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Cable Update (GBPUSD)

  • #836,401
  • Aug 27, 2024 7:41am Aug 27, 2024 7:41am
USDJPY and USDCHF from Friday went to 10k profit down to - 1k now back to 6.5 k profit

However these two trades are with the 4H primary trend so i was some expecting some minor pullbacks on the way down

Trading is NOT a one swing game

GBPUSD , we are only in the first swing up so if it is to continue up it should make a pb at some point, of course we might have hit the top as does happen and price reverses
Follow The Markets Structure - Patience and Discipline
  • #836,402
  • Aug 27, 2024 7:45am Aug 27, 2024 7:45am
Quoting Mitiblotch
London have already made the high by breaking Friday's high which they didn't get a taste of. It will usually be downhill from here till the monthly pivot of September is touched. I see it being slow and steady, no-warning kind of dump. After the pivot gets hit I'll look for buys. {image}
13050 area by end of September?
Insane in the Brain..
  • #836,403
  • Edited 8:14am Aug 27, 2024 7:56am | Edited 8:14am
Watching for 3190 if test or not !
Should need test 3184 and better below 3175
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #836,404
  • Aug 27, 2024 7:57am Aug 27, 2024 7:57am
Quoting fontu
Watching for 3190 if test or not ! {image}
the drop seems to be supporting at the moment. If 13200 can break the next area will be 13180 which if broken allows a lower 131 area
Insane in the Brain..
  • #836,405
  • Aug 27, 2024 8:01am Aug 27, 2024 8:01am
Quoting Fardeen1209
{quote} Its been a while i stopped trading GU because of its shitty PA, now focus only on GOLD and Nas100(swing and scalping), US500 and UJ (swing only), Saw my flow of $$$ increase rapidly. Can afford to let go GU and EU. But they were great teacher, particularly GU

it was a terrible PA , but if we keep in mind that market will trend or range, we will always trade with caution
MY OPINION NOT FINANCIAL ADVISE
  • #836,406
  • Aug 27, 2024 8:02am Aug 27, 2024 8:02am
Buy in GU is not finished yet
Intraday only.
  • #836,407
  • Aug 27, 2024 8:02am Aug 27, 2024 8:02am
Quoting Moty
Come on mister mf I am hangry {image}
Daily range is 230 pips
My tp is at 189.600
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yes yes yes
  • #836,408
  • Aug 27, 2024 8:04am Aug 27, 2024 8:04am
Next resistance for GU is @3700 where price made an expanding flat correction and went down , the exp flat takes in part of the prior downswing for the b wave of abc

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Follow The Markets Structure - Patience and Discipline
  • #836,409
  • Aug 27, 2024 8:08am Aug 27, 2024 8:08am
Quoting pipfarm
Next resistance for GU is @3700 where price made an expanding flat correction and went down , the exp flat takes in part of the prior downswing for the b wave of abc
that seems likely area towards the end of the year too with the US elections
Insane in the Brain..
  • #836,410
  • Aug 27, 2024 8:11am Aug 27, 2024 8:11am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #836,411
  • Edited 8:37am Aug 27, 2024 8:20am | Edited 8:37am
Quoting BeeTogether
{quote} the drop seems to be supporting at the moment. If 13200 can break the next area will be 13180 which if broken allows a lower 131 area
Yeah on an intermediate support , but as 3175 was intact , the present new high can consider as extension up , not real bull started! So waiting it perfect , correct enough to bottom form and bull or breaks and hold previous high to continue extension up as in very strong bull run!
Now waiting breakout down at 3214/ 09 accurate , confirmation at 3204 for target 3184/75 possible
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #836,412
  • Aug 27, 2024 8:22am Aug 27, 2024 8:22am
Quoting BeeTogether
{quote} 13050 area by end of September?
End is too far. If that's the pivot for September I expect it to hit within the first two weeks.
  • #836,413
  • Aug 27, 2024 8:37am Aug 27, 2024 8:37am
Quoting Moty
{quote} Daily range is 230 pips My tp is at 189.600 {image}
gonna enter but after 9:00 am news if it misses me so be it
  • #836,414
  • Aug 27, 2024 8:38am Aug 27, 2024 8:38am
looking at m30 i think price just tested a SupDem zone and its going to start going up again.

M30 should close above 3216
then lower frame find a pullback hook to enter

just my opinion ofcourse
in wondering about yourself, you forgot what you came here to be part of
  • #836,415
  • Aug 27, 2024 8:54am Aug 27, 2024 8:54am
long 1.3210
TP 1.33
  • #836,416
  • Aug 27, 2024 8:59am Aug 27, 2024 8:59am
Quoting thevisitor
long 1.3210 TP 1.33
SL +2
  • #836,417
  • Aug 27, 2024 9:02am Aug 27, 2024 9:02am
the heart of trading is risk management

your strategy is your edge

your psychology is your skills when odds is against you
MY OPINION NOT FINANCIAL ADVISE
  • #836,418
  • Aug 27, 2024 9:03am Aug 27, 2024 9:03am
Quoting Moty
{quote} Daily range is 230 pips My tp is at 189.600 {image}
Careful it looks like an ascending triangle, however idk about the overall picture of GJ.
More time in the market, does not mean you trade better!
  • #836,419
  • Aug 27, 2024 9:07am Aug 27, 2024 9:07am
Looks like they found a new game: Keep the currency up and make people crazy. Look at the moves last 2 days. That is r***bish. I really hope summer time ends soon. Also Datas5 minutes ago, very good on USD. No reaction. That is rediculous. It annoys me a lot. I see that behaviour also on other currencies. GBP/CAD is the same since days. Not sure who steers the market currently. I hope not the central banks. Only currency which is moving like it should is the USD/JPY currently.

Cheers and out.
  • #836,420
  • Aug 27, 2024 9:09am Aug 27, 2024 9:09am
Quoting knkie
looking at m30 i think price just tested a SupDem zone and its going to start going up again. M30 should close above 3216 then lower frame find a pullback hook to enter just my opinion ofcourse
placing long trades now
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in wondering about yourself, you forgot what you came here to be part of
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