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Cable Update (GBPUSD)

  • #856,201
  • Mar 7, 2025 1:53am Mar 7, 2025 1:53am
I expect a very good NFP figure today and this will give dollar an aggressive boost... Today may be the big turn around day. Gu will likely return to 1.2570 this same month. Fingers crossed.
Data + Stat + Risk/Emotions Management
  • #856,202
  • Mar 7, 2025 1:57am Mar 7, 2025 1:57am
Squeezy mf
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yes yes yes
  • #856,203
  • Mar 7, 2025 2:01am Mar 7, 2025 2:01am
Quoting Guy1969
{quote} Once the crosses are on a trajectory, they won't stop until they hit ADR, and more often than not they overextend.
Ah I see. What ADR settings do you use typically. I usually use 20 day ADR
  • #856,204
  • Mar 7, 2025 2:08am Mar 7, 2025 2:08am
Quoting sharingan9
{quote} Ah I see. What ADR settings do you use typically. I usually use 20 day ADR
14
  • #856,205
  • Mar 7, 2025 2:37am Mar 7, 2025 2:37am
ֹttook short
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yes yes yes
  • #856,206
  • Mar 7, 2025 2:37am Mar 7, 2025 2:37am
New weekly high on a Friday and NFP day with zero bearish daily candles and on 2 bearish 8 hour candles all week. Come on guys enter a buy position.
  • #856,207
  • Mar 7, 2025 2:42am Mar 7, 2025 2:42am
Quoting MrFanciful
New weekly high on a Friday and NFP day with zero bearish daily candles and on 2 bearish 8 hour candles all week. Come on guys enter a buy position.
You are encouraging people to buy at a high...
✓Current month has no lower shadow
✓Current week already 350 pips range
✓Daily RSI already reading 71.5
✓Quarter range already 828 pips...

The above parameters show a swing sell (not suitable for scalping)

The trend ending is not your friend.
Data + Stat + Risk/Emotions Management
  • #856,208
  • Mar 7, 2025 2:50am Mar 7, 2025 2:50am
Quoting Jackoboms
{quote} You are not sure about shorting anymore
Hit BE. New days with a new narrative. Today's movement already created a new high. Yesterday's high becomes the previous high/old high. Need another confirmation for today's probabilities. Waiting is painful
Look right, we'll see the signs
  • #856,209
  • Mar 7, 2025 3:03am Mar 7, 2025 3:03am
Surprisingly EU has had higher ADR yesterday and today so far. I'm not a fan of buying highs or selling lows. This rise might mean that people know that the Russo-Ukraine war is certain to end. I also keep hearing of a possible dollar crash or dump.

I will stay away. If I buy I'm certain it will drop 200 pips. If I sell I'm also certain it will rise another 200.

Stay away I will
  • #856,210
  • Mar 7, 2025 3:03am Mar 7, 2025 3:03am
Cable long run finished, time for a break
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  • #856,211
  • Mar 7, 2025 3:15am Mar 7, 2025 3:15am
GBPUSD
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https://x.com/moneyprinte
  • #856,212
  • Mar 7, 2025 3:31am Mar 7, 2025 3:31am
After all ups and downs I believe price is headed for 100% at 3431.
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  • #856,213
  • Mar 7, 2025 3:35am Mar 7, 2025 3:35am
The Question is . . . . does it end here or @ 1.30 50 . . . .???

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  • #856,214
  • Mar 7, 2025 3:40am Mar 7, 2025 3:40am
Quoting MoneyPrinte
GBP.... Forecasts indicate potential turning points, but there is no absolute accuracy. Instead of relying on specific dates, it's better to use weekly markers (1st week, 2nd week, etc.) for planning ahead. The final step is to wait for that week to arrive and execute accordingly. But of course, anything can happen, and there are no guarantees at all. Planning ahead doesn’t mean predicting the future—it means preparing for it. A trader without a plan is like a sailor without a compass. A turning point doesn’t necessarily mean price will break the...

It's all about probabilities—nothing's guaranteed
The trade can be wrong, so risk must be keyed
Stay patient, adapt, and follow the play
For the market will move its own way
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  • #856,215
  • Edited 4:54am Mar 7, 2025 3:44am | Edited 4:54am
G/M, y/day's < 30day adr dly candle may have given the longer-term bears nursing under-water positions some hope but it was short lived as price tested the prev 1hr/4hr sw lo zone = prev supp = pot supp @ the asian lo and it's been up since then with a 1st upside b/o of asian hi and then y/day hi to a new current wkly/mthly/yrly hi.

There is a prev minor 1hr sw lo zone = pot sbr from way back in Nov'24 running 2935-55 with Dly R2 in it, above current price.

EDIT: corrected typo and grammar.

1hr, then Pot Res factors to upside below
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Trader with an Edge.
  • #856,216
  • Mar 7, 2025 3:46am Mar 7, 2025 3:46am
A candlestick that has no upper shadow is known as a shaven head candlestick, which indicates that bearish pressure is dominant in the market.
On the other hand, a candlestick that has no lower shadow is referred to as a shaven bottom suggesting that buyers are in control.
  • #856,217
  • Mar 7, 2025 3:54am Mar 7, 2025 3:54am
GJ grappling between weak dollar and strong pound as it resists a move above 191. We may have seen the weeks highs already however nothing to say we won’t finish the week near 192 or on the flip 189
Insane in the Brain..
  • #856,218
  • Mar 7, 2025 4:02am Mar 7, 2025 4:02am
...gmt+2 price feed 4hr candle just closed as a bullish thrust (ish) candle. The next prev sw zone to the upside on this t/f is the prev 4hr sw hi zone = pot res that runs from circa 2992 - 3009. 171% of 13wk awr traveled so far this week.

U.s Nfp etc later - anything can happen.

4hr below
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Trader with an Edge.
  • #856,219
  • Mar 7, 2025 4:03am Mar 7, 2025 4:03am
So 1.3 in sight
  • #856,220
  • Mar 7, 2025 4:09am Mar 7, 2025 4:09am
GBPAUD second position hit TP for 190pips. Took a small loss on Gold, closed GU early at B/E. There's something off about corrrelation atm, when GBPAUD runs for 190pips, AUDUSD is ussualy down at least 50-60pips, sometimes more, today only 30pips. Also, USDCAD and GU are 90% negatively correlated, both are running positive today, I'll be keeping an eye on this into next week.
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