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Cable Update (GBPUSD)

  • #534,061
  • Jul 8, 2020 12:36pm Jul 8, 2020 12:36pm
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 12:41pm Jul 8, 2020 12:41pm
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 12:41pm Jul 8, 2020 12:41pm
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 12:45pm Jul 8, 2020 12:45pm
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 12:50pm Jul 8, 2020 12:50pm
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 1:17pm Jul 8, 2020 12:53pm | Edited 1:17pm
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 12:53pm Jul 8, 2020 12:53pm
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 12:54pm Jul 8, 2020 12:54pm
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 12:59pm Jul 8, 2020 12:59pm
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took its time
  • #534,070
  • Jul 8, 2020 1:03pm Jul 8, 2020 1:03pm
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 1:08pm Jul 8, 2020 1:08pm
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 1:10pm Jul 8, 2020 1:10pm
waiting for 1H close..think is a sell
  • #534,073
  • Jul 8, 2020 1:11pm Jul 8, 2020 1:11pm
1.2662 is pinbar daily, that day when Parliament voted not leave eu without deal, interesting level
  • #534,074
  • Jul 8, 2020 1:13pm Jul 8, 2020 1:13pm
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 1:14pm Jul 8, 2020 1:14pm
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 1:15pm Jul 8, 2020 1:15pm
Retest?
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  • #534,077
  • Jul 8, 2020 1:17pm Jul 8, 2020 1:17pm
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 1:17pm Jul 8, 2020 1:17pm
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 1:20pm Jul 8, 2020 1:20pm
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 1:20pm Jul 8, 2020 1:20pm
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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