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Cable Update (GBPUSD)

  • #545,001
  • Edited 1:28am Aug 28, 2020 1:18am | Edited 1:28am
Morning

F... GU

Hope can’t Ruine divergence h1 & h4
  • #545,002
  • Aug 28, 2020 1:23am Aug 28, 2020 1:23am
Quoting JayBag
{quote} Why do people like selling? Can we stop selling what we think and buy what is happening?
I made 2900 pips in august...mostly from selling EU and GU, thats why.
Everyone can see the chart, but only a few can actually read it.
  • #545,003
  • Aug 28, 2020 1:31am Aug 28, 2020 1:31am
Quoting OnlineAddict
{quote} I made 2900 pips in august...mostly from selling EU and GU, thats why.
Awesome. I’m glad you made that much..
i am talking about more sustainable trades..

are both pairs bearish?
  • #545,004
  • Aug 28, 2020 1:35am Aug 28, 2020 1:35am
Quoting seincard
Morning F... GU Hope can’t Ruine divergence h1 & h4
when daily is on uptrend, diver-g on lower tf usually worth nothing.
i was diver-g trader. long term didnt work as i expected.
  • #545,005
  • Aug 28, 2020 1:38am Aug 28, 2020 1:38am
Quoting JayBag
{quote} Awesome. I’m glad you made that much.. i am talking about more sustainable trades.. are both pairs bearish?
Not yet, but after such a huge bull move they both had, I prefer to short scalp the spikes...because the probability of breaking down is higher than breaking up. Dangerous ranging at these levels...I wouldn't want to end up in a 400-500 pip drawdown with negative swaps on top of that.
Everyone can see the chart, but only a few can actually read it.
  • #545,006
  • Aug 28, 2020 1:48am Aug 28, 2020 1:48am
Quoting OnlineAddict
{quote} Not yet, but after such a huge bull move they both had, I prefer to short scalp the spikes...because the probability of breaking down is higher than breaking up. Dangerous ranging at these levels...I wouldn't want to end up in a 400-500 pip drawdown with negative swaps on top of that.
Very well put.
Data + Stat + Risk/Emotions Management
  • #545,007
  • Aug 28, 2020 1:53am Aug 28, 2020 1:53am
Quoting OnlineAddict
{quote} Not yet, but after such a huge bull move they both had, I prefer to short scalp the spikes...because the probability of breaking down is higher than breaking up. Dangerous ranging at these levels...I wouldn't want to end up in a 400-500 pip drawdown with negative swaps on top of that.
The fact you prefer to scalp shorts speaks volumes.. If you was certain about south, you’d be holding shorts like many others on here..

But I appreciate you saying ‘Not Yet’
let’s give it time.. I believe you and many others will be at the bull side sooner or later ..

StaySafe
  • #545,008
  • Aug 28, 2020 1:53am Aug 28, 2020 1:53am
Quoting JayBag
{quote} Awesome. I’m glad you made that much.. i am talking about more sustainable trades.. are both pairs bearish?
i don't know how to trades..
still learning what is A..B n C..
but i catch about 8000-9000pips only from long at Gu n Gj..maybe just lucky guess i thinks..
but all my trades from start an entry till closed it have post at my thread..
...️
just for a cup of coffee...
  • #545,009
  • Aug 28, 2020 1:59am Aug 28, 2020 1:59am
Quoting JayBag
{quote} The fact you prefer to scalp shorts speaks volumes.. If you was certain about south, you’d be holding shorts like many others on here..
Even if I was supper bullish, I wouldn't be HOLDING longs, just like I am not holding shorts while being bearish! Thats the stupidest thing a trader can do, to hold a trade for I don't know how long(and most winners turn into loss, anyway, its just a matter of time). Open trade = zero profit. Its a waste of time and money to leave open trades, when one can make 10 times the amount on the same move by re-entering.
Everyone can see the chart, but only a few can actually read it.
  • #545,010
  • Aug 28, 2020 2:02am Aug 28, 2020 2:02am
Quoting OnlineAddict
{quote} Not yet, but after such a huge bull move they both had, I prefer to short scalp the spikes...because the probability of breaking down is higher than breaking up. Dangerous ranging at these levels...I wouldn't want to end up in a 400-500 pip drawdown with negative swaps on top of that.
you're absolutely right, also we are near 250 EMA on Weekly.
Lets see how price will react in this Range/Tops/Lvls mixed with some fundamentals.
Long Term im adding buys
  • #545,011
  • Aug 28, 2020 2:02am Aug 28, 2020 2:02am
Quoting akim0895
{quote} i don't know how to trades.. still learning what is A..B n C.. but i catch about 8000-9000pips only from long at Gu n Gj..maybe just lucky guess i thinks.. but all my trades from start an entry till closed it have post at my thread.. ...️
And there’s more to eat mate.. Just starting up.. If it’s a guess, then you the best guesser I ever seen ..

