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Cable Update (GBPUSD)

  • #499,281
  • Oct 18, 2019 12:15pm Oct 18, 2019 12:15pm
Quoting malcolmb14
Some traders think I have to be in the market all the time some make 50 trades a day to make 40 pip pretend you are a sniper wait for the clear trades I got Dax sell Dow sell and gbp buys in us 300 pip total with big lots size {image}

Super clear test on he 60 was why I bought
Attached Image (click to enlarge)
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  • #499,282
  • Oct 18, 2019 12:19pm Oct 18, 2019 12:19pm
not bragging but...

before:

Attached Image (click to enlarge)
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and after: 100 pips move to show it works very fine for me:

Attached Image (click to enlarge)
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  • #499,283
  • Oct 18, 2019 12:21pm Oct 18, 2019 12:21pm
Thanks for all answers here on the last page 24964 . .very helpful. Green Pips for you all
  • #499,284
  • Oct 18, 2019 12:21pm Oct 18, 2019 12:21pm
beautiful weekend to all
  • #499,285
  • Oct 18, 2019 12:21pm Oct 18, 2019 12:21pm
Quoting OnlineAddict
GU looks like its setting up for a drop, no matter what happens during the weekend. I am short from 2955 again. Target open. GJ short, too, 140.50.

I hope you do not have a huge account or that your account can handle a potential 800 pip gap

so let's look at it this way

if no extension is it better for all parties to leave Brexit with no deal and have crushed pound or better to take the deal that Boris thinks is ok

i tiink a deal wl be approved

gold is chilling at 1492 while Dow and Dax move down

the Dax was bought on the shake out of weak holders

deal done we have Dow up Dax up and gold down

oh and gbp up 800
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  • #499,286
  • Oct 18, 2019 12:22pm Oct 18, 2019 12:22pm
Quoting malcolmb14
{quote} I hope you do not have a huge account or that your account can handle a potential 800 pip gap
800 pip gap?

If Carney hiked the rate by 5% during the weekend, it wouldn't go up by 800 pips.

Cable is going towards 2390.
Everyone can see the chart, but only a few can actually read it.
  • #499,287
  • Oct 18, 2019 12:23pm Oct 18, 2019 12:23pm
i am setting this over brexit weekend....
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #499,288
  • Oct 18, 2019 12:24pm Oct 18, 2019 12:24pm
Quoting thevisitor
not bragging but... bevor: {image} and after: 100 pips move to show it works very fine for me: {image}
ew is very open to interpretation .. I even bought a massively expensive software once that was No help at all and I lost interest In ew

the move up was clear on the testing on the 60 ( bars. CLosing way off lows )
Blogging daily now at www.volume.zone
  • #499,289
  • Oct 18, 2019 12:27pm Oct 18, 2019 12:27pm
Quoting OnlineAddict
{quote} 800 pip gap? If Carney hiked the rate by 5% during the weekend, it wouldn't go up by 800 pips. Cable is going towards 2390.

Ok fair enough .. let's wait and see . Do you not remember oil the other day on fake news of drone attack on refinery gapped 1200 points .. refinery fixed in four days and oil tanks all way back to 51

seen it all in my 18 years of trading

800 is very strong potential .. do not forget the forex markets are open on the weekends , only our crappy brokers are not open , and liquidity is low it would be easy for big banks to move the price that much in a weekend

ehy do you think brokers have reduced leverage ? Because gbp is going to gap 100 ? 100 gaps can be normal
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  • #499,290
  • Oct 18, 2019 12:28pm Oct 18, 2019 12:28pm
Quoting thevisitor
not bragging but... before: {image} and after: 100 pips move to show it works very fine for me: {image}

not bad for a sloooooow and "dead" market..
  • #499,291
  • Oct 18, 2019 12:29pm Oct 18, 2019 12:29pm
Quoting malcolmb14
{quote} ew is very open to interpretation .. I even bought a massively expensive software once that was No help at all and I lost interest In ew the move up was clear on the testing on the 60 ( bars. CLosing way off lows )


