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Cable Update (GBPUSD)

  • #523,361
  • May 27, 2020 7:32am May 27, 2020 7:32am
Quoting navk
{quote} posting insulting pic is wrong. One must respect fellow trader here.
Agreed!
PA Return Today: 0.3%
  • #523,362
  • May 27, 2020 7:34am May 27, 2020 7:34am
Quoting LeongPuiy
{quote} Agreed!
Intraday only.
  • #523,363
  • May 27, 2020 7:35am May 27, 2020 7:35am
Quoting Bydyke
{quote} Am curious. PA has just met WR 38 at 2263 and has printed a bullish engulfer on M5. Could that, by chance, be your reason for going long?
remember, 2350/60 is resistance for today.

scalps longs fine.
Intraday only.
  • #523,364
  • May 27, 2020 7:36am May 27, 2020 7:36am
Sideway for now. I think today will be great move with big range on S1 and R1.
And the real? Zig zag move
  • #523,365
  • May 27, 2020 7:37am May 27, 2020 7:37am
Quoting navk
{quote} remember, 2350/60 is resistance for today. scalps longs fine.
Yesterday retest it. Today or may be tomorrow will break.
  • #523,366
  • May 27, 2020 7:37am May 27, 2020 7:37am
Quoting kepler8080
Foolish to go long even for a short term trade. UK has major financial issues brewing from furlough scheme, brexit, weakness in leadership and the fact it is a small island with a relatively large population - the virus is difficult to control in confined spaces.
Yeah, we knew this when it spiked from 2160 to 2370 area. That's over 200 pips. So nobody is foolish. And I am not in a buy.
  • #523,367
  • May 27, 2020 7:38am May 27, 2020 7:38am
IMO that's just a hint of whats to come. 16:30 we might another one like that.
Patience and Discipline.
  • #523,368
  • May 27, 2020 7:38am May 27, 2020 7:38am
Quoting navk
{quote} remember, 2350/60 is resistance for today. scalps longs fine.
Correct.....but price needs to hit at least 1.2250 IMHO.
Lost....
  • #523,369
  • May 27, 2020 7:40am May 27, 2020 7:40am
Quoting Gilaforex13
{quote} Yesterday retest it. Today or may be tomorrow will break.
that will be breakout.

anyways, let me see if 4 hr support forms today in the last 4hr candle.
Intraday only.
  • #523,370
  • May 27, 2020 7:40am May 27, 2020 7:40am
Quoting navk
{quote} that will be breakout. anyways, let me see if 4 hr support forms today in the last 4hr candle.
Roger
  • #523,371
  • May 27, 2020 7:42am May 27, 2020 7:42am
Quoting navk
{quote} remember, 2350/60 is resistance for today. scalps longs fine.
Ok. Long is looking good already on M1 with the lo-his. For me, I'll wait for M5 to allign to get in
  • #523,372
  • May 27, 2020 7:46am May 27, 2020 7:46am
if we get back to 1.231 could sell from there
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #523,373
  • May 27, 2020 7:47am May 27, 2020 7:47am
Attached Image (click to enlarge)
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no trolls welcome . I think this thread has been giving some good opinions lately . So well done guys . Hopefully we can make money long or short
  • #523,374
  • May 27, 2020 7:50am May 27, 2020 7:50am
m1 bearish flag... for me price will rivisit 1.226
  • #523,375
  • May 27, 2020 7:51am May 27, 2020 7:51am
false breaks all over the place
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yes yes yes
  • #523,376
  • May 27, 2020 7:52am May 27, 2020 7:52am
TP 22400
  • #523,377
  • May 27, 2020 7:57am May 27, 2020 7:57am
Sorry i forgot to say "sold".
  • #523,378
  • Edited 8:26am May 27, 2020 8:03am | Edited 8:26am
H4 has closed with bears all over
  • #523,379
  • May 27, 2020 8:04am May 27, 2020 8:04am
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...
Fibs I have found work best when price shows reaction to many or all the fib levels when you put the tool on, this shows a market pattern of respect for whatever high/Low sequence you are looking at and is very powerful.
If it's messy, I pay little-no attention to it and try another sequence. Many high/Low and timeframes to look at during Asian session or weekends.
Got to go.
Compulsions can be hard to resist
  • #523,380
  • May 27, 2020 8:09am May 27, 2020 8:09am
Ok
bears its safe now come on
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