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Cable Update (GBPUSD)

  • #533,521
  • Jul 7, 2020 8:59am Jul 7, 2020 8:59am
BOE candle 2550 is done

All setup done for now
COT: The precious data ignored
  • #533,522
  • Jul 7, 2020 9:01am Jul 7, 2020 9:01am
the drop is coming
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eg.png Size: 39 KB
Click to Enlarge Name: gu1.png Size: 45 KB
yes yes yes
  • #533,523
  • Jul 7, 2020 9:03am Jul 7, 2020 9:03am
sell..Tp at 1.253200
  • #533,524
  • Jul 7, 2020 9:03am Jul 7, 2020 9:03am
Longs entered now
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #533,525
  • Jul 7, 2020 9:08am Jul 7, 2020 9:08am
Quoting Tpak
bought 1.2494. sl 1.2449 tp1. 1.2540
it took 10 hours. but patience is always a key to success in Forex Trading
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #533,526
  • Jul 7, 2020 9:12am Jul 7, 2020 9:12am
Quoting Georginson
FOR SCALP... sell at 1.2557 target 1.2522...stop not defined.
Max stop 35 pips then....else RR is bad
COT: The precious data ignored
  • #533,527
  • Jul 7, 2020 9:12am Jul 7, 2020 9:12am
Quoting mastersplint
Longs entered now
Buying at the top...?
Data + Stat + Risk/Emotions Management
  • #533,528
  • Jul 7, 2020 9:13am Jul 7, 2020 9:13am
something is happening and we don't know about it
  • #533,529
  • Jul 7, 2020 9:14am Jul 7, 2020 9:14am
Quoting kuroro001
{quote} Max stop 35 pips then....else RR is bad
Sell from 1.2557... target 1.2522...stop 1.2592. Equal risk reward...
Data + Stat + Risk/Emotions Management
  • #533,530
  • Jul 7, 2020 9:15am Jul 7, 2020 9:15am
Quoting abhilash
{quote} Have taken few longs, buying all the dips and target 1.28 minimum.
Stops in place for long trades. Still looking for 1.28.

EG looking very bearish, should help GU longs.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 61 KB
  • #533,531
  • Jul 7, 2020 9:15am Jul 7, 2020 9:15am
Quoting epzero
something is happening and we don't know about it
Spacing is happening ahead of 1.2590/1.2609 levels
Data + Stat + Risk/Emotions Management
  • #533,532
  • Jul 7, 2020 9:16am Jul 7, 2020 9:16am
With such vertical ascent, no 4H close yet above 1.2530..i assume eminent collapse! "short term view".
  • #533,533
  • Jul 7, 2020 9:16am Jul 7, 2020 9:16am
going to sell at 1.2590
reacn or not i dont care since reach today target
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 31 KB
row row row your boat
  • #533,534
  • Jul 7, 2020 9:16am Jul 7, 2020 9:16am
Quoting epzero
something is happening and we don't know about it
YES, SOMETHING is happening.
Intraday only.
  • #533,535
  • Jul 7, 2020 9:17am Jul 7, 2020 9:17am
Quoting mastersplint
Longs entered now
i would never buy daily r3
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 46 KB
yes yes yes
  • #533,536
  • Jul 7, 2020 9:18am Jul 7, 2020 9:18am
Quoting epzero
something is happening and we don't know about it
Yes, GU is going up, but due to trendlines, Daily pivots, Stocastics, horrizontal S/R, and every other indicator, and over analysis and trying to predict the market on small timeframe charts,retail traders have mostly missed the move.., they are too busy looking for shorts, when in fact they should have been sitting on 100's of pips buy trades.
Because of over analysis of low timeframe charts most have missed the instituational and bank impulsive move on 30 june
  • #533,537
  • Jul 7, 2020 9:20am Jul 7, 2020 9:20am
Apart from being at dailyr3 i don't see any PA or indication of a drop

BOE candle has been reached now....We may hang in there above 2550 today
Daily Long closed, holding long term ones, waiting for the next setup
COT: The precious data ignored
  • #533,538
  • Jul 7, 2020 9:20am Jul 7, 2020 9:20am
SWING TRADE... First Sell here at 1.2570 target 1.2350... Second Swing Sell at 1.2609 Target 1.2400... Both stop 1.2720.
Data + Stat + Risk/Emotions Management
  • #533,539
  • Jul 7, 2020 9:20am Jul 7, 2020 9:20am
Quoting mkvy
{quote} Yes, GU is going up, but due to trendlines, Daily pivots, Stocastics, horrizontal S/R, and every other indicator, and over analysis and trying to predict the market on small timeframe charts,retail traders have mostly missed the move.., they are too busy looking for shorts, when in fact they should have been sitting on 100's of pips buy trades
This thread and few are responsible.

Small traders with small capital can not withstand this vertical move.
Intraday only.
  • #533,540
  • Jul 7, 2020 9:21am Jul 7, 2020 9:21am
Quoting msniper
i am long GU 1.2502 SL 1.2410 TP open but might be 1.277x
i take profit half of my position at 1.2571 with 69pips profit

other half i kept open SL at entry

lets see how it goes
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