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Cable Update (GBPUSD)

  • #490,641
  • Edited 11:15pm Aug 23, 2019 11:04pm | Edited 11:15pm
Quoting navk
No. Today's long call was mine. Moti benefited.
You're right my friend .
Although I was in the opinion that Long should come, I waited for 1.21700-900 ( daily low was 1.21930 ).
It could be a situation I could stay in short and wait for the 50% retracement and then all of a sudden it would flip over me and I would slowly burn out.
You could say you saved my account yesterday, and more than that, youhelp me earned money .
yes yes yes
  • #490,642
  • Aug 23, 2019 11:09pm Aug 23, 2019 11:09pm
Quoting Never
I smell huge rejection of the down trend {image}
Rejection hit in down trend line if cross it 25500 is the next target maybe G7 meetings will workout
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  • #490,643
  • Aug 23, 2019 11:59pm Aug 23, 2019 11:59pm
Quoting Moty
{quote} You're right my friend . Although I was in the opinion that Long should come, I waited for 1.21700-900 ( daily low was 1.21930 ). It could be a situation I could stay in short and wait for the 50% retracement and then all of a sudden it would flip over me and I would slowly burn out. You could say you saved my account yesterday, and more than that, youhelp me earned money .
Good to hear. .
And so you should share 50 % of whatever you earned yesterday.

I think you earned around 800 $ yesterday alone.

Money is yours, brain is mine.( at least yesterday )

My account number is below.

Please transfer 400 $ to my account.

NAVK,
TD bank account no : 00000000011122233
Toronto, Canada. Postal code : M1B 0A9.
Transfer code : xxxyyyzz.


thanks.

Intraday only.
  • #490,644
  • Aug 24, 2019 12:28am Aug 24, 2019 12:28am
No problem mate, so just pass me $ 2800 which is half the losses, partner or not?
Lol in short I did not earn $ 800, I only earned 385$ yesterday and worse then that I am in an unnecessary $ 300 losing position.
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It's even worse, not only did I take the wrong position, at least I would if I put the Profit Take on Fibo 50 and not 1.21414
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yes yes yes
  • #490,645
  • Aug 24, 2019 12:39am Aug 24, 2019 12:39am
in the past i upload a a weekly chart and noted that support and ressistence sometimes cause strong reactions, as you also can see support 1.21080 caused a move of almost 300 pips up after a false break.
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Touching the upper band in a downtrend usually cause a correction to a middle band or even the lower one ,for correction or in general for a return to a downtrend move
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gu h1
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eg d1
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yes yes yes
  • #490,646
  • Aug 24, 2019 12:43am Aug 24, 2019 12:43am
look at the short triggered in GU yesterday.

Then the long triggered yesterday.

Just in 1 min chart.
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Intraday only.
  • #490,647
  • Aug 24, 2019 12:51am Aug 24, 2019 12:51am
Quoting Moty
No problem mate, so just pass me $ 2800 which is half the losses, partner or not? Lol in short I did not earn $ 800, I only earned 385$ yesterday and worse then that I am in an unnecessary $ 300 losing position. {image} It's even worse, not only did I take the wrong position, at least I would if I put the Profit Take on Fibo 50 and not 1.21414{image}
The floating loss, 300 $ you say... it is due to 2 reasons.

You have some MA to show trend ..fine. It says long.

You went short in some places.. why? Trend is long, why short position ? Yes you can short a position only you see a strong resistance upside... Taking adhoc trades will not help in long run.
Intraday only.
  • #490,648
  • Edited 1:32am Aug 24, 2019 1:17am | Edited 1:32am
Quoting navk
{quote} The floating loss, 300 $ you say... it is due to 2 reasons. You have some MA to show trend ..fine. It says long. You went short in some places.. why? Trend is long, why short position ? Yes you can short a position only you see a strong resistance upside... Taking adhoc trades will not help in long run.
this is me , for bad and the worst .
lucky for me i avoided this situation last week .
if i just put a resnabble tp , it all look diffrent now .
either way i will have more then 1000 $ in my account and withdraw 500$
i belive that i can get out with 150-200 loss only at sunday midnight .
the problam with me , that i only aim for 50-100 dollar for a day , but when i earn big , i get crazy
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yes yes yes
  • #490,649
  • Edited 3:51am Aug 24, 2019 1:34am | Edited 3:51am
Quoting Moty
{quote} tjis is me , for bad and the worst . lucky for me i avoided this situation last week . i belive that i can get out with 150-200 loss only at sunday midnight . the problam with me , that i only aim for 50-100 dollar for a day , but when i earn big , i get crazy
consistent winning on daily basis is more important than the amount you earn.

