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Cable Update (GBPUSD)

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  • Post #747,741
  • Quote
  • May 26, 2023 3:33am May 26, 2023 3:33am
  •  tradexyz
  • Joined Nov 2022 | Status: Member | 1,033 Posts | Online Now
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Relax, focus and trade what you see. Copyright
 
 
  • Post #747,742
  • Quote
  • May 26, 2023 3:35am May 26, 2023 3:35am
  •  Georginson
  • Joined Aug 2018 | Status: Concomania | 3,564 Posts
Quoting Georginson
Disliked
Bought 1.2332... Target 1.2362
Ignored
Exited 1.2352... +20 pips... Target taking too long to reach.
 
2
  • Post #747,743
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  • May 26, 2023 3:36am May 26, 2023 3:36am
  •  hoda
  • Joined Feb 2012 | Status: Member | 564 Posts
GU:H4
GU:H1
GU:M1
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Forex is Easy, when you know the secrets....
 
 
  • Post #747,744
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  • May 26, 2023 3:41am May 26, 2023 3:41am
  •  genadi
  • Joined Nov 2020 | Status: Member | 1,788 Posts
Quoting Pat Chiko
Disliked
This news is sending many into depression! {image} Good for germany. When businesses struggle, unemployment rises, and the cost of living shoots up. I don't know what world the people who decide when a recession starts are living in, but if the shoe fits, wear it already.
Ignored
Yes, Sir.
The almighty Europe.

 
 
  • Post #747,745
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  • May 26, 2023 3:43am May 26, 2023 3:43am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie | 13,093 Posts | Online Now
Quoting maxi444
Disliked
{quote} Trading points are the moments when you can sell or buy and win, quite simply. My problem isn't your language, it's your idea of forex.
Ignored
What is sharing trade ideas vs trade signal ?.

I have shared my charts and my analysis of where the price is likely to turn. (not specific point ,but zoning)

Some of my trade ideas and setups were ahead of their time, and each trader will have their own method for entering and exiting trades.
I am not going to dictate the exact price to enter or exit, but I have provided enough information for you to make your own decisions.

I use the support and resistance method, which is a very primitive trading tool.
There is nothing more I can offer to members of this forum. I've put up many charts, many Dollar Index Chart and some Fundamental info. It all up to each individual to read and make their assumption on it.

I have shared enough information for anyone to pick up on trade ideas, but I am not going to hold your hand and show you everything.
Decent and dedicate traders will easily pick up , my trade set up. Unleass one need to be spoon feed. That , I cannot help.
I come from the future.
 
7
  • Post #747,746
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  • May 26, 2023 3:44am May 26, 2023 3:44am
  •  Headland
  • Joined Apr 2020 | Status: trading/posting | 5,273 Posts
...bit of a battle then on 2nd test - deeper into that 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.
 
1
  • Post #747,747
  • Quote
  • May 26, 2023 3:54am May 26, 2023 3:54am
  •  tradexyz
  • Joined Nov 2022 | Status: Member | 1,033 Posts | Online Now
8 pip bars shift 50...
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Relax, focus and trade what you see. Copyright
 
 
  • Post #747,748
  • Quote
  • May 26, 2023 3:55am May 26, 2023 3:55am
  •  BigNumbers
  • Joined Jul 2021 | Status: AGAINST ALL ODDS | 2,127 Posts
UJ
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Whatever it takes…
 
 
  • Post #747,749
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  • May 26, 2023 3:55am May 26, 2023 3:55am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie | 13,093 Posts | Online Now
Quoting Headland
Disliked
{quote} Pat, @ current dly hi price is in a prev 4hr sw lo zone = prev supp = pot sbr that has been once disrespected as sbr, but also in a prev 30min sw hi zone, but overall I wouldn't call it potentially strong res, but anything can happen as we are in a 'general' downtrend on 1hr/4hr and dly will print a 2nd LL @ some point @ y/day's lo or lower. Also, price has good Uk retail sales behind it. See what PA does if reached. It would be the 2nd test of that prev 30min sw hi zone. 4hr below {image}
Ignored
I want to reply earlier.... but was in sticky situation to handle. (embarrassing)

I'm reading on how GBP stretgh overall against few others curreny, such CHF, AUD, CAD

On UK economic growth, it beat the gloomy forecasts.
After high inflation globally, UK CPI inflation falls to 8.7%, going in the right direction.
But, Core inflation is not going down and the UK food costs are troubling.
If they don’t come down we will see more interest rate hikes.

On the news, UK set to have multi-billion-pound Jaguar Land Rover battery plant, creating 9,000 jobs.
Lastly on foot note : Imagine celebrating 8.7% when interest rates are going up again because of it and food inflation is at 19% ?

I need to wait for the current support and resistance levels to be tested before I can understand where the price is headed.
I've been using your marked-up chart along with my own analysis to trade. (This has been going on from the last Century).

