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Cable Update (GBPUSD)

  • #850,141
  • Edited 8:43am Jan 8, 2025 8:24am | Edited 8:43am
Quoting Georginson
GBPUSD UPDATE Yearly Opened at 1.2512 ✓Very possible areas price will touch this year are 1.2712 and 1.2312 ✓No single Quarter of year 2024 produced 1000+ pips, so expect one or two quarters of this year to produce 1000+ pips. ✓Expected range for this January is 450 - 650 pips... 225 pips done so far, which means 1.27 or 1.20 will likely be seen this January. Be patient, let price come to you.
Hi George

Thanks for your stats. Always good to see.
Maybe you'll find this useful for your analysis:

filtered by low in first n_ days of a quarter
(5 day open to low, old label)
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I have posted this approach for Q4'24 - https://www.forexfactory.com/thread/...3#post15030263
Air force
  • #850,142
  • Jan 8, 2025 8:26am Jan 8, 2025 8:26am
this is going crazy on gbpjpy, I'm waiting for a return to this movement I hope this doesn't take my buckets
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  • #850,143
  • Jan 8, 2025 8:30am Jan 8, 2025 8:30am
Quoting W0lfram
{quote} Hi George Thanks for your stats. Always good to see. Maybe you'll find this useful for your analysis: filtered by low in first n_ days of a quarter{image} {image} I have posted this approach for Q4'24 - https://www.forexfactory.com/thread/...3#post15030263
Hello, I hope this message finds you well, I'm a beginner, where can I study to learn how to read these seasonal statistics?
  • #850,144
  • Edited 10:19am Jan 8, 2025 8:30am | Edited 10:19am
Today daily close important 2349 , this weekly close 2371 and if all hold as such then it may not bother previous low 2297 breaks so soon, after all yearly assumed strong down but shorter last 4 possible!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #850,145
  • Jan 8, 2025 8:42am Jan 8, 2025 8:42am
Quoting F.g
{image} Long here, NOW.

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BP H. --- That s a blow......crew............... Returned to desk and found this.........A paradigm [Greek word , by the way...]

of how not to trade........ I think 1.24 10 is reachable . I will wait for it

  • #850,146
  • Jan 8, 2025 8:46am Jan 8, 2025 8:46am
Again mf !!!!!
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yes yes yes
  • #850,147
  • Jan 8, 2025 9:04am Jan 8, 2025 9:04am
Quoting Bazzyesod9
{quote} Hello, I hope this message finds you well, I'm a beginner, where can I study to learn how to read these seasonal statistics?
Hi

Hard question. As for the table: quarter and year are young, even if it dropped so hard in first days, there are quite high prob. to retrace above quarterly open.
see oh column.
Utility depends on trading style..
Air force
  • #850,148
  • Jan 8, 2025 9:05am Jan 8, 2025 9:05am
Last night my dog had a breast attack and I had to not sleep for 24 hours. I woke up now and saw that I am 60 dollars in loss in Eur/jpy Gbp/usd and eur/usd
I don't know what to do
Any idea ?
Only one thing makes me happy is that if I was awake I would have lost my account and my money together
A little beginner trader since 2006
  • #850,149
  • Jan 8, 2025 9:05am Jan 8, 2025 9:05am
Just waiting a little pullback to close all with 1/2 loos if it's possible.
A little beginner trader since 2006
  • #850,150
  • Jan 8, 2025 9:36am Jan 8, 2025 9:36am
closed shorts from 1.2545 ( belive it or not..)

