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Cable Update (GBPUSD)

  • #496,481
  • Oct 8, 2019 4:40am Oct 8, 2019 4:40am
>70% net LONG. Not a bullish setup.
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  • #496,482
  • Oct 8, 2019 4:41am Oct 8, 2019 4:41am
Quoting Han2019
{quote} Thanks for the reply, don't really understand the logic behind such trade though, will be interested to see how those ITM put options affect the price next week!
looks like this was in fact a put diagonal (calendar) spread in action. Anything below 2500-2550 - strategy owner get's paid 200-600% ROI on his initial outlay.
  • #496,483
  • Oct 8, 2019 4:43am Oct 8, 2019 4:43am
my GU account and Gold account.

Impressive day for me so for.
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Intraday only.
  • #496,484
  • Oct 8, 2019 4:46am Oct 8, 2019 4:46am
Quoting navk
{quote} you are experienced trader. I too felt many times, I am experienced trader but met with losses. So I keep my rules simple, price going down, short, going up... then long.
Navk, it is true what you are saying but often the flow can be initiated "from in the range" especially when one of the range extreme fails (picking up sitting ducks) and reverses (normally at the opening of a major hub), then the opposite extreme will not hold making it a trend session or trend day....only a thought.
trading is simple but is simple is not easy.
  • #496,485
  • Oct 8, 2019 4:48am Oct 8, 2019 4:48am
Brexit: No 10 giving up hope of deal after deadlock in Johnson call with Merkel - live news
(Guardian UK)
  • #496,486
  • Oct 8, 2019 4:50am Oct 8, 2019 4:50am
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really
  • #496,487
  • Oct 8, 2019 4:53am Oct 8, 2019 4:53am
Quoting ZenNy
{quote} Navk, it is true what you are saying but often the flow can be initiated "from in the range" especially when one of the range extreme fails (picking up sitting ducks) and reverses at the opening of a major hub, then the opposite extreme will not hold making it a trend session or day....only a thought.
will tell you how the reversal happens.

Today price is falling.... will fall...will continue to keep falling. At some point it stops, I do not trust support or resistances. But I trust when the price reverses and close above daily open price. NY does this.... reversal usually. Never in Asia.

Will show you the reversal example. look at 3rd september.

Price closed above daily open with slightly bullish daily candle.
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Intraday only.
  • #496,488
  • Oct 8, 2019 4:53am Oct 8, 2019 4:53am
johnson will be forced to ask for an extension , negotiations are going nowhere , brexit won't happen before a new extension and new elections
  • #496,489
  • Oct 8, 2019 4:55am Oct 8, 2019 4:55am
its all going according to plan.
Now we just need to split up germany again.
in wondering about yourself, you forgot what you came here to be part of
  • #496,490
  • Oct 8, 2019 4:57am Oct 8, 2019 4:57am
Quoting navk
{quote} will tell you how the reversal happens. {image}
I think pretty much any dip got 50/50 odds of either turning into a dump or getting bought up.
You can only do so much, i.e. - go with the flow.

Generally, what I've noticed at least, if the dip ain't getting bought up 50% through London session
it will most likely turn into a dump later @ NY.
  • #496,491
  • Oct 8, 2019 5:00am Oct 8, 2019 5:00am
Quoting asgcorp
{quote} I think pretty much any dip got 50/50 odds of either turning into a dump or getting bought up. You can only do so much, i.e. - go with the flow. Generally, what I've noticed at least, if the dip ain't getting bought up 50% through London session it will most likely turn into a dump later @ NY.
I have seen, after dip.... even if it is bought up,,,, and you are with the London flow ( short ), still there is chance of getting out at BE or with small profit or small loss. Next day asia gives that opportunity.
Intraday only.
  • #496,492
  • Oct 8, 2019 5:02am Oct 8, 2019 5:02am
Another SELL @ 2245
in wondering about yourself, you forgot what you came here to be part of
  • #496,493
  • Oct 8, 2019 5:06am Oct 8, 2019 5:06am
who is taking revenge now ?

On the PA ?


Intraday only.
  • #496,494
  • Oct 8, 2019 5:08am Oct 8, 2019 5:08am
Quoting navk
{quote} 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.
now that ' s a good post bud
  • #496,495
  • Oct 8, 2019 5:11am Oct 8, 2019 5:11am
<2200 potential for a waterfall (fast) dump
  • #496,496
  • Oct 8, 2019 5:12am Oct 8, 2019 5:12am
took long at 1.22273
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yes yes yes
  • #496,497
  • Oct 8, 2019 5:12am Oct 8, 2019 5:12am
US indexes,OIL ,GBP pairs going down vs GOLD going up for another 24 hours...won't be a hit & run game but a painful one for who's on the bad side
  • #496,498
  • Oct 8, 2019 5:14am Oct 8, 2019 5:14am
Quoting Moty
took long at 1.22273 {image} {image}
why?
  • #496,499
  • Oct 8, 2019 5:17am Oct 8, 2019 5:17am
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  • #496,500
  • Oct 8, 2019 5:19am Oct 8, 2019 5:19am
GU so hard bearish although DXY go down
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