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Cable Update (GBPUSD)

  • #492,081
  • Sep 5, 2019 1:15am Sep 5, 2019 1:15am
Quoting asgcorp
{quote} no it's not. It's called a pullback.
As long as it goes down , i don't care about the name .
And we are still in down trend.
1.1878 in. The making
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yes yes yes
  • #492,082
  • Sep 5, 2019 1:18am Sep 5, 2019 1:18am
2160 likely. so long 2160 holds it's a pullback. if it cracks then it's a dump.
  • #492,083
  • Edited 1:53am Sep 5, 2019 1:23am | Edited 1:53am
Quoting asgcorp
2160 likely. so long 2160 holds it's a pullback. if it cracks then it's a dump.
Atr target is my tp , 1.21689 ,atr grew from 56 pips per day to 86 in a month and an half . Wow !
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Krook's megaphone pattern.
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The drop is coming
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yes yes yes
  • #492,084
  • Edited 2:08am Sep 5, 2019 1:28am | Edited 2:08am
Quoting asgcorp
2160 likely. so long 2160 holds it's a pullback. if it cracks then it's a dump.
no if to correct then 2161 minimum breaks down before next leg up , likely between 2161 -2070. if range up as extension only above that level,say next sr 2182/2208 but in that case will wait price for below 2161 again most probable . so now just beaks to bull ok as fakeout!! so once breaks that level will be risky play today! because 2308 test likely comes up as try!

will not much care gu movements as likely more restless , will rely mostly usdx & eu . as in eu limit 1.1050 if hold then bear continue very probable & surely take gu together then ultimately!!
https://www.forexfactory.com/showthr...5#post12484355
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #492,085
  • Sep 5, 2019 2:36am Sep 5, 2019 2:36am
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watch the tl fo any rejections Morning just out of my over night short and back long target 2295
  • #492,086
  • Sep 5, 2019 2:39am Sep 5, 2019 2:39am
Quoting Moty
{image}
One more up is possible. trade safe
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you can't stop the waves, but you can learn to surf
  • #492,087
  • Sep 5, 2019 2:42am Sep 5, 2019 2:42am
Quoting asgcorp
I don't mind if it dumps from here. Would boost my GJ short. But slim chance. NFP could be a game changer on Friday though. {image}
closed all trades. Re-entry later. I need GU @ 2300 to short GJ.
  • #492,088
  • Sep 5, 2019 3:05am Sep 5, 2019 3:05am
if it closes above 1.231x then my next target could be 1.252x
We are only learners in this life
  • #492,089
  • Sep 5, 2019 3:11am Sep 5, 2019 3:11am
Double top ?!
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yes yes yes
  • #492,090
  • Sep 5, 2019 3:16am Sep 5, 2019 3:16am
So far the daily high is still at the level and holding
Maybe pullback to 2220 level again before able to resume
But for it to reverse course, I have my doubt. Yesterday I was poised to enter Short at 22xx level but had my mind changed
Not yet reentry since

Quoting Moty
Double top ?! {image}
yakinaja.hajarblehh
  • #492,091
  • Sep 5, 2019 3:17am Sep 5, 2019 3:17am
crazy extension up for 2308 ( so will wait for 2161 next If) , one last leg up to correct apparently . anyway risky play & care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #492,092
  • Sep 5, 2019 3:20am Sep 5, 2019 3:20am
Quoting OnlineAddict
{quote} Or it could dive from 9300+ below 9000.
EG now below 9000.
Everyone can see the chart, but only a few can actually read it.
  • #492,093
  • Sep 5, 2019 3:21am Sep 5, 2019 3:21am
Weekly r1 1.226600
yes yes yes
  • #492,094
  • Sep 5, 2019 3:27am Sep 5, 2019 3:27am
GU in SS3 mode. SSI data shows retail buyers cutting exposure, adding short.
So this short squeeze might have more headroom.
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  • #492,095
  • Sep 5, 2019 3:28am Sep 5, 2019 3:28am
see what happens once we hit 2300.
  • #492,096
  • Sep 5, 2019 3:31am Sep 5, 2019 3:31am
This is one hungry bull...
Come with me if you want to live....
  • #492,097
  • Sep 5, 2019 3:31am Sep 5, 2019 3:31am
Quoting asgcorp
see what happens once we hit 2300.
I'm thinking we march onto 1.24
Come with me if you want to live....
  • #492,098
  • Sep 5, 2019 3:41am Sep 5, 2019 3:41am
Quoting Moty
Double top ?! {image}
How could you read that as a double top when that engulfing pattern is bouncing off your ema channel with a very strong close???

I mean it's fine to take countertrend trades, but you also need to read the chart, and either use a stop or at least hedge when the yrade goes against you.
You could do so much better if you gave in to the market when you have the wrong direction. I hope you one day learn the rythm of the market, when to follow the trend and when to take countertrend trades. It will make all the diggerence for your profit.
  • #492,099
  • Sep 5, 2019 3:53am Sep 5, 2019 3:53am
Quoting asgcorp
{quote} closed all trades. Re-entry later. I need GU @ 2300 to short GJ.
Shorting, I am expecting another push higher,
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  • #492,100
  • Sep 5, 2019 3:54am Sep 5, 2019 3:54am
Quoting Ill-b-back
{quote} I'm thinking we march onto 1.24
50/50. 2300 is a nice resistance. I'll buy dips if there's any, later.
2400 is a nice target for the bulls, for sure.
Just need a discount to buy it.
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