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Cable Update (GBPUSD)

  • #831,421
  • Jul 5, 2024 1:17am Jul 5, 2024 1:17am
Quoting BeeTogether
{quote} really surprised that there wasn’t any movement with the result and it has stayed in the same zone since around 1.3@ pm yesterday. (UK time). NFP later today may hold key for next weeks action.
The no movement is caused by pricing in of the result which had made price bullish even before now. Bulls seem exhausted any improvement on US job data than forecast will send the pair crashing aggressively below 1.26 in days ahead.
Data + Stat + Risk/Emotions Management
  • #831,422
  • Edited 7:19am Jul 5, 2024 1:18am | Edited 7:19am
i added a long on bitcoin to average down and get myself out of this mess
and lowered my tp to my original long area..should be able to test today's open before drops again


corgi...first ever trade call you made you're in a mess too
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short trump and go long the deepstate
  • #831,423
  • Jul 5, 2024 1:20am Jul 5, 2024 1:20am
Quoting Zebi
{quote} added to my GU long price shud retest juse 2th highs but I'm not greedy and placed my tp lower {image}
meant to type june 12 in that quote...just noticed it...have to stop typing while standing up and doing some exercises at the computer LOL

im doin better with my GU trade

this I'm gonna hold till tp
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short trump and go long the deepstate
  • #831,424
  • Jul 5, 2024 1:30am Jul 5, 2024 1:30am
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yes yes yes
  • #831,425
  • Jul 5, 2024 1:41am Jul 5, 2024 1:41am
Quoting BeeTogether
{quote} happier, however the real story will be after a few weeks. Let’s see if they can fuck up at all lol. Happy with the result overall. GU is at standstill

Well if they stop the flood of illegal aliens and stop the inflow of migrants and do something serious about knife crime and pick pocketing then maybe they'll improve things in Britain.
Natives of Britain and I'm one of them don't know their own country anymore.
But in countries where Labour/democrats governments come into power they exacerbate these issues because they pander to the hard left in the party....
We've had a labour government here in Victoria for god knows how long now and it's become a crime infested, drug infested, debt infested shit hole....The amount of businesses going bankrupt in Victoria and Australia wide is extraordinary!!
Not saying this is going to happen with your new labour government and at least give them a year to prove they actually give a damn about Britains....
Don't Leave Money on the Table
  • #831,426
  • Jul 5, 2024 2:07am Jul 5, 2024 2:07am
Quoting BeeTogether
{quote} really surprised that there wasn’t any movement with the result and it has stayed in the same zone since around 1.3@ pm yesterday. (UK time). NFP later today may hold key for next weeks action.
Perhaps already priced in before and and no surprise or espected the result was . Anyway now next possible range can be 2778 /2830 to 2710 as before ! With usdx get 2nd life or not ! So after 1 hour US news may try any trade today. Have good rest till then !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #831,427
  • Jul 5, 2024 2:09am Jul 5, 2024 2:09am
July 4th might be done and dusted by expect more fireworks later on
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Don't Leave Money on the Table
  • #831,428
  • Jul 5, 2024 2:43am Jul 5, 2024 2:43am
Quoting fontu
{quote} Perhaps already priced in before and and no surprise or espected the result was . Anyway now next possible range can be 2778 /2830 to 2710 as before ! With usdx get 2nd life or not ! So after 1 hour US news may try any trade today. Have good rest till then ! {image}
I would pick the first scenario. More Bulls, please
  • #831,429
  • Jul 5, 2024 2:46am Jul 5, 2024 2:46am
Quoting dempire1
https://youtu.be/SyWDUBzZby4?si=xsVRs9zoTORM8uOX Im happy to see people finally waking up lol. Took em YEARS to do it holy moly. Back in 2018 when I started I was sucker punched into it aswell for a while. Biggest mistake in my trading business. Glad I used my own head and saw how all of it was such a BS. Btw idk the guy who made this video about it. It just popped on yt and I really liked this picture haha. Fuck such a smart money traders ohhh my hahah. {image} But it’s everywhere like this. In Trading world it’s...
1 thing i understand in trading, is, no standalone tool will give you an edge. But by combining them in such a way that every tools you used point towards the highest possible price movement MAJORITY of the time, that gives you an edge over a significant number of trades.
You will see no matter what you do, at the end of certain time, you always end with profits/losses for the mixture of the tools.

