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Cable Update (GBPUSD)

  • #795,981
  • Dec 8, 2023 8:41am Dec 8, 2023 8:41am
Quoting fontu
{quote} yeah done , the unexpected way down first ! 2506 the last limit broken , so top failed logically , still on many supports , last tl may arounds 2448 and so next try up as far possible , at least before the news price to become neutral ! first time hedge now days between 2 accounts as test , nothing great /ok , one go and another ru perfect ! take care {image}

see what D1 says.
just a suggestion.
  • #795,982
  • Dec 8, 2023 8:47am Dec 8, 2023 8:47am
Quoting Whale
{quote} if current hour close above 1.2546 run away.
Today may produce December low.. if that happens, expect 1.3050 this December.
Data + Stat + Risk/Emotions Management
  • #795,983
  • Dec 8, 2023 8:49am Dec 8, 2023 8:49am
Quoting Whale
{quote} bearish.. but i think it will be ugly.

yeah i know what you mean there will be some thrashing around by the bools as theyre being led into the packing house to be made into hamburgers but ill wait for daily close on my dollar chart to see if i close out or still hold ...i got a target of 105ish so means 2400 on GU


quote from yesterday

Quoting Zebi
ok let me give my reasoning why GU will drop to 2400 december 3rd i posted this chart saying dollar was boolish https://www.forexfactory.com/attachm...2?d=1701801261 than a few days later i said this {quote} an hour after that i switched to futrures chart to show a inv. H+S since my capitalcom chart getting crowded with text {quote} remember this cause the next chart will blow your minds so not only did the dollar bounce from support today it made the right shoulder all in one day LOL... look at that baby....the...
short trump and go long the deepstate
  • #795,984
  • Dec 8, 2023 8:52am Dec 8, 2023 8:52am
Quoting tiborf71
{quote} see what D1 says. just a suggestion.
thanks , no worry i see it too! not believe what i see always blindly ! always conservative while scalping ! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #795,985
  • Dec 8, 2023 8:52am Dec 8, 2023 8:52am
come on
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yes yes yes
  • #795,986
  • Dec 8, 2023 8:53am Dec 8, 2023 8:53am
almost all the trades won after my bad start of the day 156 $ loss
now 185 in profit
341 $ come back
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yes yes yes
  • #795,987
  • Dec 8, 2023 8:53am Dec 8, 2023 8:53am
Quoting Georginson
{quote} Today may produce December low.. if that happens, expect 1.3050 this December.
it will have to break below todays low for that, could happen after the next data release in a few mins
Insane in the Brain..
  • #795,988
  • Dec 8, 2023 8:54am Dec 8, 2023 8:54am
Quoting Georginson
{quote} Today may produce December low.. if that happens, expect 1.3050 this December.
how are you George,
i dont trade long term.
only trend and 30m-4h setup for intraday.
for your goal i wanna see price holding well above 1.265
  • #795,989
  • Dec 8, 2023 8:57am Dec 8, 2023 8:57am
...108% of both 30day adr and 13wk awr traveled so far today/this last day of trading week. @ current dly lo a prev minor 1hr sw lo x 2 zone from 23rd Nov last, = prev supp = pot supp. Current dly lo will probably become a prev 30min sw lo zone in a couple of mins.

1hr below
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Trader with an Edge.
  • #795,990
  • Dec 8, 2023 9:01am Dec 8, 2023 9:01am
Consumer sentiment better than expected but GU going up!
Insane in the Brain..
  • #795,991
  • Dec 8, 2023 9:03am Dec 8, 2023 9:03am
Quoting Headland
...108% of both 30day adr and 13wk awr traveled so far today/this last day of trading week. @ current dly lo a prev minor 1hr sw lo x 2 zone from 23rd Nov last, = prev supp = pot supp. Current dly lo will probably become a prev 30min sw lo zone in a couple of mins. 1hr below {image}
I think Market decides to eat both sides today.
Exhausted
  • #795,992
  • Dec 8, 2023 9:04am Dec 8, 2023 9:04am
Quoting Georginson
{quote} Today may produce December low.. if that happens, expect 1.3050 this December.
Drop was really hard, I was down almost 10 days avg. return. I closed all with 8 days avg. profit - it was a bit a gamble but the drive was very sharp down. I don't like how markets currently behave. GBP/USD is almost worst besides USD/CHF. Lots of small fake moves and than again long, long drives without even small consolidations. We come also to the end of the year, so be careful, extremes occur mostly in that time.

