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Cable Update (GBPUSD)

  • #559,161
  • Nov 16, 2020 10:24pm Nov 16, 2020 10:24pm
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yes yes yes
  • #559,162
  • Nov 16, 2020 10:27pm Nov 16, 2020 10:27pm
Quoting Moty
{image}{image}{image}
i am with you
Intraday only.
  • #559,163
  • Nov 16, 2020 11:43pm Nov 16, 2020 11:43pm
IMO bulls are still intact as long as this level (blue) aren't pierced.
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  • #559,164
  • Nov 17, 2020 12:00am Nov 17, 2020 12:00am
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yes yes yes
  • #559,165
  • Nov 17, 2020 12:15am Nov 17, 2020 12:15am
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 17, 2020 12:28am Nov 17, 2020 12:28am
Still waiting 1.333 area.. :-):-):-)
  • #559,167
  • Nov 17, 2020 12:40am Nov 17, 2020 12:40am
Short 1.3225 SL 25p1.3250
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  • #559,168
  • Nov 17, 2020 12:58am Nov 17, 2020 12:58am
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 17, 2020 1:00am Nov 17, 2020 1:00am
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 17, 2020 1:02am Nov 17, 2020 1:02am
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 17, 2020 1:05am Nov 17, 2020 1:05am
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 17, 2020 1:09am Nov 17, 2020 1:09am
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 17, 2020 1:11am Nov 17, 2020 1:11am
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 17, 2020 1:19am Nov 17, 2020 1:19am
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 17, 2020 1:26am Nov 17, 2020 1:26am
Still holding
SW zone held for good support
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Le$$ I$ More
  • #559,176
  • Nov 17, 2020 1:45am Nov 17, 2020 1:45am
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 17, 2020 1:50am Nov 17, 2020 1:50am
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 17, 2020 1:53am Nov 17, 2020 1:53am
Waiting for the break
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yes yes yes
  • #559,179
  • Nov 17, 2020 1:54am Nov 17, 2020 1:54am
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 2:05am Nov 17, 2020 2:05am
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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