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Cable Update (GBPUSD)

  • #497,601
  • Oct 11, 2019 2:11pm Oct 11, 2019 2:11pm
Quoting Moty
I'm so stubborn {image} {image}
already passed moty now have to look at the opportunities that lie ahead ... decisions.
what are your goals? keep operating like an addict?

wake up moty ... you're good but you need DISCIPLINE!!!
  • #497,602
  • Edited 2:29pm Oct 11, 2019 2:15pm | Edited 2:29pm
A trader has to understand ... "that forex is his client "... you have to do what the market wants.
and not what you want....
I see so much opportunity, but I don't take them all, because I don't like to get stuck in operations. I like to make a good profit and go out .
  • #497,603
  • Oct 11, 2019 2:23pm Oct 11, 2019 2:23pm
Quoting RazorFitch
{quote} What I have learned is that, over-trading causes rate of efficiency to decline. There is negative correlation between number of trades you do with rate of efficiency of those trade, as the brain gets exhausted, your tendency to become emotionally driven decision such as revenge trades, gambling trades, ad hoc, quick ones all those are caused due to exhaustions... My best trades are those when I wait about 2 weeks after thorough analysis and positioning, and then conduct trades in a single direction for about only 1 week with inly few trades...
I agree with you ... The mind gets tired .. A quality life out of trade makes people have healthier operations ... life is not just forex.
  • #497,604
  • Oct 11, 2019 2:30pm Oct 11, 2019 2:30pm
Quoting asgcorp
{quote} lmao. you know. the supply of suckers dried up. He got everyone to buy it - his family, grand parents, the local fellas at the retirement foundation, even the Rabbi. Still stuck @ 8k!

probably will drop to 3500 next week in 30 minutes
Blogging daily now at www.volume.zone
  • #497,605
  • Oct 11, 2019 2:35pm Oct 11, 2019 2:35pm
Quoting malcolmb14
{quote} probably will drop to 3500 next week in 30 minutes
asgcorp only sends spam here...
I think a lot before I speak about trade. .. because I know there are people following here and many can win or even lose.
  • #497,606
  • Oct 11, 2019 2:40pm Oct 11, 2019 2:40pm
Quoting Theoak
{quote} Big ones
long in at 1.2664
Don't trade what you think. Just what you see!!!
  • #497,607
  • Oct 11, 2019 2:45pm Oct 11, 2019 2:45pm
What happens if brexit proposals actually get rejected.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #497,608
  • Oct 11, 2019 2:48pm Oct 11, 2019 2:48pm
Quoting Theoak
{quote} long in at 1.2664
half load off 6 pips
Don't trade what you think. Just what you see!!!
  • #497,609
  • Oct 11, 2019 3:03pm Oct 11, 2019 3:03pm
Pump and dump still looking for short opportunities but will be a lot more cautious.
Bones fair play it worked out for you.
still looking for a retest of them lows
  • #497,610
  • Edited 3:34pm Oct 11, 2019 3:14pm | Edited 3:34pm
Quoting Marcieny
{quote} asgcorp only sends spam here... I think a lot before I speak about trade. .. because I know there are people following here and many can win or even lose.
Asgcorp, Your ideas are good. Your patience is Nada. You chop and change all the time. My stark opinion about you. Just be consistent and I hope you take this as constructive criticism.

Cheers.
Trade to trade another day
  • #497,611
  • Oct 11, 2019 3:54pm Oct 11, 2019 3:54pm
Quoting Wavegarrick
{quote} Asgcorp, Your ideas are good. Your patience is Nada. You chop and change all the time. My stark opinion about you. Just be consistent and I hope you take this as constructive criticism. Cheers.
Well Said!!!
  • #497,612
  • Oct 11, 2019 4:17pm Oct 11, 2019 4:17pm
I expect some negative brexit news over the weekend and a gap down on market open. And down some more during next week...still keeping 2390 as a short target. Possible longs between 2040-2140 in case of a no-deal panic. I would be buying that no matter what the outcome, 1.20 is a good price to buy even in a case of a hard brexit.
Everyone can see the chart, but only a few can actually read it.
  • #497,613
  • Edited 4:57pm Oct 11, 2019 4:38pm | Edited 4:57pm
so the upcoming deal will be a devil - in - the - detail kind of deal

the major step forward is that for the first time in 3 years :

The Republic of Ireland
Northern Ireland
The DUP
Downing Street
The EU

seem to be aligned around the shape of a deal :

NI leaves the EU customs union but not the EU tariff regime , under a new system called Free Trade Area with an Agri Food border in the Irish Sea and a Tariff Rebate System , respect of the Good Friday Agreement , no Border between the 2 Irelands and some Custom checks

expect some more ups and downs , but this should be the kind of deal that seems to solve the impasse
  • #497,614
  • Oct 11, 2019 5:57pm Oct 11, 2019 5:57pm
Closed all my trade have nice weekend bro and sis...
  • #497,615
  • Oct 11, 2019 6:21pm Oct 11, 2019 6:21pm
chart

Quoting Neil0163
Pump and dump still looking for short opportunities but will be a lot more cautious. Bones fair play it worked out for you. still looking for a retest of them lows
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #497,616
  • Oct 11, 2019 6:24pm Oct 11, 2019 6:24pm
I think a retracement till 1.2515 is good possible for next week, today some resistance levels from weekly and daily timeframe have been reach.
The weekly timeframe show a trendline resistance and the daily timeframe show the 200 sma touch and a channel resistance.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 54 KB
  • #497,617
  • Oct 11, 2019 7:30pm Oct 11, 2019 7:30pm
Quoting Nala66
{quote} There is a measured target on the daily for 2705 which looks likely to me.
Only took a month guys but it got there.
  • #497,618
  • Oct 11, 2019 10:26pm Oct 11, 2019 10:26pm
cheers for the update

Quoting Nala66
{quote} Only took a month guys but it got there.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily.png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #497,619
  • Oct 12, 2019 12:07am Oct 12, 2019 12:07am
good morning all .

very interesting price action on gbpusd this week .

The weekly formed a higher low and then took off to the upside. Potential for 1.3300 if this wave is a larger move up buying on the good news.

If we get crazy days like we have had last two days it may be there by the end of next week.... but I doubt , maybe two weeks out.

There will be consolidation and also test days ( down days testing for sellers ) within the move up and those are the day i will stay out of the market.

I will be looking to buy the London open of days that are trending up.

I am a day trader looking to grab 80 percent of days ranges ... no courage to buy and hold in this crazy market.
Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #497,620
  • Oct 12, 2019 12:12am Oct 12, 2019 12:12am
I wanted to know what's everyone's take on next week? I expected the reversal from the regular bullish divergence , but now I am only seeing a hidden bearish divergence?
Attached Image (click to enlarge)
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