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Cable Update (GBPUSD)

  • #537,261
  • Jul 21, 2020 4:41pm Jul 21, 2020 4:41pm
Quoting Not-KPMG
{quote} Nice. Different peopl different frames Ofcourse it's more profitable to identify direction to go....
If you understand Fibonacci you can trade both directions, most get the depth of the retrace wrong.
Charts don't drive price, market conditions drive price...
  • #537,262
  • Jul 21, 2020 4:45pm Jul 21, 2020 4:45pm
Quoting Not-KPMG
{quote} Risky. I can see 2815 and 2915 in mere days....
Very low risk, I'm aware that GU daily is long, but the market rarely gives you 300 pips in a 3 day run. Also, the next pound calendar event is MPC Member Haskel speaking on 23/07.
Charts don't drive price, market conditions drive price...
  • #537,263
  • Jul 21, 2020 4:46pm Jul 21, 2020 4:46pm
Not in the trade ,ima watch when the price come to that line(if it comes) , it may go up when the price touchs it...or even down
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  • #537,264
  • Jul 21, 2020 5:01pm Jul 21, 2020 5:01pm
Quoting Guztro
{quote} Just because someone is trading in the other direction, does not make them wrong Neil0163, you should know this by now. I swing trade around 20 of the 28 pairs, and I'm very rarely wrong, but I will not throw that in the face of someone who is in the opposite direction to my trades. For your information, I'm short as well, entered @1.2750, and I will get to my target. For entertainment purposes, I scalp when I'm bored, I generally target 30 pips on each pair. And, since I understand fundamentals, I can trade any pair. Here's my scalps since...
Whoa! impressive results
  • #537,265
  • Jul 21, 2020 5:09pm Jul 21, 2020 5:09pm
Quoting martinez1
{quote} Just for the last time let me make this clear, according to you my government- business remark is a bad example, that's to you and it's because you don't understand what is happening around you The business men don't rule the Government instead they aline with the government of the day. As long as they( business men) are not the ones on the seat of Government they are not government, what makes them powerful is because the have friends and loyalist in Government not because they rule by so doing a good relationship turned bad can burn them....
Isn't this guy funny
Are you talking about governments in some dictatorship country
What decision hurts you what nonsense are u talking about

You still failed to answer a simple question about what "time frame" you based your "trend" on
Let's just hope it's not the 5 minute chart trend
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #537,266
  • Jul 21, 2020 5:13pm Jul 21, 2020 5:13pm
Quoting ChiForex
This is an interesting fight BTW bulls/bears at current price but BORING too, so enough..retrace to 1.2715 is imminent.
We are already here..Now for this daily candle retrace to 1.2670 support is on table while a deeper one to 1.2610s seems the utmost..on upper side a bounce back to around 1.2750 seems the utmost
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #537,267
  • Jul 21, 2020 5:31pm Jul 21, 2020 5:31pm
Imho test of upper tl possible
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  • #537,269
  • Jul 21, 2020 5:59pm Jul 21, 2020 5:59pm
Quoting Not-KPMG
Hidden
reported
  • #537,270
  • Jul 21, 2020 6:01pm Jul 21, 2020 6:01pm
Quoting Not-KPMG
Hidden
never said that i am a master of Fibos, Demotrader
  • #537,271
  • Jul 21, 2020 6:09pm Jul 21, 2020 6:09pm
Quoting Georginson
My apologies to anyone my analysis might have misled directly or indirectly. I do not intend to cause anyone pain. Perhaps I was somewhat strong biased and I apologise for that sincerely. My intention is to contribute and not to disorganize or misinform fellow traders. I did my best to also put across the importance of money management and I remember I specified my stake levels are 3%, 4% and 3% percent, so even if the price attains 1.2817 level I will only have 20-22% potential damage to my equity. Now for me, I intend closing my short positions...
Self Criticism is crucial for one's advance in life.

This is not to blame or mark on you personally due to your past comments, that passed..no hard feelings BUT many here remember how you among others accused me because I gave advice to another member here since he was holding GU shorts @1.2510-20 despite price reached 1.2650 then market gave him mercy back down to some pips from his orders but he refused to exit at loss.
As that time...this time I repeat the advice not just for you but MAINLY all members here..that such strategies burn accounts sooner or later
AND it is out of logic that after your drawdown shrinks from -150 to -20 pips you keep holding your loss orders just to reach break even or stay stuck in opinion that market MUST target certain level!!
Such mentality have NO LOGIC!
RARELY market go more than let's say 50 pips without retracing some 30 pips back that if you're entering at crucial levels..NOT WHATEVER!

Conclusion: When market price goes against your(in general) order for wide distance like say 50+pips that means your entry is wrong..so time to exit at market mercy pullback.
Of course talking about traders trading daily charts or below and they are the majority here..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #537,272
  • Jul 21, 2020 6:17pm Jul 21, 2020 6:17pm
Quoting Neil0163
{quote} Sell order block place where there is most sellers, appologies for the delay in reply
Guess that means I also did not know bob was buy order block lol. Thanks
Don't compare your trades to others. Most often the masses are the asses
  • #537,273
  • Jul 21, 2020 6:24pm Jul 21, 2020 6:24pm
I mean.... Right?

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Don't compare your trades to others. Most often the masses are the asses
  • #537,274
  • Jul 21, 2020 7:01pm Jul 21, 2020 7:01pm
Every once in a while this thing is right. Let's see.

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Don't compare your trades to others. Most often the masses are the asses
  • #537,275
  • Jul 21, 2020 7:23pm Jul 21, 2020 7:23pm
Quoting Guztro
{quote} Nice entry, all my sell entries triggered @ 1.2750 Trade Safe. Guz
Guz, what is your TP if you don't mind sharing?
Lost....
  • #537,276
  • Jul 21, 2020 7:25pm Jul 21, 2020 7:25pm
Quoting Roszey
Sorry if i offended anyone with my post. Forgive. No hate, just love
Why apologize if you haven't done anything wrong?
What is your TP on those shorts BTW?
Lost....
  • #537,277
  • Jul 21, 2020 7:25pm Jul 21, 2020 7:25pm

just for a cup of coffee...
  • #537,278
  • Jul 21, 2020 7:48pm Jul 21, 2020 7:48pm
My view for today
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  • #537,279
  • Jul 21, 2020 8:02pm Jul 21, 2020 8:02pm
OK, today's trade, short
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Emotional Control. Process, not outcome.
  • #537,280
  • Jul 21, 2020 8:08pm Jul 21, 2020 8:08pm
2665 first target today
Intraday only.
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