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Cable Update (GBPUSD)

  • #523,301
  • May 27, 2020 5:37am May 27, 2020 5:37am
Maybe this is the reason for spike on GBP and EUR?
Attached Image
WT
  • #523,302
  • May 27, 2020 5:38am May 27, 2020 5:38am
Quoting Bartosz77
We had two attempts to break 61.8 Fib. I think at the 3rd test it won't resist. {image}
What are your fib retracement values?
Gone to a better place
  • #523,303
  • May 27, 2020 5:39am May 27, 2020 5:39am
Quoting smikester
{quote} Dunno? The Euro just burst through all kinds of resistance levels.
thanks for remind at Eu..
short them..stop 25pips
just for a cup of coffee...
  • #523,304
  • May 27, 2020 5:42am May 27, 2020 5:42am
Quoting Bartosz77
Maybe this is the reason for spike on GBP and EUR?{image}
This bloke is really dangerous and deluded.
Gone to a better place
  • #523,305
  • May 27, 2020 5:43am May 27, 2020 5:43am
Quoting smikester
{quote} This bloke is really dangerous and deluded.
Why?
Lost....
  • #523,306
  • May 27, 2020 5:45am May 27, 2020 5:45am
Quoting gespiri
{quote} Why?
He cheats at golf.
Gone to a better place
  • #523,307
  • May 27, 2020 5:46am May 27, 2020 5:46am
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yes yes yes
  • #523,308
  • May 27, 2020 5:48am May 27, 2020 5:48am
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mmm supports
  • #523,309
  • May 27, 2020 5:48am May 27, 2020 5:48am
Quoting smikester
{quote} He cheats at golf.
He's "really dangerous and deluded" because "he cheats at golf."
Very nice logic.
Lost....
  • #523,310
  • May 27, 2020 5:48am May 27, 2020 5:48am
Quoting smikester
{quote} He cheats at golf.
Fourrrr lol
  • #523,311
  • May 27, 2020 5:51am May 27, 2020 5:51am
guys, be careful, Downtrend may return again ...
  • #523,312
  • May 27, 2020 5:54am May 27, 2020 5:54am
Quoting smikester
{quote} What are your fib retracement values?
I chose this range because of a steady, consistent move across few days, showing the "true" direction of the market.

Attached Image
WT
  • #523,313
  • May 27, 2020 5:54am May 27, 2020 5:54am
Quoting Sajidhelp
good day for all members i hope this trade hit my profit target {image}
You're in the wrong thread....
Lost....
  • #523,314
  • May 27, 2020 5:58am May 27, 2020 5:58am
Quoting Bartosz77
{quote} I chose this range because of a steady, consistent move across few days, showing the "true" direction of the market. {image}
And if you look at these values:
Attached Image


you can see that 61.8 of the first one matches 50 of the second. That is a good confirmation to me that the range I have chosen is good for determining trading directions.
WT
  • #523,315
  • May 27, 2020 6:05am May 27, 2020 6:05am
GU H1 seems ready for down again

tp1 1.2315~2300


also EU double top H1 ( if not fail ... )
  • #523,316
  • May 27, 2020 6:07am May 27, 2020 6:07am
for those who use fibonacci I have a question... when you put on your chart the fib and then you say well "See it respected the ____ level" wouldn't it have to respect SOME level on your fib? i mean assuming you identified somewhat of an uptrend or downtrend by connecting the highs and lows the price would HAVE to support/ resist at some level on the fib, 50, 618 , etc. Just trying to get an idea of how people trade with fibs. I can't imagine banks and what not sitting at a desk grabbing a fibonacci extension and determining price by that....
Just a random thought for the day... good trading everyone
  • #523,317
  • May 27, 2020 6:10am May 27, 2020 6:10am
they collecting long orders .
it will drop
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yes yes yes
  • #523,318
  • May 27, 2020 6:11am May 27, 2020 6:11am
Quoting GGekkoGreed
for those who use fibonacci I have a question... when you put on your chart the fib and then you say well "See it respected the ____ level" wouldn't it have to respect SOME level on your fib? i mean assuming you identified somewhat of an uptrend or downtrend by connecting the highs and lows the price would HAVE to support/ resist at some level on the fib, 50, 618 , etc. Just trying to get an idea of how people trade with fibs. I can't imagine banks and what not sitting at a desk grabbing a fibonacci extension and determining price by that.... Just...
Fib gives levels of "return". If the market goes up 100 pips, then at the top everyone has "earned" on buys. But when buyers step out from their positions, they don't "disappear" but simply switch to collect earnings on retrace. And Fib shows to what extent they are going to collect profits from the retrace.
WT
  • #523,319
  • May 27, 2020 6:16am May 27, 2020 6:16am
I'm thinking the M5 and M15 might have some room to come down.
Looks like they are lined up together for it.
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"Pain + Reflection = Progress"-Ray Dalio
  • #523,320
  • May 27, 2020 6:17am May 27, 2020 6:17am
MR DT IS TWEETING
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