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Cable Update (GBPUSD)

  • #842,801
  • Oct 21, 2024 8:20pm Oct 21, 2024 8:20pm
Uj is on fire tonight
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Master your mind. Master Trading.
  • #842,802
  • Edited 8:34pm Oct 21, 2024 8:21pm | Edited 8:34pm
somethins brewing in the middleeast

the shekel falling against the Iranian rial since Sunday ...it would be nice if it made even lower lows
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short trump and go long the deepstate
  • #842,803
  • Edited 10:38pm Oct 21, 2024 8:23pm | Edited 10:38pm
It was auturn yesterday very expected 2980 but done abnormally one-way without correction ! Anyway now previous too near, if try correct 3992 signal , breaks and hold while limit up 3012 , resistance tl
Around 3000, failure bounce breaks limit or at any level should bear continue!.anyway like previous top previous not broken too.so play withing still. And looking for correction up.
If bear continue then support can be ,2930 and 2872.


testing 3000 /06 tl resistance . not far away from limit 3011 breaks limi . may easily target 3031 plus 3051 perfect and may 3067
anyway intermediate resistance around 3010 and may close temporarily or be set for long ! and as no news effects perhaps in the morning session all sr should react more or less !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #842,804
  • Oct 21, 2024 8:37pm Oct 21, 2024 8:37pm
Quoting KareemAliFx
Uj is on fire tonight {image}
It’s actually amazing how profitable Asian session has been for me lately ! Going to bed stop loss in profit
Master your mind. Master Trading.
  • #842,805
  • Oct 21, 2024 8:56pm Oct 21, 2024 8:56pm
Quoting KareemAliFx
{quote} It’s actually amazing how profitable Asian session has been for me lately ! Going to bed stop loss in profit
still holding uj bought nzdjpy
  • #842,806
  • Oct 21, 2024 9:23pm Oct 21, 2024 9:23pm
im goin to bed...i put in sell limit orders at 3001,3010 and 3020

see you all in the mornin


looking for new lows this week
short trump and go long the deepstate
  • #842,807
  • Edited Oct 22, 2024 2:15am Oct 21, 2024 9:37pm | Edited Oct 22, 2024 2:15am
long at : 1.30
Sl : 1.2985
Tp : TBD(closed at 1.3010) (+10pip)
---------------------
Short at 1.3010
Sl : 1.3025
Tp ::TBD(closed at 1.2990) (+20pip)
---------------------
  • #842,808
  • Oct 21, 2024 10:00pm Oct 21, 2024 10:00pm
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yes yes yes
  • #842,809
  • Oct 21, 2024 10:03pm Oct 21, 2024 10:03pm
Quoting Zebi
im goin to bed...i put in sell limit orders at 3001,3010 and 3020 see you all in the mornin looking for new lows this week
night night
  • #842,810
  • Oct 21, 2024 10:03pm Oct 21, 2024 10:03pm
Quoting Moty
{image}
where is it going??
  • #842,811
  • Oct 21, 2024 10:05pm Oct 21, 2024 10:05pm
Quoting FulMargnAlch
{quote} Too late for me anyways. Too large candles. hehe {image}
i would recommend you to sell here
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yes yes yes
  • #842,812
  • Oct 21, 2024 10:47pm Oct 21, 2024 10:47pm
could bounce to 130.20ish and would be a sell there.
  • #842,813
  • Edited 11:14pm Oct 21, 2024 11:04pm | Edited 11:14pm
sr 2994 to retest 3011 possible . watching
if breaks 3012 . the next sr may at 3026 while signal 3032 and eurusd may test by that time 0840 sr
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #842,814
  • Oct 21, 2024 11:17pm Oct 21, 2024 11:17pm
Quoting ChiForex
{quote} A break of 1.3140s can be followed by a fall toward 1.2830s and 1.2670s for this month for GU. For EU, a break of 1.1030s will make it fall to 1.0850-70s, and there further weakness can target 1.0540s the ultimate goal for bears. ***I don't see any upside movement. Watch out all
Just a reminder from October 1... especially for the clown traders who have no long term vision!!!

GU bulls are still stubborn at 1.2970s for a simple reason of weekly support, a break will make bears take full control with a crash toward the way lower levels mentioned above
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #842,815
  • Oct 21, 2024 11:31pm Oct 21, 2024 11:31pm
G/M, < 30day adr bearish dly candle y/day tested the prev 1hr/4hr/minor dly sw lo zone = prev supp x 1 now = pot supp that extends down to last wk's 2973 lo. So far today, a rise up from there during Asian session, and an early London 1st upside b/o of Asian hi. Asian lo is presently the current dly lo. 4hr.and possibly 1hr (?) in a general downtrend.

1hr below
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Trader with an Edge.
  • #842,816
  • Edited 11:47pm Oct 21, 2024 11:36pm | Edited 11:47pm
...there is a repeating pattern of 1hr bearish hidden div which may stay valid whilst price below 3033.
Layered pot sbr on 4hr from current dly hi up to circa 3043. There is a next higher t/f (4hr) general downtrend, -but- the last lo was effectively a HL on that t/f!
50% of y/day's drop is @ 3018, 61.8% @ 3027.

4hr below
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Trader with an Edge.
  • #842,817
  • Oct 22, 2024 12:15am Oct 22, 2024 12:15am
Quoting ChiForex
{quote} Just a reminder from October 1... especially for the clown traders who have no long term vision!!! GU bulls are still stubborn at 1.2970s for a simple reason of weekly support, a break will make bears take full control with a crash toward the way lower levels mentioned above
Just a reminder for the clown trader that doesn't understand that 'longer-term' is relative to t/f (s) traded. For eg - for those largely on the 5min and below triggers, 4hr is 'long-term.' Do'h!
Trader with an Edge.
  • #842,818
  • Oct 22, 2024 12:21am Oct 22, 2024 12:21am
  •  pranith
  • | Joined Jan 2023 | Status: Market shows d way, we just follow | 5 Posts
Quoting Headland
{quote} Just a reminder for the clown traders that don't understand that 'longer-term' is relative to t/f (s) traded. For eg - for those largely on the 5min and below triggers, 4hr is 'long-term.' Do'h!
Hai headland,
Could you shed more light on this
you said if my trigger is 5min or below 4h is my Longterm or Higher time frame chart
what if 15m is my trigger or 1h is my trigger?

TIA
  • #842,819
  • Edited 1:42am Oct 22, 2024 12:26am | Edited 1:42am
Quoting pranith
{quote} Hai headland, Could you shed more light on this you said if my trigger is 5min or below 4h is my Longterm or Higher time frame chart what if 15m is my trigger or 1h is my trigger? TIA
Hi, if 15min for example was your trigger t/f for entering trades, your next 2 higher t/f's would most advisedly be 1hr then 4hr then dly. If 5min was your trigger t/f then it might be 30min then 2hr then 12hr etc.. So, for instance, if you were entering a trade on your 15min - say a with trend entry after a pullback then you would need to know that at least your next higher t/f (1hr) was actually trending, and preferably 4hr (and even above that) too. Ie you should advisedly increase by a factor of x 4 ideally, not always possible when you want to use t/f's that most market participants are using, so round up or down.
Trader with an Edge.
  • #842,820
  • Oct 22, 2024 12:33am Oct 22, 2024 12:33am
Pretty decent correction so far not expecting a big one as the general trend is down. Maybe the 13015 area was the best area to short from
Insane in the Brain..
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