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Cable Update (GBPUSD)

  • #754,801
  • Jun 29, 2023 2:27am Jun 29, 2023 2:27am
Quoting pipfarm
{quote} Gold looks like the same set up as GU
USDCAD

same as GU but to drop

H1 has one leg down and three up being the B which has extended above the first leg down suggesting an irregular correction so a move to the downside for the C leg

GU , GOLD AND USDCAD are not the type of trades i take but interesting to follow for me.
Follow The Markets Structure - Patience and Discipline
  • #754,802
  • Jun 29, 2023 2:30am Jun 29, 2023 2:30am
Now long stop 1.26288
Tp 1.27160
My telegram: https://t.me/avidforex
  • #754,803
  • Jun 29, 2023 2:31am Jun 29, 2023 2:31am
Quoting pipfarm
{quote} USDCAD same as GU but to drop H1 has one leg down and three up being the B which has extended above the first leg down suggesting an irregular correction so a move to the downside for the C leg GU , GOLD AND USDCAD are not the type of trades i take but interesting to follow for me.

Could possibly add USDJPY to the list , one leg down three up on H1 so possible reversal to the short side
Follow The Markets Structure - Patience and Discipline
  • #754,804
  • Jun 29, 2023 2:35am Jun 29, 2023 2:35am
Dxy.. I like the progress on h1..
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  • #754,805
  • Jun 29, 2023 2:37am Jun 29, 2023 2:37am
... the dip down from the last 2653 p/back hi y/day to the Asian lo/current dly lo found support @ top of the 4hr part of the prev 1hr/4hr sw lo zone that extends to y/day's 2606 lo/ a 4hr asc t/line. I had o/s to 4hr (just on that t/f) @ y/day's/current 2606 wkly lo. Could see some dly bullish hidden div develop on any deeper drop. Wkly t/f is in an uptrend.

4hr below
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Trader with an Edge.
  • #754,806
  • Jun 29, 2023 2:42am Jun 29, 2023 2:42am
Minor stealth intervention by Japan? It's not 100 pips as before, but 50 it is.
Sell Stop Orders in place.

Had I not removed my Short Orders when intervention occured last year, I would have made 100% of the account in a span of few days.
  • #754,807
  • Jun 29, 2023 2:43am Jun 29, 2023 2:43am
Quoting pipfarm
{quote} Gold looks like the same set up as GU
It seems that I have always been using your multi time frame approach all along as a safety for not entering trades at the wrong time. Never labelled it before.
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  • #754,808
  • Jun 29, 2023 2:45am Jun 29, 2023 2:45am
Quoting Whale
Dxy.. I like the progress on h1.. {image}
Fundamentals for DXY are very bullish right now, and the principle of the game says fundamentals takes lead
  • #754,809
  • Jun 29, 2023 2:46am Jun 29, 2023 2:46am
Quoting Bella.al
{quote} To revise my situation , i am currently having a bad month -101 pips due to some errors in the program and trading while the system is still in development. i don't have anything against it , draw down can happen without any errors or development , Question is how bad it is. ( which is not bad ) . I only trade the GBPUSD. ( current beta version v1.6 c - target is beta v.2.0 where system is ready to trade ) Now, this is the last trade of the month (revising the order) and i hope this will decrease some draw down before it ends. Running position...

Bulls you shall not pass Bella's Resistance : 1.26659

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Goddess of Thunder..
  • #754,810
  • Jun 29, 2023 2:46am Jun 29, 2023 2:46am
Quoting dele5000
{quote} Fundamentals for DXY are very bullish right now, and the principle of the game says fundamentals takes lead
explain me the current fundamentals status
  • #754,811
  • Edited 5:41am Jun 29, 2023 2:56am | Edited 5:41am
Have put sell limit at 1.26499, no SL, no TP

added 2nd sell at 1.26618
  • #754,812
  • Jun 29, 2023 3:04am Jun 29, 2023 3:04am
Checking pa, correction targets goes 2653/63 plus and failure will at signal 2635 breaks down. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #754,813
  • Jun 29, 2023 3:04am Jun 29, 2023 3:04am
Quoting TheWraith
Minor stealth intervention by Japan? It's not 100 pips as before, but 50 it is. Sell Stop Orders in place. Had I not removed my Short Orders when intervention occured last year, I would have made 100% of the account in a span of few days.
On the first intervention, i have planned it all very well but little i know it was the actual intervention. Placed my all TP at 70pips out of a ~700pips move.
On the 2 second intervention got ~250pips, did not placed all tp at the same place, let some of them open. Could have made more, but was too eager to TP =failed trade management

