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Cable Update (GBPUSD)

  • #778,341
  • Sep 27, 2023 3:45am Sep 27, 2023 3:45am
too tough play today , anyway breakout up happened for 2167 and 2194 breaks , so likely test 2200. take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #778,342
  • Sep 27, 2023 3:50am Sep 27, 2023 3:50am
Quoting TheWraith
{quote} I agreed with Wave in his statement that forex pairs don't have "a way they move". Sometimes they trend, sometimes not. This is true for all currency pairs. This is a nice statement for those that think one currency pair has it's nature... it doesn't. So, yeah, while I said GBP/AUD was better to trade then GBP/USD, I meant in this period of time.
Not to mention the scaling. Side by side the range look nearly similar though they have 100 pips different.
Don't mind me.. i'm crazy
  • #778,343
  • Sep 27, 2023 3:56am Sep 27, 2023 3:56am
Quoting FulMargnAlch
Short 15p SL
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The market hides a perfect geometry.
  • #778,344
  • Sep 27, 2023 3:58am Sep 27, 2023 3:58am
Quoting JackintheBox
I think GBP/USD is overdone. No one wants it more down anymore, haha. I wanted to buy 20 minutes ago at 1.2148 but it didn't fit into my trading. It said "too dangerous" so I left it. I think GBP/USD needs a correction up now. As you can see low was already at 1.2136 area so don't expect too much upwards.
I jumped in now... 1.2148, I think it is a mistake but I do it anyway. I join the retailers (73% bullish). Fluctuation is too high in that area. That confirmed me for a buy. Not sure what pros are doing here, kicking out more and more. May be we get a huge sell off later today (1.2100??) and than retrace to hunt the stops. I'm prepared. Let's go.
  • #778,345
  • Sep 27, 2023 4:01am Sep 27, 2023 4:01am
Quoting FulMargnAlch
{quote} {image}
Looks like GU will long in a moment, maybe another leg short then pump, let's see.
The market hides a perfect geometry.
  • #778,346
  • Sep 27, 2023 4:02am Sep 27, 2023 4:02am
Quoting FulMargnAlch
{quote} Looks like GU will long in a moment, maybe another leg short then pump, let's see.
I feel range 1.2146 to 1.2165 fr next 2 hours....happy scalping
Wash, rinse, repeat
  • #778,347
  • Sep 27, 2023 4:03am Sep 27, 2023 4:03am
stop looking for money



look for skills skills will work for the money...
MY OPINION NOT FINANCIAL ADVISE
  • #778,348
  • Sep 27, 2023 4:05am Sep 27, 2023 4:05am
Quoting cablekingdom
{quote} I feel range 1.2146 to 1.2165 fr next 2 hours....happy scalping Wash, rinse, repeat
I can monitor the swings and ride the scalp, the problem is when I'm doing errands. I love scalping.
The market hides a perfect geometry.
  • #778,349
  • Sep 27, 2023 4:06am Sep 27, 2023 4:06am
I expect GBPUSD to get a strong support @ 1.2075 and price action around that area will be interesting to look for buy setup. I hope to sell the rally around 1.2196 if there is a good sell setup that support my plan .
With patience and discipline,you move beyond the sky
  • #778,350
  • Sep 27, 2023 4:10am Sep 27, 2023 4:10am
Long 15p SL
The market hides a perfect geometry.
  • #778,351
  • Sep 27, 2023 4:16am Sep 27, 2023 4:16am
Quoting biodunola07
I expect GBPUSD to get a strong support @ 1.2075 and price action around that area will be interesting to look for buy setup. I hope to sell the rally around 1.2196 if there is a good sell setup that support my plan .
Well i am hoping the same. Price to pullback to 1.22 area and then we can short again. Since the pair didnt make any pullback last couple of days there could be even bigger pullback if the buyers gets in around here. But at the same this could still continue all the way to 1.21 area than pullback. At the moment building up an liquidity around 1.21400 -1.21550 zone. So might see some push to upside.
  • #778,352
  • Sep 27, 2023 4:24am Sep 27, 2023 4:24am
Quoting JackintheBox
I think GBP/USD is overdone. No one wants it more down anymore, haha. I wanted to buy 20 minutes ago at 1.2148 but it didn't fit into my trading. It said "too dangerous" so I left it. I think GBP/USD needs a correction up now. As you can see low was already at 1.2136 area so don't expect too much upwards.
Those who Pruden calls "innovators" aren't still in. better follow as laggards main trend and wait they fill instead of trying to anticipate them, haha.
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chaos is just unknown order
  • #778,353
  • Sep 27, 2023 4:25am Sep 27, 2023 4:25am
yes m5
2146 short

keep an eye on m15/m30 : 2139-2142
in wondering about yourself, you forgot what you came here to be part of
  • #778,354
  • Sep 27, 2023 4:29am Sep 27, 2023 4:29am
Quoting Luxyus
{quote} Those who Pruden calls "innovators" aren't still in. better follow as laggards main trend and wait they fill instead of trying to anticipate them, haha. {image}
vigilance with this cause the Markets are NOT normally distributed.

just my 2 cents
in wondering about yourself, you forgot what you came here to be part of
  • #778,355
  • Sep 27, 2023 4:33am Sep 27, 2023 4:33am
Quoting Coreg2004
{quote} TheWraith, do you have a number/zone?
SP500 MN Chart
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  • #778,356
  • Sep 27, 2023 4:36am Sep 27, 2023 4:36am
Quoting dantpm
{quote} Your data is a little out of date: U.S. National Debt Clock : Real Time (usdebtclock.org) Japan Debt Clock: What Is A Rolling Liquidity Strategy Doing To Economic Health? - Commodity.com
it's not out of date, the debt chart is from FEB 2023
US, debt to GDP is about 120% (your link) and Japan's is 250%.
Japan's GDP is $4.9T trillion X 2.5 =12 trillion
you're Japan link $11,685 trillion debt
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #778,357
  • Sep 27, 2023 4:36am Sep 27, 2023 4:36am
Scalp Long

TP & SL manual.
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Face 'ur fears & tame 'ur greed
  • #778,358
  • Sep 27, 2023 4:39am Sep 27, 2023 4:39am
So i think the Shorts are taking over again.
But I could be wrong.

Im wondering how others deal with this:
- you enter a trade, after which you realise it might be wrong.

- do you keep it and hope for the best?
- do you dump it?
- do you take out a hedge as insurance?
- something else?

just interested.
in wondering about yourself, you forgot what you came here to be part of
  • #778,359
  • Sep 27, 2023 4:42am Sep 27, 2023 4:42am
look how beautifully M15 is reacting to SR levels
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in wondering about yourself, you forgot what you came here to be part of
  • #778,360
  • Sep 27, 2023 4:44am Sep 27, 2023 4:44am
Quoting knkie
So i think the Shorts are taking over again. But I could be wrong. Im wondering how others deal with this: - you enter a trade, after which you realise it might be wrong. - do you keep it and hope for the best? - do you dump it? - do you take out a hedge as insurance? - something else? just interested.
My first reaction to that is to reduce the risk. For example, if I have entered 5× 0.01 lots, I cut off 2/3 and wait for more information to avail before I take my final decision.

Nice question, Knkie.
Have a great day!
Face 'ur fears & tame 'ur greed
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