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Cable Update (GBP/USD) without Idiots 23 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

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Relax, focus and trade what you see. Copyright
Quoting eyefeelsix
{quote} failure crab, I took long for corrections {image}
there is bullish baby shark / chyper dududu .... but betterr waiting for the mother


*** bagus ya dashboard buatan anak negeri
not euphoria follower
Quoting mysterio
{quote} whereabouts ? i see that accumulation zone 1.2357-77 going to have trouble breaking that but we'll see what happens it's technically supply unless this was just a liquidity move below the daily lows edit-that will do, secured profits (im a scalper, said to myself i was gonna hold til 1.2480 but who am i kidding) {image}

It broke it just like i said mysterio!!!
The bulls are finnly here
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Quoting Moty
The bulls are finnly here {image}


Moty, Moty , moty!!!
Liquidity level to the upside is 1.23880 area
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Quoting Moty
Liquidity level to the upside is 1.23880 area {image}

i have liquidity at the 1.2378 area?????
Moty, where are you????
Quoting MrFanciful
{quote} There isn't ever going to be a pull back. Nothing but bull candles on the DXY from now on.


Hello MrFanciful, greeting to you.

You observe, price never moves in a straight line, so on every impulse wave you will have corrective waves, you measure the force, you observe and assess if your analysis is still valid

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Sometimes we do chicken out and pull out, but we have to be constantly perform objective market analysis.

What happens if we were wrong?
Do we just put a stop loss and bite the bullet?
or do we average down close to market to get out b/e at a corrective wave?
Do we hold for price to come back?

It will all depend on what is going on in the market.

Now some selling pressure is evident. (on Dollar index, oppossite on GU)
Looking at other time frames or reference points in your chart, you notice that price is no longer going up. and what goes up MUST come down,
the problem is :
How far?
When will it resume going up?
What if it continues further up before it comes down?
Pull back. How far is a pull back?
I dont know!
I like to see an extreme on next S&R zone; but as long as the price is somewhere near or on one of the S&R, then that's sufficient.

All traders have their own "specific rules" but they also have something in common, that is, the attempt to get into a trade, during a pull back, in order to catch the immediate resumption of the impulse wave or trend.

Therefore I think the pull back will test this S&R and/or trendline and then resume upward movement which should be the length of the flag.

On the test, and move back up, I will load the boat!!!

Best Wishes

PAT
I come from the future.
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Relax, focus and trade what you see. Copyright
Quoting ninner
{quote} It broke it just like i said mysterio!!!
i have up on my buy yesterday, was actually cause someone posted an hourly descending channel, those have a nasty habit of having the bottom side blown out

today i just missed a short signal, we are on h4 demand, cant write off bears obviously

if i'm gonna buy i'll wait for asia low to go as usual
Quoting Pat Chiko
GU I "think" if got "luck", I "guess" price will do this tomorrow. If not happen, I stay low............. {image}

GU
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Where to and how far of pullback for Liqiudity ? Is this going to be minor pull back or reversal.
(Let me hear you view.... I want to learn something new today)

We're basically looking to identify a level where we can enter the market at an extreme pull-back point following a momentum push.

We'll identify these extreme pull-backs on the H4/H1 chart which gives us a better chance to avoid getting stopped on a retracement AND which also gives us an excellent potential R Factor for our trades.
These are basically momentum retracement trades.
I come from the future.
Quoting mysterio
{quote} i have up on my buy yesterday, was actually cause someone posted an hourly descending channel, those have a nasty habit of having the bottom side blown out today i just missed a short signal, we are on h4 demand, cant write off bears obviously if i'm gonna buy i'll wait for asia low to go as usual
however, its in a clear downtrend....where will the whales and the "chiko's and Moty's" take it....we shall see!!! LOL
all closed... in 8 minutes
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Relax, focus and trade what you see. Copyright
Quoting tradexyz
all closed...4465512
The last i open chart was 10 pips plus on my OP, now down to zero again
i dont want to open MT4 for several hours again if i can
-$3500,25/05/23 -$2905, 30/05/23 -$2097 31/05/23 -$1768
MC Master All Time Profit: -$1,629
Use the next resistance to manage your trade.
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Whatever it takes…
1.24000 today?
Consistency.
Quoting Pat Chiko
{quote} GU {image} Where to and how far of pullback for Liqiudity ? Is this going to be minor pull back or reversal. (Let me hear you view.... I want to learn something new today) We're basically looking to identify a level where we can enter the market at an extreme pull-back point following a momentum push. We'll identify these extreme pull-backs on the H4/H1 chart which gives us a better chance to avoid getting stopped on a retracement AND which also gives us an excellent potential R Factor for our trades. These are basically momentum...
GU

Need to TP to buy lunch. Haven't eaten the whole day.
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I come from the future.
G/M, another bearish day y/day with the lo south of the 38.2% 1802-2679 and into dly part of that prev 4hr/dly sw lo zone that extends down to 2274, = prev supp = pot supp, where demand was encountered. 2 tests of that and the resultant prev 1hr/4hr sw lo zone that developed there, (one @ the asian/current dly lo,) and up. Now testing a prev 30min sw hi zone, = prev res = pot res

1hr below
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting Pat Chiko
{quote} GU Need to TP to buy lunch. Haven't eaten the whole day.{image}
damit with that partial TP i have an urge to cut halfway .
Will have to reasses later for an OP
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Now this signal even doesnt dare to continue and closing his with +4 only
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One can't easyly follow you PAT, as you are POOR guy ,
-$3500,25/05/23 -$2905, 30/05/23 -$2097 31/05/23 -$1768
MC Master All Time Profit: -$1,629
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