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Cable Update (GBPUSD)

  • #546,901
  • Sep 8, 2020 1:38pm Sep 8, 2020 1:38pm
it's just dropped 500 pips in days off the major long term downtrend line, top of range
on monthly go draw it you don't need to bend any rules.
we also have a huge fundi story playing out at that time ,seems very unlikely any side will budge.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #546,902
  • Sep 8, 2020 1:39pm Sep 8, 2020 1:39pm
4H has confirmed what might be the start of a downtrend, I think me might head down to around a 1.2700 at least.
  • #546,903
  • Sep 8, 2020 1:41pm Sep 8, 2020 1:41pm
1.35 or 1.28 first....
Data + Stat + Risk/Emotions Management
  • #546,904
  • Sep 8, 2020 1:44pm Sep 8, 2020 1:44pm
Quoting Bones
it's just dropped 500 pips in days off the major long term downtrend line, top of range on monthly go draw it you don't need to bend any rules. we also have a huge fundi story playing out at that time ,seems very unlikely any side will budge.
what are the chances of uk scrapping the deal in parliament on Wednesday
feel free to invite me to your forum, if you have any
  • #546,905
  • Sep 8, 2020 1:45pm Sep 8, 2020 1:45pm
i dont remember such an adr for long long time.. we can finish 1.298 today lol
  • #546,906
  • Sep 8, 2020 1:46pm Sep 8, 2020 1:46pm
Quoting JungleLionFx
{quote} what are the chances of uk scrapping the deal in parliament on Wednesday
by the way a 14 week average weekly range was completed at 1.30
feel free to invite me to your forum, if you have any
  • #546,907
  • Sep 8, 2020 1:50pm Sep 8, 2020 1:50pm
Quoting JungleLionFx
{quote} what are the chances of uk scrapping the deal in parliament on Wednesday
that could cause the correction ,but the cry babies in parliament won't stop Boris now ,only If I see happy negotiators who have a deal will I believe
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #546,908
  • Sep 8, 2020 1:53pm Sep 8, 2020 1:53pm
My buys, currently are getting closed, at profit, like crazy!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4A11356B-4985-403B-8F31-DC2FD505BB8F.png Size: 1.1 MB
Click to Enlarge Name: BFB96A76-D7AF-4A9E-81B5-12B0396E0BB4.png Size: 1.1 MB
Maadik Hugiis. IQ 69.
  • #546,909
  • Sep 8, 2020 1:54pm Sep 8, 2020 1:54pm
Quoting Georginson
1.35 or 1.28 first....
haha, that's a good one. Do you still have your shorts from 1.25? the first 500 pips is done, only 500 more to go.
  • #546,910
  • Sep 8, 2020 1:55pm Sep 8, 2020 1:55pm
oil oil oil ; how did i ignore this damn it

Quote
USD/CAD is at a fresh high, up 122 pip on the perfect storm of a 7.5% drop in oil and a 2.4% decline in the S&P 500
feel free to invite me to your forum, if you have any
  • #546,911
  • Sep 8, 2020 1:55pm Sep 8, 2020 1:55pm
Quoting shahab8b
{quote} haha, that's a good one. Do you still have your shorts from 1.25? the first 500 pips is done, only 500 more to go.
Already closed those shorts at 1.3180 last month.
Data + Stat + Risk/Emotions Management
  • #546,912
  • Sep 8, 2020 1:57pm Sep 8, 2020 1:57pm
Quoting shahab8b
{quote} haha, that's a good one. Do you still have your shorts from 1.25? the first 500 pips is done, only 500 more to go.
Just 1.2899 and Jaybag will be off for a month... Last week did 1.3481... exactly a week ago
Data + Stat + Risk/Emotions Management
  • #546,913
  • Sep 8, 2020 1:59pm Sep 8, 2020 1:59pm
Quoting MoneyZilla
My buys, currently are getting closed, at profit, like crazy! {image} {image}
im trying to understand your mt4 app and what im seeing and i dont.

1-100 how stupid am i?
  • #546,914
  • Sep 8, 2020 2:02pm Sep 8, 2020 2:02pm
Quoting Georginson
{quote} Already closed those shorts at 1.3180 last month.
haha, I was pulling your leg. That was the reasonable thing to do. But it makes you wonder what if.
  • #546,915
  • Sep 8, 2020 2:04pm Sep 8, 2020 2:04pm
Quoting msniper
{quote} i dont see it going lower than 1.27 if the market want to drop i am looking for bottom between 1.29 to 1.2980 for a good bounce at least to fill the weekend gap i still think monthly picture is bullish and we can go to new highs its just a matter of we are still in correction mode until now
It would be a crazy move but sell it at the gap which is real .Its not going beyond that close last week= no way
the gap down by itself is bearish btw
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #546,916
  • Sep 8, 2020 2:05pm Sep 8, 2020 2:05pm
done with my shorts, i am off the trading table for today, nite all
feel free to invite me to your forum, if you have any
  • #546,917
  • Sep 8, 2020 2:05pm Sep 8, 2020 2:05pm
Quoting gatenio
{quote} im trying to understand your mt4 app and what im seeing and i dont. 1-100 how stupid am i?

1. You are not stupid.

This is how hedged trades with the close by function in MT4 look like on the mobile MT4 app. Instead of buys, these are sells, actually...

I found it funny to share it...
Maadik Hugiis. IQ 69.
  • #546,918
  • Sep 8, 2020 2:08pm Sep 8, 2020 2:08pm
GU is now approaching a key wick level which has not been touched since august the 4th, where created a double bottom. this will be an interesting site of what will happen over the next few hours to london.
Attached Image (click to enlarge)
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overall i need a confident break through 1.29800 the next level could look like 1.29500 asia will hopefully be slow and trends will play out.GU has created on the lower TF's two descending triangles as well as lower highs and major lower lows, this does give the bear side some confidence, however we have broke the downside channel which started on the 1st sep.
Attached Image (click to enlarge)
Click to Enlarge Name: download (2).png Size: 166 KB


take it easy Joe
  • #546,919
  • Sep 8, 2020 2:08pm Sep 8, 2020 2:08pm
Quoting shahab8b
{quote} haha, I was pulling your leg. That was the reasonable thing to do. But it makes you wonder what if.
Yeah... Something like that big what IF...
Data + Stat + Risk/Emotions Management
  • #546,920
  • Sep 8, 2020 2:15pm Sep 8, 2020 2:15pm
Quoting Georginson
September expected Range is 500 - 650 pips... So far 1.3481 - 1.3174 being 307 pips. Possible 200 - 350 pips more to complete expected September Range. Should the high of 1.3481 stay unbroken, then 1.2980/1.2870 is imminent in days ahead before final bounce to retest 1.3481 high which is expected to break at second time of asking to 1.3680 area.
1.2980 area happened quickly and Aggressively within days
Data + Stat + Risk/Emotions Management
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