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Cable Update (GBPUSD)

  • #778,941
  • Sep 29, 2023 12:09am Sep 29, 2023 12:09am
Quoting KareemAliFx
{quote} I agree , I am bullish as hell on dxy but since it’s end of month and week , seems like we have profit taking so looks good to short dxy for now but med to long term looks good to continue its trend
yes agreed. i closed most of my usd trades before pce today as it was ripe for a correction. Audusd or nzdusd look better long at this point since they have built away from the primary trend abit and have formed potential bottoming patterns. still think eurusd and gbpusd need abit more work.

cheers
  • #778,942
  • Sep 29, 2023 12:15am Sep 29, 2023 12:15am
fuck that
i am going for all the marbles
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yes yes yes
  • #778,943
  • Sep 29, 2023 12:17am Sep 29, 2023 12:17am
Quoting Moty
fuck that i am going for all the marbles {image}
lol
  • #778,944
  • Sep 29, 2023 12:18am Sep 29, 2023 12:18am
UK's GDP could be red news today. We'll see...
  • #778,945
  • Sep 29, 2023 12:39am Sep 29, 2023 12:39am
Quoting TheWraith
UK's GDP could be red news today. We'll see...
You mean like transition from yellow to red?
Heck I hope that happens
  • #778,946
  • Sep 29, 2023 12:40am Sep 29, 2023 12:40am
Quoting Moty
fuck that i am going for all the marbles {image}
risk management at its best!!!
  • #778,947
  • Sep 29, 2023 12:41am Sep 29, 2023 12:41am
Quoting ninner
{quote} risk management at its best!!!
he is funny
  • #778,948
  • Sep 29, 2023 12:59am Sep 29, 2023 12:59am
Last year in may , gu gut support from 1.21547 and in the day followed it went straight up to 1.23000 with any retrace
I wanted to take it yesterday at the close at 1.22000 but was afraid to wake in the morning to a loss due of big. Retracement
They love to go full force at reversal to fuck all the retracement trader
yes yes yes
  • #778,949
  • Sep 29, 2023 1:05am Sep 29, 2023 1:05am
Quoting Moty
Last year in may , gu gut support from 1.21547 and in the day followed it went straight up to 1.23000 with any retrace I wanted to take it yesterday at the close at 1.22000 but was afraid to wake in the morning to a loss due of big. Retracement They love to go full force at reversal to fuck all the retracement trader
You're still going good, I cannot even find a point to take entry.
Secret to the Price Action is Liquidity.
  • #778,950
  • Sep 29, 2023 1:09am Sep 29, 2023 1:09am
I dont like to sell without some breaker on LTF
but for me its look minimal risk
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  • #778,951
  • Sep 29, 2023 1:17am Sep 29, 2023 1:17am
Quoting iusman23
{quote} You're still going good, I cannot even find a point to take entry.
Put this indicator and tor retracement
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But be aware, it can go out side the channel like yesterday
There is no short in this house until 1.23000
After that it's a scalpers paradise
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yes yes yes
  • #778,952
  • Sep 29, 2023 1:23am Sep 29, 2023 1:23am
Tp is set at 1.22500
Then a 10-15 pips retracement then 20-25 pips move up
The a 10-15 pips retracement and so on and so on
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yes yes yes
  • #778,953
  • Sep 29, 2023 1:27am Sep 29, 2023 1:27am
Quoting Moty
Tp is set at 1.22500 Then a 10-15 pips retracement then 20-25 pips move up The a 10-15 pips retracement and so on and so on {image}
Moty you don't have anything helping you to push GU higher.
You have the US government shutdown which is bullish US$ pushing it down.
Sentiment is slightly bullish which pushes it down.
I am looking for a confirmation of direction.
  • #778,954
  • Sep 29, 2023 1:27am Sep 29, 2023 1:27am
Someone is sounding quite confident this morning
  • #778,955
  • Sep 29, 2023 1:29am Sep 29, 2023 1:29am
Quoting dantpm
{quote} Moty you don't have anything helping you to push GU higher. You have the US government shutdown which is bullish US$ pushing it down. Sentiment is slightly bullish which pushes it down. I am looking for a confirmation of direction.
I'm stalking this thing to catch a ride down

But then again, the bulls are operating with some conviction so far.
  • #778,956
  • Sep 29, 2023 1:31am Sep 29, 2023 1:31am
Buy Limit 1.22190
SL 1.22150
TP OPEN
Secret to the Price Action is Liquidity.
  • #778,957
  • Sep 29, 2023 1:40am Sep 29, 2023 1:40am
Quoting dantpm
{quote} Moty you don't have anything helping you to push GU higher. You have the US government shutdown which is bullish US$ pushing it down. Sentiment is slightly bullish which pushes it down. I am looking for a confirmation of direction.
I'm not 100% certain government shutdown will be bullish for USD. I know the ramifications and why some one think that should be the case, however charts are telling different story at the moment.
  • #778,958
  • Sep 29, 2023 1:43am Sep 29, 2023 1:43am
Quoting fontu
Checking pa, correction continues up, next limit 2240, may range 2210 limit to 2240 limit but target 2250 may need 2 legs up as in a last leg up for down, next keg may below 2175. So probable 2 legs 2210 to 40 and next 2240+to 2175-, the 2175 to 2250+., 2285, 2300 +. So limit 2240 important at target. If 2210 breaks down now then may to back 2175 again. Take care, will do as per. {image}
2240 broken, so can easily target 2300 daily with or without corrective leg. Take care
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #778,959
  • Sep 29, 2023 1:45am Sep 29, 2023 1:45am
Went short usdcad broke out of a reverse triangle and has a lot of overhead supply in the 1.35 region
  • #778,960
  • Sep 29, 2023 1:46am Sep 29, 2023 1:46am
Quoting dantpm
{quote} Moty you don't have anything helping you to push GU higher. You have the US government shutdown which is bullish US$ pushing it down. Sentiment is slightly bullish which pushes it down. I am looking for a confirmation of direction.
Fundamental analysis is pure bullshit , it's a manipulation proper
I believe only in technical
1.23075 level break was crooky
Now is wil retrace to there at least
If not for. A full shoulder
I also believe that gu will drop more to 1.18787 that is a massive support but the drop was for more than 1000 pips
Something has to give buck to the buyer
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yes yes yes
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