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Cable Update (GBPUSD)

  • #771,281
  • Aug 30, 2023 12:15pm Aug 30, 2023 12:15pm
Why do people stay so fixated on imaginary S/R levels even after they've watched them fail so many times? It only exists in your own mind. Of course, price will stop eventually just because it was near your 2nd or 3rd guesstimate doesn't validate the idiotic idea that price always stops at your fictitious support levels.

That's insanity.
Trade at your own risk.
  • #771,282
  • Aug 30, 2023 12:16pm Aug 30, 2023 12:16pm
Quoting Fx3423454
Why do people stay so fixated on imaginary S/R levels even after they've watched them fail so many times? It only exists in your own mind. Of course, price will stop eventually just because it was near your 2nd or 3rd guesstimate doesn't validate the idiotic idea that price always stops at your fictitious support levels. That's insanity.
thanks for open my eyes.
  • #771,283
  • Aug 30, 2023 12:22pm Aug 30, 2023 12:22pm
Short 1.2726 SL 1.2756
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #771,284
  • Aug 30, 2023 12:26pm Aug 30, 2023 12:26pm
Quoting Robinhood1
Cable has resumed its retracement and going down now
Your analysis of EUR/JPY reaching 161 is very possible at this point. As I said today, I'm out of EUR/JPY and GBP/JPY. Only in CHF/JPY now. Despite the signal of reversal we may be looking at another rally it seems which will create a new high almost definitely.
  • #771,285
  • Aug 30, 2023 12:29pm Aug 30, 2023 12:29pm
Quoting 100MDC
{quote} Hello, I totally share your sentiments on the market outlook for GBP/USD. This currency pair is at a fascinating juncture at the moment, hovering around the 127 level. I'd like to elaborate on a few aspects that might offer more clarity for traders wondering whether to jump in long or short. Firstly, the 127 level you mentioned is a psychologically important threshold for many traders. Holding above it could attract more buying interest, but any signs of weakness might also prompt the bears to pounce. While we may find interim support levels...

totally agree with you, the upcoming data are hurdles that GBP will need to jump. Even with red US data we could see MM take us down however the pattern is similar to what we have seen about a couple of months ago. Roll on the rest of the week. We may see end of month moves too.
Insane in the Brain..
  • #771,286
  • Aug 30, 2023 12:42pm Aug 30, 2023 12:42pm
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (362).png Size: 38 KB


GU
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (361).png Size: 52 KB


No MSS yet produced, downtown still in play for GU
Every market moment is unique, but we look for pattern to repeat itself, keeping in mind the random outcome
More time in the market, does not mean you trade better!
  • #771,287
  • Aug 30, 2023 12:44pm Aug 30, 2023 12:44pm
Quoting Fx3423454
{quote} Yeah, I said this like 5 times already. People need to stop with their BS S/R levels and stop trying to call bottons and tops. You know who likes finding bottoms and tops?
If you don't know how to use it don't state it doesn't exist
  • #771,288
  • Aug 30, 2023 12:53pm Aug 30, 2023 12:53pm
Quoting Fardeen1209
GOLD {image} GU {image} No MSS yet produced, downtown still in play for GU Every market moment is unique, but we look for pattern to repeat itself, keeping in mind the random outcome
I like you charts man…
Identical to my idea, but you draw it much better than me.
  • #771,289
  • Aug 30, 2023 12:54pm Aug 30, 2023 12:54pm
How many FX traders does it take to screw in a lightbulb?

4. 1 to hold the lightbulb and 3 to smoke crack until the room starts spinning.
Trade at your own risk.
  • #771,290
  • Aug 30, 2023 12:54pm Aug 30, 2023 12:54pm
Where do day traders get their vocabulary?

In addictionary
Trade at your own risk.
  • #771,291
  • Aug 30, 2023 12:55pm Aug 30, 2023 12:55pm
Quoting Whale
{quote} If you don't know how to use it don't state it doesn't exist
He dont know how to start the platform, our veteran only play chess and lotto
People don't plan to lose. They lose because they don't plan.
  • #771,292
  • Aug 30, 2023 12:56pm Aug 30, 2023 12:56pm
Quoting Fardeen1209
GOLD {image} GU {image} No MSS yet produced, downtown still in play for GU Every market moment is unique, but we look for pattern to repeat itself, keeping in mind the random outcome
Nice charts
People don't plan to lose. They lose because they don't plan.
  • #771,293
  • Aug 30, 2023 12:57pm Aug 30, 2023 12:57pm
Quoting ScalaFX
{quote}He dont know how to start the platform, our veteran only play chess and lotto
I’m sure he is a nice guy, I don’t get the criticism on daily basis.
  • #771,294
  • Aug 30, 2023 1:04pm Aug 30, 2023 1:04pm
Attached Image (click to enlarge)
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yes yes yes
  • #771,295
  • Aug 30, 2023 1:05pm Aug 30, 2023 1:05pm
Quoting Whale
{quote} I’m sure he is a nice guy, I don’t get the criticism on daily basis.
I stopped reading his posts, I reckon that FF have just made him up to gett traffic I don't think anyone can be that stupid in real life....
  • #771,296
  • Aug 30, 2023 1:06pm Aug 30, 2023 1:06pm
Attached Image (click to enlarge)
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imaginary S/R levels ...
  • #771,297
  • Aug 30, 2023 1:11pm Aug 30, 2023 1:11pm
Quoting Fx3423454
Why do people stay so fixated on imaginary S/R levels even after they've watched them fail so many times? It only exists in your own mind. Of course, price will stop eventually just because it was near your 2nd or 3rd guesstimate doesn't validate the idiotic idea that price always stops at your fictitious support levels. That's insanity.
Similar to a stopped clock being correct twice a day without doing a thing= what a great clock!
To free Gazans of Hamas, use whatever it takes.
  • #771,298
  • Aug 30, 2023 1:12pm Aug 30, 2023 1:12pm
Quoting hoda
{quote} Dear Sister, My view on GU for today. GU:H1 {image} {image}
Superb and correct analysis, thank you so much Hoda!
  • #771,299
  • Aug 30, 2023 1:44pm Aug 30, 2023 1:44pm
I took the loss
From 83 $ in profit to 100 $ loss
Tomorrow it's a new day
I hope i will go with my strategy and not against it
Attached Image(s) (click to enlarge)
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yes yes yes
  • #771,300
  • Aug 30, 2023 1:48pm Aug 30, 2023 1:48pm
Quoting TheWraith
{quote} Your analysis of EUR/JPY reaching 161 is very possible at this point. As I said today, I'm out of EUR/JPY and GBP/JPY. Only in CHF/JPY now. Despite the signal of reversal we may be looking at another rally it seems which will create a new high almost definitely.
Usdjpy could reach 164
POSTMASTER
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