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Cable Update (GBPUSD)

  • #836,641
  • Aug 29, 2024 3:32am Aug 29, 2024 3:32am
Im buying now 3178, will add to 3150 for 3300
People don't plan to lose. They lose because they don't plan.
  • #836,642
  • Aug 29, 2024 3:33am Aug 29, 2024 3:33am
Quoting BeeTogether
{quote} I was long at 13186
Ouch. Yup, that's gonna happen sometimes. But that was the right side to be on for a long time. All trends come to an end
Emotional Control. Process, not outcome.
  • #836,643
  • Aug 29, 2024 3:42am Aug 29, 2024 3:42am
...G/M, Bearish dly candle y/day creates the 2nd HH on that t/f @ 3266. So far today, an early London false 1st false of Asian hi, and then bang! the drop down to y/day's lo pot supp zone, with a 1st Asian lo b/o,

1hr below
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Trader with an Edge.
  • #836,644
  • Aug 29, 2024 3:46am Aug 29, 2024 3:46am
Quoting Pat Chiko
{quote} GOLD Add Scalping LONG{image}
GOLD

possible of 3-3-5 flat pattern forming.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #836,645
  • Aug 29, 2024 3:49am Aug 29, 2024 3:49am
Quoting Pat Chiko
{quote} EU Scalping LONG{image}
EU

It's a trap on FTR formation from late yesterday
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #836,646
  • Aug 29, 2024 3:51am Aug 29, 2024 3:51am
...there won't be any bullish hidden div on my 4hr (just the shape of the osc's and where price is now,) so won't have that to guide me for any longs. Add the 2 fibs on chart below to the one on my 1hr chart above - @ y/day's lo, and you'll see the 3 fib cluster there. The 23.6% of the main recent 2665-3266/67 upmove is @ 3126. Next 3 fib cluster is 3145-38.

4hr is below
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Trader with an Edge.
  • #836,647
  • Aug 29, 2024 3:52am Aug 29, 2024 3:52am
Quoting Pat Chiko
{quote} GU TP & scalping LONG{image}
GU

Retest FTR with structure break.
Scalping is game play for GU ATM

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #836,648
  • Aug 29, 2024 3:52am Aug 29, 2024 3:52am
Quoting BeeTogether
Wooooah a 30 pip drop! What did I miss lol?
Problem were CPI Datas from Germany:
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Very disappointing. Germany is going down the river. That scared and made taking profits more before US-News today. Correction still not done on GBP/USD. The upmove before was just too big. Also Month end. NExt month summer time is over. The "fakers" of the moves we have seen on CHF, USD and probably NZD knows that. So big players enter the market again so they close before get slapped.
  • #836,649
  • Aug 29, 2024 3:55am Aug 29, 2024 3:55am
What annoys me is the sync of the moves,- except NZD and AUD.

Also USD/CHF boosted up. Guess what... They covered their shorts on USD. If numbers are good today we will see lots of blood on shorts on USD (so GBP/USD down, USD/CHF up and NZD/USD down). Minimum target on GBP/USD is 1.3120's for that scenario.
  • #836,650
  • Aug 29, 2024 4:07am Aug 29, 2024 4:07am
...strongish bounce from that pot supp zone, back into asian pip range. 1hr rangy now more than anything?

1hr below
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Trader with an Edge.
  • #836,651
  • Aug 29, 2024 4:07am Aug 29, 2024 4:07am
Quoting JackintheBox
What annoys me is the sync of the moves,- except NZD and AUD. Also USD/CHF boosted up. Guess what... They covered their shorts on USD. If numbers are good today we will see lots of blood on shorts on USD (so GBP/USD down, USD/CHF up and NZD/USD down). Minimum target on GBP/USD is 1.3120's for that scenario.
My account needs that blood. Lol
  • #836,652
  • Aug 29, 2024 4:14am Aug 29, 2024 4:14am
Quoting Headland
...strongish bounce from that pot supp zone, back into asian pip range. 1hr rangy now more than anything? 1hr below {image}
It created equal lows which is usually taken out. I think the target is weekly pivot at 3128, or thereabouts.
  • #836,653
  • Aug 29, 2024 4:15am Aug 29, 2024 4:15am
Waiting for a retest of 13220. Will probably take profit there in time for US data
Insane in the Brain..
  • #836,654
  • Aug 29, 2024 4:42am Aug 29, 2024 4:42am
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Success is not final, failure is not fatal... - Winston Churchill
  • #836,655
  • Aug 29, 2024 4:44am Aug 29, 2024 4:44am
Quoting ScalaFX
Im buying now 3178, will add to 3150 for 3300
best protected
People don't plan to lose. They lose because they don't plan.
  • #836,656
  • Aug 29, 2024 4:57am Aug 29, 2024 4:57am
...@ y/day's lo - were the bulls just triggering the stops below Tuesday's lo for liquidity, before a next move up,? or is there more downside to come? Price challenging a prev 1hr sw lo zone = pot sbr, right now.

1hr below
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Trader with an Edge.
  • #836,657
  • Aug 29, 2024 5:04am Aug 29, 2024 5:04am
Quoting Headland
...@ y/day's lo - were the bulls just triggering the stops below Tuesday's lo for liquidity, before a next move up,? or is there more downside to come? Price challenging a prev 1hr sw lo zone = pot sbr, right now. 1hr below {image}
million dollar question, however if the US data is green then we could see a move towards the 13120 area that Miti has mentioned. Red data should help accelerate that to 133. We usually have one day a week for a correction/retrace before continuing so maybe yesterday was that. 13160 still remains support as it’s not been broken. Also it seems resistance at 132 break above we move towards the days highs
Insane in the Brain..
  • #836,658
  • Aug 29, 2024 5:26am Aug 29, 2024 5:26am
I think it's a mixed picher at the moment moving averages are all pointing to short at 5 min 30 min
and 1 hr and 4hr seems to be also moving towadrs short so i will not comit to eather way till the news.
  • #836,659
  • Aug 29, 2024 5:37am Aug 29, 2024 5:37am
...yeh, as others have noted, the upcoming all important U.s GDP data could shake things up a bit. Currently price trades between pot 30min res & pot 1hr sbr -and- pot 1hr supp & pot 1hr/4hr supp.

1hr below
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Trader with an Edge.
  • #836,660
  • Edited 7:55am Aug 29, 2024 5:40am | Edited 7:55am
takes some doing, he ain't never coming back, the budget is going to be ugly
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