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Cable Update (GBPUSD)

  • #537,661
  • Jul 23, 2020 2:32am Jul 23, 2020 2:32am
Quoting akhmadixmail
waiting... {image}
take sl to entry level, good luck.
pivot could be bad.
  • #537,662
  • Jul 23, 2020 2:33am Jul 23, 2020 2:33am
Quoting Headland
{quote} ...if it does continue up from there it will have cleared out a few weak longs and encouraged a few short for good measure lol ! 1hr below. {image}
If this is the case where do we put our stops? A 35 pip spike down, which could turn into a bear run. My original trade was for 40 pips with 20 pip stop loss. I was up 20 pips.
Don't trade what you think. Just what you see!!!
  • #537,663
  • Jul 23, 2020 2:34am Jul 23, 2020 2:34am
Quoting gatenio
{quote} take sl to entry level, good luck.
perfect :thumbup:
  • #537,664
  • Jul 23, 2020 2:35am Jul 23, 2020 2:35am
Hope my shorts can break the 1.271 resistance point. Need some greens baby!!
  • #537,665
  • Jul 23, 2020 2:37am Jul 23, 2020 2:37am
Quoting Mr.Tea
my two cents... @OBsayMkMoney {image}

Looks like the second Zone chops a lot
My long get stopped out + 20 Pips, better than nothing.
  • #537,666
  • Jul 23, 2020 2:38am Jul 23, 2020 2:38am
Quoting Theoak
{quote} If this is the case where do we put our stops? A 35 pip spike down, which could turn into a bear run. My original trade was for 40 pips with 20 pip stop loss. I was up 20 pips.
I think this will start going up soon. Well I hope so!!!
Don't trade what you think. Just what you see!!!
  • #537,667
  • Jul 23, 2020 2:44am Jul 23, 2020 2:44am
Quoting Theoak
{quote} If this is the case where do we put our stops? A 35 pip spike down, which could turn into a bear run. My original trade was for 40 pips with 20 pip stop loss. I was up 20 pips.
I wasn't long from there but If I had a trade target that may extend farther than intraday or further than a typical intraday target - for a long trade from the area you indicate, I would be placing my stop at least under the last major 1hr/4hr swing lo ie below 2643 but whether that makes any sense in respect of your R:R I don't know - only you can determine that.
Trader with an Edge.
  • #537,668
  • Jul 23, 2020 2:44am Jul 23, 2020 2:44am
Quoting Moty
bearish engulfing h4 candle {image}
2644 needs to go before any if any opening to 2400
  • #537,669
  • Jul 23, 2020 2:46am Jul 23, 2020 2:46am
Quoting Theoak
{quote} Well it might be, but I don't like it. I'm long with a target now of 110 pips and stop loss of 45 pips.
I hope it works out for you.
Compulsions can be hard to resist
  • #537,670
  • Jul 23, 2020 2:50am Jul 23, 2020 2:50am
Zero Sum

what about fx ? :
Attached Image
not euphoria follower
  • #537,671
  • Jul 23, 2020 2:52am Jul 23, 2020 2:52am
...drop has certainly changed the intraday look of things if nothing else...1hr below... pot supp becomes res now at the current recovery hi then y/day's hi area where that 5min congestion/consolidation is before the drop - if seen.
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Trader with an Edge.
  • #537,672
  • Jul 23, 2020 2:55am Jul 23, 2020 2:55am
keep buying
Make money by doing the opposite of Giveachance aka loser
  • #537,673
  • Jul 23, 2020 2:56am Jul 23, 2020 2:56am
Quoting Theoak
{quote} I think this will start going up soon. Well I hope so!!!
Two longs on
1.2735 and 1.2724 Target 110 pips sl 40 pips
Attached Image (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #537,674
  • Jul 23, 2020 2:58am Jul 23, 2020 2:58am
Quoting trumps
{quote} I hope it works out for you.
Me 2
Don't trade what you think. Just what you see!!!
  • #537,675
  • Jul 23, 2020 2:59am Jul 23, 2020 2:59am
the drop is here
Attached Image (click to enlarge)
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yes yes yes
  • #537,676
  • Jul 23, 2020 3:01am Jul 23, 2020 3:01am
Quoting Theoak
{quote} I'm starting to look at theses charts in a way. That the big boys keep filling these shorts and when the time is right just press the button, but as long as these short keep coming in they keep filling the orders. I might be wrong! The momentum is up, but people are trying to pick the top as always.
Its always the case with us all.. we always wanna pick the tops and bottoms and most times, it never works..

I agree the momentum is UP but MM will always try to drag the opposite directions in. Nothing new.. standard practice for them.

Personally, for a profitable trade on GU, I will keep buying dips.. Won’t be deceived to shorting minor pips when there’s loads of pips on the bull side..

1.29 is like a magnet
lets see

StaySafe
  • #537,677
  • Jul 23, 2020 3:09am Jul 23, 2020 3:09am
Last 4H update for the day... still hanging in there ... have a great day guys!
Attached Image (click to enlarge)
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Emotional Control. Process, not outcome.
  • #537,678
  • Jul 23, 2020 3:12am Jul 23, 2020 3:12am
Quoting navk
{quote} if it drops, 2710 to hold. IMO
2709 held.

I bought now. 2713 stop.
Intraday only.
  • #537,679
  • Jul 23, 2020 3:13am Jul 23, 2020 3:13am
Attached Image (click to enlarge)
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the big tl left will take it to 3500 . Could it bee that confirm breakout stay that way??? We have to note it . Or best case 2400 and 4300 end of this year ..
  • #537,680
  • Jul 23, 2020 3:16am Jul 23, 2020 3:16am
Quoting JayBag
{quote} Its always the case with us all.. we always wanna pick the tops and bottoms and most times, it never works.. I agree the momentum is UP but MM will always try to drag the opposite directions in. Nothing new.. standard practice for them. Personally, for a profitable trade on GU, I will keep buying dips.. Won’t be deceived to shorting minor pips when there’s loads of pips on the bull side.. 1.29 is like a magnet lets see StaySafe
35 pip 5 min candle as just took out a loads of longs. Where do we place stops???
Don't trade what you think. Just what you see!!!
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