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Cable Update (GBPUSD)

  • #546,121
  • Sep 3, 2020 5:48am Sep 3, 2020 5:48am
Quoting Roszey
Now it's time for sellers to spam
yeap buddy) i will spam now
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Like your wife says, hold the fucking position until I tell you I'm done.
  • #546,122
  • Sep 3, 2020 5:49am Sep 3, 2020 5:49am
Hi.

GBPUSD is going to bear. I would say it's time to sell some pounds. Do you think so?
  • #546,123
  • Sep 3, 2020 5:49am Sep 3, 2020 5:49am
We are at the weekly pivot. There should be a bounce here for the next couple of hours before down again.

Plus, that last H4 pin bar (hammer) calls for a rebound also.
Observation is the path to discovery.
  • #546,124
  • Sep 3, 2020 5:51am Sep 3, 2020 5:51am
my opinion
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  • #546,125
  • Sep 3, 2020 5:53am Sep 3, 2020 5:53am
Quoting epzero
{quote} 1hrs and 4hrs
cool, longterm i see 1.2 like i said, 1.33 held, and EU dealers are like 500k contracts short. i will build my long dollar positions. EU target 1.15, 1.125 if lucky. nice trading today.
  • #546,126
  • Sep 3, 2020 5:55am Sep 3, 2020 5:55am
Quoting VM.
We bounced off support, but no real conviction in the PA so far. If we break the support, my guess is we go much lower. Placed a sell stop at 1.327, stop loss 25 pips.
Moved SL to BE. Will likely hit that SL and wait for higher price to sell.
  • #546,127
  • Sep 3, 2020 6:06am Sep 3, 2020 6:06am
Quoting emannnn
my opinion {image}
nice vision, i've got same plan but i think it could drop much lower to 3200 (50 pips from now), sure it can pop before it cause we are in a huge buying zone
3200-3285

my 30m chart
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  • #546,128
  • Sep 3, 2020 6:06am Sep 3, 2020 6:06am
Quoting Georginson
Weekly range stands at 206 pips so far, last week range was 302 pips. 1.3280 is a critical area that decides 1.35 or 1.28 battle. Today's range already 83 pips, considering the last 3 days had ranges of 120+ pips, we can't rule out a possible range of 100 pips today, which opens up potential 1.3250 area or reversal to 1.3380 area which looks quite a distance away. Let's see how the events unfold.
The projected 1.3250 this week now attained. Which makes the 232 pips range this week. Also 1.3280 has been broken convincingly which opens up a case for 1.3010 and 1.2870 in days ahead.

Now expect some bounce from here to 1.33 area before resumption of fall later.

Please no obligation to follow.
Data + Stat + Risk/Emotions Management
  • #546,129
  • Sep 3, 2020 6:13am Sep 3, 2020 6:13am
Quoting Wavegarrick
{quote} Hi Guys, It sucks, I know. I was forced to take 500 pips in profit off the table. Price fell below 1.3400 and just was not able to recover. Unless we have a strong push and hold above 1.34000 I have to go with the flow and enter sell trades. My system is also telling me that we could be in for a cyclic correction. I am looking towards my weekly pivot at 1.32554. Sell trade opened with a 25 pip stop. Trade safe, Cheers {image} {image}
Hi Guys,

This has played out accordingly with my previous post. The down move happened quicker than I expected with my monthly pivot at 1.32470 just below my weekly pivot. My 2-month ascending trend line just below could also be tested. I would look for signs of 4 hourly and Daily candle closures below 1.32470 for continuation perhaps towards my weekly support 1 at 1.31529. The question remains if we could bounce from here?, which I am hoping for. Time will tell.

Trade safe,
Cheers.
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Trade to trade another day
  • #546,130
  • Sep 3, 2020 6:17am Sep 3, 2020 6:17am
Quoting SkullCandy
Hello everyone. Atm im hunting for 35 pips, good luck and have a wonderfull day. {image}

Stopped out -35.
Forgot not to open any trades before takin 2 cups of coffee lol , meh
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #546,131
  • Sep 3, 2020 6:20am Sep 3, 2020 6:20am
Quoting SkullCandy
{quote} Stopped out -35. Forgot not to open any trades before takin 2 cups of coffee lol , meh
hahaha never buy a bear market lol
  • #546,132
  • Sep 3, 2020 6:20am Sep 3, 2020 6:20am
Quoting Wavegarrick
{quote} Hi Guys, This has played out accordingly with my previous post. The down move happened quicker than I expected with my monthly pivot at 1.32470 just below my weekly pivot. My 2-month ascending trend line just below could also be tested. I would look for signs of 4 hourly and Daily candle closures below 1.32470 for continuation perhaps towards my weekly support 1 at 1.31529. The question remains if we could bounce from here?, which I am hoping for. Time will tell. Trade safe, Cheers. {image}

yeap,

I think so ...

or maybe after US news

Also, I feel double top on usdx H1 ( not yet ...)
  • #546,133
  • Sep 3, 2020 6:22am Sep 3, 2020 6:22am
Quoting epzero
{quote} hahaha never buy a bear market lol

one barks, others act. Thats a big difference.
Still in profits for a week, and not gonna stop.
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #546,134
  • Sep 3, 2020 6:35am Sep 3, 2020 6:35am
another bear trap
trade only short trades for now
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yes yes yes
  • #546,135
  • Sep 3, 2020 6:37am Sep 3, 2020 6:37am
Quoting Mr.Tea
{quote} Good morning guys Aiming 1.32704 - 1.32576 near Ema H4
Hit, start trailing, let see how price will play today
  • #546,136
  • Sep 3, 2020 6:48am Sep 3, 2020 6:48am
Good morning guys ...im adding slow buys , i think we are at a good price to go up
  • #546,137
  • Sep 3, 2020 6:49am Sep 3, 2020 6:49am
The market is going down and there's no stopping it. Dollar strength is key
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  • #546,138
  • Sep 3, 2020 6:52am Sep 3, 2020 6:52am
Quoting SkullCandy
{quote} one barks, others act. Thats a big difference. Still in profits for a week, and not gonna stop.
The dogs are barking , and the parade is passing
  • #546,139
  • Sep 3, 2020 6:53am Sep 3, 2020 6:53am
Quoting epzero
The market is going down and there's no stopping it. Dollar strength is key {image}
Let the retailers buying, so it can go down
Make money by doing the opposite of Giveachance aka loser
  • #546,140
  • Sep 3, 2020 6:56am Sep 3, 2020 6:56am
Quoting nessus94
{quote} Let the retailers buying, so it can go down
hahaha your up mate where is Mr JayBag he's quiet all day as usual, i want him to come out of his shell and rant about the bulls
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