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Cable Update (GBPUSD)

  • #554,841
  • Oct 26, 2020 4:42am Oct 26, 2020 4:42am
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}
you mean 1.31000
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 37 KB
yes yes yes
  • #554,842
  • Oct 26, 2020 4:44am Oct 26, 2020 4:44am
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}
daily pivot is a useful tool. but don't state wrong stats. look at your chart and count the last 100 days, and report how may days it did really touch it. I'm 100% certain it is not 99%.
  • #554,843
  • Oct 26, 2020 4:48am Oct 26, 2020 4:48am
1.3035 is the 50
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #554,844
  • Oct 26, 2020 4:51am Oct 26, 2020 4:51am
see on m30 closed
  • #554,845
  • Oct 26, 2020 5:01am Oct 26, 2020 5:01am
UP UP AND AWAY
BREXIT PHONE HOME
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 35 KB
Click to Enlarge Name: gu2.png Size: 42 KB
yes yes yes
  • #554,846
  • Oct 26, 2020 5:19am Oct 26, 2020 5:19am
Quoting shahab8b
{quote} daily pivot is a useful tool. but don't state wrong stats. look at your chart and count the last 100 days, and report how may days it did really touch it. I'm 100% certain it is not 99%.
Yea you right but still above 90%. But that is not my point to said that.
My point is the daily pivot can be used to see the daily trend will continue or just a correction (I do not recommend to open trades based on the daily pivot)
  • #554,847
  • Oct 26, 2020 5:19am Oct 26, 2020 5:19am
Quoting SFundamental
1.3035 is the 50
Nearly there
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #554,848
  • Oct 26, 2020 5:23am Oct 26, 2020 5:23am
Quoting SCopier
{quote} Yea you right but still above 90%. But that is not my point to said that. My point is the daily pivot can be used to see the daily trend will continue or just a correction (I do not recommend to open trades based on the daily pivot)
yea, that was my point, it is not 99%. also, sometimes it touches it and bounces and sometimes it just goes straight through it like it doesn't exist. you need to take other factors into consideration.
  • #554,849
  • Oct 26, 2020 5:33am Oct 26, 2020 5:33am
Like I said before my entry trade is base from fibo level (can from daily, weekly or monthly fibo) and all indicators or lines just help me to see if my entry is correct or vice versa.

We still have 1 line in there keep watching it
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 48 KB
  • #554,850
  • Oct 26, 2020 5:48am Oct 26, 2020 5:48am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 60 KB
yes yes yes
  • #554,851
  • Oct 26, 2020 5:49am Oct 26, 2020 5:49am
Quoting OxyGen_FX
{quote} Closing now for +45 pips as GU nears 1.30. It may fall further, but so be it, its my fate. {image}
GU has decided to bounce off 1.30 earlier.
I shorted again at 1.3046, hoping GU will fall further beyond 1.30.
Since 1.30 has been already tested earlier today, it would either break or produce a even stronger bounce.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 4hr.JPG Size: 82 KB
  • #554,852
  • Oct 26, 2020 5:56am Oct 26, 2020 5:56am
Quoting Moty
{image}
Moty You are gambling my friend not trading
  • #554,853
  • Oct 26, 2020 5:57am Oct 26, 2020 5:57am
1.322 nice tp area
  • #554,854
  • Oct 26, 2020 6:02am Oct 26, 2020 6:02am
switched to short for 40 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 42 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 32 KB
yes yes yes
  • #554,855
  • Oct 26, 2020 6:12am Oct 26, 2020 6:12am
Quoting OnlineAddict
{quote} Indeed...I will start shorting above 3240.
Time did tell nice bounce from 1.3075 and heading towards 1.2945
  • #554,856
  • Oct 26, 2020 6:15am Oct 26, 2020 6:15am
Quoting Moty
i will look for a sale set up next week it will be perfect if it go up to 1.30700 but i am planning to sell a break of last hourly candle low at lo i hope it doesn't drop at Asian session {image} {image}
unbelievable
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 38 KB
yes yes yes
  • #554,857
  • Oct 26, 2020 6:17am Oct 26, 2020 6:17am
Quoting fxmasterdxb
The current uptrend is capped at 1.3075, im happy as its giving me further opportunities to sell
Next stop 1.2945
  • #554,858
  • Oct 26, 2020 6:19am Oct 26, 2020 6:19am
Quoting fxmasterdxb
{quote} Time did tell nice bounce from 1.3075 and heading towards 1.2945
Not yet...still within the same range. I think we were talking about different things. I am waiting for either 3300 or 2700...50 pip moves in the middle I don't much care about.
Everyone can see the chart, but only a few can actually read it.
  • #554,859
  • Oct 26, 2020 6:27am Oct 26, 2020 6:27am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 39 KB
yes yes yes
  • #554,860
  • Oct 26, 2020 6:27am Oct 26, 2020 6:27am
Quoting OnlineAddict
{quote} Not yet...still within the same range. I think we were talking about different things. I am waiting for either 3300 or 2700...50 pip moves in the middle I don't much care about.
Well im looking for 1.2485 to close my shorts, though im looking forward for the pair to drop the below current low in the next 2-3 months, again time will tell
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