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Cable Update (GBPUSD)

  • #510,641
  • Feb 4, 2020 1:34am Feb 4, 2020 1:34am
That down move destroyed me. Was expecting an uptrend
  • #510,642
  • Feb 4, 2020 1:35am Feb 4, 2020 1:35am
still expecting bull rally soon back to above 1.33xx
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  • #510,643
  • Feb 4, 2020 1:35am Feb 4, 2020 1:35am
Quoting zoolc
Just follow the price direction.... Running 14 lots on GU {image}
Too much risk for your account size.
  • #510,644
  • Feb 4, 2020 1:38am Feb 4, 2020 1:38am
Quoting Moty
Yesterday I went in without listening to the market and paid dearly, today I will wait and listen and even wait for the price to rise above the area of daily pivot and weekly s1 to enter, there is enough profit there to gain for the daily R1, 70 pips {image} {image}
asian box break.
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Intraday only.
  • #510,645
  • Feb 4, 2020 1:39am Feb 4, 2020 1:39am
Quoting kuroro001
{quote} Overall GBP longs have been reduced from 59% to 52% In order for all these longs to be reduced we'd need a fall in prices. The best probability on the weekly would be to keep shorting rallies. Higher prices are just a super opportunity to sell into it for the time being {image} Thing is a rise in price should be equal to a rise from the longs. Its not the case right now. Especially when we are near the top of a move. So many weird things to watch out
So far so good. Keep shorting rallies

1,2930 i'm still waiting for it.

We could be around that area or lower for weeks i guess until longs kick in.

Any big rise would be great to short the hell out of it again
COT: The precious data ignored
  • #510,646
  • Feb 4, 2020 1:41am Feb 4, 2020 1:41am
Quoting akim0895
{quote} waiting for that level too.. but how about 2890..
may be after retracement, but this week
Intraday only.
  • #510,647
  • Feb 4, 2020 1:45am Feb 4, 2020 1:45am
Took 20 pips and out for now... Waiting for London...
  • #510,648
  • Feb 4, 2020 1:47am Feb 4, 2020 1:47am
Quoting kuroro001
{quote} So far so good. Keep shorting rallies 1,2930 i'm still waiting for it. We could be around that area or lower for weeks i guess until longs kick in. Any big rise would be great to short the hell out of it again
1.2930 area that's near the daily up trend in my chart above. every time we touch that trend we get a strong bounce above 300pips
  • #510,649
  • Feb 4, 2020 1:53am Feb 4, 2020 1:53am
Quoting msniper
{quote} 1.2930 area that's near the daily up trend in my chart above. every time we touch that trend we get a strong bounce above 300pips
Yes, its an important area around here.

If shorts, its a good area to take nice profits. I just wouldn't take longs right now though.
I prefer shorting bounces than buying dips

And we have plenty of pairs, so lets wait for a bounce, invest elsewhere, when gbp is high enough...short it
COT: The precious data ignored
  • #510,650
  • Feb 4, 2020 1:55am Feb 4, 2020 1:55am
Quoting msniper
{quote} 1.2930 area that's near the daily up trend in my chart above. every time we touch that trend we get a strong bounce above 300pips
It's more like 1.29395 per MurreyMath but it's also dancing on this trend line support....
Lost....
  • #510,651
  • Feb 4, 2020 1:56am Feb 4, 2020 1:56am
Quoting msniper
{quote} 1.2930 area that's near the daily up trend in my chart above. every time we touch that trend we get a strong bounce above 300pips
Attached Image (click to enlarge)
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Source : fxcm

Maybe long soon
COT: The precious data ignored
  • #510,652
  • Feb 4, 2020 1:57am Feb 4, 2020 1:57am
Quoting msniper
{quote} 1.2930 area that's near the daily up trend in my chart above. every time we touch that trend we get a strong bounce above 300pips
DXY jump up again so see some correlation here.. Another day up of USD... while they cant even gets election votes done... :-)
  • #510,653
  • Feb 4, 2020 1:58am Feb 4, 2020 1:58am
Quoting navk
{quote} may be after retracement, but this week
let see what london play..
if there any retrace so maybe next 2 hour..
i might be wrong too..
just for a cup of coffee...
  • #510,654
  • Feb 4, 2020 1:58am Feb 4, 2020 1:58am
Black gu
Sell the highs
1sh target 1.29041
Attached Image (click to enlarge)
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yes yes yes
  • #510,655
  • Feb 4, 2020 2:03am Feb 4, 2020 2:03am
Quoting Moty
Black gu Sell the highs 1sh target 1.29041 {image}
lets see london first... it could be the break today, but it could also be awaiting some later news date as others here say.

we saw in the night that AUD had some effect/correlation on the pound... i would like to see some uppward movement in both pairs for now :-)
  • #510,656
  • Feb 4, 2020 2:06am Feb 4, 2020 2:06am
My new deposit was updated only now.
I will not rush into trade like i used to do..
I will wait patiently for the retrace and reliable reversal, or break of last low
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yes yes yes
  • #510,657
  • Feb 4, 2020 2:14am Feb 4, 2020 2:14am
Quoting Moty
My new deposit was updated only now. I will not rush into trade like i used to do.. I will wait patiently for the retrace and reliable reversal, or break of last low {image}
Moty, a possible way to trade....


Trade asian box break out, after frankfurt open.
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Intraday only.
  • #510,658
  • Feb 4, 2020 2:26am Feb 4, 2020 2:26am
The 50 ema band is below 200 ema .
Waiting for the signle
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yes yes yes
  • #510,659
  • Feb 4, 2020 2:26am Feb 4, 2020 2:26am
Quoting navk
{quote} Moty, a possible way to trade.... Trade asian box break out, after frankfurt open. {image}
you trade that as a breakout trade between Frankfurt and london open mainly?
  • #510,660
  • Feb 4, 2020 2:27am Feb 4, 2020 2:27am
Quoting Moty
My new deposit was updated only now. I will not rush into trade like i used to do.. I will wait patiently for the retrace and reliable reversal, or break of last low {image}
I hope you will learn from your mistakes... dont forget your rule your strategy.

just giving advice
1. strategy
2. money management
3. psychology
4. discipline
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