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-   -   Cable Update (GBPUSD) (https://www.forexfactory.com/showthread.php?t=10378)

akim0895 Aug 10, 2018 10:46am | Post# 463581

look like bull just wake up

Pipmasterfx Aug 10, 2018 11:17am | Post# 463582

If the bull get strength at the current level, 1.30 is the next target on daily basis. Not sure yet either the current level make or break but this pair already rallied 1,200 pips. Exhaustion is expected. Will observe the move for this pair. No position taken yet on major. Im start eyeing for the cross. Good luck everyone and happy weekend!

masudsardar Aug 10, 2018 11:20am | Post# 463583

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Almo2312 Aug 10, 2018 11:36am | Post# 463584

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Just made nice 2.7k profit from 300usd account from this down move .
Thanks Gu.
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Pipmasterfx Aug 10, 2018 11:39am | Post# 463585

Just made nice 3k profit from 300usd account from this down move . Thanks Gu. {image}
Wow, your position lot quite big for 300usd account. I'm not dare enough to go that big if it is my account. Btw, im feel happy for you. Great profits!

parisboy Aug 10, 2018 11:42am | Post# 463586

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Almo2312 Aug 10, 2018 11:52am | Post# 463587

{quote} Wow, your position lot quite big for 300usd account. I'm not dare enough to go that big if it is my account. Btw, im feel happy for you. Great profits!
thanks mate

DashKing Aug 10, 2018 11:56am | Post# 463588

Just made nice 2.7k profit from 300usd account from this down move . Thanks Gu. {image} {image}
Please how did you do it?! A little pull back could wipe that account size considering the lot size...i suspect some kind of skillful hedging...
... Very Interesting result though !!! !

fehinomen Aug 10, 2018 12:18pm | Post# 463589

{image}
Please what are the parameters for calculating thes bolinger lines. Please specify your indicator, thanks

Moty Aug 10, 2018 2:58pm | Post# 463590

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gu d1
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Ill-b-back Aug 10, 2018 6:45pm | Post# 463591

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I just hope it doesn't gap down too much on Monday morning so I can get a good entry before heading off to work.

I like the look of those 4hr candles on the retest.

There's a good deal still left in this move
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bjpumping Aug 10, 2018 6:57pm | Post# 463592

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cable still going south, am still bearish on this....till next week...happy positive pips to all
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Paybackfx Aug 11, 2018 2:46pm | Post# 463593

Just made nice 2.7k profit from 300usd account from this down move . Thanks Gu. {image} {image}
is that instaforex broker?which kind of broker allows such size of lot in 300usd account ?
great outcome but will advice you do not try it again because we love you and your accout sir /

bjpumping Aug 11, 2018 5:38pm | Post# 463594

{quote} is that instaforex broker?which kind of broker allows such size of lot in 300usd account ? great outcome but will advice you do not try it again because we love you and your accout sir /
so funny...had to laugh for more than 5 minutes... you sound african though..are you?

catch you guys next week.

theDHT Aug 12, 2018 6:46am | Post# 463595

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GBP Weighted Average Price Chart

Daily
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is she setting up to rally?

Ill-b-back Aug 12, 2018 7:33am | Post# 463596

GBP Weighted Average Price Chart Daily {image} is she setting up to rally?
Not if you draw that lower channel line correctly.
Start the line from the lower point of that first candle instead of randomly a 3rd of the way up it , then see where it is positioned by the time it gets to the other end.
I think you will find it will be positioned ABOVE the body of Friday's candle, not below it. (ie. Channel break).

theDHT Aug 12, 2018 8:50am | Post# 463597

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{quote} Not if you draw that lower channel line correctly. Start the line from the lower point of that first candle instead of randomly a 3rd of the way up it , then see where it is positioned by the time it gets to the other end. I think you will find it will be positioned ABOVE the body of Friday's candle, not below it. (ie. Channel break).
in fact, i originally drew the channel on a weekly basis put posted the daily view.

One can argue that its a bearish flag waiting to break down, and this would be valid opinion

honestly, with everyone being super bearish on this currency (myself included), i was just trying to see how i may be wrong and avoid confirmation bias

Weekly
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edit: added fibonacci levels to the weekly, which adds even more credence to a bearish view, tho it may also rally a bit before reversing...

theDHT Aug 12, 2018 9:00am | Post# 463598

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{quote} in fact, i originally drew the channel on a weekly basis put posted the daily view. One can argue that its a bearish flag waiting to break down, and this would be valid opinion honestly, with everyone being super bearish on this currency (myself included), i was just trying to see how i may be wrong and avoid confirmation bias Weekly {image} edit: added fibonacci levels to the weekly, which adds even more credence to a bearish view, tho it may also rally a bit before reversing...
especially when you view it in conjunction with this (after all, this is a cable thread)

USD Weighted Average Weekly
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Im not making any predictions, just sharing what i see

Ill-b-back Aug 12, 2018 9:01am | Post# 463599

{quote} in fact, i originally drew the channel on a weekly basis put posted the daily view. One can argue that its a bearish flag waiting to break down, and this would be valid opinion honestly, with everyone being super bearish on this currency (myself included), i was just trying to see how i may be wrong and avoid confirmation bias Weekly {image} edit: added fibonacci levels to the weekly, which adds even more credence to a bearish view, tho it may also rally a bit before reversing...
Everyone super bearish?
Check out the FF 'trades' tab, 63 percent are bullish.
If you want to use channels/trendlines, Draw an accurate, thin monthly or weekly TL on GBPUSD starting from the lowest point and what do you see?
Personally, I doubt we will rally very far into 1.28 territory, assuming we even get to that price point at all.

theDHT Aug 12, 2018 9:09am | Post# 463600

{quote} Everyone super bearish? Check out the FF 'trades' tab, 63 percent are bullish. If you want to use channels/trendlines, Draw an accurate, thin monthly or weekly TL on GBPUSD starting from the lowest point and what do you see? Personally, I doubt we will rally very far into 1.28 territory, assuming we even get to that price point at all.
I dont really look at the FF trades tab because its primarily comprised of retail traders

but to reiterate my point, I have been bearish on this pair (see my post here: https://www.forexfactory.com/showthr...9#post11329799)

I see the target levels on the downside

was really just trying to play devils advocate (with myself)


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