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Cable Update (GBPUSD)

  • #549,721
  • Sep 23, 2020 7:39am Sep 23, 2020 7:39am
Quoting Georginson
{quote} Same thought as yours Trumps, price will not end below 1.26 this September.
We have to be careful of ambiguous statements, so it goes 1.2 then close 1.2602 you are right or wrong,
you could make that other statement as defiantly, but I'm thinking thats not the time with minus 800 in sept already.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #549,722
  • Sep 23, 2020 7:44am Sep 23, 2020 7:44am
Right now with cable at 1.2730 it's trading in no mans land for me.

If it closes ABOVE 1.2750 on the hourly I may take a long up to 1.2800 but I'm still favoring shorts below the 1.28 level.
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...because you never know - until you do!
  • #549,723
  • Sep 23, 2020 7:45am Sep 23, 2020 7:45am
Quoting Bones
{quote} We have to be careful of ambiguous statements, so it goes 1.2 then close 1.2602 you are right or wrong, you could make that other statement as defiantly, but I'm thinking thats not the time with minus 800 in sept already.
Bones, fx is strange sometimes but there are many factors that make price respect certain levels.

From my point of view, price will not drop below 1.26 this September.

I may be wrong but the chances of break below 1.26 is extremely marginal.
Data + Stat + Risk/Emotions Management
  • #549,724
  • Sep 23, 2020 7:58am Sep 23, 2020 7:58am
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yes yes yes
  • #549,725
  • Sep 23, 2020 8:00am Sep 23, 2020 8:00am
Quoting Georginson
{quote} Wait and see Bones... Just a week left to end this September
You could be right but nothing is for certain in the markets.

I'm wrong all the time.
  • #549,726
  • Sep 23, 2020 8:00am Sep 23, 2020 8:00am
Quoting gatenio
imo it wont fall before another retest of 1.2745, i think it will break it, cant tell how far..
thanks..
1.27461 will be a problem oh h1 now.. must to break it.
  • #549,727
  • Sep 23, 2020 8:16am Sep 23, 2020 8:16am
Quoting Georginson
{quote} Bones, fx is strange sometimes but there are many factors that make price respect certain levels. From my point of view, price will not drop below 1.26 this September. I may be wrong but the chances of break below 1.26 is extremely marginal.
i agree, imo weekly close above 1.2777, 2 day to go.
this a crucial price, then the gate up is open.

below it, it can fall hard, but with the election knocking on the door, can't see it happen. so just long it.
  • #549,728
  • Sep 23, 2020 8:33am Sep 23, 2020 8:33am
Bears could respond from here.
Price Decision Zone still yet to be completely taken by bulls.
Trade with caution for bulls overall trend still shows a bearish tone.
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Keep the Lights on then you can catch the rise from the dark.
  • #549,729
  • Sep 23, 2020 8:47am Sep 23, 2020 8:47am
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yes yes yes
  • #549,730
  • Sep 23, 2020 8:55am Sep 23, 2020 8:55am
Quoting Bones
{quote} That 4th level you have is gone like a puff of smoke ,now you can join the bear camp ?
Yes now I will def join the bear camp haha
  • #549,731
  • Sep 23, 2020 9:07am Sep 23, 2020 9:07am
Quoting gatenio
{quote} i agree, imo weekly close above 1.2777, 2 day to go. this a crucial price, then the gate up is open. below it, it can fall hard, but with the election knocking on the door, can't see it happen. so just long it.
Risk reward favours buying ... I know there will be some fear for buyers if price touches 1.2680 area again which will give opportunity to load more buy...

1.26 should hold this September, which may be followed up with some consolidation between 1.26 - 1.28 level to see this month to an end before October will have another say entirely.
Data + Stat + Risk/Emotions Management
  • #549,732
  • Sep 23, 2020 9:14am Sep 23, 2020 9:14am
forming head and shoulder pattern in m5
be patient
  • #549,733
  • Sep 23, 2020 9:27am Sep 23, 2020 9:27am
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yes yes yes
  • #549,734
  • Sep 23, 2020 9:29am Sep 23, 2020 9:29am
...a by product of y/day's big pip range re the calc but price has not bothered the DP only Dly S1 where it saw the bounce at today's current lo. So far today only 64% of 30 day adr travelled. Price back in that prev congestion zone 5min-30min. Wkly below.
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Trader with an Edge.
  • #549,735
  • Sep 23, 2020 9:48am Sep 23, 2020 9:48am
Quoting Georginson
{quote} Risk reward favours buying ... I know there will be some fear for buyers if price touches 1.2680 area again which will give opportunity to load more buy... 1.26 should hold this September, which may be followed up with some consolidation between 1.26 - 1.28 level to see this month to an end before October will have another say entirely.
1.28 top? ranging 200? no..
  • #549,736
  • Sep 23, 2020 10:00am Sep 23, 2020 10:00am
Quoting gatenio
{quote} 1.28 top? ranging 200? no..
I don't understand the question.
Data + Stat + Risk/Emotions Management
  • #549,737
  • Sep 23, 2020 10:00am Sep 23, 2020 10:00am
Where are the US Index charts NOW?!?
Attached Image

MOVING EG ...
Maadik Hugiis. IQ 69.
  • #549,738
  • Sep 23, 2020 10:04am Sep 23, 2020 10:04am
Quoting Georginson
{quote} I don't understand the question.
retoric questions.. and answer.
never mind
  • #549,739
  • Sep 23, 2020 10:06am Sep 23, 2020 10:06am
Quoting MoneyZilla
Where are the US Index charts NOW?!? {image} MOVING EG ...
Money, here you have it...
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Always trade your own plan...I don't provide trading signals.
  • #549,740
  • Sep 23, 2020 10:10am Sep 23, 2020 10:10am
Quoting Coreg2004
{quote} Money, here you have it... {image}
can you publish e-wave for gu?
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