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Cable Update (GBPUSD)

  • #488,461
  • Edited 1:27pm Aug 6, 2019 12:15pm | Edited 1:27pm
long in at 1.2156 target 30 pips
out +6.6 pips
Don't trade what you think. Just what you see!!!
  • #488,462
  • Aug 6, 2019 12:26pm Aug 6, 2019 12:26pm
Quoting Theoak
long in at 1.2156 target 30 pips
After 1st target 2135, 2nd goes to 2119. Risky but ok around hahvng correction chance 2166 ok, but more risky. Take care
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #488,463
  • Aug 6, 2019 12:28pm Aug 6, 2019 12:28pm
Quoting fontu
{quote} After 1st target 2135, 2nd goes to 2119. Risky but ok around hahvng correction chance 2166 ok, but more risky. Take care
I've gone long
Don't trade what you think. Just what you see!!!
  • #488,464
  • Aug 6, 2019 12:30pm Aug 6, 2019 12:30pm
Quoting Aaafx-trader
Still thinking Long GBP is a great trade & worth the risk ... the shorter timeframes are showing weak buying though! For a target of 1.25, its worth the risk to hide the stop below 1.209 though... Follow at your own risk.
the house of commons is on a break so almost no bad news atm, as soon as they come back, gbp moving downwards again.
KEK
  • #488,465
  • Aug 6, 2019 12:35pm Aug 6, 2019 12:35pm
Triangle still in play Folks I'm short for now target 1.20 if your trading this you may have better chances targeting each trendline,
Rememeber we always "expect" triangles to break in the direction of the trend in this case to the bears more confluence we've got the 1.20 quarter point close to us which would make sense for price to test
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  • #488,466
  • Aug 6, 2019 12:42pm Aug 6, 2019 12:42pm
Quoting impunctual20
{quote} the house of commons is on a break so almost no bad news atm, as soon as they come back, gbp moving downwards again.
Yeah, a political outcome can be a b*tch! If you can afford the risk, a swing could be 300 - 400 pips in one day!
Keep in mind that 1.209 is a very strong support, if it holds ... Up, Up we go!
The easist target will be 1.25 and before December we gonna touch 1.30, if not 1.36
  • #488,467
  • Aug 6, 2019 12:44pm Aug 6, 2019 12:44pm
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yes yes yes
  • #488,468
  • Aug 6, 2019 1:34pm Aug 6, 2019 1:34pm
Quoting Aaafx-trader
{quote} Yeah, a political outcome can be a b*tch! If you can afford the risk, a swing could be 300 - 400 pips in one day! Keep in mind that 1.209 is a very strong support, if it holds ... Up, Up we go! The easist target will be 1.25 and before December we gonna touch 1.30, if not 1.36

This all seems plausible, and will happily start buying when its time but there's this one big thing called Brexit just blocking or slowing any movements the bulls make.
KEK
  • #488,469
  • Aug 6, 2019 1:37pm Aug 6, 2019 1:37pm
Good insight, yes. 1950//2000 holds the key. If it's broken, this leads to 1.10. If bulls provide strong defense
and fundies line-up - strong recovery is possible. Have to keep an open mind.
  • #488,470
  • Aug 6, 2019 1:47pm Aug 6, 2019 1:47pm
Quoting impunctual20
{quote} This all seems plausible, and will happily start buying when its time but there's this one big thing called Brexit just blocking or slowing any movements the bulls make.
If politicians had the guts to do, we wouldn't be here to start with!
Since 2008, i have seen the same standoff many times to remember.
Brexit will become so meaningless, that if it happens ... markets won't give two sh*ts
The risk reward favors buying ... you pay very little if wrong, but gains 7 times the risk
  • #488,471
  • Aug 6, 2019 2:02pm Aug 6, 2019 2:02pm
Quoting asgcorp
Good insight, yes. 1950//2000 holds the key. If it's broken, this leads to 1.10. If bulls provide strong defense and fundies line-up - strong recovery is possible. Have to keep an open mind.
very much brexit driven , historic moment for the pound

if in the fall a hard brexit won't be dodged , 1.10 could come easily in sight
  • #488,472
  • Aug 6, 2019 4:20pm Aug 6, 2019 4:20pm
Quoting Moty
{image}{image}
On H1, what i see, it will go down. Be careful.
  • #488,473
  • Aug 6, 2019 6:20pm Aug 6, 2019 6:20pm
I will be on bull side if 1.22150 break.
  • #488,474
  • Aug 6, 2019 7:08pm Aug 6, 2019 7:08pm
nice trades in just 10 minutes.

Did not know there is NZD news.

But purely based on PA I took long trades in EA and then this spike.

Rest is history.

closed all.
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Intraday only.
  • #488,475
  • Aug 6, 2019 7:37pm Aug 6, 2019 7:37pm
Quoting navk
nice trades in just 10 minutes. Did not know there is NZD news. But purely based on PA I took long trades in EA and then this spike. Rest is history. closed all. {image}
  • #488,476
  • Aug 6, 2019 8:06pm Aug 6, 2019 8:06pm
Quoting Aaafx-trader
{quote} If politicians had the guts to do, we wouldn't be here to start with! Since 2008, i have seen the same standoff many times to remember. Brexit will become so meaningless, that if it happens ... markets won't give two sh*ts The risk reward favors buying ... you pay very little if wrong, but gains 7 times the risk
you have to look at expectancy, not just risk reward.
  • #488,477
  • Aug 6, 2019 8:47pm Aug 6, 2019 8:47pm
Attached Image (click to enlarge)
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yes yes yes
  • #488,478
  • Aug 6, 2019 8:51pm Aug 6, 2019 8:51pm
Quoting Moty
{image}
open order like machine gun moty ?
Not losing money is almost good as making money
  • #488,479
  • Aug 6, 2019 8:52pm Aug 6, 2019 8:52pm
Looks like a bear flag on H4
ex nihilo
  • #488,480
  • Aug 6, 2019 9:19pm Aug 6, 2019 9:19pm
Quoting rahadian1
{quote} open order like machine gun moty ?

And why didnt close when it was on the sky.
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