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Cable Update (GBPUSD)

  • #462,821
  • Jul 25, 2018 6:54am Jul 25, 2018 6:54am
Quoting aa4fx
{quote} I am having such thoughts too! {quote} just sold 3158, looking to see a 72 too ... there is a buy chance
sold 3164 too and hopefully this was all the bull's mind.
  • #462,822
  • Jul 25, 2018 6:56am Jul 25, 2018 6:56am
Quoting nutgm5169
{quote} look at H4 sto and ma100 to prepare reverse
Wouldn't know the Sto that you mean but H4/RSI is 60 presently. Notice too that since 6 am GMT, H4 has never gone below EMA 5. All these are uptrend pointers. Meanwhile until PA beats EMA 200/M5 which is currently at 3149, the bull are fully on parade
  • #462,823
  • Jul 25, 2018 6:57am Jul 25, 2018 6:57am
Quoting squidster85
according to trade book we are to explode up... {image}
what so all of those long positions that have been in drawdown can now be in profit?
  • #462,824
  • Jul 25, 2018 7:25am Jul 25, 2018 7:25am
Quoting aa4fx
{quote} sold 3164 too and hopefully this was all the bull's mind.
I am out now @ 3148

Quoting Don96
{quote} 3.5 hours in a >20 pip range... terrible
thx for the info!
  • #462,825
  • Jul 25, 2018 7:50am Jul 25, 2018 7:50am
just sold 3161/67
  • #462,826
  • Jul 25, 2018 8:01am Jul 25, 2018 8:01am
Quoting Don96
{quote} what so all of those long positions that have been in drawdown can now be in profit?
looks like someone forgot to close and went on vacation....
this is what oanda is reporting...
  • #462,827
  • Jul 25, 2018 8:15am Jul 25, 2018 8:15am
Quoting squidster85
{quote} looks like someone forgot to close and went on vacation.... this is what oanda is reporting...
I don't get it...

you are suggesting that 70% of retail who are long are going to make the market move north... so all the retail currently in negative will turn positive?
  • #462,828
  • Jul 25, 2018 8:17am Jul 25, 2018 8:17am
preper for lift off
Attached Image (click to enlarge)
Click to Enlarge Name: gbp h1.png Size: 35 KB
yes yes yes
  • #462,829
  • Jul 25, 2018 8:21am Jul 25, 2018 8:21am
Quoting aa4fx
{quote} seeing so many sellers in here, the bulls simply gave up! 3139 is a place where 3174 nostalgia kick in ... it might go back for a last kiss.
got that kiss
  • #462,830
  • Jul 25, 2018 8:22am Jul 25, 2018 8:22am
Quoting Don96
{quote} I don't get it... you are suggesting that 70% of retail who are long are going to make the market move north... so all the retail currently in negative will turn positive?
you need to look at open positions...
open orders = TP, SL as per oanda explanation.
  • #462,831
  • Jul 25, 2018 8:24am Jul 25, 2018 8:24am
Quoting squidster85
{quote} you need to look at open positions... open orders = TP, SL as per oanda explanation.
yes, and how many of those open positions are currently negative...
  • #462,832
  • Jul 25, 2018 8:26am Jul 25, 2018 8:26am
Quoting Don96
{quote} yes, and how many of those open positions are currently negative...
this is my understanding from reading oanda docs.. marked above are in negative.
Attached Image (click to enlarge)
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  • #462,833
  • Jul 25, 2018 8:31am Jul 25, 2018 8:31am
Quoting squidster85
{quote} this is my understanding from reading oanda docs.. marked above are in negative. {image}
precisely,
so what makes you think the market is going to move in their favour so they can close in positive?
  • #462,834
  • Jul 25, 2018 8:39am Jul 25, 2018 8:39am
Quoting Don96
{quote} precisely, so what makes you think the market is going to move in their favour so they can close in positive?
check my post: https://www.forexfactory.com/showthr...8#post11296838

i day trade so for today I am expecting a downward move.

according to oanda we are expecting a large upward move based on open orders. Again the data from open books cannot be trusted as these could be false orders placed to fool the traders and algos...

Attached Image
  • #462,835
  • Jul 25, 2018 8:40am Jul 25, 2018 8:40am
Quoting squidster85
{quote} check my post: https://www.forexfactory.com/showthr...8#post11296838 i day trade so for today I am expecting a downward move. according to oanda we are expecting a large upward move based on open orders. Again the data from open books cannot be trusted as these could be false orders placed to fool the traders and algos... {image}
okay I see.
  • #462,836
  • Jul 25, 2018 8:45am Jul 25, 2018 8:45am
Too many pin bars on H1. It is not a power move.
  • #462,837
  • Jul 25, 2018 8:51am Jul 25, 2018 8:51am
Quoting aa4fx
{quote} got that kiss
was it a French kiss? it took quite long ...
out @ 3162/61 ...
  • #462,838
  • Jul 25, 2018 8:55am Jul 25, 2018 8:55am
The 1.32600 area is where I am looking for a bearish setup on cable. It is likely to be a significant flip zone should the current northward retracement get there. See attached D1 chart; area of interest is bound by magenta horizontal lines.


I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1_July_25,_2018.png Size: 49 KB
Do your homework, follow the footprints of smart money
  • #462,839
  • Jul 25, 2018 9:00am Jul 25, 2018 9:00am
GU negative divergence M30, Open SELL order from this point, H4 false break out inside bar..let see if this valid sell point ..

Attached Image (click to enlarge)
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H4 Look Like False Break out Inside bar ..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 37 KB
  • #462,840
  • Jul 25, 2018 9:06am Jul 25, 2018 9:06am
I am still seeing a 3190 but I am not praying for it.
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