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Cable Update (GBPUSD)

  • #545,781
  • Sep 2, 2020 3:56am Sep 2, 2020 3:56am
Quoting HaLBot
{quote} So what are the rules?? If Jaybag loses does he have to leave for a month?
Just think if it ranges in between for months!!!
Don't trade what you think. Just what you see!!!
  • #545,782
  • Sep 2, 2020 3:59am Sep 2, 2020 3:59am
Quoting Georginson
{quote} From 1.3169 to 1.2980. = 189 pips From 1.3185 to 1.3004 = 181 pips From 1.3267 to 1.3053 = 214 pips From 1.3481 to 1.3267/1.3295 = 214/186 pips. Key observation: Each high keeps being broken by 200, then retracement comes between 217/184 pips. * I will pay very close attention to price action at 1.3267/1.3295, if convincingly broken to 1.3240 area that's the breakthrough to 1.28 level, if not broken then we are heading back to the high of 1.3481 which will cleanly break to 1.3690 and Jaybag will push me out of the thread for one month. In...
A return to 1.2860 is still possible. As you say, the weekly pivot at 1.3253 is very important. If it breaks, the bottom should be somewhere between 1.2860 and 1.3175. We should know more in a day or two. NFP will be very important...
Observation is the path to discovery.
  • #545,783
  • Sep 2, 2020 3:59am Sep 2, 2020 3:59am
Quoting HaLBot
{quote} If that happens you'll have to start your own thread something like: I was wrong, Jaybag is King
Yes, something like that...
Data + Stat + Risk/Emotions Management
  • #545,784
  • Sep 2, 2020 4:01am Sep 2, 2020 4:01am
Quoting Theoak
{quote} Just think if it ranges in between for months!!!
Maybe they need to get in to the Octagon or Boxing ring and sort this out once and for all
I'll arrange the venue
Don't Leave Money on the Table
  • #545,785
  • Sep 2, 2020 4:02am Sep 2, 2020 4:02am
Time to buy
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #545,786
  • Sep 2, 2020 4:04am Sep 2, 2020 4:04am
Quoting HaLBot
{quote} Maybe they need to get in to the Octagon or Boxing ring and sort this out once and for all I'll arrange the venue
Its crazy this thread.... THAT'S WHY I LOVE IT!!!
Don't trade what you think. Just what you see!!!
  • #545,787
  • Sep 2, 2020 4:11am Sep 2, 2020 4:11am
pull back time .
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yes yes yes
  • #545,788
  • Sep 2, 2020 4:22am Sep 2, 2020 4:22am
GJ bounced pretty hard, lets see if GU follows suit and or takes the lead.
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  • #545,789
  • Sep 2, 2020 4:32am Sep 2, 2020 4:32am
Trading could be a muted affair while traders are waiting for this news event???
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Don't Leave Money on the Table
  • #545,790
  • Sep 2, 2020 4:37am Sep 2, 2020 4:37am
Quoting HaLBot
Trading could be a muted affair while traders are waiting for this news event??? {image}
not we wait mate..
market wait..
just for a cup of coffee...
  • #545,791
  • Sep 2, 2020 4:40am Sep 2, 2020 4:40am
Looks to me like the bottom is in.
Compulsions can be hard to resist
  • #545,792
  • Sep 2, 2020 4:46am Sep 2, 2020 4:46am
Quoting HaLBot
Trading could be a muted affair while traders are waiting for this news event??? {image}
That's 3 hour away!!!
Don't trade what you think. Just what you see!!!
  • #545,793
  • Sep 2, 2020 4:49am Sep 2, 2020 4:49am
Quoting Theoak
{quote} That's 3 hour away!!!
Yes it happens as you know sometimes the markets will wait all week for a big news event.
I'm speculating on why market is so quiet, could be wrong about the news event?
Cable has surprising strength against the Euro today, didn't expect that
Don't Leave Money on the Table
  • #545,794
  • Sep 2, 2020 5:05am Sep 2, 2020 5:05am
1.36 by Friday . still don't see bear hitting in until next week or touch 1.36..

1.348 - 1.352 zone has been tested 3to 4 times base on weekly in the past. it is weak now. it will break .
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  • #545,795
  • Edited 5:20am Sep 2, 2020 5:07am | Edited 5:20am
Sold at 13370 broken neckline test. Target: 1.3253
Observation is the path to discovery.
  • #545,796
  • Sep 2, 2020 5:15am Sep 2, 2020 5:15am
Quoting Alorente
Sold at 13370 broken neckline test. Target: 1.3247
Good luck bud
Don't trade what you think. Just what you see!!!
  • #545,797
  • Sep 2, 2020 5:16am Sep 2, 2020 5:16am
for 30 pips
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yes yes yes
  • #545,798
  • Sep 2, 2020 5:25am Sep 2, 2020 5:25am
Quoting Alorente
Sold at 13370 broken neckline test. Target: 1.3253
There should be several tests, so it is a good idea to trade the movements back and forth to the neckline to add more pips, but I recommend only the short side.

I use the 5 minute chart to do this.
Observation is the path to discovery.
  • #545,799
  • Sep 2, 2020 5:29am Sep 2, 2020 5:29am
Quoting Wavegarrick
{quote} Hi Guys, It is what it is. A retest of the round number 1.34000 (Green Highlight) was always going to be on the cards. I have opened 3 more buy trades with between 25 and 40 pip stops. A 4hr close below 1.34 will invalidate my view and I will look at closing trades with an ominous test of my weekly pivot at 1.32547. Trade safe, Cheers. {image}
Hi Guys,
It sucks, I know. I was forced to take 500 pips in profit off the table. Price fell below 1.3400 and just was not able to recover. Unless we have a strong push and hold above 1.34000 I have to go with the flow and enter sell trades. My system is also telling me that we could be in for a cyclic correction. I am looking towards my weekly pivot at 1.32554.
Sell trade opened with a 25 pip stop.
Trade safe,
Cheers
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Trade to trade another day
  • #545,800
  • Sep 2, 2020 5:36am Sep 2, 2020 5:36am
Good morning all and good trades
My view is that if gbp wants to fall im expecting 1.33000 / 1.32800
Ill wait for Ny..i still have the idea of long tho lets see
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