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Cable Update (GBPUSD)

  • #756,521
  • Jul 6, 2023 3:16pm Jul 6, 2023 3:16pm
Update :

There was no trade using Bella's Date Forecasting today , so i spent my time completing the Bella's Fair Value Analysis which has to do with Pivot Points.

Moving on , the Bella's GBPUSD Road Map shows we are still inside the same trading range were 1.27130 is Major Pivot and 1.27690 is the top of the Current Range. Once we are out of the range there should be new Road Map.

Bella's Blue ( Beta v1,7 )
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Goddess of Thunder..
  • #756,522
  • Jul 6, 2023 3:44pm Jul 6, 2023 3:44pm
Quoting Moty
{quote} Yes yes yes From 140$ floating loss to a profit {image}
Wow...that's a great testimony
  • #756,523
  • Jul 6, 2023 4:25pm Jul 6, 2023 4:25pm
Quoting Scotteyy
{quote} Im swing trading primarily, I'm targeting 1.30+. I dont mind a bit of range its the long term direction im interested in.

Probably going alot higher than that !!!
  • #756,524
  • Jul 6, 2023 4:36pm Jul 6, 2023 4:36pm
Today ( friday ) is selling day guys..in NY session.

Until NY session...buy is prefered.
Intraday only.
  • #756,525
  • Jul 6, 2023 4:50pm Jul 6, 2023 4:50pm
Quoting navk
Today ( friday ) is selling day guys..in NY session. Until NY session...buy is prefered.
Selling right away...NY might finish it, as new employment will be most likely much higher than expected again. 2600 on GU would be nice. Bur I am mostly wrong on fridays, so nobody better listens to me.
Everyone can see the chart, but only a few can actually read it.
  • #756,526
  • Jul 6, 2023 4:57pm Jul 6, 2023 4:57pm
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  • #756,527
  • Jul 6, 2023 5:02pm Jul 6, 2023 5:02pm
Quoting OnlineAddict
{quote} Selling right away...NY might finish it, as new employment will be most likely much higher than expected again. 2600 on GU would be nice. Bur I am mostly wrong on fridays, so nobody better listens to me.
I have been watching Friday PA....

If the price wants to go down...will spike in asia and be choppy until NYO
Intraday only.
  • #756,528
  • Jul 6, 2023 5:43pm Jul 6, 2023 5:43pm
I’m still long Tp 1.28077

Between 1.28077 to 1.28441 is my resistance. I’m looking to short but that is only possible if price print the required liquidity candle sticks.
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My telegram: https://t.me/avidforex
  • #756,529
  • Jul 6, 2023 6:28pm Jul 6, 2023 6:28pm
Quoting OnlineAddict
{quote} Selling right away...NY might finish it, as new employment will be most likely much higher than expected again. 2600 on GU would be nice. Bur I am mostly wrong on fridays, so nobody better listens to me.
Compulsions can be hard to resist
  • #756,530
  • Edited 9:41pm Jul 6, 2023 6:40pm | Edited 9:41pm
thoughts swell of Ainonymous
  • #756,531
  • Jul 6, 2023 8:19pm Jul 6, 2023 8:19pm
I used to think the correlation of pair can be used to determine volume. That’s absolutely wrong.

So you can sell GU and buy EU at the same time.

add one more contract.. I see a sell of later if the candle stick prints right.
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My telegram: https://t.me/avidforex
  • #756,532
  • Jul 6, 2023 8:35pm Jul 6, 2023 8:35pm
it is only through hard work we can achieve a sl of 3 to 5 pips and Tp of 60 pips.

just imagine your strategy having 3 to 5 pips sl. Can you ever have your account blown ?

