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Cable Update (GBPUSD)

  • #550,741
  • Oct 1, 2020 4:31am Oct 1, 2020 4:31am
Quoting Mitiblotch
{quote} I sold 2942 and put only 40 pips TP only to see price fell over 100 pips. Oh.... I feel like beating myself. Lol...
Always stick to the plan...doesnt matter if you leave more profit on the table.
Twitter: Rummer_grapes
  • #550,742
  • Oct 1, 2020 4:32am Oct 1, 2020 4:32am
Quoting hesron
{quote} We can't do anything else if Brexit news comes up with deal failure, like this time .... would be very bad news for GBP
exactly what i was telling you few hours ago before the sell, lots of buyers got carried away yesterday
  • #550,743
  • Oct 1, 2020 4:33am Oct 1, 2020 4:33am
the lower wick isn't bullish ,look at the body
you can't say its bullish at all
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #550,744
  • Oct 1, 2020 4:33am Oct 1, 2020 4:33am
Attached Image (click to enlarge)
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yes yes yes
  • #550,745
  • Oct 1, 2020 4:36am Oct 1, 2020 4:36am
Quoting genghistar
Long all in @12825 with stoplosss@12765. Tp@13025 Cheers
If below 1.28 the long is already dead. At this moment I'm looking how the pair reacts. If in less of 5 hours it is not engaging to the upside, It's a fail of my expectation.

Good luck Sir
Let the market decide
  • #550,746
  • Oct 1, 2020 4:37am Oct 1, 2020 4:37am
Quoting harold1
{quote} im trying to get your ranges as per period of time... its thursday already and GU is still lacking of 60+ pips from its weekly ranges of 270+. now its on the middle of its range.. what do you think?
why do you guys still seek advise from him, someone who gave up on the sell just when the market was about to start selling simply because of a little buy that was normal to form monthly wick? I always question his analysis not because i hate him but because he get things wrong all the time, a swing trader shouldn't be affect by a few 100pips drawn down if he is sure of the market overall direction.
  • #550,747
  • Oct 1, 2020 4:41am Oct 1, 2020 4:41am
the way to look at cable is
it's range without much doubt ,but likely to go lower medium term.
no good can come from the walk back of the treaty ,this story itself is bearish until the final hurdle ,if it works
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #550,748
  • Oct 1, 2020 4:41am Oct 1, 2020 4:41am
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??
Hope you can start thinking of how to trade a normal daily trade and leave swing trading because you doesn't help you, just when you gave up on the sell it started
  • #550,749
  • Oct 1, 2020 4:42am Oct 1, 2020 4:42am
hmm
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be patient
  • #550,750
  • Edited 4:58am Oct 1, 2020 4:43am | Edited 4:58am
DXY = UP, EURGBP = UP, EURUSD = UP, NO DEAL NEWS BREXIT COMING = GBP WEAK , EURO = STRONG

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The Average Discount Everything
  • #550,751
  • Oct 1, 2020 4:45am Oct 1, 2020 4:45am
Long trade entered, let see...
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  • #550,752
  • Oct 1, 2020 4:53am Oct 1, 2020 4:53am
Still on the short side...its too high

Attached Image
COT: The precious data ignored
  • #550,753
  • Oct 1, 2020 5:00am Oct 1, 2020 5:00am
Quoting MondumaFx
{quote} If below 1.28 the long is already dead. At this moment I'm looking how the pair reacts. If in less of 5 hours it is not engaging to the upside, It's a fail of my expectation. Good luck Sir
You maybe right but I don't think I can agree with you that sub 12800 is the bearish sign. My level is like I have stated is 12769.

Cheers,
  • #550,754
  • Oct 1, 2020 5:02am Oct 1, 2020 5:02am
Quoting kuroro001
Still on the short side...its too high {image}
scalp it's better
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yes yes yes
  • #550,755
  • Oct 1, 2020 5:04am Oct 1, 2020 5:04am
Quoting Moty
{quote} scalp it's better {image}
Scalp i dont like, i do it for fun on small account

but on the big one i look at the big moves, i sleep better

Price is rising again on low volume....waiting and another good opportunity to short
COT: The precious data ignored
  • #550,756
  • Oct 1, 2020 5:11am Oct 1, 2020 5:11am
Quoting hesron
{quote} We can't do anything else if Brexit news comes up with deal failure, like this time .... would be very bad news for GBP .... https://www.forexfactory.com/news/10...-aid-in-crunch https://www.youtube.com/watch?v=4Uw8EcNmLC4
The reason for the buy yesterday was because lots of sellers pulled out to sell at higher prices the sell will continue and even go lower , no news is good for Gbp so it will surely fall in the long run
  • #550,757
  • Oct 1, 2020 5:12am Oct 1, 2020 5:12am
Quoting kuroro001
{quote} Scalp i dont like, i do it for fun on small account but on the big one i look at the big moves, i sleep better Price is rising again on low volume....waiting and another good opportunity to short
I’m with you on this view
  • #550,758
  • Oct 1, 2020 5:18am Oct 1, 2020 5:18am
Quoting kuroro001
{quote} Scalp i dont like, i do it for fun on small account but on the big one i look at the big moves, i sleep better Price is rising again on low volume....waiting and another good opportunity to short
yes , i see what you mean.
i will sell new hourly low .
for now i am long to the pivot line , risking 12 $ for potential 124 $ profit
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yes yes yes
  • #550,759
  • Oct 1, 2020 5:35am Oct 1, 2020 5:35am
I cut my losses, I have opened buy usdchf @ 0.91715 because will retest 0.9240 in my opinion the bulls have not spoken their last word.
Let the market decide
  • #550,760
  • Oct 1, 2020 5:37am Oct 1, 2020 5:37am
Quoting Mitiblotch
{quote} I sold 2942 and put just 40 pips TP only to see price fell over 100 pips. Oh.... I feel like beating myself. Lol... But profit is profit anyway.
was a great trade
Let the market decide
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