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Cable Update (GBPUSD)

  • #555,861
  • Oct 30, 2020 10:33am Oct 30, 2020 10:33am
Quoting okanemici
{quote} Added an other long, this is the all bullshit they can do this week. Fake dumpers. I will ride my longs next week for sure.
After a few stops triggered I am convinced this will go down 1.2720 next week. I am short from 1.2970 and will long from 1.2720.
  • #555,862
  • Oct 30, 2020 10:41am Oct 30, 2020 10:41am
Dropped below daily pivot. Not sure if it’s like that till end of day, although it does seem to be stuck in range now between 12930 and 12950
Insane in the Brain..
  • #555,863
  • Oct 30, 2020 11:11am Oct 30, 2020 11:11am
Fck what now? We buy again?
end of the month, u r already a winner
  • #555,864
  • Oct 30, 2020 11:14am Oct 30, 2020 11:14am
Quoting amoremia
Fck what now? We buy again?

1.28800 in the making
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yes yes yes
  • #555,865
  • Oct 30, 2020 11:14am Oct 30, 2020 11:14am
Quoting shahab8b
{quote} Good, you need to be patient with this trade, it's correcting so may take hours. I think it will retest the low @ 1.292. maybe leave a small position in case it does break the low. I posted this last night, possible double top on SPX. We may get a $ bull run if it happens. {image}
Don forget about this in case you have strong bullish bias.
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  • #555,866
  • Oct 30, 2020 11:22am Oct 30, 2020 11:22am
What a week! Made awesome $13,900! Im done for now, trade safe fellow traders and wish you a week full of successful trades next week! Enjoy the weekend
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  • #555,867
  • Oct 30, 2020 11:23am Oct 30, 2020 11:23am
Quoting shahab8b
{quote} Don forget about this in case you have strong bullish bias. {image}
does it have any correlation with GU?
Le$$ I$ More
  • #555,868
  • Oct 30, 2020 11:25am Oct 30, 2020 11:25am
... price dropped through the 1hr pot rbs zone to the base of the previous congestion on that t/f that occured before the drop to today's current lo and rally to today's current hi - just @ 61.8% of y/day's lo - today's current hi ie 2880-2988. Last few 1hr fractal prints have been LH,HL,H,HL,HH,L,HH and the there is currently 15min hidden bullish div at the current pullback lo described above. Not optimum though re fractal uptrend on 1hr re pa or the 20/50/100 ema's on 1hr which are actually still crossed down. 1hr is below.
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Trader with an Edge.
  • #555,869
  • Oct 30, 2020 11:26am Oct 30, 2020 11:26am
look like gu sw
  • #555,870
  • Oct 30, 2020 11:26am Oct 30, 2020 11:26am
Quoting Moty
{quote} 1.28800 in the making {image} {image} {image}
Not yet bro to early to say maybe nxtweek it will drop more
end of the month, u r already a winner
  • #555,871
  • Edited 11:39am Oct 30, 2020 11:28am | Edited 11:39am
Quoting Roszey
{quote} does it have any correlation with GU?
The correlation is more with USD. Falling US stocks = stronger USD. GU does its own thing sometimes. But it will not be without any impact.
  • #555,872
  • Oct 30, 2020 11:40am Oct 30, 2020 11:40am
this kind of market just for scalp trader
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #555,873
  • Edited 12:03pm Oct 30, 2020 11:45am | Edited 12:03pm
Quoting Yngwie
this kind of market just for scalp trader

Yeh ...good hi-prob trading opps both ways, and of course lower t/f scalping means you can be productive in both ranging and trending markets. It's also about identifying what pa is doing on t/f's of interest (ranging or trending,) and the t/f's of interests' relationships to each other, and acting accordingly.
-----------------------------------

EDIT: ... very likely fractal HL now with this upcoming 1hr close on that t/f (after the HH)...finishing here for today/this week. End of my 2 week self - isolation (after hols.) Hopefully back to more normality next week and less time at screens as won't have so much time on my hands lol ! Hope everyone had a good week.
Trader with an Edge.
  • #555,874
  • Oct 30, 2020 11:54am Oct 30, 2020 11:54am
Quoting HBN08
Hey guys hop u all good Long here for me..might be kinda soon to enter tho {image}
Oh patience why dont u love me everyday -.-
Closed and it was a good scalp..
  • #555,875
  • Oct 30, 2020 12:09pm Oct 30, 2020 12:09pm
Quoting shahab8b
{quote} Don forget about this in case you have strong bullish bias. {image}
same as GU on Weekly & Monthly showing the same? not the neckline yet.
always when I take a look very high tf I get dizzy and cold feet LOL -
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  • #555,876
  • Oct 30, 2020 12:24pm Oct 30, 2020 12:24pm
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yes yes yes
  • #555,877
  • Oct 30, 2020 12:25pm Oct 30, 2020 12:25pm
adding a long here for scalp
  • #555,878
  • Oct 30, 2020 1:53pm Oct 30, 2020 1:53pm
Quoting Wavegarrick
{quote} Hi Guys, My trail stops were taken out yesterday. No sweat. Well, the big down move was not written in the script One thing that has interested me since the beginning of October was the channel that had formed (Brown Lines) and price bounced exactly there today, having said if we have a price break, through the bottom channel line at 1.29131 ish and more so a new weekly low below last weeks higher low at 1.28889 ish, I guess it could bring more bears into the picture. I did add buys at the bottom of the channel and locked in...
Hi Guys ,
I would be careful in getting too bearish on Gu at this point. Gu is holding steady at this time with EurGbp dropping further south. EurGbp sell trades looking even better. It is clear that the Euro is decoupling from the Pound at this point. I have entered Gu buy trades off my yearly pivot at 1.2908 all locked in. I am getting subtle cyclic bullish signals. I will wait for next week,

Have a great weekend
Cheers.
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Trade to trade another day
  • #555,879
  • Oct 30, 2020 2:11pm Oct 30, 2020 2:11pm
Not going to end my long trade. Was tempted to pull out at b/e or at a small loss. Although I have a feeling it will go upto 1300 area on Monday. Will have a s/l set to my profits from this week
Insane in the Brain..
  • #555,880
  • Oct 30, 2020 2:45pm Oct 30, 2020 2:45pm
Looks bearish into next week
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Compulsions can be hard to resist
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