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Cable Update (GBPUSD)

  • #549,641
  • Sep 23, 2020 1:39am Sep 23, 2020 1:39am
Let see if will break pivot or not SL+ already
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  • #549,642
  • Sep 23, 2020 1:48am Sep 23, 2020 1:48am
Quoting epzero
{quote} we need to kill the buy mentally , this is exactly what happened in march, we should be selling the rally. DXY has broken a key price so cable has more room to the down side.
Great thought!!!!
Keep the Lights on then you can catch the rise from the dark.
  • #549,643
  • Sep 23, 2020 1:49am Sep 23, 2020 1:49am
Wave 3 in this ABC korection ?

If we take a look at some season data, September looks often red
  • #549,644
  • Sep 23, 2020 1:55am Sep 23, 2020 1:55am
Quoting Moty
And it's go time. Short position is running. Entry 1.27106 Sl 1.27300 Tp 1.26200 Will trail stop it on every hourly close {image}
Houston, we might have a problem.
126793 is weekly , and currently support the price.
I am tiding my sl
1.27120
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yes yes yes
  • #549,645
  • Sep 23, 2020 2:01am Sep 23, 2020 2:01am
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When they will stir the pot?!?
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Maadik Hugiis. IQ 69.
  • #549,646
  • Sep 23, 2020 2:11am Sep 23, 2020 2:11am
so many news today, caution mode activated
  • #549,647
  • Sep 23, 2020 2:12am Sep 23, 2020 2:12am
I am out!!
I don't like it
Diversion is everywhere
Switched to long
1.26900
Sl 1.26700
yes yes yes
  • #549,648
  • Sep 23, 2020 2:23am Sep 23, 2020 2:23am
Quoting Moty
I am out!! I don't like it Diversion is everywhere Switched to long 1.26900 Sl 1.26700
Long looks very risky atm to me - why not stay out and let London settle down first and let it develop? Rgds, Angus
  • #549,649
  • Sep 23, 2020 2:34am Sep 23, 2020 2:34am
Quoting adc
{quote} Long looks very risky atm to me - why not stay out and let London settle down first and let it develop? Rgds, Angus
Daili s1 and weekly s2 , 1.26800-1.26900 area
Tp daily pivot 1.27700
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yes yes yes
  • #549,650
  • Sep 23, 2020 2:35am Sep 23, 2020 2:35am
Quoting Moty
I am out!! I don't like it Diversion is everywhere Switched to long 1.26900 Sl 1.26700
too many news so market is unstable
  • #549,651
  • Sep 23, 2020 2:37am Sep 23, 2020 2:37am
Quoting Moty
I am out!! I don't like it Diversion is everywhere Switched to long 1.26900 Sl 1.26700
not until the ship belts buyers wont come in.

just the normal scary movie IMO
Keep the Lights on then you can catch the rise from the dark.
  • #549,652
  • Sep 23, 2020 2:53am Sep 23, 2020 2:53am
A strong advise to buy here at 1.2690 and target 1.2810...

Monthly range already 803 pips, weekly now 287 pips...

This isn't dropping below 1.26. risk reward favours buying.

After a bounce to 1.2850 area, expect new round of selling to 1.2480 area in October as far as 1.2884 is not broken.
Data + Stat + Risk/Emotions Management
  • #549,653
  • Sep 23, 2020 2:54am Sep 23, 2020 2:54am
so same as before , a bounce possible arounds 2668/ 2600 for limit again 2864 before continue down , any way carry out down! others may go off on mode !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #549,654
  • Sep 23, 2020 2:59am Sep 23, 2020 2:59am
Quoting Georginson
A strong advise to buy here at 1.2690 and target 1.2810... Monthly range already 803 pips, weekly now 287 pips... This isn't dropping below 1.26. risk reward favours buying.
Completely understand, but I see the opposite I think prices might go as low as 1.2284 atleast.
  • #549,655
  • Sep 23, 2020 3:03am Sep 23, 2020 3:03am
Quoting Boiccoy
{quote} Completely understand, but I see the opposite I think prices might go as low as 1.2284 atleast.
1.2284 is definitely not this September
Data + Stat + Risk/Emotions Management
  • #549,656
  • Sep 23, 2020 3:06am Sep 23, 2020 3:06am
G/M. Another leg down to 2679 current dly lo in that prev 4hr sw lo zone=prev supp=pot supp to 2673 with mthly s3, dly s1 just below it....and deeper in that prev wkly sw hi zone =prev res=pot supp to 2669. All 20/50/100 ema's crossed down 5min - 4hr, daily remain crossed up but lag it's classic PA downtrend now with 2 XLH's and a LL -not fractal yet but will be @ a LL.

51% 30 day adr so far today, 107% 13 wk awr so far this week, and 134% 3mth amr so far this month travelled by price.
Trader with an Edge.
  • #549,657
  • Sep 23, 2020 3:14am Sep 23, 2020 3:14am
Quoting Georginson
A strong advise to buy here at 1.2690 and target 1.2810... Monthly range already 803 pips, weekly now 287 pips... This isn't dropping below 1.26. risk reward favours buying. After a bounce to 1.2850 area, expect new round of selling to 1.2480 area in October as far as 1.2884 is not broken.

i can you compare 25350/25850 which has been the only known base line and the monthly range in which their could be a slight shift. Understand that equilibrium prices have been known to skew when the need arise. So 26 zone cant be the categorical bus stop
Keep the Lights on then you can catch the rise from the dark.
  • #549,658
  • Sep 23, 2020 3:18am Sep 23, 2020 3:18am
Quoting Moty
I am out!! I don't like it Diversion is everywhere Switched to long 1.26900 Sl 1.26700
Hi moty, based on my experience i dont trust divergence in timeframes that are not H4 or D1. They work pretty well. I dont trust the others, but doesnt mean that they dont work, but as i said, based on my experience, they dont are strong as h4 or d1 and they can last for a lot of time.
Twitter: Rummer_grapes
  • #549,659
  • Sep 23, 2020 3:18am Sep 23, 2020 3:18am
Quoting Georginson
{quote} 1.2284 is definitely not this September
Definitely, we might reach 1.2600 this week and further.
  • #549,660
  • Sep 23, 2020 3:22am Sep 23, 2020 3:22am
Quoting Boiccoy
{quote} Definitely, we might reach 1.2600 this week and further.
dont count on it..not further
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