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Cable Update (GBPUSD)

  • #546,681
  • Sep 7, 2020 6:45am Sep 7, 2020 6:45am
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yes yes yes
  • #546,682
  • Sep 7, 2020 6:46am Sep 7, 2020 6:46am
Quoting Scotteyy
{quote} I agree we are at the start of a downtrend also based on institutional traders piling on the shorts in the past few weeks. But there's no need to go on about others trading in the opposite direction. Maybe they are scalpers?
he also forget this is public forum..
so anybody can post their view n opinion..
right or wrong that leave to market judge it..
just for a cup of coffee...
  • #546,683
  • Sep 7, 2020 6:50am Sep 7, 2020 6:50am
Quoting Moty
{image}{image}
Maybe the first blue zones Moty
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  • #546,684
  • Sep 7, 2020 6:53am Sep 7, 2020 6:53am
Hey guys
Woke up late asf today...
Hope u all good
Ill watch reaction 1.31750 and wait for Ny (M15).. im not sure if we down or not , still major buy strenght in my opinion but...(i see 1.32400 maybe not today but soon)
lets see rest of good trades all
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  • #546,685
  • Sep 7, 2020 6:53am Sep 7, 2020 6:53am
I thought it was a hi-probability long...I'd posted the potential supp as a heads up before it and then gotta 1 and 2min trigger repeating set-up to enter (close of 1134am uk time 1min candle entry) supported by potential set-up on 10min that hadn't yet formed re pa confirmation obviously, but then did on close of it's candle......and @ 99% of 30 day adr that added to the probability of success...in the context of a strong down move so only took +13 pips here but still a good trade.
Trader with an Edge.
  • #546,686
  • Sep 7, 2020 6:59am Sep 7, 2020 6:59am
As previously predicted, wedge is broken and a massive downtrend is in play aiming at Trend Line Support.
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  • #546,687
  • Sep 7, 2020 6:59am Sep 7, 2020 6:59am
Quoting HBN08
Hey guys Woke up late asf today... Hope u all good Ill watch reaction 1.31750 and wait for Ny (M15).. im not sure if we down or not , still major buy strenght in my opinion but...(i see 1.32400 maybe not today but soon) lets see rest of good trades all {image}
NY is closed
you won't see a lot of action
Make money by doing the opposite of Giveachance aka loser
  • #546,688
  • Sep 7, 2020 7:02am Sep 7, 2020 7:02am
Quoting nessus94
{quote} NY is closed you won't see a lot of action
Fuck i dint remember was bank holiday ...ty man..either way lets see how price goes
  • #546,689
  • Sep 7, 2020 7:11am Sep 7, 2020 7:11am
Quoting Headland
I thought it was a hi-probability long...I'd posted the potential supp as a heads up before it and then gotta 1 and 2min trigger repeating set-up to enter (close of 1134am uk time 1min candle entry) supported by potential set-up on 10min that hadn't yet formed re pa confirmation obviously, but then did on close of it's candle......and @ 99% of 30 day adr that added to the probability of success...in the context of a strong down move so only took +13 pips here but still a good trade.

...and then you get the classic 5min bearish hidden div repeating set-up to get short again...at the pot sbr of the prev 4hr sw lo zone posted earlier = prev supp=pot sbr...23.6% fib of the 3239 - current lo move down there too as confluence. Done for day. G/L all.
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Trader with an Edge.
  • #546,690
  • Sep 7, 2020 7:27am Sep 7, 2020 7:27am
Quoting Tekin
Normaly after fibo261 a long h4 candle can come true and after a small one. Waiting the drop but not on cable on gold parallel. Today usa is off so that means 8 hours later it can turn to buy trend lets see {image}
30 minutes to close current h4 close and not long enough and still sitting on daily fibo141 interesting same for gold too
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  • #546,691
  • Sep 7, 2020 7:31am Sep 7, 2020 7:31am
Quoting JungleLionFx
i am booking all shorts for now {image}
nicely booked 3148
feel free to invite me to your forum, if you have any
  • #546,692
  • Sep 7, 2020 7:33am Sep 7, 2020 7:33am
Hey
hope u all good

possible GU up again .. (maybe after h1 close)


good luck
  • #546,693
  • Sep 7, 2020 7:46am Sep 7, 2020 7:46am
GBPUSD down , EURUSD sideways = EURGBP going UP ... after EURGBP reach the upper channel as target and then going down .... may be GBPUSD going UP
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The Average Discount Everything
  • #546,694
  • Sep 7, 2020 7:53am Sep 7, 2020 7:53am
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yes yes yes
  • #546,695
  • Edited 8:46am Sep 7, 2020 8:28am | Edited 8:46am
Funny thing about trading is when you are in the wrong side of a market move and trying to find all the reasons why the market should turn and go your way. Just close the trade and move on, I think a stop loss is important
BARAK
  • #546,696
  • Sep 7, 2020 8:47am Sep 7, 2020 8:47am
Quoting MarketPatrol
Funny thing about trading is when you are in the wrong side of a market move and trying to find all the reasons why the market should turn and go your way. Just close the trade and move on, I think a stop loss is important
People would rather blow their account than admit to strangers on the internet they were wrong about their trade idea
  • #546,697
  • Sep 7, 2020 8:57am Sep 7, 2020 8:57am
Two key issues are pride and foolishness. Leaders in this business advise us to cut our losses when it becomes apparent that things are not going our way. When we trade with discipline and by specific tried and tested rules, and have the humility to admit it when we are wrong, we'll do better as traders.

KP

Quoting Trader4818
{quote} People would rather blow their account than admit to strangers on the internet they were wrong about their trade idea
Do your homework, follow the footprints of smart money
  • #546,698
  • Sep 7, 2020 9:00am Sep 7, 2020 9:00am
Good point there mate. Interestingly, we don't even need to find out or have all the reasons why the market is not going our way if we have sound trading criteria or checklist, and exercise the discipline to use them.

Trade safe and you will prosper.

KP

Quoting MarketPatrol
Funny thing about trading is when you are in the wrong side of a market move and trying to find all the reasons why the market should turn and go your way. Just close the trade and move on, I think a stop loss is important
Do your homework, follow the footprints of smart money
  • #546,699
  • Sep 7, 2020 9:06am Sep 7, 2020 9:06am
Quoting MarketPatrol
Funny thing about trading is when you are in the wrong side of a market move and trying to find all the reasons why the market should turn and go your way. Just close the trade and move on, I think a stop loss is important
but some said who used stop loss is traders that not trust their own system or analysis...how to answer about that?
but the person said that lately always used stop loss.
just for a cup of coffee...
  • #546,700
  • Sep 7, 2020 9:10am Sep 7, 2020 9:10am
Quoting akim0895
{quote} but some said who used stop loss is traders that not trust their own system or analysis...how to answer about that? but the person said that lately always used stop loss.
analysis cannot change in 5min, or if you analyse market technically, and saying that bad news came and now it will drop, crazy
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