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Cable Update (GBPUSD)

  • #831,681
  • Jul 8, 2024 10:48am Jul 8, 2024 10:48am
Quoting JayBag
{quote} Good to keep an eye out for any potential data. It could be a tiny drop even. It's wise to invest more on LONGS for long term, or to 1.30 are at least. Let's see how it goes
Will be flipping to longs soon
Insane in the Brain..
  • #831,682
  • Jul 8, 2024 11:13am Jul 8, 2024 11:13am
So testing 2811 , actually should test 2800 , one step ahead for real breakout around 2788 for 2763 and lows ! Me close near 2800 today though !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #831,683
  • Jul 8, 2024 11:32am Jul 8, 2024 11:32am
Quoting BeeTogether
{quote} Will be flipping to longs soon
I will consider LONGS tomorrow. Maybe towards end of the day depending on PA
  • #831,684
  • Jul 8, 2024 11:40am Jul 8, 2024 11:40am
GU weekly and daily are downtrend, I think the move down will kick days ahead.
im not see a lot of potential with buying, but will not risk money right now.

I will buy GU @ 1.1615, I hope on 2024
mark it.
  • #831,685
  • Jul 8, 2024 12:00pm Jul 8, 2024 12:00pm
Quoting Whale
GU weekly and daily are downtrend, I think the move down will kick days ahead. im not see a lot of potential with buying, but will not risk money right now. I will buy GU @ 1.1615, I hope on 2024 mark it.
116? Damn!
Insane in the Brain..
  • #831,686
  • Edited 12:52pm Jul 8, 2024 12:35pm | Edited 12:52pm
Quoting Whale
GU weekly and daily are downtrend, I think the move down will kick days ahead. im not see a lot of potential with buying, but will not risk money right now. I will buy GU @ 1.1615, I hope on 2024 mark it.

Hi. I really don't get how you see Wkly and Dly t/f's in a downtrend by any sensible measure? Just on one measure - 3 candle fractal swing analysis, they are ranging, and most recently bullish within that range? I think a lot of traders reading your view/analysis that they are in a downtrend will be confused? I doubt that anyone just looking at a naked chart of both these t/f's would say downtrend?

On dly there was the beginning of a downtrend that ended @ 2612 (a LL,) and since then we have not had a fractal swing on that t/f, but there will be a H at least above the last 2 x LH's (2702 & 2740,) and possibly even above the last HH of the previous uptrend (@ 2860,) when it forms. On wkly we have had a LH @ 2634, followed by a H @ 2860, above the last 2 x LH's, (2634 & 2709,) and a HL @ 2612.

Wkly then Dly below
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Trader with an Edge.
  • #831,687
  • Edited 1:54pm Jul 8, 2024 1:01pm | Edited 1:54pm
Quoting Fardeen1209
{quote} Why, isnt a trending market where we print the $$$, so later we get a hawk tuah from our girl?

smart answer for lawyers

Quoting Whale
{quote} Smart Scalpers skip GU.

i luv that


Quoting eyefeelsix
{quote} atm buy @current price {image}

high return target zone achieve from the ranging market

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#post edited: add forecast for GU:

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https://breakpullback.com
  • #831,688
  • Jul 8, 2024 2:14pm Jul 8, 2024 2:14pm
Quoting Whale
GU weekly and daily are downtrend, I think the move down will kick days ahead. im not see a lot of potential with buying, but will not risk money right now. I will buy GU @ 1.1615, I hope on 2024 mark it.
Ok, don't get it..buying @ 1.16..
current.1.28..
no risk money..
what are you telling us?
Short?
No Short risking money?
Stopp trading..
mark it
  • #831,689
  • Jul 8, 2024 2:57pm Jul 8, 2024 2:57pm
the drop is coming
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yes yes yes
  • #831,690
  • Jul 8, 2024 3:05pm Jul 8, 2024 3:05pm
Quoting Moty
the drop is coming {image} {image}
ooh 12570 looks good ! Honestly though 127 could be first line of big support. All depends on BoE rate cut in August
Insane in the Brain..
  • #831,691
  • Jul 8, 2024 4:00pm Jul 8, 2024 4:00pm
Quoting BeeTogether
{quote} ooh 12570 looks good ! Honestly though 127 could be first line of big support. All depends on BoE rate cut in August
Change of government dynamics.
The US dynamic (election, FED, Ukraine war)
The you have France and their election.
EU dynamics with Orban of Hungary.
All of this is going to impact perceptions of where price should go and then there is simply where it does go!
  • #831,692
  • Jul 8, 2024 5:20pm Jul 8, 2024 5:20pm
Quoting BeeTogether
{quote} ooh 12570 looks good ! Honestly though 127 could be first line of big support. All depends on BoE rate cut in August

