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Cable Update (GBPUSD)

  • #783,841
  • Oct 17, 2023 11:30am Oct 17, 2023 11:30am
Quoting pipcenturion
We will see Dollar strength from the close of this current hour. Brace up everyone!
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Master your mind. Master Trading.
  • #783,842
  • Oct 17, 2023 11:30am Oct 17, 2023 11:30am
...quite a move up after the 1230pm gmt U.s data saw a move that started south continue on the knee-jerk reaction, before finding support. Now a big so far 95% of 30day adr move up, now challenging a prev 1hr sw hi zone - 2nd test as res

4hr/1hr below
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Trader with an Edge.
  • #783,843
  • Oct 17, 2023 11:31am Oct 17, 2023 11:31am
I will consider selling at 1.22188
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yes yes yes
  • #783,844
  • Oct 17, 2023 11:31am Oct 17, 2023 11:31am
Quoting DrDave
{quote} Well???? {image}
it will probably happen in the morning.
I have already exited the long.
I'm waiting now.

H1.
  • #783,845
  • Oct 17, 2023 11:37am Oct 17, 2023 11:37am
Quoting JereMi256
{quote} Last try short SL & TP manual... {image}
SL set
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Face 'ur fears & tame 'ur greed
  • #783,846
  • Oct 17, 2023 11:40am Oct 17, 2023 11:40am
Quoting pipfarm
{quote} Cant say for sure but H1 looks like it might be heading into corrective territory so maybe your longs are safe, there is a lot of accumulation going on at the bottom of that H1 swing if you look at it from M15
Going up more because. . .
Quoting DrDave
{quote} Uh-h-h-h-h, perfectly expected PA if you understand that D2 has swung down and that H4 is starting to build the ensuing H8/H12 RALLY to D2. And H1 is building the H4 swing up. Quite logical and systematic, actually.
To free Gazans of Hamas, use whatever it takes.
  • #783,847
  • Oct 17, 2023 11:44am Oct 17, 2023 11:44am
Quoting Coreg2004
It's all about what TF you trade. then What swing do you trade? Don't jump from 1H TF to Monthly, you are either a day trader or a position trader. Know your objective for the day. {image}
One can be both. Nothing to stop someone from entering a swing trade on W1/MN1 and then daytrading the swings of small TFs in both directions.
To free Gazans of Hamas, use whatever it takes.
  • #783,848
  • Oct 17, 2023 11:48am Oct 17, 2023 11:48am
Quoting tiborf71
{quote} it will probably happen in the morning. I have already exited the long. I'm waiting now. H1.
Oh. So LONG TIME after the close of that hour bar then. . .
To free Gazans of Hamas, use whatever it takes.
  • #783,849
  • Oct 17, 2023 11:52am Oct 17, 2023 11:52am
Quoting Wavegarrick
{quote} The reason I am not so comfortable with shorts, hence 50/50 for me. I am getting conflicting signals, short on 4 hr and long set up on daily. As a rule of thumb I go for the higher t/frame so will pull the plug on my shorts if need be. Cheers. {image} {image}
Buy trade in at 1.21996.
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Trade to trade another day
  • #783,850
  • Oct 17, 2023 11:56am Oct 17, 2023 11:56am
Caught you
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Edited:
Ty mister
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yes yes yes
  • #783,851
  • Oct 17, 2023 11:59am Oct 17, 2023 11:59am
Quoting Fardeen1209
{quote} Price move on EU is clean and smooth, make steady entry and exit following 1hr structure with daily setup. GU is really a pain in the arse lately.
Yeah man.
UJ has also been a pain in the arse.
Look at it.
Barely any signs of movements except the two big moves done in matter of minutes.

