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Cable Update (GBPUSD)

  • #760,801
  • Jul 25, 2023 2:48am Jul 25, 2023 2:48am
Quoting TheWraith
{quote} Pretty normal week for you ha? You're mad genius.
no he has usually blown his acct by now
  • #760,802
  • Jul 25, 2023 2:54am Jul 25, 2023 2:54am
Quoting Ferna
{quote} Always wondered if there is more than one speed when it comes to fiber optics. It suggests they are regulating speed of light somehow
I had fiber optic internet and cancelled the service because the provider was throttling individual devices through the modem! I even tried pushing all the traffic through my own router which is how I was able to identify the throttling!
  • #760,803
  • Jul 25, 2023 2:58am Jul 25, 2023 2:58am
Quoting pipfarm
GBPUSD 4H is above D1 but D1 is below W1 This could be the beginning of the continuation of D1 long back with the weekly but H4 would need to trend up , currently only one H4 swing up. Alternatively H4 moved above D1 and if this is corrective the current move up could just be the FVG fill then a break down of 2797.8 would confirm the continuation of D1 down swing, there is not a lot of momentum behind the current H1 swing and it does look like a correction from 15 min 3-3-3 at the moment so if we see a small swing 5 or a failure it could drop sharply...
I stopped looking at H4 because it's always counter to the Daily and lower TF's and just messes with the timing of trades and the true direction. When Hourly starts aligning with Daily that is it. Waiting for all TF's to aligning will take forever.

It's true however that once H4 starts aligning with H1 and Daily that trade is almost 1/1. Weekly is good if R or S is someone near the price, otherwise useless.
  • #760,804
  • Jul 25, 2023 2:58am Jul 25, 2023 2:58am
Quoting Moty
after being in a 180 $ floating loss i see myself ending with profit today {image} {image}
good job bro, you are the best
  • #760,805
  • Jul 25, 2023 2:59am Jul 25, 2023 2:59am
News for Germany (EUR) might give some fuel to GBP/USD also.
  • #760,806
  • Jul 25, 2023 3:01am Jul 25, 2023 3:01am
Quoting pipfarm
{quote} EURUSD stands exactly as i have written above for GU except a break of 1.10599 would confirm the D1 downswing continuation. The correction on EU looks like an irregular flat 3-3-5 with 5 waves complete in the third so could be coming down any time.
EURUSD coming down with a lot of momentum behind it
Follow The Markets Structure - Patience and Discipline
  • #760,807
  • Jul 25, 2023 3:01am Jul 25, 2023 3:01am
Quoting Pat Chiko
{quote} I was like....................{image} When I asked a pic (short form) meant chart or some drawing for me to look at , enable to teach her.......... Her mind is somewhere else....
hahaha,

I do not have a chart, but here is an imperfect scenario in an economic cycle

expansion, peak, contraction and trough, what are the key metrics to watch out for that have considerable impact on the forex market mostly in yearly quartiles
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  • #760,808
  • Jul 25, 2023 3:03am Jul 25, 2023 3:03am
Long 1.2847
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #760,809
  • Jul 25, 2023 3:04am Jul 25, 2023 3:04am
Quoting TheWraith
{quote} I stopped looking at H4 because it's always counter to the Daily and lower TF's and just messes with the timing of trades and the true direction. When Hourly starts aligning with Daily that is it. Waiting for all TF's to aligning will take forever. It's true however that once H4 starts aligning with H1 and Daily that trade is almost 1/1. Weekly is good if R or S is someone near the price, otherwise useless.
I am looking at H4 because when H4 moves into D1 it can signify a larger correction within D1 and using H1 swings to confirm with a down trend continuation
Follow The Markets Structure - Patience and Discipline
  • #760,810
  • Jul 25, 2023 3:04am Jul 25, 2023 3:04am
Wickless Hourly candle on EUR/USD suggests it will go up to form the wick before going anywhere first. Pound should go up for the day in my opinion.
  • #760,811
  • Jul 25, 2023 3:11am Jul 25, 2023 3:11am
If we are correct on the analysis GU an EU are moving into swing 3 of D1 and we might see some heavy down side moves but bear in mind if D1 swing down is corrective as it is moving against W1 , the swing 3s might be short.
Follow The Markets Structure - Patience and Discipline
  • #760,812
  • Jul 25, 2023 3:13am Jul 25, 2023 3:13am
Quoting T721
{quote} Yeah it is a bit of a snail but even if it goes against you the ADR is small so you wont be upside down too much. Its actually a really good pair for newbies to learn on imo and you dont need to watch it as much as the bigger pairs
https://assets.faireconomy.media/nfs...r223644_52.gif Jolita, Hi Joilta -- EG Update. We might hit 1st LQ zone today. If you are happy with the money Bank all or Cover half and sleep on rest but lock in 35pips
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  • #760,813
  • Jul 25, 2023 3:14am Jul 25, 2023 3:14am
There actually is a wick on Hourly candle. Ups! It's just tiny.

Credit standards tightened suggesting banks are preparing for the worst (recession). I got sick waiting for this inevitable crisis already. They had to attract people buying stocks again I guess to drop the roof on them.
  • #760,814
  • Jul 25, 2023 3:19am Jul 25, 2023 3:19am
Quoting Moty
after being in a 180 $ floating loss i see myself ending with profit today {image} {image}
But Still there power down.
Wish you luck
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #760,815
  • Jul 25, 2023 3:20am Jul 25, 2023 3:20am
Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #760,816
  • Jul 25, 2023 3:22am Jul 25, 2023 3:22am
German Ifo Business Climate Index well in the lows of 2008. crisis.

I can't believe this might be the first time we should have actually listened to what Fed was saying all along. They said rates are going up higher for longer and that recession will come later this year and this is highly probably also correct by Fed. Listen to the Fed I guess. My bet is September!

Gold falling down in price which might provide us with the last chance of buying it before it skyrockets.

NFP and CPI extremely crucial in August and September. Either CPI is going below 2% or it will bounce from this 3%.
  • #760,817
  • Jul 25, 2023 3:45am Jul 25, 2023 3:45am
As said before ultimate R lies on Monthly chart @ 1.33 and this is highly likely the top for this pair for quite some time to come.

We are close and the closer we get more careful we should be about sudden drops down and downtrend continuation on Monthly.

I believe this is also the price on the high end of the trend line Jolita has posted a few days ago.
  • #760,818
  • Jul 25, 2023 3:51am Jul 25, 2023 3:51am
Quoting T721
{quote} {image} Jolita, Hi Joilta -- EG Update. We might hit 1st LQ zone today. If you are happy with the money Bank all or Cover half and sleep on rest but lock in 35pips {image}
Hi T, nice move today, closed this trade just now. Monthly candle formation - outside bar, we are at daily Donchian middle, good to tp, next move could be eighter down 85 or up 87, more likely up, just a guess.
I will jump to AU for now, IG trade of the week.

Thanks for nice pips
  • #760,819
  • Edited 5:15am Jul 25, 2023 3:58am | Edited 5:15am
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Small test
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #760,820
  • Jul 25, 2023 3:59am Jul 25, 2023 3:59am
Quoting Jolita
{quote} Hi T, nice move today, closed this trade just now. Monthly candle formation - outside bar, we are at daily Donchian middle, good to tp, next move could be eighter down 85 or up 87, more likely up, just a guess. I will jump to AU for now, IG trade of the week. Thanks for nice pips
Thanks Jolita, gonna keep an eye on it today. Thanks for Donchian analysis
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