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Cable Update (GBPUSD)

  • #548,141
  • Sep 14, 2020 12:55pm Sep 14, 2020 12:55pm
Quoting gatenio
{quote}last week he burned his account. today he earned 60 pips and he thinks he will do it 1000 times from now on .. I do not know whether to laugh or cry .. it's just ... i dont know.. awkward
He will do it 1000 times
but he Forget to mention he will blow up as many accounts
Make money by doing the opposite of Giveachance aka loser
  • #548,142
  • Sep 14, 2020 12:56pm Sep 14, 2020 12:56pm
Quoting Moty
{quote} i will do it 1000 time with 100 $ today was the first time. lets start counting
Dont be overexcited

and count all the accounts you will blow up
Make money by doing the opposite of Giveachance aka loser
  • #548,143
  • Sep 14, 2020 1:03pm Sep 14, 2020 1:03pm
blow blow blowing gj anyway

soon or later ll become a dollar’s trader

hardworking motie
  • #548,144
  • Sep 14, 2020 1:31pm Sep 14, 2020 1:31pm
Quoting kuroro001
Friday no volume, today rise without volume too (unless there is a big move within the next 4 hours). Lets see a retest of friday's low....if no retest before a rise then i'd sell the rallies Final target is still 2100 for me
2850 ..should the day end below that price then Friday's low will be exposed.

I think i will look into the tick volume.
Le$$ I$ More
  • #548,145
  • Sep 14, 2020 1:34pm Sep 14, 2020 1:34pm
H4 close below fridays test and we go to to friday low. GBP fundamentals are negative.

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  • #548,146
  • Sep 14, 2020 1:37pm Sep 14, 2020 1:37pm
Quoting Roszey
{quote} 2850 ..should the day end below that price then Friday's low will be exposed.
Yes indeed, and maybe we'll drop hard below it

296x may cap the upside (its where there is huge volume)
289x is another one now

Sellers are everywhere, but lets see if we hit the friday's low with big vol for buyers
COT: The precious data ignored
  • #548,147
  • Sep 14, 2020 1:49pm Sep 14, 2020 1:49pm
I always Trade EURUSD but reading this thread every day got me thinking of trying this pair (GBPUSD) out.
  • #548,148
  • Sep 14, 2020 1:59pm Sep 14, 2020 1:59pm
Quoting Brixton
H4 close below fridays test and we go to to friday low. GBP fundamentals are negative. {image} {image}
is nice see 4h other people....my 4h chart is far different...idk why, maybe broker things
hope too see your 4h chart often here so i can compare ...
thanks
  • #548,149
  • Sep 14, 2020 2:15pm Sep 14, 2020 2:15pm
Quoting VM.
{quote} There is a vote today, as part of second reading, as to whether to move it to committee stage. It will pass almost surely and is not a big thing (battles will be fought at the third reading stage), but markets still may be moved by vote results. You will likely have a big headline, and not many people understand how UK parliament work (including MPs sometimes ). In terms of timeline, third reading and final vote in Commons likely next week, then Lords either next week, or week after next.
give one date lol but before 2024 at least
feel free to invite me to your forum, if you have any
  • #548,150
  • Sep 14, 2020 2:28pm Sep 14, 2020 2:28pm
Quoting sali1
I always Trade EURUSD but reading this thread every day got me thinking of trying this pair (GBPUSD) out.
ha.. you are welcome.
mind you there lots of vampires here..
Le$$ I$ More
  • #548,151
  • Sep 14, 2020 2:41pm Sep 14, 2020 2:41pm
...quite a strong pullback off friday's lo such that the daily candle is very likely to close bullishly....4hr will see a fractal H now at some point above last LH in it's general pa downtrend and 1hr has seen a HH at today's current hi before the pullback - so that general pa downtrend is somewhat damaged by today's bullishness. It's either the start of more bullishness/extended pullback-correction, or it's just that, - a pullback, and the 4hr general pa downtrend will continue tomorrow or later in the week ? Take your pick.

Meantime 1hr is below and this prev 1hr/4hr sw hi = prev res = pot rbs formed by those 2 spikes up on friday ( at friday's hi) extends down to 2820 on my 4hr. Funny enough price has found res in the prev 4hr sw lo zone at today's current hi and now support in the prev 1hr/4hr sw hi zone.
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Trader with an Edge.
  • #548,152
  • Sep 14, 2020 2:41pm Sep 14, 2020 2:41pm
Quoting Notme3232
{quote} is nice see 4h other people....my 4h chart is far different...idk why, maybe broker things hope too see your 4h chart often here so i can compare ... thanks
Post it so i can see
  • #548,153
  • Sep 14, 2020 2:47pm Sep 14, 2020 2:47pm
Quoting Brixton
{quote} Post it so i can see
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idk how to screenshoot from my pc, so i took it from phone, the 4h chart is so diff
  • #548,154
  • Sep 14, 2020 2:56pm Sep 14, 2020 2:56pm
If the pound continues to strengthen then our TP is in the 1.3035 area.
GBPUSD September in the Spotlight
Risk Management is of utmost importance!
  • #548,155
  • Sep 14, 2020 3:01pm Sep 14, 2020 3:01pm
Quoting Notme3232
{quote} {image} idk how to screenshoot from my pc, so i took it from phone, the 4h chart is so diff

What time zone, I run mine off GMT
  • #548,156
  • Sep 14, 2020 3:05pm Sep 14, 2020 3:05pm
Quoting Brixton
{quote} What time zone, I run mine off GMT
mine is +7GMT, how to off gmt ?
  • #548,157
  • Sep 14, 2020 3:35pm Sep 14, 2020 3:35pm
Quoting nessus94
{quote} Dont be overexcited and count all the accounts you will blow up
i feel sorry for those that don't know Moty, what is the point withdrawing today when you will blow up the account tomorrow and fund it again, in all he has lost more money than money gained, so even if he makes $4000 by my calculations he is still in losses.. This is no hate speech but only saying what i've observed.
  • #548,158
  • Sep 14, 2020 4:05pm Sep 14, 2020 4:05pm

gbp/usd shorted for several bilions! Just now!

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LOVE
  • #548,159
  • Sep 14, 2020 4:16pm Sep 14, 2020 4:16pm
Quoting Nightowl96
gbp/usd shorted for several bilions! Just now! {image}
where is the source of your info? please do share
thanks
Le$$ I$ More
  • #548,160
  • Sep 14, 2020 4:25pm Sep 14, 2020 4:25pm
Quoting Nightowl96
gbp/usd shorted for several bilions! Just now! {image}
If I counted the fx options not hit just last month, it would be tens of billions of wrong trades...

Plus, we don't know any info about the trades, if they were real...they might be without leverage, so even a 500 pip drawdown is meaningless to them.
Everyone can see the chart, but only a few can actually read it.
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