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Cable Update (GBPUSD)

  • #463,581
  • Aug 10, 2018 9:46am Aug 10, 2018 9:46am
look like bull just wake up
just for a cup of coffee...
  • #463,582
  • Aug 10, 2018 10:17am Aug 10, 2018 10:17am
If the bull get strength at the current level, 1.30 is the next target on daily basis. Not sure yet either the current level make or break but this pair already rallied 1,200 pips. Exhaustion is expected. Will observe the move for this pair. No position taken yet on major. Im start eyeing for the cross. Good luck everyone and happy weekend!
  • #463,583
  • Aug 10, 2018 10:20am Aug 10, 2018 10:20am
Attached Image (click to enlarge)
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to err is human
  • #463,584
  • Aug 10, 2018 10:36am Aug 10, 2018 10:36am
Just made nice 2.7k profit from 300usd account from this down move .
Thanks Gu.
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #463,585
  • Aug 10, 2018 10:39am Aug 10, 2018 10:39am
Quoting Almo2312
Just made nice 3k profit from 300usd account from this down move . Thanks Gu. {image}
Wow, your position lot quite big for 300usd account. I'm not dare enough to go that big if it is my account. Btw, im feel happy for you. Great profits!
  • #463,586
  • Aug 10, 2018 10:42am Aug 10, 2018 10:42am
Attached Image (click to enlarge)
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  • #463,587
  • Aug 10, 2018 10:52am Aug 10, 2018 10:52am
Quoting Pipmasterfx
{quote} Wow, your position lot quite big for 300usd account. I'm not dare enough to go that big if it is my account. Btw, im feel happy for you. Great profits!
thanks mate
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #463,588
  • Aug 10, 2018 10:56am Aug 10, 2018 10:56am
Quoting Almo2312
Just made nice 2.7k profit from 300usd account from this down move . Thanks Gu. {image} {image}
Please how did you do it?! A little pull back could wipe that account size considering the lot size...i suspect some kind of skillful hedging...
... Very Interesting result though !!! !
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #463,589
  • Aug 10, 2018 11:18am Aug 10, 2018 11:18am
Quoting parisboy
{image}
Please what are the parameters for calculating thes bolinger lines. Please specify your indicator, thanks
  • #463,590
  • Aug 10, 2018 1:58pm Aug 10, 2018 1:58pm
gu d1
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yes yes yes
  • #463,591
  • Aug 10, 2018 5:45pm Aug 10, 2018 5:45pm
I just hope it doesn't gap down too much on Monday morning so I can get a good entry before heading off to work.

I like the look of those 4hr candles on the retest.

There's a good deal still left in this move
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #463,592
  • Aug 10, 2018 5:57pm Aug 10, 2018 5:57pm
cable still going south, am still bearish on this....till next week...happy positive pips to all
Attached Image (click to enlarge)
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  • #463,593
  • Aug 11, 2018 1:46pm Aug 11, 2018 1:46pm
Quoting Almo2312
Just made nice 2.7k profit from 300usd account from this down move . Thanks Gu. {image} {image}
is that instaforex broker?which kind of broker allows such size of lot in 300usd account ?
great outcome but will advice you do not try it again because we love you and your accout sir /
we lead other follow
  • #463,594
  • Aug 11, 2018 4:38pm Aug 11, 2018 4:38pm
Quoting Paybackfx
{quote} is that instaforex broker?which kind of broker allows such size of lot in 300usd account ? great outcome but will advice you do not try it again because we love you and your accout sir /
so funny...had to laugh for more than 5 minutes... you sound african though..are you?

catch you guys next week.
  • #463,595
  • Aug 12, 2018 5:46am Aug 12, 2018 5:46am
GBP Weighted Average Price Chart

Daily
Attached Image (click to enlarge)
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is she setting up to rally?
90% of people, are wrong about 90% of everything, 90% of the time...
  • #463,596
  • Aug 12, 2018 6:33am Aug 12, 2018 6:33am
Quoting theDHT
GBP Weighted Average Price Chart Daily {image} is she setting up to rally?
Not if you draw that lower channel line correctly.
Start the line from the lower point of that first candle instead of randomly a 3rd of the way up it , then see where it is positioned by the time it gets to the other end.
I think you will find it will be positioned ABOVE the body of Friday's candle, not below it. (ie. Channel break).
Come with me if you want to live....
  • #463,597
  • Aug 12, 2018 7:50am Aug 12, 2018 7:50am
Quoting Ill-b-back
{quote} Not if you draw that lower channel line correctly. Start the line from the lower point of that first candle instead of randomly a 3rd of the way up it , then see where it is positioned by the time it gets to the other end. I think you will find it will be positioned ABOVE the body of Friday's candle, not below it. (ie. Channel break).
in fact, i originally drew the channel on a weekly basis put posted the daily view.

One can argue that its a bearish flag waiting to break down, and this would be valid opinion

honestly, with everyone being super bearish on this currency (myself included), i was just trying to see how i may be wrong and avoid confirmation bias

Weekly
Attached Image (click to enlarge)
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edit: added fibonacci levels to the weekly, which adds even more credence to a bearish view, tho it may also rally a bit before reversing...
90% of people, are wrong about 90% of everything, 90% of the time...
  • #463,598
  • Aug 12, 2018 8:00am Aug 12, 2018 8:00am
Quoting theDHT
{quote} in fact, i originally drew the channel on a weekly basis put posted the daily view. One can argue that its a bearish flag waiting to break down, and this would be valid opinion honestly, with everyone being super bearish on this currency (myself included), i was just trying to see how i may be wrong and avoid confirmation bias Weekly {image} edit: added fibonacci levels to the weekly, which adds even more credence to a bearish view, tho it may also rally a bit before reversing...
especially when you view it in conjunction with this (after all, this is a cable thread)

USD Weighted Average Weekly
Attached Image (click to enlarge)
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Im not making any predictions, just sharing what i see
90% of people, are wrong about 90% of everything, 90% of the time...
  • #463,599
  • Aug 12, 2018 8:01am Aug 12, 2018 8:01am
Quoting theDHT
{quote} in fact, i originally drew the channel on a weekly basis put posted the daily view. One can argue that its a bearish flag waiting to break down, and this would be valid opinion honestly, with everyone being super bearish on this currency (myself included), i was just trying to see how i may be wrong and avoid confirmation bias Weekly {image} edit: added fibonacci levels to the weekly, which adds even more credence to a bearish view, tho it may also rally a bit before reversing...
Everyone super bearish?
Check out the FF 'trades' tab, 63 percent are bullish.
If you want to use channels/trendlines, Draw an accurate, thin monthly or weekly TL on GBPUSD starting from the lowest point and what do you see?
Personally, I doubt we will rally very far into 1.28 territory, assuming we even get to that price point at all.
Come with me if you want to live....
  • #463,600
  • Aug 12, 2018 8:09am Aug 12, 2018 8:09am
Quoting Ill-b-back
{quote} Everyone super bearish? Check out the FF 'trades' tab, 63 percent are bullish. If you want to use channels/trendlines, Draw an accurate, thin monthly or weekly TL on GBPUSD starting from the lowest point and what do you see? Personally, I doubt we will rally very far into 1.28 territory, assuming we even get to that price point at all.
I dont really look at the FF trades tab because its primarily comprised of retail traders

but to reiterate my point, I have been bearish on this pair (see my post here: https://www.forexfactory.com/showthr...9#post11329799)

I see the target levels on the downside

was really just trying to play devils advocate (with myself)
90% of people, are wrong about 90% of everything, 90% of the time...
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