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Cable Update (GBPUSD)

  • #865,641
  • Sep 12, 2025 3:28am Sep 12, 2025 3:28am
Quoting MrFanciful
Falling Knife Friday again?
That's why i deleted my buy order above. It's still a buy but from any comfortable lower point.
  • #865,642
  • Sep 12, 2025 3:29am Sep 12, 2025 3:29am
Ok...Wish me luck. Re-entered and targeting the 100% measured move on the 4HR, which sits at the bottom of a resistance zone.
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  • #865,643
  • Sep 12, 2025 3:32am Sep 12, 2025 3:32am
Quoting Mitiblotch
{quote} That's why i deleted my buy order above. It's still a buy but from any comfortable lower point.
I should have closed as well. Would have been a decent profit but hindsight is nothing but "I should have". I was also looking at the big down move on the DXY and thinking that it was going to have a retracement into it. Should have listened to myself.
  • #865,644
  • Sep 12, 2025 3:46am Sep 12, 2025 3:46am
Come on h&s
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yes yes yes
  • #865,645
  • Sep 12, 2025 3:46am Sep 12, 2025 3:46am
Well looks like Labour UK going to stop the 25% tax free one lump sum out of your pensions, already been a 67% increase on lumps sums being taken out, looks like there's going to be a run on the UK pensions...taking mind out now..., don't know if this will effect the £pound just something to be aware of...
  • #865,646
  • Sep 12, 2025 3:49am Sep 12, 2025 3:49am
Quoting Waveskierrob
Well looks like Labour UK going to stop the 25% tax free one lump sum out of your pensions, already been a 67% increase on lumps sums being taken out, looks like there's going to be a run on the UK pensions...taking mind out now..., don't know if this will effect the £pound just something to be aware of...
...and the way GOLD is going I may invest long term...in that...
  • #865,647
  • Sep 12, 2025 3:52am Sep 12, 2025 3:52am
Quoting Waveskierrob
{quote} ...and the way GOLD is going I may invest long term...in that...
Already did 3 years ago.
  • #865,648
  • Sep 12, 2025 3:53am Sep 12, 2025 3:53am
Why does everyone seemingly have a wank over the dollar on a Friday?
  • #865,649
  • Sep 12, 2025 4:06am Sep 12, 2025 4:06am
Quoting MrFanciful
Why does everyone seemingly have a wank over the dollar on a Friday?
...if you think that use it to your advantage...
  • #865,650
  • Sep 12, 2025 4:06am Sep 12, 2025 4:06am
was a bit late in sharing the link here
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  • #865,651
  • Sep 12, 2025 4:12am Sep 12, 2025 4:12am
Quoting Waveskierrob
{quote} ...if you think that use it to your advantage...
Hahaha
Wonder if Python can find a correlation.
  • #865,652
  • Sep 12, 2025 4:16am Sep 12, 2025 4:16am
Just wondering why USD is so resilent after all the data this week...
  • #865,653
  • Sep 12, 2025 4:29am Sep 12, 2025 4:29am
There is a perfect break of structure on 1min looking for a nice buy for 20 pips
  • #865,654
  • Sep 12, 2025 4:40am Sep 12, 2025 4:40am
G/M. Bullish > 30day adr dly candle y/day. The prev 1hr/4hrsw hi zone = prev res = pot res that formed as a result of Tuesday's challenge on the potentially more important prev 1hr/4hr/dly/v.minor wkly sw hi zone = prev res = pot res that leads up to LMH of 3595, was challenged @ YH and met supply, and has met supply again there @ AH/CDH, resulting in a sell-off so far today, making intraday bearish so far. Price is presently south of the 50% of the YL-YH move up. 1hr is a bit rangy now? 2nd downside b/o of today's AL to the CDL remains true so far.

1hr below
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Trader with an Edge.
  • #865,655
  • Sep 12, 2025 4:43am Sep 12, 2025 4:43am
... 4 x failed upside b/o's of LWH now this week so far. The 3482 CWL was created on Monday, and the 3590 CWH on Tuesday, and price has remained inbetween those ever since. Price is presently above the current Mthly Pivot and above this week's Wkly Pivot, but below today's Dly Pivot. 4hr could still be in a general uptrend, or it could just still be more longer-term rangy?

50% only of 13wk awr traveled so far, on this last trading day of the trading week.

4hr below
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Trader with an Edge.
  • #865,656
  • Sep 12, 2025 5:10am Sep 12, 2025 5:10am
Quoting Marbas
Just wondering why USD is so resilent after all the data this week...
We're at the bottom of a 17 year channel. Expect a lot of support. Notice that every time it's hit the trend line, it's consolidated for weeks and even months. Given the economic data, the debt and the bond yields, I'm not expecting it to hold but I could be wrong and if it does break, no one knows when.

Todays US news could be the catalyst, or it might wait until the FOMC meeting on Wednesday, or some black swan that no one foresees.
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  • #865,657
  • Sep 12, 2025 5:11am Sep 12, 2025 5:11am
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yes yes yes
  • #865,658
  • Sep 12, 2025 5:35am Sep 12, 2025 5:35am
Quoting Waveskierrob
Well looks like Labour UK going to stop the 25% tax free one lump sum out of your pensions, already been a 67% increase on lumps sums being taken out, looks like there's going to be a run on the UK pensions...taking mind out now..., don't know if this will effect the £pound just something to be aware of...
Just opted out of my NHS pensions yesterday. I'll take the money and put it somewhere else. I'll reconsider rejoining in the future.
  • #865,659
  • Edited 5:51am Sep 12, 2025 5:41am | Edited 5:51am
...3595 LMH and above probably remains the initial target (s) for the longer-term bulls holding a position (s,) - the Right Neck Line of what one @ least here considers to be an inverted H&S pattern on the dly t/f. I suppose it kind of still is, of sorts, although not a'text-book' example. Even the 1st Right Shoulder @ 3590 didn't make the 'perfect' pattern of it's type. cause it wasn't below the Left Shoulder, which is @ 3365.

Dly below
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Trader with an Edge.
  • #865,660
  • Sep 12, 2025 6:00am Sep 12, 2025 6:00am
Break out looms... Careful guys!
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