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Cable Update (GBPUSD)

  • #541,621
  • Aug 8, 2020 6:17am Aug 8, 2020 6:17am
Quoting navk
{quote} result is important. Going higher has failed at 3150 as per my chart. And not only that. On friday when Asia opened, 4 hr was bearish, london was fully bearish too. {image}
I am not questioning the fact that Friday was a bearish day and unfortunately for me I didn't capture that 100 pip move down
I did capture the bounce back to 3050 thou

On the weekly chart we have a spinning top or Indecision candle with Bears slightly in control, so what can happen is bears will take this down to 2980 b4 bulls take over and push it up again or could continue down next week to the 2750 area. The decending weekly line will probably act as support thou stopping further fall below 2820
Weekly 200 ma comes in @ 2907
Weekly 100 ma comes in @ 2746
Daily 200 ma comes in @ 2705

These are my predictions, Monday opening we have the spectre of a US stimulus package hanging over the collectives heads of traders world wide that could send Cable sky rocketing or plummeting
Attached Image (click to enlarge)
Click to Enlarge Name: 1st Weekly GU August.png Size: 61 KB
Don't Leave Money on the Table
  • #541,622
  • Aug 8, 2020 6:18am Aug 8, 2020 6:18am
Quoting akim0895
{quote} so why not short it when it happen? don't talk after buddy... let move on and wait for new week to open
as i said above, i got influenced by your post.

My system said to short.

And i shorted, then reversed after seeing your post.

Which i should not have.
Intraday only.
  • #541,623
  • Aug 8, 2020 6:20am Aug 8, 2020 6:20am
Quoting navk
{quote} look at my chart posted above. see the reaction on 4th july. The 4hr bearish thing did not continue to daily bearish on 5 th july. That was the indication..bullish scenario intact for 5 th july. however, the bearish 4hr on thursday contnued to daily bearish on friday. {image}
buddy..
we are using different system and methods here.
so no used you keep explain me your system there..
because i'm not understand about it..
then..i only and aways sticks to my system/methods..
not my habits to follow others blindly..
don't want to blame others about my own wrong decision at trading..
just for a cup of coffee...
  • #541,624
  • Aug 8, 2020 6:22am Aug 8, 2020 6:22am
Quoting navk
{quote} as i said above, i got influenced by your post. My system said to short. And i shorted, then reversed after seeing your post. Which i should not have.
so you need fo blame yoursef about it..
not blame others..
beacuse here is public forum buddy..
anybody free to post their view n opinion..
that why i ask earlier..
why not follow me from 2255 there???
every trading day i drop my live trading signal..
take some of your time at weekend and scroll my previous post at my threads..
just for a cup of coffee...
  • #541,625
  • Aug 8, 2020 6:27am Aug 8, 2020 6:27am
Quoting akim0895
{quote} so you need fo blame yoursef about it.. not blame others.. beacuse here is public forum buddy.. anybody free to post their view n opinion.. that why i ask earlier.. why not follow me from 2255 there??? every trading day i drop my live trading signal.. take some of your time at weekend and scroll my previous post at my threads..
well said, it is public forum.

So, while trading, be out from this forum.

For fun, join the forum.

correct?

yeah ..this is what some have done recently.
Intraday only.
  • #541,626
  • Aug 8, 2020 6:45am Aug 8, 2020 6:45am
Quoting navk
{quote} well said, it is public forum. So, while trading, be out from this forum. For fun, join the forum. correct? yeah ..this is what some have done recently.
ha ha..

