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Cable Update (GBPUSD)

  • #545,521
  • Sep 1, 2020 2:57am Sep 1, 2020 2:57am
good morning, amazing, people want to sell in bull market? why not to buy support? first support? 1.34 round number, pound movd at night, third time in 2 weeks, annoying, but means a lot
  • #545,522
  • Sep 1, 2020 3:01am Sep 1, 2020 3:01am
Quoting goldencalf
good morning, amazing, people want to sell in bull market? why not to buy support? first support? 1.34 round number, pound movd at night, third time in 2 weeks, annoying, but means a lot

I think going long for many in light of bearish div/ overbought conditions going up the t/f's after this 1200 + run up from 2252 is hard - but easiest long to take in this particular situation is after a pullback - particularly if operating on the lower t/f's. I can't remember which trading sage said it but something like '...an instrument can stay overbought/sold far longer than you have margin in your account to oppose it...'
Trader with an Edge.
  • #545,523
  • Sep 1, 2020 3:04am Sep 1, 2020 3:04am
So we continue to rush towards 1.35 (and 1.2 for EU) and just as Brexit talks are collapsing; there may well be a big announcement today, if not, next week. We'll see if this is a coincidence.
  • #545,524
  • Sep 1, 2020 3:05am Sep 1, 2020 3:05am
Quoting VM.
So we continue to rush towards 1.35 (and 1.2 for EU) and just as Brexit talks are collapsing; there may well be a big announcement today, if not, next week. We'll see if this is a coincidence.
dont be surprise if it will break, much retailers waiting there.. maybe more bulls will strike
  • #545,525
  • Sep 1, 2020 3:07am Sep 1, 2020 3:07am
Quoting epzero
{quote} Lol everyone is scared of cable right now
.
Le$$ I$ More
  • #545,526
  • Sep 1, 2020 3:07am Sep 1, 2020 3:07am
so far so good. Next chance for buyers maybe 3419 ish, the top of the Tokyo high today
Emotional Control. Process, not outcome.
  • #545,527
  • Sep 1, 2020 3:09am Sep 1, 2020 3:09am
Quoting Headland
{quote} I think going long for many in light of bearish div/ overbought conditions going up the t/f's after this 1200 + run up from 2252 is hard - but easiest long to take in this particular situation is after a pullback - particularly if operating on the lower t/f's. I can't remember which trading sage said it but something like '...an instrument can stay overbought/sold far longer than you have margin in your account to oppose it...'
The market can stay irrational longer than you can stay solvent John Maynard Keynes .

but pullback was to first support, resistant, same like yesterday, 1.33, round numbers, simple, also price action... the thing is that price moves step by step, first resistant, second, but people just see chart and wish to buy from somewhere very low, to far, same with profit.. 20 pips could be enough
  • #545,528
  • Sep 1, 2020 3:13am Sep 1, 2020 3:13am
Quoting Headland
Hey Moty...your principal tormentor has gone very quiet ! Wonder if it has anything to do with the attached !? So much for us crazy retailers wasting our time staring at screens/charts all day when he had the 'simplest' system on the planet as he liked to call it and it gave him all the free time in the world (to troll) - a system he abandoned on 12th August according to his profile ! Hope it comes good for him - but a floating loss of -53.4% of equity is no way to trade any edge. {image}
Scheisse.....needs to hedge that loss and start recovering by putting on other trades, that is if he can hedge? Some countries/Companies won't allow you to do it.
Don't Leave Money on the Table
  • #545,529
  • Sep 1, 2020 3:14am Sep 1, 2020 3:14am
Quoting gatenio
{quote} dont be surprise if it will break, much retailers waiting there.. maybe more bulls will strike
I guess there are retailers there, but many banks will have 1.35 as their take-profit. We had similar situation just after elections, everyone knew 1.35 is the target, and still we did not advance much higher. Not saying the history will definitely repeat itself, but it just may.
  • #545,530
  • Sep 1, 2020 3:17am Sep 1, 2020 3:17am
Quoting Moty
the drop is coming. dx will be supported on 92.855 {image} {image} {image}

The last 5 days, there was not a single daily short breakout. Even a fake one? On the top of that, there are no two short days in line, yet? Maybe soon there will be?

Ah, I got it, the good traders are those chasing the 15-35 pips targets?
Is this the real reason you are selling her?

I don't care, actually...
Maadik Hugiis. IQ 69.
  • #545,531
  • Sep 1, 2020 3:20am Sep 1, 2020 3:20am
And by the way, wouldn't it be funny if announcement of trade talks collapse comes when we are at 1.349?
  • #545,532
  • Sep 1, 2020 3:24am Sep 1, 2020 3:24am
Quoting MoneyZilla
{quote} The last 5 days, there was not a single daily short breakout. Even a fake one? On the top of that, there are no two short days in line, yet? Maybe soon there will be? Ah, I got it, the good traders are those chasing the 15-35 pips targets? Is this the real reason you are selling her? I don't care, actually...
There's some low impact data out at the bottom of the hour for Cable, if it's positive I see it giving traders the excuse they need to push higher...
Don't Leave Money on the Table
  • #545,533
  • Sep 1, 2020 3:24am Sep 1, 2020 3:24am
Quoting MoneyZilla
{quote} The last 5 days, there was not a single daily short breakout. Even a fake one? On the top of that, there are no two short days in line, yet? Maybe soon there will be? Ah, I got it, the good traders are those chasing the 15-35 pips targets? Is this the real reason you are selling her? I don't care, actually...
nothing wrong in chasing those small pips as long as one sets stop loss.
Intraday only.
  • #545,534
  • Sep 1, 2020 3:28am Sep 1, 2020 3:28am
Probably another 100 pips higher, maybe even 200 pips? Don't know. It usually happens like that...
Attached Image (click to enlarge)
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Maadik Hugiis. IQ 69.
  • #545,535
  • Sep 1, 2020 3:34am Sep 1, 2020 3:34am
...done for this session....maybe back later to update charts/do another short session. G/L all.
Trader with an Edge.
  • #545,536
  • Sep 1, 2020 3:35am Sep 1, 2020 3:35am
Good day all)
test sell GU from 1.3429, sl at be
Attached Image (click to enlarge)
Click to Enlarge Name: gu sell 01.jpg Size: 139 KB
Like your wife says, hold the fucking position until I tell you I'm done.
  • #545,537
  • Sep 1, 2020 3:35am Sep 1, 2020 3:35am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 36 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx1.png Size: 36 KB
yes yes yes
  • #545,538
  • Sep 1, 2020 3:43am Sep 1, 2020 3:43am
Quoting Mr.Tea
My view from Top Down. there is nothing to predict, lets see how market will react. {image}
Added yesterday some longs on GU and GJ.
Price played a nice game in Zone, entry around 0.5.
No counter Trade, im only trading trend direction.
The current world situation does not allow anything else.
  • #545,539
  • Sep 1, 2020 3:49am Sep 1, 2020 3:49am
Quoting vowan4ik
Good day all) test sell GU from 1.3429, sl at be {image}
Nice trade, but isn't that very aggressive entry?
  • #545,540
  • Edited 5:19am Sep 1, 2020 3:54am | Edited 5:19am
Quoting Lazar1
{quote} Nice trade, but isn't that very aggressive entry?
maybe) i just holding plan, and closed my 4 buys from yesterday evening
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB
Like your wife says, hold the fucking position until I tell you I'm done.
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