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Cable Update (GBPUSD)

  • #541,361
  • Aug 6, 2020 11:55pm Aug 6, 2020 11:55pm
Market has gone risk off.. Dollar back in the game
  • #541,362
  • Aug 7, 2020 12:33am Aug 7, 2020 12:33am
He push the button ?
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not euphoria follower
  • #541,363
  • Aug 7, 2020 12:52am Aug 7, 2020 12:52am
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yes yes yes
  • #541,364
  • Edited 1:33am Aug 7, 2020 1:12am | Edited 1:33am
took short.

1.31340 stop.

if this hits, no short.

will wait
Intraday only.
  • #541,365
  • Aug 7, 2020 1:20am Aug 7, 2020 1:20am
Quoting navk
took short. 3135 stop
i am targeting with a similar short 1.31
A trader is as good as his stop loss. Understand your mistakes.
  • #541,366
  • Aug 7, 2020 1:24am Aug 7, 2020 1:24am
Quoting Student21
{quote} i am targeting with a similar short 1.31
if this level 3134/40 holds, then one can aim close 3050
Intraday only.
  • #541,367
  • Aug 7, 2020 1:29am Aug 7, 2020 1:29am
Quoting navk
{quote} if this level 3135/40 holds, then one can aim close 3050
Is there still a possibility of price getting to pivot so that one can sell from a good price ?
  • #541,368
  • Aug 7, 2020 1:31am Aug 7, 2020 1:31am
Quoting navk
{quote} if this level 3135/40 holds, then one can aim close 3050
Please give me 3150 first (daily pivot 3147). Lol... Let's see how price behaves today.
  • #541,369
  • Aug 7, 2020 1:33am Aug 7, 2020 1:33am
Quoting epzero
{quote} Is there still a possibility of price getting to pivot so that one can sell from a good price ?
GU can spike any time. But if it spikes, please don't sell blindly. I somehow think today might be another up day.
  • #541,370
  • Aug 7, 2020 1:34am Aug 7, 2020 1:34am
Quoting Mitiblotch
{quote} Please give me 3150 first (daily pivot 3147). Lol... Let's see how price behaves today.
want more..
just for a cup of coffee...
  • #541,371
  • Aug 7, 2020 1:36am Aug 7, 2020 1:36am
aki wants more... so be careful
Intraday only.
  • #541,372
  • Aug 7, 2020 1:37am Aug 7, 2020 1:37am
Quoting navk
aki wants more... so be careful
just for a cup of coffee...
  • #541,373
  • Edited 2:19am Aug 7, 2020 1:37am | Edited 2:19am
G/M....asian session sell-off then bounce back up off that dly prev sw hi=prev res=pot supp, @ 3097 current dly lo...83 pips the current pullback off y/day's 3180 hi.....price is now finding some res @ the prev 1hr sw lo zone = prev supp=pot res...

U.s Nfp etc later...near-term direction could well be influenced by that. 1hr below.
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Trader with an Edge.
  • #541,374
  • Aug 7, 2020 1:39am Aug 7, 2020 1:39am
Quoting Headland
{quote} I do fibs manually, and I do supp/res manually - on t/f's 1hr, 4hr, dly, wkly, mthly - but have this indicator attached blacked out so just leaves the text. Most of the time during my trading sessions is spent updating (as price discovery takes place) / working out the highest probability confluences of potential supp/res factors so I know where to trade at for an intraday swing should one of my set-up (s) develop at them across 1 or more t/f's. {file}
thank you bro . i have one question . before 2 weeks , i just make support and resistance on Daily chart , then comes to H4 , then H1 , and try to take trade on m5 and m15 , but when i see moty charts , he comparison with gbpusd chart with US doller index , then i also tried this , but in 2 days experience i see that , when dollar index candles moves , gbpusd charts candles doest not respect any support and resistance , it only respect dollar index candles . please understand me this .
and BRo NAVk , please understand me this line with one example , im thankful to you , when daily open on daily pivot it goes for long , i understand some , but plz make clear to me , and if any example , iwiil be thank ful to you.
  • #541,375
  • Aug 7, 2020 1:39am Aug 7, 2020 1:39am
Quoting akim0895
{quote} want more..
Lol... I am satisfied with 3150. Hahaha...
  • #541,376
  • Aug 7, 2020 1:45am Aug 7, 2020 1:45am
Quoting akim0895
{quote}
aki is long when others are short.

He is short when others long.

Very much confusing.
Intraday only.
  • #541,377
  • Aug 7, 2020 1:47am Aug 7, 2020 1:47am
Quoting navk
{quote} aki is long when others are short. He is short when others long. Very much confusing.
out there lot of different system and indi buddy..
so we as a traders will come with different of view and opinion too..
️
just for a cup of coffee...
  • #541,378
  • Aug 7, 2020 1:48am Aug 7, 2020 1:48am
Quoting akim0895
{quote} out there lot of different system and indi buddy.. so we as a traders will come with different of view and opinion too.. ️
yeah. that confuses always
Intraday only.
  • #541,379
  • Aug 7, 2020 1:48am Aug 7, 2020 1:48am
Quoting Hard.target
{quote} thank you bro . i have one question . before 2 weeks , i just make support and resistance on Daily chart , then comes to H4 , then H1 , and try to take trade on m5 and m15 , but when i see moty charts , he comparison with gbpusd chart with US doller index , then i also tried this , but in 2 days experience i see that , when dollar index candles moves , gbpusd charts candles doest not respect any support and resistance , it only respect dollar index candles . please understand me this . and BRo NAVk , please understand me this line with one...

I can only speak from my own experience and consistent with my edge...whilst I find other's analysis interesting here - it doesn't influence me. Re potential supp/res..you really need to enter a trade a maximum of 2 t/f's down from that the supp or res appears on in any time frame combination analysis like dly/4hr/1hr for eg...ie if you have potential supp plotted on the daily chart then you should look at 4hr for a set-up from there and possibly fine tune the entry on 1hr....5min would be difficult if acting on a daily supp zone - it's too far away from the daily (particularly for inexperienced traders.) For example if I see potential supp becomes res on 1hr ie a prev 1hr sw lo zone then I would look to see if it exists as such on 4hr (potentially stronger if it does) and also if there are any other potential res factors there too like fibs or trend lines (confluence)...then I would look for hidden bearish div on 15min and try and fine tune entry on 3min. Hope this helps.
Trader with an Edge.
  • #541,380
  • Aug 7, 2020 1:50am Aug 7, 2020 1:50am
Quoting navk
{quote} if this level 3134/40 holds, then one can aim close 3050
if it gets under 1.3110 and holds it i am also 3050
A trader is as good as his stop loss. Understand your mistakes.
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