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Cable Update (GBPUSD)

  • #540,861
  • Aug 5, 2020 3:38am Aug 5, 2020 3:38am
Quoting trumps
Wherever the bears go, there the bulls are
Any dip continues to be a very good buying opportunity
Compulsions can be hard to resist
  • #540,862
  • Aug 5, 2020 3:39am Aug 5, 2020 3:39am
This push up showing strength, could see R2 (1.3180) today.
  • #540,863
  • Aug 5, 2020 3:57am Aug 5, 2020 3:57am
Quoting LeongPuiy
311x is clear now ? next 3140/3170 maybe
Market Eat both Side
PA
Completed Return This Week: 1.0%
  • #540,864
  • Aug 5, 2020 3:58am Aug 5, 2020 3:58am
Bulls maintaining control, long wick under 1hr candle
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-08-05 GBPUSD 1 31022 +0 24% Unnamed.png Size: 53 KB
Don't Leave Money on the Table
  • #540,865
  • Aug 5, 2020 4:06am Aug 5, 2020 4:06am
Moty did you close your GU short went it went in your favour?
  • #540,866
  • Aug 5, 2020 4:07am Aug 5, 2020 4:07am
Quoting Theoak
Short in at 1.3067 target 30 pips
Well just popped out - school boy error no stop loss set - 30 pips in the red, but I think this has a chance to go bear.....
Don't trade what you think. Just what you see!!!
  • #540,867
  • Aug 5, 2020 4:12am Aug 5, 2020 4:12am
Im in Gu shorts from top this day,how things go i look in US open.Maybe close maybe not,i can leave it
  • #540,868
  • Aug 5, 2020 4:17am Aug 5, 2020 4:17am
Quoting Theoak
{quote} Well just popped out - school boy error no stop loss set - 30 pips in the red, but I think this has a chance to go bear.....
Most recent 1hr candle close doesn't look good for bears, keep your stops tight.
  • #540,869
  • Aug 5, 2020 4:21am Aug 5, 2020 4:21am
Quoting left-brained
{quote} Most recent 1hr candle doesn't close doesn't look good for bears, keep your stops tight.
Too right bud. I've got my fingers crossed!!!
Don't trade what you think. Just what you see!!!
  • #540,870
  • Aug 5, 2020 4:23am Aug 5, 2020 4:23am
Quoting pipfarm
{quote} Your original post referred to the progression of the daily LH LL bars, the daily swing is up , take a look at as many daily swings as you like a progression of LH LL bars after a series of HH HL bars is most often a correction of which you are looking at the internal structure using the hourly swings. I know from experience that it is far more profitable to buy the dips in an up swing and sell the rallies in a down swing rather than try to sell into a dip in an upswing and buy into a rally in a down swing. Here is an example using a 4H...
All good Bud,
Thanks for the detailed explanation. Yes, I was possibly fooled into the sequence of daily lower highs and lower lows which in my opinion was a possible correction, and was thinking that we could correct down to my yearly pivot at 1.2908 ish but should have taken more notice of 1.3000 area which is heavily defended with long daily candle wicks. Nevertheless, I am long and trade from the daily candle down to the 4hr timeframe. We shall have to see what today brings and anything can still happen.
Have a great day,
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_678.png Size: 104 KB
Trade to trade another day
  • #540,871
  • Aug 5, 2020 4:24am Aug 5, 2020 4:24am
Quoting Theoak
{quote} Too right bud. I've got my fingers crossed!!!
27 pip loss
Don't trade what you think. Just what you see!!!
  • #540,872
  • Aug 5, 2020 4:30am Aug 5, 2020 4:30am
Need a break?
If you just cant take it any more, the whole thread hijacked by one fool then you are welcome to the new

Cable Update (GBPUSD) thread, hunfreds have already made the transition
https://www.forexfactory.com/thread/...hout-the-idiot
  • #540,873
  • Aug 5, 2020 4:35am Aug 5, 2020 4:35am
Quoting Tpak
{quote} i may be wrong , but my system says it could break the previous high of the day. 4h candle did not attempted the resistance at 1.3134 so may be wanting some more fuel to attempt .
you may be right
Intraday only.
  • #540,874
  • Aug 5, 2020 4:35am Aug 5, 2020 4:35am
Quoting mkvy
Need a break? If you just cant take it any more, the whole thread hijacked by one fool then you are welcome to the new Cable Update (GBPUSD) thread, hunfreds have already made the transition https://www.forexfactory.com/thread/...hout-the-idiot
Hey mkvy many traders here said why don't you just ignore Moty? Got me thinking maybe you don't know how to do it so I'm uploading a screenshot, this should help you
Attached Image
Don't Leave Money on the Table
  • #540,875
  • Edited 4:47am Aug 5, 2020 4:37am | Edited 4:47am
Quoting HaLBot
{quote} Hey mkvy many traders here said why don't you just ignore Moty? Got me thinking maybe you don't know how to do it so I'm uploading a screenshot, this should help you {image}
Unfortunately that does not work as this thread discussion will still be centered on the fools trades. I'm just giving an alternative location where other members trading views can be discussed. Oh, and Twee agrees with me-We are here to learn and help each other

Cable Update (GBP/USD) Without The Idiot
  • #540,876
  • Aug 5, 2020 4:43am Aug 5, 2020 4:43am
Quoting mkvy
{quote} Unfortunately that does not work as this thread discussion will still be centered on the fools trades. I'm just giving an alternative location where other members trading views can be discussed
Instead of calling him a fool, why not teach him?
  • #540,877
  • Aug 5, 2020 4:43am Aug 5, 2020 4:43am
it is going more today..

Long term buyers under control.

r2 may be
Intraday only.
  • #540,878
  • Aug 5, 2020 4:46am Aug 5, 2020 4:46am
Quoting left-brained
{quote} Instead of calling him a fool, why not teach him?
unteachable
  • #540,879
  • Aug 5, 2020 4:49am Aug 5, 2020 4:49am
Quoting left-brained
{quote} Instead of calling him a fool, why not teach him?
I think this would be a bad idea.
Don't trade what you think. Just what you see!!!
  • #540,880
  • Aug 5, 2020 4:50am Aug 5, 2020 4:50am
Quoting navk
it is going more today.. Long term buyers under control. r2 may be
need more
..?
just for a cup of coffee...
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