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Cable Update (GBPUSD)

  • #795,841
  • Dec 8, 2023 1:00am Dec 8, 2023 1:00am
Quoting ScalaFX
{quote} he is consistent, in loosing money, thats why is consistent with spreading shit
Lol, ok buddy. If that helps you sleep at night.
Congratulations ScalaFX for coming out of the closet!
  • #795,842
  • Dec 8, 2023 1:01am Dec 8, 2023 1:01am
Long GU scalp 2565 SL 45 TP 2610
People don't plan to lose. They lose because they don't plan.
  • #795,843
  • Edited 1:35am Dec 8, 2023 1:13am | Edited 1:35am
@ y/day's 2544 lo price tested the bottom 1/2 of the prev minor dly sw hi zone = prev res = pot rbs that starts @ 2559 and extends down to circa 2539. There will now be a L printed on dly @ or below that lo, in the t/f's present general uptrend.

dly below
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Trader with an Edge.
  • #795,844
  • Dec 8, 2023 1:15am Dec 8, 2023 1:15am
My bad
It's short time
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yes yes yes
  • #795,845
  • Dec 8, 2023 1:16am Dec 8, 2023 1:16am
if this pair continues to follow the trend channel as before, then 1.23500 will not be unthinkable either.
D1.
  • #795,846
  • Dec 8, 2023 1:16am Dec 8, 2023 1:16am
Quoting hoda
{quote} Yes, "now" means "now", not "if". with system, if allow. {image}
scalp or longterm?
  • #795,847
  • Dec 8, 2023 1:24am Dec 8, 2023 1:24am
Quoting tiborf71
if this pair continues to follow the trend channel as before, then 1.23500 will not be unthinkable either. D1.
it is NFP today if the data is good then a potential drop to 124 or below could happen (judging by the movement of other recent data releases). It is also how the MM want the year to end
Insane in the Brain..
  • #795,848
  • Dec 8, 2023 1:34am Dec 8, 2023 1:34am
Quoting BeeTogether
{quote} it is NFP today if the data is good then a potential drop to 124 or below could happen (judging by the movement of other recent data releases). It is also how the MM want the year to end
yes, everything points to that so far.
  • #795,849
  • Dec 8, 2023 1:40am Dec 8, 2023 1:40am
Quoting voeltoez
{quote} scalp or longterm?
Scalp.
already close with profit.
Intraday Trading is an Art _ hoda
  • #795,850
  • Dec 8, 2023 1:41am Dec 8, 2023 1:41am
Quoting tiborf71
{quote} yes, everything points to that so far.
doubtful we will see a 160 pip move today
  • #795,851
  • Dec 8, 2023 1:44am Dec 8, 2023 1:44am
Quoting BeeTogether
{quote} it is NFP today if the data is good then a potential drop to 124 or below could happen (judging by the movement of other recent data releases). It is also how the MM want the year to end
"I see" more analysts talking about a stronger US$ to close the year but we still have Powell (who can actually make a difference) talking about wanting a weaker US$. Too bad we couldn't see the pending orders away from the current price and the data on how many traders (value and volume) are sitting at the different price levels... It's like every other data release, a crap shoot!
  • #795,852
  • Dec 8, 2023 1:45am Dec 8, 2023 1:45am
...you can see on 4hr how the area that was supp, then sbr, and then res too, has seen a lot of activity, including sbr/res @ y/day's hi. How much more supply is left there if tested from beneath it?

4hr below
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Trader with an Edge.
  • #795,853
  • Dec 8, 2023 1:46am Dec 8, 2023 1:46am
Looks like the buyers woke up
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yes yes yes
  • #795,854
  • Dec 8, 2023 1:48am Dec 8, 2023 1:48am
Quoting billGU
{quote} doubtful we will see a 160 pip move today
yes, it is unlikely that there will be such a large movement, but the year is not over yet.

it will only be expected.
  • #795,855
  • Dec 8, 2023 1:49am Dec 8, 2023 1:49am
Quoting dantpm
{quote} "I see" more analysts talking about a stronger US$ to close the year but we still have Powell (who can actually make a difference) talking about wanting a weaker US$. Too bad we couldn't see the pending orders away from the current price and the data on how many traders (value and volume) are sitting at the different price levels... It's like every other data release, a crap shoot!
Hi, the truth is, as we've all commented on many times, that none of us know what will happen to price between now and year-end, (or any other time for that matter.) Even the fundie traders are playing an edge/their own analysis of the prevailing fundie/global macro environment - and generally far longer term than tech and/or retail traders. As tech traders, if we have an edge, we just play that and don't have to know the 'why,' interesting though it may be. Everything that is currently known that may affect price is discounted into price @ the hard right edge of the chart.
Trader with an Edge.
  • #795,856
  • Edited 2:52am Dec 8, 2023 1:50am | Edited 2:52am
To and fro always, difficult play smooth. Weekly correction too strong to believe! Anyway pa now, still waiting for a bounce before short again. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #795,857
  • Dec 8, 2023 1:50am Dec 8, 2023 1:50am
Quoting dantpm
{quote} "I see" more analysts talking about a stronger US$ to close the year but we still have Powell (who can actually make a difference) talking about wanting a weaker US$. Too bad we couldn't see the pending orders away from the current price and the data on how many traders (value and volume) are sitting at the different price levels... It's like every other data release, a crap shoot!
damn right most times it’s literally a shot in the dark!
Powell in a way has got his wish , 120 is an expensive dollar. 125 is mid way to 130-140 which would be too cheap thus increasing inflation too.
Insane in the Brain..
  • #795,858
  • Dec 8, 2023 1:52am Dec 8, 2023 1:52am
Should've continued with m1 scalp on UJ,
GU not giving anything solid before NFP.
Exhausted
  • #795,859
  • Dec 8, 2023 1:56am Dec 8, 2023 1:56am
add low risk buy,, 2257
  • #795,860
  • Dec 8, 2023 1:57am Dec 8, 2023 1:57am
H4 about to close and it’s not looking good for bulls atm. Moved down 40 pips today just to test support again?
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