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Cable Update (GBPUSD)

  • #860,201
  • May 22, 2025 4:55am May 22, 2025 4:55am
Sold 1.3403 SL 1.3410
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #860,202
  • Edited 5:46am May 22, 2025 4:59am | Edited 5:46am
Back to see if bounce has started timely , yes , watching signal 3410 and next breaks and for 3420/30 test , rangy or engulfing the total flight of fear at confirmation 3440!
Checking usdx , bouncing at an intermediate tl but not corrected any enough yet , so likely fail to continue correct further !
So in smaller tf 99.65 may correspond 3410 , 99.45 sr to 3440 ,but may breaks below 99.45 as extension 4 then 3467 possible
Anyway usdx correction target 99.84,+ to remember
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #860,203
  • May 22, 2025 5:02am May 22, 2025 5:02am
This is either going to be a failed retest above 1.34, or failed retest below it.
  • #860,204
  • May 22, 2025 5:05am May 22, 2025 5:05am
G/M. 3rd consecutive bullish-bodied dly candle y/day, (< 30day adr,) this a hammer candle? Today so far 1hr in rangy mode with a move downaftyer a test and rejection of the asian/current dly hi, price then testing the prev 1hr/minor 4hr sw lo zone = pot supp that is the p/back lo off y/day's 3464 hi, (a new current mthly/yrly hi.) A bounce up from there and a current rejection @ the prev 1hr/minor 4hr sw lo zone = pot sbr that is around the Asian lo.

3 x 1hr tests and rejection -and- 2 x 4hr tests and rejection of the 4hr part of the prev 1hr/4hr sw hi zone = prev res = pot res that extends up to said 3464 current wkly/mthly/yrly and y/day hi now. This 3464 hi could become a fractal swing on the dly t/f too depending on today's dly candle. We'll see, - if it does it will be a H on that t/f after the LH @ 3360 and HL @ 3250, in it's general uptrend.

2 x LH's and what will be a L when it forms fractally, on 4hr now.

4hr below
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Trader with an Edge.
  • #860,205
  • May 22, 2025 5:11am May 22, 2025 5:11am
...Y/day's 3376 lo looks vulnerable to a downside b/o now? It's in pot rbs zones on 4hr that extend down to circa 3371. Fibs and Dly S1 ithem too.

1hr below
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Trader with an Edge.
  • #860,206
  • May 22, 2025 5:24am May 22, 2025 5:24am
Current view of Cable
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Look ahead, Macro=Direction, Levels &amp; Structure = Entry
  • #860,207
  • May 22, 2025 5:30am May 22, 2025 5:30am
It's funny how my eyes pick up shapes these days, even hidden ones.

Image 1: GU daily: See candles in the grey shaded ellipse. Price bounced down cleared cleared out weak buyers and flew up.
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Image 2: Gold 4hr: See candles in grey shaded ellipse. I can forecast that it might repeat the same thing on GU chart ij image 1. Bounced down, clear out weak buyers and then fly back up to smash 3350 and above.
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  • #860,208
  • May 22, 2025 5:47am May 22, 2025 5:47am
Today = $ 64

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #860,209
  • May 22, 2025 5:48am May 22, 2025 5:48am
Quoting Mitiblotch
It's funny how my eyes pick up shapes these days, even hidden ones. Image 1: GU daily: See candles in the grey shaded ellipse. Price bounced down cleared cleared out weak buyers and flew up.{image} Image 2: Gold 4hr: See candles in grey shaded ellipse. I can forecast that it might repeat the same thing on GU chart ij image 1. Bounced down, clear out weak buyers and then fly back up to smash 3350 and above. {image}
Hi, yeh, repeating technical patterns can reflect repeating patterns of actual market behaviour. The trick now to determine a representative sample size and see how many times it repeats over that sample (for me on the same instrument and on the same t/f,) an identifiable entry trigger, and exit @ whatever R:R, and whether an edge is actually present using this appropriate risk/reward and trade management, optimised to the sample. If it is - practice, practice, practice, until the right trading psychology is developed to trade that edge and Risk/Reward/Trade management required to optimise it. Learn too the stats you will need to know about the edge so that you know it is performing within acceptable bounds, separate to your trading of it (which might not always obey it's rules/conditions.) Do all this and you got a ball game.

