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Cable Update (GBPUSD)

  • #511,721
  • Feb 13, 2020 6:44am Feb 13, 2020 6:44am
Quoting Lu10mg
Buy gu 1.2957 tp 1.3050 sl 2920 close at 1.3043 take profit cheers
gbp
  • #511,722
  • Feb 13, 2020 6:45am Feb 13, 2020 6:45am
Quoting navk
{quote} I closed my longs, will retake longs later again in NY session
Many in the thread were preaching short.

Thankfully, I changed my direction to long.
Intraday only.
  • #511,723
  • Feb 13, 2020 6:48am Feb 13, 2020 6:48am
Quoting navk
{quote} Many in the thread were preaching short. Thankfully, I changed my direction to long.

Good job navk, follow the pipfarm, (just joking)

Such an easy trade, the set up was perfect
Follow The Markets Structure - Patience and Discipline
  • #511,724
  • Feb 13, 2020 6:49am Feb 13, 2020 6:49am
Quoting msniper
1.3040 50% fibo and 1.3079 is 61% fibo GU should get hammered any time between these fibs if daily close above 1.3050 I will turn from bearish to bullish
2 x Fib 0.50
from 3208 retracement
from 2894 expansion

Fits like a glove for now.
Hey buddy, let's grab some Pips!
  • #511,725
  • Feb 13, 2020 6:52am Feb 13, 2020 6:52am
Quoting navk
{quote} Many in the thread were preaching short. Thankfully, I changed my direction to long.
You were out before even the move started. Don't try to self praise yourself. We all know that's a false move up..
99.9% persistence
  • #511,726
  • Feb 13, 2020 6:54am Feb 13, 2020 6:54am
i think price bullish with news "Sajid Javid surprisingly resigns as UK Chancellor of Exchequer today"
  • #511,727
  • Feb 13, 2020 6:54am Feb 13, 2020 6:54am
Quoting zuluremys
{quote} You were out before even the move started. Don't try to self praise yourself. We all know that's a false move up..
I booked my long profits, most importantly I closed my shorts much much before with a small profit.

I praise myself for proper analysis.


Intraday only.
  • #511,728
  • Feb 13, 2020 6:57am Feb 13, 2020 6:57am
Quoting zuluremys
{quote} You were out before even the move started. Don't try to self praise yourself. We all know that's a false move up..

Why so aggressive, did you go the wrong way, im sure navk can post his statement as he normally does, but does he really need to , i do not think so,
Follow The Markets Structure - Patience and Discipline
  • #511,729
  • Feb 13, 2020 6:58am Feb 13, 2020 6:58am
Potential abc correction from here
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2020-02-13 14.57.54_1.jpg Size: 106 KB
yes yes yes
  • #511,730
  • Feb 13, 2020 7:09am Feb 13, 2020 7:09am
its key for long
Attached Image (click to enlarge)
Click to Enlarge Name: download 3.png Size: 50 KB
  • #511,731
  • Feb 13, 2020 7:09am Feb 13, 2020 7:09am
Quoting Moty
Potential abc correction from here {image}

Potential yes, time wise too early, let the price show its hand then grab the third wave, works most of the time

This could even be the end of daily correction , time and price will tell
Follow The Markets Structure - Patience and Discipline
  • #511,732
  • Feb 13, 2020 7:10am Feb 13, 2020 7:10am
there is one more push up in NY session before retrace
Intraday only.
  • #511,733
  • Feb 13, 2020 7:24am Feb 13, 2020 7:24am
Buying the gbp now is ok. But sellers have more advantage
99.9% persistence
  • #511,734
  • Feb 13, 2020 7:29am Feb 13, 2020 7:29am
Quoting Almo2312
{quote} I dont think..i i think now it will rocket up.. Trade safe buddy
As i felt.

Trade safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #511,735
  • Feb 13, 2020 7:29am Feb 13, 2020 7:29am
Dealers on the gbp will only make money if the market drops. And ryt now they are sitting on huge losses. See the liquidity gap on the gbpusd
99.9% persistence
  • #511,736
  • Feb 13, 2020 7:30am Feb 13, 2020 7:30am
This is how i see it,

this swing is a daily minor at the moment is corrective, first resistance is at 3070 , if that breaks its up to 3200 resistance.

What im seeing is that supports have been broken and retested on lower timeframes and we are trending up, is this an indication of the intention to push up to 3200

If i see a break of 3070 then a retrace i will take a long when 3070 breaks out again, that will be the wave 3 of wave 3
Follow The Markets Structure - Patience and Discipline
  • #511,737
  • Feb 13, 2020 7:41am Feb 13, 2020 7:41am
Quoting zuluremys
Dealers on the gbp will only make money if the market drops. And ryt now they are sitting on huge losses. See the liquidity gap on the gbpusd

What liquidity gap, do you have the order book?
Follow The Markets Structure - Patience and Discipline
  • #511,738
  • Feb 13, 2020 7:43am Feb 13, 2020 7:43am
lol
Intraday only.
  • #511,739
  • Feb 13, 2020 7:45am Feb 13, 2020 7:45am
i see dollar weakness across all pairs, some dollar pairs are in reversal and some even faking it to resistance.

i see strength across all cable pairs and others against the dollar

people check as many pairs as you can now is the time to grab a lot of profit, some cool set ups across all pairs
Follow The Markets Structure - Patience and Discipline
  • #511,740
  • Feb 13, 2020 7:53am Feb 13, 2020 7:53am
Quoting pipfarm
{quote} What liquidity gap, do you have the order book?
When you look at charts for so long you ll start to see it too.
Open your 15 min charts go back in time you will see.
The order book is on your charts.
99.9% persistence
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