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Cable Update (GBPUSD)

  • #547,521
  • Sep 10, 2020 3:15pm Sep 10, 2020 3:15pm
Quoting vowan4ik
i'm buy now from 1.27849, sl 30 pips
lol why do you guys love to buy ???? 260pips and it could be 300pips
  • #547,522
  • Sep 10, 2020 3:17pm Sep 10, 2020 3:17pm
1.278 support survived in the end, although bears (or algos) attacked it quite strongly. So we may see some retrace higher; not sure whether Asia can break a support like this. However, one big thing is risk off mood. It was not anything spectacular by 2020 standards, stock indices fell by 1.5-2%, but they were sold strongly in US session. If this is a sign of things to come, then Asia may sell aggressively, especially on Friday, which would drop GBP among other risk currencies.
  • #547,523
  • Sep 10, 2020 3:18pm Sep 10, 2020 3:18pm
Quoting epzero
{quote} where is mr JayBag and his buy from 1.29? i am sure he has lost his account that is why he refused to talk, how silly for people to think they know it all
1,29?

he said buy 1,3380 and 1,32 lol
1,29 is to lose the whole account if its not lost at 1,30
Make money by doing the opposite of Giveachance aka loser
  • #547,524
  • Sep 10, 2020 3:19pm Sep 10, 2020 3:19pm
Quoting epzero
{quote} lol why do you guys love to buy ???? 260pips and it could be 300pips
you will see why i love buy)
Like your wife says, hold the fucking position until I tell you I'm done.
  • #547,525
  • Sep 10, 2020 3:20pm Sep 10, 2020 3:20pm
Quoting vowan4ik
i'm buy now from 1.27849, sl 30 pips
...took exactly the same trade with almost identical entry price based on the extreme o/sold conditions 30min/1hr and the repeating reg bullish div set-ups 1min to 15min ...4hr below shows it - was at a prev 4hr sw hi x 2 zone = prev res = pot rbs, and Dly S3. Out +11 G/L with yours.
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Trader with an Edge.
  • #547,526
  • Sep 10, 2020 3:23pm Sep 10, 2020 3:23pm
Quoting vowan4ik
i'm buy now from 1.27849, sl 30 pips
sl at be
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Like your wife says, hold the fucking position until I tell you I'm done.
  • #547,527
  • Edited 3:34pm Sep 10, 2020 3:24pm | Edited 3:34pm
Quoting epzero
{quote} lol why do you guys love to buy ???? 260pips and it could be 300pips

