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Cable Update (GBPUSD)

  • #524,921
  • Jun 2, 2020 9:11am Jun 2, 2020 9:11am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Let's go now
Studing..............
  • #524,922
  • Jun 2, 2020 9:12am Jun 2, 2020 9:12am
Quoting navk
any dip is only buy opportunity in GU.
Give me 200 pips dip

Because 20 pips dip is not enough
COT: The precious data ignored
  • #524,923
  • Jun 2, 2020 9:13am Jun 2, 2020 9:13am
Without clarity of strategy the current market trend will push for a change of bearish stance but personally my sell positions at 1.2470 and 1.2510 stays intact for a short term target of 1.2310 and medium term target of 1.2160. in as much as 1.2600 cannot be ruled out but I see no reason these lower levels will not be seen in a short while. I maintain and stand with my bearish bias to 1.2310,1.2160 and 1.1986 within a week to 7 weeks while price will find its way through to 1.3450 before end of 2020.

This is my view and not an advise for anyone but I do hope it's useful.

Cheers!
Data + Stat + Risk/Emotions Management
  • #524,924
  • Jun 2, 2020 9:16am Jun 2, 2020 9:16am
Quoting Georginson
Without clarity of strategy the current market trend will push for a change of bearish stance but personally my sell positions at 1.2470 and 1.2510 stays intact for a short term target of 1.2310 and medium term target of 1.2160. in as much as 1.2600 cannot be ruled out but I see no reason these lower levels will not be seen in a short while. I maintain and stand with my bearish bias to 1.2310,1.2160 and 1.1986 within a week to 7 weeks while price will find its way through to 1.3450 before end of 2020. This is my view and not an advise for anyone...
Bears ONLY!

down to 1.20 by next week since Joris Bohnson wont close any deal.
  • #524,925
  • Jun 2, 2020 9:25am Jun 2, 2020 9:25am
Quoting kuroro001
{quote} Give me 200 pips dip Because 20 pips dip is not enough
some one was mentioning even 20 pips drop, money can be made.

200 pips x 1 $/pip or 20 pips x 10 $ /pip same result.
Intraday only.
  • #524,926
  • Jun 2, 2020 9:27am Jun 2, 2020 9:27am
Quoting navk
{quote} some one was mentioning even 20 pips drop, money can be made. 200 pips x 1 $/pip or 20 pips x 10 $ /pip same result.
You gotta switch a 1mn/5mn chart, not my thing
COT: The precious data ignored
  • #524,927
  • Jun 2, 2020 9:44am Jun 2, 2020 9:44am
Today was a right off for me as I did not see an opportunity to enter into the market, according to my trading plan.

I was wondering what you guys think how the markets will react a to the G7 meeting tomorrow?
  • #524,928
  • Jun 2, 2020 9:47am Jun 2, 2020 9:47am
my buying point dip.
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Intraday only.
  • #524,929
  • Jun 2, 2020 10:03am Jun 2, 2020 10:03am
reversal rule is NY close point.

If close is not according to set rules, then buy only next day.

Let us see what NY does to close to reverse.
Intraday only.
  • #524,930
  • Jun 2, 2020 10:08am Jun 2, 2020 10:08am
Quoting navk
my buying point dip. {image}
did it work?
  • #524,931
  • Jun 2, 2020 10:10am Jun 2, 2020 10:10am
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Together we can be strongest
Vantage Return This Month: na
  • #524,932
  • Jun 2, 2020 10:11am Jun 2, 2020 10:11am
again..
opssstt..
just for a cup of coffee...
  • #524,933
  • Jun 2, 2020 10:23am Jun 2, 2020 10:23am
Quoting akim0895
again.. opssstt..
=) waiting for my shorts to close.

+good pips.

Edit: I'm out. goodnight all (on my time zone)
Attached Image
Set GOAL, REACH and REPEAT.
  • #524,934
  • Jun 2, 2020 10:32am Jun 2, 2020 10:32am
Quoting akim0895
again.. opssstt..
that is my selling point.
Attached Image (click to enlarge)
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Intraday only.
  • #524,935
  • Jun 2, 2020 10:44am Jun 2, 2020 10:44am
Quoting morfes2
{quote} https://youtu.be/kmrCMZoDOFI
Inserted Video
  • #524,936
  • Jun 2, 2020 10:52am Jun 2, 2020 10:52am
Hey hope everybody good i dont come here in a long time just whana say that:

1.24200 next target , im my opinion we go down maybe tomorow we get the real drop

Stay safe all
  • #524,937
  • Jun 2, 2020 10:58am Jun 2, 2020 10:58am
weekly

around 1.32?

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  • #524,938
  • Jun 2, 2020 11:02am Jun 2, 2020 11:02am
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from this morning post . Will it break the bottom line .
  • #524,939
  • Jun 2, 2020 11:11am Jun 2, 2020 11:11am
Quoting thevisitor
weekly around 1.32? {image}
1.32 will come between October 2020 to December 2020... (1.2537 as at time of typing)
Data + Stat + Risk/Emotions Management
  • #524,940
  • Jun 2, 2020 11:24am Jun 2, 2020 11:24am
Despite all the rioting and chaos, USD is starting to look like it might turn around soon, whether it be temporary or a trend reversal, I don't know. But price has already penetrated a strong area of resistance on GBPUSD. Trading at such levels is risky. GBPUSD could continue to climb higher for about 80 pips or more, but it could just as easily move in the other direction at this point. It's not worth the risk to me. I'm going to sit this one out.
Learn from your mistakes and march on.
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