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Cable Update (GBPUSD)

  • #550,661
  • Sep 30, 2020 6:49pm Sep 30, 2020 6:49pm
Quoting Georginson
{quote} September closing price above 1.2900 has invalidated my bias of 1.2570 area. I do not have firm believe in the downward momentum anymore as September gave almost 250 pips retracement from Low. Please do not follow my bearish bias post as I'm now neutral for the short term but my medium term view is still focused on 1.3270 area in weeks ahead and 1.36 area in months ahead. The key lesson in my 13 years trading experience is to avoid overly Strong bias and stay in tune with what the market is trying to hide or tell you. Please trade with utmost...
Agree with staying in tune with what market is telling us. I have been working on this aspect this year
Compulsions can be hard to resist
  • #550,662
  • Sep 30, 2020 7:38pm Sep 30, 2020 7:38pm
MOVED TP TO DAILY R1 1.29696
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yes yes yes
  • #550,663
  • Sep 30, 2020 10:09pm Sep 30, 2020 10:09pm
Quoting Georginson
{quote} The price action will always stay in a range bound move suitable for Scalping after heavy and volatile fall from 1.3481 to 1.2674, it will take so many days for price to move away from this ranging environment... This ranging will take up to 10 - 26 trade days before VOLATILITY will return again. My view is for price to break the September Low of 1.2674 to 1.2600/1.2555 by early/mid October before strong and AGGRESSIVE rebound can be seen to 1.3270 in weeks ahead and 1.3660 in months ahead. I will be offline for few days in early October,...
I think we will be consolidating also, looks logical after such a fall.
Compulsions can be hard to resist
  • #550,664
  • Sep 30, 2020 10:14pm Sep 30, 2020 10:14pm
Price came back to attack yesterday high
Book me another 25$ for lakers leading at half time.
Easy money all the playoff on that bet.
Was in a 13 points behind in the 1st quarter.
Half ended with 17 lead for lakers
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yes yes yes
  • #550,665
  • Sep 30, 2020 11:33pm Sep 30, 2020 11:33pm
Next destination 1.29562
Hope that price goes down to 1.28613 before it goes there

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  • #550,666
  • Oct 1, 2020 12:27am Oct 1, 2020 12:27am
Quoting irfandbl
Next destination 1.29562 Hope that price goes down to 1.28613 before it goes there {image}
Yes it will go Back down to 1,2865
with patience
Make money by doing the opposite of Giveachance aka loser
  • #550,667
  • Oct 1, 2020 12:34am Oct 1, 2020 12:34am
  • #550,668
  • Oct 1, 2020 12:38am Oct 1, 2020 12:38am
Quoting nessus94
{quote} Yes it will go Back down to 1,2865 with patience
If London ever drives it down there today I am buying it with both hands.
  • #550,669
  • Oct 1, 2020 12:44am Oct 1, 2020 12:44am
Quoting Georginson
{quote} September closing price above 1.2900 has invalidated my bias of 1.2570 area. I do not have firm believe in the downward momentum anymore as September gave almost 250 pips retracement from Low. Please do not follow my bearish bias post as I'm now neutral for the short term but my medium term view is still focused on 1.3270 area in weeks ahead and 1.36 area in months ahead. The key lesson in my 13 years trading experience is to avoid overly Strong bias and stay in tune with what the market is trying to hide or tell you. Please trade with utmost...
The new month started as a buy to form wick after which it will start falling, are you sure you know the meaning of swing trading? because one minute you are so sure of a sell and the next minute your sorry, if truly you have people following your post and they are trapped in a sell because of what you said few days ago what then happens if the accept their losses follow the buy and market start selling??
  • #550,670
  • Oct 1, 2020 12:52am Oct 1, 2020 12:52am
Yes yes yes!!!
Yesterday high is broken
yes yes yes
  • #550,671
  • Edited 1:06am Oct 1, 2020 12:55am | Edited 1:06am
Quoting epzero
{quote} The new month started as a buy to form wick after which it will start falling, are you sure you know the meaning of swing trading? because one minute you are so sure of a sell and the next minute your sorry, if truly you have people following your post and they are trapped in a sell because of what you said few days ago what then happens if the accept their losses follow the buy and market start selling??
Epzero, I think everybody on this board is supposed to be an adult. He made his position known and had reasons for it, now those reasons are no longer valid and he also made it known, what is the problem with that? He was bold enough to make his trades known. Moreover the trade at 2900 initially gave over 80 pips profit, yes, 80 pips when price fell to 2814. A wise trader should have banked some and moved SL entry/profit for the ones left.

