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Cable Update (GBPUSD)

  • #549,961
  • Sep 24, 2020 2:31pm Sep 24, 2020 2:31pm
Daily too elevated to take mid term longs

Still waiting for lower prices

Attached Image
COT: The precious data ignored
  • #549,962
  • Sep 24, 2020 2:36pm Sep 24, 2020 2:36pm
Quoting Georginson
{quote} I very much agree with you on this... I see 1.2680 area as possible in days ahead which will present a good buying opportunity for this month only... My weekly trade switched to sell at 1.2950 area for 1.2750 target.
Having said this couple of days ago when price was trading at 1.2980 area and price eventually attained the projected 1.2680 at 1.2674 area.
Do not expect price to break below 1.26 this September. Any drop to 1.2690/1.2710 should be met with a buy to 1.2775/1.2800 area.

Trade with caution.
Data + Stat + Risk/Emotions Management
  • #549,963
  • Sep 24, 2020 2:58pm Sep 24, 2020 2:58pm
I shorted 1.277 four times in total yesterday and today. Sort of a groundhog day.

EUR, GBP, JPY, gold, Dow, S&P all look to close near opening prices, after consolidating for a day or longer. Tomorrow I expect action.
  • #549,964
  • Sep 24, 2020 3:15pm Sep 24, 2020 3:15pm
Target for tommorow 1.28170
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yes yes yes
  • #549,965
  • Sep 24, 2020 4:10pm Sep 24, 2020 4:10pm
Pound showing some support, but could possibly fall a bit further

USD hitting it's head on resistance and Trend line
Attached Image(s) (click to enlarge)
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Compulsions can be hard to resist
  • #549,966
  • Sep 24, 2020 6:36pm Sep 24, 2020 6:36pm
Quoting trumps
Pound showing some support, but could possibly fall a bit further USD hitting it's head on resistance and Trend line {image} {image}
You think that short line means anything against that too the pip engulf tl ?
Its not even a line that was respected in the first place.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #549,967
  • Sep 24, 2020 6:44pm Sep 24, 2020 6:44pm
Quoting Bones
{quote} You think that short line means anything against that too the pip engulf tl ? Its not even a line that was respected in the first place.
Trade what you see bones
Its all I'm doing
Compulsions can be hard to resist
  • #549,968
  • Sep 24, 2020 6:50pm Sep 24, 2020 6:50pm
There is more to trading than trendline on their own.
I see the big monthly sell spike from March
A trendline respected on daily and weekly tf's
And resistance just above.

Just analysis,take it or leave it.

Sometimes WE are right
Sometimes WE are wrong.
Compulsions can be hard to resist
  • #549,969
  • Sep 24, 2020 6:56pm Sep 24, 2020 6:56pm
Quoting trumps
There is more to trading than trendline on their own. I see the big monthly sell spike from March A trendline respected on daily and weekly tf's And resistance just above. Just analysis,take it or leave it. Sometimes WE are right Sometimes WE are wrong.
Yes,
“It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.” George Soros
  • #549,970
  • Sep 24, 2020 7:22pm Sep 24, 2020 7:22pm
Quoting shahab8b
{quote} Yes, “It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.” George Soros
That's true, talking of risk/reward.
Compulsions can be hard to resist
  • #549,971
  • Sep 24, 2020 8:07pm Sep 24, 2020 8:07pm
Quoting trumps
There is more to trading than trendline on their own. I see the big monthly sell spike from March A trendline respected on daily and weekly tf's And resistance just above. Just analysis,take it or leave it. Sometimes WE are right Sometimes WE are wrong.
And monthly GU support just below
Compulsions can be hard to resist
  • #549,972
  • Sep 24, 2020 8:18pm Sep 24, 2020 8:18pm
  • #549,973
  • Sep 24, 2020 8:22pm Sep 24, 2020 8:22pm
Quoting shahab8b
{quote} Yes, “It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.” George Soros
when right make 1000 bucks.

when wrong loose 100 bucks.
Intraday only.
  • #549,974
  • Sep 24, 2020 8:45pm Sep 24, 2020 8:45pm
An up move is building up.
Will be buying soon.
Patience.....
  • #549,975
  • Sep 24, 2020 8:53pm Sep 24, 2020 8:53pm
Quoting navk
{quote} when right make 1000 bucks. when wrong loose 100 bucks.
What's your take on the pair today mate?
  • #549,976
  • Sep 24, 2020 9:33pm Sep 24, 2020 9:33pm
Quoting larrychew
{quote} What's your take on the pair today mate?
should be up.

idea would be buy the lows around 2700
Intraday only.
  • #549,977
  • Sep 24, 2020 9:40pm Sep 24, 2020 9:40pm
Quoting Fredo219
An up move is building up. Will be buying soon.
Bought now, 1.29
Patience.....
  • #549,978
  • Sep 24, 2020 9:41pm Sep 24, 2020 9:41pm
buy below 2740.

stop 2700
Intraday only.
  • #549,979
  • Sep 24, 2020 10:39pm Sep 24, 2020 10:39pm
Attached Image (click to enlarge)
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yes yes yes
  • #549,980
  • Sep 24, 2020 11:01pm Sep 24, 2020 11:01pm
Quoting trumps
There is more to trading than trendline on their own. I see the big monthly sell spike from March A trendline respected on daily and weekly tf's And resistance just above. Just analysis,take it or leave it. Sometimes WE are right Sometimes WE are wrong.
I don't think thats a realistic saying
On-site guru & also FF member's' psychiatrist, when not drinking tea
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