No trades in play.
Watching 1.2270 for retracement
  • #850,151
  • Jan 8, 2025 9:38am Jan 8, 2025 9:38am
Quoting Headland
{quote} Hi, could be the Trump tariff latest that hit the newswires? Anyways, great run down and with price @180% 30 day adr, > Dly S3, and deep in the dly part of the prev 4hr/dly/wkly/mthly sw lo zone = prev supp = pot supp that extends down to last yr's 2300 lo, it was a great bounce up too from current dly lo. Beware the sell the bounce players if keeping long!
Looks like the prev 1hr/4hr/minor dly sw lo zone = prev supp = prev sbr = pot sbr starting @ 2352 has contained the bounce up from the 2320-25 region (2322 current dly lo) so far. Of course the run down to current dly lo could just be a stop run on said last wk's 2352 lo,? but the bears may have the 2300 last yr's lo level in sight too? Wkly S1 is lower down in that prev 4hr/dly/wkly/mthly sw lo zone = prev supp = pot supp, that extends down to 2300. 2nd Downside b/o of Y/day lo and 1st downside b/o of Asian lo and Last wk's lo remain true for now at least. Price remains under the Dly, Wkly, Mthly and Yrly pivots right now. Yrly S1 is @/around 2063.

4hr then 1hr, then 10/20/40 ema crosses graphic, then downside fibs below.
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Trader with an Edge.
  • #850,152
  • Jan 8, 2025 9:44am Jan 8, 2025 9:44am
Quoting W0lfram
{quote} Hi George Thanks for your stats. Always good to see. Maybe you'll find this useful for your analysis: filtered by low in first n_ days of a quarter (5 day open to low, old label) {image} {image} I have posted this approach for Q4'24 - https://www.forexfactory.com/thread/...3#post15030263
Thanks mate, i will look at it closely.
Data + Stat + Risk/Emotions Management
  • #850,153
  • Jan 8, 2025 9:54am Jan 8, 2025 9:54am
Quoting suhas316
GBP USD W chart Target 1.22996 {image}
Again near target 1.22996..
If 1.22996 breaks then my next target is 1.20373
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!! Radha Radha !!
  • #850,154
  • Jan 8, 2025 10:15am Jan 8, 2025 10:15am
...The current dly (/wkly/mthly/yrly) lo is @ a level we haven't seen since April of last year when the 2300 last yr's lo was made. Below there, on the wkly chart and above, we have to go down to the prev sw lo zone leading down to 2069 (which is coexistent with another that extends down to 2038, and a 1st test on it,) for a potential supp zone, on this t/f and higher.

wkly below
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Trader with an Edge.
  • #850,155
  • Jan 8, 2025 10:18am Jan 8, 2025 10:18am
Quoting suhas316
{quote} Again near target 1.22996.. If 1.22996 breaks then my next target is 1.20373 {image}
Your target contains a buffer of upto 30 pips. 1.2290/1.3020. Price may decide to pullback with the touch of the zone @ 1.3020 therefore apply risk management accordingly.

Goodluck friend.
Market Structure is the King.....
  • #850,156
  • Jan 8, 2025 10:26am Jan 8, 2025 10:26am
Yes yes yes
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yes yes yes
  • #850,157
  • Jan 8, 2025 10:30am Jan 8, 2025 10:30am
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Contrarian
  • #850,158
  • Jan 8, 2025 10:38am Jan 8, 2025 10:38am
It's always interesting to see people buying when I am selling. I guess that is what makes a market. I have closed all my trades on the GBP/JPY and GBP/USD. Today's PA opens the door for 1.2260 and below. We'll have to see if they will push for that or square up PA above. This is definitely not a buying opportunity for long-term trading...yet.
  • #850,159
  • Jan 8, 2025 10:55am Jan 8, 2025 10:55am
Quoting W0lfram
{quote} Hi George Thanks for your stats. Always good to see. Maybe you'll find this useful for your analysis: filtered by low in first n_ days of a quarter (5 day open to low, old label) {image} {image} I have posted this approach for Q4'24 - https://www.forexfactory.com/thread/...3#post15030263
This is really nice and very well detailed... This will aid my analysis and even outlook for the year.
Data + Stat + Risk/Emotions Management
  • #850,160
  • Jan 8, 2025 11:07am Jan 8, 2025 11:07am
Switched to short
I'm in for 10-20 pips
But there. Is no.rules
It can drop all the to.1.23000 area
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yes yes yes
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