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Cable Update (GBPUSD)

  • #464,841
  • Sep 13, 2018 8:46am Sep 13, 2018 8:46am
love this market ....
dont understand why people short this when its going up...
  • #464,842
  • Sep 13, 2018 8:49am Sep 13, 2018 8:49am
Quoting squidster85
love this market .... dont understand why people short this when its going up...
I dont understand how people here can say if it closes above this candle or that candle it will go up.
That is not how big banks or professional traders trade? For each trade as the market plays out there is a probability its not a fictitious number its a number based on probability. If the current candle closes above x candle there is a probability of x% that the market will go even higher. If you are just basing it on gut feeling and other patterns it is all guessing. Thats my opinion.
  • #464,843
  • Sep 13, 2018 8:50am Sep 13, 2018 8:50am
Quoting Trade-G
{quote} Wow 50pips SL are you expecting a big swing down?
This month is exceptional because of fundies. But most of my normal lots’ SLs are around 30 pips.

ECB done. GU rates done. FOMC and FED rates next. It’s gonna be fun.

Quoting thir13enth
3100 has to be broken smoothly before we see 3150. I'm careful on shorting this atm as 4H TLs are broken. However, PA seems to be targeting more on 2940, 2910, and 2875 levels rather than 3100. 3200, I'll join the bulls.
3150-3200 no trading for me so this is the last short if SL’ed.
  • #464,844
  • Sep 13, 2018 8:52am Sep 13, 2018 8:52am
Quoting thir13enth
{quote} This month is exceptional because of fundies. But most of my normal lots’ SLs are around 30 pips. ECB done. GU rates done. FOMC and FED rates next. It’s gonna be fun. {quote} 3150-3200 no trading for me so this is the last short if SL’ed.
Ok respect your trading method and rules
  • #464,845
  • Sep 13, 2018 8:53am Sep 13, 2018 8:53am
Quoting squidster85
{quote} I dont understand how people here can say if it closes above this candle or that candle it will go up. That is not how big banks or professional traders trade? For each trade as the market plays out there is a probability its not a fictitious number its a number based on probability. If the current candle closes above x candle there is a probability of x% that the market will go even higher. If you are just basing it on gut feeling and other patterns it is all guessing. Thats my opinion.
You may have the best of intention, but rubbing salt to wound is not nice. Be nice .... but traders need to be emotionless though
  • #464,846
  • Edited 11:35pm Sep 13, 2018 9:04am | Edited 11:35pm
Quoting squidster85
{quote} I dont understand how people here can say if it closes above this candle or that candle it will go up. That is not how big banks or professional traders trade? For each trade as the market plays out there is a probability its not a fictitious number its a number based on probability. If the current candle closes above x candle there is a probability of x% that the market will go even higher. If you are just basing it on gut feeling and other patterns it is all guessing. Thats my opinion.

In this particular case, I think, it will be based on a fib number; but who knows? It's now at 138,2%; it could go to 150% or 161,8%, or in between 150% and 161,8%? Or to R2
Edit: Today daily high to low was 100pips and yesterday daily high to low was 100 pips; this happens about 5% to 10% of the time and seem to come in batches.
  • #464,847
  • Sep 13, 2018 9:05am Sep 13, 2018 9:05am
Quoting Trade-G
{quote} You may have the best of intention, but rubbing salt to wound is not nice. Be nice .... but traders need to be emotionless though
agreed. But sometimes it's a painful lesson that teaches you. All I am saying is that do not "guess". That's all. No one here has an idea where the markets will go. If someone does they are lying.
  • #464,848
  • Sep 13, 2018 9:06am Sep 13, 2018 9:06am
1.315 or higher a little should be reaching top. Short tp1 1.279 tp2 1.25 ..
  • #464,849
  • Sep 13, 2018 9:06am Sep 13, 2018 9:06am
Any idea wil gbp/jpy or gbp/usd will go down again?
  • #464,850
  • Sep 13, 2018 9:06am Sep 13, 2018 9:06am
Quoting squidster85
love this market .... dont understand why people short this when its going up...
TF dependent
The swing which caused the lowest low hasn't been broke so technically still expecting a new lower low after a lower high unless 1.3210 is broke. (DAILY TF)
The box you see here is considered noise in a uptrend, structure analysis on downtrend on GU still shows bearish bias
For me I am now in my short area ive been waiting for price to get here.
Attached Image (click to enlarge)
Click to Enlarge Name: Noise.png Size: 9 KB
  • #464,851
  • Sep 13, 2018 9:09am Sep 13, 2018 9:09am
Quoting squidster85
{quote} agreed. But sometimes it's a painful lesson that teaches you. All I am saying is that do not "guess". That's all. No one here has an idea where the markets will go. If someone does they are lying.
Understand where you are coming from....
  • #464,852
  • Sep 13, 2018 9:19am Sep 13, 2018 9:19am
Still no signs of turning as yet... a could be potential one in the making
  • #464,853
  • Sep 13, 2018 9:22am Sep 13, 2018 9:22am
Quoting Trade-G
{quote} Local coffee, you should try
love too bro️
usually local coffee is the best
just for a cup of coffee...
  • #464,854
  • Sep 13, 2018 9:32am Sep 13, 2018 9:32am
Quoting akim0895
{quote} love too bro️ usually local coffee is the best
We should have some coffee someday... scalp shorts closed, it may have teeth for more downside.... good night all...
  • #464,855
  • Sep 13, 2018 9:33am Sep 13, 2018 9:33am
Quoting squidster85
{quote} agreed. But sometimes it's a painful lesson that teaches you. All I am saying is that do not "guess". That's all. No one here has an idea where the markets will go. If someone does they are lying.
To each his own, if they’re profitable doing such methods why do you care anyways. Lol, just respect what you see and keep the criticisms on yourself. Unless you have the need to educate them, post with charts and very informative targets.

Quoting Neil0163
{quote} TF dependent The swing which caused the lowest low hasn't been broke so technically still expecting a new lower low after a lower high unless 1.3210 is broke. (DAILY TF) The box you see here is considered noise in a uptrend, structure analysis on downtrend on GU still shows bearish bias For me I am now in my short area ive been waiting for price to get here. {image}
It’s rare to see red diamonds post so simple and easy to understand charts.
  • #464,856
  • Sep 13, 2018 9:36am Sep 13, 2018 9:36am
Quoting Trade-G
{quote} We should have some coffee someday... scalp shorts closed, it may have teeth for more downside.... good night all...
Happy pips for shorts... seeya tomorrow
  • #464,857
  • Sep 13, 2018 9:36am Sep 13, 2018 9:36am
Quoting Trade-G
{quote} We should have some coffee someday... scalp shorts closed, it may have teeth for more downside.... good night all...
yaa mate️
just for a cup of coffee...
  • #464,858
  • Sep 13, 2018 1:55pm Sep 13, 2018 1:55pm
now @ 1.3110
not something to indicate a drop by it could go on silent mode ...
  • #464,859
  • Sep 13, 2018 7:50pm Sep 13, 2018 7:50pm
All looks perfectly normal to me??
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB
  • #464,860
  • Sep 13, 2018 10:17pm Sep 13, 2018 10:17pm
This pair looks increasingly like it wants to reclaim 1.4370+ and say "to hell with weekly resistance and TL".

Let's see how this week closes.
Come with me if you want to live....
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