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Cable Update (GBPUSD)

  • #838,461
  • Sep 17, 2024 10:28pm Sep 17, 2024 10:28pm
for 50 pips
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yes yes yes
  • #838,462
  • Edited 10:55pm Sep 17, 2024 10:36pm | Edited 10:55pm
watching pa , waiting for 3144 breaks and hold for next care 3114 to 3044 target if all ok today . similarly breaks eurusd 1107 for below 1071 , may 1040 target ! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #838,463
  • Sep 17, 2024 11:07pm Sep 17, 2024 11:07pm
G/M, y/day's dly candle a > 30day adr bearish candle, probably dark cloud cover re Monday's bullish thrust on same t/f. Today so far - Uk data just out causes an upside move, at least on the initial knee-jerk reaction, with a 1st upside b/o of the Asian hi to Dly Pivot and 38.2% of the y/day hi-lo move.

Dly and 4hr in particular still in general uptrends, 1hr more messy.

1hr below
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Trader with an Edge.
  • #838,464
  • Sep 17, 2024 11:11pm Sep 17, 2024 11:11pm
for 100/130/230 pips
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yes yes yes
  • #838,465
  • Sep 17, 2024 11:13pm Sep 17, 2024 11:13pm
...Uk Cpi was as forecasts, Rpi may have surprised slightly, to the upside re forecasts, and PPi to the downside? We've had the starter, main course is later!
Should have said in post above, Asian lo is current dly lo - a 1st test on the prev 1hr/minor 4hr sw lo zone = pot supp that extends down to y/day's lo.


Anyways,

4hr below (with 10/20/40 ema crosses graphic.)
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Trader with an Edge.
  • #838,466
  • Sep 17, 2024 11:15pm Sep 17, 2024 11:15pm
Quoting KareemAliFx
{quote} this is why moty ignores haters well done
agree, some traders dream is to turn 100$ to 10000000$, doesn't matter if it possible or not, and what are the risks a long the way.

let them keep the dream that giving them the motivation to succeed
  • #838,467
  • Sep 17, 2024 11:29pm Sep 17, 2024 11:29pm
Quoting Moty
i turned 7 $ into 193 $ in 2 days yes yes yes ty mister goldi and mister gj{image}{image}only 194 pips {image}
opps
i meant 77$
still nice profit
yes yes yes
  • #838,468
  • Sep 17, 2024 11:38pm Sep 17, 2024 11:38pm
My 2 cents worth less all relevant government fees and charges

I believe were going to have a cracking session like Monday, big players positioning themselves before what ever happens with FOMC....could be wrong
Don't Leave Money on the Table
  • #838,469
  • Sep 17, 2024 11:42pm Sep 17, 2024 11:42pm
Quoting HaLBot
My 2 cents worth less all relevant government fees and charges I believe were going to have a cracking session like Monday, big players positioning themselves before what ever happens with FOMC....could be wrong
I think so too.. posted something from FXstreet yesterday about the possibility of a 0.5% cut which although mainly priced in could take us over 133 maybe to 134. Naturally the conference will have an impact too.
Insane in the Brain..
  • #838,470
  • Sep 17, 2024 11:43pm Sep 17, 2024 11:43pm
Quoting Whale
{quote} agree, some traders dream is to turn 100$ to 10000000$, doesn't matter if it possible or not, and what are the risks a long the way. let them keep the dream that giving them the motivation to succeed

Just talking to someone about this today.
In March 2021 at the height of the crypto bull market some guy who had bought Shib with a $100.00US when it was first minted was going nuts in this chatroom I was a part of because he had just made a million.
Million bucks of a 100 dollar bet......lucky bastard
Don't Leave Money on the Table
  • #838,471
  • Sep 17, 2024 11:43pm Sep 17, 2024 11:43pm
Shorting @ 1.31866, SL@ 1.32040
  • #838,472
  • Sep 17, 2024 11:45pm Sep 17, 2024 11:45pm
Quoting ScalaFX
{quote} partials, and best protected to the target
adding 3180 to full again
People don't plan to lose. They lose because they don't plan.
  • #838,473
  • Sep 17, 2024 11:48pm Sep 17, 2024 11:48pm
...current wkly lo is still well above last wk's lo, and the upside move from y/day's lo is the 2nd upside b/o of last wk's hi. Obviously despite y/day's bearish dark cloud cover candle on the dly, price is still in the shadow of Tuesday's bullish thrust candle on same t/f.

dly below
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Trader with an Edge.
  • #838,474
  • Sep 17, 2024 11:55pm Sep 17, 2024 11:55pm
Quoting elude
{quote} Auto added by sell stop order, 1.31751
So, 2 trade positions now, both sell:
1.31901 and 1.31751 SL 1.31721 (+18 and +3 pips) / TP 1.30371 (138 and 153 pips)
SL hit, +21 pips
  • #838,475
  • Sep 18, 2024 12:01am Sep 18, 2024 12:01am
...

4hr/1hr below
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Trader with an Edge.
  • #838,476
  • Sep 18, 2024 12:04am Sep 18, 2024 12:04am
Quoting Whale
{quote} damn re-enter at sl.
I’m running in the money with comfy.

bigger picture through 15m
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  • #838,477
  • Sep 18, 2024 12:05am Sep 18, 2024 12:05am
Quoting HaLBot
{quote} Just talking to someone about this today. In March 2021 at the height of the crypto bull market some guy who had bought Shib with a $100.00US when it was first minted was going nuts in this chatroom I was a part of because he had just made a million. Million bucks of a 100 dollar bet......lucky bastard
insane….
  • #838,478
  • Sep 18, 2024 12:08am Sep 18, 2024 12:08am
Today is expected to be very volatile ... 0.25 cut is already priced im which may send the pair to 1.3000, while an unexpected 0.50 cut may send the price to 1.3330 area.... I will wait for either of these two zones to take action, no one knows for sure what the cut margin will be. Safer to sit it out.
Data + Stat + Risk/Emotions Management
  • #838,479
  • Sep 18, 2024 12:10am Sep 18, 2024 12:10am
Quoting Whale
{quote} insane….
I know a guy who was a true believer when BTC just came out. He bought 1000 at 1$ and sold everything when that first big wave occurred at 20k.
in wondering about yourself, you forgot what you came here to be part of
  • #838,480
  • Sep 18, 2024 12:13am Sep 18, 2024 12:13am
Quoting Georginson
Today is expected to be very volatile ... 0.25 cut is already priced im which may send the pair to 1.3000, while an unexpected 0.50 cut may send the price to 1.3330 area.... I will wait for either of these two zones to take action, no one knows for sure what the cut margin will be. Safer to sit it out.
Hi, interesting article puts implied odds of a -0.5% cut @ just over 50% now

Record Wagers on Fed Cuts at Risk If Powell Fails to Go Big – BNN Bloomberg

It's probably something like, -0.25% 40% chance, -0.5% cut 43%, and > - 0.5% cut 7% chance ??
Just a -0.25% cut could 'disappoint?'

Days like this are why we are traders! With volatility and momentum comes potential opportunity!
Trader with an Edge.
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