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Cable Update (GBPUSD)

  • #495,761
  • Oct 2, 2019 11:06am Oct 2, 2019 11:06am
Quoting asgcorp
{quote} great point, Neil. With you on this 100%. In fact reducing screen time and zooming out to HTF to get a better perspective is what most new traders can't seem to be able to do. Stuck on M5/M15 TF thinking this thing will moon every day at London Open. DC also pointed that out previously. Set it and forget it, trade it don't date it. Awesome insight from some of the best traders we got in here @ FF.
asgcorp, have you ever heard about dual time frame trading (one for analysis, one for entry/exit)? If someone enjoys watching the 4H charts to see if support/resistance holds I am ok with this too...
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Always trade your own plan...I don't provide trading signals.
  • #495,762
  • Oct 2, 2019 11:31am Oct 2, 2019 11:31am
Quoting asgcorp
gbpjpy SELL order block at/near 132.30. target for the short is 131.40. But I'd like to see bulls stall on H1 before entering on sell side.
entry was missed by 3 points.
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  • #495,763
  • Oct 2, 2019 11:33am Oct 2, 2019 11:33am
GBPJPY bigger move is setting up (dump) but more time / range work is required still.
  • #495,764
  • Oct 2, 2019 11:48am Oct 2, 2019 11:48am
Guys... take care, several falling indices.
  • #495,765
  • Oct 2, 2019 12:20pm Oct 2, 2019 12:20pm
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yes yes yes
  • #495,766
  • Oct 2, 2019 12:27pm Oct 2, 2019 12:27pm
it's not going below 12200, swing in the making
weekly = false
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #495,767
  • Oct 2, 2019 12:32pm Oct 2, 2019 12:32pm
confidence is high
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #495,768
  • Oct 2, 2019 12:37pm Oct 2, 2019 12:37pm
Channel is right unless proven otherwise ,daily has no bear conviction
see weekly next print for proof

Quoting Bones
Ok I've had time to think about it, that pattern in candle world is high probability I'm saying its false. The main reasoning comes from location, i.e space to move in its favour But the print next week will give the truth if it is finished to the upside. Broken TL test lower is too low for my liking, any sense of support to go lower than 12200 will be the first warning sign.=False. Fundamentally a potential deal will be revealed. Or maybe a vote of no confidence. That would do it. Look for the solid driver... {image} {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #495,769
  • Oct 2, 2019 12:40pm Oct 2, 2019 12:40pm
Quoting Wavegarrick
{quote} Gu at a crucial point with the trend line beckoning. Unfortunately my buy trade from yesterday was taken out with a few pips profit. I have re entered today and locked in. Bulls can only hope from here. Trade safe. Cheers. {image}
Some positive stuff in the making here Guys,
In stead of all the normal doom and gloom.

Cheers..
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Trade to trade another day
  • #495,770
  • Oct 2, 2019 12:59pm Oct 2, 2019 12:59pm
Quoting Moty
{image}{image}{image}{image}
Moty, a very reasonable objective for swing trade (3-4 days)...1.2351 a first hurdle.
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Always trade your own plan...I don't provide trading signals.
  • #495,771
  • Edited 1:40pm Oct 2, 2019 1:16pm | Edited 1:40pm
Quoting Bones
Channel is right unless proven otherwise ,daily has no bear conviction see weekly next print for proof {quote} {image} {image}
Watching, nothing special any, waiting d a ily weekly close below 2280 still. As per previous analyses price below 2232 /2209 enough for next leg up but still not so hopefull , better further below possible. So watching the lows as pending sells activated at the top.
In small tf i see the last leg up virtually ended having many my pending shorts unactivated and hence price now easily fall to 2250 before reaction again, may daily close even below 2280 who knows. Anyway it has fair chance jump 100pips spike even as pair behaviour but failed so far and likely tanking.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #495,772
  • Oct 2, 2019 1:32pm Oct 2, 2019 1:32pm
Quoting Bones
it's not going below 12200, swing in the making weekly = false
so you think it will be side ways for this week?
  • #495,773
  • Oct 2, 2019 1:45pm Oct 2, 2019 1:45pm
About the only bullish development I see so far is H4 price/RSI div (same as EU).
For any bullish development there's got to be a major bear run in DXY, it's possible,
but only if the H4 WW setup I've posted previously will pan out. All subject to NFP on Friday.
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  • #495,774
  • Oct 2, 2019 1:45pm Oct 2, 2019 1:45pm
Quoting Wavegarrick
{quote} Some positive stuff in the making here Guys, In stead of all the normal doom and gloom. Cheers.. {image}
Wavegarrick, I could bring d/g by posting the daily chart with Gartley or even crab pattern but I will restrain myself this time...
Always trade your own plan...I don't provide trading signals.
  • #495,775
  • Oct 2, 2019 1:46pm Oct 2, 2019 1:46pm
subject to further weakness in DXY (H4 WW setup).
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  • #495,776
  • Oct 2, 2019 2:07pm Oct 2, 2019 2:07pm
Quoting asgcorp
subject to further weakness in DXY (H4 WW setup). {image}
Possible little but not any great and as others in fear mode they may fail to take the advantages!!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #495,777
  • Oct 2, 2019 2:13pm Oct 2, 2019 2:13pm
Quoting fontu
{quote} Possible little but not any great and as others in fear mode they may fail to take the advantages!! {image} {image}
Fontu, normally I would agree, I see this strong bull TL.

However, check this out. H4 hidden bear price/RSI11 div in DXY.
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  • #495,778
  • Oct 2, 2019 2:17pm Oct 2, 2019 2:17pm
have a W on H4
  • #495,779
  • Oct 2, 2019 2:19pm Oct 2, 2019 2:19pm
Quoting RobyTurboSS
{quote} Good for you.... i also said this {quote} and this {quote} and this {quote}....the bottom line does matter, i make $$ in Turbo mode .
Great call and you get full credit for it, period. I do apologize for being a bit rough and look forward to more calls from you man, keep it up.
  • #495,780
  • Oct 2, 2019 2:21pm Oct 2, 2019 2:21pm
Quoting thevisitor
{quote} re entry long with target 1.2330-50 never say never again 1.2450 ist far away...but who knows? {image}
Point taken. Keeping an open mind for any outcome, I agree with you.
I still figure 2450 is a bit of a stretch, but let's see what happens!
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