You should also optimise the music you listen to when trading. I recommend some Thai milfs with a camp middle aged man in cuban heels, and NHS specs that look like re-entry shields!!

Can't Take My Eyes Off Of You - Boys Town Gang remix (edited) | 32ct 1Wall Line Dance | Zaldy Lanas
Trader with an Edge.
  • #860,210
  • May 22, 2025 6:08am May 22, 2025 6:08am
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yes yes yes
  • #860,211
  • May 22, 2025 6:13am May 22, 2025 6:13am
Quoting Mitiblotch
It's funny how my eyes pick up shapes these days, even hidden ones. Image 1: GU daily: See candles in the grey shaded ellipse. Price bounced down cleared cleared out weak buyers and flew up.{image} Image 2: Gold 4hr: See candles in grey shaded ellipse. I can forecast that it might repeat the same thing on GU chart ij image 1. Bounced down, clear out weak buyers and then fly back up to smash 3350 and above. {image}
long term there is no doubt where we are going, the problem is the short term entry
I am buying right here
I only follow traders with IQ above 160
  • #860,212
  • May 22, 2025 6:25am May 22, 2025 6:25am
Quoting Bflyfx
{quote} long term there is no doubt where we are going, the problem is the short term entry I am buying right here
Hi. In thinking there is no doubt about '....where we are headed....' you have earned your place @ the home for the terminally deluded! Lol! 100% certainty does not exist in trading.
------------------------------------------------------

...so price finds better demand on the 2nd drop down to the prev 1hr/minor 4hr sw lo zone = pot supp- this a 2nd 15min (so far) test today of a prev 4hr sw hi zone = prev rbs. Challenging 50% of the drop right now. 1st 1hr downside b/o of asian lo was therefore false. Price remains inside y/day's dly candle.

1hr below
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Trader with an Edge.
  • #860,213
  • May 22, 2025 6:38am May 22, 2025 6:38am
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yes yes yes
  • #860,214
  • May 22, 2025 7:07am May 22, 2025 7:07am
Quoting Headland
{quote} Hi. In thinking there is no doubt about '....where we are headed....' you have earned your place @ the home for the terminally deluded! Lol! 100% certainty does not exist in trading. ------------------------------------------------------ ...so price finds better demand on the 2nd drop down to the prev 1hr/minor 4hr sw lo zone = pot supp- this a 2nd 15min (so far) test today of a prev 4hr sw hi zone = prev rbs. Challenging 50% of the drop right now. 1st 1hr downside b/o of asian lo was therefore false. Price remains inside y/day's dly candle....
maybe in your little world you never know what the market is doing. I DON T HAVE THE SAME PROBLEM DUDE!
I TRADE CONFIDENTLY AND WITH A LOT OF SUCCESS THANK YOU
I only follow traders with IQ above 160
  • #860,215
  • May 22, 2025 7:37am May 22, 2025 7:37am
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yes yes yes
  • #860,216
  • May 22, 2025 7:39am May 22, 2025 7:39am
Quoting Bflyfx
adding gold and buying eu and gu confidently!!
Just seeing your message.

What price are you buying GU, Stop and Takeprofit ? This will enable me to learn from you.

Thanks Big friend.
Market Structure is the King.....
  • #860,217
  • May 22, 2025 7:42am May 22, 2025 7:42am
Quoting Abeylyn
{quote} Just seeing your message. What price are you buying GU, Stop and Takeprofit ? This will enable me to learn from you. Thanks Big friend.

i wouldn't take him seriously because he approaches the matter with so little humility.
trading is like dancing, don't think and just listen to the music!
  • #860,218
  • May 22, 2025 7:44am May 22, 2025 7:44am
So was that a pullback to 1.3426 before a move lower, or is this a pullback before a move higher? DXY could be heading back to 100, but no rule states it has to. It might have had its swing high and the dollar sellers may be re-entering.
  • #860,219
  • May 22, 2025 7:58am May 22, 2025 7:58am
US data was green which may help the UJ/GJ pairs go up to opening areas and maybe in the green. US data later may halt the move up though
Insane in the Brain..
  • #860,220
  • May 22, 2025 8:11am May 22, 2025 8:11am
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yes yes yes
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