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Cable Update (GBPUSD)

  • #776,601
  • Sep 20, 2023 3:20am Sep 20, 2023 3:20am
Quoting JoshLauder98
{quote} Where do you see this rising to before dropping again?
I don't know man...

I'm not even seeing one sign that Bulls are even in the courtyard now, let alone some longer term target. We'll need more data first!
  • #776,602
  • Sep 20, 2023 3:20am Sep 20, 2023 3:20am
Come on mf
Get stopped out and get above the 200 ema band
And make an morning star pattern in the hourly chart
There ea gap open at 1.23840
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yes yes yes
  • #776,603
  • Sep 20, 2023 3:22am Sep 20, 2023 3:22am
I’d like to think we have found todays low already, potentially even this months low with a bull cycle forming and hopefully to take into effect in the coming days.

1.25 I’m coming for ya
  • #776,604
  • Sep 20, 2023 3:23am Sep 20, 2023 3:23am
Quoting dantpm
{quote} Found it. Trying to understand how to use this.
Let me know if I can help with any questions and I will happily assist.
Cheers
Michael
  • #776,605
  • Sep 20, 2023 3:34am Sep 20, 2023 3:34am
Quoting MichaelG
{quote} Let me know if I can help with any questions and I will happily assist. Cheers Michael
Is there any literature on how to use it or suggestions other than what you indicated in your post?
It is similar to an AI that I am trying to get programmed.
  • #776,606
  • Sep 20, 2023 3:35am Sep 20, 2023 3:35am
Quoting navk
bought 2347 stop 2325
Done.

Will again buy...when it dips today
Intraday only.
  • #776,607
  • Sep 20, 2023 3:35am Sep 20, 2023 3:35am
Dx daily candle is bearish
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yes yes yes
  • #776,608
  • Sep 20, 2023 3:36am Sep 20, 2023 3:36am
Quoting iusman23
No matter how many times I'm going to hit SL, I'm using SL from now on. At least it can stop disasters to happen.

1. “If you have a losing position that is making you uncomfortable, the solution is very simple: Get out…”
2. “Don’t focus on making money; focus on protecting what you have.”
3. “The most important rule of trading is to play great defense, not great offense.”
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Intraday Trading is an Art _ hoda
  • #776,609
  • Sep 20, 2023 3:37am Sep 20, 2023 3:37am
Quoting Moty
Dx daily candle is bearish {image}
Inverted H&S Pattern on that H1! DXY will probably bounce from the Shoulder low and make a breakthrough higher towards (my) main goal for DXY, 107.6.
  • #776,610
  • Sep 20, 2023 3:38am Sep 20, 2023 3:38am
Quoting JackintheBox
{quote} I think we have to slow it down a bit: Last US-Datas showing that: a) Economy is growing b) Prices are going up (again) >Rates (should go) Up, FED more hawkish Today's CPI was lower than expected on GBP but the rush down was completely overdone (too much for the datas) and also, in my opinion, it is GOOD for GBP if CPI goes down -except that the interest rates could not go up any further or they even lower them in UK- I think that is the reason why it dropped - even if a lower CPI is better for GBP but overall cooling prices is what BOE...
Absolutely, but think about other consequences such consumer mortgage rates, exports, rates on high debt.
Let's wait and see the outcome.
  • #776,611
  • Sep 20, 2023 3:39am Sep 20, 2023 3:39am
Go to the gap mf
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yes yes yes
  • #776,612
  • Sep 20, 2023 3:40am Sep 20, 2023 3:40am
Quoting Yngwie
Long 1.2337 SL 1.2307
closed 34p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #776,613
  • Sep 20, 2023 3:42am Sep 20, 2023 3:42am
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The play for now
  • #776,614
  • Sep 20, 2023 3:43am Sep 20, 2023 3:43am
Quoting iusman23
No matter how many times I'm going to hit SL, I'm using SL from now on. At least it can stop disasters to happen.
When i trade small time frame. Those mini swing high and low not really respected by the PA. I need to see it close above/below it to decide.
But still i use stop. Far greater than my target as and emergency stop.
Early in my trading days, i witness chf plunge 1000 pips in few hour. It is not very likely to happen. But i think it's better to set stop as a fail safe.
You'll never know when you'll have medical emergency either.
Don't mind me.. i'm crazy
  • #776,615
  • Sep 20, 2023 3:56am Sep 20, 2023 3:56am
Judging by price action on, I think we'll have a W Pattern on 15M GBP/USD. So slightly more down and then up to where the Sell began this morning, maybe slightly lower or slightly higher. We'll see...
  • #776,616
  • Sep 20, 2023 3:57am Sep 20, 2023 3:57am
Quoting purevenom
{quote} When i trade small time frame. Those mini swing high and low not really respected by the PA. I need to see it close above/below it to decide. But still i use stop. Far greater than my target as and emergency stop. Early in my trading days, i witness chf plunge 1000 pips in few hour. It is not very likely to happen. But i think it's better to set stop as a fail safe. You'll never know when you'll have medical emergency either.
I thought that SL wouldn't matter when that happened. The broker would just make an "SL gap"
Beginners Luck
  • #776,617
  • Edited 12:53pm Sep 20, 2023 3:59am | Edited 12:53pm
Sell opened 12368. Risky but, chart as a lot of place to slide.
  • #776,618
  • Sep 20, 2023 4:00am Sep 20, 2023 4:00am
Quoting JackintheBox
{quote} Exactly. Most times after first initiation of inlfation there is a cooling down (we saw that lost months) and than another spike comes. That's why I cannot understand FED that they don't hike rates more. Inflation has to be killed, I cannot see that in the numbers on US-Side.
A rate increase, especially a surprise rate increase would drive up the value of the US$ and increase the cost of all imports putting even more pressure on inflation in the US. The US is already struggling for many specialty imports.
Economic expansion is not a bad thing unless it trigger higher prices. They need it to maintain 'full employment'.
Not sure what will happen, I doubt that it will be a rate increase. Rhetoric will be about how inflation has not been beat and how they will continue to watch the data and react accordingly IMHO.
  • #776,619
  • Sep 20, 2023 4:01am Sep 20, 2023 4:01am
Quoting hoda
{quote} 1. “If you have a losing position that is making you uncomfortable, the solution is very simple: Get out…” 2. “Don’t focus on making money; focus on protecting what you have.” 3. “The most important rule of trading is to play great defense, not great offense.” {image}
Thinking same. Before news, If it won't show any kind of pull back, I'll close, no matter what loss I have to bear. Still better than blowing account.
Secret to the Price Action is Liquidity.
  • #776,620
  • Sep 20, 2023 4:10am Sep 20, 2023 4:10am
Quoting Lenart
{quote} Tnx for links. Do you just imply those manually to your charts?
Yes. I simply keep them in mind.
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