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Cable Update (GBPUSD)

  • #857,141
  • Mar 25, 2025 9:37am Mar 25, 2025 9:37am
Quoting Bones
{quote} Which conveniently takes you to target
on the contrary, inconveniently take me to Target after extended wait... I only need 1.3015/46 to hold for 1.2550 to happen.
Data + Stat + Risk/Emotions Management
  • #857,142
  • Mar 25, 2025 9:38am Mar 25, 2025 9:38am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #857,143
  • Mar 25, 2025 9:39am Mar 25, 2025 9:39am
I am beginning to regret not closing when I saw it hit the 9 and 22 EMAs that were crossing on the 2hr

It turned around the instant that I posted a screenshot showing I was short.
  • #857,144
  • Mar 25, 2025 9:45am Mar 25, 2025 9:45am
Quoting Georginson
{quote} on the contrary, inconveniently take me to Target after extended wait... I only need 1.3015/46 to hold for 1.2550 to happen.
big if, I see cable 1.32 over the next month
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #857,145
  • Mar 25, 2025 9:48am Mar 25, 2025 9:48am
you don't have the daily weekly or monthly
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #857,146
  • Mar 25, 2025 9:52am Mar 25, 2025 9:52am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #857,147
  • Mar 25, 2025 9:52am Mar 25, 2025 9:52am
GJ looks like it’s giving back gains to climb over 194 again. However the day isn’t open and. Muzzle can still be removed
Insane in the Brain..
  • #857,148
  • Mar 25, 2025 10:02am Mar 25, 2025 10:02am
FFS. When I have a small target, or I close early, price continues in my favour for miles. When I have a larger target, it reverses after a relatively short distance. If I use small targets, I end up entering more and losing my profits.

I understand the selling of dollars because of recession fears, but the UK has unofficially had recessionary conditions for years now. 770+ businesses have closed every single day for the last 9 months. Even at 104, I'd still prefer to hold dollars over pounds. WTF are you going to do with pounds?
  • #857,149
  • Mar 25, 2025 10:10am Mar 25, 2025 10:10am
Quoting MrFanciful
FFS. When I have a small target, or I close early, price continues in my favour for miles. When I have a larger target, it reverses after a relatively short distance. If I use small targets, I end up entering more and losing my profits. I understand the selling of dollars because of recession fears, but the UK has unofficially had recessionary conditions for years now. 770+ businesses have closed every single day for the last 9 months. Even at 104, I'd still prefer to hold dollars over pounds. WTF are you going to do with pounds?
Think that probably applies to every trader on here at some point or another, certainly me anyway. Price is more unpredictable than normal atm for some reason. Whipsaws going on every where.

It'll change for sure, like it always does and you'll be in again.
Don't you know that I'm loco ...
  • #857,150
  • Mar 25, 2025 10:12am Mar 25, 2025 10:12am
Quoting RedAllOver
{quote} Think that probably applies to every trader on here at some point or another, certainly me anyway. Price is more unpredictable than normal atm for some reason. Whipsaws going on every where. It'll change for sure, like it always does and you'll be in again.
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  • #857,151
  • Mar 25, 2025 10:18am Mar 25, 2025 10:18am
UK unemployment is going to sky rocket from next week as well. I have a friend who works at PWC, and she says the only department there that is now expanding is the one that deals with companies going into administration.

But then, the move in GU isn't people buying pounds, it's people selling dollars. As that selling lowers the dollar price, defacto everything measured against it goes up even if that other thing is worse.
  • #857,152
  • Mar 25, 2025 10:23am Mar 25, 2025 10:23am
Quoting RedAllOver
{quote} Think that probably applies to every trader on here at some point or another, certainly me anyway. Price is more unpredictable than normal atm for some reason. Whipsaws going on every where. It'll change for sure, like it always does and you'll be in again.
I consider myself a swing trader, but you are correct, current market conditions does not favor swing. So, until all of this changes, I target the extremes of the VAL and VAH. That said, what we are seeing at the moment are the type of price action that drains accounts.
  • #857,153
  • Mar 25, 2025 10:31am Mar 25, 2025 10:31am
Quoting MrFanciful
UK unemployment is going to sky rocket from next week as well. I have a friend who works at PWC, and she says the only department there that is now expanding is the one that deals with companies going into administration. But then, the move in GU isn't people buying pounds, it's people selling dollars. As that selling lowers the dollar price, defacto everything measured against it goes up even if that other thing is worse.
So, how I would read that is as follows, higher UK unemployment=forced lower rates. The US Economy has exactly the opposite problem, so the dollar will be king for a while longer.
  • #857,154
  • Edited 10:52am Mar 25, 2025 10:41am | Edited 10:52am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #857,155
  • Mar 25, 2025 10:47am Mar 25, 2025 10:47am
Quoting Guy1969
{quote} So, how I would read that is as follows, higher UK unemployment=forced lower rates. The US Economy has exactly the opposite problem, so the dollar will be king for a while longer.
"cleanest dirty shirt" and all that.
  • #857,156
  • Mar 25, 2025 11:08am Mar 25, 2025 11:08am
I love this indicator
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yes yes yes
  • #857,157
  • Edited 12:36pm Mar 25, 2025 11:09am | Edited 12:36pm
waiting a breaks at 2944/42 for only 2932 play! too ups and down !

bounce ur=sing the channel without correction to up , anyway pa remains the same , crying for correction !
anyway waiting for 2940 here and eurisd 0.0800 , may not able break today
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #857,158
  • Mar 25, 2025 11:09am Mar 25, 2025 11:09am
I love that the up move on the DXY that broke above the last swing high on the 15 min, didn't manifest on GU, but it's subsequent down move is. I fucking hate trading.
  • #857,159
  • Mar 25, 2025 11:44am Mar 25, 2025 11:44am
Quoting Bones
{quote} big if, I see cable 1.32 over the next month
The 1.32-1.33 for sure. That small pullback down got me fooled too, but I did profit on a small pullback selling, closed it added more buys 1.32-33 profit take here we go.
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  • #857,160
  • Mar 25, 2025 11:47am Mar 25, 2025 11:47am
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