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Cable Update (GBPUSD)

  • #808,241
  • Feb 8, 2024 3:49am Feb 8, 2024 3:49am
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markets are crazy. I don’t exclude at all this to develop.
stop loss in place, I’m not just kidding but atm, looks to me there is not a downtrend. At best, an accumulation.
Nfp last Friday gave important usd strength, can’t deny the fact.
but also, demand is overcoming the move down, and I can’t deny also this.
but there’s not only USA nfp in this world.
90% of traders use TA, indicators and prediction
  • #808,242
  • Feb 8, 2024 3:51am Feb 8, 2024 3:51am
[quote=_BBKing_;14748065]{quote} Well, I tell you a short story. when I was a kid somehow 10/13 yrs old, here in Italy we had problems with: - unemployment - public debt - inflation - immigration - house price inflation - government tax way too high

In my own country of Australia things are definitely worse, inflation thru the roof, thousands of companies going bankrupt in a year and other ills...... these so called Uni educated politicians couldn't organise a pissup at a Brewery!!
Don't Leave Money on the Table
  • #808,243
  • Feb 8, 2024 3:54am Feb 8, 2024 3:54am
Quoting _BBKing_
{image} {image} markets are crazy. I don’t exclude at all this to develop. stop loss in place, I’m not just kidding but atm, looks to me there is not a downtrend. At best, an accumulation. Nfp last Friday gave important usd strength, can’t deny the fact. but also, demand is overcoming the move down, and I can’t deny also this. but there’s not only USA nfp in this world.

Thing is the US is still a monster economy and if the Euros and the Brits aint performing then the US will dominate and right now unless I'm wrong there doesn't seem to be much good economic news coming from Europe....could be wrong
Don't Leave Money on the Table
  • #808,244
  • Feb 8, 2024 3:55am Feb 8, 2024 3:55am
[quote=HaLBot;14748120]
Quoting _BBKing_
{quote} Well, I tell you a short story. when I was a kid somehow 10/13 yrs old, here in Italy we had problems with: - unemployment - public debt - inflation - immigration - house price inflation - government tax way too high In my own country of Australia things are definitely worse, inflation thru the roof, thousands of companies going bankrupt in a year and other ills...... these so called Uni educated politicians couldn't organise a pissup at a Brewery!!
truth is they don’t want to make things works good.
if they wanted things to be good, we would all be living in a fairytale.
while we live in a whole shit and few people become trillionaire, while the rest of the world cannot even eat a piece of bread.

I’m not on any side of political shits, I just see how cruel this world is running.
90% of traders use TA, indicators and prediction
  • #808,245
  • Feb 8, 2024 3:56am Feb 8, 2024 3:56am
...wonder what caused the big jump in the vix last night Uk time 2300pm gmt / 1800pm est?

1hr Vix below
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Trader with an Edge.
  • #808,246
  • Feb 8, 2024 4:00am Feb 8, 2024 4:00am
Quoting HaLBot
{quote} Thing is the US is still a monster economy and if the Euros and the Brits aint performing then the US will dominate and right now unless I'm wrong there doesn't seem to be much good economic news coming from Europe....could be wrong
yes but I have a question
do we really believe the EURO overcomes this much the USD?
why it went as high as 1.60 or so?
and now still above parity? Is there a real reason for this?
I mean. Europe doesn’t even exists. Not yet. Yes, economic alliance. But what’s this shit compared to the United States and the usd?

the euro is being inflated. Whatever the reason, that’s what it is.
And the more it is inflated, the better.
90% of traders use TA, indicators and prediction
  • #808,247
  • Feb 8, 2024 4:01am Feb 8, 2024 4:01am
Where’s the first upside resistance?? After we break yesterday high
Extreme gut feeling trader
  • #808,248
  • Feb 8, 2024 4:01am Feb 8, 2024 4:01am
Quoting Headland
...wonder what caused the big jump in the vix last night Uk time 2300pm gmt / 1800pm est? 1hr Vix below {image}
I’m curious.
what caused it?
90% of traders use TA, indicators and prediction
  • #808,249
  • Edited 4:24am Feb 8, 2024 4:02am | Edited 4:24am
...doji 4hr close on gmt+2 price feed. 1hr bullish engulf. Still rangy/consolidatory intraday and 1hr so far today with 1st false b/o of the Asian lo.

