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Cable Update (GBPUSD)

  • #777,761
  • Sep 25, 2023 3:59am Sep 25, 2023 3:59am
Good data from Germany but EURUSD still falling lmao. Unless Germany and Euro Area generates better unemployment & gdp numbers, Euro is doomed to fall

Same applies for UK and GBP
You have to have an IQ higher than 90 to interact with this user.
  • #777,762
  • Edited 4:14am Sep 25, 2023 4:03am | Edited 4:14am
G/M, last 1hr and (gmt+3) 4hr candles just closed as bearish thrusts broke south of the prev 1hr/4hr sw lo zone that extended down to fri's/last week's 2131 lo - now pot sbr. @ current dly lo price is in the dly part of the prev 4hr/dly sw lo zone that extends down to 2189 (also Dly S2,) = prev supp = pot supp. 4hr part of that starts circa 2209.

1hr below
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Trader with an Edge.
  • #777,763
  • Sep 25, 2023 4:04am Sep 25, 2023 4:04am
GBP/USD 73% of retail going Long. Highest amount in months...
They will take this opportunity to push the price as low as they can.
  • #777,764
  • Sep 25, 2023 4:05am Sep 25, 2023 4:05am
Quoting Nordling
Good data from Germany but EURUSD still falling lmao. Unless Germany and Euro Area generates better unemployment & gdp numbers, Euro is doomed to fall
Not sure how you derive the economy is predicted to continue to contract as good news. Not as much as expected by fractions of a percent suggests it could have been worse.
  • #777,765
  • Sep 25, 2023 4:06am Sep 25, 2023 4:06am
GU: M5
Next Scalping Sell Entry Level, Confirmation from M1 Chart.
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Intraday Trading is an Art _ hoda
  • #777,766
  • Sep 25, 2023 4:10am Sep 25, 2023 4:10am
Quoting hoda
GU: M5 Next Scalping Sell Entry Level, Confirmation from M1 Chart. {image}
This place is my TP from my buy limit, looks like I'm on right track, XD
Secret to the Price Action is Liquidity.
  • #777,767
  • Sep 25, 2023 4:14am Sep 25, 2023 4:14am
Quoting dantpm
{quote} Not sure how you derive the economy is predicted to continue to contract as good news. Not as much as expected by fractions of a percent suggests it could have been worse.
Data beated the expectations. Slower contraction than anticipated. Better than worse. Market wants to see better gdp and less unemployment tho
You have to have an IQ higher than 90 to interact with this user.
  • #777,768
  • Sep 25, 2023 4:15am Sep 25, 2023 4:15am
90% of my analysis are accurate. I just need to learn to take entry and analyze properly where to put my SL. My SL gets hunted again and again, that's the problem I am facing today, rest of the analysis are accurate.
Secret to the Price Action is Liquidity.
  • #777,769
  • Sep 25, 2023 4:15am Sep 25, 2023 4:15am
Quoting Georginson
Are we having a repeat of July to December 2014 or another repeat of September 2022? Price keeps making lower lows and expected range for September is 500 pips, which means 1.2213... Money management will always be the saviour no matter how one trades.
Approximately 500 pips attained this September, buy added at 1.2215.. all target at 1.2300.
Data + Stat + Risk/Emotions Management
  • #777,770
  • Sep 25, 2023 4:17am Sep 25, 2023 4:17am
Quoting Headland
G/M, last 1hr and (gmt+3) 4hr candles just closed as bearish thrusts broke south of the prev 1hr/4hr sw lo zone that extended down to fri's/last week's 2131 lo - now pot sbr. @ current dly lo price is in the dly part of the prev 4hr/dly sw lo zone that extends down to 2189 (also Dly S2,) = prev supp = pot supp. 4hr part of that starts circa 2209. 1hr below {image}
... Dly S1 is @/around current dly lo, Dly S2 @ the very bottom of this current pot supp zone on 4hr/dly that extends to 2189. Wkly S1 is next @/around 2170. Inbetween those there is a prev 4hr sw lo zone directly under the pot supp zone to 2189 that extends to 2178, = prev supp = pot supp.
Trader with an Edge.
  • #777,771
  • Sep 25, 2023 4:20am Sep 25, 2023 4:20am
It was 98% accurate buy limit, Thanks you Mr. T271.
Buy limit 1.22140 hit.
TP, 1.22327
SL, Pending
Secret to the Price Action is Liquidity.
  • #777,772
  • Sep 25, 2023 4:21am Sep 25, 2023 4:21am
Quoting BrainBucks
{quote} Sorry, I couldn't hear you. What were you saying again?
dude put your 121 magnet away! I want 125
Insane in the Brain..
  • #777,773
  • Sep 25, 2023 4:23am Sep 25, 2023 4:23am
Quoting knkie
We are in the box ! My buy limit has been triggered. Lets see if I am right. {image}
so clearly price shot thru the box.

My style of trading is: if price invalidates my hypothesis, dump it
I was wrong.
No reason to go into drawdown.

4 pips loss.
in wondering about yourself, you forgot what you came here to be part of
  • #777,774
  • Sep 25, 2023 4:24am Sep 25, 2023 4:24am
Quoting BeeTogether
{quote} dude put your 121 magnet away! I want 125
Yo I need that 125 like folks in hell need ice water.
Hell I wouldn't mind 128 too!
  • #777,775
  • Sep 25, 2023 4:24am Sep 25, 2023 4:24am
Quoting eyefeelsix
{quote} take the risk for the fifth wave ( small degree ) {image}

Target Reached! #TalkLessDoMore

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https://breakpullback.com
  • #777,776
  • Sep 25, 2023 4:29am Sep 25, 2023 4:29am
TP: 1.22327
This is the pattern chart will follow to hit my TP.
At 1.22325, I'm going short.
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Secret to the Price Action is Liquidity.
  • #777,777
  • Sep 25, 2023 4:32am Sep 25, 2023 4:32am
Quoting BeeTogether
{quote} dude put your 121 magnet away! I want 125
  • #777,778
  • Sep 25, 2023 4:39am Sep 25, 2023 4:39am
Still waiting on 5 min . Could be a possible entry pullback
  • #777,779
  • Sep 25, 2023 4:43am Sep 25, 2023 4:43am
...in the event of a deeper p/back on the down-move, the 1st upside hurdle to 4hr is the prev 1hr/4hr sw lo zone from fri's 2131 lo to circa 2165 on 4hr, = prev supp = pot sbr...a prev 1hr sw hi zone and a prev 30min prev sw hi zone in there too, as well as the usual fibs.

In the move down off 3142 current yrly hi to current dly lo the biggest upside pullbacks have been 198pips (2797-2995,) and 200pips (2547-2747.) In the 1st instance bulls would have to exceed these to try and establish a potential end/pause to/from the underlying recent bearishness. Since that 2547-2747, p/backs have got smaller, down to current dly lo, (2445-2548, then 2358-2425,) so anything over 100pips might begin to give siome hope/comfort to longer-term bulls nursing floating losses.

1hr/4hr below
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Trader with an Edge.
  • #777,780
  • Sep 25, 2023 4:45am Sep 25, 2023 4:45am
Quoting elbert3
Still waiting on 5 min . Could be a possible entry pullback
I'm already in, it should pull back to previous support and make another resistance at 1.22326.
Secret to the Price Action is Liquidity.
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