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Cable Update (GBPUSD)

  • #751,961
  • Jun 15, 2023 2:20am Jun 15, 2023 2:20am
Quoting Moty
Come on !!!! {image} {image}
Don't worry, if you could survive the rally, better days are ahead.
  • #751,962
  • Jun 15, 2023 2:20am Jun 15, 2023 2:20am
I think Ill just be selling this on the steps down today
  • #751,963
  • Jun 15, 2023 2:21am Jun 15, 2023 2:21am
Quoting mysterio
my chart 1.2591 is weekly point of control within h1 demand well worth watching for potential bounce, if it doesnt hold then dxy could have bottomed already eventually looking for a gap fill on dollar at 104ish {image}
if we dont test below 1.26 and just head up, then looking for sells above 1.27
  • #751,964
  • Jun 15, 2023 2:21am Jun 15, 2023 2:21am
in long for the hour but ready to short
You have an IQ lower than 90 if you interact with this user.
  • #751,965
  • Jun 15, 2023 2:23am Jun 15, 2023 2:23am
Quoting Pat Chiko
{quote} QM/QML They are the same. QM is the act itself QML is the level mostly after the inducement of EQH/EQL level where LQ resides. But, prior to QM to happen, we must have the DP ( decision point) where price decide to shift from the current trend ( MSS and or BOS) LH/LL formation. Good example of this is GOLD. Chart below.{image}
Jesus! You hit Gold with 3 lots too?
Wow!
I need your house address
You're always an inspiration man...welldone
  • #751,966
  • Jun 15, 2023 2:26am Jun 15, 2023 2:26am
Daily chart H&S , or double top.
Expecting bears to step in today for 100 pips lower. Price still has to make 61.8% Fib weekly around 1.2760..
US economy under control with positive outlook.

Gold made a break down attempt.

Good luck traders!
  • #751,967
  • Jun 15, 2023 2:36am Jun 15, 2023 2:36am
Quoting Bella.al
Current Rate : 1.26355 Today i have on my chart Fibonacci Tool. I am not a pro ( trading just under 1 year ). How ever my friends think i really look cool when i use the Fibonacci tool. I have marked some important support areas on the chart which i am looking into when my trading time : 17:56 PM GMT Arrive. Today is Thursday = Bella's God of Thunder Day . Fibonacci Chart. {image} Bella's GMT Switch v1.5 {image}

Current Rate : 1.26474

Today, is the last day of trading until next week. Current updates done to GMT Switch now at v1.5 allows trading 3 Days of the week.

Tuesday = Bella's God of War
Wednesday = Bella's God of Wisdom
Thursday = Bella's God of Thunder.
GMT Trading Time = 14:56PM respectively

Bella's Blue Journal (June) = (-65) Pips .. ( i know i need to recover this )

I am hoping today's trade will be a winner!,
(note) according to my fib chart in previous post i am looking for support areas but the time is not up!.

Bella's GMT Switch v1.5
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Goddess of Thunder..
  • #751,968
  • Jun 15, 2023 2:39am Jun 15, 2023 2:39am
...There is a repeating pattern of bullish hidden div on 1hr at the asian/current dly lo but it may develop further on any deeper p/back so long as above 2600.
Prev minor 4hr/1hr sw lo zone down to that p/back lo @ 2626 y/day has held twice as supp (1st time @ that asian lo), on 1hr, when tested.

1hr below

...dly part of that prev dly/wkly/4hr sw hi zone acted as rbs at y/day's 2626 p/back lo - right at bottom of that prev res zone that became rbs. Can the bulls build on it?

dly below
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Trader with an Edge.
  • #751,969
  • Jun 15, 2023 2:58am Jun 15, 2023 2:58am
Quoting Pat Chiko
{quote} QM/QML They are the same. QM is the act itself QML is the level mostly after the inducement of EQH/EQL level where LQ resides. But, prior to QM to happen, we must have the DP ( decision point) where price decide to shift from the current trend ( MSS and or BOS) LH/LL formation. Good example of this is GOLD. Chart below.{image}
Something like this bro?
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Trying to absorb what you said.

Thanks for the explanation bro.
Those fake gurus out there charging $200-$400 monthly subscription and people paying them to listen to their BS.
How much you are charging for your quality and real time trading explanation?
More time in the market, does not mean you trade better!
  • #751,970
  • Jun 15, 2023 3:08am Jun 15, 2023 3:08am
Quoting Pat Chiko
{quote} Don't care about good or bad. I need healthy discussion and engagement with fellow traders {quote} All position closed ,as I need the money to put somewhre else. Since you didn't put any chart, I put up mine with thought process. Now, Let me hear your opinion , view on this. At least some ideas to begin with. {image}
GU
The mind game

To anticipate the market maker's manipulative moves to take out retail traders, we need to think like them.

Market makers require liquidity when they want to buy or sell.
They trade at a premium when selling and at a discount when buying.
By at the current chart, we can identify where we are in the cycle from the market maker's perspective.
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At the moment, the GU seems to be in a bullish mode, making higher highs and higher lows.
It has not broken any support structure to the downside.

Hence, market makers will anticipate retail traders to buy this setup at the current price.
They will induce retail traders to open long trades with the intention of getting them stopped out once they push the price below their stop loss level.

