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Cable Update (GBPUSD)

  • #862,201
  • Jul 1, 2025 6:15am Jul 1, 2025 6:15am
Quoting Waveskierrob
{quote} Oh dear, oh dear oh dear oh dear, hope nobody followed this advice, so ChiForex how are your positions ?
ChiForex might have been good in the past, but I noticed people don't know when the market has shifted or changed dynamics.
  • #862,202
  • Jul 1, 2025 6:18am Jul 1, 2025 6:18am
Quoting ninner
{quote} Trumpdoes have a valid point.
Yes, he does have a valid point, but I don't agree with the way he does it. The broader market are now questioning the FED's independence, and that's a slippery slope.
  • #862,203
  • Jul 1, 2025 6:34am Jul 1, 2025 6:34am
Ok , waiting
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #862,204
  • Jul 1, 2025 6:36am Jul 1, 2025 6:36am
Quoting Mitiblotch
{quote} ChiForex might have been good in the past, but I noticed people don't know when the market has shifted or changed dynamics.
I think it's dangerous for newcomers, that people think that they know where the market is going, if ChiForex had been right we wouldn't have heard the end of it but as he's been wrong a few times now he'll lay low for a couple of months then come back with more predictions, always makes me think what he motive is ....
  • #862,205
  • Jul 1, 2025 7:07am Jul 1, 2025 7:07am
Quoting voeltoez
Short just for fun {image}
Closed all before earthquake
  • #862,206
  • Jul 1, 2025 7:22am Jul 1, 2025 7:22am
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My SL @ 1.37 60 was activated....FLAT now.........

  • #862,207
  • Jul 1, 2025 7:24am Jul 1, 2025 7:24am
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Trade what you see
  • #862,208
  • Edited 8:14am Jul 1, 2025 8:01am | Edited 8:14am
Combined Buy & Sell Scenario Based on Fibonacci + POC + Price Action
Market Analysis:
Following an initial bullish trend, the market enters a corrective phase where price retraces to the key 50% Fibonacci level. Interestingly, this level coincides with the Point of Control (POC) from the Volume Profile—indicating a zone of maximum previous market activity and a potential pivot point of balance between buyers and sellers.
Buy Scenario (Long Position): If price reacts positively within the confluence of the 50% Fibonacci level and the POC—especially through a reversal candlestick pattern like a Pin Bar or Bullish Engulfing—this zone becomes a compelling area to initiate a long trade. Entry: Near the confluence zone Stop Loss: Below the most recent low or under the high-volume congestion Target: 61.8%, 78.6%, or higher Fibonacci extension levels based on market momentum
Sell Scenario (Short Position): If the confluence zone is broken decisively with a strong bearish candle and high volume, it may signal selling pressure dominance. In this case, a short position could be initiated. Entry: On retest (pullback) to the broken POC/Fibo zone Stop Loss: Above the breakout structure Target: Lower Fibonacci retracement zones or the lower edge of the Value Area
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  • #862,209
  • Jul 1, 2025 8:28am Jul 1, 2025 8:28am
Lets get some good movement with these news releases
  • #862,210
  • Edited 10:14am Jul 1, 2025 8:28am | Edited 10:14am
Well done , breaking first confirmation 3732
As nothing to loose , better wait for all low targets !! And more if
Next confirmation as before 3724 may react and bounce resistance 3749
3716 sr tried but failing and next 3707/00
Round number 3700 may give some support , so carefull
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #862,211
  • Jul 1, 2025 8:33am Jul 1, 2025 8:33am
Quoting Yngwie
Sold 1.3786 SL 1.3816
I love your passion for taken risk. Ohhh! nice move in your favour but I can never try it. I am a slow reactive trader ...

I took profit on Buy at 3755. Dangerous liquidity from MM.... Lost few pips back... No signal for me to Sell until the crash.

Have to wait to start searching for new trade as usual.
Market Structure is the King.....
  • #862,212
  • Jul 1, 2025 8:37am Jul 1, 2025 8:37am
Quoting Yngwie
Sold 1.3786 SL 1.3816
closed 55p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #862,213
  • Jul 1, 2025 8:41am Jul 1, 2025 8:41am
Quoting Waveskierrob
{quote} I think it's dangerous for newcomers, that people think that they know where the market is going, if ChiForex had been right we wouldn't have heard the end of it but as he's been wrong a few times now he'll lay low for a couple of months then come back with more predictions, always makes me think what he motive is ....
The problem is not about where market is going.

Where market is going is always obvious on the chart and it will mostly get there on 1 single condition.... That the MM will actually push price to where a trader think it will go.

The problem is whether a trader forecast would be validated by MM sentiment.

Better for trader to just accept that every forecast is under probability and scale into a trade earlier with nice edge.
Market Structure is the King.....
  • #862,214
  • Jul 1, 2025 8:45am Jul 1, 2025 8:45am
Quoting Abeylyn
{quote} The problem is not about where market is going. Where market is going is always obvious on the chart and it will mostly get there on 1 single condition.... That the MM will actually push price to where a trader think it will go. The problem is whether a trader forecast would be validated by MM sentiment. Better for trader to just accept that every forecast is under probability and scale into a trade earlier with nice edge.
..... the motive behind any trader's analysis should ideally be transparency and shared learning, not ego or hype!!!!
Keep the Lights on then you can catch the rise from the dark.
  • #862,215
  • Jul 1, 2025 9:07am Jul 1, 2025 9:07am
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  • #862,216
  • Jul 1, 2025 10:00am Jul 1, 2025 10:00am
Breaking & basing below 1.3690s and we're going to 1.3440s, while the € have an initial retrace to 1.1700s, break & basing below takes it toward 1.1440s, for this month both pairs...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #862,217
  • Jul 1, 2025 10:00am Jul 1, 2025 10:00am
Quoting ricmaj
{quote} ..... the motive behind any trader's analysis should ideally be transparency and shared learning, not ego or hype!!!!
Hnnnnn!

True talk.
Market Structure is the King.....
  • #862,218
  • Jul 1, 2025 10:06am Jul 1, 2025 10:06am
Hilariously those ECB clowns pumping the € just to say to Trump that his tariffs of 10% wouldn't affect them. What if he increases it to 50 or 100%, for how long can the ECB manipulate their currency more Unfortunately for them, they'll always have to print more money as without Germany and France economies, the EU and its currency is a big failure!!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #862,219
  • Jul 1, 2025 10:24am Jul 1, 2025 10:24am
Quoting voeltoez
H4 upper bands seems reject it, maybe test 3730 before test high again, or drop to 3700
As predicted..now IM long tp 3850
  • #862,220
  • Jul 1, 2025 10:30am Jul 1, 2025 10:30am
Quoting ricmaj
{quote} ..... the motive behind any trader's analysis should ideally be transparency and shared learning, not ego or hype!!!!
Looking at possibility of low forming around 1.3683/1.3708. This is a zone where reaction occur B4 price move to 1.3787.

As a trend trader, I will still be looking at possibility of Buying since the Daily and 4 hour trend is still up and would be contending with Sellers Strength.

If the low can hold then i will start looking for possibility of trend continuity.... Not in any trade for now.

What are your own thoughts ?
Market Structure is the King.....
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