I believe you have good intentions with your posts, however, they usually come across as caustic to me. Even you, yes, you take losses sometimes or hedge or whatever it is you like to do when trades don't go your way. Nobody here is some superhuman. I personally consistently raise $3 accounts to $50 and more with 1:1000 leverage and trading 0.01 lot But I can also tell you that there are times when, even with my experience, I lose the $3 two or three times in a row.

It is all about sharing experience, not some superhuman status.
  • #550,672
  • Oct 1, 2020 1:04am Oct 1, 2020 1:04am
Quoting Moty
Yes yes yes!!! Yesterday high is broken
Gogogo.. Haha
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  • #550,673
  • Oct 1, 2020 1:06am Oct 1, 2020 1:06am
1.302x area will be interesting for me to go short with TP at least 200 to 400 pips drop
  • #550,674
  • Oct 1, 2020 1:06am Oct 1, 2020 1:06am
Quoting Mitiblotch
{quote} If London ever drives it down there today I am buying it with both hands.
london is very good to spike up

2860/88 is an area to be touched again
COT: The precious data ignored
  • #550,675
  • Oct 1, 2020 1:12am Oct 1, 2020 1:12am
Quoting Mitiblotch
{quote} Epzero, I think everybody on this board is supposed to be an adult. He made his position known and had reasons for it, now those reasons are no longer valid and he also made it known, what is the problem with that? He was bold enough to make his trades known. Moreover the trade at 2900 initially gave over 80 pips profit, yes, 80 pips when price fell to 2814. A wise trader should have banked some and moved SL entry/profit for the ones left. I believe you have good intentions with your posts, however, they usually come across as caustic to...
He is saying he is wrong now only because market went against and soon he will come with a bias and tell us he is 100 percent sure. We all know the month will pullback after a huge fall from the begin of sept but that doesn't mean the new month will buy all the way up to 1.34, it will only form wick and maybe continue selling again.
  • #550,676
  • Edited 2:06am Oct 1, 2020 1:12am | Edited 2:06am
GU looking to target 1.3020s that's a Medium Term good positioning for bears. Only a base above there may change this fact.
On downside, a base below 1.29 necessary to target 1.28 down to 1.2750s that if price bases below, weakness will extend quickly.

This is Medium Term Analysis

*My bad, GU have to clear 1.2950 first.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #550,677
  • Oct 1, 2020 1:15am Oct 1, 2020 1:15am
Quoting kuroro001
{quote} london is very good to spike up 2860/88 is an area to be touched again
Thanks mate. Let's make those pips.
  • #550,678
  • Oct 1, 2020 1:22am Oct 1, 2020 1:22am
Due to the Biden and Trump debate, Biden said that Trump lied in the debate. USD will be weak during the election.
The Average Discount Everything
  • #550,679
  • Oct 1, 2020 1:30am Oct 1, 2020 1:30am
Quoting hesron
Due to the Biden and Trump debate, Biden said that Trump lied in the debate. USD will be weak during the election.
what about brexit and what it can do to pounds?
  • #550,680
  • Oct 1, 2020 1:31am Oct 1, 2020 1:31am
Quoting hesron
Due to the Biden and Trump debate, Biden said that Trump lied in the debate. USD will be weak during the election.
That would be nice because I'm long
I have no clue where it's going
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