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Cable Update (GBPUSD)

  • #543,701
  • Aug 20, 2020 9:41am Aug 20, 2020 9:41am
Quoting OxyGen_FX
{quote} Ah..., understood. I also like to spread out risk with a basket of pairs instead of just one.
Usdix was giving me confirmation so...yes
I only go for 2 max 3 pairs ( i dont trade more than 3 dif pairs)
Gbp/usd
Aud/usd
Cad/jpy
  • #543,702
  • Aug 20, 2020 9:44am Aug 20, 2020 9:44am
If usdx m15 closed below red line, will be start uptrend GU
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  • #543,703
  • Aug 20, 2020 9:45am Aug 20, 2020 9:45am
However you trade the GBPUSD market atm, just don't linger; we are in a largely see-saw market environment.

Stay safe, trade safe.

KP
Do your homework, follow the footprints of smart money
  • #543,704
  • Aug 20, 2020 9:47am Aug 20, 2020 9:47am
Quoting HBN08
{quote} Usdix was giving me confirmation so...yes I only go for 2 max 3 pairs ( i dont trade more than 3 dif pairs) Gbp/usd Aud/usd Cad/jpy
Thanks for the in sight. I see you had a Cad-Yen cross, so as not to over-expose to USD, and to follow crude?
  • #543,705
  • Aug 20, 2020 9:49am Aug 20, 2020 9:49am
Quoting Moty
ugly pa. bulls fighting back . it was supposed to be a break down {image}
Anything can happen, accept it.
  • #543,706
  • Aug 20, 2020 9:54am Aug 20, 2020 9:54am
finally clear buying opportunities
in wondering about yourself, you forgot what you came here to be part of
  • #543,707
  • Aug 20, 2020 9:56am Aug 20, 2020 9:56am
Just when the Sellers were smiling The market just gave them their worst nightmare
Le$$ I$ More
  • #543,708
  • Aug 20, 2020 9:57am Aug 20, 2020 9:57am
GBPJPY, a possible reason for GBPUSD refusal to sink after the FOMC dip.
GBPJPY Daily Chart, re-testing 140 to break above, after bouncing off rising trendline
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Zoom in to see 1hr chart of GBPJPY . The wave pattern for last few hours is similar to GU. Or should I suggest, GU followed GJ this particular instance?
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  • #543,709
  • Aug 20, 2020 9:58am Aug 20, 2020 9:58am
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yes yes yes
  • #543,710
  • Aug 20, 2020 9:59am Aug 20, 2020 9:59am
Quoting OxyGen_FX
{quote} Thanks for the in sight. I see you had a Cad-Yen cross, so as not to over-expose to USD, and to follow crude?
Yes Sir
I think Cad/jpy is really good pair , respects Important zones and respects channels very well to
  • #543,711
  • Aug 20, 2020 9:59am Aug 20, 2020 9:59am
Quoting KeenPips
However you trade the GBPUSD market atm, just don't linger; we are in a largely see-saw market environment. Stay safe, trade safe. KP
Agree.
Sometimes, we win, or rather, we "don't lose", by not trading when things are too chaotic for a particular pair.
  • #543,712
  • Aug 20, 2020 10:04am Aug 20, 2020 10:04am
Yes, mate. Our trading style is important; being able to adjust with changing market conditions is important. In these ranging markets, lingering directionally (long or shot) in any market is not advisable.

KP

Quoting OxyGen_FX
{quote} Agree. Sometimes, we win, or rather, we "don't lose", by not trading when things are too chaotic for a particular pair.
Do your homework, follow the footprints of smart money
  • #543,713
  • Aug 20, 2020 10:04am Aug 20, 2020 10:04am
Quoting HBN08
{quote} Yes Sir I think Cad/jpy is really good pair , respects Important zones and respects channels very well to
Thank you for the lesson! I will take a closer look! I often overlooked CADJPY.
There is also another pair which seems to love parallel channels in recent years. EURJPY
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  • #543,714
  • Aug 20, 2020 10:04am Aug 20, 2020 10:04am
I could not match yesterday performance, but ok.

I am happy with it.
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Intraday only.
  • #543,715
  • Aug 20, 2020 10:08am Aug 20, 2020 10:08am
Really should be mate. The overall consistency is the real deal.

Stay green.

KP

Quoting navk
I could not match yesterday performance, but ok. I am happy with it. {image}
Do your homework, follow the footprints of smart money
  • #543,716
  • Aug 20, 2020 10:10am Aug 20, 2020 10:10am
Quoting OxyGen_FX
{quote} Thank you for the lesson! I will take a closer look! I often overlooked CADJPY. There is also another pair which seems to love parallel channels in recent years. EURJPY {image}
No lesson my friend i think you have more expirence than me and overall better trader im " new in this amaizing world" 4 to 5 months trading ( between real and demo still).

ahaha i ussually overlook eur/jpy
(i dont know why but i fell unconfurtable to trade my own currency (Eur))

CAD/JPY sideways but good PA
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  • #543,717
  • Aug 20, 2020 10:14am Aug 20, 2020 10:14am
Quoting KeenPips
Really should be mate. The overall consistency is the real deal. Stay green. KP {quote}
Thank you.

Yeah, I am consistent... since last Monday no loss day at all.

The last loss day was Jobs day.

I was demoralized that day.

Thereafter, the next monday gave me required confidence, and since then not looking back.
Intraday only.
  • #543,718
  • Aug 20, 2020 10:17am Aug 20, 2020 10:17am
i see potential short entry for GU if we reach 1.3170 for 150 to 250 pips drop
  • #543,719
  • Aug 20, 2020 10:19am Aug 20, 2020 10:19am
Quoting Hitrader
My view on GU is bullish. It has just started, can hold till 1.34-1.35. SL: 70-100 pips. Good R:R at the moment. I may be wrong.
Bulls seems to have taken good control. I see this as a continuation of the bull trend and will make new highs.
If at all 1.3065 breaks strongly, the trend may switch to bear and dont think that will happen. Time will tell.
  • #543,720
  • Aug 20, 2020 10:23am Aug 20, 2020 10:23am
Quoting vowan4ik
{quote} {quote} {quote} {quote} {quote} {quote} for now moment gu brought me +99 pips and left one trade, to run for fun good job gu) i'm done {image}
added in buy from 1.3146, sl 16 pips
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Like your wife says, hold the fucking position until I tell you I'm done.
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