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Cable Update (GBPUSD)

  • #550,421
  • Sep 29, 2020 7:10am Sep 29, 2020 7:10am
Quoting Moty
gu very confusing today , gj more clearer {image} {image}
gu likely to go down today to test S1 minimum
Intraday only.
  • #550,422
  • Sep 29, 2020 7:20am Sep 29, 2020 7:20am
Quoting navk
{quote} gu likely to go down today to test S1 minimum
higher chance for a breakup
crooks are accumulating orders.
the trend is still up
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yes yes yes
  • #550,423
  • Sep 29, 2020 7:21am Sep 29, 2020 7:21am
Quoting Moty
{quote} higher chance for a breakup {image}
check pivot point and open line.
Intraday only.
  • #550,424
  • Sep 29, 2020 7:28am Sep 29, 2020 7:28am
Quoting Moty
{quote} higher chance for a breakup crooks are accumulating orders. the trend is still up {image}
As for now this is correct
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #550,425
  • Sep 29, 2020 7:29am Sep 29, 2020 7:29am
all eyes on 1.28650 if valid, the buy goes otherwise down
Keep the Lights on then you can catch the rise from the dark.
  • #550,426
  • Sep 29, 2020 7:34am Sep 29, 2020 7:34am
Quoting shahab8b
GU broke its downtrend TL and R @ 1.28. The next R @ 1.30. {image}
GU, long trade based on the setup posted https://www.forexfactory.com/thread/...4#post13187664
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  • #550,427
  • Sep 29, 2020 7:35am Sep 29, 2020 7:35am
Quoting navk
{quote} check pivot point and open line.
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yes yes yes
  • #550,428
  • Sep 29, 2020 7:56am Sep 29, 2020 7:56am
Cable might go up after the correction has finished

same scenario on EURGBP going up because (c) wave of abc correction not finished, later maybe down when the abc correction is done

always question a correction with a single swing

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Follow The Markets Structure - Patience and Discipline
  • #550,429
  • Sep 29, 2020 8:11am Sep 29, 2020 8:11am
Quoting pipfarm
Cable might go up after the correction has finished same scenario on EURGBP going up because (c) wave of abc correction not finished, later maybe down when the abc correction is done always question a correction with a single swing {image} {image}
The EURGBP count was clear. I traded it to the pips. But GU is tricky. Your count is very bullish atm. But You had a very bearish count on Friday.

Nothing against that bullish count though, that triangle is a b wave anyway. If you count wave a from the drop as you did, then 1.28-1.2775 is a buy for a long trade
Attached Image(s) (click to enlarge)
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  • #550,430
  • Edited 8:36am Sep 29, 2020 8:19am | Edited 8:36am
Quoting shahab8b
{quote} The EURGBP count was clear. I traded it to the pips. But GU is tricky. Your count is very bullish atm. But You had a very bearish count on Friday.
Yes i had bearish count Friday so long as the new 4H swing down confirmed then i would of sold the rallies but as it happened cable went into a larger degree correction so i did not trade.

Today even though cable looks bullish , it is still corrective as its going against the daily swing, so in effect the whole 4h swing is a bullish correction to the daily down trend, that may change if the daily breaks resistance and turns bullish then we know its a reversal and will trade accordingly.

As for the current short term scenario , we are both on the same page.
Follow The Markets Structure - Patience and Discipline
  • #550,431
  • Sep 29, 2020 8:22am Sep 29, 2020 8:22am
Quoting Moty
{quote} {image}{image}
tested daily pivot. Now it needs to go up to test R1.

IF PA fails at pivot, then probably S1
Intraday only.
  • #550,432
  • Sep 29, 2020 8:22am Sep 29, 2020 8:22am
Quoting pipfarm
{quote} Yes i had bearish count Friday so long as the new 4H swing down confirmed then i would of sold the rallies but as it happened cable went into a larger degree correction so i did not trade. Today even though cable looks bullish , it is still corrective as its going against the daily swing, so in effective what looks bullish is actually a bearish correction at the moment
yea, I was exchanging ideas. let's see how it unfolds.
  • #550,433
  • Sep 29, 2020 8:23am Sep 29, 2020 8:23am
up up and away we go
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yes yes yes
  • #550,434
  • Sep 29, 2020 8:25am Sep 29, 2020 8:25am
Quoting HBN08
hey bros Entered Long Expecting some sideways 1.28400 to 1.28800 Might be wrong Good trades guys {image}
I would risk to say "pin point" view today.
Lets see if it go back to 1.28700
Rest of good trades guys
  • #550,435
  • Sep 29, 2020 8:27am Sep 29, 2020 8:27am
Quoting pipfarm
{quote} Yes i had bearish count Friday so long as the new 4H swing down confirmed then i would of sold the rallies but as it happened cable went into a larger degree correction so i did not trade. Today even though cable looks bullish , it is still corrective as its going against the daily swing, so in effective what looks bullish is actually a bearish correction at the moment As for the current short term scenario , we are both on the same page.
Well, I guess, I might have gone long a bit early. But that's OK, I will take another shot if it drops to 1.2775-1.28.
  • #550,436
  • Sep 29, 2020 8:40am Sep 29, 2020 8:40am
Might be sideways today but still expecting 93.800/850
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  • #550,437
  • Sep 29, 2020 8:44am Sep 29, 2020 8:44am
EDIT: QM Pattern

5min scalp

Fingers crossed
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Ask and you look stupid for 5 minutes. Don't ask and stay stupid forever.
  • #550,438
  • Sep 29, 2020 8:48am Sep 29, 2020 8:48am
Quoting shahab8b
{quote} Well, I guess, I might have gone long a bit early. But that's OK, I will take another shot if it drops to 1.2775-1.28.

Its more a question for me of what shape the correction will take, we can see now the EURGBP is a sharp abc , will cable be the same? or more of a sideways correction, will only know when the c wave ends, so you might well be positioned well
Follow The Markets Structure - Patience and Discipline
  • #550,439
  • Sep 29, 2020 8:51am Sep 29, 2020 8:51am
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yes yes yes
  • #550,440
  • Sep 29, 2020 8:54am Sep 29, 2020 8:54am
i made 39 pips out of scalping, i think i was more then 100 pips against me total.

pa is suck.

when the debate? want to watch how dxy react..
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