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Cable Update (GBPUSD)

  • #485,981
  • Jul 20, 2019 9:08am Jul 20, 2019 9:08am
Quoting Marcieny
{quote} I'm going to get into that bullish move ... If the price has reached support does not go down, I'll leave one or two positions for a long, and go scalper doing too, if the price movements show fall I close the long positions.
i am off on Monday.
Intraday only.
  • #485,982
  • Jul 20, 2019 9:13am Jul 20, 2019 9:13am
Quoting navk
{quote} i am off on Monday.
You said you were traveling, I'm going to start on Monday, it's going to be interesting this week.
  • #485,983
  • Jul 20, 2019 9:16am Jul 20, 2019 9:16am
usdx situation :
breaks 96.44 but but not enough correction as likely below 96.14 to bull try in comfort , rather it bounce just below 96.44 and ranges top to a bullish attitude . present leg have a rejection from top and may correct below 96.60/96.28 or even below 96.14 to move up . anyway this down leg should be risky as intention remain bull & if breaks & hold 97 then 97.59 to 98 move possible this time. will be careful as already entered big ranges & burst bigger also possible.take care
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #485,984
  • Jul 20, 2019 10:00am Jul 20, 2019 10:00am
Quoting blackjacker
1.2740 is major, in June I thought will break, out of so many attempts and go to 1.2890 at least, which is 23.6 retrace from 1.4376 but it didnt. Actually it went to test below 1.24 and was quickly rejected as it remained in the downside channel. The move in the channel might continue but at at the same is on top of major support, so depending on the next week moves there are a few levels to look for. On the downside very important are 1.2380 and 1.2230, on the upside 1.26, 1.2740, 1.2890. Inbetween 1.2230 and 1.2380 some important levels might...
I agree with you are good supporters ... maybe I should just stay on the scalper this week.
a better price. Itīs good.
  • #485,985
  • Jul 20, 2019 10:31am Jul 20, 2019 10:31am
Quoting Marcieny
{quote} I agree with you are good supporters ... maybe I should just stay on the scalper this week. a better price. Itīs good.
Thank you
I think next week there will be plenty of speculations in the media which will give incentives to bulls and bears to initiate spike massacres and take tight stop losses. But will have to see, dont know how it's going to develop.
  • #485,986
  • Jul 20, 2019 11:31am Jul 20, 2019 11:31am
Quoting blackjacker
1.2740 is major, in June I thought will break, out of so many attempts and go to 1.2890 at least, which is 23.6 retrace from 1.4376 but it didnt. Actually it went to test below 1.24 and was quickly rejected as it remained in the downside channel. The move in the channel might continue but at at the same is on top of major support, so depending on the next week moves there are a few levels to look for. On the downside very important are 1.2380 and 1.2230, on the upside 1.26, 1.2740, 1.2890. Inbetween 1.2230 and 1.2380 some important levels might...
Your trend lines are convincing.. I don't see any spikes in the North from there.. mild volatility around Mon or Tuesday.. Cable should continue to go down..

PS: Trend is your friend.
Meditate -> Workout -> Good Food = Good Life!
  • #485,987
  • Jul 20, 2019 11:38am Jul 20, 2019 11:38am
Inserted Video
not euphoria follower
  • #485,988
  • Jul 20, 2019 1:11pm Jul 20, 2019 1:11pm
Quoting YellowFellow
{quote} Your trend lines are convincing.. I don't see any spikes in the North from there.. mild volatility around Mon or Tuesday.. Cable should continue to go down.. PS: Trend is your friend.
Instead I ve been buying for more than a month. First session ended with SL hit at 1.2630 with 38 pips locked profit. Currently am at 1.2510 but swaps will be added so am close to BE looking for 1.31 at least.
  • #485,989
  • Jul 20, 2019 1:18pm Jul 20, 2019 1:18pm
Quoting venividivici
Alot of bull holders will get taken out when the market opens again due to huge gap south thanks to iran news over the weekend.
[quoteJust don't tell Wave Garry about that, he might get upset][/quote]
I am flabbergasted by the "will" Guys, The market will, price will move up, price will move down, there will be a gap up or down. I have been around long enough to know that nothing is certain in forex and most cock sure predictions are hog wash. Asgcorp I am sad to see a highly ranking and respected person like you telling me I might get upset if the market gaps down on me. It makes no difference to me and to be honest it is part of business. I don't get upset, I regroup and execute. Also, how many Gaps have you seen in Gu in the last couple of years?. It is crazy to make predictions like this.

I hope you will reconsider your stance towards me. I am humble and placid and don't like to prove a point. In that case I rather move into dormancy.
Take care.
Trade to trade another day
  • #485,990
  • Jul 20, 2019 1:32pm Jul 20, 2019 1:32pm
Quoting Wavegarrick
{quote} I am flabbergasted by the "will" Guys, The market will, price will move up, price will move down, there will be a gap up or down. I have been around long enough to know that nothing is certain in forex and most cock sure predictions are hog wash. Asgcorp I am sad to see a highly ranking and respected person like you telling me I might get upset if the market gaps down on me. It makes no difference to me and to be honest it is part of business. I don't get upset, I regroup and execute. Also, how many Gaps have you seen in Gu in the last couple...
I'm also amazed by so many certainties, I wonder what these people do here since they do not need a discussion chatter because of absolute certainties.

