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Cable Update (GBPUSD)

  • #543,461
  • Aug 20, 2020 12:22am Aug 20, 2020 12:22am
Quoting MondumaFx
{quote} You are the guy who ask to sell when secretly you were buying
Never Bro!!! Forex is all about tricks. You must learn about the tricks of the Forex market in-order to be very successful in this business I knew BUYING was a BIG TRAP. GBP/USD is going to fall heavily today and tomorrow

It must fall to 1.28xxx before aggressively moving up to 1.36 - 1.38xxx
  • #543,462
  • Aug 20, 2020 12:24am Aug 20, 2020 12:24am
Quoting buddha-
gold 1st buy position open, careful ( 1hrs chart )
possible Gold down more ...
but yes, trend is upside

  • #543,463
  • Aug 20, 2020 12:25am Aug 20, 2020 12:25am
I did warn lots of greedy traders against the buy and advise them to wait but i guess they would learn their lesson today.
  • #543,464
  • Aug 20, 2020 12:25am Aug 20, 2020 12:25am
Unloyal to any of the sides, now my all hopes are with the expanding triangle on the right... It would be awesome, if Aug'20 bottom gets widened, just a little below 1.2970 (today!)?

Maybe then the rate will return to the range's center of around 1.31 or something? Who cares? I don't. Reacting, not predicting is my EAs job...
Attached Image (click to enlarge)
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Maadik Hugiis. IQ 69.
  • #543,465
  • Aug 20, 2020 12:26am Aug 20, 2020 12:26am
Quoting princiano
{quote} Never Bro!!! Forex is all about tricks. You must learn about the tricks of the Forex market in-order to be very successful in this business I knew BUYING was a BIG TRAP. GBP/USD is going to fall heavily today and tomorrow It must fall to 1.28xxx before aggressively moving up to 1.36 - 1.38xxx
Hey Princiano can you throw up a chart showing this analysis?
Don't Leave Money on the Table
  • #543,466
  • Aug 20, 2020 12:28am Aug 20, 2020 12:28am
Quoting MoneyZilla
Unloyal to any of the sides, now my all hopes are with the expanding triangle on the right... It would be awesome, if Aug'20 bottom gets widened, just a little below 1.2970 (today!)? Maybe then the rate will return to the range's center of around 1.31 or something? Who cares? I don't. Reacting, not predicting is my EAs job... {image}
Hey Money, you got me thinking, is there such a thing as a profitable 'Predictive' EA?
Don't Leave Money on the Table
  • #543,467
  • Aug 20, 2020 12:33am Aug 20, 2020 12:33am
Quoting HaLBot
{quote} Hey Money, you got me thinking, is there such a thing as a profitable 'Predictive' EA?

I have never seen such, but maybe there are some? Don't know. However, there are very profitable 'Reacting' EAs.
Maadik Hugiis. IQ 69.
  • #543,468
  • Aug 20, 2020 12:46am Aug 20, 2020 12:46am
Quoting princiano
{quote} Never Bro!!! Forex is all about tricks. You must learn about the tricks of the Forex market in-order to be very successful in this business I knew BUYING was a BIG TRAP. GBP/USD is going to fall heavily today and tomorrow It must fall to 1.28xxx before aggressively moving up to 1.36 - 1.38xxx
there is always bull and bear trap. Love both of them hahahaa
not euphoria follower
  • #543,469
  • Aug 20, 2020 1:31am Aug 20, 2020 1:31am
Quoting HaLBot
{quote} An example of this could be just before European markets open up there's rumors of a binding and mutually beneficial brexit deal with all the UK and EU members struting around with beaming expressions. BANG..... Euro and Pound rally hard up 150 pips 2 hours later it's announced that there are still lingering issues that need addressing with no clear timeframe to sort these out. BOOM..... Euro and Pound plummet because actual fundamentals were showing a dollar positive day with stocks sold off
Thanks for the example!
  • #543,470
  • Aug 20, 2020 1:39am Aug 20, 2020 1:39am
range before us? maybe a good chance to sell later, right now i just wait, boring...
  • #543,471
  • Aug 20, 2020 1:42am Aug 20, 2020 1:42am
Quoting iqyu5an
{quote} there is always bull and bear trap. Love both of them hahahaa
Love you better
  • #543,472
  • Aug 20, 2020 1:47am Aug 20, 2020 1:47am
Quoting DailyChart
{quote} Love you better
good to see you again DC
we were worried
in wondering about yourself, you forgot what you came here to be part of
  • #543,473
  • Aug 20, 2020 1:54am Aug 20, 2020 1:54am
Quoting knkie
{quote} good to see you again DC we were worried
Thanks buddy
hope you are doing good
  • #543,474
  • Aug 20, 2020 1:56am Aug 20, 2020 1:56am
Now 200 pips range is completed ... Previous low of 1.3073 now broken which exposes 1.3030 area, wouldn't chase that level will stick to buy around here. A weekly close below 1.3070 exposes 1.2850 area.
Data + Stat + Risk/Emotions Management
  • #543,475
  • Aug 20, 2020 2:06am Aug 20, 2020 2:06am
Quoting DailyChart
{quote} Thanks buddy hope you are doing good
doing fine thnx
in wondering about yourself, you forgot what you came here to be part of
  • #543,476
  • Aug 20, 2020 2:13am Aug 20, 2020 2:13am
Quoting DailyChart
{quote} Love you better
Apa kabar pak cik ? Dimana kah ?
not euphoria follower
  • #543,477
  • Aug 20, 2020 2:14am Aug 20, 2020 2:14am
Quoting Georginson
Now 200 pips range is completed ... Previous low of 1.3073 now broken which exposes 1.3030 area, wouldn't chase that level will stick to buy around here. A weekly close below 1.3070 exposes 1.2850 area.
you were talking about short so long, now you switch your costume to a bull?
careful your old wish could come true for few days.
  • #543,478
  • Aug 20, 2020 2:17am Aug 20, 2020 2:17am
Quoting gatenio
{quote} you were talking about short so long, now you switch your costume to a bull? careful your old wish could come true for few days.
Short at bottom
long on top

nice play
Make money by doing the opposite of Giveachance aka loser
  • #543,479
  • Aug 20, 2020 2:20am Aug 20, 2020 2:20am
Quoting gatenio
{quote} you were talking about short so long, now you switch your costume to a bull? careful your old wish could come true for few days.
On the contrary, the trend is now bullish to get 1.35/1.36 area. Not ruling out 1.2850 area which will be a better buying zone.
Data + Stat + Risk/Emotions Management
  • #543,480
  • Aug 20, 2020 2:24am Aug 20, 2020 2:24am
Daily setup is a clear BEAR, look for short setups between 3100-3200, not long setups. 2800 is on the way...
Everyone can see the chart, but only a few can actually read it.
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