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Cable Update (GBPUSD)

  • #803,541
  • Jan 18, 2024 1:57am Jan 18, 2024 1:57am
Quoting dantpm
{quote} Not sure why you see it as an insult. Observation only.
no, stop using it.. this is very stupid to say it.
  • #803,542
  • Jan 18, 2024 1:57am Jan 18, 2024 1:57am
shorting but will exit if market move north in London session
let see
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  • #803,543
  • Jan 18, 2024 2:01am Jan 18, 2024 2:01am
For me GU is in no trade zone now. Will enter once it reaches the trading zone
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Read the chart... Fundies are catalyst...
  • #803,544
  • Jan 18, 2024 2:03am Jan 18, 2024 2:03am
...so small upside follow-thru on y/day's bullish dly candle so far today, but no upside break of Asian hi yet, as Uk equities open. 1hr in a messy general uptrend?

1hr below
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Trader with an Edge.
  • #803,545
  • Jan 18, 2024 2:14am Jan 18, 2024 2:14am
Quoting azhantahir
{quote} Candle Reversal Signals
Oh thanks.
Candlestick formation at the strong level indeed confirms a level (hold and bounce or indicates a BO).
Forex tool is known by many names, but at the end of the day, new names explains old concept.

Speaking of which
Knowing which level to enter the market is more important than the candle reversal signals
Daily Nas100
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Quoting Fardeen1209
{quote} pointing to $17.4k.
Cause majority of the time, CRS is a great tool, but it comes with reduced rewards and higher risk, as price already run away from Liquidity pool.
4hr
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Trading the liquidity pool gives me the best trade so far with very little risk and low probability to be stopped out
More time in the market, does not mean you trade better!
  • #803,546
  • Jan 18, 2024 2:17am Jan 18, 2024 2:17am
Quoting montygoldy
{quote} was kidding lol.. holding them tight for london spike… sl will be 1.26800 {image}
Missed by thiiiiiis much?
  • #803,547
  • Jan 18, 2024 2:25am Jan 18, 2024 2:25am
Quoting Georginson
Hello guys, it's been a very sluggish start to the year with just 190 pips range this January so far and at least 300 pips is expected this January. Above 1.2720 points at 1.2900, Below 1.2720 points at 1.2500... Should January have 300 pips or lower range, expect 600 - 750 pips range in February. Trade with extreme caution this early 2024.
Absolutely agree. This month cable, like most of majors seems very hard to trade. I ve found a treasure going long on swissie at the end of the year, considering a monthly bottom reached on my system. With multiple entry from .8371 to .8476 i think to have done the best choice. Furthermore, future DX contract expiring on march after these to weeks shows bulls in full control. So the recipe the strongest vs the weakest never disappoints.
chaos is just unknown order
  • #803,548
  • Jan 18, 2024 2:25am Jan 18, 2024 2:25am
Quoting mallee
{quote} Missed by thiiiiiis much?
yeah once in a blue moon when my luck shows up at the last moment
Extreme gut feeling trader
  • #803,549
  • Jan 18, 2024 2:29am Jan 18, 2024 2:29am
Quoting montygoldy
{quote} yeah once in a blue moon when my luck shows up at the last moment
If I'd had your lots on it , my arsehole would have been as tight as.
  • #803,550
  • Jan 18, 2024 2:30am Jan 18, 2024 2:30am
Quoting Pat Chiko
{quote} GU update. (setup for sell model){image}
GU

rejection to OB at L.
Broken structure at H1
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #803,551
  • Jan 18, 2024 2:36am Jan 18, 2024 2:36am
...bulls are certainly struggling with this prev 1hr/4hr sw lo zone = prev res = pot sbr / 61.8% 2766-2596 move, right now. On 4hr said zone extends up to circa 2710 and above that, amongst other pot res/sbr factors, are 2 x fibs and Dly R1 in a 2712-16 upside cluster, 2713 being 61.8% of the 2785-same 2596 move. The 50% shown in that cluster, on the chart below, is the 50% of the total 2828-2596 recent fall off last Dec's hi. Next upside 3 fib cluster is 2739-42.

4hr below
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Trader with an Edge.
  • #803,552
  • Jan 18, 2024 2:38am Jan 18, 2024 2:38am
Sell GBPJPY at 187.73
  • #803,553
  • Jan 18, 2024 2:43am Jan 18, 2024 2:43am
Quoting Whale
Warning, price will get buyers downside {image}
I decided to
long 1.269 no sl
tp 1.2725
  • #803,554
  • Jan 18, 2024 2:48am Jan 18, 2024 2:48am
Quoting mallee
{quote} If I'd had your lots on it , my arsehole would have been as tight as.
aah dont worry about the lots those are prop firms simulated funds…
Cumulative sl at 1.26800 targetting 1.27280
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Extreme gut feeling trader
  • #803,555
  • Jan 18, 2024 2:51am Jan 18, 2024 2:51am
...there is a (so far historically weaker) pattern of 4hr bearish hidden div present which may stay valid so long as price below 2785. Of course there is no real dly (next higher t/f in this t/f combo) downtrend to enter after such a p/back, which adds to the lo-probability of the repeating pattern/set-up. This is not to see however that the sub 50% probability won't play out! The area circled on chart below may be the next block of supply if the prev sw lo zone where current dly hi is, breaks to upside?

4hr below
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Trader with an Edge.
  • #803,556
  • Jan 18, 2024 2:52am Jan 18, 2024 2:52am
Quoting birdland
the big and small sell&buy zones for today {image}
the shorts have not developed as desired, so i have pulled the emergency brake;-)

maybe i try again in the red filled zone to short
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trading is like dancing, don't think and just listen to the music!
  • #803,557
  • Jan 18, 2024 2:57am Jan 18, 2024 2:57am
Quoting Whale
{quote} I decided to long 1.269 no sl tp 1.2725
Longed GU as well. Its consolidating there for too long
  • #803,558
  • Jan 18, 2024 3:03am Jan 18, 2024 3:03am
Quoting Headland
...there is a (so far historically weaker) pattern of 4hr bearish hidden div present which may stay valid so long as price below 2785. Of course there is no real dly (next higher t/f in this t/f combo) downtrend to enter after such a p/back, which adds to the lo-probability of the repeating pattern/set-up. This is not to see however that the sub 50% probability won't play out! The area circled on chart below may be the next block of supply if the prev sw lo zone where current dly hi is, breaks to upside? 4hr below {image}

that red circle area is also the week’s opening area. that could become a resistance zone as we didn’t see much above 12750 on Monday.
Insane in the Brain..
  • #803,559
  • Edited 3:26am Jan 18, 2024 3:16am | Edited 3:26am
I think we need visit around 1.2640 before any move up

Sell here @ 1.2685
Target @1.2640
Gbp need slide down, USD is gaining momentum and it's gearing up
  • #803,560
  • Edited 3:29am Jan 18, 2024 3:18am | Edited 3:29am
Stop hunted at 1.2680...doesn't matter rebought for the rebound now that DXY coming of highs...

Also Euro at 1.0892
Don't Leave Money on the Table
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