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Cable Update (GBPUSD)

  • #854,321
  • Feb 17, 2025 12:03pm Feb 17, 2025 12:03pm
Boring day today. No real moves. Gunna try a scalp short below 1.2619(break below H1 middle pivot and see if value is found. Didnt quite hit the daily R1 so this is a bit risky but lets see
  • #854,322
  • Feb 17, 2025 12:04pm Feb 17, 2025 12:04pm
Checking pa , may not test and breaks up previous top today !
Signal. 2620 , top failure limit 2614
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #854,323
  • Feb 17, 2025 12:05pm Feb 17, 2025 12:05pm
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  • #854,324
  • Feb 17, 2025 12:58pm Feb 17, 2025 12:58pm
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  • #854,325
  • Feb 17, 2025 1:06pm Feb 17, 2025 1:06pm
Quoting Datatrades1
{image}
pullback pending, go bears...looking to short tomorrow
Consistency isn't Glamorous But That's How Legends are Made
  • #854,326
  • Feb 17, 2025 1:17pm Feb 17, 2025 1:17pm
2632 giga short
People don't plan to lose. They lose because they don't plan.
  • #854,327
  • Feb 17, 2025 1:31pm Feb 17, 2025 1:31pm
Quoting sharingan9
Boring day today. No real moves. Gunna try a scalp short below 1.2619(break below H1 middle pivot and see if value is found. Didnt quite hit the daily R1 so this is a bit risky but lets see
Price moved up from that level to the Daily R1 target. Still in the trade but I new I shoulda waited. Will make another short entry in the next hour around 2631

Edit*: If it goes tod far above 2637 then it may continue to go up. lets hope it stays contained
  • #854,328
  • Feb 17, 2025 1:54pm Feb 17, 2025 1:54pm
my girlfriend just shorted GU at 2625

she says it will retrace all of today's advance since its a holiday and just dumbass pissant retailers buying today

id like to see a 75 pip retrace to 2520/2550 to add more longs to my position


I'm starting to like her confidence LOL
I think she stole my description of holiday traders since shes heard it so often
short trump and go long the deepstate
  • #854,329
  • Feb 17, 2025 2:15pm Feb 17, 2025 2:15pm
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I am temporarily out of long. Hoping there may be a liquidity sweep before price proceeds to 1.27xx.

I may be selling temporarily to take advantage of the sweep...

Goodluck
Market Structure is the King.....
  • #854,330
  • Feb 17, 2025 2:28pm Feb 17, 2025 2:28pm
Quoting JeremiaDa
{quote} pullback pending, go bears...looking to short tomorrow
Daily bearish trend broken, and into bullish. Why fight it, at least that is what I think.
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  • #854,331
  • Edited 2:57pm Feb 17, 2025 2:36pm | Edited 2:57pm
Bull still Bull, but today the range trading is very small, only 56. Want to profit, must always look for buy at the bottom of range.
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #854,332
  • Feb 17, 2025 2:41pm Feb 17, 2025 2:41pm
Quoting Zebi
{quote} I thot you turned bullish miti...or you both long and short at the same time?
Holding a short from 2590. I'm bullish so long as 2366 holds. This is just a scalp as I mentioned when I gave the call.
  • #854,333
  • Feb 17, 2025 3:06pm Feb 17, 2025 3:06pm
Quoting Datatrades1
{quote} Daily bearish trend broken, and into bullish. Why fight it, at least that is what I think. {image}
the market doesn't move in straight lines if there's an impulse there should be a retracement... I only said short because i would like to trade the retracement but i know bulls are now in control
Consistency isn't Glamorous But That's How Legends are Made
  • #854,334
  • Feb 17, 2025 4:04pm Feb 17, 2025 4:04pm
Quoting JeremiaDa
{quote} the market doesn't move in straight lines if there's an impulse there should be a retracement... I only said short because i would like to trade the retracement but i know bulls are now in control
Yes I agree that the market doesn't move in a straight line. Control is also very subjective based on the fact that buyers can be in control on one timeframe at a particular target while sellers are in control on a larger or smaller timeframe at a particular target level. In fact I wouldn't really use the term control since buyers and sellers can share a perception of value. Buyer and seller are just temporary titles. They are traders that can be buyers then become sellers so logically buyers and sellers can have the same perception.

Example: Buyers reach a target level where they are satisfied with their profits and anticipate other buyers will take profits and sellers will step in so buyer perception is value will go down which leads to price drop. Sellers at the same level anticipate buyers are satisfied at this level and will take profit while other sellers will step in so the seller perception is also that value will go down which leads to a price drop.

The key is not to see whether buyers or sellers have control but rather it is to see where buyers and sellers agree in the direction of price(shared perception of value). Don't trade when buyers and sellers are at odds. Trade when they agree.
  • #854,335
  • Feb 17, 2025 4:13pm Feb 17, 2025 4:13pm
@sharingan how often do they agree cuz i never knew about that, i was always concerned about who is in control, how can i identify does points
Consistency isn't Glamorous But That's How Legends are Made
  • #854,336
  • Edited 5:13pm Feb 17, 2025 4:54pm | Edited 5:13pm
Mon lows is the min target for my single short
Ideal ~1.2522. DOM shows path of least resistance is down, but it's market close
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Air force
  • #854,337
  • Feb 17, 2025 4:59pm Feb 17, 2025 4:59pm
BTW
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Air force
  • #854,338
  • Feb 17, 2025 6:27pm Feb 17, 2025 6:27pm
Quoting Yngwie
sold 1.2609
add sell 1.2620
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #854,339
  • Edited 7:17pm Feb 17, 2025 6:49pm | Edited 7:17pm
Quoting JeremiaDa
@sharingan how often do they agree cuz i never knew about that, i was always concerned about who is in control, how can i identify does points
Quoting sharingan9
Boring day today. No real moves. Gunna try a scalp short below 1.2619(break below H1 middle pivot and see if value is found. Didnt quite hit the daily R1 so this is a bit risky but lets see
Quoting sharingan9
{quote} Price moved up from that level to the Daily R1 target. Still in the trade but I new I shoulda waited. Will make another short entry in the next hour around 2631 Edit*: If it goes tod far above 2637 then it may continue to go up. lets hope it stays contained
There are many ways to find agreement. Price action, wave trading etc. But for me I use pure auction theory as described in the nobel prize award webpages where they mention a particular progression: Interpretations form market sentiment which forms perception of value. I use pivot targets to serve as the interpretations across multiple timeframes which form the market sentiment which then forms a shared perception of value. Perfect example is the trades I took below on GU late US session:

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  • #854,340
  • Feb 17, 2025 7:26pm Feb 17, 2025 7:26pm
Quoting sharingan9
{quote} {quote} {quote} There are many ways to find agreement. Price action, wave trading etc. But for me I use pure auction theory as described in the nobel prize award webpages where they mention a particular progression: Interpretations form market sentiment which forms perception of value. I use pivot targets to serve as the interpretations across multiple timeframes which form the market sentiment which then forms a shared perception of value. Perfect example is the trades I took below on GU late US session: {image} {image} {image}
understood, thanks man
Consistency isn't Glamorous But That's How Legends are Made
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