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Cable Update (GBPUSD)

  • #494,761
  • Sep 25, 2019 12:32pm Sep 25, 2019 12:32pm
Quoting asgcorp
I see DXY H4 actually not at resistance but as a break out and RES turn SUPP now. SO imo, the resistance was broken and DXY is in BULL mode. {image}
ok bull for now in one leg up correction but not in real still , just bull set up price action in daily tf at a top , resistance around 98.81 areas before bo there for 99.13 areas next time. .
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #494,762
  • Sep 25, 2019 12:35pm Sep 25, 2019 12:35pm
GU bulls are exploring burial options now - either cremation at sea or closed casket.
  • #494,763
  • Sep 25, 2019 12:35pm Sep 25, 2019 12:35pm
Quoting Wavegarrick
{quote} Hi Guys, Took profit on my sell trade at 200 pips. Test the waters buy trade at 1.23805 s/loss 1.23370. A sequence of trades to follow. Cheers. {image}
I started stacking from 1.23500.

Take care.
Trade to trade another day
  • #494,764
  • Sep 25, 2019 12:36pm Sep 25, 2019 12:36pm
Are you ready for the spike ? Prepare yourself
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yes yes yes
  • #494,765
  • Sep 25, 2019 12:38pm Sep 25, 2019 12:38pm
figures from FF are slightly different , but agree with asgcorp that retail was mainly long
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  • #494,766
  • Sep 25, 2019 12:52pm Sep 25, 2019 12:52pm
Quoting MXT
figures from FF are slightly different , but agree with asgcorp that retail was mainly long {image}
Mxt It makes no difference. Trade against the crowd sentiment and if you get it right you are a hero, It is a coin toss. Gu has only retraced so it does not mean the crowd is wrong. I still believe we are in an upward correction.

Cheers
Trade to trade another day
  • #494,767
  • Sep 25, 2019 12:54pm Sep 25, 2019 12:54pm
up up and away
Attached Image(s) (click to enlarge)
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yes yes yes
  • #494,768
  • Sep 25, 2019 1:00pm Sep 25, 2019 1:00pm
ofc trading sentiment is a bad idea. I mean last time GU longs were at 85% it only dropped 800 points. Peanut change if you ask me.
  • #494,769
  • Sep 25, 2019 1:01pm Sep 25, 2019 1:01pm
Quoting asgcorp
No wonder it's so quite in here today. {image}
,,
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #494,770
  • Sep 25, 2019 1:07pm Sep 25, 2019 1:07pm
Quoting Moty
{quote} the pull back is coming {image} {image}
Moty, might go down a little bit because I covered my short before AB=CD complete...Murphy's law is glued to me.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #494,771
  • Sep 25, 2019 1:23pm Sep 25, 2019 1:23pm
Quoting Coreg2004
{quote} Moty, might go down a little bit because I covered my short before AB=CD complete...Murphy's law is glued to me. {image}
Just wait next week maybe start Brexit moves and then can good drop
  • #494,772
  • Sep 25, 2019 1:46pm Sep 25, 2019 1:46pm
Quoting Coreg2004
{quote} Han2019, If you are a bull for GU you expect corrective W_c to stop above or at the beginning of the move (Sep.03) and then the end of W_c would become your W:2. At this point, you would choose to trade GU to the upside for 1-2-3-4-5 pattern mining 3 waves up (impulse) and 2 waves down (corrective) and this pattern would be 3-3-5 of a larger degree. I hope I understood you and the answer is meaningful. Of course, the small abc pattern can become 1-2-3-4-5 and you would expect the low (Sep.03) to be taken out. {image} {image}
Thanks for the diagram Coreg2004! I now have a better idea on this!
  • #494,773
  • Sep 25, 2019 2:00pm Sep 25, 2019 2:00pm
1.2270 next
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #494,774
  • Sep 25, 2019 2:03pm Sep 25, 2019 2:03pm
Quoting Joinfx
{quote} Just wait next week maybe start Brexit moves and then can good drop
I am illiterate in politics so I depend only on the chart with patterns I trade but I always welcome volatility, as a matter of fact from the beginning of September I expect GU to have the range of 150 pips/day.
Always trade your own plan...I don't provide trading signals.
  • #494,775
  • Sep 25, 2019 2:39pm Sep 25, 2019 2:39pm
There will be a good recovery tomorrow. Friday could be a new low day. Probably 2270/50. And that completes a bearish week. ADR is 110 pips.
Today it has over extended.
Intraday only.
  • #494,776
  • Sep 25, 2019 2:56pm Sep 25, 2019 2:56pm
Quoting navk
There will be a good recovery tomorrow. Friday could be a new low day. Probably 2270/50. And that completes a bearish week. ADR is 110 pips. Today it has over extended.
Agree with you...looks like a retracement day for tomorrow. Not sure how big, though. But would love to short the 2500 area again, tomorrow or friday, I don't mind.
Everyone can see the chart, but only a few can actually read it.
  • #494,777
  • Sep 25, 2019 3:02pm Sep 25, 2019 3:02pm
Ohhhhhh noooooo

😂😂😂😂😱😱😱😱😱😱😭😭😭😭😭😭

I see Longus Onlinus above (i don't read s.... .........e ) so i just need to ask.....

Did i ask before ???

When 1.45 ??

LOL
😂😂😂😂😂

LOL x 2150 times.


Quoting OnlineAddict
{quote} Yes, there will be 1.45, I blablaaaa
It may take months or a year, I don't really care, I will keep buying the dips and.....few lies here by O.Add...... Good advice!
Hi Blabanus, are you really holding 1000 pips loss by now ???
😂😂😂😂😂😂
Beware of robber banks (RB), bad advisors.
  • #494,778
  • Sep 25, 2019 3:06pm Sep 25, 2019 3:06pm
this candle of the month may close where it opened has a small triangle in the month ... very careful this week, too many things can happen later this month .. especially the double bottom in the month, I'm waiting for today's S&P closing and see how it will be tomorrow.
  • #494,779
  • Sep 25, 2019 3:09pm Sep 25, 2019 3:09pm
KPMG, time to give up already, no one's interested in your insane crap with a bunch of smileys.
  • #494,780
  • Sep 25, 2019 3:37pm Sep 25, 2019 3:37pm
Quoting navk
There will be a good recovery tomorrow. Friday could be a new low day. Probably 2270/50. And that completes a bearish week. ADR is 110 pips. Today it has over extended.
it's possible, yes, although we got red items on DXY pending on Thursday into NY open, expecting DXY pump into data (cause data is almost always green).
What happens after data remains to be seen, although DXY does look slightly overextended + EU decent S near 3 bott.
Let's see what happens, keeping an open mind!
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