it was very clear ..daily is bullisj 4hrs close very bullish with low test 1hr gave a solid entry ...i was busy trading eu buy scalp..it was a solid move up
MY OPINION NOT FINANCIAL ADVISE
  • #499,292
  • Oct 18, 2019 12:31pm Oct 18, 2019 12:31pm
Quoting malcolmb14
{quote} Ok fair enough .. let's wait and see . Do you not remember oil the other day on fake news of drone attack on refinery gapped 1200 points .. refinery fixed in four days and oil tanks all way back to 51 seen it all in my 18 years of trading 800 is very strong potential .. do not forget the forex markets are open on the weekends , only our crappy brokers are not open , and liquidity is low it would be easy for big banks to move the price that much in a weekend ehy do you think brokers have reduced leverage ? Because gbp is going to gap 100...
Oil is different...GU will not gap more than 100-200 pips, up or down, no matter what happens. Its worth the risk at these levels, either it gaps down...or it gaps up and retraces down first. I will take the risk, to me the setup is for a drop, but everyone should trade what he/she sees, I am not saying not to long.
Everyone can see the chart, but only a few can actually read it.
  • #499,293
  • Oct 18, 2019 12:32pm Oct 18, 2019 12:32pm
Quoting malcolmb14
{quote} Ok fair enough .. let's wait and see . Do you not remember oil the other day on fake news of drone attack on refinery gapped 1200 points .. refinery fixed in four days and oil tanks all way back to 51 seen it all in my 18 years of trading 800 is very strong potential .. do not forget the forex markets are open on the weekends , only our crappy brokers are not open , and liquidity is low it would be easy for big banks to move the price that much in a weekend ehy do you think brokers have reduced leverage ? Because gbp is going to gap 100...

Malcolm One of my mentor from Auslanco crew...
MY OPINION NOT FINANCIAL ADVISE
  • #499,294
  • Oct 18, 2019 12:32pm Oct 18, 2019 12:32pm
Based on this Dax chart I swear they already know the vote results 😂

That double bottoms was bought hard both times
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4260.PNG Size: 206 KB
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  • #499,295
  • Oct 18, 2019 12:32pm Oct 18, 2019 12:32pm
So may be last time short on the way, 1st target 2911.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #499,296
  • Oct 18, 2019 12:34pm Oct 18, 2019 12:34pm
Quoting thevisitor
not bragging but... before: {image} and after: 100 pips move to show it works very fine for me: {image}
neither do I...
Attached Image(s) (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #499,297
  • Oct 18, 2019 12:35pm Oct 18, 2019 12:35pm
Quoting donfriday
{quote} Malcolm One of my mentor from Auslanco crew...

Back in the days 👍
Blogging daily now at www.volume.zone
  • #499,298
  • Oct 18, 2019 12:36pm Oct 18, 2019 12:36pm
Quoting malcolmb14
{quote} ew is very open to interpretation .. I even bought a massively expensive software once that was No help at all and I lost interest In ew the move up was clear on the testing on the 60 ( bars. CLosing way off lows )
for me vsa is very open to interpretation..
even with low volume you can load lot of pips
i love EW for years!
not only using EWP.
my trading-style is very flexible, not a fix technical system
that's my holy grail..

with respect an thanks for your great input here

TV
  • #499,299
  • Oct 18, 2019 12:38pm Oct 18, 2019 12:38pm
Quoting Coreg2004
{quote} neither do I... {image} {image}
same wave...

respect!!
  • #499,300
  • Oct 18, 2019 12:39pm Oct 18, 2019 12:39pm
Quoting OnlineAddict
{quote} Oil is different...GU will not gap more than 100-200 pips, up or down, no matter what happens. Its worth the risk at these levels, either it gaps down...or it gaps up and retraces down first. I will take the risk, to me the setup is for a drop, but everyone should trade what he/she sees, I am not saying not to long.

Hope its only 200 so I can get in on the ride to 1.2 with roby 😂

I am flat into the weekend . Markets move every day of the week so the risk of gaps not worth it to me .. money is there to be made every day
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