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Cable Update (GBPUSD)

  • #546,921
  • Sep 8, 2020 2:17pm Sep 8, 2020 2:17pm
Quoting Georginson
1.3400/1.3414 tops it for me before correction to 1.2870 within 13 - 25 trade days. No 1.35 before 1.28 still on. * Last time GBPUSD did 4 consecutive months of buying was 2012 January to April (1.5235 - 1.6300) 1065 pips, followed up by 1033 pips decline within 6 weeks (1.6300 - 1.5267) * Now 3 months of consecutive buying from 2020 June to August (1.2250 - 1.3350) 1105 pips * Maximum Yearly range from 2011 - 2019 (excluding 2016 brexit referendum) was 1900 pips which happened in 2018 (1.4375 - 1.2475) * Now 2020 range 1.1409 - 1.3355 = 1946 pips,...
5 trade days after high... May even be faster than anticipated 13 - 25 trade days ..... Just Swing the price, scalping will lead to alterations and avoidable exposure. Guilty if this stupid in between scalps
Data + Stat + Risk/Emotions Management
  • #546,922
  • Edited 2:33pm Sep 8, 2020 2:18pm | Edited 2:33pm
if it goes lower major tl could hold ,but it would be for the retrace only, wave 2
end of week bearish print that or lower is what I see
no bullish w1 candle at all, end of week...
I would prefer it not to hit the line before correction ,for my outlook or take line.
Monthly low were right on is also important,
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #546,923
  • Sep 8, 2020 2:19pm Sep 8, 2020 2:19pm
Did Trump tweet something or what??
BARAK
  • #546,924
  • Sep 8, 2020 2:25pm Sep 8, 2020 2:25pm
Why are people shocked by the fall ?

Market participant were prepared....

Attached Image (click to enlarge)
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Attached Image
COT: The precious data ignored
  • #546,925
  • Sep 8, 2020 2:28pm Sep 8, 2020 2:28pm
Quoting Bones
if it goes lower major tl could hold ,but it would be for the retrace only, wave 2 end of week bearish print that or lower is what I see no bullish w1 candle at all, end of week... {image}
Unlikely to hit it today (?) but who knows ! - tomorrow comes thru circa 2850 on tomorrow's daily candle.
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Ongoing brexit malarky weighing heavily as well as rise in covid rates here in U.k and potential economic impact.
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Below this prev 4hr/dly sw lo zone to 2979 a prev minor 4hr sw hi/sw lo x 2 zone 2964-44 with a fib at 2944
Trader with an Edge.
  • #546,926
  • Sep 8, 2020 2:33pm Sep 8, 2020 2:33pm
Quoting kuroro001
Why are people shocked by the fall ? Market participant were prepared.... {image}{image}
COT reports are a gold mine, now if only I could hold my trades May just assess on a weekly basis next time.
  • #546,927
  • Sep 8, 2020 2:36pm Sep 8, 2020 2:36pm
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.
No touch on major TL's
Attached Image(s) (click to enlarge)
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Compulsions can be hard to resist
  • #546,928
  • Sep 8, 2020 2:38pm Sep 8, 2020 2:38pm
Quoting MarketPatrol
Did Trump tweet something or what??
Nothing happened, brexit and stronger dollar, remember cable went 3 months of buy in a roll so it has reached it peak and it's time to fall back down.
  • #546,929
  • Sep 8, 2020 2:39pm Sep 8, 2020 2:39pm
1.28 people are about to win
Patience.....
  • #546,930
  • Sep 8, 2020 2:40pm Sep 8, 2020 2:40pm
Cable is crazy, its not for children .
Patience.....
  • #546,931
  • Sep 8, 2020 2:50pm Sep 8, 2020 2:50pm
Dejavu

September 2016
High 1.3444
Low 1.2914
Range: 530 pips

September 2020
High 1.3481
Low. 1.2984*
Range: 497 pips

Possible low 1.2951/1.2870*
Data + Stat + Risk/Emotions Management
  • #546,932
  • Sep 8, 2020 2:54pm Sep 8, 2020 2:54pm
Quoting Georginson
Dejavu September 2016 High 1.3444 Low 1.2914 Range: 530 pips September 2020 High 1.3481 Low. 1.2984* Range: 497 pips Possible low 1.2951/1.2870*

...interesting...currently @ 83% of the 3mth average of 595 and 104% of the 13 week awr.
Trader with an Edge.
  • #546,933
  • Sep 8, 2020 2:56pm Sep 8, 2020 2:56pm
Quoting Headland
{quote} ...interesting...currently @ 83% of the 3mth average of 595 and 104% of the 13 week awr.
Going forward... I will delete every form of scalp and do strictly Swing as previously done. Medium and long term is the big deal now.
Data + Stat + Risk/Emotions Management
  • #546,934
  • Sep 8, 2020 2:57pm Sep 8, 2020 2:57pm
Quoting Georginson
{quote} Going forward... I will delete every form of scalp and do strictly Swing as previously done. Medium and long term is the big deal now.
G/L
Trader with an Edge.
  • #546,935
  • Sep 8, 2020 2:58pm Sep 8, 2020 2:58pm
......

Quoting Fredo219
Cable is crazy, its not for children .
BARAK
  • #546,936
  • Sep 8, 2020 2:59pm Sep 8, 2020 2:59pm
Now expect a bounce from 1.2952/1.2870 area for 1.3152/1.3170 area...
Data + Stat + Risk/Emotions Management
  • #546,937
  • Sep 8, 2020 3:04pm Sep 8, 2020 3:04pm
Quoting Georginson
Now expect a bounce from 1.2952/1.2870 area for 1.3152/1.3170 area...
I think you are totally lost in trading

i will sum up
you were short 1,25. Out at 1,3180 for 680 pips loss

your analysis say shorts and now you keep looking for bounce
you were long 1,3180 yesterday, another loss
and you look for long agrian

you have no clue what to do right ?
Make money by doing the opposite of Giveachance aka loser
  • #546,938
  • Sep 8, 2020 3:06pm Sep 8, 2020 3:06pm
Quoting Georginson
Now expect a bounce from 1.2952/1.2870 area for 1.3152/1.3170 area...

i think it might dip through, the bounce might not occurred, the (1.25350) baseline is getting weighted for price to reach.
Keep the Lights on then you can catch the rise from the dark.
  • #546,939
  • Sep 8, 2020 3:07pm Sep 8, 2020 3:07pm
Quoting nessus94
{quote} I think you are totally lost in trading i will sum up you were short 1,25. Out at 1,3180 for 680 pips loss your analysis say shorts and now you keep looking for bounce you were long 1,3180 yesterday, another loss and you look for long agrian you have no clue what to do right ?
Stay calm mate.... Scalp account separate from swing account. Stop trolling. You can have short term account and medium term account... Entry from 1.3180 got stopped out earlier at 1.3100.
Data + Stat + Risk/Emotions Management
  • #546,940
  • Sep 8, 2020 3:11pm Sep 8, 2020 3:11pm
Not expected the mini fall in Ny bad day today..i bought 1.29889 for some pips
Cya tommorow
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