This is what the present day market require to work perfectly. Because your losses will definitely outnumber your wins. So you will recover with a system like this.
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My telegram: https://t.me/avidforex
  • #756,533
  • Jul 6, 2023 8:58pm Jul 6, 2023 8:58pm
Quoting Ferna
{quote} How u mean ”unstuck” sorry english not my first language.
In that context, I am talking about when a person from the real world comes to the "trading world" and doesn't bring common sense with them, possibly because they believe it's not helpful. So they fall for all kinds of BS etc, allowing others to tell them how to do it..... just as one example. There are "1000 different locations to place an order that can be successful" but the true generic basics always apply. Only people who "believe in" the argument of "opinions vs facts" try to steer people away from applying common sense to the situation. That is why I say unstuck; fantasy work vs truly consistent, long term activity. That is why for me, I give no weight or credence to opinions or facts alone. It is very misleading. Fantasy escape style trading doesn't interest me. But the growing trends in people's lives shows very clearly, that people want to escape rather than face the problems. So it's easy to see when people misuse the sciences and context. So unstuck used in this way, refers to false reality and real reality contrasting instead of them blending and or merging. The problem with these sites is, you cannot tell the difference between real traders vs everyone else unless you have ways of seeing the real world.

Peter
Real Trading is not gambling.
  • #756,534
  • Jul 6, 2023 9:00pm Jul 6, 2023 9:00pm
Quoting BigNumbers
it is only through hard work we can achieve a sl of 3 to 5 pips and Tp of 60 pips. just imagine your strategy having 3 to 5 pips sl. Can you ever have your account blown ? This is what the present day market require to work perfectly. Because your losses will definitely outnumber your wins. So you will recover with a system like this. {image}
you are extremely expert..i cant do that..if i do this maybe..100x hits sl..then 2x TP..overall is BE...lol
  • #756,535
  • Edited 10:23pm Jul 6, 2023 9:42pm | Edited 10:23pm
Quoting BigNumbers
it is only through hard work we can achieve a sl of 3 to 5 pips and Tp of 60 pips. just imagine your strategy having 3 to 5 pips sl. Can you ever have your account blown ? This is what the present day market require to work perfectly. Because your losses will definitely outnumber your wins. So you will recover with a system like this. {image}

100 turn
  • #756,536
  • Jul 6, 2023 9:49pm Jul 6, 2023 9:49pm
Quoting BigNumbers
it is only through hard work we can achieve a sl of 3 to 5 pips and Tp of 60 pips. just imagine your strategy having 3 to 5 pips sl. Can you ever have your account blown ? This is what the present day market require to work perfectly. Because your losses will definitely outnumber your wins. So you will recover with a system like this. {image}
That system is unsustainable!!!
  • #756,537
  • Jul 6, 2023 10:24pm Jul 6, 2023 10:24pm
Today which one will make market react more
NFP or Avg Earnings?
Which one is eyed?
More time in the market, does not mean you trade better!
  • #756,538
  • Jul 6, 2023 10:26pm Jul 6, 2023 10:26pm
NFP Day

GBP/USD has made its classic pre-Nonfarm Payroills clear out as the pair sweeps liquidity on both sides of the bulk of this week's range.
This war dance perform to trap both side before the major event later today.

I'm off for early part of the day/ London session. Will be back to join agian later.
Has to run to attennd to my cousin brother, Chris graduation/convocation today.
I'm proud of my cousin brother who graduated in Corporate Finance Degree.
(Will post some photo later)

Meanwhile, this is what GU has establish so far before NFP later.

Take care and trade well. Save your bullet to trade NFP.
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(I think this one got luck)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #756,539
  • Edited Jul 7, 2023 12:01am Jul 6, 2023 11:13pm | Edited Jul 7, 2023 12:01am
Quoting Fardeen1209
Today which one will make market react more NFP or Avg Earnings? Which one is eyed?
If NFP actually reacts to data, the expectation was set yesterday for a higher employment level so if the level is confirmed or exceeded it would suggest that the economy might be heating up implying that the fed is doing the right thing and might have to raise rates more.
Avg. earnings increasing would suggest more tightening by the fed is in the future.
How it balances the two impacts, anybody's guess. If it actually reacts to the data, anybody's guess.
I suspect that overall we are headed to a lower USD but this might be a speedbump along the route or a move in that direction.
  • #756,540
  • Jul 6, 2023 11:22pm Jul 6, 2023 11:22pm
already short..
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