GBPAUD as well.
10 hours in, ranging in the zone.
Exhausted
  • #783,852
  • Oct 17, 2023 12:00pm Oct 17, 2023 12:00pm
Quoting DrDave
{quote} One can be both. Nothing to stop someone from entering a swing trade on W1/MN1 and then daytrading the swings of small TFs in both directions.
Of course, it's good to be aware of ret. ext levels on HTF(daily). Sometimes I put them on my intra-day chart to reinforce my PRZ on STF.
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Always trade your own plan...I don't provide trading signals.
  • #783,853
  • Oct 17, 2023 12:01pm Oct 17, 2023 12:01pm
Quoting JereMi256
{quote} SL set {image}
Added shorts @1.2191
Face 'ur fears & tame 'ur greed
  • #783,854
  • Oct 17, 2023 12:02pm Oct 17, 2023 12:02pm
Quoting Wavegarrick
{quote} Scalp buy trade in at 1.21913, Cheers. {image}
Buy trade in at 1.21903
Trade to trade another day
  • #783,855
  • Edited 12:15pm Oct 17, 2023 12:05pm | Edited 12:15pm
Quoting Zebi
{quote} youre all giving too much influence to 2 idiot factions fighting each other...the only way the dollar goes up is if some 3rd combatant enters the picture thats a seriously bearish candle on weekly dollar chart...2 weeks from now and in hindsite since everyones good at that LOL everybody will say that was a bearish pinbar pattern LOL put whatever lines you want or indicators you use on thet weekly and see if you can make a convincing TA case price goes up the dollar may range for the week and print an inside candle but odds are it wont breakout...
Quoting Zebi
{quote} i mentioned in my combatants post a few hours ago that price may range a week or two like it did last year after the first star printed at number 1 since people are scared and dont know if a 3rd party will enter the fight so thats why i say the current candle is bearish like last year even tho price levitated for two extra weeks before dropping with the worldwide intervention to save liz truss and englands ass back then so it can levitate again inside last weeks candle and may even test last weeks high and low and do the hokey pokey dance all this week but price will fall like last time sure as some peoples armpits stink in here LOL {image}
2 weeks ago i made this post about dollar weekly chart and the shooting star candles so pretty much happened as i outlined...GU doin the herky jerky dance like elaine bennis in seinfeld LOL

so even tho i knew price would do the inside candles i closed a long last thursday or friday for a loss because fear of price testing the shooting star high... instead of averaging down i buckled to my emotions and the stretched ranges of the weekly chart... im long from monday and added today cause we'll see 2300 on GU

the dollar will fall to 104 probably very quickly since biden landing in israel tomoro handing out money to everyone so there will be a humanitarian corridor, there wont be an invasion of gaza since netayahoo will be bribed by joe

heres an updated dollar chart....this week may be another inside week but i doubt it and will lose money if im wrong

when GU does the elaine dance time to always look at the dollar chart cause its always more elegant since not as manipulated
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so even tho i did well trading the bearish dollar chart i did have one medium size loss and one tiny long loss and i will stay to the long side and buy dips


a weekly close below that shooting star candle and the drop accelerates
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short trump and go long the deepstate
  • #783,856
  • Oct 17, 2023 12:08pm Oct 17, 2023 12:08pm
Adr is 85 pips
1.22100 was golden entry for short , at least for 20 pips
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yes yes yes
  • #783,857
  • Oct 17, 2023 12:10pm Oct 17, 2023 12:10pm
Quoting JereMi256
{quote} Added shorts @1.2191
The range is tricky, i haven't given up on bears yet.
A daily close below 1.2193 will be good.
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Face 'ur fears & tame 'ur greed
  • #783,858
  • Oct 17, 2023 12:31pm Oct 17, 2023 12:31pm
Sentiment is getting more negative for the gbp now.
  • #783,859
  • Oct 17, 2023 12:31pm Oct 17, 2023 12:31pm
Quoting JereMi256
{quote} The range is tricky, i haven't given up on bears yet. A daily close below 1.2193 will be good. {image}
Last add @1.2187
Face 'ur fears & tame 'ur greed
  • #783,860
  • Oct 17, 2023 12:37pm Oct 17, 2023 12:37pm
short.1,21842
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