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Cable Update (GBPUSD)

  • #554,761
  • Oct 25, 2020 5:47pm Oct 25, 2020 5:47pm
My buy went south..

Now let see if we can get a test of the zone to continue the sell.
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Le$$ I$ More
  • #554,762
  • Oct 25, 2020 8:08pm Oct 25, 2020 8:08pm
Quoting Arief-
60 pips risk if wave4 drop to golden ratio {image}
Save 45 pips risk
I'm Long now Entry 1.3028 SL 1.3012
I will not take a bigger risk if the price hits 1.3012
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Thanks for support & goodluck to you, peace..
  • #554,763
  • Edited 8:38pm Oct 25, 2020 8:22pm | Edited 8:38pm
38 /88 pips , risk/reward trade
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yes yes yes
  • #554,764
  • Oct 25, 2020 9:00pm Oct 25, 2020 9:00pm
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yes yes yes
  • #554,765
  • Oct 25, 2020 9:39pm Oct 25, 2020 9:39pm
Quoting Moty
{image}
May i sugest to you? I see your strategy is perfect but your money managamenet so bad. But i respect to you. I hope you can be learning about that day by day.

Good job and i hope you can make more money. Hahah
  • #554,766
  • Oct 25, 2020 10:40pm Oct 25, 2020 10:40pm
Quoting Roszey
My buy went south.. Now let see if we can get a test of the zone to continue the sell. {image}
Maybe a reversal later?
I will tear the world apart for you.
  • #554,767
  • Oct 25, 2020 11:08pm Oct 25, 2020 11:08pm
End of month, not excited to trade. Price only ranging, maybe will only trade scalp
Next month will be more interesting (Monthly Chart )
Attached Image (click to enlarge)
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  • #554,768
  • Oct 26, 2020 12:43am Oct 26, 2020 12:43am
Quoting Barnell
{quote} Maybe a reversal later?
Why are staying and hoping?
Just get out and wait for a reversal.
Price is under the band and descending trend linand we got lower highs and lows
Friday's low is going to break at fo or lo
Attached Image (click to enlarge)
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yes yes yes
  • #554,769
  • Oct 26, 2020 12:46am Oct 26, 2020 12:46am
Inserted Video
  • #554,770
  • Oct 26, 2020 12:52am Oct 26, 2020 12:52am
Buy limit 12985
SL 12915
TP 13185

Cheers
  • #554,771
  • Oct 26, 2020 1:03am Oct 26, 2020 1:03am
Quoting Moty
{quote} Why are staying and hoping? Just get out and wait for a reversal. Price is under the band and descending trend linand we got lower highs and lows Friday's low is going to break at fo or lo {image}
I hope you are right, as I short at 1.3049. Lets see FO or LO can pressure down.
Please watch out for 1.3000, psychological number, as it may bounce.

Attached Image (click to enlarge)
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  • #554,772
  • Oct 26, 2020 1:09am Oct 26, 2020 1:09am
Quoting Moty
{quote} Why are staying and hoping? Just get out and wait for a reversal. Price is under the band and descending trend linand we got lower highs and lows Friday's low is going to break at fo or lo {image}
I'm already not in cable...my post was a reply..
I will tear the world apart for you.
  • #554,773
  • Oct 26, 2020 1:16am Oct 26, 2020 1:16am
I am trailing the stop on last hourly high
and will re enter when it break last hourly low.
yes yes yes
  • #554,774
  • Oct 26, 2020 1:28am Oct 26, 2020 1:28am
hi. my opinion
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  • #554,775
  • Oct 26, 2020 1:49am Oct 26, 2020 1:49am
I don’t know how to translate this, but I have found it on the h1 chart!?
Can anyone with harmonics bring more light on that one, please?
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Maadik Hugiis. IQ 69.
  • #554,776
  • Oct 26, 2020 1:50am Oct 26, 2020 1:50am
less than 10pips range in the past 4hrs we are heading for a real drama soon.
  • #554,777
  • Oct 26, 2020 2:05am Oct 26, 2020 2:05am
Last 5 trading days of the month from January 2020 to September 2020 have produced range between 230 - 390 pips.

Expect some wild movement this week.

Below are possible scenarios for this week



Possible high 1.3100
Possible Low 1.2860
Possible close 1.2990
Scenario A (70% chance of occurrence)

Possible High 1.3210
Possible low 1.2950
Possible close 1.3020
Scenario B (30% chance of occurrence)

The anticipated 1.3270 area may take a pause till November.

The last three months (July, August and September) have had last 5 trading days bullish finish, very rare to have 4 consecutive months of last 5 days bullish finish.

Trade with great deal of caution this last 5 trading days.
Data + Stat + Risk/Emotions Management
  • #554,778
  • Oct 26, 2020 2:06am Oct 26, 2020 2:06am
London open -0.05% from Tokyo... hmm
short
Observer effect
  • #554,779
  • Oct 26, 2020 2:07am Oct 26, 2020 2:07am
Greetings everyone,

I expect buying to take place around 1.2964 (possibly after a H4 candle closes below this level).

All the best everyone.
  • #554,780
  • Oct 26, 2020 2:12am Oct 26, 2020 2:12am
Quoting OxyGen_FX
{quote} I hope you are right, as I short at 1.3049. Lets see FO or LO can pressure down. Please watch out for 1.3000, psychological number, as it may bounce. {image}
Closing now for +45 pips as GU nears 1.30.
It may fall further, but so be it, its my fate.
Attached Image (click to enlarge)
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