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Cable Update (GBPUSD)

  • #540,941
  • Aug 5, 2020 7:17am Aug 5, 2020 7:17am
Quoting KeenPips
Nothing has changed in the GBPUSD market since Monday; the 1.31950 multi-year horizontal resistance is still intact despite bullish attempts to breach it, resulting in sideways of market operation. KP
Yep, i'm slightly worried about that (Being a medium timeframe trend follower)
  • #540,942
  • Aug 5, 2020 7:23am Aug 5, 2020 7:23am
Quoting KeenPips
Nothing has changed in the GBPUSD market since Monday; the 1.31950 multi-year horizontal resistance is still intact despite bullish attempts to breach it, resulting in sideways of market operation. KP
KP, in the end it's gonna come down to one thing...who's been printing more money...
Charts don't drive price, market conditions drive price...
  • #540,943
  • Aug 5, 2020 7:24am Aug 5, 2020 7:24am
currently floating loss here
  • #540,944
  • Aug 5, 2020 7:25am Aug 5, 2020 7:25am
Quoting Guztro
{quote} The pound and Euro is all over the US dollar, aiming for a nice round number 1.1900 is not a bad idea. Guz
Thanks man. Thanks man,
Please don't shy away from sharing your ideas here. I do appreciate it. Meanwhile, I sent you a PM.
  • #540,945
  • Aug 5, 2020 7:26am Aug 5, 2020 7:26am
3140-60-70 the first pot res I can see being the prev 1hr/4hr/minor dly sw hi - price just into the dly part of that @ current hi. 3179 is Dly R2, and of course the we are in the prev dly/wkly sw hi's leading to 3200 and 3209, with some wkly/mthly desc t/lines and dly asc channel top in that vicinity too. Price currently @ 91.3% of 30 day adr with an exact 50% chance of achieving 100% of the current 107pips 30 day adr based on last 30 days.
Trader with an Edge.
  • #540,946
  • Aug 5, 2020 7:27am Aug 5, 2020 7:27am
S/R2 may hit
Ny just opened lets see..as usdix can go touch 92.600 or 500
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  • #540,947
  • Aug 5, 2020 7:35am Aug 5, 2020 7:35am
Quoting thevisitor
currently floating loss here
it could hit 3170 R2 today.

I am making 4 pips and 5 pips since early London , I missed long
Intraday only.
  • #540,948
  • Aug 5, 2020 7:41am Aug 5, 2020 7:41am
Hmm closed..ima watch this
  • #540,949
  • Aug 5, 2020 7:42am Aug 5, 2020 7:42am
In the interim, what's our duty?....Wait for the confirmation of such a move!

Trade safe.

KP

Quoting Guztro
{quote} KP, in the end it's gonna come down to one thing...who's been printing more money...
Do your homework, follow the footprints of smart money
  • #540,950
  • Aug 5, 2020 7:46am Aug 5, 2020 7:46am
Almost there.....
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Don't compare your trades to others. Most often the masses are the asses
  • #540,951
  • Aug 5, 2020 7:52am Aug 5, 2020 7:52am
Quoting navk
{quote} it could hit 3170 R2 today. I am making 4 pips and 5 pips since early London , I missed long
like you said , if daily open is above daily pivot , look for long
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yes yes yes
  • #540,952
  • Aug 5, 2020 7:54am Aug 5, 2020 7:54am
Quoting Moty
{quote} like you said , if daily open is above daily pivot , look for long {image}
correct
Intraday only.
  • #540,953
  • Aug 5, 2020 7:56am Aug 5, 2020 7:56am
Quoting Moty
{quote} like you said , if daily open is above daily pivot , look for long {image}
when the price raised in NY session yesterday and closed at daily open, that is indication, the price has reversed.
Intraday only.
  • #540,954
  • Aug 5, 2020 7:56am Aug 5, 2020 7:56am
Quoting Moty
{quote} like you said , if daily open is above daily pivot , look for long {image}
My old strategy... keep the fire burning
Le$$ I$ More
  • #540,955
  • Aug 5, 2020 8:02am Aug 5, 2020 8:02am
Quoting OBsayMkMoney
Almost there..... {image} {image}
take profit.
this area has a pop potential!
  • #540,956
  • Aug 5, 2020 8:04am Aug 5, 2020 8:04am
I think price may retrace to 1.3106/10 before going up to 1.3170/72. I may be wrong. Just a thought.
  • #540,957
  • Aug 5, 2020 8:11am Aug 5, 2020 8:11am
since I missed long opportunity in London, I made lots and lots of 5 dollars and 10 dollars...maximum 12 dollars.

lol

Strange day for me.
Intraday only.
  • #540,958
  • Aug 5, 2020 8:22am Aug 5, 2020 8:22am
Quoting LeongPuiy
{quote} But 2 is rejecting up, should be 1 bearish and 2 bullish candle there, not 3 bearish
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  • #540,959
  • Aug 5, 2020 8:23am Aug 5, 2020 8:23am
Quoting emannnn
hi guys. i have a qustion {image}
It is one of the oldest rules in Forex my friend. Breakout..... Retest.... Go. Here is a video where he calls it the master pattern, but in the end it is just price crossing a line.. retesting it.. then going in the original direction.


Inserted Video
Don't compare your trades to others. Most often the masses are the asses
  • #540,960
  • Aug 5, 2020 8:25am Aug 5, 2020 8:25am
Quoting Theoak
{quote} Because its a 1 min chart. If you get charts up for daily, 4hr and 1 hr. The direction is north on a very good bull run. The (1min) smaller timeframes will not win a battle with higher time frames. I look at is as the big boys higher timeframes and the kids are the smaller ones. They throw you a few sweets to encourage you; then wipe you out!
I thought so too.. turns out it is a 30m chart.
Don't compare your trades to others. Most often the masses are the asses
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