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Cable Update (GBPUSD)

  • #559,161
  • Nov 16, 2020 8:24pm Nov 16, 2020 8:24pm
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yes yes yes
  • #559,162
  • Nov 16, 2020 8:27pm Nov 16, 2020 8:27pm
Quoting Moty
{image}{image}{image}
i am with you
Intraday only.
  • #559,163
  • Nov 16, 2020 9:43pm Nov 16, 2020 9:43pm
IMO bulls are still intact as long as this level (blue) aren't pierced.
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  • #559,164
  • Nov 16, 2020 10:00pm Nov 16, 2020 10:00pm
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yes yes yes
  • #559,165
  • Nov 16, 2020 10:15pm Nov 16, 2020 10:15pm
Looking at the chart, current price is tempting to take a long, i might take half of my regular position and set a buy limit @ 1.32 for the remaining
Im still targeting 1.3270-1.3285
  • #559,166
  • Nov 16, 2020 10:28pm Nov 16, 2020 10:28pm
Still waiting 1.333 area.. :-):-):-)
  • #559,167
  • Nov 16, 2020 10:40pm Nov 16, 2020 10:40pm
Short 1.3225 SL 25p1.3250
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  • #559,168
  • Nov 16, 2020 10:58pm Nov 16, 2020 10:58pm
Quoting Arief-
Short 1.3225 SL 25p1.3250 {image}
the sl is not bad, but i dont think this trade is worth the effort.
it almost clearly pa want 1.325 and even more.
DR1 is 1.324 and DR2 is 1.328, so 1.324 is for sure.

15m-weekly are up, spikes could be painful
  • #559,169
  • Nov 16, 2020 11:00pm Nov 16, 2020 11:00pm
Quoting Arief-
Short 1.3225 SL 25p1.3250 {image}
3185 is waiting
3170 weekly open is hard to crack though
COT: The precious data ignored
  • #559,170
  • Nov 16, 2020 11:02pm Nov 16, 2020 11:02pm
Quoting gatenio
{quote} the sl is not bad, but i dont think this trade is worth the effort. it almost clearly pa want 1.325 and even more. DR1 is 1.324 and DR2 is 1.328, so 1.324 is for sure. 15m-weekly are up, spikes could be painful
I'll only buy near 3170 or below 3155 for intraday buy, else i sell above 3230 or 3246

Europe/London will tell us what to do
COT: The precious data ignored
  • #559,171
  • Nov 16, 2020 11:05pm Nov 16, 2020 11:05pm
Quoting gatenio
{quote} the sl is not bad, but i dont think this trade is worth the effort. it almost clearly pa want 1.325 and even more. 15m-weekly are up, spikes could be painful
yes there is still a possibility for the price more go up to 1.3300 with resistance at 1.3281, but that's the risk I can take a maximum of 30p per trade, and I hope 1.3241 is the waveC of the previous bearish direction, that's why I decided to be short at the moment
  • #559,172
  • Nov 16, 2020 11:09pm Nov 16, 2020 11:09pm
Quoting kuroro001
{quote} I'll only buy near 3170 or below 3155 for intraday buy, else i sell above 3230 or 3246 Europe/London will tell us what to do
im in the same view right now.
3170 gave a lot of buying scalp yesterday, let see if it hold today (if we get there)
when my trend view on 15m-to 1h change so easy, this is a bull, 3 wave or 5 wave on 4h, i guess is 5
  • #559,173
  • Nov 16, 2020 11:11pm Nov 16, 2020 11:11pm
Quoting kuroro001
{quote} 3185 is waiting 3170 weekly open is hard to crack though
I don't have that wide risk of waiting there
  • #559,174
  • Nov 16, 2020 11:19pm Nov 16, 2020 11:19pm
Quoting gatenio
{quote} im in the same view right now. 3170 gave a lot of buying scalp yesterday, let see if it hold today (if we get there) when my trend view on 15m-to 1h change so easy, this is a bull, 3 wave or 5 wave on 4h, i guess is 5
another thing, 1wave=5wave?

my 1wave is 282 pips
1.3105 is the start of the 5th.
1.3105+282 pips = 1.338+
so buying dip for me.

wonderful
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  • #559,175
  • Nov 16, 2020 11:26pm Nov 16, 2020 11:26pm
Still holding
SW zone held for good support
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Le$$ I$ More
  • #559,176
  • Nov 16, 2020 11:45pm Nov 16, 2020 11:45pm
Quoting gatenio
{quote} another thing, 1wave=5wave? my 1wave is 282 pips 1.3105 is the start of the 5th. 1.3105+282 pips = 1.338+ so buying dip for me. wonderful {image}
Totally agree. "the problem is wave5 can be a dilemma if the correction is the beginning of a new trend in the opposite direction"Ralph Nelson Elliott
  • #559,177
  • Nov 16, 2020 11:50pm Nov 16, 2020 11:50pm
Quoting Arief-
{quote} yes there is still a possibility for the price more go up to 1.3300 with resistance at 1.3281, but that's the risk I can take a maximum of 30p per trade, and I hope 1.3241 is the waveC of the previous bearish direction, that's why I decided to be short at the moment
bull need to be breach 1.3228 first prior to kick in to start heading north. otherwise (and until this post those level still unbreached) then for me SELL is more reasonable ..
Suro Diro Joyoningrat Lebur Dening Pangastuti
  • #559,178
  • Nov 16, 2020 11:53pm Nov 16, 2020 11:53pm
Waiting for the break
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yes yes yes
  • #559,179
  • Nov 16, 2020 11:54pm Nov 16, 2020 11:54pm
Quoting pinguin
{quote} bull need to be breach 1.3228 first prior to kick in to start heading north. otherwise (and until this post those level still unbreached) then for me SELL is more reasonable ..
that's trading, we can only follow where the market will go, take small risk as possible and increase the profit as much as possible.
  • #559,180
  • Nov 17, 2020 12:05am Nov 17, 2020 12:05am
Quoting fxmasterdxb
Looking at the chart, current price is tempting to take a long, i might take half of my regular position and set a buy limit @ 1.32 for the remaining Im still targeting 1.3270-1.3285
So 1.32 is reached, we have a critical number now which 1.3197-95 which was acting as a resistance yesterday and seems like turning to a support today, if this is breached and we get 1h & 4h candle close below it then i will close my longs.
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