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Cable Update (GBPUSD)

  • #767,981
  • Aug 17, 2023 9:21am Aug 17, 2023 9:21am
chinese better turn those machines back on

Inserted Video
short trump and go long the deepstate
  • #767,982
  • Aug 17, 2023 9:25am Aug 17, 2023 9:25am
Quoting Wavegarrick
{quote} GU setting up for buy trades from a 4hr perspective. Cheers. {image}
Quote
My weekly resistance 1 at 1.27824 is a fair target, having said a daily close above 1.28000 could send this pair way higher. Cheers.
My first target at my weekly resistance 1 at 1.27824 met.
I am hoping that we bounce off 1.2750 for another try up with momentum. All buy trades locked at b/even and some.
Cheers.
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Trade to trade another day
  • #767,983
  • Aug 17, 2023 9:39am Aug 17, 2023 9:39am
Long 1.2745 SL 1.2730
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #767,984
  • Aug 17, 2023 9:43am Aug 17, 2023 9:43am
Quoting Yngwie
Long 1.2745 SL 1.2730
Nice
  • #767,985
  • Aug 17, 2023 9:51am Aug 17, 2023 9:51am
to me looks like GU gona continue down to 2740
bounce and keep falling to 2709 and possibly lower if asia dont start dumping again
short trump and go long the deepstate
  • #767,986
  • Aug 17, 2023 9:53am Aug 17, 2023 9:53am
Quoting Wavegarrick
{quote} {quote} My first target at my weekly resistance 1 at 1.27824 met. I am hoping that we bounce off 1.2750 for another try up with momentum. All buy trades locked at b/even and some. Cheers. {image}
Hi Leon, sorry before, but i still remember you'd said that you're aiming to 1.25xxx as the bearish target for this 2nd quarter of the year, so are you change your bias to bullish again? not stay bearish as before?

thanks & regards.
  • #767,987
  • Aug 17, 2023 10:21am Aug 17, 2023 10:21am
Quoting hans91
{quote} Hi Leon, sorry before, but i still remember you'd said that you're aiming to 1.25xxx as the bearish target for this 2nd quarter of the year, so are you change your bias to bullish again? not stay bearish as before? thanks & regards.
1.2565 is the target for this quarter which has 6 weeks left... below 1.2840 points towards 1.2565... 1.2840 is very crucial..
Data + Stat + Risk/Emotions Management
  • #767,988
  • Aug 17, 2023 10:32am Aug 17, 2023 10:32am
Quoting Georginson
{quote} 1.2565 is the target for this quarter which has 6 weeks left... below 1.2840 points towards 1.2565... 1.2840 is very crucial..
if this one is going turning to bullish again, what is the target you expected if this week closing above 1.2840 bro ?shall it fly to 1.33xxx or more?
  • #767,989
  • Aug 17, 2023 10:34am Aug 17, 2023 10:34am
Quoting LifeRider
{quote} Target 1 hit {image}
Entered again at 38.2% pull back

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This is the set of fibs used:
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I have no clue where it's going
  • #767,990
  • Aug 17, 2023 10:36am Aug 17, 2023 10:36am
Seems the top of the day has been seen. Maybe even for the week. Not much in data terms until next week Wednesday
Insane in the Brain..
  • #767,991
  • Aug 17, 2023 10:41am Aug 17, 2023 10:41am
The reaction at the previous resistance.