Lesson learned for the rest of my trading career.
More time in the market, does not mean you trade better!
  • #754,814
  • Jun 29, 2023 3:05am Jun 29, 2023 3:05am
Quoting dantpm
{quote} Pretty sure Bella is a she but hey I could be wrong.
Pretty sure whatever she is, it's pretty cringe with her third-person naming. Just stop and post normal analysis like everybody else.
  • #754,815
  • Jun 29, 2023 3:08am Jun 29, 2023 3:08am
Price will trade into the Large 4H imbalance and come back before finding a proper reversal
My telegram: https://t.me/avidforex
  • #754,816
  • Edited 3:25am Jun 29, 2023 3:13am | Edited 3:25am
Quoting Fardeen1209
{quote} On the first intervention, i have planned it all very well but little i know it was the actual intervention. Placed my all TP at 70pips out of a ~700pips move. On the 2 second intervention got ~250pips, did not placed all tp at the same place, let some of them open. Could have made more, but was too eager to TP =failed trade management Lesson learned for the rest of my trading career.
There is more to come possible 142.70 at least usdjpy

eurjpy and gbpjpy shorts

Having said that trading these corrections are not my speciality , waiting for timeframes to align as i know the trades will be High probability
Follow The Markets Structure - Patience and Discipline
  • #754,817
  • Jun 29, 2023 3:30am Jun 29, 2023 3:30am
...you could make an argument that 1hr bearish hidden div has developed, but of course it could develop further on any deeper p/back re y/day's fall - so long as price under 2759. 1st Asian hi b/o runs into a prev 1hr/minor 4hr sw hi zone = prev res = pot res. How strong are the bulls now?

1hr below
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Trader with an Edge.
  • #754,818
  • Jun 29, 2023 3:36am Jun 29, 2023 3:36am
Quoting Fardeen1209
{quote} From what I've read, is the new money(CBDCs) is an additional money but not a substitute. This could be seen as a new form of injection (money supply) in terms of CBDCs. The existing money need to be injected by bond issuance. Idk how exactly CBs will issue the new CBDCs,like with what it will be backed. Might depreciate the currency value on external market.
i hear you havent been in politics. We do stuff gradually since it been proven by science not to upset the population and cause resistance. How can it be ”additional money” or ”injection of money” to increase the money supply? This is exactly why there are inflation in the first place - cause of massive quantative easing(QE). Why would anyone like to further inflation by increasing the money supply, it doesn’t make sense for a central banker. Their goal is to decrease the money supply not increase it, so ”injection of money” is in direct conflict with their goals.

Technically it is programmable money. So basically if A happens B happens, or if C happens it might cancel A, B and lead to D.
Say for example you book a flight and pay for it(A) and the flight cancels, this will trigger a search on database(event B), and if cancel flight = true(B) it will lead to event C which will pay you back the money instantly without a phone call or delay, which is reimbursement from the company event D. This is an positive example.

But with programming anything is possible. Let’s say you like to eat meat and we don’t like you to do too much of that. We can program a limit of your meat consumption, or have progressive taxes on anything you do that increases your carbon footprint.
Or that you support a group/political party that is in opposition to democracy and the values we stand for, that event can trigger de-activation or depreciation of your coins.

What it is backed by? Most likely the fulfillment of set of events like described above. I will have to read up further on it in the blueprint. But if you are in conflict with any of the conditions your money is not backed up by anything, and since the money is not in a bank nobody will take on your issue. Maybe you can call the central bank?
I dont think it will be backed up by FIAT more than in the transition phase.

did you read up on the blueprint?
You have an IQ lower than 90 if you interact with this user.
  • #754,819
  • Jun 29, 2023 3:40am Jun 29, 2023 3:40am
Quoting Whale
{quote} explain me the current fundamentals status
Just check recent data from US and comments from monetary policy makers
  • #754,820
  • Jun 29, 2023 3:45am Jun 29, 2023 3:45am
Quoting voeltoez
Low Risk.Long 1.2630 sl 1.2600
20 hours and my sl still not touched..
i believe it will go to 1.2750 soon
add long stop @ 1.2650
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