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Cable Update (GBP/USD) without Idiots 23 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Robinhood1
{quote} Lets see, another push
eurgbp could perform a doble top or a slight high.

eurcad is still selling zone around 1.4705
PHASE II running 666
OK guys. I may hang around for NFP and ISM.

I went in this morning to close all my GBPJPY and USDJPY in my portfolio. I'm flat on these yen crosses.

I've my Euro long intact. I've also have my Cable shorts. The 29 trades positions you saw here, here and here are still active. Floating P/L now at +$410. Broke even. I might just keep them open.

Now, I'll be taking a short ski break, tomorrow through mid-month. If I don't post after this, I'll be seeing you again on US CPI report, I think it's on 14 Feb.

Take care, and trade safe. Cheers, Kate.
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gong long here for 40 pips sl would be 15 pips
I'm seeing GBPUSD in a small downside pyramid. Let's see if London session reverses it back up a little. Here's my model.
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... it's not absolutely unseen, but it is very uncommon to have 7 consecutive bearish-bodied candles on 4hr, so far we have had 6, the 7th is forming now, - still 1hr 50+mins till it closes but so far looking bearish.

Bulls fell @ 1st hurdle on 1st attempt, another dip down marginally lower and now another try?

5min below
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting Headland
... it's not absolutely unseen, but it is very uncommon to have 7 consecutive bearish-bodied candles on 4hr, so far we have had 6, the 7th is forming now, - still 1hr 50+mins till it closes but so far looking bearish. Bulls fell @ 1st hurdle on 1st attempt, another dip down marginally lower and now another try? 5min below {image}
When you're getting a spike down like an hour before LONDON open then this could very well be stop grabbing before major session. Often times, London reverses this, at least temporarily. We'll see
Quoting catch22
{quote} When you're getting a spike down like an hour before LONDON open then this could very well be stop grabbing before major session. Often times, London reverses this, at least temporarily. We'll see
I don't know what you mean by the London open - do you mean equities? Just to be clear: London forex desks open 0630am/0700am London time, (which is currently gmt,) and London equities open 0800am London time. in fact most if not all Uk asset-class markets are already open now. Forex and equities make up a big part of the total inter-asset class flows.
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting Headland
{quote} I don't know what you mean by the London open - do you mean equities? Just to be clear: London forex desks open 0630am/0700am London time, and London equities open 0800am London time, in fact most Uk asset-class markets are already open now. Forex and equities make up a big part of the total inter-asset class flows.
Yes, i mean 8.am London time, 20 minutes ago.
EURGBP M15 está mostrando um topo mais baixo, precisa de um little mais tempo para confirmar.

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Together we can be strongest
Quoting Whale
{quote} no, not classical e wave, but on weekly i see new low.we are at the beginning of 5th
Thanks, to hear
Quoting Headland
{quote} I don't know what you mean by the London open - do you mean equities? Just to be clear: London forex desks open 0630am/0700am London time, and London equities open 0800am London time. in fact most if not all Uk asset-class markets are already open now. Forex and equities make up a big part of the total inter-asset class flows.
Doesn't matter, main volume start when equities start trading. And that's 8.00am With what are you buying your stocks with? You can trade Forex around the clock, that doesn't mean it's liquid all the time.
Could it mean strong demand of usd coz of its interest rates which has shadowed the gbp rise in rate?
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Together we can be strongest
Quoting catch22
{quote} Yes, i mean 8.am London time, 20 minutes ago.
Best hours to trade Asian Market at Japan open midnight to 1 am and close 7.30am - 8 am LGT.
London and NY open and close.
Quoting catch22
{quote} Doesn't matter, main volume start when equities start trading. And that's 8.00am With what are you buying your stocks with? You can trade Forex around the clock, that doesn't mean it's liquid all the time.
Generally agree, but you might be surprised how many orders are placed in the 1st hour of London forex open say from 0700am London time. Markets can move in thin liquidity also, and many times thin liquidity can lead to so-called 'exaggerated' moves. In the U.s they used to call/still call the 1st hour of the DJIA open the 'fools hour' because all the retailers/so-called 'dumb-money' rushed in @ the open.
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
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Quoting Headland
{quote} Generally agree, but you might be surprised how many orders are placed in the 1st hour of London forex open say from 0700am London time. Markets can move in thin liquidity also, and many times thin liquidity can lead to so-called 'exaggerated' moves. In the U.s they used to call/still call the 1st hour of the DJIA open the 'fools hour' because all the retailers/so-called 'dumb-money' rushed in @ the open.
Which is why i said that london open (8.00am) often times reverses "exaggerated moves" prior to it
Everything is "thin" compared to what starts happening after 8.00am.

During thin liquidity, it's best to hunt stops. Sometimes their so big it makes sense to hunt them 500pts away in a matter of seconds if there's noone defending it.
Quoting Mitiblotch
Now long GU here at 2383. Target is 2500 and above. I will hold except I see a full daily lose below 2335.
I should give update about this trade. I became so busy and just checked yesterday. So price came down and took out my SL at 2284 and then went up to hit my desired 2450 and almost 2500 and now price has crashed again. I took a 100 pip loss. I was in profit many times and should have banked but left it untended. I still believe the dollar will get weak. I have put my fibs and will wait to buy at around 38.6% of the rise.

Beetogether, I have been posted to University Hospital in a placed called Hairmyres Eastkilbride. Just busy this period with classes and clinical postings so may bot be able to trade. However, I bought UJ here at 128.70 and will leave it. Once I get to the hospital my phone will be put away in my bag. Hopefully it hits TP before close of the day st 5pm.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting catch22
{quote} Which is why i said that london open (8.00am) often times reverses "exaggerated moves" prior to it Everything is "thin" compared to what starts happening after 8.00am. During thin liquidity, it's best to hunt stops. Sometimes their so big it makes sense to hunt them 500pts away in a matter of seconds if there's noone defending it.
Yeh, I get what you are saying. Is your observation anecdotal or empirical? Ie do you have a large multi-year sample size of evidence of this to say that the phenomenon/pattern represents an actual trading edge in itself, or is it just an anecdotal (non-recorded) observation? Just interested, Thanks.
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Tempted to try a long. Maybe upto 12260 before
NFP
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