That was exactly one of the reasons - 260pips - 215% of 30 day adr and extremely o/sold, 76.4% downside extension of y/day's pip range.....find some potential support and it's a hi-probability buy in those circumstances. (I'm a scalper + so only +11 for me.) ....there is money to be made both ways in markets - regardless of the conditions. 15min as an eg is below. It shows the reg bullish div that is there 1min - 15min at the potential 4hr rbs.
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Trader with an Edge.
  • #547,528
  • Sep 10, 2020 3:25pm Sep 10, 2020 3:25pm
Quoting Headland
{quote} When something specific is driving price it certainly tends not to respect the technicals - like potential support [s] in a strong down move lol ! Bones pointed out the dangers of thinking y/day's daily pinbar type candle was the start of something bullish last London evening and I did agree with him - it is all about context.
Yep. Of course "technicals" can be important, but I think some people go way overboard. Because as you say, sometimes news, especially when it comes out of the blue, can totally wipe out any "technical" aspect the charts/prices may have been pointing to. I've actually seen some people trying to make excuses after the fact, in order to keep their reliance on technicals intact. We'll have a huge move as a news event hits, and then a little later someone will say that the move could have been predicted if you had paid more attention to the "technicals". Oh well...
  • #547,529
  • Sep 10, 2020 3:36pm Sep 10, 2020 3:36pm
Quoting epzero
{quote} lol why do you guys love to buy ???? 260pips and it could be 300pips
@epzero you think GBP tanks again tomorrow?
  • #547,530
  • Sep 10, 2020 3:36pm Sep 10, 2020 3:36pm
KIDDING ME
You saw it b4, why i love to buy and sell it
  • #547,531
  • Sep 10, 2020 3:38pm Sep 10, 2020 3:38pm
Quoting forda
question to Coreg2004 and shahab8b about EW Here is my main plan with 5 waves: i was thinking that we won't get below 1.281 (wick of wave 1) and from there we start wave 5. We are below 1.28. My quwstions are about overlaping waves: - what if today's candel close above 1.275 and below 1.2815? - do we take waves as overlaped only if body of candle form wave 4 gets into territory of body of candle from wave 1? - is counting still correct as long...
http://www.tradingfives.com/articles...wave-guide.htm
I hope to help you
  • #547,532
  • Sep 10, 2020 3:44pm Sep 10, 2020 3:44pm
Dynamic S&R 4H
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BARAK
  • #547,533
  • Sep 10, 2020 3:50pm Sep 10, 2020 3:50pm
Quoting vowan4ik
i'm buy now from 1.27849, sl 30 pips
now sl at be + 10 pips
will see what will happen
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GJ same story
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Like your wife says, hold the fucking position until I tell you I'm done.
  • #547,534
  • Sep 10, 2020 4:04pm Sep 10, 2020 4:04pm
Quoting vowan4ik
{quote} you will see why i love buy)
thank God you set 10pip BE
  • #547,535
  • Sep 10, 2020 4:09pm Sep 10, 2020 4:09pm
Quoting nessus94
{quote} 1,29? he said buy 1,3380 and 1,32 lol 1,29 is to lose the whole account if its not lost at 1,30
just imagine he last buy with a SL of 10pips and market has fallen 100pips again from his last buy entry, i wonder what he teaches people because they will all get their account burnt with someone like him leading them. He need to be stripped of his red tag because he knows nothing
  • #547,536
  • Sep 10, 2020 4:11pm Sep 10, 2020 4:11pm
Quoting epzero
{quote} just imagine he last buy with a SL of 10pips and market has fallen 100pips again from his last buy entry, i wonder what he teaches people because they will all get their account burnt with someone like him leading them. He need to be stripped of his red tag because he knows nothing
damn those are some harsh words...you have been slinging people left and right today.
  • #547,537
  • Sep 10, 2020 4:12pm Sep 10, 2020 4:12pm
Quoting spatel522
{quote} @epzero you think GBP tanks again tomorrow?
there's nothing stopping it from falling but i think you can relax tomorrow and trade next week, better safe than over trading and losing money . Sometimes you need to study the market without trading so you can be a good trader.
  • #547,538
  • Sep 10, 2020 4:17pm Sep 10, 2020 4:17pm
Quoting spatel522
{quote} damn those are some harsh words...you have been slinging people left and right today.
if you knew what he did to me July you would understand my pain, i was holding a sell and contacted him about it, he claimed it would fall that i should be patient, each time i wanted to enter a buy he would disagree and tell me to add more sell, long story cut short, i decided to stop listening to him and i closed all my sell position and entered a buy, i was able to recover a lost of about $12k and made $25k from the buy and till date the market hasn't sold back to the price he kept telling me to hold, the annoying part is that he blocked me when i stopped added more sell positions
  • #547,539
  • Sep 10, 2020 4:21pm Sep 10, 2020 4:21pm
Quoting epzero
{quote} if you knew what he did to me July you would understand my pain, i was holding a sell and contacted him about it, he claimed it would fall that i should be patient, each time i wanted to enter a buy he would disagree and tell me to add more sell, long story cut short, i decided to stop listening to him and i closed all my sell position and entered a buy, i was able to recover a lost of about $12k and made $25k from the buy and till date the market hasn't sold back to the price he kept telling me to hold, the annoying part is that he blocked...
Haha well have at it then, $12K is no joke! But good to hear that you made $25K back
  • #547,540
  • Sep 10, 2020 4:29pm Sep 10, 2020 4:29pm
Quoting spatel522
{quote} Haha well have at it then, $12K is no joke! But good to hear that you made $25K back
if you can take time to read all his post you will understand where my complains are coming from, how can someone who is a swing trader enter a buy in this market??? he started selling the market since 1.25 so what is the point of buying when you have sell positions are 1.25, 1.26 , 1.27 , 1.28 and 1.29 so did he forget that each time he posted. we are all watching and reading his post, yesterday after cable sold, market started buying and he said market is going to buy till it get to 1.35 and yesterday's low was the low for this month, now look what happened today, new low and the month isn't half way, so what use is he to this thread? when all he says doesn't work. I have said the market will sell heavily today and only those who took me seriously enjoyed the rally
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