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Cable Update (GBPUSD)

  • #549,461
  • Sep 21, 2020 10:17pm Sep 21, 2020 10:17pm
Quoting Moty
{quote} Switched to short
I expect London to give us 1.2850 60 to short it
  • #549,462
  • Sep 21, 2020 10:59pm Sep 21, 2020 10:59pm
Quoting zhion
i will try anyone has a suggestion for a begginer like me ?
Here’s a secret that will take you years to figure out:

stay away from this place.
Focus.
  • #549,463
  • Sep 21, 2020 11:10pm Sep 21, 2020 11:10pm
This time I am not letting go the position until it rises above the bands
Attached Image (click to enlarge)
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yes yes yes
  • #549,464
  • Sep 21, 2020 11:20pm Sep 21, 2020 11:20pm
Quoting epzero
{quote} The two keys news tomorrow will be the market driver , one might make the pairs buy and the other sell it back down , so I think a buy first before a sell
i use naked charts

the zig zag there was from the screenshot tool i use so people like you that know nothing can understand something.

you are now been ignored.
offering my system to copy trade. check my link
  • #549,465
  • Sep 21, 2020 11:20pm Sep 21, 2020 11:20pm
Quoting Moty
This time I am not letting go the position until it rises above the bands {image}
Thats the strategy I plan to use for my exits, although I never stick to it . and its 200 MA, not 50.
  • #549,466
  • Sep 21, 2020 11:21pm Sep 21, 2020 11:21pm
waiting , time to break a previous low 1.2761 to for next 2511, best 1.2250 targets !if no much better 1.2075!
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #549,467
  • Sep 21, 2020 11:32pm Sep 21, 2020 11:32pm
Quoting OxyGen_FX
{quote} Hi nikosk, I trade by market structure as well, and a I also agree with you that after a big move the price action will be shit. I have the same support/resistance level as shown in your chart. The distance between each S/R is very large number of pips, which to me makes it hard to trade. Going Long has the best R:R, but that is risky considering we are having broadbase market sell-off.

hey mate, the sell off to me is only a mean reversion of the monthly now and weekly 2-3 weeks ago timeframes.

also i dont exactly use s/r , this is tho a topic for another thread
offering my system to copy trade. check my link
  • #549,468
  • Sep 21, 2020 11:41pm Sep 21, 2020 11:41pm
Quoting fontu
waiting , time to break a previous low 1.2761 to for next 2511, best 1.2250 targets !if no much better 1.2075! {image}
may I know sir, if 1.2761 not broken, then .....? what ? how? sir....?

Regards
ServerUang
  • #549,469
  • Sep 21, 2020 11:50pm Sep 21, 2020 11:50pm
Quoting ServerUang
{quote} may I know sir, if 1.2761 not broken, then .....? what ? how? sir....? Regards ServerUang
1.30 bro. first 1.2871
  • #549,470
  • Sep 21, 2020 11:53pm Sep 21, 2020 11:53pm
The price is retesting yesterday's low.
GBPUSD September in the Spotlight
Risk Management is of utmost importance!
  • #549,471
  • Sep 22, 2020 12:00am Sep 22, 2020 12:00am
Quoting Scotteyy
{quote} Thats the strategy I plan to use for my exits, although I never stick to it . and its 200 MA, not 50.
you can trade half posion with th 50 , and the other half with 200
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close up
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yes yes yes
  • #549,472
  • Sep 22, 2020 12:00am Sep 22, 2020 12:00am
BOE Gov Bailey Speaks in 30min
  • #549,473
  • Edited 12:33am Sep 22, 2020 12:10am | Edited 12:33am
Quoting ServerUang
{quote} may I know sir, if 1.2761 not broken, then .....? what ? how? sir....? Regards ServerUang
anything can be possible in forex , ok see the present pa , if any wrong , we have upper limit 2864 + as sl to run the trade till all targets may reach.
1.2668 another care just but not more important though!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 28 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #549,474
  • Edited 12:22am Sep 22, 2020 12:12am | Edited 12:22am
when you start losing money ?
when you go with cold strict rule .
not every abc correction is 50 % retracement .
so you need to be flexible .
this last abc correction move , not even get to the 38% zone , but i sold the new hourly low .
my tp is weekly s2 , i never try to trade further then weekly s2 or r2

Attached Image (click to enlarge)
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yes yes yes
  • #549,475
  • Sep 22, 2020 12:18am Sep 22, 2020 12:18am
I reckon GU will sell deep into US open. Boris to announce more COVID restrictions. Bad for currency. DXY still rocking above 93.7. Look for selling opportunities on XAUUSD and long opportunities on USDCAD
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  • #549,476
  • Sep 22, 2020 12:37am Sep 22, 2020 12:37am
Quoting okanemici
{quote} I expect London to give us 1.2850 60 to short it
I had to short it at a lower number but looking good. Tp 1.2690 and will long it from there.
  • #549,477
  • Sep 22, 2020 12:42am Sep 22, 2020 12:42am
G/M. Pullback from y/day's lo find res at the underside of the previously breeched dly asc t/line right athe last 1hr/4hr sw lo zone =prev supp=pot sbr...and has seen another leg down deeper into the wkly part of the prev dly/wkly sw hi zone = prev res = pot rbs which likely extends down to 2669, 23.6% downside ext of y/day's pip range @ the current lo with Dly S1 @/around there too. 92 pip move hi-lo so far - 70% 30day adr.
Trader with an Edge.
  • #549,478
  • Sep 22, 2020 12:45am Sep 22, 2020 12:45am
Quoting okanemici
{quote} I had to short it at a lower number but looking good. Tp 1.2690 and will long it from there.
exactly my thoughts
Attached Image (click to enlarge)
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yes yes yes
  • #549,479
  • Sep 22, 2020 12:47am Sep 22, 2020 12:47am
No real pull back yesterday. Might not see one today, although I still wanna sell more.
My TP is aroud 1.2640 - 1.2640 and if I see a reason on M15 - H1, IŽll try to long there with tiny SL.
Attached Image (click to enlarge)
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Markets will move to the right.
  • #549,480
  • Sep 22, 2020 12:54am Sep 22, 2020 12:54am
long.

stop 2711
Intraday only.
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