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Cable Update (GBPUSD)

  • #840,801
  • Oct 4, 2024 9:50am Oct 4, 2024 9:50am
D1- long legged doji
weekly- unclear
monthly- neutral/bullish
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #840,802
  • Oct 4, 2024 9:55am Oct 4, 2024 9:55am
Risk off ! It was always risk off !
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Master your mind. Master Trading.
  • #840,803
  • Oct 4, 2024 9:57am Oct 4, 2024 9:57am
Someone was talking about Oil before and this image puts into perspective just how big the Oil market is....no oil our advanced civilisation ceases to exist and we go back to the 1700s
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Don't Leave Money on the Table
  • #840,804
  • Oct 4, 2024 10:13am Oct 4, 2024 10:13am
Done for the weekend… catch you all next week holding shorts.. if shits go crazy in the Middle East we could see a big dump on Sunday night/Monday
Insane in the Brain..
  • #840,805
  • Oct 4, 2024 10:16am Oct 4, 2024 10:16am
Gold doesn’t care about the silly bears ! It’s marching forward ! I’m going to hold gold buys through weekend because there could be a high chance for a nice gap up !
Master your mind. Master Trading.
  • #840,806
  • Oct 4, 2024 10:25am Oct 4, 2024 10:25am
Quoting palpite
{quote} GBPUSD - Sell {image}
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Together we can be strongest
Vantage Return This Month: na
  • #840,807
  • Oct 4, 2024 11:51am Oct 4, 2024 11:51am
Quoting 1dominican
short term bias sell gbpusd 1h char {image}
daily chart is the way to go,holding trades for severals days instead of daytrading
""TP is whatever you can get before it goes against you.""
  • #840,808
  • Oct 4, 2024 12:17pm Oct 4, 2024 12:17pm
Quoting palpite
{quote} {image}
Hey Palpite, do you trade using the XARD System ?
What are the three yellow lines and the blue line on your chart on the right ?
Thanks!
  • #840,809
  • Oct 4, 2024 12:19pm Oct 4, 2024 12:19pm
Quoting 1dominican
{quote} daily chart is the way to go,holding trades for severals days instead of daytrading
why so...?
  • #840,810
  • Oct 4, 2024 12:25pm Oct 4, 2024 12:25pm
Quoting Whale
1.3125 area could act as resistance, i will take off my long there and wait. {image}
tp hit.
happy weekend.
hope next week for continuation of the bull camp
  • #840,811
  • Oct 4, 2024 12:33pm Oct 4, 2024 12:33pm
Quoting 1dominican
{quote} daily chart is the way to go,holding trades for severals days instead of daytrading
yes I agree especially with the crazy volatility lately stop losses need to placed in the right areas which is why I like using daily for it
Master your mind. Master Trading.
  • #840,812
  • Oct 4, 2024 12:34pm Oct 4, 2024 12:34pm
Quoting BeeTogether
Done for the weekend… catch you all next week holding shorts.. if shits go crazy in the Middle East we could see a big dump on Sunday night/Monday
Man, yes... Shits can go crazy in Middle East...... Israel plus USA will wipe out all oil producing facilities in Iran . To say the least.

No power can stop them . This is already in the market imho .....I believe we might have seen some significant lows in E. and BP.

Crest in $JY. --- Next week will show us. We are not prophets.....

Stay safe all.

  • #840,813
  • Oct 4, 2024 12:39pm Oct 4, 2024 12:39pm
Quoting 1dominican
{quote} daily chart is the way to go,holding trades for severals days instead of daytrading
Ex-long term position trader here. I used to think that longer timeframes give more reliable results but man was i wrong. In a longer timespan you are more exposed to random risks. Such as wars, politics, central bank interventions etc.

I find shorter periods of time much more predictable. Longer you hold the trade, longer you are exposed to risks. The shorter they are, less chance for random stuff to happen.

Ofc we can agree to disagree, it's just my humble opinion. Cheers mate
You have to have an IQ higher than 90 to interact with this user.
  • #840,814
  • Oct 4, 2024 12:47pm Oct 4, 2024 12:47pm
Quoting Nordling
{quote} Ex-long term position trader here. I used to think that longer timeframes give more reliable results but man was i wrong. In a longer timespan you are more exposed to random risks. Such as wars, politics, central bank interventions etc. I find shorter periods of time much more predictable. Longer you hold the trade, longer you are exposed to risks. The shorter they are, less chance for random stuff to happen. Ofc we can agree to disagree, it's just my humble opinion. Cheers mate
Can you blame your bad system for failing trading long term positions?

see just to point a KISS way to trade long position,
just tell me how many pipis GBPUSD drop just in the las 5 days?
those put it in and out in and out in and out missed the big drop
""TP is whatever you can get before it goes against you.""
  • #840,815
  • Oct 4, 2024 12:54pm Oct 4, 2024 12:54pm
Quoting 1dominican
{quote} Can you blame your bad system for failing trading long term positions? see just to point a KISS way to trade long position, just tell me how many pipis GBPUSD drop just in the las 5 days? those put it in and out in and out in and out missed the big drop
Bad system? Lol.

Love your confidence and strong assumptions Been there done that as well.

Good luck mate, mine was just a friendly advice
You have to have an IQ higher than 90 to interact with this user.
  • #840,816
  • Oct 4, 2024 1:05pm Oct 4, 2024 1:05pm
Quoting Nordling
{quote} Bad system? Lol. Love your confidence and strong assumptions Been there done that as well. Good luck mate, mine was just a friendly advice
thanks,
lol
""TP is whatever you can get before it goes against you.""
  • #840,817
  • Edited 1:50pm Oct 4, 2024 1:20pm | Edited 1:50pm
The low close weekly to have better strength down for next week below 3121.
3250 may back having support around 3100 and test bear target next 3000 may take 2 to 3 weeks possible !
And daily doji may support weekly too ! Again , daily more likely test ,3000 before the bounce , may spike down , not solid candle ! Let's see

Checking pa usdx , hit the resistance tl strong , likely back to bottom or next floating support than breaks directly up!! So favour other bull try medium to more even ,
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,818
  • Oct 4, 2024 1:25pm Oct 4, 2024 1:25pm
Quoting palpite
{quote} GBPUSD - Sell {image}
Switched to Buy

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Together we can be strongest
Vantage Return This Month: na
  • #840,819
  • Oct 4, 2024 1:43pm Oct 4, 2024 1:43pm
Dxy about to finish his best week since September 22.

I will follow the daily chart next week.. maybe we will see big rise for the rest of october.
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  • #840,820
  • Oct 4, 2024 1:47pm Oct 4, 2024 1:47pm
Quoting Whale
Dxy about to finish his best week since September 22. I will follow the daily chart next week.. maybe we will see big rise for the rest of october. {image}

How do you think that'll affect Gold?
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