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Cable Update (GBPUSD)

  • #534,061
  • Jul 8, 2020 10:36am Jul 8, 2020 10:36am
Quoting Theoak
{quote} I have just looked up the meaning of "hangman-noose symbol". I apologise for my ignorance. I honestly did not know the meaning of this symbol.
good for you for looking it up.
in wondering about yourself, you forgot what you came here to be part of
  • #534,062
  • Jul 8, 2020 10:41am Jul 8, 2020 10:41am
re discussion above - the guy's an arse and a fraud, he's obviously trolling here for some kind of bites for a likely trade copier service. He keeps juggling his so called 'real accounts' on his TE...yesterday ' real accounts ' 2 and 12 were there but he soon removed 12 when it started falling and now 2 is still there but 44% in dd. Crazy leverage and suicidal trading. He makes no useful contributions at all.
Trader with an Edge.
  • #534,063
  • Jul 8, 2020 10:41am Jul 8, 2020 10:41am
I saw something interesting the last 2 days, maybe its just me.

During Asia we had a small range, mostly sideways.

During Frankfurt and London we had a small drop - 50-60 pips until 10-11 o'clock GMT.

During NY we had a surge of 150 pips on Tuesday and a 100 pips today.

I'm asking myself, will we see that tomorrow too.
Patience and Discipline.
  • #534,064
  • Jul 8, 2020 10:45am Jul 8, 2020 10:45am
Quoting Stefan90csk
I saw something interesting the last 2 days, maybe its just me. During Asia we had a small range, mostly sideways. During Frankfurt and London we had a small drop - 50-60 pips until 10-11 o'clock GMT. During NY we had a surge of 150 pips on Tuesday and a 100 pips today. I'm asking myself, will we see that tomorrow too.

it's that old shake out the weak hands on the right side of the market, encourage then trap a few short for good measure then go in the desired direction chestnut.
Trader with an Edge.
  • #534,065
  • Jul 8, 2020 10:50am Jul 8, 2020 10:50am
Quoting Theoak
{quote} I have just looked up the meaning of "hangman-noose symbol". I apologise for my ignorance. I honestly did not know the meaning of this symbol.
Accepted brother. Big of you to say so.
Don't compare your trades to others. Most often the masses are the asses
  • #534,066
  • Edited 11:17am Jul 8, 2020 10:53am | Edited 11:17am
GU just broke a level to the upside. I think bears are going to have to wait for the next leg up. 1.263 area for a correction. I am looking for a forward enguifing candle. Possible on the 4hr, but perhaps on the 1hr.
Don't compare your trades to others. Most often the masses are the asses
  • #534,067
  • Jul 8, 2020 10:53am Jul 8, 2020 10:53am
I see price hitting 1h liquidity level for shorts coming up. Probably drop till London or NY tomorrow. Good area for selling especially with such an imbalance in the market
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #534,068
  • Jul 8, 2020 10:54am Jul 8, 2020 10:54am
Quoting OBsayMkMoney
{quote} Accepted brother. Big of you to say so.
Thanks. It means a lot to me!
Don't trade what you think. Just what you see!!!
  • #534,069
  • Jul 8, 2020 10:59am Jul 8, 2020 10:59am
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took its time
  • #534,070
  • Jul 8, 2020 11:03am Jul 8, 2020 11:03am
looking at weekly , i see some R at 1.2640 after that 1.2680,1.2720,1.2820
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #534,071
  • Jul 8, 2020 11:08am Jul 8, 2020 11:08am
just want to remind some simple rule, yesterday just broke myself :/ never sell that is rising, (unless its interest zone, strong level, but you need to now very well, its difficult), and if candle your time frame didn't close yet. that level 1.2584 or something, head and shoulder pattern months ago,pivot, was good, because close to 1.26 round number, but its gone, got reaction to that 1h Motys Chanel, for which i say thank to him, framed my trade..
  • #534,072
  • Jul 8, 2020 11:10am Jul 8, 2020 11:10am
waiting for 1H close..think is a sell
  • #534,073
  • Jul 8, 2020 11:11am Jul 8, 2020 11:11am
1.2662 is pinbar daily, that day when Parliament voted not leave eu without deal, interesting level
  • #534,074
  • Jul 8, 2020 11:13am Jul 8, 2020 11:13am
I call this the nag. They push price to a level, and then hold it there briefly. From there they inch it up a little at a time getting more shorts involved. Most with tight stops because many trade exclusively on lower time frames. Then once you give up, and go long, IE capitulate to the nag... Boom.. they go the other way because you took too long to fall in line, and now you are trapped in a long hoping to break even.
Don't compare your trades to others. Most often the masses are the asses
  • #534,075
  • Jul 8, 2020 11:14am Jul 8, 2020 11:14am
Quoting goldencalf
1.2662 is pinbar daily, that day when Parliament voted not leave eu without deal, interesting level
nice aproach
  • #534,076
  • Jul 8, 2020 11:15am Jul 8, 2020 11:15am
Retest?
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  • #534,077
  • Jul 8, 2020 11:17am Jul 8, 2020 11:17am
Quoting Stefan90csk
I saw something interesting the last 2 days, maybe its just me. During Asia we had a small range, mostly sideways. During Frankfurt and London we had a small drop - 50-60 pips until 10-11 o'clock GMT. During NY we had a surge of 150 pips on Tuesday and a 100 pips today. I'm asking myself, will we see that tomorrow too.
Same thing I sighted here... Pay close attention to price action between 10-11 gmt tomorrow... Bias is bearish to me
Data + Stat + Risk/Emotions Management
  • #534,078
  • Jul 8, 2020 11:17am Jul 8, 2020 11:17am
Well better do some trade talk - I'm about 15pips of target (2630) and tomorrow will prob be a day of complete boredom. It better stop raining, so I can watch the cricket.
Don't trade what you think. Just what you see!!!
  • #534,079
  • Jul 8, 2020 11:20am Jul 8, 2020 11:20am
Quoting Georginson
{quote} Same thing I sighted here... Pay close attention to price action between 10-11 gmt tomorrow... Bias is bearish to me
For me (big) bear is lurking in 1.2660-80 area, also for tomorrow. Trade safe!
A trader is as good as his stop loss. Understand your mistakes.
  • #534,080
  • Jul 8, 2020 11:20am Jul 8, 2020 11:20am
i dont know, some people say to good to be true...but i saw same 4 week ago with usd cad, broken trend-line..4h pinbar..perfect..
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