For long time now, I never lost on daily basis but for last Thursday when I made a loss of 199 $ .

For me it is like this last week :

Monday + ++
Tuesday + ++
Wednesday +++
Thursday : Negative
Friday : +++

Net week result : ++++

Due to Thursday loss, My weekly result is is not impressive as otherwise, every week and every day I was consistent.

First step is not to loose on daily basis, second step is to improve profit amount.

The thing is if you make loss on any day, it erodes the profits you already made and as well as you loose the opportunity to make profit on that day. so consistency is more important.
Intraday only.
  • #490,650
  • Aug 24, 2019 1:47am Aug 24, 2019 1:47am
Quoting Ill-b-back
{quote} Happy birthday "old fart"...
  • #490,651
  • Aug 24, 2019 3:51am Aug 24, 2019 3:51am
Quoting navk
{quote} today's high 2280. That s all. Monday might push, not today.
right , market not just clear the option as usual for all weekend, and ready for Monday chops as one 5th extension up for limit and down till signal 2173 not broken & stay broken . Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #490,652
  • Aug 24, 2019 4:26am Aug 24, 2019 4:26am
Quoting Marcieny
{quote} Sure Dear.. . good to know your name is Daniel .. I have a cousin by that name.
Hey Marci, Mr Miyagi and Daniel son

Inserted Video
Don't Leave Money on the Table
  • #490,653
  • Aug 24, 2019 6:12am Aug 24, 2019 6:12am
Quoting HaLBot
{quote} Hey Marci, Mr Miyagi and Daniel son https://www.youtube.com/watch?v=Bg21...UimvM&index=13
Hi Hal Bot
Students always outperforms their masters .... Because they have the opportunity to learn from the best.
  • #490,654
  • Aug 24, 2019 6:22am Aug 24, 2019 6:22am
Quoting elbert3
{image}{quote} That was on the 12th lol
happy Birthday
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  • #490,655
  • Aug 24, 2019 5:00pm Aug 24, 2019 5:00pm
Quoting MXT
{quote} happy Birthday {image} {image}
Thanks
  • #490,656
  • Aug 24, 2019 5:10pm Aug 24, 2019 5:10pm
More I look, the more I see 1.26

before
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Come with me if you want to live....
  • #490,657
  • Aug 24, 2019 7:35pm Aug 24, 2019 7:35pm
GBP/USD had a bullish move last week and on Friday, broke above the recent downtrend that had capped price since the beginning of May 2019.

I am now looking for one of 2 scenarios to play out:

(1) A final push lower to retest the long term lows at 1.1900 area before a strong bullish reversal; or


(2) A consolidation above 1.2300 that indicates that the bullish move might continue until the next resistance area at 1.2800.



DISCLAIMER: This post does not constitute a trade signal or trading advice. You must analyse the charts and only wait for an entry signal that confirms the trade setup – you must then accept that the possibility exists that you could you lose on this trade and therefore you should not invest money that you cannot afford to lose.

Trading FX on margin carries a high level of risk and may not be suitable for all investors. You should be aware of the risks and seek independent financial advice if you have any doubts.

www.facebook.com/shaun.critten
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  • #490,658
  • Aug 24, 2019 10:09pm Aug 24, 2019 10:09pm
Quoting mbrown
{quote} Oh Sorry. I do not think 2290 is a realistic target for today, next week most likely as long as price remains above the PF median line.. The chart is D1. I have today's price turning point at 2132. In short, things are not aligned in a way I can trade.

HHmmmm, there are so many great T/A's in here it is very difficult to know who is right or wrong, ??????
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DAILY CHART
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  • #490,659
  • Aug 24, 2019 11:03pm Aug 24, 2019 11:03pm
I most likely will be different close to midnight cet , but with those rates i am 300 $ up and not down
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yes yes yes
  • #490,660
  • Aug 24, 2019 11:11pm Aug 24, 2019 11:11pm
Quoting Moty
I most likely will be different close to midnight cet , but with those rates i am 300 $ up and not down {image}
It is likely open down or at the same price as close price on Friday
Intraday only.
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