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Cable Update (GBPUSD)

  • #496,441
  • Oct 8, 2019 3:32am Oct 8, 2019 3:32am
Quoting navk
beware, the price did not break daily pivot, so never counter the trend before daily s2 which is 2255. {image}
Floor traders used pivots in the 80's ... is 2019 now... things changed a little bit in the past 40 years
  • #496,442
  • Oct 8, 2019 3:34am Oct 8, 2019 3:34am
Quoting RobyTurboSS
{quote} Floor traders used pivots in the 80's ... is 2019 now... things changed a little bit in the past 40 years
I am still a floor trader of 80's

Intraday only.
  • #496,443
  • Oct 8, 2019 3:40am Oct 8, 2019 3:40am
Quoting navk
{quote} I am still a floor trader of 80's
  • #496,444
  • Oct 8, 2019 3:41am Oct 8, 2019 3:41am
sell high, buy low = For experienced traders.

sell low, buy high - For new traders, yes, you will not be disappointed in selling low and buying high.
Intraday only.
  • #496,445
  • Oct 8, 2019 3:44am Oct 8, 2019 3:44am
Quoting navk
sell high, buy low = For experienced traders. sell low, buy high - For new traders, yes, you will not be disappointed in selling low and buying high.
story of my life
that line killed me
  • #496,446
  • Oct 8, 2019 3:46am Oct 8, 2019 3:46am
Quoting RobyTurboSS
{quote} You are the only long in GBPUSD right now...EURGBP have alot higher potential and will rally 1-1.5 % from actual 0.89390.You should follow the market not fight the market
YES ,you are right.
the bias for now is sell.
i am out , looking for det up for short
Attached Image (click to enlarge)
Click to Enlarge Name: GU D1.png Size: 21 KB
yes yes yes
  • #496,447
  • Oct 8, 2019 3:46am Oct 8, 2019 3:46am
Quoting JayBag
{quote} story of my life that line killed me
the price is low now, I am shorting it, I am sure I will not be disappointed. Mark my short price 2264. I will add more if it goes up a little.

My TP 2255.
Intraday only.
  • #496,448
  • Oct 8, 2019 3:49am Oct 8, 2019 3:49am
how sweet ! usdx not finished correction down or even started bull but gbp busket giving good return already , ok will wait for eurusd alone !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 38 KB
Click to Enlarge Name: GBPJPYH1.png Size: 25 KB
Click to Enlarge Name: GBPCHFH4.png Size: 31 KB
Click to Enlarge Name: EURGBPH4.png Size: 30 KB
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #496,449
  • Oct 8, 2019 3:52am Oct 8, 2019 3:52am
well I still see something sneaky on the weekly, so I'm adding here at 1.2270, risk 1.22, try for 1.25ish...
Look Sharp/Trade Tight
  • #496,450
  • Oct 8, 2019 3:53am Oct 8, 2019 3:53am
Quoting navk
sell high, buy low = For experienced traders. sell low, buy high - For new traders, yes, you will not be disappointed in selling low and buying high.
Only one rule for everybody in 2020 : Read the market,Adjust to the market & Follow the market ...HIGH & LOW concepts are a bit unclear and not used by the banks anymore ,in modern days, nobody can predict how High or Low can be pushed a algo driven market .Peace.
  • #496,451
  • Oct 8, 2019 3:57am Oct 8, 2019 3:57am
Quoting RobyTurboSS
{quote} Only one rule for everybody in 2020 : Read the market,Follow the market & Go with the flow ...HIGH & LOW concepts are a bit unclear and not used by the banks anymore ,in modern days algo driven market ,nobody can predict how High or Low a market can be pushed.Peace.
your statement is for experienced traders.

New traders trade long when the price going down, take revenge and go long and vice versa.

Price going down short it. price going up long it. you will never be disappointed.

Taking revenge against the flow will kill a trader or new trader.
Intraday only.
  • #496,452
  • Oct 8, 2019 3:58am Oct 8, 2019 3:58am
Quoting navk
{quote} the price is low now, I am shorting it, I am sure I will not be disappointed. Mark my short price 2264. I will add more if it goes up a little. My TP 2255.
Really bro ? Is that trade worth the risk you are taking .. 15 pips for a potential upside of 300 pips ? I don’t get it

And you claim that selling low and buying high is for experienced trader go figure... how many times that really happens in the market .. I think you are chasing your losses
  • #496,453
  • Oct 8, 2019 3:59am Oct 8, 2019 3:59am
Quoting RazorFitch
{quote} Really bro ? Is that trade worth the risk you are taking .. 15 pips for a potential upside of 300 pips ? I don’t get it
15 pips worth for new trader.

Going with flow is what is important.
Intraday only.
  • #496,454
  • Oct 8, 2019 4:08am Oct 8, 2019 4:08am
2205 could be target for the bears...
trading is simple but is simple is not easy.
  • #496,455
  • Oct 8, 2019 4:09am Oct 8, 2019 4:09am
Quoting navk
{quote} the price is low now, I am shorting it, I am sure I will not be disappointed. Mark my short price 2264. I will add more if it goes up a little. My TP 2255.
I am not disappointed, my TP is hit.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 29 KB
Intraday only.
  • #496,456
  • Oct 8, 2019 4:09am Oct 8, 2019 4:09am
Quoting navk
{quote} 15 pips worth for new trader. Going with flow is what is important.
Well, I would rather wait to buy from low
  • #496,457
  • Oct 8, 2019 4:09am Oct 8, 2019 4:09am
Quoting navk
{quote} I am not disappointed, my TP is hit. {image}
Congrats
  • #496,458
  • Oct 8, 2019 4:10am Oct 8, 2019 4:10am
Quoting knkie
here we go !!! SELL 2279 target 26 pips
exit +24 pips

2253 should be a moment of pause
in wondering about yourself, you forgot what you came here to be part of
  • #496,459
  • Oct 8, 2019 4:10am Oct 8, 2019 4:10am
Quoting navk
{quote} I am not disappointed, my TP is hit. {image}
good call. well done
trading is simple but is simple is not easy.
  • #496,460
  • Oct 8, 2019 4:11am Oct 8, 2019 4:11am
Quoting RazorFitch
{quote} Congrats
is there anything why you want to go long?

Elliot wave theory something like that?

I go with flow usually.
Intraday only.
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