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

PayTheLimit Dec 5, 2019 11:14pm | Post# 505441

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not predicting anything, just curious to see the reaction to this area....
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jonatsgonats Dec 5, 2019 11:27pm | Post# 505442

Basically GBP - DEC 12 -> GBP Elections
All currencies - DEC 15 -> Trump Tariffs in Effect

Trade according to timing.

Do you want to go long now that the GBP has moved so much?
Do you want to short wherein polls indicate supported GBP?
Do you want to trade GBPAUD or GBPNZD given DEC 15 tariffs? Are you ready for fake news throughout the day and days before it?
Safest 100% trade is to invest all your money to my time machine.

Temptation with traders is they want to make $$$ in each pip up and down.

NieFenG999 Dec 5, 2019 11:33pm | Post# 505443

Open long 1.3157 target 1.3200-1.3225 before NFP, i put my sl on 1.3130....

Nala66 Dec 6, 2019 12:04am | Post# 505444

{quote} why would u lose your account if i told u the selling area is 300pips wide range that's mean u should only go small lots every time it goes up and u will never end up blowing any accounts. before u build u can count ur loss of course there is no guarantee things with analysis but this is the tools we have in this life and we try to predict everyone can use this analysis differently some will not sell inside the circle until he sees a reversal weekly candle inside the circle and he will be more confident with the count
Good luck, I hope it works out for you

Coreg2004 Dec 6, 2019 12:13am | Post# 505445

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everyone is trying to guess the top which is a very hard job but with help of Elliott waves i can guess the safe zone to go short the grey circle is where u should build ur short positions and the drop target would be between 1.25 to 1.28 area before resuming the up trend again {image}
msniper, excellent work as always...and one more thing, I don't predict I forecast...
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Moty Dec 6, 2019 12:51am | Post# 505446

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aswar Dec 6, 2019 1:44am | Post# 505447

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USDX moving down to 97.00 area..
Still a lot of room UP for Gbpusd
My short term target is 1.3220..
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fontu Dec 6, 2019 1:56am | Post# 505448

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everyone is trying to guess the top which is a very hard job but with help of Elliott waves i can guess the safe zone to go short the grey circle is where u should build ur short positions and the drop target would be between 1.25 to 1.28 area before resuming the up trend again {image}
Ok as per normal pa, usdx readying for a bounce but may not have support yet! Resistance at top gbpusd, so breaks the target 3176 and some more , say 3200 round # to correct try if. Lets see

Though i did not thought about 3380 + movement before, but it can break it to 3400 test and even further up for 3775 easy before great wave 3 down after uk election over? Something different may happen then ! May be! So here real watching 3379!
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Guztro Dec 6, 2019 1:58am | Post# 505449

everyone is trying to guess the top which is a very hard job but with help of Elliott waves i can guess the safe zone to go short the grey circle is where u should build ur short positions and the drop target would be between 1.25 to 1.28 area before resuming the up trend again {image}
msniper, thanks for your post. There's a saying that goes like this, if you put 10 elliotticians in a room, each of them will very likely come up with a different wave count. I think that's probably the biggest criticism of the strategy by those who attempted Elliott Wave over the years. My own experience, when market conditions are straight forward, Elliott Wave works well, providing you stick to the rules. However, what we have at the moment is market uncertainty, whip saws up/down caused by both political and economic uncertainty.

In cases like these I opt to be more cautious, as the EW logic more often than not fly out the window. So bit of common sense is needed at a time like this, or if you so wish, there are other pairs to trade during such times.

A prerequisite of the EW strategy is patience, and not many has that, especially if you feel the need to trade every single day. Each to his own, but for anyone looking to embark on the EW journey, you will need allot of patience to time your sniper entries.

Guz

Almo2312 Dec 6, 2019 2:41am | Post# 505450

i take long on GU @1.3148 tp/sl 50/50

trade safe

b_hand Dec 6, 2019 2:51am | Post# 505451

USDX moving down to 97.00 area.. Still a lot of room UP for Gbpusd My short term target is 1.3220.. {image}
Don t skip EG

Moty Dec 6, 2019 2:57am | Post# 505452

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b_hand Dec 6, 2019 3:13am | Post# 505453

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Offside BB daily Hope we see 3120 first an then up up up..Click to Enlarge

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knkie Dec 6, 2019 3:17am | Post# 505454

good morning

SELL 3144
M5 & M30 frames

edit:
32 25 pip trgt @ 3119

PayTheLimit Dec 6, 2019 3:23am | Post# 505455

maybe 3128 is some support...if not 3085 looks like a spot also...who knows really...

Almo2312 Dec 6, 2019 3:29am | Post# 505456

i take long on GU @1.3148 tp/sl 50/50 trade safe
closed -10

will wait

Fredo219 Dec 6, 2019 3:30am | Post# 505457

Sell gbpusd, sorry its coming late.
Sold it 10 minutes ago.

viktoriaxz Dec 6, 2019 3:31am | Post# 505458

H1 down from this night,but H4 stays green both indicators channel h1 1.30920

NieFenG999 Dec 6, 2019 3:32am | Post# 505459

I hope my sl on 30 never be touch.... ^_^

Almo2312 Dec 6, 2019 3:36am | Post# 505460

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{quote} closed -10 will wait
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