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Cable Update (GBPUSD)

  • #833,721
  • Jul 29, 2024 10:49am Jul 29, 2024 10:49am
I’m calling some shots
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  • #833,722
  • Jul 29, 2024 10:54am Jul 29, 2024 10:54am
Quoting Mitiblotch
{quote} And just when you believe and sell it will fly to 1.3100 without breaks.
simple math.

but 1.31 is far away in today terms.
but easy guess is that price will crawl up and frustrate them in big news week.
  • #833,723
  • Jul 29, 2024 11:04am Jul 29, 2024 11:04am
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Enough is inaf...............They must stop here...otherwise something else is brewing up in the barrel.................

SL at 1.08 355 and 1.28 75

  • #833,724
  • Jul 29, 2024 11:07am Jul 29, 2024 11:07am
next is 1.2895 before dipping down if it has to....
  • #833,725
  • Jul 29, 2024 11:16am Jul 29, 2024 11:16am
Quoting mturabkhan
if 2780 is destined then before it is achieved, i think 1.2895 will be touched... as per H4 ?
what does it matter what it touches or doesn’t
How to succeed in zero sum game?
  • #833,726
  • Jul 29, 2024 11:26am Jul 29, 2024 11:26am
Quoting BeeTogether
{quote} of course it’s down to data and geopolitical too. However 127X seems to be area of interest. If it breaks due to say no rate cuts from US whilst UK MPC is 3-7 we could see a 100-200 pip drop especially if NFP is green this week

A drop back to 1.26 zone is quite necessary in my opinion. We have some unfinished businesses there. If 1.277 is failed to hold, then we will see around 1.261.
With courage, patience, and discipline, success is a matter of time.
  • #833,727
  • Jul 29, 2024 11:35am Jul 29, 2024 11:35am
Quoting dempire1
{quote} what does it matter what it touches or doesn’t
For me yes...
  • #833,728
  • Jul 29, 2024 11:38am Jul 29, 2024 11:38am
Quoting dempire1
{quote} what does it matter what it touches or doesn’t
For me it does and it will IA...may be in next 19 hours
  • #833,729
  • Jul 29, 2024 12:57pm Jul 29, 2024 12:57pm
Quoting thevisitor
{quote} for me 1.2830 buying the Dips
buying..
  • #833,730
  • Jul 29, 2024 1:39pm Jul 29, 2024 1:39pm
https://think.ing.com/articles/four-...this-thursday/
How to succeed in zero sum game?
  • #833,731
  • Jul 29, 2024 1:56pm Jul 29, 2024 1:56pm
Quoting dempire1
https://think.ing.com/articles/four-...this-thursday/
interesting! The ING forecast of 6-3 in favour of cuts without too much forecasting for further cuts would be ideal. However they didn’t include the no cuts but votes from 7-2 to hold goes up to 6-3 or even 5-4 to hold. Those seem more likely at the moment..especially if there is a caveat that a September cut is likely
Insane in the Brain..
  • #833,732
  • Jul 29, 2024 1:57pm Jul 29, 2024 1:57pm
Quoting BeeTogether
{quote} interesting! The ING forecast of 6-3 in favour of cuts without too much forecasting for further cuts would be ideal. However they didn’t include the no cuts but votes from 7-2 to hold goes up to 6-3 or even 5-4 to hold. Those seem more likely at the moment..especially if there is a caveat that a September cut is likely
Yes. Decisions should still be made accordingly to US rate cuts but this should give an idea of what is happening
How to succeed in zero sum game?
  • #833,733
  • Jul 29, 2024 8:32pm Jul 29, 2024 8:32pm
just simple model, help me earn a lot from fx. I have been trading for 18 years.
For those of you who are new to trading, please remember my words of sharing, not for personal gain.
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vankiepsauff@gmail
  • #833,734
  • Jul 29, 2024 10:23pm Jul 29, 2024 10:23pm
Quoting Sammih
{quote} short was triggered {image}
shorts didnt play out
dont get married to positions
strong convictions, weakly held
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I'm high on trading, cant you tell?
  • #833,735
  • Edited 11:07pm Jul 29, 2024 10:34pm | Edited 11:07pm
Checking pa , may a ranging /sideways today while daily close compete 2872 and 2851 to decide next day plays! Take care
Smaller tf pa changes , price may correct below 2823 / bottom play i!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #833,736
  • Jul 29, 2024 11:23pm Jul 29, 2024 11:23pm
Quoting fontu
Checking pa , may a ranging /sideways today while daily close compete 2872 and 2851 to decide next day plays! Take care Smaller tf pa changes , price may correct below 2823 / bottom play i! {image} {image} {image}
a retest of 12823 before any JOLtS data would help provide the fuel for a potential lower move and another chance of 128.
Insane in the Brain..
  • #833,737
  • Edited Jul 30, 2024 2:24am Jul 29, 2024 11:40pm | Edited Jul 30, 2024 2:24am
Quoting BeeTogether
{quote} a retest of 12823 before any JOLtS data would help provide the fuel for a potential lower move and another chance of 128.
Now price at its best support areas, only previous low 2806 breaks and hold may continue bear . So risky plays ahead. Take care
Actually all eyes on eurusd , likely corrective spike of 30 pips plus with next news before decision if any great and violent breakout down coming , with some news today !
Eurozone cpi may pingpong , spikes up and jolt may decide action.

So far tiny spikes up ok to stay high , upper tl tested may test and wait for NY open!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #833,738
  • Jul 29, 2024 11:49pm Jul 29, 2024 11:49pm
Quoting Sammih
{quote} shorts didnt play out dont get married to positions strong convictions, weakly held {image}
out of all longs
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I'm high on trading, cant you tell?
  • #833,739
  • Jul 30, 2024 12:07am Jul 30, 2024 12:07am
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yes yes yes
  • #833,740
  • Edited 1:01am Jul 30, 2024 12:51am | Edited 1:01am
G/M, strong recovery off y/day's lo after the precipitous early day fall, made for a pinbar/doji dly candle on a > 30day adr day y/day. Today so far - rangy after Asian hi challenges y/day's hi and sells off it, and then an early London false 1st downside b/o of the Asian lo. Asian hi is presently the current dly hi.

1hr below
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