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Cable Update (GBPUSD)

  • #534,601
  • Jul 10, 2020 4:48am Jul 10, 2020 4:48am
Quoting Ehminiz
Long @1.26053, tp @1.26159. Sl manual. 10 pips target. let’s see how it goes.

Tp taken.

Looking out for a better entry.


trade safe.
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#Stay blue. /swinger/scalper/
  • #534,602
  • Jul 10, 2020 4:48am Jul 10, 2020 4:48am
Quoting gatenio
{quote} hi, how are you bro? I don't want to be rude, but not sure you understand what it is engulfing candle. You may be calling to a candle that is bigger than the previous candle and that is wrong. so i grab a pic from google image that explain it, it not happen that often. hope it help {image}
Thanks for taking some time to explain. But this is the market and full of imperfections. The nearly similar engulfing can be considered one. But I am not sure how martinez1 called them engulfing. I can show you many engulfing examples which can show the market thrust towards their engulfs. Idealistic candles happen not too often you are very true.

I may be wrong. But that is what I have been seeing since 9 years of trading.

TW
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  • #534,603
  • Jul 10, 2020 4:49am Jul 10, 2020 4:49am
Quoting dondealova
{quote} out...1.2608...and added New Long
Clear All
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  • #534,604
  • Jul 10, 2020 4:51am Jul 10, 2020 4:51am
Quoting Bones
{image}
It's a probability game Bones. I've calculated the probability of successful trades based on gravestone doji and dragonfly doji. It's close to 67%. and it did drop 40 pips after I posted this. https://www.forexfactory.com/showthr...9#post13051559 But who knows how it will close.
  • #534,605
  • Jul 10, 2020 4:51am Jul 10, 2020 4:51am
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yes yes yes
  • #534,606
  • Jul 10, 2020 4:52am Jul 10, 2020 4:52am
Quoting donfriday
{quote} dont try this at home.....its going down {image}
the bearish day candle is clear yes but it needs a confirmation if today close red then yes we going down. if today close green then the bearish candle fail
  • #534,607
  • Jul 10, 2020 4:52am Jul 10, 2020 4:52am
Quoting kuroro001
{quote} Looking at eurusd 1.15/1.16 more or less before fall? I've seen a lot of people are looking at 1.15 July/august may be full of surprises
yah i am one of the people who want to see 1.15 or above before dollar hit back hehe

but lets see i dont really trade euro i just watch it. i am only gbp person
  • #534,608
  • Jul 10, 2020 4:53am Jul 10, 2020 4:53am
Quoting shahab8b
{quote} It's a probability game Bones. I've calculated the probability of successful trades based on gravestone doji and dragonfly doji. It's close to 67%.
Very true. I had been to the same conclusion as well.
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  • #534,609
  • Jul 10, 2020 4:54am Jul 10, 2020 4:54am
if today is continuation from yesterday daily candle, i think this opportunity to short again. targeting extension 200. out at yesterday high. nice rr.
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  • #534,610
  • Jul 10, 2020 4:55am Jul 10, 2020 4:55am
Quoting msniper
{quote} the bearish day candle is clear yes but it needs a confirmation if today close red then yes we going down. if today close green then the bearish candle fail
Could be a repeat of 9th/10th of June. Bearish pin bar then inverted hammer then drop.
  • #534,611
  • Jul 10, 2020 4:57am Jul 10, 2020 4:57am
Quoting Scotteyy
{quote} Could be a repeat of 9th/10th of June. Bearish pin bar then inverted hammer then drop.
You are point blank on this one mate.

cheers
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  • #534,612
  • Jul 10, 2020 4:58am Jul 10, 2020 4:58am
AB=CD ?
1.2730

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  • #534,613
  • Jul 10, 2020 5:00am Jul 10, 2020 5:00am
Quoting msniper
{quote} the bearish day candle is clear yes but it needs a confirmation if today close red then yes we going down. if today close green then the bearish candle fail


you can use wave u will see ..all time and patience.
MY OPINION NOT FINANCIAL ADVISE
  • #534,614
  • Jul 10, 2020 5:01am Jul 10, 2020 5:01am
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yes yes yes
  • #534,615
  • Jul 10, 2020 5:01am Jul 10, 2020 5:01am
Buy Limit was good placed
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  • #534,616
  • Edited 5:14am Jul 10, 2020 5:02am | Edited 5:14am
Yea I don't think its good ,its a trick
this is based on weekly, then D1 size V current move, some platform show a gravestone but the one you posted I think is a cross like mine.
Cross can be powerful.
Anyway I wouldn't short into the weekly based on that daily unless it had reacted to the untouched line down line...
It is a sell area and thats the reaction.=false
I don't hold any position

Quoting shahab8b
{quote} It's a probability game Bones. I've calculated the probability of successful trades based on gravestone doji and dragonfly doji. It's close to 67%. and it did drop 40 pips after I posted this. https://www.forexfactory.com/showthr...9#post13051559 But who knows how it will close.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #534,617
  • Jul 10, 2020 5:03am Jul 10, 2020 5:03am
Quoting msniper
i bought GU at 1.2592 my TP 1.28xxx i cant decide for SL yet honestly even the TP i might adjust on the way up everything will be manually
i closed half position now with 20pips profit and kept the other half SL at BE

i dont want to risk friday and things can go either way honestly nothing is safe today
  • #534,618
  • Jul 10, 2020 5:04am Jul 10, 2020 5:04am
Quoting Bones
{image}
i know that GBPUSD respect hammers very much on daily i have seen it

so it might really drop today
  • #534,619
  • Jul 10, 2020 5:05am Jul 10, 2020 5:05am
Quoting msniper
{quote} i know that GBPUSD respect hammers very much on daily i have seen it so it might really drop today
Moty, maybe you can add an electric hammer to it, (please)?
A trader is as good as his stop loss. Understand your mistakes.
  • #534,620
  • Jul 10, 2020 5:06am Jul 10, 2020 5:06am
1.237xx is probable next week. I will update my thoughts based on PA in couple of hours.

TW
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