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Cable Update (GBPUSD)

  • #548,681
  • Sep 17, 2020 3:33am Sep 17, 2020 3:33am
Quoting Alorente
{quote} I think it is going to 1.3038, which is the 38 Fib of the entire down move, before going to a new low.
1,3038 will possibly be the top of the Head of a H&S formation that will eventually target the low at 1.2763.
Observation is the path to discovery.
  • #548,682
  • Sep 17, 2020 3:34am Sep 17, 2020 3:34am
Quoting Kaysole
{quote} I agree, I believe it will go up to around 1.3 and then head down to below yesterday's low.
I closed my positions and will wait. If price goes up to around 1.3, I will sell. If it goes down to around yesterday's low, I will buy.
  • #548,683
  • Sep 17, 2020 3:34am Sep 17, 2020 3:34am
Quoting epzero
{quote} so you still don't wanna run away hmmm, the bounce was 4hrs ema21 which it might likely come back to test and break
IT WAS A GAMBLE
but it need to go higher then 1.3000
Attached Image(s) (click to enlarge)
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yes yes yes
  • #548,684
  • Sep 17, 2020 3:40am Sep 17, 2020 3:40am
Quoting Moty
{quote} IT WAS A GAMBLE but it need to go higher then 1.3000 {image}
Yes its true. If retrace more than 100%.
  • #548,685
  • Sep 17, 2020 3:45am Sep 17, 2020 3:45am
Quoting Alorente
{quote} 1,3038 will possibly be the top of the Head of a H&S formation that will eventually target the low at 1.2763.
I agree with you on this but price may have also been capped at 1.3006. check this week open and low, it's just 1 pip drop from open.

1.2763 still looks vulnerable to be broken to 1.2690 area before uninterrupted rise to 1.3270/1.3680 in weeks ahead.
Data + Stat + Risk/Emotions Management
  • #548,686
  • Sep 17, 2020 3:56am Sep 17, 2020 3:56am
...not much of a fall from the 4hr bearish hidden div set-up @ the prev dly sw lo (s) = prev supp=pot sbr @ y/day's hi...(so far?) @ today's current lo - 1hr bullish hidden div @ the prev 4hr sw hi x 2 zone = prev res = pot rbs and as price pulled back from 2963-32 a 5min bullish hidden div pattern...so a hidden div within a hidden div pattern if you get what I mean...either this 1hr bullish hidden div or the 4hr opposite bearish hidden div will fail as price discovery continues. Take your pick lol ! 1hr is below.

EDIT: 4hr close here - makes 5th consec HL on 4hr...also had 2 x HH's.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #548,687
  • Sep 17, 2020 4:03am Sep 17, 2020 4:03am
Quoting Alorente
{quote} I think it is going to 1.3038, which is the 38 Fib of the entire down move, before going to a new low.
On it
Le$$ I$ More
  • #548,688
  • Sep 17, 2020 4:16am Sep 17, 2020 4:16am
i do not feel confident with buying pound
Make money by doing the opposite of Giveachance aka loser
  • #548,689
  • Sep 17, 2020 4:27am Sep 17, 2020 4:27am
... a prev 1hr sw hi and new 4hr desc t/line [joining 3482 with y/day's hi] at the current dly hi...4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB
Trader with an Edge.
  • #548,690
  • Sep 17, 2020 4:28am Sep 17, 2020 4:28am
Quoting nessus94
i do not feel confident with buying pound
i feel more confident with buying..
price very struggle any time it try.

bears now to strike down, bulls know how to maintaine the move up

im going to scalp up only
  • #548,691
  • Sep 17, 2020 4:34am Sep 17, 2020 4:34am
Quoting gatenio
{quote} i feel more confident with buying.. price very struggle any time it try. bears now to strike down, bulls know how to maintaine the move up im going to scalp up only

i will use a big rise to sell

and if you look at the dollar, it is above daily weekly monthly pivot today, for the moment
Make money by doing the opposite of Giveachance aka loser
  • #548,692
  • Sep 17, 2020 4:43am Sep 17, 2020 4:43am
Quoting nessus94
{quote} i will use a big rise to sell and if you look at the dollar, it is above daily weekly monthly pivot today, for the moment
yea.. but intraday trend rule..
im not swing 0.01 lot.. give me 5-10 pips any time bears try, i will make more money then sell it.
but 1.3+ is fine to sell
  • #548,693
  • Sep 17, 2020 4:45am Sep 17, 2020 4:45am
short 12963 stop 25
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 148 KB
twitter: @gettoefl
  • #548,694
  • Sep 17, 2020 4:57am Sep 17, 2020 4:57am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 26 KB
yes yes yes
  • #548,695
  • Sep 17, 2020 5:00am Sep 17, 2020 5:00am
Quoting Moty
{image}
Check it Moty. it's your confirmation, good volume for long. I want to sell for short selling, and hold my long,
above @ 1.3007
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  • #548,696
  • Sep 17, 2020 5:10am Sep 17, 2020 5:10am
start short 1,2979
i will increase higher like yesterday
Make money by doing the opposite of Giveachance aka loser
  • #548,697
  • Sep 17, 2020 5:13am Sep 17, 2020 5:13am
... 76.4% of the fall from y/day's hi - today's current lo reached at the current dly hi with slight upside breech of 4hr desc t/line....64% of 30 day adr travelled so far today.

longer session for me today - hanging around for Boe Mpc, then finish.
Trader with an Edge.
  • #548,698
  • Sep 17, 2020 5:19am Sep 17, 2020 5:19am
Quoting gettoefl
short 12963 stop 25 {image}
Be careful, post-BOE volatility likes to kill stops.
  • #548,699
  • Sep 17, 2020 5:24am Sep 17, 2020 5:24am
i don't like this .
dx show strength.
eg starting to reverse .
took short eu.
waiting with the gu
Attached Image (click to enlarge)
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yes yes yes
  • #548,700
  • Sep 17, 2020 5:25am Sep 17, 2020 5:25am
Quoting VM.
{quote} Be careful, post-BOE volatility likes to kill stops.
expecting a fast decline to the blue box, looking okay at moment
twitter: @gettoefl
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