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Cable Update (GBPUSD)

  • #855,541
  • Feb 28, 2025 12:19am Feb 28, 2025 12:19am
Quoting Dhruv2002
{quote} I bought at 1.26300 I'm almost going to hit SL, what are the chances of uptrend , I don't have much knowledge in technical analysis , I usually do fundamentals
I can't say for sure if price will attack 1.2630 today, but 1.2610/15 area may happen. The trend has turned bearish after prolonged bullish moves.

Price may sell off yet again today due to month end...see January ending for a clue.
Data + Stat + Risk/Emotions Management
  • #855,542
  • Feb 28, 2025 12:24am Feb 28, 2025 12:24am
Quoting Zebi
this is more of a public service announcement: I've noticed there's been many new members to forex factory showing up in here this past week so id like to warn you guys to steer clear of some individual types 1..run away and ignore the guys that never post a trade like coreg since they don't have balls but like starting trouble with people that do 2..run away and ignore the guys that just post screenshots of their profits 3..run away from the guys that post screenshots of their trades on a chart an hour or longer after price has turned and...
Looks like someone needs to blow some sand out of his fanny...
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  • #855,543
  • Feb 28, 2025 12:34am Feb 28, 2025 12:34am
I’m not sure this Orange Man Bad strategy is working for me. I think it’s probably not a good idea to bet against the World Reserve Currency during the onset of global economic downturn.
  • #855,544
  • Feb 28, 2025 12:34am Feb 28, 2025 12:34am
Quoting Zebi
this is more of a public service announcement: I've noticed there's been many new members to forex factory showing up in here this past week so id like to warn you guys to steer clear of some individual types 1..run away and ignore the guys that never post a trade like coreg since they don't have balls but like starting trouble with people that do 2..run away and ignore the guys that just post screenshots of their profits 3..run away from the guys that post screenshots of their trades on a chart an hour or longer after price has turned and...
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.....ROFLMAO
  • #855,545
  • Feb 28, 2025 12:37am Feb 28, 2025 12:37am
Quoting MoneyPrinte
{quote} DXY {image}
DXY....
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https://x.com/moneyprinte
  • #855,546
  • Feb 28, 2025 12:54am Feb 28, 2025 12:54am
Quoting MrFanciful
I’m not sure this Orange Man Bad strategy is working for me. I think it’s probably not a good idea to bet against the World Reserve Currency during the onset of global economic downturn.
Pick a pair you like, trade it on demo randomly for a year, then come up with your own strategy, never use someone else's as what works for them won't necessarily work for you, different people trading the same system will have different results...
  • #855,547
  • Feb 28, 2025 1:13am Feb 28, 2025 1:13am
Quoting Georginson
{quote} Second look and a little change of plan. I will exit the buy at 1.2615 and start selling from 1.2615 for a target of 1.2540.... price may sell till 1.2450 early March before rocket to 1.2900
I'm waiting for a London spike to between 2620-2630 from where I'll sell and wait for price to hit March's monthly pivot which might be in the lower 2500s or lower. We have a bullish engulfing month and it won't go away easily. Price will touch higher than the current month's high but from where is the question. The safest bet is the monthly pivot for March and that's assuming price closes decently today.

Second problem for scal buys is that London with all their trickery might decide to just dump without a touch of today's pivot at 2630, or without a spike at all.
  • #855,548
  • Feb 28, 2025 1:16am Feb 28, 2025 1:16am
Quoting Mitiblotch
{quote} I'm waiting for a London spike to between 2620-2630 from where I'll sell and wait for price to hit March's monthly pivot which might be in the lower 2500s or lower. We have a bullish engulfing month and it won't go away easily. Price will touch higher than the current month's high but from where is the question. The safest bet is the monthly pivot for March and that's assuming price closes decently today. Second problem for scal buys is that London with all their trickery might decide to just dump without a touch of today's pivot at 2630,...
could do with a spike up to clean out some dead wood before the weekend...
  • #855,549
  • Feb 28, 2025 1:18am Feb 28, 2025 1:18am
Quoting Waveskierrob
{quote} could do with a spike up to clean out some dead wood before the weekend...
Yes. I need thay spike to sell and hold until March pivot hits from where I'll buy after careful consideration for onward March to 1.3000 at least.
  • #855,550
  • Feb 28, 2025 1:44am Feb 28, 2025 1:44am
Quoting MoneyPrinte
{quote} GJ..... {image}
REJECT OR BREAKOUT
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  • #855,551
  • Feb 28, 2025 1:59am Feb 28, 2025 1:59am
Quoting ThaoAnh
{quote} {image}
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  • #855,552
  • Feb 28, 2025 2:00am Feb 28, 2025 2:00am
Quoting MoneyPrinte
{quote} REJECT OR BREAKOUT {image}
BREAKOUT WE DIE,,REJECT WE SURVIVE

Don't take this too seriously—enjoy your day
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  • #855,553
  • Feb 28, 2025 2:10am Feb 28, 2025 2:10am
I just need 25 pips. Long 2593. TP 2620. SL 2560.
  • #855,554
  • Feb 28, 2025 2:34am Feb 28, 2025 2:34am
Short GJ at 18977 looking for a correction to 18930
Insane in the Brain..
  • #855,555
  • Feb 28, 2025 2:36am Feb 28, 2025 2:36am
Like i suspected
The mf going to retrace up
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yes yes yes
  • #855,556
  • Edited 3:20am Feb 28, 2025 3:07am | Edited 3:20am
G/M, y/day's < 30day adr bearish thrust dly candle has seen a slight downside follow-thru today so far where @ the current dly lo demand was met in the 4hr /dly parts of the prev 1hr/4hr/minor dly sw lo zone = prev supp = pot supp that extends down to last wk's 2562 lo, thru which Dly S1, Wkly S1, and 2 x longer-term fibs run, (incl 23.6% 2100-2716) lower down in it.

EDIT: added a bit

1hr below
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Trader with an Edge.
  • #855,557
  • Feb 28, 2025 3:11am Feb 28, 2025 3:11am
Switched to long GJ looking for a retest yesterdays high
Insane in the Brain..
  • #855,558
  • Feb 28, 2025 3:13am Feb 28, 2025 3:13am
Only on 30M chart i see support at 2850, otherwise nothing until 2830.
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  • #855,559
  • Feb 28, 2025 3:15am Feb 28, 2025 3:15am
...so, 3rd 4hr upside b/o of last wk's 2678 hi proved false too....so far today 2 x false downside b/o's of y/day's 2598 lo, but price still in the asian pip range. No b/o of last wk's 2562 lo yet, and y/day's 2689 hi, and 2716 current wkly hi look a long ways off right now, lol.

4hr below
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Trader with an Edge.
  • #855,560
  • Feb 28, 2025 3:18am Feb 28, 2025 3:18am
Quoting Georginson
January resistance of 1.2575 becoming a support is a possibility... Bought at 1.2583, target 1.2750... pending buy at 1.2500.
Exited at 1.2605... +22 pips.
Data + Stat + Risk/Emotions Management
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