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Cable Update (GBPUSD)

  • #577,041
  • Feb 9, 2021 1:42pm Feb 9, 2021 1:42pm
Quoting abconqq7
Don't worry, everybody. A big drop is coming. Fasten your seat belt!
Sorry but you have been saying drop is coming for nearly a month and still nothing, maybe you could she some light on this statement as to why you think its going to drop, many thanks in advance
  • #577,042
  • Feb 9, 2021 1:43pm Feb 9, 2021 1:43pm
Quoting Moty
{image}
Dude been waiting for the drop all day
Insane in the Brain..
  • #577,043
  • Feb 9, 2021 1:45pm Feb 9, 2021 1:45pm
Quoting abconqq7
Don't worry, everybody. A big drop is coming. Fasten your seat belt!
yeah? How do you say that?

Like the famous economist John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
My Currency is Urgency
  • #577,044
  • Feb 9, 2021 1:46pm Feb 9, 2021 1:46pm
STOP!!! MF
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yes yes yes
  • #577,045
  • Feb 9, 2021 1:46pm Feb 9, 2021 1:46pm
Short 500; remove 500 pips from here. That should be your TP. Do not buy. Short all the way down. You're welcome.
You can't backtest emotions.
  • #577,046
  • Feb 9, 2021 1:51pm Feb 9, 2021 1:51pm
GU approaching first monthly resistance 1.3820s talked about from my 1st February comment, maybe market will give bears some breath before flying to 1.3900s, although will like it to fly asap
Retrace will face said daily/weekly previous resistance now support 1.3770/90
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #577,047
  • Feb 9, 2021 1:53pm Feb 9, 2021 1:53pm
Quoting MoneyZilla
{quote} I mean the daily average price. Or the two-day average price, ext. Usually using the last 24 H1s or the last 6 H4s. I don't know what a pivot is in trading... I guess in math this should be a turning point or something?
How do you count an average price? Any indicators?
  • #577,048
  • Feb 9, 2021 1:56pm Feb 9, 2021 1:56pm
how people can speak about short for 500 pips or long for 500 pips.Its stupid.Gu had big daily sideways.Think about it.
  • #577,049
  • Feb 9, 2021 1:57pm Feb 9, 2021 1:57pm
I hope everyone having long positions had good profit today (including me). Even though it was too early to close and breaking 1.38 was not anticipated by many of us.
But now being done, what is in store for tomorrow? What are the big boys doing with the news?
I expect to go down as I guess the news are already priced in today. But if it goes higher without retracement I am anticipating 1.3880.

I am already seeing signs at the time of writing as- 'London bridge is falling down" .
My observation may be wrong but intent correct. Stay calm!
  • #577,050
  • Feb 9, 2021 1:59pm Feb 9, 2021 1:59pm
Quoting vmelnikov
{quote} How do you count an average price? Any indicators?

Using a simple 24 MA on H1 here. It gives just a slight advantage (not a game changer) on the draw-down side.
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Maadik Hugiis. IQ 69.
  • #577,051
  • Feb 9, 2021 2:00pm Feb 9, 2021 2:00pm
We are due for 500 - 800 pips decline anywhere from current 1.38 to 1.33 - 1.30 in days/weeks ahead.
Data + Stat + Risk/Emotions Management
  • #577,052
  • Feb 9, 2021 2:03pm Feb 9, 2021 2:03pm
but before it it can go to 1.42 for example.only like sceanario.
  • #577,053
  • Feb 9, 2021 2:07pm Feb 9, 2021 2:07pm
Quoting vmelnikov
{quote} How do you count an average price? Any indicators?
Vwap
  • #577,054
  • Feb 9, 2021 2:13pm Feb 9, 2021 2:13pm
Quoting Georginson
We are due for 500 - 800 pips decline anywhere from current 1.38 to 1.33 - 1.30 in days/weeks ahead.
if we had a dollar for everytime you called a drop and instead it made new highs, we all might not need to trade forex!!
My Currency is Urgency
  • #577,055
  • Feb 9, 2021 2:14pm Feb 9, 2021 2:14pm
Hello guys,

1.3800 price level has been breached.

Lets see where the next resistance might be.

Please trade safely.
  • #577,056
  • Feb 9, 2021 2:15pm Feb 9, 2021 2:15pm
Quoting Forexmint
{quote} if we had a dollar for everytime you called a drop and instead it made new highs, we all might not need to trade forex!!
You might need to read my analysis and arrays of posts properly before you give this sarcastic comment.

This remains valid...
Attached Image (click to enlarge)
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Data + Stat + Risk/Emotions Management
  • #577,057
  • Feb 9, 2021 2:21pm Feb 9, 2021 2:21pm
There is NO shift in the upward trend, yet.
The GBP buys need to start shrinking, for the trend to shift...
Will be gladly buying the GBP in any small or big bear farts...
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Maadik Hugiis. IQ 69.
  • #577,058
  • Feb 9, 2021 2:23pm Feb 9, 2021 2:23pm
I just joined FF and have a question for your experience. when the big sell off occured in March there wasn't much retracement going on on the way down? is that similar to whats happening now? it started on 9th March any correlation to 9th Feb?
  • #577,059
  • Edited 2:35pm Feb 9, 2021 2:25pm | Edited 2:35pm
Quoting parshal
I hope everyone having long positions had good profit today (including me). Even though it was too early to close and breaking 1.38 was not anticipated by many of us. But now being done, what is in store for tomorrow? What are the big boys doing with the news? I expect to go down as I guess the news are already priced in today. But if it goes higher without retracement I am anticipating 1.3880. I am already seeing signs at the time of writing as- 'London bridge is falling down" .
parshal, stick with your own charts, you got a perfect analysis of the dollar index for today...build on it...below what I see...Lately, ADR (I use ATR) is not so great but 60-70 pips is doable.
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Always trade your own plan...I don't provide trading signals.
  • #577,060
  • Feb 9, 2021 2:36pm Feb 9, 2021 2:36pm
folks, on the M/TF cable is clearly heading to 1.5
today is just a start. yesterday, last week and last month candlesticks are made to bush.

here's Clean & Clear breakout on D/TF
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