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Cable Update (GBPUSD)

  • #507,381
  • Dec 31, 2019 11:07am Dec 31, 2019 11:07am
Quoting Marz30
{quote} I would like to know as well. +150 pips in a few hours? i still avoid this pair because of the margin requirements
USD has been weak since the attack on the embassy
in wondering about yourself, you forgot what you came here to be part of
  • #507,382
  • Dec 31, 2019 11:13am Dec 31, 2019 11:13am
Quoting ChiForex
{quote} Target met, standing aside for now. Will turn to sell according to 2020 January candle open
Looking at market price action..Now you can better understand WHY I said will wait for January candle...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #507,383
  • Dec 31, 2019 11:36am Dec 31, 2019 11:36am
Happy new year think about 2020 for uk in terms of tourist . You have to think between the lines . Good money i made on longs
  • #507,384
  • Dec 31, 2019 12:08pm Dec 31, 2019 12:08pm
Quoting Coreg2004
...and I am done for today.{image} DX chart {image} Enjoy your day everyone...
wait for reversal signal...don't rush.
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Always trade your own plan...I don't provide trading signals.
  • #507,385
  • Dec 31, 2019 12:18pm Dec 31, 2019 12:18pm
Quoting Mtsai
Haibo what's happening with GU
Very Very Thin Volume.
  • #507,386
  • Edited 1:19pm Dec 31, 2019 1:06pm | Edited 1:19pm
Looks like we will open on Thursday with a 100+ pips gap on short..I'm worried because I was still holding a long I'm pretty sure it'll be on major minus
  • #507,387
  • Dec 31, 2019 1:25pm Dec 31, 2019 1:25pm
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yes yes yes
  • #507,388
  • Dec 31, 2019 8:14pm Dec 31, 2019 8:14pm
I did say Buy a day ago for 1 reason. There was space through this zone caused by price action on the last bearish move.

There was No Resistance - No Orders - No Liquidity

It had to run to the top for Liquidity, always follow the previous action looking for SPACE
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #507,389
  • Dec 31, 2019 10:31pm Dec 31, 2019 10:31pm
Quoting Never
3200 is the upside target maybe Monday {image}
I told this the trend line around 3200
  • #507,390
  • Dec 31, 2019 10:59pm Dec 31, 2019 10:59pm
Invariably, one can avoid losses by not doing counter trend trading.

Trend ? Look at hourly, 4hr and Daily trend.

Signal ? It comes in London session or NY session. Mostly in London session.

Most would have lost money, ( Includes me ) trying to catch top yesterday.
Attached Image (click to enlarge)
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Intraday only.
  • #507,391
  • Jan 1, 2020 12:58am Jan 1, 2020 12:58am
Quoting navk
Invariably, one can avoid losses by not doing counter trend trading. Trend ? Look at hourly, 4hr and Daily trend. Signal ? It comes in London session or NY session. Mostly in London session. Most would have lost money, ( Includes me ) trying to catch top yesterday. {image}
hi, what does blue/red lines indicate in your chart?
  • #507,392
  • Jan 1, 2020 1:35am Jan 1, 2020 1:35am
Quoting krst8
{quote} hi, what does blue/red lines indicate in your chart?
those are repainting ones.

But you can use TMA or any other bands ... price dips below bands in a rising trend is buy opportunity
Intraday only.
  • #507,393
  • Jan 1, 2020 10:01am Jan 1, 2020 10:01am
we see 1.33 and more bollinger daily and so on.we are near.need time to wait short.but all is very ovebought.extremaly.
  • #507,394
  • Jan 1, 2020 10:12am Jan 1, 2020 10:12am
i think we dropped like stone so this is reaction refill this drop.last candle changed daily trend daily trend now bull
  • #507,395
  • Jan 1, 2020 10:30am Jan 1, 2020 10:30am
1.33 1.33700 we see
  • #507,396
  • Jan 1, 2020 12:01pm Jan 1, 2020 12:01pm
gbpaud, I'm in a long position. 1.88418
it will probably continue to rise.
  • #507,397
  • Jan 1, 2020 4:15pm Jan 1, 2020 4:15pm
Short to 1.2680 - 1.2588......we will see.
Lost....
  • #507,398
  • Jan 1, 2020 4:36pm Jan 1, 2020 4:36pm
Quoting Never
{quote} I told this the trend line around 3200
Hi RickM, Can you explain what you mean? I don't understand what you're referring to.

Do you see a short coming?
  • #507,399
  • Edited 6:19pm Jan 1, 2020 6:08pm | Edited 6:19pm
Quoting addie31
{quote} Hi RickM, Can you explain what you mean? I don't understand what you're referring to. Do you see a short coming?
Hi Addie31

Do I see a short coming, short term NO. There were two Vacuums we had to watch, 1.3211 & 1.3261. I did say a few days make it was going to 1.32 from 1.30, that was just a general Buy Call.
So I am Buying to 1.3261

This week, 9 calls - worst call was 0.5 pip short of target ( it must be my lucky week )
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #507,400
  • Jan 1, 2020 9:22pm Jan 1, 2020 9:22pm
Quoting Tarikm
{quote} I really like your trading style please explain how you choose your entry it seem you know always the direction and you trade big lots with small account very interesting
Not so...
Sometime i trade in wrong direction too
We can learn from everyone here
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