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Cable Update (GBPUSD)

  • #541,541
  • Aug 7, 2020 10:30am Aug 7, 2020 10:30am
Quoting Marcieny
{quote} haha what a good halbot ... I wish your account to keep growing.
Thanks Marci...
Don't Leave Money on the Table
  • #541,542
  • Aug 7, 2020 10:33am Aug 7, 2020 10:33am
Quoting mesiforex
My target at W-pivot 1.3010 {image}
Hit TP. happy
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  • #541,543
  • Aug 7, 2020 10:41am Aug 7, 2020 10:41am
Quoting seincard
Sell limit @ 1.3049
active but i closed @ be

wait for next week
  • #541,544
  • Aug 7, 2020 10:41am Aug 7, 2020 10:41am
Drop Like a stone 1.25
Lets see your bear face
Attached Image
  • #541,545
  • Aug 7, 2020 10:45am Aug 7, 2020 10:45am
Quoting HaLBot
Opened a new account on the 24th of July and just cracked 100% profit This accounts going to the Moon.... 24th of July 1969 was when the Apollo 11 capsule splashed down in the pacific, first men on the Moon
i made 200%
Make money by doing the opposite of Giveachance aka loser
  • #541,546
  • Aug 7, 2020 10:45am Aug 7, 2020 10:45am
Quoting Wavegarrick
From a 15min perspective. This sucker needs to break the little descending trendline. {image}
Hi Guys,

From a 4hr perspective, it is clear that GU could be going into a correctional phase. My future weekly pivot sitting currently at 1.30697 ish. If my weekly candle closes above 1.31000 I retract all I am saying here and would look for buy trades only in the new week. However, we all know that what goes up must come down, so I will look for shorts below 1.30697 next week. I have a confluence of supports between 1.2908, my yearly pivot, and my monthly pivot at 1.28687 and by my calculations, my weekly support will be around this area. My month-long ascending trendline is also something I will be watching and a clear break below puts bears in control.

I have closed some of my long term buy trades and await next week.

Have a great weekend
Cheers
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Trade to trade another day
  • #541,547
  • Aug 7, 2020 10:52am Aug 7, 2020 10:52am
Attached Image (click to enlarge)
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yes yes yes
  • #541,548
  • Aug 7, 2020 11:03am Aug 7, 2020 11:03am
That's vintage.

KP

Quoting HaLBot
....doesn't matter how much you make, it's what you keep
Do your homework, follow the footprints of smart money
  • #541,549
  • Aug 7, 2020 11:10am Aug 7, 2020 11:10am
Quoting HaLBot
{quote} Cheers KeenPips, yes doesn't matter how much you make, it's what you keep
What I have read from the guru’s is to always go for targets, but this is the opposite to my personal experience. Keep the bugs bunny at all costs.
Don't trade what you think. Just what you see!!!
  • #541,550
  • Aug 7, 2020 11:15am Aug 7, 2020 11:15am
Quoting msniper
i am short GU at 1.3112 target minimum 1.3055 but maybe more depend on the market but for the H&S pattern the target is 1.305x
target reached

i expect a bounce now a dead cat bounce near 1.3100 then down again one final leg down. and then price continue to fly again for new highs
  • #541,551
  • Aug 7, 2020 11:17am Aug 7, 2020 11:17am
Quoting Moty
{image}
I am inclined to believe you because after 4 hours PA is yet to close below EMA 200/H1
  • #541,552
  • Aug 7, 2020 11:22am Aug 7, 2020 11:22am
Quoting msniper
{quote} target reached i expect a bounce now a dead cat bounce near 1.3100 then down again one final leg down. and then price continue to fly again for new highs
You called it correctly. What is your final low before it turns higher?
Observation is the path to discovery.
  • #541,553
  • Aug 7, 2020 11:23am Aug 7, 2020 11:23am
Quoting Alorente
{quote} You called it correctly. What is your final low before it turns higher?
1.23-1.24
Make money by doing the opposite of Giveachance aka loser
  • #541,554
  • Aug 7, 2020 11:28am Aug 7, 2020 11:28am
Quoting nessus94
{quote} 1.23-1.24
I have it at 1.2850 but I am doubting this figure because if it breaks the neckline of the double top, the minimum target is 1.27+.
I am beginning to consider the possibility of a bounce on the neckline and higher from there.
Observation is the path to discovery.
  • #541,555
  • Aug 7, 2020 11:28am Aug 7, 2020 11:28am
Quoting Theoak
{quote} What I have read from the guru’s is to always go for targets, but this is the opposite to my personal experience. Keep the bugs bunny at all costs.
Yes it's difficult to trade like those guys, they tend to have an infallible belief in their abilities and it works.....
The levels(targets) are not random but a combination of a number of factors, just need to get good at recognizing them and having the infallible belief in your trading ability. I've been watching a legendary trader John "Rambo" Moulton on youtube again lately and he says "Self Belief is everything in trading"
Learning this stuff all applies to me as well....LOL
Might be another lifetime b4 I'll be a 'Legendary Trader'....
Don't Leave Money on the Table
  • #541,556
  • Aug 7, 2020 11:37am Aug 7, 2020 11:37am
1.30pm is when this piece of info, stimulus package, looks like being announced, because they put it back already.
So could be some scalping opportunities heading our way....

https://www.forexlive.com/news/!/pel...house-20200807
Don't Leave Money on the Table
  • #541,557
  • Aug 7, 2020 11:38am Aug 7, 2020 11:38am
Quoting Alorente
{quote} I have it at 1.2850 but I am doubting this figure because if it breaks the neckline of the double top, the minimum target is 1.27+. I am beginning to consider the possibility of a bounce on the neckline and higher from there.
What we may be in for is a repeat of the price action of 9/2/2019 to 12/2/2019. If we consolidate sideways above the neckline like we did then, it could later work its way higher without a deep retracement. Next week we should know if this is a likely scenario.
Observation is the path to discovery.
  • #541,558
  • Aug 7, 2020 11:40am Aug 7, 2020 11:40am
Quoting Mitiblotch
No shorts for me until we hit that daily pivot. If we stay below then I may consider.
Bears hit a full 150 pips today. Wicked bear.
  • #541,559
  • Aug 7, 2020 11:43am Aug 7, 2020 11:43am
I made direct contact with the guru. He says,
"The fall is coming", or maybe i miss heard,"The Fool is coming"
  • #541,560
  • Aug 7, 2020 11:47am Aug 7, 2020 11:47am
Quoting HaLBot
{quote} Yes it's difficult to trade like those guys, they tend to have an infallible belief in their abilities and it works..... The levels(targets) are not random but a combination of a number of factors, just need to get good at recognizing them and having the infallible belief in your trading ability. I've been watching a legendary trader John "Rambo" Moulton on youtube again lately and he says "Self Belief is everything in trading" Learning this stuff all applies to me as well....LOL Might be another lifetime b4 I'll be a 'Legendary Trader'.......
True. Your belief is all that matters. You can raise any account from scratch to something big, if you have strong belief in your abilities. With wobbling mindset, a huge account can be burned to the ground.
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