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Cable Update (GBPUSD)

  • #541,701
  • Aug 9, 2020 4:52pm Aug 9, 2020 4:52pm
Quoting Fredo219
{quote} I see you are banking on what happened on the 20th of July. This scenario maybe different..........

Sorry. I have no idea what you are talking about. I am trading what I see today.
Don't compare your trades to others. Most often the masses are the asses
  • #541,702
  • Aug 9, 2020 4:54pm Aug 9, 2020 4:54pm
Quoting Fredo219
{quote} I see you are banking on what happened on the 20th of July. This scenario maybe different..........
After looking at the chart... I STILL have no idea what you are talking about.
Don't compare your trades to others. Most often the masses are the asses
  • #541,703
  • Aug 9, 2020 5:03pm Aug 9, 2020 5:03pm
Quoting OBsayMkMoney
{quote} After looking at the chart... I STILL have no idea what you are talking about.
NVM
Patience.....
  • #541,704
  • Aug 9, 2020 5:06pm Aug 9, 2020 5:06pm
Just sharing a scenario, i may be wrong. Safe trading everyone!!!
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  • #541,705
  • Aug 9, 2020 5:35pm Aug 9, 2020 5:35pm
Short 1.3047 target 20 pips
Don't trade what you think. Just what you see!!!
  • #541,706
  • Aug 9, 2020 5:56pm Aug 9, 2020 5:56pm
Short 1.3090 Target 440 pips
  • #541,707
  • Aug 9, 2020 6:35pm Aug 9, 2020 6:35pm
Morning, evening & afternoon everyone

Cable now tracking under the 10 ema and capped by the 100 and 200 Hourly MAs coming in @ 3100 and 3066. So a break above those two for more upside.....
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Don't Leave Money on the Table
  • #541,708
  • Aug 9, 2020 6:45pm Aug 9, 2020 6:45pm
How much weight does anyone put on the 1.3000 mark considering the history of the GBP before 2017? Do any of you feel that there is an unsaid border at the 1.3000 mark that influences this pair?
  • #541,709
  • Aug 9, 2020 6:54pm Aug 9, 2020 6:54pm
Quoting herewardwake
How much weight does anyone put on the 1.3000 mark considering the history of the GBP before 2017? Do any of you feel that there is an unsaid border at the 1.3000 mark that influences this pair?
It might have more to do with a round number having a psychological impact like 3050, 3100 or 2950, 2900.
Looking at the hourly chart I'd say more likely we'd be in bearish territory if price drops below 2980
Just my thoughts on it, could be wrong
Don't Leave Money on the Table
  • #541,710
  • Aug 9, 2020 7:04pm Aug 9, 2020 7:04pm
Buy today some and good morning
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  • #541,711
  • Aug 9, 2020 7:04pm Aug 9, 2020 7:04pm
Quoting HaLBot
{quote} It might have more to do with a round number having a psychological impact like 3050, 3100 or 2950, 2900. Looking at the hourly chart I'd say more likely we'd be in bearish territory if price drops below 2980 Just my thoughts on it, could be wrong
I feel that bear. I put money on that bear. However, that BRN (big round number) is always looming over my trading decisions.
  • #541,712
  • Aug 9, 2020 7:14pm Aug 9, 2020 7:14pm
Quoting herewardwake
{quote} I feel that bear. I put money on that bear. However, that BRN (big round number) is always looming over my trading decisions.
D.Trump just put out some tweets that seem to be dollar negative????
Don't Leave Money on the Table
  • #541,713
  • Aug 9, 2020 7:24pm Aug 9, 2020 7:24pm
I think GU will retest previous high.
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No Pain, No Gain
  • #541,714
  • Aug 9, 2020 7:25pm Aug 9, 2020 7:25pm
Quoting HaLBot
{quote} D.Trump just put out some tweets that seem to be dollar negative????
I put DJT tweets in the same category as my local weatherman... he might be right for the next 12 hours but after that....
  • #541,715
  • Aug 9, 2020 7:38pm Aug 9, 2020 7:38pm
Quoting herewardwake
{quote} I put DJT tweets in the same category as my local weatherman... he might be right for the next 12 hours but after that....
So no 10 day outlook with D Trump tweets heh
Don't Leave Money on the Table
  • #541,716
  • Aug 9, 2020 8:03pm Aug 9, 2020 8:03pm
Let short 3065 with small SL
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #541,717
  • Aug 9, 2020 8:13pm Aug 9, 2020 8:13pm
Quoting auygeo
I think GU will retest previous high. {image}
Maybe more. New week, let’s see how they go..

SS
  • #541,718
  • Aug 9, 2020 8:24pm Aug 9, 2020 8:24pm
nothing too exciting last week, maybe this one? GBP shorts seem to be starting to look like a good idea, but still just waiting for a break of the range. i still think long GJ is best, and so i hold and see. tests of 137.5 or 139.5 seem to be next. maybe we even get a double top. i would aim towards 130 and 1.20 if that is the case.
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  • #541,719
  • Aug 9, 2020 8:29pm Aug 9, 2020 8:29pm
GDP number on wednesday
not euphoria follower
  • #541,720
  • Aug 9, 2020 9:01pm Aug 9, 2020 9:01pm
Quoting WhipKream
nothing too exciting last week, maybe this one? GBP shorts seem to be starting to look like a good idea, but still just waiting for a break of the range. i still think long GJ is best, and so i hold and see. tests of 137.5 or 139.5 seem to be next. maybe we even get a double top. i would aim towards 130 and 1.20 if that is the case. {image}{image}{image}{image}

No idea how you see price with all that chart activity.
Don't compare your trades to others. Most often the masses are the asses
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