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Cable Update (GBPUSD)

  • #832,001
  • Jul 11, 2024 10:59am Jul 11, 2024 10:59am
Quoting lakayorex.21
cpi will drop that cable like its hot
My first rule of trading never try to predict what's going to happen, just act on what' happening, but again I may be wrong...
  • #832,002
  • Jul 11, 2024 11:00am Jul 11, 2024 11:00am
An idea to pass stage one of a funded account in 1 x trade! AUDUSD has a similar set up. 1HR chart. Daily directional bias Bullish.
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  • #832,003
  • Jul 11, 2024 11:22am Jul 11, 2024 11:22am
Quoting ScalaFX
{quote} all active, targeting 2300
do you wanna get positive swap all the way?
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  • #832,004
  • Jul 11, 2024 11:25am Jul 11, 2024 11:25am
Quoting Moty
{quote} Again for 6 pts {image}
i won this time mf
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yes yes yes
  • #832,005
  • Jul 11, 2024 12:01pm Jul 11, 2024 12:01pm
Quoting SabkaBaap
{quote} True… u r a scalper so 20-30 pips drop is fine… for a swing trader like me… this is opportunity to go long…1.2790 to 1.2950 is area fr long
Based per fundamental, lower cpi means rate cut sooner.
Rate cut sooner, dollar weakens, asset goes up.
But hey did you look at nas100 and spx?
Still going up?
More time in the market, does not mean you trade better!
  • #832,006
  • Jul 11, 2024 12:03pm Jul 11, 2024 12:03pm
Quoting Moty
For 7.5 pts {image}
Ai super trend would kept me away from that losing trade
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yes yes yes
  • #832,007
  • Jul 11, 2024 12:06pm Jul 11, 2024 12:06pm
Quoting Waveskierrob
{quote} My first rule of trading never try to predict what's going to happen, just act on what' happening, but again I may be wrong...
predict or dont predict market will take it fair share sometime....
MY OPINION NOT FINANCIAL ADVISE
  • #832,008
  • Jul 11, 2024 12:11pm Jul 11, 2024 12:11pm
Quoting Fardeen1209
{quote} Based per fundamental, lower cpi means rate cut sooner. Rate cut sooner, dollar weakens, asset goes up. But hey did you look at nas100 and spx? Still going up?
Fardeen, buddy of mine, you are way smarter than that!
CPI hit the same levels last July at this time! We have had CPI heading towards 2% several times only to reverse!
The market is doing its thing. Some bidding up. Some bidding down. Price going in the opposite direction to the majority of traders looking for liquidity to fund the next move.
  • #832,009
  • Jul 11, 2024 12:16pm Jul 11, 2024 12:16pm
Quoting mturabkhan
1.2950 very soon
Boom Boom Boom Told ya this couple of days before... and it touched it same
  • #832,010
  • Jul 11, 2024 12:20pm Jul 11, 2024 12:20pm
Quoting donfriday
{quote} predict or dont predict market will take it fair share sometime....
hence good money management is the key take from the market a little more than it takes from you....
  • #832,011
  • Jul 11, 2024 12:21pm Jul 11, 2024 12:21pm
Quoting Waveskierrob
{quote} hence good money management is the key take from the market a little more than it takes from you....

thats all
MY OPINION NOT FINANCIAL ADVISE
  • #832,012
  • Jul 11, 2024 12:21pm Jul 11, 2024 12:21pm
Quoting Waveskierrob
{quote} hence good money management is the key take from the market a little more than it takes from you....


  • #832,013
  • Jul 11, 2024 12:34pm Jul 11, 2024 12:34pm
Quoting Whale
{quote} do you wanna get positive swap all the way? {image}
yes
People don't plan to lose. They lose because they don't plan.
  • #832,014
  • Jul 11, 2024 12:35pm Jul 11, 2024 12:35pm
Quoting Wavegarrick
{quote} So Far. According to schedule. Just short of 1.285000 with a bounce back down. Speculative buy entry at 1.27829 and will enter more towards 1.27500 and stops with a daily close and hold below. It is not done until it is done. Caution as always. Trade safe. Cheers {image}
Momentum does not change in a Jiffy, Folks. 1.3000000 is so close I can smell it. Buy trade at 1.29098.
Cheers
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Trade to trade another day
  • #832,015
  • Jul 11, 2024 12:37pm Jul 11, 2024 12:37pm
Quoting Waveskierrob
{quote} hence good money management is the key take from the market a little more than it takes from you....
Yeah..
down -1000$ and after day or a week I closed it for 1$ plus due to my great money management
they can’t touch me!
  • #832,016
  • Jul 11, 2024 12:43pm Jul 11, 2024 12:43pm
Closing in on my area for bears to awaken tomorrow. Anything below 129 for a close is good for the bears. There is data tomorrow which may spike up to 130 but it could also loosen the bowels a bit, and a potential shit storm to allow bears a move towards 128-12770 (weekly open area)
Insane in the Brain..
  • #832,017
  • Jul 11, 2024 12:55pm Jul 11, 2024 12:55pm
Quoting Wavegarrick
{quote} Momentum does not change in a Jiffy, Folks. 1.3000000 is so close I can smell it. Buy trade at 1.29098. Cheers {image}
1.2975 will be a very beautiful spot to sell off... But we may have peaked today... See July 2023.
Data + Stat + Risk/Emotions Management
  • #832,018
  • Jul 11, 2024 1:08pm Jul 11, 2024 1:08pm
...will be interesting to see if U.s PPi follows today's Cpi, tomorrow?

Meantime, in the event of more downside - there is plenty of potential rbs on the dly t/f, starting @ 2893, then 2860, then 2845, - the later of these being the most recent prev swing hi zone. First fib cluster to the downside (assuming 2949 stays as the hi of these moves up,) is 2818-30, a 4 fib cluster.

NB: Re chart below - the prev sw hi zone @ top of chart that you can't see the origin of is a prev 4hr/dly sw hi zone that extends up to 2995, = pot res.
@ current dly hi is Wkly R2, Mthly R2 is just above, and towards the top of that zone is the 85.4% of the longer-term 3142-2038 move down.

Dly, then Averages graphic below
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Trader with an Edge.
  • #832,019
  • Jul 11, 2024 1:17pm Jul 11, 2024 1:17pm
Quoting Georginson
{quote} 1.2975 will be a very beautiful spot to sell off... But we may have peaked today... See July 2023.
Thanks, George,
As always, appreciate your view. For the time being I have 1.290000 and just below for a bounce higher towards 1.30000, I could be wrong of course,
Take it as it comes.
Cheers.
Trade to trade another day
  • #832,020
  • Jul 11, 2024 2:34pm Jul 11, 2024 2:34pm
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yes yes yes
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