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Cable Update (GBPUSD)

  • #510,221
  • Jan 30, 2020 6:15am Jan 30, 2020 6:15am
Quoting WhiteMouseFX
{quote} 2986 and 3010
(94 + 70) pips reached the target at 3080

I insist, slingshot downwards soon.
Just weaponising it now... hahaha
Hey buddy, let's grab some Pips!
  • #510,222
  • Jan 30, 2020 6:29am Jan 30, 2020 6:29am
Quoting msniper
{quote} they didn't change the rate and its flying without spike down as I mentioned
...to complete wave "B"
  • #510,223
  • Jan 30, 2020 6:30am Jan 30, 2020 6:30am
It's not by chance this correction my dears.
US Advance GDP coming in 1h.
Brexit tomorrow.
Also tomorrow is the favourite FX day-of-the-week for reversals. FRIDAY!
Hahahahaha..
Take care. I'm out for the next hour. Got what I wanted.
Hey buddy, let's grab some Pips!
  • #510,224
  • Jan 30, 2020 6:31am Jan 30, 2020 6:31am
Sellers are being squeezed out... Expect more bids
  • #510,225
  • Jan 30, 2020 6:31am Jan 30, 2020 6:31am
Quoting msniper
{quote} I don't have explanation as I don't understand rates and these things I only understand chart + experience all these years and how things gets repeated everytime
fully agree!

pure technical move up
  • #510,226
  • Jan 30, 2020 6:32am Jan 30, 2020 6:32am
Quoting thevisitor
{quote} fully agree! pure technical move up
Better to get cheaper shorts
COT: The precious data ignored
  • #510,227
  • Jan 30, 2020 6:33am Jan 30, 2020 6:33am
Short 1.30849, TP open (or perhaps will set it 10 minutes after)

Should've waited a bit longer as it hits >1,309

Great insights from this thread today
  • #510,228
  • Jan 30, 2020 6:35am Jan 30, 2020 6:35am
Quoting OnlineAddict
{quote} Still waiting...so far so good...the higher we go, the better.
With you. Just taken a short at 3088. Will add, if necessary.
Focus.
  • #510,229
  • Jan 30, 2020 6:35am Jan 30, 2020 6:35am
Quoting thevisitor
{quote} fully agree! pure technical move up
If PA is back to normal, we should see a pull back to 1.30326/7

Guz
Charts don't drive price, market conditions drive price...
  • #510,230
  • Edited 7:14am Jan 30, 2020 6:36am | Edited 7:14am
Quoting Coreg2004
During the day, day traders can swing like broken door back and forth...It all depends on our objectives...right now I am on the sideline. {image}
GU demolished every barrier on the way up...Last standing is the zone for completion of bat pattern..
Attached Image (click to enlarge)
Click to Enlarge Name: GU.01.30.30M.png Size: 69 KB
Always trade your own plan...I don't provide trading signals.
  • #510,231
  • Jan 30, 2020 6:36am Jan 30, 2020 6:36am
closed my longs now @ this level
  • #510,232
  • Jan 30, 2020 6:41am Jan 30, 2020 6:41am
Quoting kuroro001
{quote} Better to get cheaper shorts
I don't need cheap I need very very cheap

I want to short between 1.33 to 1.34

the 1.31 and 1.32 don't satisfy me
  • #510,233
  • Jan 30, 2020 6:42am Jan 30, 2020 6:42am
Cable will keep flying

I don't advice anyone to short we have a bottom now

we might get a correction back to 1.302x but then it will fly up again
  • #510,234
  • Jan 30, 2020 6:42am Jan 30, 2020 6:42am
Quoting msniper
{quote} I don't have explanation as I don't understand rates and these things I only understand chart + experience all these years and how things gets repeated everytime
gotcha, same reason I went long lol....

I'm thinking they may dump it on USD news
  • #510,235
  • Jan 30, 2020 6:48am Jan 30, 2020 6:48am
GBP is only moving because of USDX.
Very strong reversal expected.
Have a look at DX and tell me what you guys think.

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_1014483_USDX_2020-01-30_23-45-18.png Size: 76 KB
Hey buddy, let's grab some Pips!
  • #510,236
  • Jan 30, 2020 6:49am Jan 30, 2020 6:49am
Quoting Marco-Kanto
{quote} With you. Just taken a short at 3088. Will add, if necessary.
I am willing to short up to 3250+, lets see if we have a push up.
Everyone can see the chart, but only a few can actually read it.
  • #510,237
  • Jan 30, 2020 6:50am Jan 30, 2020 6:50am
Quoting WhiteMouseFX
GBP is only moving because of USDX. Very strong reversal expected. Have a look at DX and tell me what you guys think. {image}
Dude, please be serious...GU couldn't care less about USDX(GU can move 1000 pips without USDX moving more than 100)...this upmove is all about BoE, fundamentals.
Everyone can see the chart, but only a few can actually read it.
  • #510,238
  • Jan 30, 2020 6:58am Jan 30, 2020 6:58am
Lol they are only searching for liquidity to dump, keep buying guys and your only feeding the shorts
Follow The Markets Structure - Patience and Discipline
  • #510,239
  • Jan 30, 2020 7:01am Jan 30, 2020 7:01am
Quoting msniper
{quote} I don't need cheap I need very very cheap I want to short between 1.33 to 1.34 the 1.31 and 1.32 don't satisfy me
That high would be perfect for new cheap shorts
COT: The precious data ignored
  • #510,240
  • Jan 30, 2020 7:02am Jan 30, 2020 7:02am
Quoting OnlineAddict
{quote} Dude, please be serious...GU couldn't care less about USDX(GU can move 1000 pips without USDX moving more than 100)...this upmove is all about BoE, fundamentals.
What?
Hey buddy, let's grab some Pips!
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