Waht we saw today was complete crazy and has nothing to do anymore with normal market behaviour. After Datas from US we were dropping hard (correct cause datas were extremely bullish for USD ->Rate hike possibility even more up) than complete turnaround until gap closed (very uncommon for such news) and than drop hard again. For me this is pure market manipulation of the big 4. But they can do what they want, no one gets suet for that.
  • #795,993
  • Dec 8, 2023 9:05am Dec 8, 2023 9:05am
Quoting Georginson
{quote} Today may produce December low.. if that happens, expect 1.3050 this December.
You know those December's when price just keep going up non stop. Maybe we get that again. But in this case they'll frustrate all bulls first.
  • #795,994
  • Dec 8, 2023 9:07am Dec 8, 2023 9:07am
So rediculous... GBP/USD jumps up on extreme good USD news. Consumer Sentiment exeeced the wildest expactations. Prepare for huge drop on GBP/USD. All on red fundamentally. New rate hike incoming.
I said that already before: We now had already 6-7 figures which show cooling has ended and we get into a new upward cycle on US. That means more rate hikes will probably come. I think january will show cause christmas consume could also be a reason for that crazy bullish US numbers.
  • #795,995
  • Dec 8, 2023 9:07am Dec 8, 2023 9:07am
...nice big tradable swings on the lower t/f's. Still potential for a falling wedge on 4hr if current dly lo firms up as a fractal swing on that t/f

1hr then 4hr below
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Trader with an Edge.
  • #795,996
  • Dec 8, 2023 9:08am Dec 8, 2023 9:08am
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yes yes yes
  • #795,997
  • Dec 8, 2023 9:08am Dec 8, 2023 9:08am
Quoting Pat Chiko
GU Long FVG /RSF zone {image}

GU

Made 1st block trade during that crazy news event, and prices were moving like a bat out of hell.
I had to use the M5 timeframe to see what was going on.

Normally, when big news drops and the price breaks out, it usually comes back to retest the breakout level.
Knowing this, I took the first trade when the price hit the FVG. Boom, cashed out at the supply zone, where the initial break out occur on the news event.!
Attached Image (click to enlarge)
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For the second trade, I switched to the H4 timeframe and waited for the price to retest the H4 FVG.
This was basically confirmation that the price was going up, and it gave the market a chance to grab some more liquidity before the big move.
By the way, marked as MSS were the levels where the market started to shift in Nov, where price revisit today and rejected it.

Pretty cool, right?
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #795,998
  • Dec 8, 2023 9:09am Dec 8, 2023 9:09am
Quoting JackintheBox
So rediculous... GBP/USD jumps up on extreme good USD news. Consumer Sentiment exeeced the wildest expactations. Prepare for huge drop on GBP/USD. All on red fundamentally. New rate hike incoming. I said that already before: We now had already 6-7 figures which show cooling has ended and we get into a new upward cycle on US. That means more rate hikes will probably come. I think january will show cause christmas consume could also be a reason for that crazy bullish US numbers.
Hi. Clearly not the way the market sees it at least on it's initial reaction. I think 'soft landing' is the buzz phrase that JP and Yelland/Biden are hoping for. Also that UOM data although red-flagged by this site isn't historically that big a deal.
Trader with an Edge.
  • #795,999
  • Dec 8, 2023 9:10am Dec 8, 2023 9:10am
Technical correction

im watching 1.26175
  • #796,000
  • Dec 8, 2023 9:11am Dec 8, 2023 9:11am
Quoting Georginson
{quote} Today may produce December low.. if that happens, expect 1.3050 this December.
500 pips up? How did you come up with this? Do you have any statistics or something?
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