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Cable Update (GBPUSD)

  • #785,161
  • Oct 23, 2023 5:21am Oct 23, 2023 5:21am
Quoting Mitiblotch
{quote} That's the issue with GU. I have not been trading it for a while. We are too many buyers hence the dump. And its movement these days is too sharp. Price now below the daily pivot. We buyers may have been trapped.
daily pivot is at 1.21400
It should go up from that area
If not i can take the hit if it goes to 1.21000 again
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yes yes yes
  • #785,162
  • Oct 23, 2023 5:26am Oct 23, 2023 5:26am
Quoting Waveskierrob
{quote} Happy with 5%-20% a year, just be careful with this doubling your account every year, my opinion not sustainable...
Btw, 5-20% a year sounds good, but it barely saves your investment from inflation. And you need to have a lot of knowledge and spend a lot of time to trade forex. Also you are taking a risk.

  • #785,163
  • Oct 23, 2023 5:27am Oct 23, 2023 5:27am
Quoting JereMi256
{quote} You want to liquidate me?
we will see
  • #785,164
  • Oct 23, 2023 5:29am Oct 23, 2023 5:29am
H1 frame
2170 is the yellow line

Super Resistance
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in wondering about yourself, you forgot what you came here to be part of
  • #785,165
  • Oct 23, 2023 5:31am Oct 23, 2023 5:31am
G/M, a doji and a hammer - the last 2 x dly candles. False 1st 1hr upside break of the Asian hi and Fri hi proves false as supply comes in in the prev 1hr/4hr sw hi zone that extends up to today's Dly R1, the resulting downmove sees a downside break just below the Asian lo - right to the Daily Pivot. 1hr/4hr rangy conditions still with us right now.

1hr below
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Trader with an Edge.
  • #785,166
  • Oct 23, 2023 5:36am Oct 23, 2023 5:36am
Quoting genadi
{quote} we will see
Be careful mate
Face 'ur fears & tame 'ur greed
  • #785,167
  • Oct 23, 2023 5:39am Oct 23, 2023 5:39am
Scalp on m1
  • #785,168
  • Oct 23, 2023 5:41am Oct 23, 2023 5:41am
Long 1.2145 SL 1.2125
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #785,169
  • Oct 23, 2023 5:55am Oct 23, 2023 5:55am
Quoting Yngwie
Long 1.2145 SL 1.2125
my problem h4 down, possible better later ?
  • #785,170
  • Oct 23, 2023 5:56am Oct 23, 2023 5:56am
the price is probably waiting for tomorrow's news.
  • #785,171
  • Oct 23, 2023 6:03am Oct 23, 2023 6:03am
Quoting knkie
H1 frame 2170 is the yellow line Super Resistance {image}
it’s been the resistance line for over a week.. needs to break for any chance of a higher movement. I’d be tempted to short at that area only because of its resistance
Insane in the Brain..
  • #785,172
  • Oct 23, 2023 6:09am Oct 23, 2023 6:09am
6 in a row
And the last one was against the direction of the slope
It's recommended to go with
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yes yes yes
  • #785,173
  • Edited 6:32am Oct 23, 2023 6:12am | Edited 6:32am
Quoting BeeTogether
{quote} it’s been the resistance line for over a week.. needs to break for any chance of a higher movement. I’d be tempted to short at that area only because of its resistance
Hi. Other than the obvious descending equidistant channel on 4hr, the areas circled on that t/f probably represent the recent range, potential b/o zones? 1hr shows where the last rise came from - again circled.

4hr/1hr below
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Trader with an Edge.
  • #785,174
  • Oct 23, 2023 6:16am Oct 23, 2023 6:16am
lucky scalp..escape before NY...
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  • #785,175
  • Oct 23, 2023 6:25am Oct 23, 2023 6:25am
I Don't take signal without confirmation from the stochastic rsi
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yes yes yes
  • #785,176
  • Oct 23, 2023 6:29am Oct 23, 2023 6:29am
Quoting Fardeen1209
{quote} EU Continuation {image} 1hr Ignored Qm becomes RSF 4hr Structure HH,HL 2nd attempt to KEY LEVELwhich appeared upto Monthly TF Failure for BO, Then Umitigated 4hr Dz @ 1.4700, Becomes the NEXT Support. MM will take everyone below
ECB
Expected to hold current rate,
However not expecting Lagarde to be dovish as last time, due to the Conflicts in Middle East, which lift OIL.
This could give upward shock in future EZ inflation rate. So she will try to keep a neutral view, with more hiking still on the table if needed.

However, Advanced GDP is 15mins after Rate release. Many Liquidity grab events will be taking place, need to look for a good short setup the prior day
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Quite soon to focus on Thursday Event, however we plan ahead, so when the opportunity appear, we know what to do.
More time in the market, does not mean you trade better!
  • #785,177
  • Oct 23, 2023 6:37am Oct 23, 2023 6:37am
...will this 2nd upside break of Asian hi, and indeed of Fri's hi prove truer than 1st 1hr break? Plenty of potential res overhead! How strong are the bulls now?

1hr below
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Trader with an Edge.
  • #785,178
  • Oct 23, 2023 6:47am Oct 23, 2023 6:47am
Quoting Headland
...will this 2nd upside break of Asian hi, and indeed of Fri's hi prove truer than 1st 1hr break? Plenty of potential res overhead! How strong are the bulls now? 1hr below {image}
thats the thing I don’t think the bulls are that strong maybe 122.. if that the next area is 12220 which is another area with a decent resistance.
Insane in the Brain..
  • #785,179
  • Oct 23, 2023 6:50am Oct 23, 2023 6:50am
this is also not valid
Stochastic is going down
But the entry candle is bullish
And we are in an upward slope
Even if we take it will be for less percent of the account
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yes yes yes
  • #785,180
  • Oct 23, 2023 6:53am Oct 23, 2023 6:53am
Quoting Headland
...will this 2nd upside break of Asian hi, and indeed of Fri's hi prove truer than 1st 1hr break? Plenty of potential res overhead! How strong are the bulls now? 1hr below {image}
What I can see is the same PA / actors like this morning. No bias long except the up-move. No additional big buyers in the market. Lag of news doing the rest. Usual Monday somehow. ADR is extremely low today. Due to upside move it is likely they will take out the high today. That's one small bias on long currently but that's it. It's no problem turn the market down again from here, so also ADR could expand to the south.
Unfortunately no trading now, too much roulette. No money earn. Hate that.
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