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Cable Update (GBPUSD)

  • #461,761
  • Jul 5, 2018 6:40am Jul 5, 2018 6:40am
I use this simple method, after the bounce from Pivot yesterday I closed position cos I only trade daily and signal is not for overnight. From the looks of it, there is a high chance we can have a higher high tomorrow Friday.
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  • #461,762
  • Jul 5, 2018 7:19am Jul 5, 2018 7:19am
Quoting akim0895
{quote} i’m waiting mate if get there,will start shorting soon
Nfp tomorrow will shake things up
Come with me if you want to live....
  • #461,763
  • Jul 5, 2018 7:35am Jul 5, 2018 7:35am
Quoting Ill-b-back
{quote} Nfp tomorrow will shake things up
FOMC will shake sooner. After a few hours.
  • #461,764
  • Jul 5, 2018 8:28am Jul 5, 2018 8:28am
Look how heavily it was shorted once it had hit its target... A break of the RSI test line and then straight down to the average 3232 without stopping for air. We are probably looking at the 3197 now
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  • #461,765
  • Jul 5, 2018 8:43am Jul 5, 2018 8:43am
I am using machine learning to project the hit levels. As per latest:


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We are expecting the close to be higher than open with 72% probability
  • #461,766
  • Jul 5, 2018 9:12am Jul 5, 2018 9:12am
Quoting Nala66
Look how heavily it was shorted once it had hit its target... A break of the RSI test line and then straight down to the average 3232 without stopping for air. We are probably looking at the 3197 now {image}
a deeper one can be 1.3185.

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  • #461,767
  • Jul 5, 2018 9:35am Jul 5, 2018 9:35am
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to err is human
  • #461,768
  • Jul 5, 2018 9:45am Jul 5, 2018 9:45am
seem bear is back from vacation
still sideline for today,maybe after fomc
just for a cup of coffee...
  • #461,769
  • Jul 5, 2018 1:28pm Jul 5, 2018 1:28pm
non events
just for a cup of coffee...
  • #461,770
  • Jul 5, 2018 6:03pm Jul 5, 2018 6:03pm
Quoting Nala66
Look how heavily it was shorted once it had hit its target... A break of the RSI test line and then straight down to the average 3232 without stopping for air. We are probably looking at the 3197 now {image}
Whoops! My fault I missed off the 3206 level.

What we note about these levels is that price makes it to them but in fact it is a failure point because the average does not make it before price re-crosses the EMA.

This is now the start of a new story as the average again tries to make newer highs or newer lows. We are now between the 3224 and 3214 levels and travelling sideways and would observe there is little to nothing to trade other than speculating of which side the price will break. Only after the break can we make a stab at a particular target level.
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  • #461,771
  • Jul 5, 2018 8:18pm Jul 5, 2018 8:18pm
Thursday's close below 3213 area, and Fridays first 4hr retest is a good sign for a bearish Friday.
Come with me if you want to live....
  • #461,772
  • Jul 5, 2018 8:52pm Jul 5, 2018 8:52pm
Well this is what my charts look like now.

On the 5 min the average failed to make a HH so it then tries to make the LL which was on the cards since we are now below the average on the 1 hour.

Bears have FOUND support so now it is a question of riding it until we find the fail point or take profit... Stop should be at least to break even now.

I closed at the 3206
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  • #461,773
  • Jul 5, 2018 9:52pm Jul 5, 2018 9:52pm
the trade of today, wish me luck!

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  • #461,774
  • Jul 5, 2018 10:08pm Jul 5, 2018 10:08pm
Quoting SweetRevenge
the trade of today, wish me luck! {image}
Good luck
  • #461,775
  • Jul 5, 2018 11:07pm Jul 5, 2018 11:07pm
Quoting Nala66
Well this is what my charts look like now. On the 5 min the average failed to make a HH so it then tries to make the LL which was on the cards since we are now below the average on the 1 hour. Bears have FOUND support so now it is a question of riding it until we find the fail point or take profit... Stop should be at least to break even now. I closed at the 3206 {image}

your support works, thanks

1.3211 to 1.3215 in TF M1
  • #461,776
  • Jul 5, 2018 11:17pm Jul 5, 2018 11:17pm
Quoting SweetRevenge
{quote} your support works, thanks 1.3211 to 1.3215 in TF M1
No worries I am also long looking for 3259 with stop now at B/E
  • #461,777
  • Jul 5, 2018 11:21pm Jul 5, 2018 11:21pm
Quoting Nala66
{quote} No worries I am also long looking for 3259 with stop now at B/E
I targeting the upper band

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  • #461,778
  • Jul 5, 2018 11:33pm Jul 5, 2018 11:33pm
Locked in 10 pips
  • #461,779
  • Jul 5, 2018 11:44pm Jul 5, 2018 11:44pm
I closed at 3225 (+18pips) because that was the 1 hour bear support and it did not break it.
  • #461,780
  • Jul 5, 2018 11:54pm Jul 5, 2018 11:54pm
Quoting Nala66
I closed at 3225 (+18pips) because that was the 1 hour bear support and it did not break it.

1.3217 would be good for re-entry
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