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Cable Update (GBPUSD)

  • #507,741
  • Jan 7, 2020 6:51am Jan 7, 2020 6:51am
Loss n profit part of it. Today bite me.
Enter long both GU n other GBP crosss. May force be with me. Hahahhh
  • #507,742
  • Jan 7, 2020 7:10am Jan 7, 2020 7:10am
Quoting Guztro
{quote} Agree, still bearish, just seen a bit differently, I'm trading this as a WXY on the H4. Finding confluence, Y lines up perfectly with Fib Level 2.600 Guz {image} {image}
I am sharing your view that we should reach around those levels longterm. Do you scalp your way down there or you keep a long trade. With this pairs volatility i find it "tought" mentally to put in a short and keep it there... the move this morning was one such moment!
  • #507,743
  • Jan 7, 2020 7:11am Jan 7, 2020 7:11am
Quoting Moty
TIME FOR LONG ! {image}
Where is your stop loss?
  • #507,744
  • Jan 7, 2020 7:13am Jan 7, 2020 7:13am
Quoting knkie
Sell 3160 60 pip targt {image}

Exit
+58 pips
in wondering about yourself, you forgot what you came here to be part of
  • #507,745
  • Jan 7, 2020 7:14am Jan 7, 2020 7:14am
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yes yes yes
  • #507,746
  • Jan 7, 2020 7:18am Jan 7, 2020 7:18am
Quoting krst8
{quote} I am sharing your view that we should reach around those levels longterm. Do you scalp your way down there or you keep a long trade. With this pairs volatility i find it "tought" mentally to put in a short and keep it there... the move this morning was one such moment!
I have more than one account, 2 of my accounts are long term targeting the 100% /1.618 / 2.6% and 4.23% etc. When scalping, I use the key Fib levels in the second image.

Guz
Charts don't drive price, market conditions drive price...
  • #507,747
  • Jan 7, 2020 7:19am Jan 7, 2020 7:19am
Quoting knkie
{quote} Exit +58 pips
What did the other 2 pips do to you
Charts don't drive price, market conditions drive price...
  • #507,748
  • Jan 7, 2020 7:21am Jan 7, 2020 7:21am
Quoting Tekin
{quote} not today
will it visit back 1.3178?
  • #507,749
  • Jan 7, 2020 7:21am Jan 7, 2020 7:21am
Quoting Almo2312
{quote} Me 2 but for 50 pips.. Trade safe
Took my 50 pips.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #507,750
  • Jan 7, 2020 7:31am Jan 7, 2020 7:31am
Think we reach 1.3095 according to 4hour ici cloud exit, have a partial TP just below that 1.3080 as i expect a fall of stops if we so indeed cross the cloud.

Next partial TP at about above 1.3 as we reach daily cloud level about this level. At christmas we never reach into daily cloud, but maybe now, crossing fingers ;-)
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  • #507,751
  • Jan 7, 2020 7:34am Jan 7, 2020 7:34am
Quoting Guztro
{quote} What did the other 2 pips do to you
i always tip 2 pips
in wondering about yourself, you forgot what you came here to be part of
  • #507,752
  • Jan 7, 2020 7:34am Jan 7, 2020 7:34am
Quoting knkie
{quote} agreed i think the chart is showing traders dont know what to make of the international situation. One would think the USD would be weaker but its hanging in there. Its mainly JPY & AUD that are weak today. 3170 area is prooving to be very difficult to break. As you said: coin flip
London Session looked like a good ol' stop hunt for early sellers, short term short bias, least til Monday's price at start of London...might be asking for too much though.
  • #507,753
  • Jan 7, 2020 7:35am Jan 7, 2020 7:35am
Quoting Ra.
{quote} London Session looked like a good ol' stop hunt for early sellers, short term short bias, least til Monday's price at start of London...might be asking for too much though.
actually looks like its setting up to reverse off the 5/15 charts.
  • #507,754
  • Jan 7, 2020 7:45am Jan 7, 2020 7:45am
Quoting Ra.
{quote} actually looks like its setting up to reverse off the 5/15 charts.
it could go into a 90 pip range....H4 chart
that would be from 3100 to 3190 or there abouts.
Attached Image
in wondering about yourself, you forgot what you came here to be part of
  • #507,755
  • Jan 7, 2020 7:48am Jan 7, 2020 7:48am
Quoting knkie
{quote} it could go into a 90 pip range....H4 chart that would be from 3100 to 3190 or there abouts. {image}
yeah I priced the exhaustion at 3100 for bears, will see how it plays off there.
  • #507,756
  • Jan 7, 2020 7:50am Jan 7, 2020 7:50am
Guys do you see different economic calendar different result & forecast are they going to trick us ? then why
how a news be different thanks - waiting for your feedback
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To Win You Must Loss Something ...
  • #507,757
  • Jan 7, 2020 7:55am Jan 7, 2020 7:55am
Quoting Samirmirzad
Guys do you see different economic calendar different result & forecast are they going to trick us ? then why how a news be different thanks - waiting for your feedback {image} {image}
Forecast are predictions, i'd check the source, most likely difference of opinions from their news feed.
  • #507,758
  • Edited 8:19am Jan 7, 2020 8:00am | Edited 8:19am
top ranging play continues , 2943 to 3380 - 3500 range , may not go below 2943 or 2900 so soon & may further bull if intact 2900 and breaks previous top 3514.
weekly likely test support 2943/2900 before the top test , Daily & below tf may get support 3097/52 for try immediate top 3280 or 3366 .
take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #507,759
  • Jan 7, 2020 8:02am Jan 7, 2020 8:02am
Yea know that but if you see the result is also different how can a news result be different in to economic calendar, do they make the result
are the central banks reporting ? BoOm !
To Win You Must Loss Something ...
  • #507,760
  • Jan 7, 2020 8:14am Jan 7, 2020 8:14am
buy
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