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Cable Update (GBPUSD)

  • #548,721
  • Edited 6:34am Sep 17, 2020 6:21am | Edited 6:34am
...busy few mins but great moves both short and long...price at the 76.4% of the 2840-3006 move at the reaction lo - in that prev 1hr/4hr sw lo zone......downside breech of asc 1hr/4hr t/line during the react. 1hr below. 101pips travelled off the current dly hi - 79% 30 day adr....30 day adr lo is 2854 if that hi holds.

Done for today. G/L all.
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Trader with an Edge.
  • #548,722
  • Sep 17, 2020 6:36am Sep 17, 2020 6:36am
Out, only 20pip profit due to bad entry. Will wait for now.

Wow we have a wild ride ahead! Possible negative rates, US election, Brexit finale. Hold on to your arse!
  • #548,723
  • Edited 6:57am Sep 17, 2020 6:43am | Edited 6:57am
Current Bank Rate 0.1%, morning bad shit from BoE "i have to wait" - i don't watch fakn TV at all for life
  • #548,724
  • Sep 17, 2020 6:54am Sep 17, 2020 6:54am
About 100 pips for about an hour?!?

Where we will be in the next 4-5 hours? At 1.24-1.25?
Maadik Hugiis. IQ 69.
  • #548,725
  • Sep 17, 2020 6:57am Sep 17, 2020 6:57am
Possible inverted H&S developing.
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Observation is the path to discovery.
  • #548,726
  • Sep 17, 2020 6:59am Sep 17, 2020 6:59am
more further down???
  • #548,727
  • Sep 17, 2020 6:59am Sep 17, 2020 6:59am
Quoting The Magician
Out, only 20pip profit due to bad entry. Will wait for now. Wow we have a wild ride ahead! Possible negative rates, US election, Brexit finale. Hold on to your arse!
Only??? One of my trading partners is up to 5.5 lots. A 20pip trade is two days worth of trading at his core which we are getting much more than that but 20pips is a major pat on the back there are literally people in this chat down for the day so what you got is fantastic
  • #548,728
  • Sep 17, 2020 7:05am Sep 17, 2020 7:05am
Quoting D1n3r0
{quote} Only??? One of my trading partners is up to 5.5 lots. A 20pip trade is two days worth of trading at his core which we are getting much more than that but 20pips is a major pat on the back there are literally people in this chat down for the day so what you got is fantastic
Ah ha, yes you are quite right! Must control the greed, must control the greed, must control the greed
  • #548,729
  • Sep 17, 2020 7:07am Sep 17, 2020 7:07am
Quoting buddha-
more further down???
Yes mate
  • #548,730
  • Sep 17, 2020 7:07am Sep 17, 2020 7:07am
Quoting Moty
switched to long {image}
So you didn’t learn anything from all I’ve been saying to you
  • #548,731
  • Sep 17, 2020 7:08am Sep 17, 2020 7:08am
Quoting corongumet
{quote} shake out lol.... i think 1.28332 {image}
check it
  • #548,732
  • Edited 7:26am Sep 17, 2020 7:08am | Edited 7:26am
Quoting Moty
switched to long {image}
switched to short
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yes yes yes
  • #548,733
  • Sep 17, 2020 7:09am Sep 17, 2020 7:09am
The bulls are no mate for the bears
  • #548,734
  • Sep 17, 2020 7:09am Sep 17, 2020 7:09am
Quoting kuroro001
{quote} {quote} {quote} Signs were here for a bottoming dollar and topping pound Lets see if it holds the rest of the week now....day is over
2840/2865 is a low vol area where prices bounced.
Its being retested now, watch for activity inside (buyers). Else retest of the lows

If bounce? well i'll keep selling rallies
COT: The precious data ignored
  • #548,735
  • Sep 17, 2020 7:12am Sep 17, 2020 7:12am
Cracking up 2960/70 will require a lot of strength....As it has been met by FED sellers + BOE sellers.
Its not tiny...
COT: The precious data ignored
  • #548,736
  • Sep 17, 2020 7:16am Sep 17, 2020 7:16am
Quoting shahab8b
{quote} GU, short trade. based on the analysis posted https://www.forexfactory.com/thread/...4#post13168114 It is still in that rising channel and short term is bullish above 1.2875. {image}
GU
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  • #548,737
  • Sep 17, 2020 7:27am Sep 17, 2020 7:27am
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yes yes yes
  • #548,738
  • Sep 17, 2020 7:39am Sep 17, 2020 7:39am
Quoting Georginson
Another sell added to 1.2950 sell ... New sell 1.3000 target 1.2750.
Partial closure of sell at 1.3000 locked in 130 pips profit at 1.2870.... now sell from 1.2950 will be held till 1.2750 area.
Data + Stat + Risk/Emotions Management
  • #548,739
  • Sep 17, 2020 7:39am Sep 17, 2020 7:39am
I entered a small position short at 1.2974, just before BOE, now close when it thankfully fell and hit 1.2866, neckline of mini double bottom.
At here, I am neutral and will not re-enter trade.
Attached Image
  • #548,740
  • Sep 17, 2020 7:50am Sep 17, 2020 7:50am
Quoting Georginson
{quote} Partial closure of sell at 1.3000 locked in 130 pips profit at 1.2870.... now sell from 1.2950 will be held till 1.2750 area.
i'll stop by at 2950 later

just joking mate
just for a cup of coffee...
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