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Cable Update (GBPUSD)

  • #489,901
  • Edited 1:03am Aug 19, 2019 12:20am | Edited 1:03am
For those interested here is another great set of indicators for scalping
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File Type: mq4 daily_open_line.mq4   2 KB | 224 downloads

Attached File(s)
File Type: ex4 DY-WK-MN-YR LINES.ex4   7 KB | 198 downloads

Attached File(s)
File Type: ex4 Fibo-Average-2B.ex4   12 KB | 213 downloads

Use your fibs for better levels
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EDIT AND WITH 2O BOLLINGER BANDS
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  • #489,902
  • Aug 19, 2019 12:23am Aug 19, 2019 12:23am
I believe that we will see a little drop today.
Waiting for lo
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yes yes yes
  • #489,903
  • Aug 19, 2019 1:05am Aug 19, 2019 1:05am
Asian session seems quietly pull the pair up, if this continues, doubt it could revisit the low before reaching 22xx
Though mr. President can tweet and market do flip

Quoting Moty
I believe that we will see a little drop today. Waiting for lo {image}
yakinaja.hajarblehh
  • #489,904
  • Aug 19, 2019 2:04am Aug 19, 2019 2:04am
2170 defend so well. Target bear 2080.
Then up then big down.
  • #489,905
  • Aug 19, 2019 2:06am Aug 19, 2019 2:06am
The drop is here
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yes yes yes
  • #489,906
  • Aug 19, 2019 2:13am Aug 19, 2019 2:13am
This is the ideal location for this week's long with SL 2 pips below today's low PT 2289. IMO.

H1 close below today's low signals more downside to 1990, SL 2 pip above today's high.
  • #489,907
  • Aug 19, 2019 2:15am Aug 19, 2019 2:15am
The gbp is toast (ed)
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yes yes yes
  • #489,908
  • Aug 19, 2019 2:16am Aug 19, 2019 2:16am
Clearly GU needs to trade above last friday's high of 2175 for there to be anymore upside today and trade above 2220 to invalidate the downward continuation...
I see 2120 as a good area to buy and price just hit 2128 but would have to see the right PA for me to buy at 2120
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Don't Leave Money on the Table
  • #489,909
  • Aug 19, 2019 2:19am Aug 19, 2019 2:19am
Are you ready ? ( For the second drop)
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yes yes yes
  • #489,910
  • Edited 3:40am Aug 19, 2019 2:20am | Edited 3:40am
.

Absolutely ZERO clear about more downside at this moment in time but a H1 close below 2129-27 sees me take a very small loss then flip to short.
  • #489,911
  • Aug 19, 2019 2:27am Aug 19, 2019 2:27am
Looks like a spike to me, buying GBP on CHF, EUR, and USD. Will wait to see for more adds if goes to BE to TP1.
  • #489,912
  • Aug 19, 2019 2:29am Aug 19, 2019 2:29am
bought some around the pivot point just under 1.2129, got my stop at be now
MTF PA with indicators = a winning team
  • #489,913
  • Aug 19, 2019 2:35am Aug 19, 2019 2:35am
Move SL to 2140, +30 pips now
  • #489,914
  • Aug 19, 2019 2:48am Aug 19, 2019 2:48am
down for the retest
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Come with me if you want to live....
  • #489,915
  • Aug 19, 2019 2:52am Aug 19, 2019 2:52am
should retrace close to 2150 then down again.
Intraday only.
  • #489,916
  • Aug 19, 2019 2:52am Aug 19, 2019 2:52am
no more retracements.
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Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #489,917
  • Aug 19, 2019 2:54am Aug 19, 2019 2:54am
Inserted Video
  • #489,918
  • Edited 3:13am Aug 19, 2019 3:01am | Edited 3:13am
Quoting Ill-b-back
down for the retest {image}
Agreed!

It has already happened! Note the sliding parallel line. If the sliding parallels are ignored, the entire pitchfork is invalidated.
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  • #489,919
  • Aug 19, 2019 3:06am Aug 19, 2019 3:06am
Quoting navk
should retrace close to 2150 then down again.
I get the fact that we will most likely retrace up from here but why 2150 as target ? and why down again afterwards (although that would probably fit in with your bigger picture view of things ...)
MTF PA with indicators = a winning team
  • #489,920
  • Aug 19, 2019 3:07am Aug 19, 2019 3:07am
The loc strategy give a big and nice target, 40 pips
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yes yes yes
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