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Cable Update (GBPUSD)

  • #536,621
  • Jul 20, 2020 7:54am Jul 20, 2020 7:54am
Hmm carefull with the Drop it might not even be a drop i closed my profit for now , it can actully go even up
  • #536,622
  • Jul 20, 2020 7:54am Jul 20, 2020 7:54am
Quoting Theoak
Short 1.2623 target 25 pips sl 1.2646
Out 3 pip loss
Don't trade what you think. Just what you see!!!
  • #536,623
  • Jul 20, 2020 7:55am Jul 20, 2020 7:55am
Quoting thevisitor
{quote} You are a great trader navk!!
I am afraid, if you post a number, it goes there.

I only hope it goes to 2600 before 2660/80 whatever.

Intraday only.
  • #536,624
  • Jul 20, 2020 7:55am Jul 20, 2020 7:55am
Quoting Kimjoun
{quote} time to put a hammer to speed up the drop
,
yes yes yes
  • #536,625
  • Jul 20, 2020 7:56am Jul 20, 2020 7:56am
Quoting Georginson
{quote} Now at 1.2640 second recommended level.
Sorry to ask, but what tool do you use cause on the m5 it was difficult for the two candles (the buy and the sell) to hit that level. All the same thanks for the insight.
  • #536,626
  • Jul 20, 2020 7:58am Jul 20, 2020 7:58am
Attached Image (click to enlarge)
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  • #536,627
  • Jul 20, 2020 7:59am Jul 20, 2020 7:59am
Quoting navk
{quote} I am afraid, if you post a number, it goes there. I only hope it goes to 2600 before 2660/80 whatever.
don't be afraid navk
you doing very well
  • #536,628
  • Jul 20, 2020 8:04am Jul 20, 2020 8:04am
Quoting thevisitor
{quote} don't be afraid navk you doing very well
you should see my account, whether I am doing very well or very bad.

Intraday only.
  • #536,629
  • Jul 20, 2020 8:04am Jul 20, 2020 8:04am
If you have traded since 2016 till date and you haven't funded your account again due to margin call or fatal loss, it means you are consistent and highly profitable.

It is not about making 50% return in January and blowing up all your effort in May. 10% profit in 2 months with great consistency is better than 50% return in one week with no consistency.

Being on a trade for days for more profit taking at strategic level or due to 60 - 150 pips drawdown isn't necessarily signs of weakness but measure of patience and well thought plan to combat over trading.

August 2019 had less than 300 pips tight range and the range was good invitation for scalping and intraday plays which I'm not against in any way.

September 2019 had over 600 pips wide range and gave little room for tight pips target and trades.

The point here is tight ranges are warning ahead of big moves which will sweep resistance/support as if they do not even exist and being prepared at all times not to be caught at the wrong end of this sudden moves isn't a bad idea at all, in fact that is where the consistency is found.
Data + Stat + Risk/Emotions Management
  • #536,630
  • Jul 20, 2020 8:05am Jul 20, 2020 8:05am
It whom to may concern,

GbpUsd H1 (or H4) we are in a Symmetrical Triangle (it can be Consolidation or Inversion pattern), with decreasing volume before today.

- In case it is confirmed as Consolidation pattern, after breakout the target is 1.2815.
- In case we are having a false breakout on the Top, and the price goes down, we have an Inversion pattern with target around 1.2360 (support area on June 21/22).

If, and just IF, we go down, the area around 1.2315 is good area where we may see some Bull.
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 75 KB

USD Index
Possible Double Bottom on H4, confirmation 97.78 with target at 100, invalidation ad 95,00
Possible Double Bottom on H1, confirmation 96.37 with target at 97, invalidation ad 95,50
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Rumors and news from EU of course, will move the market, in a way or the other

Time will tell
Good luck
  • #536,631
  • Jul 20, 2020 8:10am Jul 20, 2020 8:10am
the drop seems a bit weak
just closed my trade and wait for longer to see
  • #536,632
  • Jul 20, 2020 8:13am Jul 20, 2020 8:13am
Quoting gershal
{quote} Sorry to ask, but what tool do you use cause on the m5 it was difficult for the two candles (the buy and the sell) to hit that level. All the same thanks for the insight.
Simple daily range calculation... At 120 pips daily range 80% risk is already gone for the day, hence selling is safe for 30-50 pips SCALP TARGET... NOT SWING.
Data + Stat + Risk/Emotions Management
  • #536,633
  • Jul 20, 2020 8:22am Jul 20, 2020 8:22am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #536,634
  • Jul 20, 2020 8:22am Jul 20, 2020 8:22am
Equities not looking too healthy - this could put some pressure on other risk assets
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #536,635
  • Jul 20, 2020 8:27am Jul 20, 2020 8:27am
Quoting Moty
{quote} With you mate. Inverted h &s tarfer had completed Daily adr over120 pips Too much for Monday {image} {image} {image}

Many days, from the last week, were below the daily average, too.
At some point in time, there will be a massive daily movement, that will bring up the average daily range value of the under-ranged days to the average daily value?
That could it be any day, but if it is today, that would be just awesome...
Maadik Hugiis. IQ 69.
  • #536,636
  • Jul 20, 2020 8:30am Jul 20, 2020 8:30am
Quoting MoneyZilla
{quote} Many days, from the last week, were below the daily average, too. At some point in time, there will be a massive daily movement, that will bring up the average daily range value of the under-ranged days to the average daily value? That could it be any day, but if it is today, that would be just awesome...
30 pips above 10 day ADR.

Today range
Intraday only.
  • #536,637
  • Jul 20, 2020 8:31am Jul 20, 2020 8:31am
Quoting MoneyZilla
{quote} Many days, from the last week, were below the daily average, too. At some point in time, there will be a massive daily movement, that will bring up the average daily range value of the under-ranged days to the average daily value? That could it be any day, but if it is today, that would be just awesome...

Being on the RIGHT SIDE of the movement is where we all hoping to be
I trade my own information and follow my own methods.
  • #536,638
  • Jul 20, 2020 8:34am Jul 20, 2020 8:34am
sell almost confirmed
  • #536,639
  • Jul 20, 2020 8:35am Jul 20, 2020 8:35am
Quoting Qu|cksilver
Just simple, if the trend tomorrow bullish you buy if bearish you sell im i correct? Hahahah.. {quote}

That's..... Good advice
Beware of robber banks (RB), bad advisors.
  • #536,640
  • Jul 20, 2020 8:36am Jul 20, 2020 8:36am
Where's my friend Onlinus Shortus

Quoting OnlineAddict
{quote} They broke my range below 2400.

So next week a correction higher first. Ideally up rest of the month (June ) and then we can do a whipsaw towards 1.20 or below next month, as planned.
LOL
127 TIMES LOL.
Onlinus, when 1.20?? Any day now old buddy ??
Beware of robber banks (RB), bad advisors.
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