4 hr
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Intraday only.
  • #767,992
  • Aug 17, 2023 10:44am Aug 17, 2023 10:44am
Quoting hans91
{quote} if this one is going turning to bullish again, what is the target you expected if this week closing above 1.2840 bro ?shall it fly to 1.33xxx or more?
Its a battle between 1.3185 and 1.2565 this Quarter... Above 1.2840 will point at 1.3185, below 1.2565 will point at 1.2565 within 6 weeks.
Data + Stat + Risk/Emotions Management
  • #767,993
  • Aug 17, 2023 10:49am Aug 17, 2023 10:49am
Quoting hans91
{quote} Hi Leon, sorry before, but i still remember you'd said that you're aiming to 1.25xxx as the bearish target for this 2nd quarter of the year, so are you change your bias to bullish again? not stay bearish as before? thanks & regards.
Hi Hans
Firstly, I am no long term guru forecaster. Things change daily, weekly and monthly and I adapt accordingly. So if my perception was 1.25000 then it is because it was my view then. It is all about adjusting.
Secondly, If my outlook is bullish now it is because of a short term uptick in price which could change. It is also no fluke that we are sitting close to 1.2750 at the mid point of the 3rd quarter which was on the 15th of August. Your guess is at good as mine. We either go to 1.30000 or 1.25000 to end the third quarter.
Thirdly, I have no bias. It is a very dangerous thing in trading. If a trader learns to adapt with changing conditions it is a very good step in the right direction.
I am short as well as long from a long term perspective and I await clear direction. Just look at last week's candle and I believe a break either above or below will be the next direction.
Cheers.
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Trade to trade another day
  • #767,994
  • Aug 17, 2023 10:51am Aug 17, 2023 10:51am
Quoting Robinhood1
{quote} Yes, my main job is weapons smuggling.
To free Gazans of Hamas, use whatever it takes.
  • #767,995
  • Aug 17, 2023 10:56am Aug 17, 2023 10:56am
Quoting Robinhood1
{quote} Yes, my main job is weapons smuggling.

I need one Because my neighbor starts looking over the fence and sets my dog on me, It's good that you wrote it
  • #767,996
  • Aug 17, 2023 10:57am Aug 17, 2023 10:57am
Gold is on the way to 1863
im not in, but with nice PB i will join. As long price stay below 1903
  • #767,997
  • Aug 17, 2023 11:03am Aug 17, 2023 11:03am
Quoting Robinhood1
{quote} I agree. Besides, it is much harder succeeding in the markets because It cannot be taught like doctors etc. You will not find it at the university. It is a self suffiecent skill and when handled, will not be past on, at least to the general public.


Exactly. Trading is like running your own business. You are responsible for all your decisions with your capital and try to analyze the data so as not to lose money and not lead to the bankruptcy of the company. That's why you have to manage it carefully because you can easily lose it. Doctors and other employees don't worry this, and everyone holds you accountable for mistakes and losses, that's why you need to have discipline and a strong head without it, there's nothing to start with, that's why I think every person who starts should start with this
Which does not mean that there are no people who make a living from it, because there are, but in fact it is a very small group because a larger group of people have their own businesses, there are few who live from trading alone and are able to make a living
  • #767,998
  • Aug 17, 2023 11:04am Aug 17, 2023 11:04am
below 2736...price unlikely for rest of NY session
Intraday only.
  • #767,999
  • Aug 17, 2023 11:20am Aug 17, 2023 11:20am
Quoting pipfarm
Gold on the way down First PB after the breakdown from correction on H4 going to enter from 15 minute. H1 view with H4 correction {image}
Gold before and after and new low is made plus testing another entry method, i think im going to have to up my game on the entries and either use the trendline break or enter at the PB top/bottom or close to resistance/support

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Follow The Markets Structure - Patience and Discipline
  • #768,000
  • Aug 17, 2023 11:28am Aug 17, 2023 11:28am
Quoting Wavegarrick
{quote} Hi Hans Firstly, I am no long term guru forecaster. Things change daily, weekly and monthly and I adapt accordingly. So if my perception was 1.25000 then it is because it was my view then. It is all about adjusting. Secondly, If my outlook is bullish now it is because of a short term uptick in price which could change. It is also no fluke that we are sitting close to 1.2750 at the mid point of the 3rd quarter which was on the 15th of August. Your guess is at good as mine. We either go to 1.30000 or 1.25000 to end the third quarter. Thirdly,...
i know that you are flexibel of bias whether bullish or bearish, but i feel that this time DXY will make another shoot up to 107 - 108 incoming months. i don't know when maybe oct or nov we might be see that. i also think that DXY is already bottoming out here so should be buy on dips at the support level, so my thought is GU will not return to 1.3, maybe corrected to 1.28 - 1.29 if it's still have bullish power and then drop to maybe 1.23 - 1.24xxx.
yes of course i could be wrong, but looking commodities price is getting another high again, so maybe inflation in USA is hard to drop below 2% which means Fed still wanna to hike rates in one or two times again if inflation is too stubborn to control it.
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