Try to mix ICT or SMC with multiple timeframe Market structure, you will see when it is most likely to work and when not. You will also see, that more than 90% of the content of ICT and SMC are BS, since they do not work on their one.

FVGs for instance, How many FVGs, the market left unfilled and continue trending?
How many times, the data comes out bad, but sh*t rising on bad data?

Everything comes down to 1 thing, market structure. Even the lagging indicators follow the market structure!
No? Momentum indicator follow bars/Candlestick formation, while bars/candlestick follow lower timeframe market structure.
More time in the market, does not mean you trade better!
  • #831,430
  • Jul 5, 2024 2:56am Jul 5, 2024 2:56am
To think I wanted more bulls on GU and I am now selling GOLD? Yeah, crazy market requires crazy and quick thinking. Risking 20pips sl for this MOVE.
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  • #831,431
  • Edited 3:11am Jul 5, 2024 3:00am | Edited 3:11am
Quoting JayBag
{quote} I would pick the first scenario. More Bulls, please
Yeah better and already done , next target goes to 2810 , may correct then before jump again !
This very crazy very strong bull without nomical correction is very suspicious! Anyway depends upon usdx fate today specially
Usdx weekly already in deep shit , no bear signal or confirmation yet but may test today , not easy to survive without great intervention!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #831,432
  • Jul 5, 2024 3:06am Jul 5, 2024 3:06am
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I will succeed Not immediately... but definitely
  • #831,433
  • Jul 5, 2024 3:09am Jul 5, 2024 3:09am
Looks like btcusd is going down, as seen from the weekly-daily chart.

Sell 54324.20 / SL 55673.7 (±0.75%) / TP 00.00 (Will put later)
  • #831,434
  • Jul 5, 2024 3:15am Jul 5, 2024 3:15am
Quoting elude
Looks like btcusd is going down, as seen from the weekly-daily chart. Testing Sell 54324.20 / SL 55673.7 (±0.75%) / TP 00.00 (Will put later)
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I will succeed Not immediately... but definitely
  • #831,435
  • Jul 5, 2024 3:19am Jul 5, 2024 3:19am
Quoting Phoenix-
{quote} {image}
Your comment, please
  • #831,436
  • Jul 5, 2024 3:33am Jul 5, 2024 3:33am
Quoting elude
{quote} Your comment, please
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I will succeed Not immediately... but definitely
  • #831,437
  • Jul 5, 2024 3:36am Jul 5, 2024 3:36am
Quoting Phoenix-
{quote} {image}
Ok, thanks
  • #831,438
  • Jul 5, 2024 3:49am Jul 5, 2024 3:49am
Where too next... more long or short after NFP - that is the question ... perhaps more longs need trapped before south ? perhaps they want to cause the short sellers more pain?
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  • #831,439
  • Jul 5, 2024 3:52am Jul 5, 2024 3:52am
Quoting fontu
{quote} Yeah better and already done , next target goes to 2810 , may correct then before jump again ! This very crazy very strong bull without nomical correction is very suspicious! Anyway depends upon usdx fate today specially Usdx weekly already in deep shit , no bear signal or confirmation yet but may test today , not easy to survive without great intervention! {image} {image}
I have to agree. I may even be selling gold into that correction. Anyway, let's see. It's FRIDAY after all
Cheers
  • #831,440
  • Jul 5, 2024 4:03am Jul 5, 2024 4:03am
Inserted Video

Johann Strauss I Radetzky March op. 228

Quoting elude
Looks like btcusd is going down, as seen from the weekly-daily chart. Sell 54324.20 / SL 55673.7 (±0.75%) / TP 00.00 (Will put later)
Put SL in plus?
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