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Cable Update (GBPUSD)

  • #549,301
  • Sep 21, 2020 7:33am Sep 21, 2020 7:33am
Quoting navk
{quote} stopped out
yeah me too..
  • #549,302
  • Sep 21, 2020 7:35am Sep 21, 2020 7:35am
Quoting Almo2312
{quote} No Man,i have more shorts from way above
lol the bear run has given them another scare hahaha some people always like to learn the hard way.
  • #549,303
  • Sep 21, 2020 7:38am Sep 21, 2020 7:38am
long again, tight stop. 2834
Intraday only.
  • #549,304
  • Sep 21, 2020 7:38am Sep 21, 2020 7:38am
For today only 1.2825/1.2835 should halt the fall

For this week 1.2725 should halt the fall

For this month 1.2680 should halt the fall.

Today buy from 1.2838 is on for me then no target is set.

I look forward to having a big buy this week at 1.2727 area if it ever gets there.

Bulls will need some patience and modest money management.
Data + Stat + Risk/Emotions Management
  • #549,305
  • Sep 21, 2020 7:48am Sep 21, 2020 7:48am
The Break of Main Support at 28650 indicates bear could extend
the lead if they where to cross the 28000 number and price stays under.
However waiting for the resistance to be confirmed.
Attached Image (click to enlarge)
Click to Enlarge Name: gu matters .jpg Size: 190 KB
Keep the Lights on then you can catch the rise from the dark.
  • #549,306
  • Sep 21, 2020 7:48am Sep 21, 2020 7:48am
1.28404 is suppose to hold.
If not 1.28126
Attached Image (click to enlarge)
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yes yes yes
  • #549,307
  • Sep 21, 2020 7:52am Sep 21, 2020 7:52am
Quoting navk
{quote} everyone some days wrong, some days right. consistency is important
Lolz You are perfectly correct Sir
GREATEST WISDOM AND POSITIVE ENABLEMENT COMES FROM ALMIGHTY GOD
  • #549,308
  • Sep 21, 2020 7:52am Sep 21, 2020 7:52am
Quoting BitcoinBoff
{quote} FUNNY !!!!!!!! PS Sorry, Im only typing this msg, after the fact that I already though abt it...lol...bwahahahaha!!!

Well, I am using indicators. They feed up the EAs, which do the trading on my behalf. That means I am always after the fact, as indicators are always after the fact... at least mine are.

I am happy I teach you how after the fact trading/posting works!
Maadik Hugiis. IQ 69.
  • #549,309
  • Sep 21, 2020 7:58am Sep 21, 2020 7:58am
Quoting MoneyZilla
{quote} Well, I am using indicators. They feed up the EAs, which do the trading on my behalf. That means I am always after the fact, as indicators are always after the fact... at least mine are. I am happy I teach you how after the fact trading/posting works!
All hears
Le$$ I$ More
  • #549,310
  • Sep 21, 2020 8:06am Sep 21, 2020 8:06am
Quoting Almo2312
{quote} Lol
i must understand your 100 pips target
  • #549,311
  • Sep 21, 2020 8:13am Sep 21, 2020 8:13am
Quoting gatenio
{quote} i must understand your 100 pips target
Well ..its all speculations..lets see if i will get them.

Today,/tomorrow
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #549,312
  • Sep 21, 2020 8:15am Sep 21, 2020 8:15am
Quoting OxyGen_FX
Good Morning Asia session traders. GBPUSD short, new, @1.2930, target 1.2815, 1.2750. I view the fall from Yearly high as impulsive, and the bounce from 1.2762 as corrective as it forms a rising-channel and hence a possible bearish flag. 1.30 zone serves as strong resistance, which was tested many times last Thu/Fri. There is always possibility that price might continue correction until above 1.30. Will assess to add or close depending on structure. {image}
I held the short position since Asia morning....
Close half the position for +100 pips as it nears 1st target
If NY session decides to corrective ups, I will close the rest ASAP.
European indices all at -3% or more.
Attached Image (click to enlarge)
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  • #549,313
  • Sep 21, 2020 8:15am Sep 21, 2020 8:15am
Quoting Almo2312
{quote} Well ..its all speculations..lets see if i will get them. Today,/tomorrow
speculations? lol..
i think massive pullback is a must (above 1.29)
but.. it seems i may wrong.
  • #549,314
  • Sep 21, 2020 8:22am Sep 21, 2020 8:22am
Quoting gatenio
{quote} speculations? lol.. i think massive pullback is a must (above 1.29) but.. it seems i may wrong.
Question - WHY?

Why are you expecting a massive pullback? What time frame are you talking about?

On the daily chart you just broke an upward channel and the next support is 1.2750.

From Sept 1 to Sept 11 there was a drop from 1.3470 to 1.2760 - the 1.30 highs from last week were between the 23.6 and 38.2% levels so with this bearish engulfing bar today I'd say the odds are most likely for more downside until 1.2750.

Just my .25
...because you never know - until you do!
  • #549,315
  • Sep 21, 2020 8:23am Sep 21, 2020 8:23am
Quoting fxsport
{quote} Question - WHY? Why are you expecting a massive pullback? What time frame are you talking about? On the daily chart you just broke an upward channel and the next support is 1.2750. From Sept 1 to Sept 11 there was a drop from 1.3470 to 1.2760 - the 1.30 highs from last week were between the 23.6 and 38.2% levels so with this bearish engulfing bar today I'd say the odds are most likely for more downside until 1.2750. Just my .25
this is my kind of shit.. 1h is the tf if you must know.
im not say im right.. the must is wrong to say..
imo
  • #549,316
  • Sep 21, 2020 8:30am Sep 21, 2020 8:30am
Quoting Georginson
For today only 1.2825/1.2835 should halt the fall For this week 1.2725 should halt the fall For this month 1.2680 should halt the fall. Today buy from 1.2838 is on for me then no target is set. I look forward to having a big buy this week at 1.2727 area if it ever gets there. Bulls will need some patience and modest money management.
I think is possible, i've choose to buy at 1,279.
  • #549,317
  • Sep 21, 2020 8:32am Sep 21, 2020 8:32am
Quoting OxyGen_FX
{quote} I held the short position since Asia morning.... Close half the position for +100 pips as it nears 1st target If NY session decides to corrective ups, I will close the rest ASAP. European indices all at -3% or more. {image}
NY opens. Decided to close the remainder GU shorts for also +100 pips.
What a day.....
  • #549,318
  • Edited 11:05am Sep 21, 2020 8:36am | Edited 11:05am
Quoting epzero
{quote} i'm glad you didn't get carried away with the little pullback like others did.
Lol... is that some joke, Almo getting carried away? Meehn, that is some good trader and you don't expect him to get carried away easily like a newbie.

Well, over 130 pips down from the day's top. On a normal day N.Y. would just range and go up to shave off some of the losses on the pair. Shorting here is a no no. I expect 2753 area to happen this week. But not today. So some spikes can happen later. If I get good spikes I'll sell them.
  • #549,319
  • Sep 21, 2020 8:38am Sep 21, 2020 8:38am
some 15min view
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #549,320
  • Sep 21, 2020 8:46am Sep 21, 2020 8:46am
This pair is going straight down today. I ve done for today and the short this morning was with less risk considered with now. I would consider another short at 2840, tight stop 2880 aiming 2750
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