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Cable Update (GBPUSD)

  • #778,401
  • Sep 27, 2023 6:54am Sep 27, 2023 6:54am
Quoting Eren10
{quote} Russia banned gasoline products not oil as I understood. I will search later to a news about that.
You understood well, I didn't.

Gas and diesel..

I get confused sometimes...
  • #778,402
  • Sep 27, 2023 6:55am Sep 27, 2023 6:55am
The mf are squeezing down
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yes yes yes
  • #778,403
  • Sep 27, 2023 6:57am Sep 27, 2023 6:57am
Quoting T721
{quote} Nice catch Lets hope it goes
It's still in ranging mode.
I have settled with these lows for now. If they don't work out, I will buy again lower.
Face 'ur fears & tame 'ur greed
  • #778,404
  • Sep 27, 2023 6:58am Sep 27, 2023 6:58am
Stocks to tank once again on NYO?
  • #778,405
  • Sep 27, 2023 6:58am Sep 27, 2023 6:58am
haha
PERFECT !
right into the Elipse
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in wondering about yourself, you forgot what you came here to be part of
  • #778,406
  • Sep 27, 2023 6:59am Sep 27, 2023 6:59am
I am just looking at GU chart today, cannot stay infront of screen for long time due to flu and fever.
Just took 3 trades today, 2 in profit and 1 in loss.
Secret to the Price Action is Liquidity.
  • #778,407
  • Sep 27, 2023 6:59am Sep 27, 2023 6:59am
Quoting Eren10
{quote} Russia banned gasoline products not oil as I understood. I will search later to a news about that.
in an inflationary environment, something like oil looks for a reason to go up, great place to park money, just wait for the reason
most people get it the wrong way around,
no inflation, it wouldn't happen.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #778,408
  • Sep 27, 2023 7:03am Sep 27, 2023 7:03am
Quoting TheWraith
USD/JPY was at 149.25. Suzuki: USD/JPY H1 to confirm Long now.
Long confirmed (USD/JPY H1).
  • #778,409
  • Sep 27, 2023 7:11am Sep 27, 2023 7:11am
rising oil, falling currencies to USD....the west has imported inflation for itself with this stupid sanction against russia.
trading is like dancing, don't think and just listen to the music!
  • #778,410
  • Sep 27, 2023 7:13am Sep 27, 2023 7:13am
Quoting TheWraith
{quote} Long confirmed (USD/JPY H1).
Why did you say long confirmed. What I saw was a red(bearish) candle close, care to show us how,why
the cautious seldom err....C
  • #778,411
  • Sep 27, 2023 7:14am Sep 27, 2023 7:14am
Whoever are expert in reading the market will understand why market behaves like this.

Market want to go up but Smart Money refused to let it do it.
Why? Two reasons:
1/. Because they are buying. In order to purchase something successfully, there must be someone willing to sell to you. This is how Supply and Demand works. Smart Money needs a lot of supply for their long entry. They must push market as lower as possible to collect liquidity.

2/. Kick the retail buyers out of the market. Retail buyers goes long at similar price as Smart Money are the obstacles for them during the midway of Bull Market. Smart Money want to their long position hit their target smoothly like Silk Road without interruption. And retail buyers who close their position in profit in the midway of trend are the one who make this interruption. So Smart Money must Shake-out most buyers out of the market otherwise, the bull will not wake up at anytime soon.

I can see there are a lot of people are still buying. This why market does not go upside.

Have been in the market for nearly 10 years. See this same sh’t almost everyday in my trading life.

Have a nice day trading everyone.
Peace and Love
With courage, patience, and discipline, success is a matter of time.
  • #778,412
  • Sep 27, 2023 7:18am Sep 27, 2023 7:18am
Quoting JameRomeo168
Whoever are expert in reading the market will understand why market behaves like this. Market want to go up but Smart Money refused to let it do it. Why? Two reasons: 1/. Because they are buying. In order to purchase something successfully, there must be someone willing to sell to you. This is how Supply and Demand works. Smart Money needs a lot of supply for their long entry. They must push market as lower as possible to collect liquidity. 2/. Kick the retail buyers out of the market. Retail buyers goes long at similar price as Smart Money are...

FF has GU long buyers dropping from 70% to 64% today but EU are holding constant at 66%.
  • #778,413
  • Sep 27, 2023 7:19am Sep 27, 2023 7:19am
Quoting Zebi
i got a buy signal on last 4H candle so im feeling better now

after that post i went to bed to hug my pillows

another 4H close above 2142 will give me another buy signal in 40 min....hopefully i wont need anymore hugs today LOL
short trump and go long the deepstate
  • #778,414
  • Sep 27, 2023 7:19am Sep 27, 2023 7:19am
Quoting pips29
{quote} Why did you say long confirmed. What I saw was a red(bearish) candle close, care to show us how,why
UJ H1

However, I wouldn't put too much emphasize on this signal since price is not really moving that much. We'll see..
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  • #778,415
  • Sep 27, 2023 7:21am Sep 27, 2023 7:21am
Quoting JereMi256
{quote} Longs locked in, SL set TP pending... {image}
Manually closed all longs @BE

sidelines, waiting for news
Face 'ur fears & tame 'ur greed
  • #778,416
  • Sep 27, 2023 7:32am Sep 27, 2023 7:32am
Oh, crazy... again numbers are over expectations on USD side... rate hike incoming for sure. So even more power for USD. Interesting how market reacted (almost non-existent) on such good news.
GBP/USD should drop but it doesn't. Interesting.
  • #778,417
  • Sep 27, 2023 7:35am Sep 27, 2023 7:35am
Quoting JereMi256
{quote} Manually closed all longs @BE sidelines, waiting for news
Test shorts

SL & TP pending...
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Face 'ur fears & tame 'ur greed
  • #778,418
  • Sep 27, 2023 7:39am Sep 27, 2023 7:39am
Come on mister eu
You. Can lift it all together
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yes yes yes
  • #778,419
  • Sep 27, 2023 7:42am Sep 27, 2023 7:42am
...I had posted the potential support/factors to the downside earlier todat. On a closer inspection (taking auto scroll off 4hr chart to go back to 17th March earlier this year,) factor a. really extends from the current dly lo-2811, ie 2831-2811...so @ the current dly lo price has touched it. It will show this in any future posting of these factors if it is still relevant.

a. Prev 4hr sw lo zone circa 2128-11, = prev supp = pot supp, longer-term fib @2116
b. Prev 4hr sw hi zone circa 2112 (@/around Dly S2) -2080
c. Longer-term fib @ 2078
d. Wkly S2 @/around 2070 (@/around Dly S3)
e. Prev 4hr/dly sw lo zone that on dly runs circa 2051-07
Trader with an Edge.
  • #778,420
  • Sep 27, 2023 7:46am Sep 27, 2023 7:46am
also, good tech set-up, any news in its favour in this envoirment
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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