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Cable Update (GBPUSD)

  • #793,721
  • Nov 29, 2023 7:40am Nov 29, 2023 7:40am
Going to 1.26 ??
  • #793,722
  • Nov 29, 2023 7:40am Nov 29, 2023 7:40am
Datas were better than expected. Messed PA complete up. Result you can see in the chart. They tried, directly after the news, to steam it up one more time, probably attempt to suck in some longs before driving GBP/USD down. I wonder if USA is yet stronger than expected from market. I think that was the third figure (Prelim GDP q/q) which showed fire up on US-Economy which is contrary to positions on market currently.

That would mean we had down again a bit (1.24 area may be). Dollar strengthening all over board currently.
  • #793,723
  • Nov 29, 2023 7:41am Nov 29, 2023 7:41am
Quoting BeeTogether
MM in the play data should be good enough for a drop to 126 lol
i think 1.2620 by today
  • #793,724
  • Nov 29, 2023 7:41am Nov 29, 2023 7:41am
New strategy
You only need a 33% success to get to be
50 % will gain 50 % profit on your account after 100 trades
That each trade is 1 % of your account
1 to 2 risk reword rwatio
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yes yes yes
  • #793,725
  • Nov 29, 2023 7:42am Nov 29, 2023 7:42am
Quoting knkie
{quote} some guy on Baily's is speaking
It's enough time for making a new low...
  • #793,726
  • Edited 8:18am Nov 29, 2023 7:42am | Edited 8:18am
There were few posts here calling for long.

To me, the hourly RSI has printed short.

I dunno why they posted long call chart and whole thread is looking for long.

No clear long but there ia ample opportunity to short based on hourly RSI short.

The hourly RSI short signal need to fail for long.

When it can fail ? the high of today needs to break.

Until then short.
Intraday only.
  • #793,727
  • Nov 29, 2023 7:42am Nov 29, 2023 7:42am
Quoting navk
to long or go short. i will watch this chart {image}
It's a tricky position now. H1/H2 gone down. As you can see, m15, which builds the H1 swing, is already retracing that up move. So the expectation is for m15 to simply rally and then return down.

However, if you either look at m30 or just check the number of bars in the m15 swing, you see that m30 joined m15 in the swing up. So m30 is trying to build a swing up on H2.
To free Gazans of Hamas, use whatever it takes.
  • #793,728
  • Nov 29, 2023 7:43am Nov 29, 2023 7:43am
Quoting JackintheBox
Datas were better than expected. Messed PA complete up. Result you can see in the chart. They tried, directly after the news, to steam it up one more time, probably attempt to suck in some longs before driving GBP/USD down. I wonder if USA is yet stronger than expected from market. I think that was the third figure (Prelim GDP q/q) which showed fire up on US-Economy which is contrary to positions on market currently. That would mean we had down again a bit (1.24 area may be). Dollar strengthening all over board currently.
It does seem from Fed they are happy to let the dollar lose any strength. Which makes me wonder as to why now especially as talks of interest rates cuts in Europe are going to happen in next 6 months
Insane in the Brain..
  • #793,729
  • Nov 29, 2023 7:43am Nov 29, 2023 7:43am
Daily pivot needs to break first
Insane in the Brain..
  • #793,730
  • Nov 29, 2023 7:44am Nov 29, 2023 7:44am
Quoting DmShka
{quote} It's enough time for making a new low...
im one of those traders who thinks all the news is already priced in, so i dont care what he says.
Just need to avoid initial spikes up and down

