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Cable Update (GBPUSD)

  • #462,981
  • Jul 26, 2018 12:31pm Jul 26, 2018 12:31pm
Quoting aa4fx
{quote} I am still looking to sell but also maybe buy little bit under 3100
meanwhile, I just sold 3129, should this crazy tp 3061 happen in seconds ... I will not ask myself: why?!?
  • #462,982
  • Jul 26, 2018 1:19pm Jul 26, 2018 1:19pm
Quoting aa4fx
{quote} meanwhile, I just sold 3129, should this crazy tp 3061 happen in seconds ... I will not ask myself: why?!?
those seconds passed and I am out @ 3119
  • #462,983
  • Jul 26, 2018 1:39pm Jul 26, 2018 1:39pm
Quoting alirelax
gbpusd sell (( again)) att:1.3190/1.3200/13210 (2018/7/25) tp1:1.3055 tp2:1.3000 sl:1.3250 {image}
+100 pip now (2018/7/26)
next tp 1 : > > > 1.3055
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  • #462,984
  • Jul 26, 2018 1:41pm Jul 26, 2018 1:41pm
Quoting alirelax
gbpusd sell att:1.3140/50/70 (2018/7/24) tp1:1.3055 tp2:1.2960 tp3:1.2865 sl:1.3230 {image}
+70 pip now (2018/7/24)
netx tp 1 : > > > 1.3055
  • #462,985
  • Jul 26, 2018 1:43pm Jul 26, 2018 1:43pm
just bought 3109
  • #462,986
  • Jul 26, 2018 2:09pm Jul 26, 2018 2:09pm
Quoting FractalFreak
{image}
nice goblen!
  • #462,987
  • Jul 26, 2018 3:00pm Jul 26, 2018 3:00pm
USDLFX H4

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EUROLFX H4

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and GBPLFX Index... H4 TF

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  • #462,988
  • Edited 5:16pm Jul 26, 2018 3:21pm | Edited 5:16pm
Quoting aa4fx
just bought 3109
I closed it with tiny profit.
  • #462,989
  • Jul 26, 2018 5:17pm Jul 26, 2018 5:17pm
I bought again 3109
Without looking much, I'll go in the buy side and I could see 09 -> 46 -> (77) -> 55 / news time -> 99 or 11 ... will see
  • #462,990
  • Jul 26, 2018 6:42pm Jul 26, 2018 6:42pm
The GBPUSD bounces to the downside from the 1.3200 zone and drops to the 1.3100 level where it may find some support. However, the bearish trend is still in place on the GBPUSD and the price may continue falling towards the 1.3000 level.
  • #462,991
  • Jul 26, 2018 7:11pm Jul 26, 2018 7:11pm
Quoting alirelax
{quote} +70 pip now (2018/7/24) netx tp 1 : > > > 1.3055
Speak up a tad, we can't hear you...
  • #462,992
  • Jul 26, 2018 7:31pm Jul 26, 2018 7:31pm
Easy trading yesterday for a change.

Here on the 1H we see the bulls fail to make the 3242 average. So failure on the northside leads to success on the south side as price makes the 3101 average.

The two options now are that the bulls attempt to stop the average decent (taking price to the 3242 level for the average HH swing) or the bears attempt to make an average swing LL putting price somewhere in the 3019 region.

We wait and watch for evidence...
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  • #462,993
  • Edited 8:52pm Jul 26, 2018 8:05pm | Edited 8:52pm
Had a good homerun on GBPUSD this morning. The entire drop was captured.
Attached Image (click to enlarge)
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Profit is displayed in Bit. 1 pip = 12.25 bit,
Small win matters.
  • #462,994
  • Jul 26, 2018 10:25pm Jul 26, 2018 10:25pm
Quoting Ill-b-back
Looks like the next battle zone above {image}
And the next...?
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #462,995
  • Jul 26, 2018 11:04pm Jul 26, 2018 11:04pm
Quoting Ill-b-back
{quote} And the next...? {image}
below 1.30
maybe i’m wrong..
just for a cup of coffee...
  • #462,996
  • Jul 26, 2018 11:37pm Jul 26, 2018 11:37pm
Quoting akim0895
{quote} below 1.30 maybe i’m wrong..
" I am wrong " This is to say to others. " I am right " is required for the self confidence.

I am trying to improve on this aspect to the best of my knowledge .
Intraday only.
  • #462,997
  • Jul 26, 2018 11:49pm Jul 26, 2018 11:49pm
Maybe some resistance at 3151 now.....
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Look Sharp/Trade Tight
  • #462,998
  • Jul 27, 2018 12:23am Jul 27, 2018 12:23am
Quoting PayTheLimit
Maybe some resistance at 3151 now..... {image}
IMO looking at H1, it shouldn't even visit or break the WP-3130 area to be safe for baby bears.
  • #462,999
  • Jul 27, 2018 12:23am Jul 27, 2018 12:23am
Quoting thir13enth
{quote} EU's 1745 level is well respected, lol. I needs to break 1635 to open 1610 and below. {quote} This was taken out, normal lot sell orders around 3220 area were not triggered as well. Reminder again on selling around 3105-3130 level. For those already holding shorts, wise to adjust SL 3130-3140 (this level shouldn't get visited again). Else, it needs to break 3105 to open 3070 to 3080 levels and finally 3000. Will be posting updated EU and GU charts before NY end. Later!
Fell asleep, lol.

Updated GU and EU charts below.
Bias is short and will change once both 3230 and 1745 are broken.

GU: 3105 is annoyingly holding, it was broken but a quick reaction up is there.
Depending on US data later, I'm expecting 3000 before this week ends (3170-3180 level needs a clean pass).
Else, waiting game to re-position mini sell lots. Normal lots reserved around 3220-3230 level.
But seems 3200-3220 might be the highest we can go now, above 3230 is watching game for me as 3260-3280 is still there to resist.

Attached Image (click to enlarge)
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EU: Take advantage of selling around 1730-1740 area with a tight SL (at least 1750).
We still haven't seen 1635, triangle is broken again and as of now, it's heading south.
Needs a clean pass at 1610 and we might even see 1575 or lower.

Attached Image (click to enlarge)
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Reminder: Careful selling on 3105-3130 and don't recklessly open positions!
For those already holding shorts, guard your profits as this thing may bounce.
  • #463,000
  • Jul 27, 2018 12:41am Jul 27, 2018 12:41am
Quoting thir13enth
{quote} IMO looking at H1, it shouldn't even visit or break the WP-3130 area to be safe for baby bears.
I looked at the area you mentioned, just didn't see anything interesting there, and even looking at 3151 some more, its not like a five star level, but its seems like the best spot on this whole move down....I don't see anything anywhere in the vicinity that is a super premium level, maybe best to just let cable be for a while...
Look Sharp/Trade Tight
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