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Cable Update (GBPUSD)

  • #837,761
  • Sep 10, 2024 10:29pm Sep 10, 2024 10:29pm
Quoting Fardeen1209
{quote} Just take my first partial, at RR 1:13. Gave the swing trade setup on monday, with the possibility 20pip for almost 600pips. Here together with GOLD {quote}
People don't plan to lose. They lose because they don't plan.
  • #837,762
  • Sep 10, 2024 10:45pm Sep 10, 2024 10:45pm
Shorts in going to bed stop above that high risking profit I made from the shorts earlier! so sleeping peacefully will wake up before cpi
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Master your mind. Master Trading.
  • #837,763
  • Sep 10, 2024 10:45pm Sep 10, 2024 10:45pm
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yes yes yes
  • #837,764
  • Sep 10, 2024 10:49pm Sep 10, 2024 10:49pm
Core CPI y/y expected is 2.5% from 2.9 previous. Isn’t that a huge move
  • #837,765
  • Sep 10, 2024 11:06pm Sep 10, 2024 11:06pm
Quoting Eren10
Core CPI y/y expected is 2.5% from 2.9 previous. Isn’t that a huge move
Yes that would be a huge move and expect fireworks....
Don't Leave Money on the Table
  • #837,766
  • Sep 10, 2024 11:18pm Sep 10, 2024 11:18pm
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yes yes yes
  • #837,767
  • Sep 10, 2024 11:21pm Sep 10, 2024 11:21pm
Quoting HaLBot
{quote} Yes that would be a huge move and expect fireworks....
Only bad data from GBP did not help. Better this goes to lows before CPI
  • #837,768
  • Sep 10, 2024 11:26pm Sep 10, 2024 11:26pm
Quoting Eren10
{quote} Only bad data from GBP did not help. Better this goes to lows before CPI

There is this expectation the US interest rate will be cut and if CPI is lower then that'll add to the over consensus. This is why no real movement on British data, on a different day this could move down 30 pips
Don't Leave Money on the Table
  • #837,769
  • Edited Sep 11, 2024 1:04am Sep 10, 2024 11:45pm | Edited Sep 11, 2024 1:04am
Sell. Not sure if can hit 3000.
  • #837,770
  • Sep 10, 2024 11:46pm Sep 10, 2024 11:46pm
Quoting Moty
Every time price touch the band i will short 20-25 pips sl 40-50 pips tp {image} {image}
this is 30/90 pips sl/tp trade
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yes yes yes
  • #837,771
  • Sep 10, 2024 11:50pm Sep 10, 2024 11:50pm
Quoting Yngwie
Short 1.3095
closed 15p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #837,772
  • Sep 10, 2024 11:51pm Sep 10, 2024 11:51pm
Quoting Yngwie
{quote} closed 15p

Looks like a bounce of 1.3080 again and LO in 9 minutes
Don't Leave Money on the Table
  • #837,773
  • Sep 10, 2024 11:54pm Sep 10, 2024 11:54pm
Quoting HaLBot
{quote} Looks like a bounce of 1.3080 again and LO in 9 minutes
UK data was a miss so not surprised we had a drop although I’d have expected a drop of 20 pips on the release it didn’t. So maybe a trickle down to the 13070 area again
Insane in the Brain..
  • #837,774
  • Edited 12:44am Sep 11, 2024 12:15am | Edited 12:44am
Quoting munish7786
{quote} As I said sellers are trapped. Soon 1.31 will be broken. {quote} fundamentals always weigh on technical

Still have to disagree, that move down was the last swing down in the overall swing, no sellers trapped here , got my profit not as much as i would of liked and price made a new low so a valid swing down.

A trap occurs when price is making a correction ie A (abc B) C and the trader misinterprets the abc in the B wave for the beginning of the continuation because the abc looks like a new trend beginning.
Follow The Markets Structure - Patience and Discipline
  • #837,775
  • Sep 11, 2024 12:18am Sep 11, 2024 12:18am
GBPUSD

We move into 4H for correction via the 3 swings on H1 , so now looking for an entry short , this one if right should be a better move than yesterday.
Follow The Markets Structure - Patience and Discipline
  • #837,776
  • Sep 11, 2024 12:22am Sep 11, 2024 12:22am
Quoting pipfarm
GBPUSD We move into 4H for correction via the 3 swings on H1 , so now looking for an entry short , this one if right should be a better move than yesterday.

Have to disagree there, what's weighing on traders minds right now is whether the US will cut the interest rate. If they don't then your scenario will play out, if they do then expect at least 3200 possibly 3300


CPI come in under expectations will see Euro and Cable pump
Don't Leave Money on the Table
  • #837,777
  • Sep 11, 2024 12:28am Sep 11, 2024 12:28am
Quoting HaLBot
{quote} Have to disagree there, what's weighing on traders minds right now is whether the US will cut the interest rate. If they don't then your scenario will play out, if they do then expect at least 3200 possibly 3300 CPI come in under expectations will see Euro and Cable pump
Fair enough, but the next decision is not until the 18th of September, today we have CPI which could impact price, and i believe if markets are expecting a cut by the Fed then the institutions will be looking for a lower level to buy which ties in with this whole move being a correction within the daily uptrend
Follow The Markets Structure - Patience and Discipline
  • #837,778
  • Sep 11, 2024 12:33am Sep 11, 2024 12:33am
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yes yes yes
  • #837,779
  • Sep 11, 2024 12:46am Sep 11, 2024 12:46am
Quoting ScalaFX
short GU 3103 will add till 3130 for 3000
protected
People don't plan to lose. They lose because they don't plan.
  • #837,780
  • Sep 11, 2024 12:53am Sep 11, 2024 12:53am
Quoting ScalaFX
{quote} protected
partials taken
People don't plan to lose. They lose because they don't plan.
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