You have a good chart that is easy to read.
I hope I do not have to pay any premium or royalty for using your proprietary work for my trading.
I come from the future.
 
6
  • Post #747,750
  • Quote
  • May 26, 2023 3:58am May 26, 2023 3:58am
  •  Headland
  • Joined Apr 2020 | Status: trading/posting | 5,273 Posts
....could see some 1hr bearish hidden div develop on any pop-up higher so long as below 2386. Nearly developed now but not quite.
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
 
4
  • Post #747,751
  • Quote
  • May 26, 2023 3:59am May 26, 2023 3:59am
  •  Moty
  • Joined Dec 2017 | Status: Member | 22,914 Posts | Online Now
The break up of Frankfurt open candle was the key
Now it's sky clear for poundi
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  • Post #747,752
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  • May 26, 2023 4:02am May 26, 2023 4:02am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie | 13,093 Posts | Online Now
Quoting Moty
Disliked
The break up of Frankfurt open candle was the key Now it's sky clear for poundi {image}
Ignored

YES.... Moty.

Put some rocket in your chart,....
I come from the future.
 
2
  • Post #747,753
  • Quote
  • May 26, 2023 4:03am May 26, 2023 4:03am
  •  eyefeelsix
  • Joined Aug 2021 | Status: Jurus Matahari ~ | 890 Posts
Quoting eyefeelsix
Disliked
{quote} failure crab, I took long for corrections {image}
Ignored
sl+ zero risk

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~ Read and Ride
 
1
  • Post #747,754
  • Quote
  • Edited 4:16am May 26, 2023 4:04am | Edited 4:16am
  •  maxi444
  • Joined Jan 2012 | Status: Member | 591 Posts
Quoting Pat Chiko
Disliked
{quote} What is sharing trade ideas vs trade signal ?. I have shared my charts and my analysis of where the price is likely to turn. (not specific point ,but zoning) Some of my trade ideas and setups were ahead of their time, and each trader will have their own method for entering and exiting trades. I am not going to dictate the exact price to enter or exit, but I have provided enough information for you to make your own decisions. I use the support and resistance method, which is a very primitive trading tool. There is nothing more I can offer...
Ignored
I was hoping for an answer with a precise timeline and explanations. For me the first important moment was yesterday at 10.02: resistance 2365, price action 12 pips down, only h4 up, my personal indicator down: 20 pips. I can go on like this all day yesterday. Good luck in Forex!
 
 
  • Post #747,755
  • Quote
  • May 26, 2023 4:04am May 26, 2023 4:04am
  •  Whale
  • Joined Jun 2013 | Status: Underwater | 9,448 Posts
Quoting Whale
Disliked
GM {image}
Ignored
hi , I changed my Tp
decent 1:5
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Inglorious scalper
 
1
  • Post #747,756
  • Quote
  • May 26, 2023 4:04am May 26, 2023 4:04am
  •  Elysion
  • Joined Sep 2022 | Status: Member | 1,160 Posts
Quoting Whale
Disliked
{quote} hi , I changed my Tp {image}
Ignored

1.24 magnet again?
Novice Scalper, lots to learn. 100k goal next!
 
 
  • Post #747,757
  • Quote
  • May 26, 2023 4:05am May 26, 2023 4:05am
  •  BrainBucks
  • Joined Dec 2019 | Status: Member | 489 Posts
Quoting Pat Chiko
Disliked
{quote} YES.... Moty. Put some rocket in your chart,....
Ignored
Which sometimes means it's about time to do the exact opposite!
Some folks here claim that doing the reverse of what he does guarantees short-term profits about 90% of the time
 
3
  • Post #747,758
  • Quote
  • May 26, 2023 4:05am May 26, 2023 4:05am
  •  Headland
  • Joined Apr 2020 | Status: trading/posting | 5,273 Posts
...price pops up higher into apparent 'no-man's land,' -doesn't mean to say there are no imbalances in there just because I/we can't see the 'potential' ones that may exist. Ie price now between that prev 30min sw hi zone, now pot rbs, and the next prev 1hr sw hi zone = pot res.


1hr below
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
 
2
  • Post #747,759
  • Quote
  • May 26, 2023 4:06am May 26, 2023 4:06am
  •  BigNumbers
  • Joined Jul 2021 | Status: AGAINST ALL ODDS | 2,127 Posts
DXY- as prices are crossing the resistance... The dollar becomes weaker and weaker.. So you can use these level to trade the dollar pairs
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Whatever it takes…
 
 
  • Post #747,760
  • Quote
  • May 26, 2023 4:06am May 26, 2023 4:06am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 7,060 Posts
Quoting dantpm
Disliked
The last few days we have seen the USD drop off in Asia and rally for the rest of the day with everything falling in line accordingly. Today the USD is struggling a bit to resume the pattern.
Ignored
let’s hope it stays that way for a bit lol.

feel there is unfinished business between 12650-127 but also between 119 and 120
 
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