Cable Update (GBPUSD)

Quoting Surya108

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{quote} thank you for giving your opinion your opinion means a lot to me it can probably go down as it is also making a descend triangle in weekly thank you for giving another trade proespective but i will be up on usd until it crosses the PREVIOUS monthly low because (correct me if wrong) bullish engulfing in monthly retesting at the ob ( i pesonally like this setup) but yeah, if it shows some downward formation formation will steal your chart view again thanks a lot

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Quoting Cgpips

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FYI GU Weekly chart I think 1.24500 ~ 1.34800 is practical price area. {image} It's not an easy cake, I feel it's more challenging to trade GU lately, SWINGS with many "m" embedded in "W", fake out , seller/buyer traps, 2-way spikes , brokers' predatory pricing , they widen spreads as many as they want to trigger the right now unwanted pending orders that make me bear more loss, even the market price is still far not touch there. If they don't do this, I was going to take profit in the next second. So that's my lesson to modify my strategy,...

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Quoting Ferna

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{quote} Which brokers?

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Quoting Bella.al

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Hello, So, it is Saturday morning i just got back on my PC and will start working on Bella's GMT Switch (beta v1.6 ) targeting beta v2.0 ( name will change in the future ) where all development should be completed and i have some thing what Mr. Van Tharp would say A Forex Trading System. Unfortunately like in School Mr.Van Tharp didn't give examples about complete systems so i have to use my imaginations & concepts learned from the other books i posted to come up with working trading system. I wanted to check also weekly chart of GBPUSD to see how...

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Quoting Kimmymore

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{quote} Bro. You should use FIBO LEVEL. R & S : You're very tired to buy or sell. Example : Fibo 100 & Fibo 400 Level. {image} {image}

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Quoting SFundamental

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{quote} Liquidity in the strictest sense of the word- means the number of limit orders each side of the bid offer spread. If there is a lot - this means its a thick market (and vice versa) for thin. Thick markets would be something like bonds (typically the 10 year note) and the Euro - Thin ones are things like - Oil and Gold and EM currencies. Also the bid/offer spread are a lot wider in thin markets. The further away you go from the bid/offer the lower the number of limit orders- until there is none. However, sometimes people will put limit orders...

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Quoting Alevsky017

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Thats what i see so far, on the daily TF we have a rising wedge pattern, but we are a little bit above, so may its a fakeout to stop out the last sell orders! The green block is the last daily HH. In my opinion price should retrace to this area before a new upmove ~1.264 Also the price is on a daily resistance right now Cheers, Andi {image}

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Quoting Bones

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Given the previous failed monthly, I think this last monthly won't break {image}

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Quoting Wavegarrick

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{quote} It has been a long journey for me since Sept/Oct 2022 and I have posted each trade here as I have gone along..The hard part is that long term trading has been a new discovery for me and I have gone through it. I am at a position to close some now. It is not something for any trader and needs experimenting. 22000 thousand pips is enough for me since Sept so I will close some. After all I need to pluck the rewards, My yearly medium res 1 at 1.2920 looks a decent target and more so 1.3000 Adios and take care. Cheers. {image}

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Quoting Cgpips

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{quote} big brokers, all brokers MM/ECN/DMA/STP/FCA、ASIC、CySEC regulated will do this I think. They all say it's common slippage. but they don't answer right with my doubts and proofs. I've tried 9 different brokers, 5 of them had this issue happen. I don't want to waste time fighting with this, so I have to enhance my risk management, that's all.

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Quoting mysterio

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{quote} Correct answer This is a visualisation of G/U liquidity when we were down at 1.24 earlier in June Rare to see this amount of passive orders in the market except at reversal zones {image}

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Quoting Black-Star

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{quote} The minor rally which began 2 weeks ago by the bulls seems to be near completion and I think this coming week the Bears may take control of the market. My view is that the bulls may push price slightly to the upside one more time to around 1,2600/2625, then probably the Bears will take control and begin the decline to the 1,2300 area. If price closes above 1,2680 then the pattern may be considered invalid. Let's see how the market unfolds Charts: D1, H4, H1 {image} {image} {image}

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Quoting Tpttonly

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{quote} That Is A Good Analysis Before Any Up Move Hahaaa Even I am looking for an upmove But Only After Sell TPD Hahaaa

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Quoting Ferna

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{quote} Its good if they get called out. If you read reminiscencds of a stock operator you realize this been going on for a long time. And the best way to fight it is to benefit the brokers that have a good track record and isolate those who have ”difficulties”. Like Elon Musk said, we are in a digital town square and information has to be shared instead of doing them a favour and normalize it by saying ”everyone does it”. Time is money and u can earn both with cooperation For example in my country we have an retail broker called ”Avanza”...

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Quoting MIKKI

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Need some serious advice from my buddies on the forum I have got 3, shorts from Friday desperately need to get out of them my assumption for Monday if guru closes Monday evening when New York ends the session below 28 Tuesday could see a Guru draw down 2670 level that's my break even or will we se 2570 during the week that's were I definitely need to get out .As I don't se dropping further below 25 I'm talking about this week thank you in advance.

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Quoting Ferna

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{quote} Its good if they get called out. If you read reminiscencds of a stock operator you realize this been going on for a long time. And the best way to fight it is to benefit the brokers that have a good track record and isolate those who have ”difficulties”. Like Elon Musk said, we are in a digital town square and information has to be shared instead of doing them a favour and normalize it by saying ”everyone does it”. Time is money and u can earn both with cooperation For example in my country we have an retail broker called ”Avanza”...

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Quoting Alevsky017

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{quote} whats your problem man, i dont asked you for any opinion... When you dont ok with my move thoughts you can just ignore it

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