4hr/1hr below
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Trader with an Edge.
  • #808,250
  • Feb 8, 2024 4:03am Feb 8, 2024 4:03am
Quoting montygoldy
Where’s the first upside resistance?? After we yesterday high
near the LOL in my previous chart.
or if you prefer, somewhere between 2680 and 2715 imo.
90% of traders use TA, indicators and prediction
  • #808,251
  • Feb 8, 2024 4:03am Feb 8, 2024 4:03am
Quoting _BBKing_
{quote} near the LOL in my previous chart. or if you prefer, somewhere between 2680 and 2715 imo.
thanks…
Extreme gut feeling trader
  • #808,252
  • Feb 8, 2024 4:05am Feb 8, 2024 4:05am
Trade is now risk free.. tp also set….matter of time we break yesterday high then it will explode
cable give me this tp need to recover all this week cable losses …
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Extreme gut feeling trader
  • #808,253
  • Feb 8, 2024 4:06am Feb 8, 2024 4:06am
Quoting _BBKing_
{quote} yes but I have a question do we really believe the EURO overcomes this much the USD? why it went as high as 1.60 or so? and now still above parity? Is there a real reason for this? I mean. Europe doesn’t even exists. Not yet. Yes, economic alliance. But what’s this shit compared to the United States and the usd? the euro is being inflated. Whatever the reason, that’s what it is. And the more it is inflated, the better.
Somehow it's worked out the Euro worth more than Dollar but when Euro briefly touched $1.60 there was a lot more money sloshing around. Before GFC you would get 100 to 150 pip pumps every other day...

I was actually at my computer the day Euro hit $1.60
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Don't Leave Money on the Table
  • #808,254
  • Feb 8, 2024 4:07am Feb 8, 2024 4:07am
Quoting montygoldy
{quote} thanks…
that’s my h1 chart
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90% of traders use TA, indicators and prediction
  • #808,255
  • Feb 8, 2024 4:13am Feb 8, 2024 4:13am
You shell not pass 1.26351
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yes yes yes
  • #808,256
  • Feb 8, 2024 4:20am Feb 8, 2024 4:20am
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  • #808,257
  • Feb 8, 2024 4:27am Feb 8, 2024 4:27am
Gold flying and cable is fiddling between 2 pips… are we in asian session??
Extreme gut feeling trader
  • #808,258
  • Feb 8, 2024 4:28am Feb 8, 2024 4:28am
Quoting pipfarm
GBPUSD Short set up H4/D1 H4 swing up looks corrective as it is moving against D1/W1 downswing H4 looks like it could be breaking the up swing with a new trend down but still we need to wait for the final confirmation. {image}

There is also the option to long

H1 downswing could be classed as corrective within the H4 upswing which could also be corrective as it is moving against D1/W1 downswing


The two setups will depend on which one creates the turning point first.
Follow The Markets Structure - Patience and Discipline
  • #808,259
  • Feb 8, 2024 4:35am Feb 8, 2024 4:35am
a break of this small range will lead to a trend. then i would buy/sell the breach or the retrace.
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trading is like dancing, don't think and just listen to the music!
  • #808,260
  • Feb 8, 2024 4:35am Feb 8, 2024 4:35am
Quoting montygoldy
Trade is now risk free.. tp also set….matter of time we break yesterday high then it will explode cable give me this tp need to recover all this week cable losses … {image}
it just needs to break 12640.. damn thing is strong! Especially with no impact data to help push it either. I’ve set TP to 127
Insane in the Brain..
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