Some retail traders may go short, and market makers will quickly reverse all the trades by buying at a discounted price, stopping long-position traders and taking out short traders by surprise.

This is just my thinking, and it is a newbie assumption until proven otherwise.
Therefore, I recommend stepping aside for the moment and waiting for the market manipulation to play out.

Trade Safe and green pips to all.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #751,971
  • Edited 3:19am Jun 15, 2023 3:08am | Edited 3:19am
... Into the traditionally lower volume summer mths now in the main trading zones. Y/day's Fed pause was still hawkish and Fed's Fomc still 'flexible' and data led re any further tightening. Uk Chancellor Hunt has already said inflation is the no.1 priority even if a recession results, and Boe Mpc likely to raise rates again at next meet? Ecb likely to raise rates today and U.s retail sales etc data later.
--------------------------------------------------------------------------------

Quoting Pat Chiko
{quote} GU The mind game To anticipate the market maker's manipulative moves to take out retail traders, we need to think like them. Market makers require liquidity when they want to buy or sell. They trade at a premium when selling and at a discount when buying. By at the current chart, we can identify where we are in the cycle from the market maker's perspective.{image} At the moment, the GU seems to be in a bullish mode, making higher highs and higher lows. It has not broken any support structure to the downside. Hence, market makers will anticipate...
Hi, The scenario you describe is very plausible and we have seen it countless times before. Whether it will play out on this particular question we won't know until it has or hasn't lol.
Trader with an Edge.
  • #751,972
  • Jun 15, 2023 3:20am Jun 15, 2023 3:20am
Going to sell around 1.26677 - bl**dy tired today so I don't think Ill be taking much risk; my fatigued decision making is always questionable.
  • #751,973
  • Jun 15, 2023 3:20am Jun 15, 2023 3:20am
Long 12655, SL 12645, TP open.
  • #751,974
  • Jun 15, 2023 3:29am Jun 15, 2023 3:29am
Quoting Pat Chiko
{quote} GU The mind game.
Agree more less, same view different color.
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The scent of a rose will always stay on the hand of the giver.
  • #751,975
  • Jun 15, 2023 3:33am Jun 15, 2023 3:33am
Quoting Pat Chiko
{quote} GU The mind game To anticipate the market maker's manipulative moves to take out retail traders, we need to think like them. Market makers require liquidity when they want to buy or sell. They trade at a premium when selling and at a discount when buying. By at the current chart, we can identify where we are in the cycle from the market maker's perspective.{image} At the moment, the GU seems to be in a bullish mode, making higher highs and higher lows. It has not broken any support structure to the downside. Hence, market makers will anticipate...
So right now is it seeking out some buy side liquidity to move down for sell side liq
Watching & Learning
  • #751,976
  • Jun 15, 2023 3:40am Jun 15, 2023 3:40am
Sold 1.2670 SL 1.2710 TP 1.2615
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #751,977
  • Jun 15, 2023 3:46am Jun 15, 2023 3:46am
... asian hi is current dly hi and is @/around 61.8% of 2700-2626 move y/day.

1hr below
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Trader with an Edge.
  • #751,978
  • Jun 15, 2023 3:49am Jun 15, 2023 3:49am
Quoting Scotteyy
Long 12655, SL 12645, TP open.
TP set at 12730. In my opinion, today we will go to weekly R2 at 12734. Then sell all friday. Trialling walking away from trades a bit today, I've got a strimmer on the way and need to test it out on the garden
  • #751,979
  • Jun 15, 2023 3:57am Jun 15, 2023 3:57am
Quoting Bella.al
Current Rate : 1.26355 Today i have on my chart Fibonacci Tool. I am not a pro ( trading just under 1 year ). How ever my friends think i really look cool when i use the Fibonacci tool. I have marked some important support areas on the chart which i am looking into when my trading time : 14:56 PM GMT Arrive. Today is Thursday = Bella's God of Thunder Day . Fibonacci Chart. {image} Bella's GMT Switch v1.5 {image}
I require a backup plan using the previous chart that has support areas only. The chart below now shows resistance area as well which completes the analysis at my end. There is still about 6 hours before i could enter the market.

Fibonacci Analysis (b)
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Goddess of Thunder..
  • #751,980
  • Jun 15, 2023 3:58am Jun 15, 2023 3:58am
Quoting Pat Chiko
{quote} GU The mind game To anticipate the market maker's manipulative moves to take out retail traders, we need to think like them. Market makers require liquidity when they want to buy or sell. They trade at a premium when selling and at a discount when buying. By at the current chart, we can identify where we are in the cycle from the market maker's perspective.{image} At the moment, the GU seems to be in a bullish mode, making higher highs and higher lows. It has not broken any support structure to the downside. Hence, market makers will anticipate...
Quoting dazw6000
{quote} So right now is it seeking out some buy side liquidity to move down for sell side liq
GU

The process we're discussing is known as analyzing price action based on support and resistance zones.
It's not merely a prediction, but rather an analysis and interpretation of the current price and its behavior.

By taking into consideration the market's structure and fractals, how one analyzes the market can be subjective but can also be objective as long as they adhere to the price structure.

I refrain from guessing or predicting what the price may or may not do.
My analysis is solely based on Price Action Trading (aka PAT).
If the price doesn't align with my analysis, I will go back to the drawing board and start over again until I am confident in the most convincing setup to rely on.

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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