different position in play is a normal around..
if can't accept others view n opinion..
so better like that..
then nobody can blame each others..
at my threads other traders free to post their view or position in play..
not influenced me at all..
same here..
some shorting since 1.23/24/25/26..till 31 not influenced me at all..but need to be respects their decision..
just for a cup of coffee...
  • #541,627
  • Aug 8, 2020 7:15am Aug 8, 2020 7:15am
I’m waiting if the price touches that January pin candle… I’m finding this sale very weak, especially the price being a correction and walking a little during the week.
  • #541,628
  • Aug 8, 2020 7:39am Aug 8, 2020 7:39am
Quoting navk
{quote} true, my point is not 2225. we never discussed that. We discussed what could happen at 3150/3100. The more ..finally not correct as per your analysis. My view was reversal point around 3150, and not at 2225. It was just that i took your post granted. which I should not. And never also.
Maybe you get the Bad popcorn festival time
should get the early popcorn festival since bounce 2480-2500 or when market break 2810
PA Return Today: na
  • #541,629
  • Aug 8, 2020 7:52am Aug 8, 2020 7:52am
theres not enough space to be double top, thats one top
time is in the rules
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #541,630
  • Aug 8, 2020 7:54am Aug 8, 2020 7:54am
Quoting Bones
theres not enough space to be double top, thats one top time is in the rules
can you share you view about GU next week?
  • #541,631
  • Edited 9:20am Aug 8, 2020 8:03am | Edited 9:20am
The weekly shows a bearish candle but it dose not have the power alone to take us far down ,I don't think it can go 12800 which is a clear buy
In bears favour theres also the wick to the bullish candle.
I don't think it can go below that this month ,theres a lot of upward momentum from one month ,like before, with over 800 in a month.
Maybe further consolidation ,but also I wouldn't bet on break up during this week without good reason .
Weekly can fail to upside like before in this move =consolidation.But probably not after a break to down side.
Attached Image (click to enlarge)
Click to Enlarge Name: 0003 GBPUSD-Weekly.png Size: 56 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #541,632
  • Aug 8, 2020 8:06am Aug 8, 2020 8:06am
this is what a double top looks like in real life there's time between
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #541,633
  • Edited 9:21am Aug 8, 2020 8:19am | Edited 9:21am
its a long way to go down directly against a 800 candle ,say it closed like that then I would think maybe bearish or like before ,depending on open next.
If it went there this month Id think bearish it's not going higher.
I don't believe that red falling broken line simply because it's not a 3 point.Market never respected it.Chart condition is range.
Q mark on current line as it's respected to the t so far.
Attached Image (click to enlarge)
Click to Enlarge Name: 0004 GBPUSD-Monthly.png Size: 45 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #541,634
  • Edited 1:31pm Aug 8, 2020 8:29am | Edited 1:31pm
daily =I don't know.Could be range between 12900 and high,
Id say its sill in an uptrend right now ,could be like that or not ,candle not clear ,
bears favour it hit that line and reacted like that ,only price never gave heads up on close from pa
You can see that would be the first of a double top if that was the plan, it's all in one move
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0006 GBPUSD-1-hour.png Size: 27 KB
Click to Enlarge Name: 0005 GBPUSD-Daily.png Size: 53 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #541,635
  • Aug 8, 2020 8:32am Aug 8, 2020 8:32am
should be plane sailing from here
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd080820-1h.png Size: 374 KB
twitter: @gettoefl
  • #541,636
  • Aug 8, 2020 8:47am Aug 8, 2020 8:47am
Hello all
Hope getting a good rest
My D view if the trend line is not respected, price can go to 1.29600 and bounce for a Double top(or to go more up), if trend gets respected waiting some good up move
Attached Image (click to enlarge)
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  • #541,637
  • Aug 8, 2020 8:54am Aug 8, 2020 8:54am
Quoting akim0895
{quote} not me..
You call me ? I am here...

hahahah..
is just joke because i am notme
  • #541,638
  • Aug 8, 2020 8:55am Aug 8, 2020 8:55am
Quoting Bones
daily =I don't know.Could be range between 12900 and high, Id say its sill in an uptrend right now ,could be like that or not ,candle not clear , bears favour it hit that line and reacted like that ,only price never gave heads up on close from pa You can see that would be the first of a double top if that was the plan, it's all in one move {image}

love to see 2500 - 2700 range for possible long position someday ...

as usual ... #imho
not euphoria follower
  • #541,639
  • Aug 8, 2020 9:02am Aug 8, 2020 9:02am
Quoting HaLBot
{quote} Worse thing you can do is lie to yourself, lie to anybody else but not to yourself! In 55 days you have increased your account by 26.6% which is a good outcome But it's not a 'Great' outcome, what stands out is your jaggered equity curve, going for a job at a Prop firm they'd probably knock you back as they like to see a nice smooth equity curve, speaks volumes about a traders ability not to blow the companies money. Work on smoothing out that equity curve then one day you'll be able to call yourself a great trader. Thing...

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Don't compare your trades to others. Most often the masses are the asses
  • #541,640
  • Aug 8, 2020 9:12am Aug 8, 2020 9:12am
Quoting navk
{quote} as i said above, i got influenced by your post. My system said to short. And i shorted, then reversed after seeing your post. Which i should not have.

I am curious why you were influenced though. He said he WANTED more. Not that it was happening. My son often WANTS more ice cream. But he doesn't get that either. I actually thought he wanted more bearishness.
Don't compare your trades to others. Most often the masses are the asses
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