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Cable Update (GBPUSD)

  • #539,861
  • Jul 31, 2020 5:08am Jul 31, 2020 5:08am
Quoting shahab8b
GU, it's going to 1.32 faster than I thought https://www.forexfactory.com/thread/...3#post13079233 but watch out for some form of deep correction from that level {image}
GU, long trade, will go short @ 1.32
Attached Image (click to enlarge)
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  • #539,862
  • Jul 31, 2020 5:11am Jul 31, 2020 5:11am
shorted.

3160 stop.
Intraday only.
  • #539,863
  • Jul 31, 2020 5:13am Jul 31, 2020 5:13am
Attached Image (click to enlarge)
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that’s the crossover and broke it’s little flag . So now back to the upper tl
  • #539,864
  • Jul 31, 2020 5:15am Jul 31, 2020 5:15am
last loss almost gained back .
up up and away to 1.32000
Attached Image (click to enlarge)
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yes yes yes
  • #539,865
  • Jul 31, 2020 5:19am Jul 31, 2020 5:19am
Quoting abhilash
{quote} Early morning good to see cable near TP. Cable showing no sign of weakness whatsoever. Waiting for 1.3160 to hit.

Closed longs at 1.3150... .

Good job done by those who held their longs. Sellers need to wait for the setup. Take a break.

Done for the week. Now wait for next setup. Have a great weekend all.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 55 KB
  • #539,866
  • Jul 31, 2020 5:19am Jul 31, 2020 5:19am
Recent local lockdown news and not phasing G . Still weak $ . End of month and week so be careful lads
  • #539,867
  • Jul 31, 2020 5:22am Jul 31, 2020 5:22am
Quoting navk
shorted. 3160 stop.
adjusted it.

3161 stop.
Intraday only.
  • #539,868
  • Jul 31, 2020 5:23am Jul 31, 2020 5:23am
3155 reach..
next 1.3205
just for a cup of coffee...
  • #539,869
  • Jul 31, 2020 5:24am Jul 31, 2020 5:24am
Quoting akim0895
3155 reach.. next 1.3205
possible.

I have taken short with 3161 stop.

If this fails, i will take short around 3200
Intraday only.
  • #539,870
  • Jul 31, 2020 5:26am Jul 31, 2020 5:26am
lets see where 1H closes..obove or below s1/r1?
  • #539,871
  • Jul 31, 2020 5:26am Jul 31, 2020 5:26am
Quoting navk
{quote} adjusted it. 3161 stop.
Target 3170 for me I sill have my short hedge I never confirmed the stop out .. might be fate so I have left it running
  • #539,872
  • Jul 31, 2020 5:31am Jul 31, 2020 5:31am
Quoting elbert3
{quote} Target 3170 for me I sill have my short hedge I never confirmed the stop out .. might be fate so I have left it running
my short level is 3151. overshoot could be 10 pips or more
Intraday only.
  • #539,873
  • Jul 31, 2020 5:32am Jul 31, 2020 5:32am
Quoting navk
{quote} possible. I have taken short with 3161 stop. If this fails, i will take short around 3200
GL bud
just for a cup of coffee...
  • #539,874
  • Jul 31, 2020 5:35am Jul 31, 2020 5:35am
Quoting elbert3
{quote} Target 3170 for me I sill have my short hedge I never confirmed the stop out .. might be fate so I have left it running
the only indicator I have to short is..

Month end combined with 4 hr overbought.
Intraday only.
  • #539,875
  • Jul 31, 2020 5:36am Jul 31, 2020 5:36am
Quoting akim0895
3155 reach.. next 1.3205
after that?
  • #539,876
  • Jul 31, 2020 5:47am Jul 31, 2020 5:47am
Buying at the top on a friday afternoon on the last day of the month.
Chapter 1: Paragraph 1

This whole thread is centered on just one person. Maybe we should rename it. Traders would pay big money for this much attention and nurturing
  • #539,877
  • Jul 31, 2020 5:54am Jul 31, 2020 5:54am
Quoting mkvy
Buying at the top on a friday afternoon on the last day of the month. Chapter 1: Paragraph 1 This whole thread is centered on just one person. Maybe we should rename it. Day in day out.
At the 1st of June price should go up. It went down. Now end of the montch, $ still weak and slow moves up. Maybe i’ve got same idea like you.
  • #539,878
  • Jul 31, 2020 5:55am Jul 31, 2020 5:55am
Quoting knkie
i think the sellin gis starting. Might be a bit early but i will risk it. SELL 3121 M5 chart {image}

Be careful. The Dollar JUST closed the gap that was there at the open. Gap theory says that once the gap is closed price often continues in the direction of said gap. This could be yet another bear trap.

Also the 15m chart shows a clear deference to bouncing off of previous resistance. We are currently at that level making a sell a possible sell at the edge.
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Don't compare your trades to others. Most often the masses are the asses
  • #539,879
  • Jul 31, 2020 6:07am Jul 31, 2020 6:07am
Quoting mkvy
Buying at the top on a friday afternoon on the last day of the month. Chapter 1: Paragraph 1 This whole thread is centered on just one person. Maybe we should rename it. Traders would pay big money for this much attention and nurturing

Awwww... Cmere Mkvy. You feeling left out?

Have you ever read a post and said to yourself.. "Hey.. I do that SAME thing!!" ?
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Don't compare your trades to others. Most often the masses are the asses
  • #539,880
  • Jul 31, 2020 6:17am Jul 31, 2020 6:17am
Quoting navk
shorted. 3160 stop.
Yes add one more short 1355 sl 3210 tp open
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