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Cable Update (GBPUSD)

  • #821,441
  • Apr 12, 2024 11:30am Apr 12, 2024 11:30am
Quoting T721
{quote} Whelp someones gotta make money so might as well be us

if you guys are dealing drugs I want in on it
short trump and go long the deepstate
  • #821,442
  • Apr 12, 2024 11:39am Apr 12, 2024 11:39am
Quoting Zebi
{quote} if you guys are dealing drugs I want in on it
  • #821,443
  • Apr 12, 2024 12:07pm Apr 12, 2024 12:07pm
EUR/USD hit the LAST SUPPORT on MN TF. If price breaks this low today by even a few pips, that should mean that EUR/USD is a knife that will keep sharpening on the way down. Parity is a very reasonable probability.

On GBP/USD the LAST SUPPORT on TF is 1.21 sharp. If we calculate that into equation if we consider GBP/USD will stop dropping at this Support at 1.21, then EUR/USD should drop below 1.04 at least!

We should very soon how this will all play out. For now, it looks terrible for EUR and GBP due to this war ramping up between Iran and US. Also, Fed heads talking about rate cuts later in the year and ECB heads talking about rate cuts in June and BOE heads as well.

USD/JPY still bullish. Gold and Silver finally in the process of creating a retracement.

It does seem that USD isn't done yet. When EUR/USD MN Support fails (if it fails), then I'll look at GBP/USD only, because I'll have no more Support on EUR/USD charts.

However, H1 EUR/USD & GBP/USD does seem to be creating a H&S Pattern in my opinion.

GBP/USD

S1 1.232
S2 1.223
S3 1.21

Below that... mayhem. Anything is possible below that.
  • #821,444
  • Apr 12, 2024 12:16pm Apr 12, 2024 12:16pm
Quoting Coreg2004
{quote} {quote} viktoriaxz, I don't know if you are using the time to pinpoint the correction's end. Min. time to complete wave C is on April, 18 and the price should reach at least @1.2354 (the end of AB=CD pattern). That's theory. Sure, we don't know how swing BC unfolds.{image}
All is possible. 1.2354. Its out of channel daily . I say buy over 1.25. Here all can be . I dont sell dont buy here. Its your decision what to do here. Some people can short till 1.24.
I use some trend indicator, its a little be late,with lag. But when it turns with lag ,it turns. Yes no reverse on h4 and daily. But it show reverse with lag.Daily this is several days reverse.
It can be W like reverse on daily.
  • #821,445
  • Apr 12, 2024 12:34pm Apr 12, 2024 12:34pm
Nearest short term line I have is 2471
price didn’t even get there on pullback + “take profits “
maybe at new week.
reaching it would tell if there possibilities to get near 2500 again.

atm, still strong pressure down so far.

