
  • #739,826
  • Apr 7, 2023 3:01am Apr 7, 2023 3:01am
Quoting Mitiblotch
Everything happening in this triangle is called shenanigans. {image}
always consider both bull and bear thoughts to be more profitable.
1) the bulls: bull flag in the making, 1.25 TP very possible.
2) the bears: lower highs could very well push down to 1.24.
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  • #739,827
  • Edited 4:05am Apr 7, 2023 3:12am | Edited 4:05am
Quoting firsttimer
{quote} always consider both bull and bear thoughts to be more profitable. 1) the bulls: bull flag in the making, 1.25 TP very possible. 2) the bears: lower highs could very well push down to 1.24.
always consider both bull and bear thoughts in order to stay out of trades
1) the bulls: bull flag in the making, 1.25 TP very possible.
2) the bears: lower highs could very well push down to 1.24.

If both have a likelihood of 50%, always select number 3:
1) fight
2) flight
3) freeze
  • #739,828
  • Apr 7, 2023 3:15am Apr 7, 2023 3:15am
my view
gbpusd

it's going to be boring till 14.30
below the red line = short
we can bounce off the support and break R
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Trendlines H1,H4, SMC
  • #739,829
  • Apr 7, 2023 3:16am Apr 7, 2023 3:16am
Quoting josi
{quote} always consider both bull and bear thoughts in order to stay out of trades 1) the bulls: bull flag in the making, 1.25 TP very possible. 2) the bears: lower highs could very well push down to 1.24. If both have a likelihood of 50%, always select number 3: 1) fight 2) flight 3) freeze
... or sit on your hands...
  • #739,830
  • Apr 7, 2023 3:21am Apr 7, 2023 3:21am
Quoting Stavros999
I am gaining long from current levels and will close on the approaches to 1.31
same. If it gets 1.31 (I’m confident it will this quarter), I like the looks of 1.42
Compulsions can be hard to resist
  • #739,831
  • Apr 7, 2023 3:47am Apr 7, 2023 3:47am
Quoting trumps
{quote}same. If it gets 1.31 (I’m confident it will this quarter), I like the looks of 1.42
I like 2.0 but maybe next year
People don't plan to lose. They lose because they don't plan.
  • #739,832
  • Apr 7, 2023 4:01am Apr 7, 2023 4:01am
Quoting ScalaFX
{quote} Business Class of course? happy fly buddy!
cheers mate lol no business class standard economy..
Insane in the Brain..
  • #739,833
  • Apr 7, 2023 4:08am Apr 7, 2023 4:08am
Quoting BeeTogether
{quote} cheers mate lol no business class standard economy..
Most markets are closed today, so you can have a nice drink and enjoy the view under the clouds.
Just follow the trend.
  • #739,834
  • Apr 7, 2023 4:11am Apr 7, 2023 4:11am
What an incredibly boring week it has been so far,

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Follow The Markets Structure - Patience and Discipline
  • #739,835
  • Apr 7, 2023 4:42am Apr 7, 2023 4:42am
Unnecessary day
I'm not going to trade today
yes yes yes
  • #739,836
  • Apr 7, 2023 4:45am Apr 7, 2023 4:45am
Quoting Moty
Unnecessary day I'm not going to trade today
right. say that again in 4hrs
  • #739,837
  • Apr 7, 2023 4:57am Apr 7, 2023 4:57am
Quoting BrainBucks
{quote} right. say that again in 4hrs
I accept a miserable 20-30 pips move at best
yes yes yes
  • #739,838
  • Apr 7, 2023 5:01am Apr 7, 2023 5:01am
Is that last 1hr high what needs to be broken to start looking for longs?
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I have no clue where it's going
  • #739,839
  • Apr 7, 2023 5:08am Apr 7, 2023 5:08am
Quoting LifeRider
Is that last 1hr high what needs to be broken to start looking for longs? {image}
Regardless, for me I need whatever needs breaking, broken! I personally need to see at least 1.2485 this day!
  • #739,840
  • Edited 5:34am Apr 7, 2023 5:09am | Edited 5:34am
Quoting LifeRider
Is that last 1hr high what needs to be broken to start looking for longs? {image}

D1 LH,LL entry on 4H is the ideal and hold to swing end, however longs could also be taken on any LH,LL dips on H4 from H1 ,once H4 has moved into a new upswing.

Confirmation for entry is the tricky part
Follow The Markets Structure - Patience and Discipline
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