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Cable Update (GBPUSD)

  • #531,781
  • Jun 29, 2020 9:38am Jun 29, 2020 9:38am
Quoting WizardTrade
{quote} Trade Safe. In my books whatever the range is, if it fails to breach 1.234xx area, we are still in a bearish mode. I might be wrong but that is what I am seeing in price action at the moment. TW
I'm a SWING trader not a scalper.... 70-100 pips movement against do not affect me in any way. I do not give scalping entries
Data + Stat + Risk/Emotions Management
  • #531,782
  • Jun 29, 2020 9:39am Jun 29, 2020 9:39am
Quoting Georginson
{quote} I'm a SWING trader not a scalper.... 70-100 pips movement against do not affect me in any way. I do not give scalping entries
So am I. I decide on price action. Cheers
WARNING: This post warps space and time in its vicinity.
  • #531,783
  • Jun 29, 2020 9:40am Jun 29, 2020 9:40am
2285 has surrendered to the bears. 2266 is looking vulnerable too
  • #531,784
  • Jun 29, 2020 9:40am Jun 29, 2020 9:40am
back in long 2282
COT: The precious data ignored
  • #531,785
  • Jun 29, 2020 9:43am Jun 29, 2020 9:43am
Quoting Georginson
{quote} I'm a SWING trader not a scalper.... 70-100 pips movement against do not affect me in any way. I do not give scalping entries
Agree. I think trade swing is better for long run.
  • #531,786
  • Jun 29, 2020 9:45am Jun 29, 2020 9:45am
Quoting Ksth
{quote} Agree. I think trade swing is better for long run.
You are spot on mate
Data + Stat + Risk/Emotions Management
  • #531,787
  • Jun 29, 2020 9:45am Jun 29, 2020 9:45am
Attached Image (click to enlarge)
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see now if the pattern stays the same big so 2435 if not 2280 2080
Attached Image (click to enlarge)
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  • #531,788
  • Jun 29, 2020 9:47am Jun 29, 2020 9:47am
....into this prev dly/4hr sw lo then hi zone so pot res becomes supp @/around that 38.2% fib also 1411-2813...this zone on dly likely extends down to circa 2260. That 76.4% of 2072-2813 below that @ 2247. Do the buyers live here now ? Currently at 99% of 30 day adr. 20/50/100 ema's still crossed down 5min - 4hr.
Trader with an Edge.
  • #531,789
  • Jun 29, 2020 9:48am Jun 29, 2020 9:48am
Quoting Almo2312
its all about patience,, still hold my shorts Cheers {image}

Nice trade @Almo...
Please can you share the indicator that calculates your profit in pips and the ADR ...and displays it on your charts for mt5 ...thanks
  • #531,790
  • Jun 29, 2020 9:48am Jun 29, 2020 9:48am
Quoting sgkrishn
SELL executed @ 1.2365 Take profit 1.2080 Holding time 2 weeks. More sell stops @ 1.2312, 1.2265 and 1.2180
2nd sell got triggered
3rd one yet to trigger just 5 pips missed
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #531,791
  • Edited 10:08am Jun 29, 2020 9:49am | Edited 10:08am
Quoting dwaterboker
2300 and most bottom at 2250 {image}
Done all sold.
Just waiting Bull with long target 1.30.
Cheers.
Attached Image (click to enlarge)
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  • #531,792
  • Jun 29, 2020 9:50am Jun 29, 2020 9:50am
Quoting kuroro001
back in long 2282
Cover rally comming; euro already popping as well

Or just death cat bounce?
Life is great!!
  • #531,793
  • Jun 29, 2020 9:50am Jun 29, 2020 9:50am
Only a 29.9% chance of exceeding 30 day adr now - based on last 365 days....doesn't mean it won't happen though...just probabilities.

Need to see a H above last LH on 5min and upwards to relieve bearish pressure.
Trader with an Edge.
  • #531,794
  • Jun 29, 2020 9:53am Jun 29, 2020 9:53am
Quoting despichtt
{quote} Cover rally comming; euro already popping as well
Yes, possible right into london fixing
overall gbp is weak though, its risky

euro has been stronger
COT: The precious data ignored
  • #531,795
  • Jun 29, 2020 9:59am Jun 29, 2020 9:59am
highest vol of the day at this low so far.
and i'm not selling highest vol on daily lows...
COT: The precious data ignored
  • #531,796
  • Jun 29, 2020 10:01am Jun 29, 2020 10:01am
...v. bearish 1hr and 2hr closes...reg bullish div has gone on 30min now just about still there 1hr...still there on some lower t/f's..
Trader with an Edge.
  • #531,797
  • Jun 29, 2020 10:04am Jun 29, 2020 10:04am
Quoting WizardTrade
Bearish pressure is too much. It may dip down in next 4 hours.
Here is the move which was anticipated.
WARNING: This post warps space and time in its vicinity.
  • #531,798
  • Jun 29, 2020 10:07am Jun 29, 2020 10:07am
Quoting Georginson
{quote} Trying to obey monthly low... Monthly range already at average not much to cover this June anymore... 1.2310...1.2280...1.2243 are level to halt the selling for June only...
Fibo theory tells us that if PA closes well below 61.8 it will get to 38.2 in that swing. If that is the case, it means we're heading to 2092 as per the last D1 swing. From your analysis, you don't seem to see this possibility. If PA closes beyond your 2243, what will your reaction be?
Attached Image (click to enlarge)
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  • #531,799
  • Jun 29, 2020 10:07am Jun 29, 2020 10:07am
Attached Image (click to enlarge)
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yes yes yes
  • #531,800
  • Jun 29, 2020 10:07am Jun 29, 2020 10:07am
Quoting trumps
{quote} May get a rise to 2360, before the bears take another big bite {image} {image}
Or it might just keep tumbling
Compulsions can be hard to resist
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