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Cable Update (GBPUSD)

  • #520,281
  • May 14, 2020 2:02am May 14, 2020 2:02am
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will we see 2100 it’s looking like tl attraction
  • #520,282
  • May 14, 2020 2:05am May 14, 2020 2:05am
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2120 looks to be strong. But watch for sneeeeqy moves
  • #520,283
  • May 14, 2020 2:08am May 14, 2020 2:08am
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yes yes yes
  • #520,284
  • May 14, 2020 2:10am May 14, 2020 2:10am
Watching 15 min
  • #520,285
  • May 14, 2020 2:11am May 14, 2020 2:11am
looking for the bucket points and scalp shorts
Trade Like a Robot make money Like a Bank
  • #520,286
  • May 14, 2020 2:14am May 14, 2020 2:14am
Quoting pipfarm
{quote} Its been bearish since the break of 2393 reversing the correction , only thing is , none of you spotted it {image}
Some of us are listening.
Gone to a better place
  • #520,287
  • May 14, 2020 2:15am May 14, 2020 2:15am
The way the markets have been, sometimes feel like we are having recession fears
  • #520,288
  • May 14, 2020 2:16am May 14, 2020 2:16am
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  • #520,289
  • May 14, 2020 2:17am May 14, 2020 2:17am
The DXY is just catching a cruise at the current resistance of 100.35 till it falls massively.

Y'all be careful not to be caught on the wrong side.
Discipline is key
  • #520,290
  • May 14, 2020 2:18am May 14, 2020 2:18am
I think its buy time... lets see...
Patience and Discipline.
  • #520,291
  • May 14, 2020 2:21am May 14, 2020 2:21am
Quoting Yngwie
2180
Just nice for reversal
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #520,292
  • May 14, 2020 2:23am May 14, 2020 2:23am
Quoting Agu
The DXY is just catching a cruise at the current resistance of 100.35 till it falls massively. Y'all be careful not to be caught on the wrong side.
It is posting a huge reversal candle at the top of 4hr chart. I await the close.

Till then I'll be scalping trades as there is no major news push for dollars that hasn't been priced in
Discipline is key
  • #520,293
  • May 14, 2020 2:23am May 14, 2020 2:23am
Legit inverted h&s
How do i know? No false break at before left shoulder
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yes yes yes
  • #520,294
  • May 14, 2020 2:23am May 14, 2020 2:23am
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Together we can be strongest
Vantage Return This Month: -97.0%
  • #520,295
  • May 14, 2020 2:24am May 14, 2020 2:24am
Quoting smikester
{quote} Do you use this method much? I mean, the weekly ATR14 is over 400 on my chart? I'm no expert - convince me.
I work with ranges. Here are ranges of last 6 weeks..

30/03/2020 High 1.2475 - 1.2204 Low = 271 pips range ... Close 1.2269 (recovery from low 65 pips)
06/04/2020 High 1.2486 - 1.2164 low = 322 pips range ... Close 1.2448 (recovery from high 18 pips)
13/04/2020 High 1.2647 - 1.2406 Low = 241 pips range .... Close 1 2505 (recovery from high 142 pips)
20/04/2020. High 1.2500 - 1.2247 Low = 253 pips range .... Close 1.2365 (recovery from low 118 pips)
27/04/2020 High 1.2642 - 1.2359 Low = 283 pips range .... Close 1.2492 ( recovery from high 150 pips)
04/05/2020 High 1.2486 - 1.2259 Low = 221 pips range .... Close 1.2407 (recovery from low 148 pips)

Maximum Range = 322 pips
Average Range = 271 pips
Minimum Range = 221 Pips

Most common recovery = 120 - 150 pips.

This week so far ..
High 1.2437 - 1.2180 Low = 257 pips range
Possible recovery = 120 - 150 pips
1.2180 low + 120 pips possible recovery = 1.23xx.
Data + Stat + Risk/Emotions Management
  • #520,296
  • May 14, 2020 2:25am May 14, 2020 2:25am
Quoting Stefan90csk
I think its buy time... lets see...
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watching for big bull possible candle I have hedged that 15 min close but it’s going to be risky . And that’s fx high risk but high reward play it safe
  • #520,297
  • May 14, 2020 2:32am May 14, 2020 2:32am
Hourly candle testing the 9EMA
Focus.
  • #520,298
  • May 14, 2020 2:32am May 14, 2020 2:32am
Quoting Georginson
{quote} I work with ranges. Here are ranges of last 6 weeks.. 30/03/2020 High 1.2475 - 1.2204 Low = 271 pips range ... Close 1.2269 (recovery from low 65 pips) 06/04/2020 High 1.2486 - 1.2164 low = 322 pips range ... Close 1.2448 (recovery from high 18 pips) 13/04/2020 High 1.2647 - 1.2406 Low = 241 pips range .... Close 1 2505 (recovery from high 142 pips) 20/04/2020. High 1.2500 - 1.2247 Low = 253 pips range .... Close 1.2365 (recovery from low 118 pips) 27/04/2020 High 1.2642 - 1.2359 Low = 283 pips range .... Close 1.2492 ( recovery from high...
Thanks for the explanation.
Gone to a better place
  • #520,299
  • May 14, 2020 2:34am May 14, 2020 2:34am
Quoting Moty
Legit inverted h&s How do i know? No false break at before left shoulder {image}
2300 and above today.( 2312 infact )

Do not be in a hurry to close your longs

stop must be 2180
Intraday only.
  • #520,300
  • May 14, 2020 2:37am May 14, 2020 2:37am
GBP Longs not yet ready,we need confirmation
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