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Cable Update (GBPUSD)

  • #558,821
  • Nov 13, 2020 11:55am Nov 13, 2020 11:55am
Res 1.31908
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yes yes yes
  • #558,822
  • Nov 13, 2020 11:56am Nov 13, 2020 11:56am
Quoting gatenio
good luck, still holding my long.. if it bearish, 1.32 at least.
gatenio, I've been watching you... good job...
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Always trade your own plan...I don't provide trading signals.
  • #558,823
  • Nov 13, 2020 12:03pm Nov 13, 2020 12:03pm
Quoting Moty
Gu , you shell not pass 1.31759
but it did
  • #558,824
  • Nov 13, 2020 12:06pm Nov 13, 2020 12:06pm
Quoting Moty
{quote} What is your entry?.
I have several entries. And I aim to close at 1.3167.
Risk Management is of utmost importance!
  • #558,825
  • Nov 13, 2020 12:16pm Nov 13, 2020 12:16pm
Closed my yesterday's long at a negative but overall happy with my performance for this week. Made my withdrawal and will hit the bed. Hoping to repeat this next week. Happy weekend guys.
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Set GOAL, REACH and REPEAT.
  • #558,826
  • Nov 13, 2020 12:18pm Nov 13, 2020 12:18pm
Quoting genadi
{quote} but it did
Wait for the fat lady to sing
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yes yes yes
  • #558,827
  • Nov 13, 2020 12:19pm Nov 13, 2020 12:19pm
... a few hours off the close but likely a fractal swing HL will be created by the close of today's daily candle on this t/f. Starting with the 2675 swing lo on the daily t/f, the fractal swings have been LL, LH, HL, H, JL, HH, L, HH, and the HL and the 20/50/100 ema's are crossed up. So the scenario is likely to remain bullish on this t/f with this general fractal uptrend. Dly below.

The wkly too remains in a general fractal uptrend with another fractal HL created by the close of this week's candle but that candle in and of itself, despite what will probably be a bullish body looks bearish if it closes anything like what it looks like presently. It's 20/50/100 ema's remain neutral.

We'll know more @ the close. 20/50/100 ema's re crosses are below.
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Trader with an Edge.
  • #558,828
  • Nov 13, 2020 12:25pm Nov 13, 2020 12:25pm
This potential close of the week around 1.3170/1.3190 area makes next week to be potentially dicey.

In the medium term, as far as price fails to attack 1.2840 area, the trend is tilted to the bullish side which exposes 1.3380 area.

To me Any drop to 1.3060/1.3120 area should be met with a buy targeting 1.3380.
Data + Stat + Risk/Emotions Management
  • #558,829
  • Nov 13, 2020 12:25pm Nov 13, 2020 12:25pm
Quoting Coreg2004
{quote} gatenio, I've been watching you... good job... {image}
Could this be W-1 impulse to end around 1.34??
Lost....
  • #558,830
  • Nov 13, 2020 12:32pm Nov 13, 2020 12:32pm
The drop to 1.31759 is coming
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yes yes yes
  • #558,831
  • Nov 13, 2020 12:34pm Nov 13, 2020 12:34pm
Here is today's FPA's analysis but Brexit news is capable to ruin any good trade.

Inserted Video
  • #558,832
  • Nov 13, 2020 12:42pm Nov 13, 2020 12:42pm
posible HnS on H4 TF..
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Trade what you see, not what you think.. react and stay sharp..
  • #558,833
  • Edited 12:55pm Nov 13, 2020 12:44pm | Edited 12:55pm
Quoting gespiri
{quote} Could this be W-1 impulse to end around 1.34??
gespiri, that's how I traded this leg up...During the Tokyo session, I held longs, and second long I entered during NY...If this is the end of b in potential flat abc? I don't know, for now, I don't have GU trades running...
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Always trade your own plan...I don't provide trading signals.
  • #558,834
  • Nov 13, 2020 12:44pm Nov 13, 2020 12:44pm
Quoting Moty
The drop to 1.31759 is coming {image}
that area still posible to reach.. but maybe not today but who knows anything can happen on friday..
Trade what you see, not what you think.. react and stay sharp..
  • #558,835
  • Nov 13, 2020 12:47pm Nov 13, 2020 12:47pm
Quoting Coreg2004
{quote} gespiri, that's how I traded this leg up...During the Tokyo session, I held longs, and second long I entered during NY...If this is the end of potential flat abc? I don't know, for now, I don't have GU trades running... {image}
Thanks Coreg.....I was expecting this to drop a W-5 down to at least 1.3080 (50%) but not sure now since W-4 (W-1) just broke 1.3190.....
Lost....
  • #558,836
  • Nov 13, 2020 12:51pm Nov 13, 2020 12:51pm
Quoting miedpreneur
posible HnS on H4 TF.. {image}

... might well develop an H&S on 4hr as you point out ? Time will tell. It has reached 38.2% of the 3314-3107 move down at the current dly hi - just touching that prev 1hr/4hr sw hi then lo then 1hr sw hi zone again thru which at the top of it Dly R1 and 76.4% of the 3228- same 3107 swing down runs. 50% of the total weekly fall 3314-3107 is @ 3211. 4hr below.

Peace out - it's the w/e.
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Trader with an Edge.
  • #558,837
  • Nov 13, 2020 1:02pm Nov 13, 2020 1:02pm
Quoting gespiri
{quote} Thanks Coreg.....I was expecting this to drop a W-5 down to at least 1.3080 (50%) but not sure now since W-4 (W-1) just broke 1.3190.....
gespiri, you have a valid count if you ask me...your pattern is still in play
Always trade your own plan...I don't provide trading signals.
  • #558,838
  • Nov 13, 2020 1:27pm Nov 13, 2020 1:27pm
Quoting gespiri
{quote} Thanks Coreg.....I was expecting this to drop a W-5 down to at least 1.3080 (50%) but not sure now since W-4 (W-1) just broke 1.3190.....
I expected same 1.3060/1.3080 area, this may happen next week before final take off to 1.3380/1.3400 area.
Data + Stat + Risk/Emotions Management
  • #558,839
  • Nov 13, 2020 1:30pm Nov 13, 2020 1:30pm
Quoting OnlineAddict
I smell a big bull coming up tomorrow. Switching to long, short term...and might look for shorts later tomorrow, ideally above 3200 or 3250.
Wasn't that big, but close to 3200 and a good time to start building shorts towards 2900 and below. And doesn't matter if we go higher next week, with the right money management, thats not an issue.
Everyone can see the chart, but only a few can actually read it.
  • #558,840
  • Nov 13, 2020 2:08pm Nov 13, 2020 2:08pm
1.31754 current price
i told you : " you shell not pass "
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yes yes yes
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