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Cable Update (GBPUSD)

  • #554,901
  • Oct 26, 2020 8:38am Oct 26, 2020 8:38am
Quoting nessus94
{quote} price has to revisit below 1,29 every rise is a sell for me but maybe i am wrong
maybe im wrong too

i need to drive home and expect a lot of traffic, so i put one small pending, see ya.
Attached Image (click to enlarge)
Click to Enlarge Name: 26a94ce07a4b07568dbc6641f26d3fb5.png Size: 8 KB
  • #554,902
  • Oct 26, 2020 8:54am Oct 26, 2020 8:54am
Quoting epzero
{quote} sweet entry we are together the low can't be broken
cool 20pips i'm out and done for today
  • #554,903
  • Oct 26, 2020 8:57am Oct 26, 2020 8:57am
i think its going up
could be wrong

buy stop @ 3018
in wondering about yourself, you forgot what you came here to be part of
  • #554,904
  • Oct 26, 2020 8:57am Oct 26, 2020 8:57am
My take on GU current situation.
I drew a (somewhat rough) falling channel that began on 22nd Oct in the 1hr chart below.
Market do not move in straight lines, and I view this falling channel as a single move, and now market desires to have a upward move.
Or at least a sideways move.
Just a guess. Just a possibility.
Hence I am wary of whether GU can fall any further than 1.2993.
Which is why I closed my shorts, being wary of bounce.

Attached Image (click to enlarge)
Click to Enlarge Name: GU 1hr.JPG Size: 74 KB
  • #554,905
  • Oct 26, 2020 8:58am Oct 26, 2020 8:58am
Quoting nessus94
{quote} price has to revisit below 1,29 every rise is a sell for me but maybe i am wrong
i think market will visit 1.29 but might not be today because of the strong support at 1.2992
  • #554,906
  • Oct 26, 2020 8:58am Oct 26, 2020 8:58am
Quoting Bacco
Buy 3000 for 20pips
Closed. +20
Twitter: Rummer_grapes
  • #554,907
  • Oct 26, 2020 9:00am Oct 26, 2020 9:00am
Quoting knkie
i think its going up could be wrong buy stop @ 3018
buy at lower price for a tighter SL
  • #554,908
  • Oct 26, 2020 9:01am Oct 26, 2020 9:01am
Quoting epzero
{quote} i think market will visit 1.29 but might not be today because of the strong support at 1.2992
H1 & H2 still in downtrend. Daily in uptrend strong support at 2947. If we go down there. Might think about a buy
Twitter: Rummer_grapes
  • #554,909
  • Oct 26, 2020 9:06am Oct 26, 2020 9:06am
Quoting Bacco
{quote} H1 & H2 still in downtrend. Daily in uptrend strong support at 2947. If we go down there. Might think about a buy
i'm done for today, over trading is bad. I will rest and see things clearly tomorrow.
  • #554,910
  • Oct 26, 2020 9:06am Oct 26, 2020 9:06am
Swings work for me both ways.
Attached Image (click to enlarge)
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WT
  • #554,911
  • Oct 26, 2020 9:07am Oct 26, 2020 9:07am
selling 3025 for another 20
Twitter: Rummer_grapes
  • #554,912
  • Oct 26, 2020 9:08am Oct 26, 2020 9:08am
Quoting epzero
{quote} i'm done for today, over trading is bad. I will rest and see things clearly tomorrow.
Oh yes,i had my worse days overtrading. 2/3 per day and im done.
Twitter: Rummer_grapes
  • #554,913
  • Oct 26, 2020 9:16am Oct 26, 2020 9:16am
Cap for the current 4H candle is 1.3035 and im expecting it to fall to 1.2945 and maybe a bit below
  • #554,914
  • Oct 26, 2020 9:18am Oct 26, 2020 9:18am
Quoting knkie
i think its going up could be wrong buy stop @ 3018
double bottom m30
long for me too
  • #554,915
  • Oct 26, 2020 9:19am Oct 26, 2020 9:19am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 52 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 44 KB
yes yes yes
  • #554,916
  • Oct 26, 2020 9:22am Oct 26, 2020 9:22am
Quoting OnlineAddict
EG expiry at 9000 for 2.2bn ending soon...so there might be some positive brexit news, that will make EG drop down(and GU spike up) there during US session.
If you are in bad mood...look at this...somebody lost 2.2bn euros on the above option today.
Everyone can see the chart, but only a few can actually read it.
  • #554,917
  • Oct 26, 2020 9:25am Oct 26, 2020 9:25am
Quoting OnlineAddict
{quote} If you are in bad mood...look at this...somebody lost 2.2bn euros on the above option today.
If they lost 2.2b probably they had a few more in the bank account
Twitter: Rummer_grapes
  • #554,918
  • Oct 26, 2020 9:27am Oct 26, 2020 9:27am
Quoting Bacco
{quote} If they lost 2.2b probably they had a few more in the bank account
Of course...I see billions, sometimes even tens of billions lost every week on options. I guess thats how banks and pension funds operate with our money. Thats why I avoid them at all cost.
Everyone can see the chart, but only a few can actually read it.
  • #554,919
  • Oct 26, 2020 9:31am Oct 26, 2020 9:31am
Quoting OnlineAddict
{quote} Of course...I see billions, sometimes even tens of billions lost every week on options. I guess thats how banks and pension funds operate with our money. Thats why I avoid them at all cost.
I wont give a penny to them.

I dont like the idea of not knowing where my money goes.
And for long term i only look at ethical and responsible companies (not always possible), but i wont definetly give my money to petroleum companies, china...etc...
Twitter: Rummer_grapes
  • #554,920
  • Oct 26, 2020 9:55am Oct 26, 2020 9:55am
Quoting OnlineAddict
{quote} If you are in bad mood...look at this...somebody lost 2.2bn euros on the above option today.
could be a hedge ,you don't know its purpose
options lower risk
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