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Cable Update (GBPUSD)

  • #538,961
  • Jul 29, 2020 1:04am Jul 29, 2020 1:04am
try test it
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  • #538,962
  • Jul 29, 2020 1:05am Jul 29, 2020 1:05am
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Quoting navk
{quote} you know what, my outlook on gbpusd is bearish today. First target 2850. I dunno 2952 will break. Doubtful If it breaks, then 2976.
Morning Navk got stopped out n the last trade so it’s now here and 3120 beckons but when . Also a break here could see it on its way to 3500 . It would be great to catch the retrace and then load back up for that 3500
  • #538,963
  • Jul 29, 2020 1:07am Jul 29, 2020 1:07am
... 61% of 30 day adr so far today, 75% of the 13 week awr, and 117% of the 12 mth amr. 127.2% of the 2813-2252 @ 2968 broken now in run up. Talk now pf JP being more hawkish than dovish re Fomc later? Should be interesting. From a trading perspective I don't care which so long as it causes volatility/momentum.
Trader with an Edge.
  • #538,964
  • Jul 29, 2020 1:08am Jul 29, 2020 1:08am
Is this a retrace ready to push back up? Resistance level 2970 when broke going long!!!
Don't trade what you think. Just what you see!!!
  • #538,965
  • Jul 29, 2020 1:08am Jul 29, 2020 1:08am
Quoting elbert3
{image}{quote} Morning Navk got stopped out n the last trade so it’s now here and 3120 beckons but when . Also a break here could see it on its way to 3500 . It would be great to catch the retrace and then load back up for that 3500
2976/78 important number.

It is overbought on all TF.

Retrace to 2850 or below is imminent for further move up.

Highly doubtful if 2976/78 will break.

Having said that i am short and my stop 2981.
Intraday only.
  • #538,966
  • Jul 29, 2020 1:11am Jul 29, 2020 1:11am
Quoting Georginson
{quote} Not ruling 1.30 out mate. I stay put and wait
Hey G, I think he's inlove with you.
You've got yourself a stalker!
Lost....
  • #538,967
  • Jul 29, 2020 1:14am Jul 29, 2020 1:14am
Quoting gespiri
{quote} Hey G, I think he's inlove with you. You've got yourself a stalker!
secret admirer i thinks
just for a cup of coffee...
  • #538,968
  • Jul 29, 2020 1:18am Jul 29, 2020 1:18am
Quoting gespiri
{quote} Hey G, I think he's inlove with you. You've got yourself a stalker!
A relentless stalker at that.
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Data + Stat + Risk/Emotions Management
  • #538,969
  • Jul 29, 2020 1:23am Jul 29, 2020 1:23am
Quoting navk
{quote} aggression is for drop? Could be. My stop 2981
who knows

i left my crystal ball at the sorcerer's party
in wondering about yourself, you forgot what you came here to be part of
  • #538,970
  • Jul 29, 2020 1:25am Jul 29, 2020 1:25am
Quoting Georginson
{quote} A relentless stalker at that. {image}

i luv to troll spammers and scammers
in wondering about yourself, you forgot what you came here to be part of
  • #538,971
  • Jul 29, 2020 1:25am Jul 29, 2020 1:25am
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Quoting navk
{quote} 2976/78 important number. It is overbought on all TF. Retrace to 2850 or below is imminent for further move up. Highly doubtful if 2976/78 will break. Having said that i am short and my stop 2981.
It started with this rake short . And it tells us it can break just as it told us at 2800 which I posted was a false pennant break and played out as I expected. I told George it will pass 280 to a fib ext and then shoot down . We are now on the third major fib number . Will it go back to 2398 ???
  • #538,972
  • Jul 29, 2020 1:27am Jul 29, 2020 1:27am
Inserted Video

Quoting knkie
{quote} who knows i left my crystal ball at the sorcerer's party
Its magic
Don't trade what you think. Just what you see!!!
  • #538,973
  • Jul 29, 2020 1:27am Jul 29, 2020 1:27am
Quoting navk
{quote} 2976/78 important number. It is overbought on all TF. Retrace to 2850 or below is imminent for further move up. Highly doubtful if 2976/78 will break. Having said that i am short and my stop 2981.
That 2976 level was a TP that hit to the pip on a fib that i drew june 9, so could be an important top with some significant retrace
  • #538,974
  • Jul 29, 2020 1:28am Jul 29, 2020 1:28am
Quoting elbert3
{image}{quote}It started with this rake short . And it tells us it can break just as it told us at 2800 which I posted was a false pennant break and played out as I expected. I told George it will pass 280 to a fib ext and then shoot down . We are now on the third major fib number . Will it go back to 2398 ???
no doubt, important number.

Risk wise small risk and worth to take it.
Intraday only.
  • #538,975
  • Jul 29, 2020 1:29am Jul 29, 2020 1:29am
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the 2800 fake showed . And over all look is this break or back to fake .. choices
  • #538,976
  • Jul 29, 2020 1:32am Jul 29, 2020 1:32am
short 1.2961
Make money by doing the opposite of Giveachance aka loser
  • #538,977
  • Jul 29, 2020 1:35am Jul 29, 2020 1:35am
Quoting elbert3
{image}{quote}It started with this rake short . And it tells us it can break just as it told us at 2800 which I posted was a false pennant break and played out as I expected. I told George it will pass 280 to a fib ext and then shoot down . We are now on the third major fib number . Will it go back to 2398 ???
Yeah I do remember Elbert told me this 1.28 will break out and it's proven to be a correct call... The only correlation I see now is

May Low 1.2073 to 1.2812 June High contained 739 pips... Then a rebound to 1.2250 that same June being 562 pips retracement.

Here a break of that June High is certain invitation of higher move to 1.2990/1.3000 area which serves as a conincidence of the below illustrated move

June Low 1.2250 to 1.2975 July high so far also contains 725 pips .... Then do we now rule out a retracement to 1.26/1.25 area considering the earlier wave had 562 pips retracement?
And also considering the time frames showing extreme overbought conditions. Can this move drag longer to 1.32 area or a pull back to 1.26 area to gather further momentum to attack 1.32/1.35 area?
Data + Stat + Risk/Emotions Management
  • #538,978
  • Jul 29, 2020 1:36am Jul 29, 2020 1:36am
Just added here..

Another bad squeeze in a bit..
Please take care of shorts

I prefer the bull side for easy money

SS
  • #538,979
  • Jul 29, 2020 1:41am Jul 29, 2020 1:41am
re bigger target shorts: there are patterns of regular bearish div in osc's to 4hr but then again there have mostly been on 1hr all the way up since 2769 lol...not all them valid per my edge/osc settings at least....this happens in a trending market both ways and it is marrying these up with the smaller t/f's and pot supp/res that can give the hi-prob counter-trend entries...as for targets - well I always start with the knowledge in a trending market - that we are in a trending market so let PA be my guide on successively higher t/f's from the entry trigger chart....of course on the lower t/f's this means you are more likely to get knocked out of a counter trend opp too early - but I'd rather 'be out of a good one than trapped in a bad one' as they say particularly as there will likely/oftentimes be hi-prob opps to get back involved if it develops into something deeper as counter trends develop - these on the lower t/f's.
Trader with an Edge.
  • #538,980
  • Jul 29, 2020 1:45am Jul 29, 2020 1:45am
Another sight... Double top in April at 1.2646 got attacked and did stop at 1.2812 which means 166 pips break to the top. After this was a sell off to 1.2250

Now 1.2812 in June already has 163 pips break to the top which has taken us to this current High of 1.2975, after this will be what level of retracement? Or a further rise?
Data + Stat + Risk/Emotions Management
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