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Cable Update (GBPUSD)

  • #855,961
  • Mar 5, 2025 2:22am Mar 5, 2025 2:22am
Quoting Moty
{image}
I'm looking at it and thinking, where the hell are these bulls placing their stops?
  • #855,962
  • Mar 5, 2025 2:24am Mar 5, 2025 2:24am
Dollah Index

Weak USD going for 13,000
BOS



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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #855,963
  • Mar 5, 2025 2:24am Mar 5, 2025 2:24am
GU bears will have to wait another 30-40 pips
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  • #855,964
  • Mar 5, 2025 2:27am Mar 5, 2025 2:27am
Hi 1.286. Are u diving soon?
  • #855,965
  • Mar 5, 2025 2:28am Mar 5, 2025 2:28am
Quoting Pat Chiko
CABLE dont become liquiidty Unless structure break, then we change direction, if not dont stand in the middle of F1 track while race. First you look like an idiot, 2nd you dont prove anything, just stupity brave. Better stilll, use that money to buy lottery for this weekend draw. {image}
CABLE

break channel.
RT b4 continue.

Seller is helping in pushing price up,


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #855,966
  • Mar 5, 2025 2:29am Mar 5, 2025 2:29am
G/M, a 2nd > 30day adr bullish candle on the dly y/day and so far today an upside follow-thru again with a 1st upside b/o of asian hi (above y/day's hi - ie the 1st upside b/o of it.) then y/day's ji up to a prev 4hr/dly sw lo zone = pot sbr that started @ 2834. Price is now above the 50% of the total 3434-2100 fall.

dly below
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Trader with an Edge.
  • #855,967
  • Mar 5, 2025 2:31am Mar 5, 2025 2:31am
Quoting Pat Chiko
{quote} GJ Scalping LONG If luck got, there will be some tiny profit waititn.{image}
GJ

Some tiny profit made.
moving Stop closer to open price to maintain insanity of this trades.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #855,968
  • Mar 5, 2025 2:31am Mar 5, 2025 2:31am
sell from 1.2845 and a target of 1.2570:is realistic... SWING NOT SCALP.

This current month has no lower wick... 80% chance price will attack the open at 1.2578 and drop at least 18 pips lower wick.

Current weekly range 272 pips of maximum 300 pips expected and its only Wednesday, This means good retracement is expected.
Data + Stat + Risk/Emotions Management
  • #855,969
  • Mar 5, 2025 2:39am Mar 5, 2025 2:39am
Quoting Pat Chiko
{quote} GJ Nice one Bro. Since cable are now strong in in few other crosses (especially GBP/CAD that has been rocket for one month without refueling) Tab on liquidty abocve should be nice to get this pair going south again.{image}
cheers bro! I’m looking to short in time for US data. Have SL at b/e which might hit as we didn’t clear the resistance level yet but will try again. US data predicted to be red that should bring yen pairs down


edit: SL hit at b/e. Now looking for a reentry
Insane in the Brain..
  • #855,970
  • Edited 3:10am Mar 5, 2025 2:49am | Edited 3:10am
...the week is already @ 130% of 13wk awr and @ current dly/wkly hi, (which is also the current mthly/yrly hi,) is above Wkly R3.

EDIT: corrected typo
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Trader with an Edge.
  • #855,971
  • Mar 5, 2025 2:57am Mar 5, 2025 2:57am
DXY just broke below 105. However, US 10yr yield has jumped up 15 basis points since yesterday.
  • #855,972
  • Mar 5, 2025 3:04am Mar 5, 2025 3:04am
Closed last 3 positions, EU for 90pips, GBPCAD for 70pips and GBPCHF for 50pips.

375pips in 6 position, good day at the office. That's me folks, until next week. Cheers
  • #855,973
  • Mar 5, 2025 3:05am Mar 5, 2025 3:05am
I was only joking about 1.29 by the end of the day
  • #855,974
  • Mar 5, 2025 3:09am Mar 5, 2025 3:09am
the drop is coming
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yes yes yes
  • #855,975
  • Mar 5, 2025 3:15am Mar 5, 2025 3:15am
While I understand that the DXY is considered high. The GBPUSD monthly chart still looks bearish to me.

If (I mean 'when') we go into a global recession and even a global currency collapse due to a loss in faith of the fiat currency system, I would still expect the dollar to soar due its status as the WRC and global commodities being priced in dollars. We are a long, long way off another currency replacing it.

This could quite easily be a pullback on the monthly, with it turning either this month or April perhaps. I think when the 'shit hits the fan', the world will still flock to the dollar (and gold after a sell off) regardless of who sits behind the Resolute Desk.

Also, we have pretty much already done an average monthly move already for March, and it's only the 3rd trading day of the month.
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  • #855,976
  • Mar 5, 2025 3:21am Mar 5, 2025 3:21am
Long GJ 19170 looking for the liquid zone that Pat mentioned earlier
Insane in the Brain..
  • #855,977
  • Mar 5, 2025 3:23am Mar 5, 2025 3:23am
...this prev 4hr/dly sw lo zone = pot sbr that begins @ 2834, and where current dly hi is, (and that extends up to circa 2873 on dly t/f,) is from 6th Nov last year. Price has already traveled 90% of 30day adr so far today.

1hr, then Potential Res factors below
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Trader with an Edge.
  • #855,978
  • Mar 5, 2025 3:32am Mar 5, 2025 3:32am
Quoting MrFanciful
While I understand that the DXY is considered high. The GBPUSD monthly chart still looks bearish to me. If (I mean 'when') we go into a global recession and even a global currency collapse due to a loss in faith of the fiat currency system, I would still expect the dollar to soar due its status as the WRC and global commodities being priced in dollars. We are a long, long way off another currency replacing it. This could quite easily be a pullback on the monthly, with it turning either this month or April perhaps. I think when the 'shit hits the...

Hi. Re Mthly, We all see things differently. I would describe it more as a mini-range with a 1st false upside b/o and then finding support @ the range bottom, and bullish so far off that, but still in that mini-range. When you widen the view out, it's a wider-range over a longer period of time, with a false 2nd downside b/o to the Liz truss lo, (1st to 1410,) where it bounced back into that wider-range.

So far this mth, 62% of 6mth amr has been traveled by price.

Mthly below
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Trader with an Edge.
  • #855,979
  • Mar 5, 2025 4:14am Mar 5, 2025 4:14am
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  • #855,980
  • Mar 5, 2025 4:26am Mar 5, 2025 4:26am
If you had to name this bear, what name would you use.......ROFLMFAO
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