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Cable Update (GBPUSD)

  • #496,501
  • Oct 8, 2019 5:23am Oct 8, 2019 5:23am
First long opened
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  • #496,502
  • Oct 8, 2019 5:23am Oct 8, 2019 5:23am
target 26 pips
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in wondering about yourself, you forgot what you came here to be part of
  • #496,503
  • Oct 8, 2019 5:23am Oct 8, 2019 5:23am
Quoting asgcorp
<2200 potential for a waterfall (fast) dump
it could be a big 150-200 points dump. Official statement pending from #10.
  • #496,504
  • Oct 8, 2019 5:24am Oct 8, 2019 5:24am
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see where today’s candle closes
  • #496,505
  • Oct 8, 2019 5:25am Oct 8, 2019 5:25am
ffs. before going long. read the news posted on Guardian.
  • #496,506
  • Oct 8, 2019 5:27am Oct 8, 2019 5:27am
1.22 is strong as butter now
  • #496,507
  • Oct 8, 2019 5:27am Oct 8, 2019 5:27am
Quoting thevisitor
{quote} why?
time will tell
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yes yes yes
  • #496,508
  • Oct 8, 2019 5:29am Oct 8, 2019 5:29am
Quoting navk
{quote} 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. {image}
ok....

but prices can also reverse (often) if a major bear trend line is broken then prices go back again and retest the recent extreme (can be a test, a LL or an HL) and then the signal bar is a strong reversal bull bar.....

An expert trade can also buy with a limit order around there but for a nobody like myself I suggest a bull trend bar....at least for a 1:1 RR...done for the day.

EDIT: also look at springs/upthrust patterns by wyckoff.
trading is simple but is simple is not easy.
  • #496,509
  • Oct 8, 2019 5:31am Oct 8, 2019 5:31am
Quoting Moty
{quote} time will tell {image} {image}
you had a whole stack of Buys in the 2300 zone ...they are gone which means you blew up another account.
And your reaction is to just blindly go long again with another stack.
This is a gambling mentality.
in wondering about yourself, you forgot what you came here to be part of
  • #496,510
  • Oct 8, 2019 5:33am Oct 8, 2019 5:33am
Quoting ZenNy
{quote} ok.... but prices can also reverse (often) if a major bear trend line is broken then prices go back again and retest the recent extreme (can be a test, a LL or an HL) and then the signal bar is a strong reversal bull bar..... An expert trade can also buy with a limit order around there but for a nobody like myself I suggest a bull trend bar....at least for a 1:1 RR...done for the day.
WHATEVER... the price has to close above daily open... for sure. To be bullish day next day. Keep that in mind.

I do not rely on reversal candle on the bullish 4 hr candle after a fall. The bullish 4 hr candle is just a caution.
Intraday only.
  • #496,511
  • Oct 8, 2019 5:34am Oct 8, 2019 5:34am
Quoting ZenNy
{quote} ok.... but prices can also reverse (often) if a major bear trend line is broken then prices go back again and retest the recent extreme (can be a test, a LL or an HL) and then the signal bar is a strong reversal bull bar..... An expert trade can also buy with a limit order around there but for a nobody like myself I suggest a bull trend bar....at least for a 1:1 RR...done for the day. EDIT: also look at springs/upthrust patterns by wyckoff.
But my question is why you venture long on a falling day?
Intraday only.
  • #496,512
  • Oct 8, 2019 5:40am Oct 8, 2019 5:40am
Quoting Neil0163
1.2380-1.2400 zone tested now we have a potential star pattern (on close of this candle) I wont enter but my prediction for NFP for tomorrow will be a spike back up then a drop down. If this dosent happen then I'll stick to game plan stated in previous post however this is what I wanted to see. Gold has the exact same set up for those interested, I've not posted it on FF but was talking about it to a fellow trader on Instagram today, (no I'm not a Instagram trader who offers signals before someone says) again spiked right into the reversal zone....
From October the 3rd
  • #496,513
  • Oct 8, 2019 5:40am Oct 8, 2019 5:40am
Quoting RobyTurboSS
GBPUSD sold above 1.24000 , the chance to turn back are less than 25%, i wasn't expecting to see it rising more than 1.24250 anyway.If he goes below 1.23000 with no reaction in that area , the chances to go back to 1.24000 are 0%.I can add to this USDJPY who found the bottom and is ready to rally ( at least short term).
was above 1.23300 when i posted this

Quoting RobyTurboSS
Long positions should exit at this point...it's not coming back,lost all the upside momentum,if friday reaction was fake this is a dangerous situation now...it's on his way to 1.22000-- The Big Bear woke up
and above 1.2300 at the moment i posted this
Stay tuned for the next one
  • #496,514
  • Oct 8, 2019 5:41am Oct 8, 2019 5:41am
noteworthy is how the EU has backtracked on his " Alternative Arrangements " proposals

now they 're claiming that Northern Ireland must remain within the EU customs union , flat and square
  • #496,515
  • Oct 8, 2019 5:42am Oct 8, 2019 5:42am
Quoting ZenNy
{quote} ok.... but prices can also reverse (often) if a major bear trend line is broken then prices go back again and retest the recent extreme (can be a test, a LL or an HL) and then the signal bar is a strong reversal bull bar..... An expert trade can also buy with a limit order around there but for a nobody like myself I suggest a bull trend bar....at least for a 1:1 RR...done for the day. EDIT: also look at springs/upthrust patterns by wyckoff.
And I will tell you when to counter the falling day.

Last 4 hr candle in NY session is worth and less risk.
Intraday only.
  • #496,516
  • Oct 8, 2019 5:44am Oct 8, 2019 5:44am
oh my. I'd be scared if I was a bull now. Things are about to get fugly big time.
  • #496,517
  • Oct 8, 2019 5:45am Oct 8, 2019 5:45am
sl hited
  • #496,518
  • Oct 8, 2019 5:45am Oct 8, 2019 5:45am
expect a bit of retrace.... before another fall.
Intraday only.
  • #496,519
  • Oct 8, 2019 5:47am Oct 8, 2019 5:47am
Quoting asgcorp
oh my. I'd be scared if I was a bull now. Things are about to get fugly big time.
haha FUGLY
  • #496,520
  • Oct 8, 2019 5:47am Oct 8, 2019 5:47am
Quoting asgcorp
oh my. I'd be scared if I was a bull now. Things are about to get fugly big time.
are you ready ? i suppost not
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yes yes yes
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