took opportunity to scalp short 2460 to 2440.
leaving higher position over the weekend since its small but still with stop @be
90% of traders use TA, indicators and prediction
  • #821,446
  • Apr 12, 2024 12:46pm Apr 12, 2024 12:46pm
Ok i say. two idicators of trend. Daily sell(with lag),4 H sell with lag. weekly green hold(here it looks like correctoion). Another weekly -from last week two red candles, and i dont like it. Daily and 4h i wait. lets wait indicator with lag .
  • #821,447
  • Apr 12, 2024 12:54pm Apr 12, 2024 12:54pm
Inserted Video
  • #821,448
  • Apr 12, 2024 2:49pm Apr 12, 2024 2:49pm
Quoting Waveskierrob
{quote} ...well done Leon, I see why you're showing you TE again....this is the reason why I don't trust TE, folks don't have the balls to show when it goes against them... {image}
TE is showing over 2600 pips in the red, it’s hardly going for him.
Compulsions can be hard to resist
  • #821,449
  • Apr 12, 2024 2:50pm Apr 12, 2024 2:50pm
Quoting trumps
{quote} It's not in the bank yet, still got over 30 pips to go
Got there thankfully
Compulsions can be hard to resist
  • #821,450
  • Apr 12, 2024 10:07pm Apr 12, 2024 10:07pm
Quoting trumps
{quote} TE is showing over 2600 pips in the red, it’s hardly going for him.
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  • #821,451
  • Apr 13, 2024 12:13am Apr 13, 2024 12:13am
Quoting Waveskierrob
{quote} Sorry buddy but this is not the place for these posts, if you care to make a thread I would be happy to have a civil discussion about it ...
Fine... but fights and all of the other bullshit is allowed?
  • #821,452
  • Apr 13, 2024 12:20am Apr 13, 2024 12:20am
Quoting Whatevs
{quote} Fine... but fights and all of the other bullshit is allowed?
You said it ...
  • #821,453
  • Apr 13, 2024 1:44am Apr 13, 2024 1:44am
Quoting 7154Superman
{quote} All you need to do is reduce the risk, and be content with small gains because it all adds up over time. If EUR/USD drops another 25 pips to 1.0815 tonight or tomorrow, then I will cash out with good profit. Total profit will then be over $1,100 for this year. Invested $1,900, gained over $1,100 (+58%) in 3 months, total account balance over $3,000. Keep compounding that, and what do you get by the end of the year? At that rate, my account balance should be $12,000 by the end of the year. That's multiplied over 6 times for 1 year. Then 3...
On Thursday, last week, I got word of my brother in law dying from cancer, so I closed all trades at small profit on Friday, pulled out all funds (with +$970 profit since January 3rd ) to pay for the 2,200+ mile round trip on the road + pay for my vacation expenses and normal living expenses, since I wasn't working. I traveled with my van from Pennsylvania to Arkansas over the weekend, took a vacation off trading for almost a week. He died Monday morning. Heading back home now.
So, I decided to start over with a new Pro Trading System. This time, with only one account. Keeping it simple. Wait for the right timing, go all in (max 50:1 leverage) with stop loss at -5%, TP at +50%. Once trade is entered, get off the trading account, and do not check it again until about an hour before close of trading day. Then, if it didn't get stopped out, decide whether to close trade or leave it in and move stop to B/E, repeat only once every day. I am open to trading any currency pair. If it gets stopped out or closed, then do not continue trading that same currency pair or any pair with the same currencies for at least one whole day. For the next day, I must trade another pair that's completely unrelated to avoid revenge trading.
I'm starting with a demo account of $100k (Level 1). Goal is +100% ROI, then replace it with $100 Live (Level 2). Gain +100% ROI with that, then deposit another $200 (Level 3). Gain another +100% ROI, then deposit $700 (Level 4). Gain another +100% ROI, then withdraw $500.
From there on (Level 5 and up), withdrawing approximately 35-50% of the profit after gaining +100% ROI on each level.
Yesterday morning, I saw that CAD/JPY was set to dump, so I entered a short position with max available leverage. (I think it's 20:1 or 25:1 leverage for that pair.)
Stop loss at -5%, TP at +50% ROI.
Before the end of day, when I checked it, it had dumped good, then also bounced pretty good, and looked like it might go up again, so I closed at around 30 pips profit (+5.54% ROI) for the day.
Not bad to start with.
See ya next week.
You cannot fail if you never give up.
  • #821,454
  • Apr 13, 2024 1:48am Apr 13, 2024 1:48am
checking poa to prepare for next week ,got a n early top failure at 2493 already , next sr goes to 2331, breaks 2212 real breakout level , may little bounce before further down 1806 and last belew 1791 , may extend to 1389!! so bi or medium , trend possible bear continue and likely no so in last week straight line , range down . just more down than corresponding eu ! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #821,455
  • Apr 13, 2024 2:16am Apr 13, 2024 2:16am
Eyes at 1.15
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #821,456
  • Apr 13, 2024 2:36am Apr 13, 2024 2:36am
Quoting Whatevs
{quote} Many people are turning atheist. However, even fake science tried to disprove God's existence and failed miserably. I'll stick with God in this life... I find it funny how people think they're intelligent enough to claim is was anything else but the work of God. God made everything and we idiots cannot make one thing that lasts more than 6 months before replacing and we're trying to disprove God's existance ....
Nice to see you admit to being an idiot....
  • #821,457
  • Apr 13, 2024 3:01am Apr 13, 2024 3:01am
Moty can you get that GU rocket ready for next week. I have bills to pay
Insane in the Brain..
  • #821,458
  • Apr 13, 2024 3:18am Apr 13, 2024 3:18am
Quoting Nala66
{quote} Nice to see you admit to being an idiot....
Compared to The Maker we are. Ok, not idiots, but greatly less intelligent. Sounds better?
  • #821,459
  • Apr 13, 2024 4:34am Apr 13, 2024 4:34am
april 15th


the most dreaded day of the year for Americans and its Monday
Inserted Video
short trump and go long the deepstate
  • #821,460
  • Apr 13, 2024 4:55am Apr 13, 2024 4:55am
that was some day for me friday .... I'm still experiencing residual scrotal and groinal pain from my drawdown

zebi don't like pain in that region

I stress in here to look at and trade the dollar chart instead caring about gbp and I forgot to follow my own advice Friday cause I had a brain fart

I'm still long GU and will get out on a bounce this week since GU fell all the way to and filled the monthly average range in just 1 week LOL...

the dollar chart is taking no prisoners ...its gonna hit last octobers highs like I been saying since the saudis joined the bric nations in January

biden is a sure winner in November and that's why dollar on top of all the other reasons is going up

here's a weekly chart..pink lines are monthly and black are yearly average range which we'll prolly get to in another couple months...or by the fourth of july when we celebrate beating the British so having cable keep falling till then would be even nicer for me than shooting off fireworks LOL ...you all can pull up a dollar chart and witness how it destroys other peoples currencies
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short trump and go long the deepstate
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