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Cable Update (GBPUSD)

  • #491,841
  • Sep 4, 2019 1:51am Sep 4, 2019 1:51am
Quoting knkie
Long from 1.21 lets see if we can pull out a 50 pipper this session.
looking good
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in wondering about yourself, you forgot what you came here to be part of
  • #491,842
  • Sep 4, 2019 2:04am Sep 4, 2019 2:04am
Quoting OnlineAddict
Long 2045, target open.
Out with 95 pips at 2140.

Waiting for below 2030 again.
Everyone can see the chart, but only a few can actually read it.
  • #491,843
  • Sep 4, 2019 2:05am Sep 4, 2019 2:05am
Quoting sgkrishn
imho gu will give us a big correction.
placed my Sell limit at 1.2200
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #491,844
  • Edited 2:28am Sep 4, 2019 2:14am | Edited 2:28am
Quoting ganam
any one expecting 1.2400
Hi Ganam,
As you can see the rsi 5 is rising and is about to cross above the 50% line, if it can cross this line then the bullish strength should increase exponentially,
The same applies with the macd histogram, if this bar rises above the previous bars low then this is bullish also, if the histogram rises above the zero line then we may see sum very strong bullish moves here very soon my friend.

But having said all of that please take note that the daily chart is still in there bearish channel, In my opinion the bulls do not have full control yet, so lookout for the bear traps.


Attachment G
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  • #491,845
  • Sep 4, 2019 2:15am Sep 4, 2019 2:15am
Quoting ganam
any one expecting 1.2400
Yep, 23 at least.
I got in at 2080
Come with me if you want to live....
  • #491,846
  • Sep 4, 2019 2:15am Sep 4, 2019 2:15am
The bears will take initiative now to target 1.2040. Stay green!
Data + Stat + Risk/Emotions Management
  • #491,847
  • Sep 4, 2019 2:19am Sep 4, 2019 2:19am
Technically going Long here is trading counter-trend
Stay safe and be cautious of small details
If it's too good to be true, it is not

Quoting Ill-b-back
{quote} Yep, 23 at least. I got in at 2080
yakinaja.hajarblehh
  • #491,848
  • Sep 4, 2019 2:24am Sep 4, 2019 2:24am
Quoting modalyakin
Technically going Long here is trading counter-trend Stay safe and be cautious of small details If it's too good to be true, it is not {quote}
counter trend on what time frame?

trend on the M1 is way different than trend on the Day chart.
So when you say someone is going against the trend, perhaps you should say what YOUR time frame is.
in wondering about yourself, you forgot what you came here to be part of
  • #491,849
  • Sep 4, 2019 2:25am Sep 4, 2019 2:25am
Quoting Bones
If Scotland left the Uk it would go broke without a doubt with oil half the value of its last ref date They were super lucky to vote remain Scotland cost the Uk Union more than the EU running a massive deficit including oil and gas revenue Let alone tariffs if they joined EU with their biggest trading partner by far.
LOL I think there is certainly a large deficit on show here. You'd do well to familiarise yourself with the fine work of Wynne Godley (sectoral balances).
Hypocrite lecteur, mon semblable, mon frere!
  • #491,850
  • Sep 4, 2019 2:32am Sep 4, 2019 2:32am
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you can see the trend line without it even being there that the entry on the bull candle
  • #491,851
  • Sep 4, 2019 2:33am Sep 4, 2019 2:33am
Quoting Dingoman-two
{quote} Hi Ganam, As you can see the rsi 5 is rising and is about to cross above the 50% line, if it can cross this line then the bullish strength should increase exponentially, The same applies with the macd histogram, if this bar rises above the previous bars low then this is bullish also, if the histogram rises above the zero line then we may see sum very strong bullish moves here very soon my friend. But having said all of that please take note that the daily chart is still in there bearish channel, In my opinion the bulls do not have full control...

One other thing folks, if tonight's closing price can close above the 1.21747 area then we will have a two candle bullish engulfing pattern, more bullish strength to the up side IMHO

  • #491,852
  • Sep 4, 2019 2:34am Sep 4, 2019 2:34am
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bounce off that line
Quoting elbert3
{image} you can see the trend line without it even being there that the entry on the bull candle
  • #491,853
  • Sep 4, 2019 2:38am Sep 4, 2019 2:38am
Quoting elbert3
{image} bounce off that line {quote}
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last one today as we have an AGM meeting today and as you know from the past the wife makes us hand our phones in lol .
  • #491,854
  • Sep 4, 2019 2:38am Sep 4, 2019 2:38am
Quoting Oc6oph
{quote} Are you long
Short
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yes yes yes
  • #491,855
  • Sep 4, 2019 2:39am Sep 4, 2019 2:39am
Quoting Bones
The main thing to consider is the public made this happen, it's not Cameron or any other politicians fault. The public gives parliament its sovereignty and their about to kick out a lot of deadwood who still fight for remain when the biggest vote in history was leave. That's the beauty a democracy where your vote can change something. {quote}
You are getting yourself in a wee flap thinking I was making a political point. I was merely explaining how the vote came about (again the establishment). I don't really care, I don't live in the UK anymore. I laugh from outside.

I was saying that it isn't the beauty of democracy. A vote to trade GBPUSD or not? Do you thinks that is a good choice? No idea whether you'll be long or short, when you'll trade, where your SL/TP is, etc, etc.

Oh it was "the biggest vote in history". Oh well, look there's my cot and I'll crawl back into it.
Hypocrite lecteur, mon semblable, mon frere!
  • #491,856
  • Sep 4, 2019 2:41am Sep 4, 2019 2:41am
Looking at Daily only, I don't have the heart for lower TF
While I also usually check on Moty, I noticed he has braver soul trading to the 1-15minutes, while keeping track to H1-H4
Hopefully he can figure this out without having another account blown

Quoting knkie
{quote} counter trend on what time frame? trend on the M1 is way different than trend on the Day chart. So when you say someone is going against the trend, perhaps you should say what YOUR time frame is.
yakinaja.hajarblehh
  • #491,857
  • Sep 4, 2019 2:46am Sep 4, 2019 2:46am
DX expected to fall 98.02
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follow the flow of music $
  • #491,858
  • Sep 4, 2019 2:47am Sep 4, 2019 2:47am
Quoting modalyakin
Technically going Long here is trading counter-trend Stay safe and be cautious of small details If it's too good to be true, it is not {quote}
daily and weekly top range is 12166...even if they pulled up it is likely to bring it down...
sell strength in falling markets, and buy weakness in rising markets.
  • #491,859
  • Sep 4, 2019 2:50am Sep 4, 2019 2:50am
Quoting knkie
Long from 1.21 lets see if we can pull out a 50 pipper this session.
exit +46 pips

great start.

most will think price will correct now, i think it will only pullback and then charge on upward.
looking for reenter at about 1.2110
in wondering about yourself, you forgot what you came here to be part of
  • #491,860
  • Edited 3:36am Sep 4, 2019 2:53am | Edited 3:36am
Quoting DailyChart
{quote} Go up or down actually ? lateralization again ? Time will tell ? how long again ?
1.22 maybe...
wait for the time to tell you
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