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Cable Update (GBPUSD)

  • #490,601
  • Edited 1:43pm Aug 23, 2019 1:12pm | Edited 1:43pm
Quoting Han2019
{quote} I am a bit new to this so it is likely that I am wrong, but I am struggling to see a big fall and I would appreciate it if you guys can share more of your views? From the chart side, there are dismal downward volume, 1.228 level was tested twice and looks like it is ready to break, the next resistance is maybe the 1.234 level. From the fundamental side, US trade war with China just escalated, Trump is probably going to make an announcement on more tariffs after market close. Even though I do think the market were too optimistic on Merkel's...
as the purchases are because of the space that the price has had to walk ... the dollar price is stuck in triangle like / usd / jpy usd / chf usd / cad ... but there is a possibility that dxy will have the highest and then fall. it may be high impact news... I'm out.
  • #490,602
  • Aug 23, 2019 1:28pm Aug 23, 2019 1:28pm
the news of trump .. real was at R$ 4.06 went to R$ 4.11

the real is now worth $ 0.24
  • #490,603
  • Aug 23, 2019 1:43pm Aug 23, 2019 1:43pm
Quoting OnlineAddict
{quote} 2300+ will come...easy peasy. 2130 is not even an issue, when the bull run starts after current bottoming on daily. It will go up without stops.
Ok, 2287 was hit...I would recommend to close all longs at this point...not worth to wait for 13 pips. Target for shorts 2040+- and then long again, if the chart looks "right".
Everyone can see the chart, but only a few can actually read it.
  • #490,604
  • Aug 23, 2019 1:48pm Aug 23, 2019 1:48pm
On Monday price will go up, down and remain at the same location.

Have a great weekend all!!!
  • #490,605
  • Aug 23, 2019 1:49pm Aug 23, 2019 1:49pm
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Next is 50 ema on the day I would like to think that tl attraction
  • #490,606
  • Aug 23, 2019 1:54pm Aug 23, 2019 1:54pm
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mmmm might not be today
  • #490,607
  • Aug 23, 2019 1:57pm Aug 23, 2019 1:57pm
Quoting Georginson
This pair has given me many shocks this year and I do admit it has been hellish. The only key observation is that range of 1367 pips (1.3380 - 1.2013) is around the average yearly range which is usually followed by 330 pips reversal to target 1.2343 before resumption of its down slide to 1.17xx. So I do look to placing a buy from 1.2200 to target 1.2300. Then later go on a sell from 1.2300 to target 1.1800. Just my humble view and as always expect madness in this pair as nothing is definite with it. Stay green!!!
Spot on, now wait to sell from 1.2330 next week to target 1.1800. My stop loss will be set at 1.2430. I may be wrong but I do give it a short. Stay green!!!
Data + Stat + Risk/Emotions Management
  • #490,608
  • Aug 23, 2019 2:15pm Aug 23, 2019 2:15pm
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weekly .. 10 ema in blue also possible
  • #490,609
  • Aug 23, 2019 2:50pm Aug 23, 2019 2:50pm
Quoting Coreg2004
GU still has the room to go to the upside imo (1.2309-1.2323 standard W:C)... always trade your plan. {image} {image}
The minimum target for W:5 of W:C has been reached. If DX index will cooperate extended target possible...Sticking to the plan paid big...Have a great weekend everyone.
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Always trade your own plan...I don't provide trading signals.
  • #490,610
  • Aug 23, 2019 2:54pm Aug 23, 2019 2:54pm
Quoting mbrown
On Monday price will go up, down and remain at the same location. Have a great weekend all!!!
Yeah definitely monday gonna be a dojiiiiii
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #490,611
  • Aug 23, 2019 3:10pm Aug 23, 2019 3:10pm
Quoting Georginson
{quote} Spot on, now wait to sell from 1.2330 next week to target 1.1800. My stop loss will be set at 1.2430. I may be wrong but I do give it a short. Stay green!!!
The Main trend is still on downside only. Dudes staying on down trend don't need to worry about this pullback. The bottom is still not formed until the break above 1.2700. it's just a retracement. If daily candle settles below 1.2280 then monday it will break 1.2330 from there we can count on new lows on upcoming weeks.
Don't fight with market just chill.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #490,612
  • Aug 23, 2019 4:03pm Aug 23, 2019 4:03pm
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now really is that not game play minutes before close !!! So who did that ??? Who ??? And how much was put on the trade .. wtf
  • #490,613
  • Aug 23, 2019 4:06pm Aug 23, 2019 4:06pm
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so is it a buy on the open ??
  • #490,614
  • Aug 23, 2019 4:18pm Aug 23, 2019 4:18pm
Quoting elbert3
{image} so is it a buy on the open ??
No, GU down, EU slowly down, EG up. For next week.
Everyone can see the chart, but only a few can actually read it.
  • #490,615
  • Aug 23, 2019 4:22pm Aug 23, 2019 4:22pm
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Quoting OnlineAddict
{quote} No, GU down, EU slowly down, EG up. For next week.
Mom I might just disagree. With respect . Yes it is on that 2 nd day tl resistance. But will Sunday night open with s gap up and break the line ? It’s a bit messy but if your right it’s a long way down . Break the upper tl and confirm that old break . We shall see . Best regards E
  • #490,616
  • Aug 23, 2019 4:23pm Aug 23, 2019 4:23pm
Quoting OnlineAddict
{quote} No, GU down, EU slowly down, EG up. For next week.
Wouldn't the new tariff imposed on China push money away from USD and towards JPY and CHF, thus causing GU to gap higher on Monday open??
  • #490,617
  • Aug 23, 2019 4:26pm Aug 23, 2019 4:26pm
Quoting elbert3
{image}{quote} Mom I might just disagree. With respect . Yes it is on that 2 nd day tl resistance. But will Sunday night open with s gap up and break the line ? It’s a bit messy but if your right it’s a long way down . Break the upper tl and confirm that old break . We shall see . Best regards E
There will be a big ass gap up on EU probably, but a limited one on GU, so EG will spike up nicely. EU will slowly retrace down within the first days, as it always does with a gap like that and then might continue back up. But until then we should have a clear view how the chart looks like...I think when EU drops slowly, GU will drop double that, because 2040 needs to be hit, no way around that. Good night, son!
Everyone can see the chart, but only a few can actually read it.
  • #490,618
  • Aug 23, 2019 4:29pm Aug 23, 2019 4:29pm
Quoting OnlineAddict
{quote} No, GU down, EU slowly down, EG up. For next week.
Attached Image (click to enlarge)
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I have it as just broke the line !! False break ???
  • #490,619
  • Aug 23, 2019 4:31pm Aug 23, 2019 4:31pm
Quoting elbert3
{quote} {image} I have it as just broke the line !! False break ???
I see EU at 1210 and GU only at 2275, so EG spiked very nicely already, at 9135. 65 pips up. And my EJ trades 60 pips up, I hope it opens there.
Everyone can see the chart, but only a few can actually read it.
  • #490,620
  • Aug 23, 2019 4:31pm Aug 23, 2019 4:31pm
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Quoting OnlineAddict
{quote} There will be a big ass gap up on EU probably, but a limited one on GU, so EG will spike up nicely. EU will slowly retrace down within the first days, as it always does with a gap like that and then might continue back up. But until then we should have a clear view how the chart looks like...I think when EU drops slowly, GU will drop double that, because 2040 needs to be hit, no way around that. Good night, son!
I like that son part . That was on the 12th lol
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