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Cable Update (GBPUSD)

  • #772,361
  • Sep 4, 2023 12:41am Sep 4, 2023 12:41am
Quoting Moty
Crooky false break Mf !!!! They stop hunt a big part from my position at 1.25800 area just before they push the price up I could be with 70 $ in gained back mondy right now {image}
Daily candle left no wick to the downside. Today is Sell I think, but what I think doesn't matter. Will be back with charts!

One more thing... we had a strong Sell before this lack of volatility and once it's back price is going down again.

Never buy the first buy is the rule I follow.

GL!
  • #772,362
  • Sep 4, 2023 12:45am Sep 4, 2023 12:45am
Short. Last trade before my holiday
Attached Image (click to enlarge)
Click to Enlarge Name: GU real.png Size: 22 KB
Emotional Control. Process, not outcome.
  • #772,363
  • Sep 4, 2023 12:52am Sep 4, 2023 12:52am
Quoting Moty
Crooky false break Mf !!!! They stop hunt a big part from my position at 1.25800 area just before they push the price up I could be with 70 $ in gained back mondy right now {image}
Wow...I never knew you held those trades!
Anyway, I'm waiting to start shorting GU from 1.26360.
But if price mistakenly gets to 1.26580(extended Stop hunt), then my broker will hear from me today .

Trade safe guys
  • #772,364
  • Sep 4, 2023 1:46am Sep 4, 2023 1:46am
Good morning one and all .....GU to go down massively....only joking I don't know...
  • #772,365
  • Sep 4, 2023 1:55am Sep 4, 2023 1:55am
If you check volumes of GU on tradingview today there doesn't appear to be any uptick in the Frankfurt session. With a US holiday, you only have London volume to fuel any moves.
  • #772,366
  • Sep 4, 2023 1:59am Sep 4, 2023 1:59am
Quoting KeenPips
Recent technical patterns of GBPUSD price action on the daily time frame favour a southward market engineering. Thus, should bears follow-through on the recent technical impulse, we may see a southward drive initially to the 1.24100 area (blue). I may be wrong. Trade safe and prosper. KP {image}
I don't think there will be an initial southward drive. Upward is more likely.
Quoting DrDave post#772146
That most recent swing up on D1 is more likely to be the first impulse of a new up trend on D1. The current down move will likely end at a higher low, making it a mere pullback in the developing D1 up trend. But of course, the D1 down move must be monitored to see if it does indeed end as a pullback or as a return down. H4/H8 have not yet made a convincing rally inside of this D1 down move, so it would not be a surprise if price turns up soon, especially considering the rather long down move of M5/M15/H1 that has no substantial retracement...
To free Gazans of Hamas, use whatever it takes.
  • #772,367
  • Sep 4, 2023 2:22am Sep 4, 2023 2:22am
Quoting DrDave
{quote} I don't think there will be an initial southward drive. Upward is more likely. {quote}
I agree.
It's not yet time south drive
  • #772,368
  • Edited 4:28am Sep 4, 2023 2:26am | Edited 4:28am
Test Short 1.2625 SL 1.2640 (SL revised)
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #772,369
  • Sep 4, 2023 2:31am Sep 4, 2023 2:31am
Quoting Yngwie
Test Short 1.2625 SL 1.2635
Sold as well at 1.2623, target is around 1.2576... I will change my bearish plan if price attacks 1.2700.

This week may see a fall to 1.2480 area, something that should have happened last month.
Data + Stat + Risk/Emotions Management
  • #772,370
  • Sep 4, 2023 2:32am Sep 4, 2023 2:32am
Morning all
i only scalp for ten pips on Monday mornings, which i have already, from middle BB to daily pivot, it can go anywhere here maybe up to that brick wall 200ma, or bounce of pivot, holiday so i am happy with the ten pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 ten pip +.png Size: 45 KB
  • #772,371
  • Sep 4, 2023 2:42am Sep 4, 2023 2:42am
i have my buy tp @26300, then will look to short anywhere above that price
#Stay blue. /swinger/scalper/
  • #772,372
  • Sep 4, 2023 2:42am Sep 4, 2023 2:42am
I'm expecting 1.26500!
  • #772,373
  • Sep 4, 2023 2:42am Sep 4, 2023 2:42am
Quoting Georginson
{quote} Sold as well at 1.2623, target is around 1.2576... I will change my bearish plan if price attacks 1.2700. This week may see a fall to 1.2480 area, something that should have happened last month.
GU will go up more.
  • #772,374
  • Sep 4, 2023 2:43am Sep 4, 2023 2:43am
Quoting Georginson
{quote} Sold as well at 1.2623, target is around 1.2576... I will change my bearish plan if price attacks 1.2700. This week may see a fall to 1.2480 area, something that should have happened last month.
or a flip towards to 130.. remember whilst manufacturing data was good the NFP data and the other announcements during last week was bearish USD. However data was the trend setter we’d all be millionaires
Insane in the Brain..
  • #772,375
  • Sep 4, 2023 2:43am Sep 4, 2023 2:43am
CHF/JPY Short

Want to see this H1 closing below the Zone line.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CHFJPY.png Size: 15 KB
Click to Enlarge Name: CHFJPY H1.png Size: 24 KB
  • #772,376
  • Sep 4, 2023 2:48am Sep 4, 2023 2:48am
not necessarily 2639 limit hold but watching . if breaks then target correction now go towards 2650
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH41.png Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #772,377
  • Sep 4, 2023 2:58am Sep 4, 2023 2:58am
Quoting BeeTogether
{quote} or a flip towards to 130.. remember whilst manufacturing data was good the NFP data and the other announcements during last week was bearish USD. However data was the trend setter we’d all be millionaires
Pretty sure all the manufacturing data was under 50 indicating that the US economy was still contracting. Some numbers beat estimates so all in all not really putting pressure on the FED to raise rates.
  • #772,378
  • Sep 4, 2023 3:06am Sep 4, 2023 3:06am
Quoting TheWraith
CHF/JPY Short Want to see this H1 closing below the Zone line. {image} {image}
Closed in a Loss (-15.7 pips).

From this point, price is likely going for the top at 166.500.

That's it for today. See you on Wednesday trading-wise!
  • #772,379
  • Sep 4, 2023 3:07am Sep 4, 2023 3:07am
Quoting dantpm
{quote} Pretty sure all the manufacturing data was under 50 indicating that the US economy was still contracting. Some numbers beat estimates so all in all not really putting pressure on the FED to raise rates.
which they alluded to JHS. Even the commentary on Bloomberg was saying rates to rise as and when Fed sees fit. To me that was more dovish than hawkish yet the market though otherwise
Insane in the Brain..
  • #772,380
  • Sep 4, 2023 3:11am Sep 4, 2023 3:11am
Quoting Ehminiz
i have my buy tp @26300, then will look to short anywhere above that price
out.

looking for short setup.
#Stay blue. /swinger/scalper/
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