Wavegarrick.... I appreciate your patience and humility
  • #485,991
  • Jul 20, 2019 1:38pm Jul 20, 2019 1:38pm
Quoting Marcieny
{quote} I'm also amazed by so many certainties, I wonder what these people do here since they do not need a discussion chatter because of absolute certainties. Wavegarrick.... I appreciate your patience and humility
You'll see. Once there is volatility rise there will be mass extinction of gurus. I ve seen it over and over again.
  • #485,992
  • Jul 20, 2019 1:56pm Jul 20, 2019 1:56pm
Quoting Wavegarrick
{quote} I am flabbergasted by the "will" Guys, The market will, price will move up, price will move down, there will be a gap up or down. I have been around long enough to know that nothing is certain in forex and most cock sure predictions are hog wash. Asgcorp I am sad to see a highly ranking and respected person like you telling me I might get upset if the market gaps down on me. It makes no difference to me and to be honest it is part of business. I don't get upset, I regroup and execute. Also, how many Gaps have you seen in Gu in the last couple...
Not sure why you quoted me into this issue, asgcorp called you out and used my quote to do so, not me.
  • #485,993
  • Edited 3:33pm Jul 20, 2019 3:00pm | Edited 3:33pm
Quoting Wavegarrick
{quote} I am flabbergasted by the "will" Guys, The market will, price will move up, price will move down, there will be a gap up or down. I have been around long enough to know that nothing is certain in forex and most cock sure predictions are hog wash. Asgcorp I am sad to see a highly ranking and respected person like you telling me I might get upset if the market gaps down on me. It makes no difference to me and to be honest it is part of business. I don't get upset, I regroup and execute. Also, how many Gaps have you seen in Gu in the last couple...

I get why Asgcorp p*ssed you off; your long load is quite light and you are deep in the green pips with open longs!!! Plus it is your capital and free-will!


Not guilty!!! However, going into next week I'll have the scenario below at the forefront of my mind. If it's wrong, it is wrong...we have stop-losses for that.

Quoting mbrown
{quote} Nice! for next week, I have the price touching the 2455-2573 low range followed by 2564 then a test of 2613. We'll see!!!
================================================================================================


Quoting Marcieny
{quote} I'm also amazed by so many certainties, I wonder what these people do here since they do not need a discussion chatter because of absolute certainties.
Quoting blackjacker
{quote} You'll see. Once there is volatility rise there will be mass extinction of gurus. I ve seen it over and over again.

Some traders require a sense of absolute certainty before they can place the trade, I have a good friend who is ALL it will do this and it will do that but she has been in the game so long so as soon as she recognizes she is wrong her positions are liquidated immediately or flipped at a drop of a hat. She makes an absolute fortune and trades size. It is part of her psychological game to have a sense of absolute certainty with a tight stop-loss and the flexibility to close out if things aren't going her way. I respect that, I certainly do not read too much into it when she uses "it will" but why would I? It is her psychology, her choice, her money, her life, her Bentley and her Mansions.

Why, oh why does it even bother other traders when some traders use it will or have unwavering certainty? These traders are not using your money; they have the right to make calls in whichever way they want to and they have the right to do this on a public internet forex forum like FF whether they call for open discussion or not. I do not get why traders are obsessed with commenting about other traders who are going about THEIR business using THEIR free will and using THEIR capital. It is a mystery to me; surely one's time would be better spent focusing on one's own trading, one's own edge and not busy-bodying about what the next trader is doing.
  • #485,994
  • Jul 20, 2019 3:12pm Jul 20, 2019 3:12pm
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  • #485,995
  • Jul 20, 2019 3:30pm Jul 20, 2019 3:30pm
Quoting kette
{image} {image}

Yes, I also have this scenario in mind for next week!!! Long live the market profile!!!
  • #485,996
  • Jul 20, 2019 3:36pm Jul 20, 2019 3:36pm
Quoting mbrown
{quote} Yes, I also have this scenario in mind for next week!!! Long live the market profile!!!

old rule the market is coming back to high volume
  • #485,997
  • Jul 20, 2019 3:37pm Jul 20, 2019 3:37pm
Quoting kette
{quote} old rule the market is coming back to high volume
Yep...on the M1, M5, M15, M30 etc. The same thing for all time frames most days of the week.
  • #485,998
  • Jul 20, 2019 3:43pm Jul 20, 2019 3:43pm
Quoting mbrown
{quote} Yep...on the M1, M5, M15, M30 etc. The same thing for all time frames most days of the week.
yes, that's right until the balance breaks
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  • #485,999
  • Jul 20, 2019 3:45pm Jul 20, 2019 3:45pm
Quoting kette
{quote} yes, that's right until the balance breaks {image}
But even after the balance breaks it usually heads for historic volume. Fractal volume M1, M5, M15 etc.
  • #486,000
  • Jul 20, 2019 3:48pm Jul 20, 2019 3:48pm
yes, but wait
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