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Cable Update (GBPUSD)

  • #509,661
  • Jan 24, 2020 5:01am Jan 24, 2020 5:01am
3074 for sure, extension 3050
Intraday only.
  • #509,662
  • Jan 24, 2020 5:12am Jan 24, 2020 5:12am
next levels to watch 1.3060-40
  • #509,663
  • Jan 24, 2020 5:19am Jan 24, 2020 5:19am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 39 KB
Attached Image (click to enlarge)
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yes yes yes
  • #509,664
  • Edited 5:58am Jan 24, 2020 5:31am | Edited 5:58am
Quoting knkie
{quote} i wish you green pips
i have 4 PO
1. SL at BE (touch)
2. TP
3. TP
4. Headging SL: BE TP 750 Pips (selling at 1.31067)

im left the market.
  • #509,665
  • Jan 24, 2020 5:43am Jan 24, 2020 5:43am
Quoting thevisitor
{quote} this "bull trap" saved me 65 pips..
And if you didn't close that long, you would be in a DD now and possibly much bigger in the coming weeks. Thats the DEFINITION of a bull trap, it doesn't mean you can't scalp pips both ways.
Everyone can see the chart, but only a few can actually read it.
  • #509,666
  • Jan 24, 2020 5:52am Jan 24, 2020 5:52am
Quoting navk
why some guys buying ? for scalping? I feel, the selling mode will continue even on Monday. Just decide right place to short.
agreed navk.
Price is slowly breaking down thru Day LEvels.....never a good sign for bulls.

if i were long now i would dump it beofre losses accumulate.
But thats just me lol
in wondering about yourself, you forgot what you came here to be part of
  • #509,667
  • Jan 24, 2020 5:55am Jan 24, 2020 5:55am
IMO bears haven't fully broken through, could whipsaw again right around this level. I'm just watching on the sideline, can't put a finger on GU atm.
  • #509,668
  • Jan 24, 2020 6:01am Jan 24, 2020 6:01am
Quoting OnlineAddict
{quote} And if you didn't close that long, you would be in a DD now and possibly much bigger in the coming weeks. Thats the DEFINITION of a bull trap, it doesn't mean you can't scalp pips both ways.
the definition is discretionary
  • #509,669
  • Jan 24, 2020 6:02am Jan 24, 2020 6:02am
Quoting thevisitor
{quote} the definition is discretionary

...like whole trading...

Happy Weekend!!
  • #509,670
  • Jan 24, 2020 6:04am Jan 24, 2020 6:04am
Quoting Moty
{quote} no bulls trap , up up and away we will go {image}
It's very possible.

However, if US Senate dismiss impeachment charges, which they have already announced hours ago they are ready to do that, this will make things in the FX market quite interesting. And in this case, my bias is a huge USD bull push for weeks. Then, after that, GDP will skyrocket.

I agree GDP has a huge potential to go up. Full stop. All that's left to know is if a 5th wave is forming now and just keep going or must happen a massive checking point on 1.23-1.25 before goes up.

Watch out! Because whichever side it goes now, will be violent...
Hey buddy, let's grab some Pips!
  • #509,671
  • Jan 24, 2020 6:06am Jan 24, 2020 6:06am
Quoting OnlineAddict
{quote} And if you didn't close that long, you would be in a DD now and possibly much bigger in the coming weeks. Thats the DEFINITION of a bull trap, it doesn't mean you can't scalp pips both ways.
a little luck for my longs, you are right.
but a DD would never been happen bc my sl

btw...i am short
  • #509,672
  • Jan 24, 2020 6:18am Jan 24, 2020 6:18am
hold on !!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 34 KB
yes yes yes
  • #509,673
  • Jan 24, 2020 6:19am Jan 24, 2020 6:19am
Quoting OnlineAddict
{quote} And if you didn't close that long, you would be in a DD now and possibly much bigger in the coming weeks. Thats the DEFINITION of a bull trap, it doesn't mean you can't scalp pips both ways.

Do you think that the “trap” today was based to push price up towards Friday and the news? The market did go up, so the smart one did probably sell there and took profit maybe sametime!

For me it feels a trap based on that nothing really new all week and the price goes up and up... I am dreaming and beeing still keeping shorts for two weeks for 1.25-.28 levels, but that may not come. We also on the 4h chart has some very large rejection wicks today and also the 17th. My own analysis is that as long we are stuck here at this price and range on the daily chart, we dont know the direction. I feel that i should have went to the sideline instead or just scalped... However DXY did today show a sign of direction, we went above daily support. If we close today above 97.8, the dollar do look short term bullish..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CFDFAEE6-6D79-42A9-8A91-06455E2C8459.png Size: 376 KB
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  • #509,674
  • Jan 24, 2020 6:25am Jan 24, 2020 6:25am
Quoting Moty
hold on !!!!!! {image}
Waiting for a strong break or runs upward
Its all about Timing!!!
  • #509,675
  • Jan 24, 2020 6:54am Jan 24, 2020 6:54am
Quoting krst8
{quote} Do you think that the “trap” today was based to push price up towards Friday and the news?
It was just because of the chart patterns(and market sentiment - meaning retail being long biased) and reactions this week and last week. I am still biased towards 2850-80, so I can get it either before BoE next week or after BoE the week after, after UK is out of EU. Longer term target is 2380.
Everyone can see the chart, but only a few can actually read it.
  • #509,676
  • Jan 24, 2020 6:55am Jan 24, 2020 6:55am
Breaks up 97.60 and hold may go usdx for 97.80 +. Near support now 97.59. Take care
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #509,677
  • Jan 24, 2020 7:00am Jan 24, 2020 7:00am
Quoting navk
3074 for sure, extension 3050
Agree, i think we will touch 3065
  • #509,678
  • Jan 24, 2020 7:04am Jan 24, 2020 7:04am
Quoting OnlineAddict
{quote} It was just because of the chart patterns(and market sentiment - meaning retail being long biased) and reactions this week and last week. I am still biased towards 2850-80, so I can get it either before BoE next week or after BoE the week after, after UK is out of EU. Longer term target is 2380.

yeah, time is hard, one should have a swap free world :-)

For market sentiment, you have any good input data besides IG and oanda? I been checking out

https://fxssi.com/tools/current-ratio?filter=GBPUSD

and to me the retail sentiment is going towards short which worries me :-)
  • #509,679
  • Jan 24, 2020 7:13am Jan 24, 2020 7:13am
Quoting Coreg2004
{quote} still the chance that ABC becomes 12345 pattern...decisions, decisions...watch for the 3rd touch of the TL and WH (@1.3119) {image}
Target hit...
Attached Image (click to enlarge)
Click to Enlarge Name: GU.01.24.30M.png Size: 97 KB

possible long term trade...always stick to your setup time frame...
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #509,680
  • Jan 24, 2020 7:14am Jan 24, 2020 7:14am
is it true or not .... brexit will coming soon in the end january
https://www.msn.com/en-gb/news/brexi...sRB?li=BBoPWjQ
Attached Image (click to enlarge)
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