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Alorente replied Dec 6, 2024Beautiful H4 Wedge for DXY. Break the top wall and back to 108 in a hurry. King Dollar will be back soon...
Cable Update (GBPUSD)
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Alorente replied Dec 6, 2024HalBot, why do you give this woke communist activist any credibility? He doesn´t deserve your reply... They are the reason the world is in such a mess. Plus, this is a Forex site not a Trans rally. He should take his propaganda somewhere else or ...
Cable Update (GBPUSD)
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Alorente replied Dec 5, 2024Monthly Pivot hit at 1.2755. You are allowed to drop now...
Cable Update (GBPUSD)
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Alorente replied Dec 5, 2024Price touched the D1 descending trend line to the pip before dropping again. That white trend line should be a tough nut to crack.
Cable Update (GBPUSD)
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Alorente replied Dec 5, 20241.2755 is the Monthly Pivot, which should be touched during December. Whether it does so now or after the drop is the question.
Cable Update (GBPUSD)
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Alorente replied Nov 27, 2024I follow a similar strategy to yours and rely a lot on Fibs and S/R levels. I am long Gold for the a to b correction as you are. I have a TP of 2665 based on the confluence of two 50% levels and the weekly pivot level. I was curious why you believe ...
Price Action Trading (PAT) - Amplifying Market Insights
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Alorente replied Nov 27, 2024Hi Pat. I have noticed that you trade Gold often based on the 38% and the 61.8% Fib levels. Is it mostly with Gold or do you rely as much on these levels for other pairs? I would appreciate as detailed an answer as you can spare. I have been ...
Price Action Trading (PAT) - Amplifying Market Insights
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Alorente replied Nov 20, 2024"...once this swing completes i will short again after the next correction." How do you know when the swing completes?
Cable Update (GBPUSD)
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Alorente replied Nov 15, 2024Hi Miti. In that same post you mentioned that after taking out the low, GU would reverse and reach up to 1.3200, but you forgot to say in what year ... ?
Cable Update (GBPUSD)
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Alorente replied Nov 8, 2024I expect GU to test the white line on the Weekly chart around the 1.27 level in the next few weeks. The small green line is the 61.8 Fib retracement of the last move up. Ultimately, the white line may also break down for a move to 1.20 or lower.
Cable Update (GBPUSD)
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Alorente replied Nov 8, 2024Expanding formations are continuation patterns, so at some point this one should break to the downside. It may move to test the upper wall before breaking down but that is not necessary.
Cable Update (GBPUSD)
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Alorente replied Nov 7, 2024“Never argue with stupid people, they will drag you down to their level and then beat you with experience" Mark Twain
Cable Update (GBPUSD)
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Alorente commented Oct 22, 2024You can´t make parasites work. The whole thing has to fail and get restarted again at some point, or even better, just forget the idea and let individual countries compete for markets and establish their own rules.
German Chancellor Scholz: EU got carried away with regulation, most bureaucratic requirements...
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Alorente replied Oct 1, 2024I closed all trades at the Pivot, 1.3272. Now, unless World War 3 begins, I expect a bounce of maybe 50 to 60 pips.
Cable Update (GBPUSD)
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Alorente replied Oct 1, 2024Not only held... I´ve been adding on the way down. Now I am on hold and will start closing partials as we get closer to the Pivot.
Cable Update (GBPUSD)