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Cable Update (GBPUSD)

  • #870,921
  • Jan 8, 2026 5:58am Jan 8, 2026 5:58am
Quoting Bflyfx
Buy eu and gu sell Gold and silver wait to sell btc
I only follow traders with IQ above 160
Challenge Tour All Time Return: 516.5%
  • #870,922
  • Jan 8, 2026 6:11am Jan 8, 2026 6:11am
Quoting Waveskierrob
{quote} ...your post, a little " crawly bum lick", but not annoying...{image}
Well said!
  • #870,923
  • Jan 8, 2026 6:16am Jan 8, 2026 6:16am
The overall structure of the downtrend is likely to look like this.
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  • #870,924
  • Jan 8, 2026 6:19am Jan 8, 2026 6:19am
Quoting W0lfram
{quote} Almost 2 trading weeks later follow-up on this {image}
Meanwhile, if this guy can get past 1.341, probably (~70%) will head towards ~1.325-1.32
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Air force
  • #870,925
  • Jan 8, 2026 6:19am Jan 8, 2026 6:19am
we are in a very strong buy zone
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trading is like dancing, don't think and just listen to the music!
  • #870,926
  • Jan 8, 2026 6:39am Jan 8, 2026 6:39am
Watching for test 3400 ! Care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #870,927
  • Jan 8, 2026 7:07am Jan 8, 2026 7:07am
Quoting tradelogic
{quote} Well said!
Thanks...
  • #870,928
  • Jan 8, 2026 8:04am Jan 8, 2026 8:04am
Well, we know where the DXY wants to go.
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  • #870,929
  • Jan 8, 2026 8:19am Jan 8, 2026 8:19am
DXY will guide my long entries. Out of all shorts now. Here's the H1, I'm comfortable to start scaling longs from 1.3390.
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  • #870,930
  • Jan 8, 2026 8:51am Jan 8, 2026 8:51am
Quoting Zebi
{quote} i meant to put the line there in my last chart post thats roughly 150pips higher which may happen on fridays NFP number {image}

doesnt look like price will hit my target on NFP numbers tmoro in the post i made monday

im still holding GU longs from december 1st and got FXB in retirement accounts since humpty took office

but ill be closing everything as soon as price hits my target at 3700 because starmer helping humpty in piracy of other sovereign countries ships doesnt bode well for the currency...i cant believe starmer such an imbecile to side against putin with a guy who'll betray england in a second

what usa did stealing russian ships will escalate the war in europe and makes britain a target for russian reprisals so im gettin out of trading the pound by the end of the month whether my 3700 target gets hit or not
short trump and go long the deepstate
  • #870,931
  • Jan 8, 2026 9:10am Jan 8, 2026 9:10am
Quoting Guy1969
Well, we know where the DXY wants to go. {image}
Where do see it heading to?
  • #870,932
  • Jan 8, 2026 9:17am Jan 8, 2026 9:17am
Quoting Headland
...bulls trying to buy the dip @ 5min rbs -against- the sell the rally longer-term players @ 1hr sbr. Who will win? 5min below {image}
Headland,

A pullback into these levels could offer buyers a relative discount, while longer-term support remains tied to easing UK fiscal risks and upcoming GDP and labor data.
For now, GBP is being driven more by USD moves than UK-specific data.

I saw few already start building up LONG position.

I wait for a while, may be pre NFP will give a clearer picture, what im going to do with few remaining SHORT position held.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #870,933
  • Jan 8, 2026 9:18am Jan 8, 2026 9:18am
Quoting tradelogic
{quote} Where do see it heading to?
99.00
  • #870,934
  • Jan 8, 2026 10:07am Jan 8, 2026 10:07am
Quoting Guy1969
{quote} 99.00
Perfect, let us see.
  • #870,935
  • Jan 8, 2026 11:23am Jan 8, 2026 11:23am
Bias LONG GU, let's hope and pray...
  • #870,936
  • Jan 8, 2026 12:31pm Jan 8, 2026 12:31pm
Quoting Pat Chiko
{quote} CABLE The dollar isn't moving much right now. Waiting for important U.S. jobs data coming out on Friday. Jobs report yesterday was weaker than expected, but the market didn't really react—every scalpers focused on Friday's bigger report. Another issue that could weaken the dollar later. The U.S. might have to pay back more than $133 billion in past taxes on imports if the Supreme Court rules a certain way. This is a potential prinitng more dollar's. {image}
CABLE

POC
Price, Not a Point in Time:
The POC is a specific price level, not a point in time on the chart. It's the "fairest price" agreed upon by buyers and sellers for that session or period, where the most contracts/shares changed hands.

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #870,937
  • Jan 8, 2026 12:33pm Jan 8, 2026 12:33pm
Quoting Pat Chiko
{quote} CABLE POC Price, Not a Point in Time: The POC is a specific price level, not a point in time on the chart. It's the "fairest price" agreed upon by buyers and sellers for that session or period, where the most contracts/shares changed hands. {image}
POC
continue

Support and Resistance:
The POC often acts as a strong magnet and a key level.

In a balanced or ranging market, price will often oscillate around the POC.
If price is above the POC, the POC can become support.
If price is below the POC, the POC can become resistance.

Breakout Significance:
A sustained move away from the POC (especially on high volume) indicates a rejection of that value area and a potential trend.
A break above the POC with acceptance (price holding above) signals strong buying interest.
A break below the POC with acceptance signals strong selling interest.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #870,938
  • Jan 8, 2026 1:09pm Jan 8, 2026 1:09pm
Quoting Pat Chiko
{quote} CABLE retest the unmitigated BO zone ? Maybe...... {image}
Looks like someone was bang on the money...
  • #870,939
  • Jan 8, 2026 1:12pm Jan 8, 2026 1:12pm
Quoting Wavegarrick
{quote} Previous buy trade moved to breakeven and some. New buy trade at 1.35107. Trade safe. {image}
...any chance of an updated chart please Leon, I want to learn from you...
  • #870,940
  • Edited 2:14pm Jan 8, 2026 1:56pm | Edited 2:14pm
For those of you that do not understand market profile; It is simply a fancy term using daily, weekly pivots with support resistance and so forth with the pivot point being the magnet and renamed to point of control with daily/weekly support/resistance being the entry point. These work extremely well in ranging markets but fail horribly in trending markets, By the way, we do not buy or sell at the point of control or daily pivot, we only buy or sell at extremes in ranging markets and use pivots for reentry points in trending markets.
Do not be fooled,
Cheers
Trade to trade another day
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