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Cable Update (GBPUSD)

  • #504,701
  • Nov 28, 2019 3:01am Nov 28, 2019 3:01am
if its thanksgiving today in the USA...
will the markets be open?
in wondering about yourself, you forgot what you came here to be part of
  • #504,702
  • Nov 28, 2019 3:04am Nov 28, 2019 3:04am
Quoting Tekin
{quote} Last two m15 candle was good but i anticipate more down today there is no data and is holiday and we are under london opening lets see what will happen i already closed sell from 1.2940
Going short makes two of us, I already have a sell order triggered at my resistance level, well the reason I make these type of decisions is because I'm more of a momentum guy so, for now, I see selling pressure and there's a mini double top.
Plan your trades and trade your plan.
  • #504,703
  • Nov 28, 2019 3:04am Nov 28, 2019 3:04am
Quoting Georginson
{quote} Hey bro... I do suggest you cash out your longs now. 1.3000 is just 60 pips away while 1.2700 is 240 pips away, would you risk 240 pips for 60 pips? And besides you are in gain, you can recover previous losses gradually. Just my view bro. Trade safe!
how you sure 100% its will stop on 1.3?do you have any crystal ball for that?

how one can be sure 100% in this market?..

its all speculations thats all nothing more.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #504,704
  • Nov 28, 2019 3:08am Nov 28, 2019 3:08am
Quoting knkie
if its thanksgiving today in the USA... will the markets be open?
instituations and banks will be close
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #504,705
  • Nov 28, 2019 3:12am Nov 28, 2019 3:12am
Quoting Almo2312
{quote} instituations and banks will be close
k thanx...
might be a quiet NY session if everyone is eating dinner...
in wondering about yourself, you forgot what you came here to be part of
  • #504,706
  • Nov 28, 2019 3:19am Nov 28, 2019 3:19am
Quoting knkie
{quote} k thanx... might be a quiet NY session if everyone is eating dinner...
Lol... European and Asia still working.... ^_^
  • #504,707
  • Nov 28, 2019 3:29am Nov 28, 2019 3:29am
Quoting NieFenG999
{quote} Lol... European and Asia still working.... ^_^
yeah but if the americans are eating turkey and drinking eggnog then the liquidity will be low.
or not.
im jus thinking out loud.
in wondering about yourself, you forgot what you came here to be part of
  • #504,708
  • Nov 28, 2019 3:31am Nov 28, 2019 3:31am
anyone considering these possible patterns
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  • #504,709
  • Nov 28, 2019 3:35am Nov 28, 2019 3:35am
Quoting msniper
anyone considering these possible patterns {image} {image}
I believe in the 4hr chart, I'm not sure of the daily though.
Plan your trades and trade your plan.
  • #504,710
  • Nov 28, 2019 3:44am Nov 28, 2019 3:44am
ok now im on a thanxgiving mission
apparently, TG is a great day for breakouts in the forex market ...
https://www.investing.com/analysis/f...outs-200488260

In 2017 GBP/USD hit a 1 month high Thanksgiving day
In 2016, EUR/USD dropped to an 11 month low
In 2015, GBP/USD fell to a 7-month low
in wondering about yourself, you forgot what you came here to be part of
  • #504,711
  • Nov 28, 2019 3:47am Nov 28, 2019 3:47am
Quoting Almo2312
{quote} how you sure 100% its will stop on 1.3?do you have any crystal ball for that? how one can be sure 100% in this market?.. its all speculations thats all nothing more.
There are several models which points at it stopping anywhere around 1.30xx for the time being.

Firstly, every 680 - 880 pips range movement is followed by at least 300 or more pips retracement (1.2194 - 1.3012 = 818 pips, could still get 1.3050 to round up 856 pips) which will reverse by 300 pips or more... 1.3012 - 300 = 1.2712.

Secondly, GBPUSD hardly have 3 months of consecutive buying, last time this happened was October 2012.

Thirdly, only until brexit is clear to pass would we see 1.3500 and this will only happen if Conservatives win clear majority but in a case of hung Parliament, 1.1700 might be visited.

In conclusion, 1.2700 will most likely happen before 1.3500 can be seen, so the most this pair can rise to before the election is 1.305x.

This is my humble analysis and research work, no one is under compulsion to follow it as this market is full of surprises. Stay green!
Data + Stat + Risk/Emotions Management
  • #504,712
  • Nov 28, 2019 3:48am Nov 28, 2019 3:48am
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yes yes yes
  • #504,713
  • Nov 28, 2019 3:53am Nov 28, 2019 3:53am
Quoting knkie
if its thanksgiving today in the USA... will the markets be open?

Thanks giving, that is correct. Expect big moves while people eating their pies
Stuff traders while they're stuffing their faces
New Years too is a time to watch out for. i.e Japanese flash crash around January 2019 (or was it right before christmas). They said a group of traders at inst. banks took advantage of the low liquidity in the markets.
  • #504,714
  • Nov 28, 2019 3:53am Nov 28, 2019 3:53am
Quoting Georginson
{quote} There are several models which points at it stopping anywhere around 1.30xx for the time being. Firstly, every 680 - 880 pips range movement is followed by at least 300 or more pips retracement (1.2194 - 1.3012 = 818 pips, could still get 1.3050 to round up 856 pips) which will reverse by 300 pips or more... 1.3012 - 300 = 1.2712. Secondly, GBPUSD hardly have 3 months of consecutive buying, last time this happened was October 2012. Thirdly, only until brexit is clear to pass would we see 1.3500 and this will only happen if Conservatives...

good luck mate i just a day trader i look usually to earn 30 to 50 pips daily so i dont look for the large pips

stay green
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #504,715
  • Nov 28, 2019 3:56am Nov 28, 2019 3:56am
Quoting Ra.
{quote} bank Thanks giving, that is correct. Expect big moves while people eating their pies Stuff traders while they're stuffing their faces New Years too is a time to watch out for. i.e Japanese flash crash around January 2019 (or was it right before christmas). They said a group of traders at inst. banks took advantage of the low liquidity in the markets.
i wonder if traders in the USA will be drunk when they trade after dinner lol
or angry after fights with in-laws.
in wondering about yourself, you forgot what you came here to be part of
  • #504,716
  • Nov 28, 2019 4:05am Nov 28, 2019 4:05am
My view EG
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  • #504,717
  • Nov 28, 2019 4:07am Nov 28, 2019 4:07am
short 1.2933

target 1.2916
Don't trade what you think. Just what you see!!!
  • #504,718
  • Nov 28, 2019 4:18am Nov 28, 2019 4:18am
ok this is my TG trade today.

Buy 2938
trgt 45 pips (2981 or there abouts)

2939 is a strong Resistance level btw...im taking a risk by entering below that.
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in wondering about yourself, you forgot what you came here to be part of
  • #504,719
  • Nov 28, 2019 4:25am Nov 28, 2019 4:25am
Wolf wave on EG so I think GU short for a while.
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  • #504,720
  • Nov 28, 2019 4:28am Nov 28, 2019 4:28am
i am not greedy today
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yes yes yes
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