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Cable Update (GBPUSD)

  • #487,701
  • Jul 30, 2019 1:16am Jul 30, 2019 1:16am
Imminent Reversal Possible...

Please see chart below

Bought @ 1.21320

Moved stops to Breakeven Already...

Risk Free Trade
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-fx-glory-group.png Size: 38 KB
  • #487,702
  • Jul 30, 2019 1:17am Jul 30, 2019 1:17am
I'm long from 1.2147. Risky trade but SL to BE now
EDIT: Went short as soon as I got stoped out
  • #487,703
  • Jul 30, 2019 1:24am Jul 30, 2019 1:24am
Quoting abasiakara
For some strange reason my fingers are glued to the buy button: buy at 1.2123, 1.2130, 1.2161. Is it so difficult to sell?
One more added at 1.2150
  • #487,704
  • Jul 30, 2019 1:24am Jul 30, 2019 1:24am
Quoting mbrown
{quote} I woke up and price was 2166, open MT4 and it was 2140, switched on 1-click and it was 2130 and starting to liquidate and it was lower. Not a great week for me! Shit happens!
Don’t worry lots of trades to take . As posted before about the 2 nd post on this thread .. it’s a hard psychological time as when the pound was up at 2.000 if you read the early posts traders were pulling their hair out . As I mentioned in my post to kpmg that same friends brother told us that the pound would hit 2.000 and it was about 1.800 at the time but I was not trading st that time and we were in Brazil looking to buy a house and it was 5 real because of it ,,, but never bought
  • #487,705
  • Jul 30, 2019 1:25am Jul 30, 2019 1:25am
Just watch GU, already long on EU TP 1.12100.
  • #487,706
  • Jul 30, 2019 1:27am Jul 30, 2019 1:27am
what happen suddenly it start break limits ! so to look now above breaks 1170 to signal further for 1178 & 2211 limit. lets see how it works .
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 25 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #487,707
  • Jul 30, 2019 1:34am Jul 30, 2019 1:34am
Retrace for another short .. buy call at 1.2030
  • #487,708
  • Jul 30, 2019 1:35am Jul 30, 2019 1:35am
Emergency Pitchforks deployed. Time to get serious and rip those pips!!!!
  • #487,709
  • Jul 30, 2019 1:41am Jul 30, 2019 1:41am
Cable has dropped more in one day than it does in a week! lowest ever on cable was reached at 1.0420 on February 26, 1985. Can we see this level again? On the momentum I'm see yes, but I don't know. At the moment I see short term momentum that I think is just a retrace. It is very hard to be bullish on this pair. I think this is going to keep going down or chop city all day!!!!
Don't trade what you think. Just what you see!!!
  • #487,710
  • Jul 30, 2019 1:41am Jul 30, 2019 1:41am
Quoting mbrown
Emergency Pitchforks deployed. Time to get serious and rip those pips!!!!
targeting 2122.

=======================================

There is nothing like a little drawdown to concentrate the mind of a lazy trader!!!
Attached Image (click to enlarge)
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  • #487,711
  • Jul 30, 2019 1:47am Jul 30, 2019 1:47am
likely new reality for the pound (weekly) is parity.
will take time, but looks like the path of least resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
  • #487,712
  • Jul 30, 2019 1:57am Jul 30, 2019 1:57am
Quoting Theoak
Cable has dropped more in one day than it does in a week! lowest ever on cable was reached at 1.0420 on February 26, 1985. Can we see this level again? On the momentum I'm see yes, but I don't know. At the moment I see short term momentum that I think is just a retrace. It is very hard to be bullish on this pair. I think this is going to keep going down or chop city all day!!!!
Against my better judgement - I've go long in at 1.2155 Target 25 pips

Hoping London open will give it a little kick, but no way am I bullish on this pair!!!
Don't trade what you think. Just what you see!!!
  • #487,713
  • Jul 30, 2019 2:04am Jul 30, 2019 2:04am
Quoting asgcorp
likely new reality for the pound (weekly) is parity. will take time, but looks like the path of least resistance. {image}
1.1 first same as eu now
  • #487,714
  • Jul 30, 2019 2:06am Jul 30, 2019 2:06am
I will try trade long from 1.2140/20/00 with TP 1.2420 with SL 1.2050 (will try to grid or smth like that). If GBP/USD reach 1.2050, I will end trading GBP/USD till Brexit. There is better pairs where is possible to trade without so huge drama each month. Trade green!
  • #487,715
  • Jul 30, 2019 2:11am Jul 30, 2019 2:11am
Quoting Dream_trader
I will end trading GBP/USD till Brexit. Trade green!
I agreed with you Sir
  • #487,716
  • Jul 30, 2019 2:15am Jul 30, 2019 2:15am
Weekly s3 holding for now
Attached Image (click to enlarge)
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Allready in with demo account
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yes yes yes
  • #487,717
  • Jul 30, 2019 2:24am Jul 30, 2019 2:24am
wauu cable little wake up after all
  • #487,718
  • Jul 30, 2019 2:38am Jul 30, 2019 2:38am
Quoting Theoak
{quote} Against my better judgement - I've go long in at 1.2155 Target 25 pips Hoping London open will give it a little kick, but no way am I bullish on this pair!!!
Bingo - 25 pips

Never try and row your boat against the flooding river... You'll get smashed to bits. Unless your name is THEOAK

I think this will go back down. get out before it does!! Only my view!!!
Don't trade what you think. Just what you see!!!
  • #487,719
  • Jul 30, 2019 2:57am Jul 30, 2019 2:57am
Resistance awaits at 1.2225 which is the daily high. It is followed by 1.2305 which served as resistance in early 2017 and then by 1.2380 (Friday's low)
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #487,720
  • Jul 30, 2019 3:22am Jul 30, 2019 3:22am
15m
Attached Image (click to enlarge)
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yes yes yes
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