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Cable Update (GBPUSD)

  • #796,481
  • Dec 12, 2023 7:37am Dec 12, 2023 7:37am
Quoting martinez1
{quote} It still has more room to go, am thinking till today ADR
Yes, just as i said, yesterday long ADR achieve/touch . More green pips to us all.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #796,482
  • Dec 12, 2023 7:39am Dec 12, 2023 7:39am
Quoting kelvinftg
TA sometimes seriously don’t mean anything at all… all those 4H long wicks at support zone inside a falling channel and this thing is still doing this for few days… How much patience is required for swing trading seriously? With that said, 1.2550 should be a great place to bounce and actually attempt to break 1.2600 for once! Then after to try for 1.2720 again..
1.2600 being a cockblock once again. This res needs to be broken clearly for any continuation of upmove. Downward channel breached but needs to close above 1.2600 for 1H and 4H to have nice long bull candles.
  • #796,483
  • Dec 12, 2023 7:41am Dec 12, 2023 7:41am
Quoting Elysion
Short tf outta it, 1.26 reached. Now go 1.25
H4 close red candle, c'mon. do it.
Exhausted
  • #796,484
  • Dec 12, 2023 7:42am Dec 12, 2023 7:42am
We have seen worst with NFP

Could it be tomorrow DOT PLOT FED economic projection not in line with the 125bps market FED rate cut 2024?
i.e FED dot plot will project a less than 125bps rate cut in 2024, since Powell clearly stated he want to hold for a much longer period than the market is expecting.
More time in the market, does not mean you trade better!
  • #796,485
  • Dec 12, 2023 7:44am Dec 12, 2023 7:44am
Wickedly naughty spike took out SLs on both side! US data was green so maybe a not so dovish fomc this week? Maybe this could trigger the drop to 125 or below? Hard to say as there are many support levels here
Insane in the Brain..
  • #796,486
  • Dec 12, 2023 7:45am Dec 12, 2023 7:45am
Quoting Moty
{quote} THe mf Stopped hunt Took short {image}
Tp daily pivot 1.25572
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yes yes yes
  • #796,487
  • Dec 12, 2023 7:46am Dec 12, 2023 7:46am
Out for now, securing profits first.
Will look to re-enter at a better position.
Exhausted
  • #796,488
  • Dec 12, 2023 7:47am Dec 12, 2023 7:47am
Hi, not sure if this is the right thread to post regarding a good trading system. It has generated consistent profits for over 6 years. The live performance can be viewed at https://www.fxblue.com/users/bluehorizon1
If you would like more details, please private message me.
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Jud
  • #796,489
  • Dec 12, 2023 7:48am Dec 12, 2023 7:48am
Quoting ScalaFX
LQ taken, lets see candle close
Im done, sometimes best what you can do is wait for best entry
People don't plan to lose. They lose because they don't plan.
  • #796,490
  • Dec 12, 2023 7:49am Dec 12, 2023 7:49am
Note to myself, to enter the market 30 minutes away from data release.
Risk Management is of utmost importance!
  • #796,491
  • Dec 12, 2023 7:50am Dec 12, 2023 7:50am
Quoting RCtrader
Note to myself, to enter the market 30 minutes away from data release.
Will be better bcuz of hourly candle + H4 candle close.
Exhausted
  • #796,492
  • Dec 12, 2023 7:52am Dec 12, 2023 7:52am
Quoting Zebi
im gona give another example like i did about NFP... if you go back in time to 2010 cpi has disappointed only 3 times in 13 years in december... i didnt do 08 or 09 since those were the financial meltdown years.... you have to take the month into consideration gentlemen so just like the fools that fantasized the NFP was gona disappoint the same dorks have another chance for abject failure and losses a miss is possible but not very probable so my scenario is a down week in GU till friday when dollar hits...
i wasnt in any rush to wake up early today cause i already knew what cpi was gona do yesterday LOL

dont be losers gentlemen and use your heads


work smarter not harder
short trump and go long the deepstate
  • #796,493
  • Dec 12, 2023 7:53am Dec 12, 2023 7:53am
minimum correction up over 2612 done , ,can do more though towards 2651 but tested a best sell areas for 2517 play . miss sell activation ., so watching sr 2542/30 , even 2510 if back again there !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #796,494
  • Dec 12, 2023 7:53am Dec 12, 2023 7:53am
All out!!!!
Great day for me
Started the day with 890 $ , now with 1190 $
Look at the stopped position, it started at 1.25880 , dropped 28 pips to 1.25600 and went to 1.26085 in 1m candle
If I wasn't stopped out, i would have made 120 $
But sti i am Very happy with the end
Yes yes yes
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yes yes yes
  • #796,495
  • Dec 12, 2023 7:57am Dec 12, 2023 7:57am
Quoting Moty
All out!!!! Great day for me Started the day with 890 $ , now with 1190 $ Look at the stopped position, it started at 1.25880 , dropped 28 pips to 1.25600 and went to 1.2685 in 1m candle If I wasn't stopped out, i would have made 120 $ But sti i am Very happy with the end Yes yes yes {image}
congratulations and little advice, stop trading today and relax, take a beer and watch some movies
People don't plan to lose. They lose because they don't plan.
  • #796,496
  • Dec 12, 2023 7:59am Dec 12, 2023 7:59am
Traded the news. Very fast on USD/JPY, traded 4 pairs simoultaneously. Closed all now.

Anyway, I told that over and over again: We are entering a new inflation cycle in US - even if professionals like "nabcake" does not want to here any predictions. That is the 8th number which is showing no cooling down - it is not going up like in the first cycle but the numbers show significantly that economy goes into another upcycle, also the prices (may be less powerful but it is there).

USD should have been stronger which finally came to view last minutes. Typical fake move in the beginning after news. Market is currently not in sync with the news. Let's see how long they can still ignore another upcycle in US economy.
  • #796,497
  • Dec 12, 2023 8:01am Dec 12, 2023 8:01am
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yes yes yes
  • #796,498
  • Dec 12, 2023 8:01am Dec 12, 2023 8:01am
What I mean by "market is not in sync with the news" means the overall picture since few weeks now, since the numbers started to not cooling down anymore. I think big boys have to switch their positions now again and that takes time. That's may be one reason why GBP/USD is still quite "high" for latest news.
  • #796,499
  • Dec 12, 2023 8:02am Dec 12, 2023 8:02am
Quoting Moty
{image}
It may go lower rather than pullback.
Becareful.
Don't overtrade.
Exhausted
  • #796,500
  • Dec 12, 2023 8:07am Dec 12, 2023 8:07am
lets go go 2400
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