Just keep it burning
Bulls don’t have to do much

StaySafe
  • #545,012
  • Aug 28, 2020 2:03am Aug 28, 2020 2:03am
Quoting OnlineAddict
{quote} Even if I was supper bullish, I wouldn't be HOLDING longs, just like I am not holding shorts while being bearish! Thats the stupidest thing a trader can do, to hold a trade for I don't know how long(and most winners turn into loss, anyway, its just a matter of time). Open trade = zero profit. Its a waste of time and money to leave open trades, when one can make 10 times the amount on the same move by re-entering.
wait..
...
ok..
mate..
same hair colour does not mean same thinking..
same hair colour does not mean same style or habits..
cheers..
just for a cup of coffee...
  • #545,013
  • Aug 28, 2020 2:06am Aug 28, 2020 2:06am
Quoting OnlineAddict
{quote} Even if I was supper bullish, I wouldn't be HOLDING longs, just like I am not holding shorts while being bearish! Thats the stupidest thing a trader can do, to hold a trade for I don't know how long(and most winners turn into loss, anyway, its just a matter of time). Open trade = zero profit. Its a waste of time and money to leave open trades, when one can make 10 times the amount on the same move by re-entering.
It sounds stupid holding longs to you because your knowledge is limited and that’s fine.. You see, where yours stop, someone else starts there .. Same apply to me.. My knowledge is also limited..

Only a matter of time, you and many others will join bulls.. Don’t stress much about that.. I just hope you don’t feel shy posting about bulls when you join

SS
  • #545,014
  • Aug 28, 2020 2:06am Aug 28, 2020 2:06am
Quoting SCopier
{image}
I must admit some your analysis has been great.
Keep up
Le$$ I$ More
  • #545,015
  • Aug 28, 2020 2:07am Aug 28, 2020 2:07am
Quoting akim0895
{quote} wait.. ... ok.. mate.. same hair colour does not mean same thinking.. same hair colour does not mean same style or habits.. cheers..
Dammn mate, you took these off my mouth
  • #545,016
  • Aug 28, 2020 2:11am Aug 28, 2020 2:11am
Targeting 1.3310 and possibly 1.3340 will hold the pair.

As far the short from 1.3260s the better...as price will retest it later..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #545,017
  • Aug 28, 2020 2:11am Aug 28, 2020 2:11am
Quoting JayBag
{quote} I believe you and many others will be at the bull side sooner or later ..

When we do a sell order, the LPs are actually opening a buy order at their side. The more sells there are, the higher the price goes, naturally. As when something is bought, it does not become cheaper. It becomes rather more expensive...

When the majority starts buying, the price will start falling down and the current situation on this forum and elsewhere, will became mirrored... And the same talks will repeat. Over and over and over again...
Maadik Hugiis. IQ 69.
  • #545,018
  • Aug 28, 2020 2:11am Aug 28, 2020 2:11am
Quoting JayBag
{quote} It sounds stupid holding longs to you because your knowledge is limited and that’s fine..
No, I speak from experience and have a very good memory. This thread was full of people who were holding shorts on EU at 800 or GU at 2000...where are those people now? I have been in the game for 10+ years...I have seen all these characters here and it always repeats itself. Now if we drop, the same people who were holding shorts 1000 pips ago...will be holding longs. I don't care if it goes up or down, but holding trades long term on the current market is stupid, simple as that. If I can make 1000 pips on a 100 pip move, why would I hold it for 100 pips and even risking it turns 100 pips against me? Thats my last post on the subject, my time is limited.
Everyone can see the chart, but only a few can actually read it.
  • #545,019
  • Aug 28, 2020 2:14am Aug 28, 2020 2:14am
Quoting JayBag
{quote} It sounds stupid holding longs to you because your knowledge is limited and that’s fine.. You see, where yours stop, someone else starts there .. Same apply to me.. My knowledge is also limited.. Only a matter of time, you and many others will join bulls.. Don’t stress much about that.. I just hope you don’t feel shy posting about bulls when you join SS
ha ha..
let me be the stupid trader mate..
because green pips keep coming..
just for a cup of coffee...
  • #545,020
  • Aug 28, 2020 2:15am Aug 28, 2020 2:15am
Sell GBPUSD at the current price 1.32802

There was a big sell differential in the just concluded hour.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rH1_sell_entry_2808.png Size: 24 KB
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