so imo cable will be bullish once 2717 is broken
in wondering about yourself, you forgot what you came here to be part of
  • #793,731
  • Nov 29, 2023 7:44am Nov 29, 2023 7:44am
Quoting JackintheBox
Datas were better than expected. Messed PA complete up. Result you can see in the chart. They tried, directly after the news, to steam it up one more time, probably attempt to suck in some longs before driving GBP/USD down. I wonder if USA is yet stronger than expected from market. I think that was the third figure (Prelim GDP q/q) which showed fire up on US-Economy which is contrary to positions on market currently. That would mean we had down again a bit (1.24 area may be). Dollar strengthening all over board currently.
Next aim 1.2666 I assume. Out of my experience datas hit professional market makers on complete wrong foot. Let's see if they pump it up one more time and ignore news, eating up shorts.
  • #793,732
  • Nov 29, 2023 7:45am Nov 29, 2023 7:45am
Quoting Jackoboms
for those that use indicators, do they truly work? Is yours showing you a BUY or SELL order
work for me ...
  • #793,733
  • Nov 29, 2023 7:46am Nov 29, 2023 7:46am
Quoting knkie
{quote} im one of those traders who thinks all the news is already priced in, so i dont care what he says. Just need to avoid initial spikes up and down so imo cable will be bullish once 2717 is broken
I hope you are not in that guys who open orders without sl then, gl anyway
  • #793,734
  • Nov 29, 2023 7:48am Nov 29, 2023 7:48am
Come on
Go below significant ressistence 1.26800
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yes yes yes
  • #793,735
  • Nov 29, 2023 7:48am Nov 29, 2023 7:48am
Quoting eyefeelsix
{quote} buckle your seatbelt {image}

broken fifth wave= continuation --- unbroken fifth wave= reversal


the cycle will keep repeating itself until it gets bored lol

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https://breakpullback.com
  • #793,736
  • Nov 29, 2023 7:52am Nov 29, 2023 7:52am
DXY finding it very difficult to break 102.520
  • #793,737
  • Nov 29, 2023 7:54am Nov 29, 2023 7:54am
Quoting Jackoboms
for those that use indicators, do they truly work? Is yours showing you a BUY or SELL order
Indicators work exactly as they are programmed to work. So yes, indicators do truly work.

As for indicator buy or sell, that is TF dependent. I can have indicators on D1 showing that buying is in order yet H1 showing clearly that selling is in order and both are correct. Simply because H1 going down is creating at most a small pullback on D1 and more likely simply putting D1 into a stall. So after I collect from my sell on H1, it returns back up and my D1 buy progresses further into profit. In fact, I can add another buy as H1 returns up.
To free Gazans of Hamas, use whatever it takes.
  • #793,738
  • Nov 29, 2023 7:55am Nov 29, 2023 7:55am
Quoting DrDave
{quote} It's a tricky position now. H1/H2 gone down. As you can see, m15, which builds the H1 swing, is already retracing that up move. So the expectation is for m15 to simply rally and then return down. However, if you either look at m30 or just check the number of bars in the m15 swing, you see that m30 joined m15 in the swing up. So m30 is trying to build a swing up on H2.
The R1 has been tested.

Hourly RSI is short.

To me, I consider this as retrace / reversal.
Intraday only.
  • #793,739
  • Edited 8:15am Nov 29, 2023 7:57am | Edited 8:15am
Quoting Pat Chiko
{quote} GU Thanks for the chart. I copy you target H4 OB {image}
lets see what happen .; may same crazy to do the rest for target!
anyway checking dx , after breaks and back a major sr nover 61.8fibs % , over supports may try correct upm short term or just up down in the bottom formation before the same . if bottom formation then easily gu may get the target too ! so risk there for both ways . nothing in straight line formula! . take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #793,740
  • Nov 29, 2023 8:02am Nov 29, 2023 8:02am
Quoting DmShka
{quote} I hope you are not in that guys who open orders without sl then, gl anyway
I always have a SL, but it never gets there.
I can tell when i have made a bad trade decision and then i just dump it.

I have often said that i would rather take a few 5 pip losses then hold on to a large drawdown hoping for things to turn around.

In the end, i usually end the day with profit.
But i only scalp M5 so thats a totally different mindset.

keep an eye on 2714 on H1
in wondering about yourself, you forgot what you came here to be part of
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