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Cable Update (GBPUSD)

  • #554,821
  • Oct 26, 2020 5:38am Oct 26, 2020 5:38am
The current uptrend is capped at 1.3075, im happy as its giving me further opportunities to sell
  • #554,822
  • Oct 26, 2020 5:39am Oct 26, 2020 5:39am
Quoting fxmasterdxb
The current uptrend is capped at 1.3075, im happy as its giving me further opportunities to sell
I would never use the words cap and GU in the same sentence...even if GU was topping hard(which is it not), it can easily do another 200 pips after that. Same on the way down.
Everyone can see the chart, but only a few can actually read it.
  • #554,823
  • Oct 26, 2020 5:41am Oct 26, 2020 5:41am
Quoting OnlineAddict
{quote} I would never use the words cap and GU in the same sentence...even if GU was topping hard(which is it not), it can easily do another 200 pips after that. Same on the way down.
Time will tell my freind
  • #554,824
  • Oct 26, 2020 5:42am Oct 26, 2020 5:42am
These past 3 months have been bad for me.
Been having losing trades back to back, I'm grateful for the loss tho because i got the weak point in my trading strategy.
Let's see what the last two month have in store ✌.
I wish you all the best.
Patience.....
  • #554,825
  • Oct 26, 2020 5:43am Oct 26, 2020 5:43am
scalping short
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 37 KB
  • #554,826
  • Oct 26, 2020 5:45am Oct 26, 2020 5:45am
Crap, I hedged my short. I was too quick to the trigger and I'm now stuck with a short at 1.3000 thinking it would test lower at 1.2970 before going up. I honestly still think GBP can go lower due to Corona and Brexit stuff. I now need to build a strategy to get out of this long and short.
  • #554,827
  • Oct 26, 2020 5:46am Oct 26, 2020 5:46am
Quoting fxmasterdxb
{quote} Time will tell my freind
Indeed...I will start shorting above 3240.
Everyone can see the chart, but only a few can actually read it.
  • #554,828
  • Oct 26, 2020 5:47am Oct 26, 2020 5:47am
Quoting coldvinc
Crap, I hedged my short. I was too quick to the trigger and I'm now stuck with a short at 1.3000 thinking it would test lower at 1.2970 before going up. I honestly still think GBP can go lower due to Corona and Brexit stuff.
Me toooo.. hiks..
Golden Goose Return This Month: na
  • #554,829
  • Oct 26, 2020 5:52am Oct 26, 2020 5:52am
Quoting Bacco
buy 3050 for 20pips
Closed +20
Twitter: Rummer_grapes
  • #554,830
  • Oct 26, 2020 5:53am Oct 26, 2020 5:53am
Quoting Lock
{quote} In this previous post I suggest to take into serious consideration a simple sequence of events: in the last two consecutive pit sessions, price went down immediately at open. Those opens are at 30745 and 3116. Maybe you may ask questions: why this is important and why this could possibly provide me an opportunity in the future? In order to understand current situation you have to reason from the perspective of those who sold immediately at the open of a particular session. Market open and I immediately sell. I do not test above...
And here you are at 30745: as you see market generated info could provide us good opportunities.
Ubi maior minor cessat
  • #554,831
  • Oct 26, 2020 5:54am Oct 26, 2020 5:54am
Putting GBP buy SL@B/E+2 pips. If prices were to drop again I'm out of the buy and most likely can chip away on the short. I hope it's like the 23rd. It shoots up only to come back down and lower.

Edit: sl hit, lets see if it keeps going lower.
  • #554,832
  • Oct 26, 2020 6:04am Oct 26, 2020 6:04am
1.30754 is now the resistence and 1.30447 is the immediate support
  • #554,833
  • Oct 26, 2020 6:10am Oct 26, 2020 6:10am
preparing for 1.31000
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 40 KB
yes yes yes
  • #554,834
  • Oct 26, 2020 6:22am Oct 26, 2020 6:22am
Was able to chip away 5 pips incl. the small long that got stopped with a few pips in green. But the push Lower wasn't strong so bought again.
  • #554,835
  • Oct 26, 2020 6:22am Oct 26, 2020 6:22am
Quoting Moty
preparing for 1.31000 {image}
I admire you as a trader moty but you change your sentiment too quickly, I understand you are a scalper but the best thing to do is to make a plan for the day and follow, if you keep changing your direction every while, it will effect your trading mentality and lead you to make mistakes.

My humble advise, make a plan at the beginning of the day and follow the same, in case it does not go your direction, press the hold button and re-look at everything and wait for confirmation before switching sides, market is full of opportunities and its fine if you miss one or two
  • #554,836
  • Oct 26, 2020 6:24am Oct 26, 2020 6:24am
Hmm.. I see price will going to 1.29xxx
Little tips for Intraday traders, look at my chart "daily pivot" is very important tool, almost everydays (99%) price surely touch it
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 47 KB
  • #554,837
  • Oct 26, 2020 6:33am Oct 26, 2020 6:33am
Lets see how the candle close. Looking for another buy probably 3040 for another 20
Twitter: Rummer_grapes
  • #554,838
  • Oct 26, 2020 6:34am Oct 26, 2020 6:34am
round numbers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 32 KB
Click to Enlarge Name: gu2.png Size: 25 KB
yes yes yes
  • #554,839
  • Oct 26, 2020 6:42am Oct 26, 2020 6:42am
Cable bouced off the VAH
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #554,840
  • Oct 26, 2020 6:42am Oct 26, 2020 6:42am
Quoting SCopier
Hmm.. I see price will going to 1.29xxx Little tips for Intraday traders, look at my chart "daily pivot" is very important tool, almost everydays (99%) price surely touch it {image}
I can see price dropping to 2930.max...my view...
Twitter: Rummer_grapes
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