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Cable Update (GBPUSD)

  • #512,461
  • Feb 24, 2020 6:31am Feb 24, 2020 6:31am
Nice bear trap there below 2900. From there probably long most of the week...
Everyone can see the chart, but only a few can actually read it.
  • #512,462
  • Feb 24, 2020 6:37am Feb 24, 2020 6:37am
Quoting Almo2312
{quote} according to your gann indi how much pips do you take when it turn to bearish ,just courious thanks
you target anywhere above the gann in a bigger frame daily or weekly or monthly

and if in all frames you are below the gann then u keep holding short until 1 day or 4h candle close above gann again so u exit ur short or stoploss
  • #512,463
  • Feb 24, 2020 6:40am Feb 24, 2020 6:40am
Guys take care these day's i am always seeing post from this thread but not going to talk much - if you see the monthly candle
there is a gap between January & February candle so also don't forget 1.30 is the center i am not confusing but i say
this the market may trap every one in this week - thanks

Moty - Navk i see your all post great job guys !
To Win You Must Loss Something ...
  • #512,464
  • Feb 24, 2020 6:46am Feb 24, 2020 6:46am
Quoting msniper
{quote} you target anywhere above the gann in a bigger frame daily or weekly or monthly and if in all frames you are below the gann then u keep holding short until 1 day or 4h candle close above gann again so u exit ur short or stoploss
thanks
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #512,465
  • Feb 24, 2020 6:51am Feb 24, 2020 6:51am
for your information !

Not confusing but market may act very slow or very fast to the points ..as in pic
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD BID 4H since 1241 2020-01-15 to 1051 2020-03-12.png Size: 103 KB
To Win You Must Loss Something ...
  • #512,466
  • Feb 24, 2020 7:19am Feb 24, 2020 7:19am
Ingulfing bullish hourly candle
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2020-02-24 15.18.25_1.jpg Size: 124 KB
yes yes yes
  • #512,467
  • Feb 24, 2020 7:44am Feb 24, 2020 7:44am
Gbpusd is slow today with no lasting trendy move, waiting for London close to fold my bags today
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #512,468
  • Feb 24, 2020 7:59am Feb 24, 2020 7:59am
Quoting Moty
Ingulfing bullish hourly candle {image}
looks like fake ,, so call bull trap..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #512,469
  • Feb 24, 2020 8:23am Feb 24, 2020 8:23am
Quoting Almo2312
{quote} looks like fake ,, so call bull trap..
Look like up up and away we go
Attached Image(s) (click to enlarge)
Click to Enlarge Name: New Doc 2020-02-24 16.21.44_1.jpg Size: 125 KB
Click to Enlarge Name: New Doc 2020-02-24 16.22.55_1.jpg Size: 112 KB
yes yes yes
  • #512,470
  • Feb 24, 2020 8:28am Feb 24, 2020 8:28am
Quoting Moty
{quote} Look like up up and away we go {image} {image}
took some and out ..PA chopy

trade safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #512,471
  • Feb 24, 2020 8:40am Feb 24, 2020 8:40am
Looks like the pair have bottomed up and it's ready to rise again.

Attached Image (click to enlarge)
Click to Enlarge Name: Gbp today.png Size: 56 KB
The biggest risk is not taking a risk.
  • #512,472
  • Feb 24, 2020 8:42am Feb 24, 2020 8:42am
Quoting Moty
Ingulfing bullish hourly candle {image}
moty, for rest of the week, it is likely to be bullish.

do not quit from long trade quickly
Intraday only.
  • #512,473
  • Feb 24, 2020 9:04am Feb 24, 2020 9:04am
Quoting navk
{quote} moty, for rest of the week, it is likely to be bullish. do not quit from long trade quickly
I agree, i've been tracking USDCAD for a little bit, and it looks like its ready to drop this week, which IMO is influenced by USD.

Monday gap was to get out SL sets of early Short sellers.

I know GU and UCAD dont exactly ....co-relate, but I see weak USD on my end here.
  • #512,474
  • Edited 9:58am Feb 24, 2020 9:16am | Edited 9:58am
Dx has drop and the gu didn't even blink.
At least the price gone above the 50 sma band
Attached Image(s) (click to enlarge)
Click to Enlarge Name: New Doc 2020-02-24 17.15.13_1.jpg Size: 88 KB
Click to Enlarge Name: New Doc 2020-02-24 17.54.47_1.jpg Size: 154 KB
yes yes yes
  • #512,475
  • Feb 24, 2020 10:15am Feb 24, 2020 10:15am
banks are building positions in 1.2850-129.. please check cot report of previous week... careful, once they would drag the price up, it would be instant and massive like usdjpy...this is for newbies who do not use stop loss because they do not know what they are doing but hoping for price go up and down ...
sell strength in falling markets, and buy weakness in rising markets.
  • #512,476
  • Edited 11:45am Feb 24, 2020 11:16am | Edited 11:45am
waiting see 99 reaction before 98.58/30 test usdx. anyway should continue correction the way it UP. so no harm targeting 2950 /3012. take acre
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #512,477
  • Feb 24, 2020 1:16pm Feb 24, 2020 1:16pm
Quoting pipfarm
{quote} Referring to the hourly If price breaks below 2884 that confirms the short continuation bye bye bulls the 2940 level old support becomes new res, bulls poked through but failed to hold, price reversed came back through started trending down at 2931 giving an early entry but 2884 will be the catalyst that drives it down more as that reverses the corrective up swing from friday.

Another retest of the 2940 area and rejected with a gap away , so break of 2884 low still on for a continuation trade, i see no reason to long medium term,maybe you guys were seeing something very short term.
Follow The Markets Structure - Patience and Discipline
  • #512,478
  • Feb 24, 2020 1:42pm Feb 24, 2020 1:42pm
Quoting pipfarm
{quote} Another retest of the 2940 area and rejected with a gap away , so break of 2884 low still on for a continuation trade, i see no reason to long medium term,maybe you guys were seeing something very short term.
it is very possible that market could close above the 29305ish price
Keep the Lights on then you can catch the rise from the dark.
  • #512,479
  • Feb 24, 2020 3:56pm Feb 24, 2020 3:56pm
Quoting htcone
banks are building positions in 1.2850-129.. please check cot report of previous week... careful, once they would drag the price up, it would be instant and massive like usdjpy...this is for newbies who do not use stop loss because they do not know what they are doing but hoping for price go up and down ...
Why would banks push the price of GBP up?
WT
  • #512,480
  • Feb 24, 2020 4:32pm Feb 24, 2020 4:32pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 25 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.png Size: 30 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 27 KB
yes yes yes
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