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Cable Update (GBPUSD)

  • #777,721
  • Sep 25, 2023 1:57am Sep 25, 2023 1:57am
For me, @Yngwie is the MVP of this thread.
Reason? No tall tales. No migraine-inducing charts. No engagement nor debate with the "gurus."
Just conviction and execution with no apology to nobody.
Me likey!
  • #777,722
  • Sep 25, 2023 2:08am Sep 25, 2023 2:08am
Retracing to 1.22550, a good position for going short.
Secret to the Price Action is Liquidity.
  • #777,723
  • Sep 25, 2023 2:08am Sep 25, 2023 2:08am
Quoting BrainBucks
For me, @Yngwie is the MVP of this thread. Reason? No tall tales. No migraine-inducing charts. No engagement nor debate with the "gurus." Just conviction and execution with no apology to nobody. Me likey!
Clear, clean presentation.
(Both BrainBucks and Yngvie!)
  • #777,724
  • Sep 25, 2023 2:09am Sep 25, 2023 2:09am
Quoting BrainBucks
For me, @Yngwie is the MVP of this thread. Reason? No tall tales. No migraine-inducing charts. No engagement nor debate with the "gurus." Just conviction and execution with no apology to nobody. Me likey!
It's better to focus on your trading, take sell or buy if have time give the reasons if you don't, just move on, in trading there is no best, no gurus or whatever call that,
I see you talk too much commenting on others, that is one of the triggers for debate with one another.
https://breakpullback.com
  • #777,725
  • Sep 25, 2023 2:11am Sep 25, 2023 2:11am
Quoting dantpm
{quote} Clear, clean presentation. (Both BrainBucks and Yngvie!)
Umm I'm first to admit that ain't me but thank you.
I aspire, but I find I fail woefully at being like Yngwie
  • #777,726
  • Sep 25, 2023 2:13am Sep 25, 2023 2:13am
Quoting eyefeelsix
{quote} It's better to focus on your trading, take sell or buy if have time give the reasons if you don't, just move on, in trading there is no best, no gurus or whatever call that, I see you talk too much commenting on others, that is one of the triggers for debate with one another.
Sorry, I couldn't hear you. What were you saying again?
  • #777,727
  • Sep 25, 2023 2:14am Sep 25, 2023 2:14am
Quoting BrainBucks
{quote} Sorry, I couldn't hear you. What were you saying again?
you are a trigger for debate that has NO contribution to this thread.
https://breakpullback.com
  • #777,728
  • Sep 25, 2023 2:17am Sep 25, 2023 2:17am
The green rectangle is the possible retracement point (1.22500/550). The rectangle below the green candle is a strong resistance, as the chart shows, the price has rejected that area a lot of times, I belive this time the price will breakout of the area and will hit 1.22500/550. At that point, wait for the signal, high chances of a strong bearish trend.
But, exceptions are always there, we wait for signal, if it breaks out resistance at 1.22500 then next target should be somewhere 1.2680/700 or maybe 50 pips higher than that. Then we are going short again.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-09-25 at 12.13.00 PM.png Size: 133 KB
Secret to the Price Action is Liquidity.
  • #777,729
  • Sep 25, 2023 2:20am Sep 25, 2023 2:20am
Quoting eyefeelsix
{quote} you are a trigger for debate that has NO contribution to this thread.
Damn, must be my faulty hearing. Could you be a bit louder, please?
  • #777,730
  • Sep 25, 2023 2:25am Sep 25, 2023 2:25am
Quoting scherzi
POIs GU intraday. This is ICT style, for those who study it. {image} There's no simple and quick explanation for the chart. If you're already knowledgeable at ICT, then anticipate P03 (weekly and daily), and the price bouncing between any PD array levels, either from or into a liquidity drawdown. Since it's Monday, we anticipate manipulation of the weekly candle, potentially continuing until Tuesday. The liquidity drawdown is very close, below it, the overall momentum is bearish, and we may expect a purge to happen sooner rather than later. I do...
Man! you kill it, the low resistance liquidity as depicted by your trendline will be raided before the bearish move continues
  • #777,731
  • Sep 25, 2023 2:31am Sep 25, 2023 2:31am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #777,732
  • Sep 25, 2023 2:32am Sep 25, 2023 2:32am
GU: Sell
No SL .... I will manage if goes against my decision.
Attached Image (click to enlarge)
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Intraday Trading is an Art _ hoda
  • #777,733
  • Sep 25, 2023 2:45am Sep 25, 2023 2:45am
keep your eyes on the yellow box.
Thats where it will happen
Attached Image (click to enlarge)
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in wondering about yourself, you forgot what you came here to be part of
  • #777,734
  • Sep 25, 2023 2:48am Sep 25, 2023 2:48am
Quoting knkie
keep your eyes on the yellow box. Thats where it will happen {image}
Yes!!! Price is rejecting 1.224** resistance area again. EU news will dip GU and the downtrend will move GU to the area at 1.221***
Secret to the Price Action is Liquidity.
  • #777,735
  • Sep 25, 2023 3:03am Sep 25, 2023 3:03am
Quoting iusman23
{quote} Yes!!! Price is rejecting 1.224** resistance area again. EU news will dip GU and the downtrend will move GU to the area at 1.221***
Attached Image (click to enlarge)
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#Stay blue. /swinger/scalper/
  • #777,736
  • Sep 25, 2023 3:13am Sep 25, 2023 3:13am
According to my previous chart, price broke through 1.224* resistance but rejected 1.225* area and now again below 1.224*. Next movement should look like this.

(Newbies do not follow or take trade on this analysis, this is just practice analysis posting here to learn more).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-09-25 at 1.09.52 PM.png Size: 140 KB
Secret to the Price Action is Liquidity.
  • #777,737
  • Sep 25, 2023 3:13am Sep 25, 2023 3:13am
It seems big moves are set for October. Also, probably when Reversal will take place. USD should be down soon. This was all just a MN retracement from that 1.03 Buy to 1.31. 50% Fibo would be somewhere around 1.18 and this is where that last Support I have on my chart is. EUR/USD it's 1.03.
  • #777,738
  • Sep 25, 2023 3:15am Sep 25, 2023 3:15am
Quoting JereMi256
{quote} Stopped out. Done for the week! We try again next week. +256.
Last week hit me bad for trying to catch a bottom.
My biggest mistake was not following structure.

This week is for recovery and low risk trades.

Late update: currently short targeting weekly kink @1.2228.
Attached Image (click to enlarge)
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Face 'ur fears & tame 'ur greed
  • #777,739
  • Sep 25, 2023 3:19am Sep 25, 2023 3:19am
Broke the last week lowest support. Happy ride to 1.221*.
Secret to the Price Action is Liquidity.
  • #777,740
  • Sep 25, 2023 3:19am Sep 25, 2023 3:19am
Quoting JereMi256
{quote} Last week hit me bad for trying to catch a bottom. My biggest mistake was not following structure. This week is for recovery and low risk trades. Late update: currently short targeting weekly kink @1.2228. {image}
TP hit, +15pips
Face 'ur fears & tame 'ur greed
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