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Cable Update (GBPUSD)

  • #807,601
  • Feb 5, 2024 2:15pm Feb 5, 2024 2:15pm
Bearish OB unmitigated is around 1.2615
100 pips away.
  • #807,602
  • Feb 5, 2024 2:20pm Feb 5, 2024 2:20pm
Quoting Whale
Bearish OB unmitigated is around 1.2615 100 pips away.
but no buying pressure
  • #807,603
  • Feb 5, 2024 2:24pm Feb 5, 2024 2:24pm
Quoting Godspromise
{quote} but no buying pressure
nothing atm.
  • #807,604
  • Feb 5, 2024 2:24pm Feb 5, 2024 2:24pm
Quoting Whale
No magics today. Structure hold on all TF's. price sits on OB, will hold?
I remember I had some shorts to target this area 2530 , then closed during the unlimited range.
For what I see atm, looks like the move will go through the 1.2500
the lower eventually will take a breath and come back up a bit.
i suspect this is going to happen somewhere between 1.2380 and 1.2450

just an idea atm, I’m not in any position.
1.2500 should provide anyway a bounce.
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  • #807,605
  • Feb 5, 2024 2:25pm Feb 5, 2024 2:25pm
this Friday daily was different and that's why it didn't hold
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  • #807,606
  • Feb 5, 2024 2:30pm Feb 5, 2024 2:30pm
Below the 1.2500 in case it will not provide buyers
i have a 50pips range area between, the 1.2495 and 1,2445
that is pretty tasty to catch a long
90% of traders use TA, indicators and prediction
  • #807,607
  • Feb 5, 2024 2:35pm Feb 5, 2024 2:35pm
who remembers this chart?
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  • #807,608
  • Feb 5, 2024 2:37pm Feb 5, 2024 2:37pm
Quoting Mitiblotch
who remembers this chart? {image}
I don’t!
sorry

Well, good if you got it whole
i was in chicken mode and waited the b/o today
90% of traders use TA, indicators and prediction
  • #807,609
  • Feb 5, 2024 2:39pm Feb 5, 2024 2:39pm
I wonder how many selling that yellow area

bullish b/o of that, could probably mean good demand coming.
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90% of traders use TA, indicators and prediction
  • #807,610
  • Feb 5, 2024 2:39pm Feb 5, 2024 2:39pm
Quoting BigNumbers
Todays daily candle must not close above 1.25337... that's the limit it can go for today.

when price successfully close below 1.25337. The implication is that

1 A new daily support zone has been formed, how ever we are trading below the support. If there is going to be any buy tomorrow, price would have to break above the support acting as resistance.

But if price close above 1.25337. Then we would trade to formed a support tomorrow early hours. which means there was no decision today!
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  • #807,611
  • Feb 5, 2024 2:41pm Feb 5, 2024 2:41pm
Quoting OperaniyiFx
When I say 100% win rate someone got angry at my post… how many red did u see here ? {image}
Very impressive!
You cannot fail if you never give up.
  • #807,612
  • Feb 5, 2024 2:41pm Feb 5, 2024 2:41pm
Now they are trying to make a decision. That’s why price is hovering around 1.25337
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  • #807,613
  • Feb 5, 2024 2:44pm Feb 5, 2024 2:44pm
Quoting DrDave
{quote} I can assure that even having a live Trade Explorer running for an entire year for people to check still leaves unbelievers. Must be manipulaed, photoshopped, and on-and-on. Best to just ignore all of the comments about win rate.
I want to see your trade explorer. I like to learn from winners.
You cannot fail if you never give up.
  • #807,614
  • Feb 5, 2024 2:48pm Feb 5, 2024 2:48pm
Quoting _BBKing_
{quote} yes true., possible level im just following the move. trying to, at least. possible to see it reaching into 149 area even extend to 149,70/80 tight sl btw. Already moved @be
cashed out on uj

its definetly scary buying into a resistance.
and I need to sleep.
90% of traders use TA, indicators and prediction
  • #807,615
  • Feb 5, 2024 2:58pm Feb 5, 2024 2:58pm
Quoting _BBKing_
{quote} cashed out on uj its definetly scary buying into a resistance. and I need to sleep.
if I don't get a substantial jump indicating buying pressure by 4:45 4:50 pm am out until a see either selling or buying opportunities
  • #807,616
  • Feb 5, 2024 3:21pm Feb 5, 2024 3:21pm
Sell USDCAD at 1.3537
  • #807,617
  • Feb 5, 2024 3:25pm Feb 5, 2024 3:25pm
Quoting aahmad29
After applying this method on Gold, EURUSD and AUDUSD; i am starting to use this method on GBPUSD. Lets see how it goes because each currency pair has its own tendency. February 05, 2024 GBPUSD How to Use? Here is full detail with chart and pending orders. On the chart, there are two lines. Blue and Pink. Price levels on blue line are for Buy Stop order. Price levels on pink line are for Sell Stop order. Blue line (Buy Stop order) start at the level of 0.236 ( you can check the price tag of each level on the chart). Pink line (Sell Stop Order) start...
Sell stop triggered and hit both TP1 and TP2

Buy stop triggered and hit TP1. SL was moved to BE and then SL hit at BE
Love for all; Hatred for none.
  • #807,618
  • Feb 5, 2024 3:25pm Feb 5, 2024 3:25pm
Quoting Godspromise
{quote} if I don't get a substantial jump indicating buying pressure by 4:45 4:50 pm am out until a see either selling or buying opportunities
well, somehow the thing is rising.
problem is I got in at very relatively high price 148.50.
ok stop @be but I preferred to cash these 20pips
a move up is possible but also a quick retrace on new daily open and that would mean be hit @be

so, all this considered, I prefer waking up tomorrow, find price @150 and say “well ok I got at least 20pips” instead of waking up find the price @150 and see I got stopped out @be and price reversed exactly after that.

moving SL larger was not an option
90% of traders use TA, indicators and prediction
  • #807,619
  • Feb 5, 2024 3:34pm Feb 5, 2024 3:34pm
Quoting aahmad29
{quote} Sell stop triggered and hit both TP1 and TP2 Buy stop triggered and hit TP1. SL was moved to BE and then SL hit at BE
interesting approach
daily open price importance is always underestimated by many traders.
while there are good reasons to use that line as entry/close

I’m not really a fun of stop orders, but I know that if used correctly can be helpful
i also used in the past as protection from drawdown. Then gave up and preferred using tight sl
90% of traders use TA, indicators and prediction
  • #807,620
  • Feb 5, 2024 3:37pm Feb 5, 2024 3:37pm
Quoting 7154Superman
{quote} I want to see your trade explorer. I like to learn from winners.
I disabled it a couple of years ago. It served its purpose.

You can look here as well as read my posts on this thread (even on other threads).
To free Gazans of Hamas, use whatever it takes.
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