I think after the initial kneejerk reaction down the first couple days a rate cut will make GU head up since it will be good for the economy and starmers government


all good englishmen need to come to their governments defense
short trump and go long the deepstate
  • #831,693
  • Jul 8, 2024 6:43pm Jul 8, 2024 6:43pm
Quoting Headland
{quote} Hi. I really don't get how you see Wkly and Dly t/f's in a downtrend by any sensible measure? Just on one measure - 3 candle fractal swing analysis, they are ranging, and most recently bullish within that range? I think a lot of traders reading your view/analysis that they are in a downtrend will be confused? I doubt that anyone just looking at a naked chart of both these t/f's would say downtrend? On dly there was the beginning of a downtrend that ended @ 2612 (a LL,) and since then we have not had a fractal swing on that t/f, but there...
exactly 3 candles fractal.
And other things that i insert to the equation.
  • #831,694
  • Edited 7:15pm Jul 8, 2024 6:44pm | Edited 7:15pm
Quoting thevisitor
{quote} Ok, don't get it..buying @ 1.16.. current.1.28.. no risk money.. what are you telling us? Short? No Short risking money? Stopp trading.. mark it
that im not trading GU right now.

sideline and waiting for the big short.

I dont see any displacement, do you? Waiting for it.

P.S about the stop trading, thanks for the advice
  • #831,695
  • Edited 7:13pm Jul 8, 2024 7:00pm | Edited 7:13pm
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Quoting elude
{image} With extreme highs and lows behind the current price, it's still in the middle of nowhere, but the daily candle outlook still has an upward bias. There may be one more upward branch tomorrow or more after that.

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I forgot to mention that it could also go down the marking up and down arrows are there. And I added fib 61.8 1.2700 down as a possible next target. So far, the price hasn't gone much.
  • #831,696
  • Edited 7:28pm Jul 8, 2024 7:17pm | Edited 7:28pm
Quoting Zebi
{quote} you can rant and rave HAL but liberal policies help ones currency...i used the euro chart but check a sloty chart and see if I'm wrong ...i haven't to be honest with you but ill bet you 10 dollars the sloty went up after that election

They go up because lefties have zero idea about the benefit of having your currency at a lower rate helping your countries businesses sell more to the world. Even with limited education people understand this concept....guess you don't but that's no surprise as marxists have very little understanding of math

Starmer has already installed a couple of fruit cakes to his cabinet.....what could possibly go wrong lol
Don't Leave Money on the Table
  • #831,697
  • Jul 8, 2024 7:25pm Jul 8, 2024 7:25pm
Quoting Zebi
{quote} i think you need a drink to calm yourself down LOL as you know I've done research on the effect of elections on currencies..everyone knows my dollar chart outlining how it does during conservative and liberal presidents last week I think it was I told people to do some homework and mark elections of euro countries onto the EU chart...I'm pretty sure prolly just one person if that sat down and did it LOL I did months ago and took me half a day so I said I wasn't gonna share it and take away the joy and happiness people will find in wasting...

You support a marxist in france who wants to be the next prime minister who if installed will push thru a 90% marginal tax rate. How would you like the government to steal 90% of your hard earned cash?
All this will do is send France backwards as people with the means to stimulate the economy will be driven out of the country. But again seeing as you and your marxists mates have zero concept of Math it doesn't even register in your feeble minds...
Tony Kroos the legendary german soccer player who moved to Spain says Germany unrecognisable now due to overimmigration and says he wouldn't even allow his 12 year old daughter alone on the streets in Germany in broad daylight. That's how dangerous the country has become due to marxist ideology
Don't Leave Money on the Table
  • #831,698
  • Edited 9:07pm Jul 8, 2024 8:09pm | Edited 9:07pm
Still testing 2800 ! There should not any bounce considerable this time but 2789 and 2763 possible , so let they test /breaks first . Good sell area can be 2820 ! watching ,take care
So 16 pips down and then 31 pips up = 47 pips move possible before NY open !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #831,699
  • Jul 8, 2024 8:15pm Jul 8, 2024 8:15pm
Quoting GODofMC
{quote} im already out for 15Pips in XAU . Adding lower from TP for small Lot
dam busted
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #831,700
  • Jul 8, 2024 8:17pm Jul 8, 2024 8:17pm
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yes yes yes
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