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Cable Update (GBPUSD)

  • #574,641
  • Jan 27, 2021 9:36pm Jan 27, 2021 9:36pm
Quoting pipcenturion
{quote} I will try sell at 1.37152
I got about 48 pips from that sell
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  • #574,642
  • Jan 27, 2021 9:48pm Jan 27, 2021 9:48pm
Significant area for me is highlighted in orange and i believe price will come back to that area.
Instead of thinking of new highs, i am now looking forward to reaching the low of 1.3400 first before shooting up to new highs.
Time will tell. Trade safe everyone!
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  • #574,643
  • Jan 27, 2021 10:22pm Jan 27, 2021 10:22pm
Quoting KiwiTrada
{quote} I didnt say his entry wasnt good, the best thing he did was have a sl to control the risk, which it did, not like many on this thread, he didnt give up after a SL hit he re-entered after considering his 1st trade (Im thinking) again not like many on here, enter, goes wrong, enter another goes wrong (2 trades) again again again, hoping, praying pa will turn good, if it does blah blah blah, if it doesnt silence, hoping and praying has no place in trading neither does BS

hoping and praying?!
I think, this is called BUILDING UP a position...
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Maadik Hugiis. IQ 69.
  • #574,644
  • Jan 27, 2021 10:24pm Jan 27, 2021 10:24pm
Pending sell @ 1.3710
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  • #574,645
  • Jan 27, 2021 10:29pm Jan 27, 2021 10:29pm
both au nu looking to punch further south either that or print double bottom 4hr, Im thinking south and south big, drop is already big Im meaning much bigger?
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  • #574,646
  • Jan 27, 2021 10:32pm Jan 27, 2021 10:32pm
Quoting antiGator
Pending sell @ 1.3710 {image}
When it crosses 1.37 all will start talking about 1.38
  • #574,647
  • Jan 27, 2021 10:33pm Jan 27, 2021 10:33pm
Quoting MoneyZilla
{quote} hoping and praying?! I think, this is called BUILDING UP a position... {image}
nope, building a position using stop loss to control risk, 1st entry nearing target level smaller lot larger sl reducing a target zone gets closer, hoping and praying is for in church, trader who enter and hope and pray will be destroyed eventually guaranteed. trader who builds position and gets it right owns the church
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  • #574,648
  • Jan 27, 2021 11:05pm Jan 27, 2021 11:05pm
Quoting pipcenturion
{quote} I will try sell at 1.37152

Great post Pipcenturion,

Thanks for the good insights and much valuable info.

When you posted the number, I start tightening my SL and manually closed it, when price break the LFT Resistant. With less profit better than loss.....


I can clearly see that this your level of confidence is where i'm heading in 5-7 years from now.


Quoting pipcenturion
{quote} I got about 48 pips from that sell {image}
Congratulation for nice trade you made during late London Closing.

Attached my chart marking with the number you've given (red) and the SNR zone I marked (blue)

Now.....

The question is ....

Why you choose the level to short ? And not using SNR Level as point to trade. ?

Keep in mind that I'm still a Newbie ( So far I've learn SNR and pattern, nothing else yet)

If you not comfortable to spill the secret here, you may Direct Message (Inbox) me.

I'm not asking for your strategy, because no strategy is going to be perfect, and on top of everyday speculative trading there are other influences on the foreign exchange market, and it might be difficult to discern when one price level will be more influential than another.

I've been reading all your post and they are valuable and educational oriented.

Thanks for the great work and looking forward for more of your valuable posting.
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  • #574,649
  • Jan 27, 2021 11:17pm Jan 27, 2021 11:17pm
Quoting Sang.Real
{quote} Why you choose the level to short ? And not using SNR Level as point to trade.
imo, that number is also S/R in bigger TF, just switch to TF-D1, Zoom out the chart, see to the left side and i found that number is the nearest R to break prior to move further upward,

just 2cent
Suro Diro Joyoningrat Lebur Dening Pangastuti
  • #574,650
  • Jan 27, 2021 11:26pm Jan 27, 2021 11:26pm
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yes yes yes
  • #574,651
  • Jan 27, 2021 11:30pm Jan 27, 2021 11:30pm
Quoting pinguin
{quote} imo, that number is also S/R in bigger TF, just switch to TF-D1, Zoom out the chart, see to the left side and i found that number is the nearest R to break prior to move further upward, just 2cent

Hi Pingguin,

Thanks for your reply and view on the trade.

When I study the chart in detail , I think he's using H4 (body only) as the trade level

Attached chart with marked level.

Appreciate your input.

Cheers.

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  • #574,652
  • Jan 27, 2021 11:43pm Jan 27, 2021 11:43pm
Almost 23 hours ago I wrote:

Quoting Lock
Main refs for today GB session are: 37455 current GB high for 2021 3727 yesterday GB close and also highest GB close of the year 37015 yesterday GB high Monitor for acceptation above 374555 and 3727. Also monitor for the possible formation of a new GB gap upside from yesterday GB high 37015.
Quoting Lock
If these condition will be presented to you from the market we have good possibilities to continue higher or at least remain in balance around current price location. If instead you will see no acceptation above 37455 and 3727, expect some sort of liquidation: in such a case, note how ugly is yesterday daily profile.
GB was not able to find acceptation above 37455 one of its main levels and eventually liquidated: doing so it corrected most of the previous day weak and ugly profile as expected.
Ubi maior minor cessat
  • #574,653
  • Jan 27, 2021 11:47pm Jan 27, 2021 11:47pm
Quoting Lock
Almost 23 hours ago I wrote: {quote} {quote} GB was not able to find acceptation above 37455 one of its main levels and eventually liquidated: doing so it corrected most of the previous day weak and ugly profile as expected.
Thanks Lock for this
  • #574,654
  • Jan 27, 2021 11:59pm Jan 27, 2021 11:59pm
North until London open, than South to 1,363.. and than ...
  • #574,655
  • Jan 27, 2021 11:59pm Jan 27, 2021 11:59pm
started my first long
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  • #574,656
  • Jan 28, 2021 12:01am Jan 28, 2021 12:01am
Quoting SCopier
{image}
good morning ..
This is the closest chart to trade today.
The cable is falling.
Tomorrow climb strongly ..
  • #574,657
  • Jan 28, 2021 12:02am Jan 28, 2021 12:02am
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yes yes yes
  • #574,658
  • Jan 28, 2021 12:03am Jan 28, 2021 12:03am
Quoting MoneyZilla
{quote} hoping and praying?! I think, this is called BUILDING UP a position... {image}

MZ

You're cordially invited to Mr. Bear Party at London Open.

Attendees mostly Newbie.

Dress : Formal Naked (Chart)

Attached map to location

RSVP.

Thank You.

Sang Real
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  • #574,659
  • Jan 28, 2021 12:06am Jan 28, 2021 12:06am
Quoting Sang.Real
{quote} MZ You're cordially invited to Mr. Bear Party at London Open. Attendees mostly Newbie. Attached map to location RSVP. Thank You. Sang Real {image} {image}
ma hdha bihaqi aljahim ?
Fools Rushing
  • #574,660
  • Jan 28, 2021 12:07am Jan 28, 2021 12:07am
Swissy Daily pretty nice inverted H&S, keep eyeball on that magenta zone for BO & retest, bigger picture monthly she's been wallowing in the MUD since 2010 trading east, propped up by SNB, the potential to get a very nice entry (very long term) perhaps but I really do like its dimensions, possibly 2or3 more days compressing, end of month maybe, this month as yet will print bull candle hasn't been many of them in a long time this just could be the trade traders dream of:-)
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