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Cable Update (GBPUSD)

  • #856,601
  • Mar 13, 2025 10:29am Mar 13, 2025 10:29am
Quoting BeeTogether
{quote} exactly. The crazy thing is last night I was taking a 10 pip hit and go short on GJ then over thought it oh well. already recouped 50% of the days loss on GJ short.

With GJ and UJ, I trade the channel.
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  • #856,602
  • Mar 13, 2025 10:46am Mar 13, 2025 10:46am
A huge reaction from 191 for GJ up by 35 in a flash
Insane in the Brain..
  • #856,603
  • Mar 13, 2025 10:47am Mar 13, 2025 10:47am
Quoting BeeTogether
A huge reaction from 191 for GJ up by 35 in a flash

Pair is still bearish. I'm watching the H4 SMA200
  • #856,604
  • Mar 13, 2025 11:05am Mar 13, 2025 11:05am
Quoting BeeTogether
A huge reaction from 191 for GJ up by 35 in a flash
H4 channel provides the structure, drilling down to the H1 chart, I look for the Harmonic. We had a 1.414 Cypher, then the last leg of that Harmonic became the first leg of another Cypher, that's the one I'm trading now.
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  • #856,605
  • Mar 13, 2025 11:06am Mar 13, 2025 11:06am
Quoting BeeTogether
{quote} it’s one of the stalemate situations. Green data and red data and then US shut down it’s all looking a bit middle ground for GU. The yen pairs however might be fun. Tempted to take the hit let the GJ drop towards 19080 area
makes sense. Yen pairs like to move nicely
  • #856,606
  • Mar 13, 2025 11:07am Mar 13, 2025 11:07am
Quoting Guy1969
{quote} H4 channel provides the structure, drilling down to the H1 chart, I look for the Harmonic. We had a 1.414 Cypher, then the last leg of that Harmonic became the first leg of another Cypher, that's the one I'm trading now. {image} {image}
is D the TP area?
Insane in the Brain..
  • #856,607
  • Mar 13, 2025 11:12am Mar 13, 2025 11:12am
Quoting BeeTogether
{quote} is D the TP area?
Yes, but since it's close to the H4 SMA200, I'll be taking profit there. Hopefully I was clear in my earlier post, but just in case, here's the Cyphers back2back.
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  • #856,608
  • Mar 13, 2025 11:36am Mar 13, 2025 11:36am
Does anyone know when this piece of shit will finally move somewhere?
  • #856,609
  • Mar 13, 2025 11:38am Mar 13, 2025 11:38am
Quoting Guy1969
{quote} Yes, but since it's close to the H4 SMA200, I'll be taking profit there. Hopefully I was clear in my earlier post, but just in case, here's the Cyphers back2back. {image}
cheers buddy! I used to use this graphic but stopped as I trade on my phone a lot. However it’s a very good tool!

I had daily S2 as my TP but as we have run out of steam may not get there today. Also as yen pairs have a habit of correcting later in the day break below 191 might be a tough one
Insane in the Brain..
  • #856,610
  • Mar 13, 2025 11:44am Mar 13, 2025 11:44am
Quoting Marbas
Does anyone know when this piece of shit will finally move somewhere?
GU? The pair is in a tight range zone. Will take something big to break it. It’s already moved a lot this week, now geopolitics and data are making the movements stalemate
Insane in the Brain..
  • #856,611
  • Mar 13, 2025 11:46am Mar 13, 2025 11:46am
GBPCAD, taking partial profits here for 50pips. One position still running.
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  • #856,612
  • Mar 13, 2025 12:01pm Mar 13, 2025 12:01pm
Quoting Marbas
Does anyone know when this piece of shit will finally move somewhere?
Check back in a month
  • #856,613
  • Mar 13, 2025 12:08pm Mar 13, 2025 12:08pm
This whole year will be bearish for Us dollar. Buy gbpusd, and just hold, it will be a good reward.
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  • #856,614
  • Mar 13, 2025 12:21pm Mar 13, 2025 12:21pm
GJ, SMA200 on the H4 chart, closing my last position here for 220pips.
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  • #856,615
  • Edited 1:02pm Mar 13, 2025 12:47pm | Edited 1:02pm
Quoting Guy1969
GJ, SMA200 on the H4 chart, closing my last position here for 220pips. {image}
that new TP area I really like ! Maybe over night was hoping to see 19040-50. Will keep an eye open through the night SL now at 19150 (Which might get hit sooner lol)
Insane in the Brain..
  • #856,616
  • Mar 13, 2025 1:29pm Mar 13, 2025 1:29pm
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  • #856,617
  • Mar 13, 2025 2:51pm Mar 13, 2025 2:51pm
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Buying both here, NOW .

  • #856,618
  • Edited 6:17pm Mar 13, 2025 4:13pm | Edited 6:17pm
SOMETHING TO PONDER IF YOU ARE LOSING OR BREAKING EVEN OR JUST FUCKINGBORED


1 ....... NEVER BE WILLING TO SELL A MARKET THATs UP ON THE DAY 2 ....... NEVER BE WILLING TO BUY A MARKET THATs DOWN ON THE DAY


SO lets say your go to currency is up or down 35pips when you log-in. Direction dont matter, its either gone up 35 or down 35

Question to yourself ????? mmmmm why thefuck am i trying to go the other way WHY !!!!???? why not go with the flow and use the 35pips as a stop or a few more

Now lets assume the ADR of said pair is 120pips its leaving you with a possible 85pips to capture, not too Shabby eh !! Hell, even 70pips is double your initial risk.

So now lets assume for the purposes of this review that we get TOTALLYFUCKED on the first 10 trades.... OMG = minus 350pips or $350

Now lets assume we only get the next 5 trades right ----- 5 x 85 = 425 or $425 so a net of $75 or if you only took the 70pips then its breakeven

Either way its not a bad result and any pair can turn at any time it dont have to keep going to its ADR. Obviously nothing works out like this over and over but it should give you something to consider if your bored taefuck
  • #856,619
  • Mar 13, 2025 5:20pm Mar 13, 2025 5:20pm
I am trading from buying the pair, but for this we need to wait for a correction to the levels of 1.2770-1.2830. There are no sales against the trend and there cannot be.
Critical level - 1.2521
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  • #856,620
  • Mar 13, 2025 6:52pm Mar 13, 2025 6:52pm
UJ, price is trapped, I'm looking for this trendline to guide price lower.
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