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Cable Update (GBPUSD)

  • #491,621
  • Sep 3, 2019 12:11am Sep 3, 2019 12:11am
Quoting DailyChart
I really wont be surprise that Bull Caller would be jumping & scream happily when price going up for 10's or 100's pips over & They will warn us who short ones here and there They feel the world is their mind and hand because they are right,but guess what ? {image}

Thats so true quite few calling bull candle here and saying those are just pull backs I got trapped in one of those long from 1.20900 but my leverage is little 1:30 so still ok to manage.

I tend to cross check myself before before jump in but there are some who call it ad confidence as they making market. Lol
  • #491,622
  • Sep 3, 2019 12:31am Sep 3, 2019 12:31am
When do we look at a pull back ?
  • #491,623
  • Sep 3, 2019 12:32am Sep 3, 2019 12:32am
I keep waiting patiently...
  • #491,624
  • Sep 3, 2019 12:43am Sep 3, 2019 12:43am
Quoting Alexander17
When do we look at a pull back ?
I think when there is upside or downward trend and you want to take that trade you look for pull backs to join, pull backs are generally someone taking profit from the market or buying or selling pressures.
  • #491,625
  • Sep 3, 2019 12:44am Sep 3, 2019 12:44am
now pa test low 2013 & down 1978 support zone for limit up 2154 to down by the time gj play down 127.45 to 127 at least !! . so now pressure down to have time to make a base to bounce . take care
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #491,626
  • Sep 3, 2019 12:51am Sep 3, 2019 12:51am
1993 just touched
PA Return Today: na
  • #491,627
  • Sep 3, 2019 12:52am Sep 3, 2019 12:52am
cratering. 1950//1975 on watch list for reaction.
  • #491,628
  • Sep 3, 2019 1:01am Sep 3, 2019 1:01am
Quoting Marcieny
I keep waiting patiently...
Price still laterized ? For 6 month over ? Lolz
  • #491,629
  • Sep 3, 2019 1:09am Sep 3, 2019 1:09am
position/swing traders in GU/GJ get ready to scoop up both cause a big bounce is incoming shortly.
GU high prob reversal zone 1950//1975.
GJ should bounce at least 200 points.
  • #491,630
  • Sep 3, 2019 1:11am Sep 3, 2019 1:11am
I expect a big leap too ... are very important supports... lets see
I keep waiting patiently
  • #491,631
  • Sep 3, 2019 1:12am Sep 3, 2019 1:12am
gbpusd
Attached Image (click to enlarge)
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  • #491,632
  • Edited 1:39am Sep 3, 2019 1:16am | Edited 1:39am
Last time weekly support 1.21074 sent price 200 pips to the upside , not before it's falsebreaked it for 20 pips
for 20 pips .
Now it's 1.19853
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yes yes yes
  • #491,633
  • Sep 3, 2019 1:18am Sep 3, 2019 1:18am
my trade plan once GU hits 1950//1975.
long GU, long GJ-dragon, short EG.
  • #491,634
  • Sep 3, 2019 1:26am Sep 3, 2019 1:26am
Welcome 1.1993. next on stand 1.1850. where ever retrace i will short.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #491,635
  • Sep 3, 2019 1:27am Sep 3, 2019 1:27am
Quoting sgkrishn
next on stand 1.1850
not going to happen this week. Maybe next week.
  • #491,636
  • Sep 3, 2019 1:31am Sep 3, 2019 1:31am
whether the investor will buy the GU because it is possible to reverse ... tf monthly/weekly / daily / h4 / h1 posible for double bottom ... if the investor
don't do it then GU will freefall ... if not ... price will breakout support yearsly/monthly support
The Average Discount Everything
  • #491,637
  • Sep 3, 2019 1:42am Sep 3, 2019 1:42am
Quoting asgcorp
{quote} not going to happen this week. Maybe next week.
its 1.1971, i think we may it 1.1850 soon
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #491,638
  • Sep 3, 2019 1:44am Sep 3, 2019 1:44am
with no doubt GU will fall to 1.1 (may be more) because price has breakout the years support level ..
in this year ... and now ride the down trend until to 1.1 with no doubt
The Average Discount Everything
  • #491,639
  • Edited 2:33am Sep 3, 2019 1:46am | Edited 2:33am
Quoting DailyChart
{quote} Keep coming for post Would be boring without you So far only 1 barrier hold for long and thats multi years lowest low Very interesting if that demand zones fail to hold and price break down and thats might would be a big down Left 1 demand zones,unless another fresh buyer form And the most interesting part in trading is when we think price impossible for going further down or up then it keep going down and up .. Impossible = Possible Time for eat those retailers again...
I am truly full $$$$$$ with my short and I am will keep hold until fresh buyer form again

Just focus on the fresh buyer seller zones that form In The Right Side & ignored multi years lows
  • #491,640
  • Sep 3, 2019 1:46am Sep 3, 2019 1:46am
Quoting sgkrishn
{quote} its 1.1971, i think we may it 1.1850 soon
ok. maybe you are right. With my system I can only sell high and buy low.
No buy setups yet, and I'm not 100% sure we will get any decent bounce in GU.

If we don't form H4 S/R zone soon near 1950, I'm going to skip any trades until there's more clarity.
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