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Cable Update (GBPUSD)

  • #580,721
  • Feb 25, 2021 7:07pm Feb 25, 2021 7:07pm
Quoting Headland
...on the dly 3951- circa 3910 is the last dly sw hi zone =prev res = pot rbs, before the 4242 swing hi There are fibs in the zone as well. Dly below. {image}
Price @ the current dly lo hit top of this zone referred to earlier - the prev dly sw hi zone beginning @ 3951 - likely circa 3910, hence the strong bounce - an obvious prev res = potential rbs zone... Dly below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #580,722
  • Feb 25, 2021 7:18pm Feb 25, 2021 7:18pm
Quoting mysterio
Elliot wave people- could that be considered an ABC correction and back to bullish? Or beginning of a downtrend? Whats the feeling? GBP yields still very high and DXY should be continuing bearish... Don't know much about EW, never implemented it but the more I see you guys post about it the more I notice it in the charts and I'm trying to implement more positional trading alongside scalping
This move is ABC and back to bullish or 123 a retrace 4 around 1.4040 than down for 5.
  • #580,723
  • Feb 25, 2021 7:41pm Feb 25, 2021 7:41pm
If it crazy. Then im crazy enough buy it now. Cheers. Dun give up guys
  • #580,724
  • Feb 25, 2021 8:08pm Feb 25, 2021 8:08pm
Quoting coryaaron
{quote} Congrats, now remain humble with your trades and keep those pips up (:
Yea. Thanks. I'm done for the week. Next week, I will start scouting for a new opportunity.
  • #580,725
  • Feb 25, 2021 8:44pm Feb 25, 2021 8:44pm
Quoting Lastaccount
We're going down to 1.3930 as HARD SUPPORT for seller
still valid, targeting 1.3935
  • #580,726
  • Edited 9:01pm Feb 25, 2021 8:50pm | Edited 9:01pm
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  • #580,727
  • Feb 25, 2021 9:32pm Feb 25, 2021 9:32pm
Attached Image (click to enlarge)
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H4
DAILY
  • #580,728
  • Feb 25, 2021 9:45pm Feb 25, 2021 9:45pm
Attached Image (click to enlarge)
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CHANNELS
***
FIBO EXTENSION 127.2 = 1.45000
  • #580,729
  • Feb 25, 2021 10:02pm Feb 25, 2021 10:02pm
Attached Image (click to enlarge)
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yes yes yes
  • #580,730
  • Feb 25, 2021 10:03pm Feb 25, 2021 10:03pm
May be 4023 is hogh today.
Or 4040
Intraday only.
  • #580,731
  • Feb 25, 2021 10:19pm Feb 25, 2021 10:19pm
Quoting TerpFan2
{quote} Brother Georginson... 'Time we wake up from our Nap(s)- GRAB MOTY & HIS HAMMER... DOWN PERISCOPE !
The Hammer did work just fine...
Data + Stat + Risk/Emotions Management
  • #580,732
  • Feb 25, 2021 10:26pm Feb 25, 2021 10:26pm
GU may see 1.39 in this deep correction. The primary trend is still strongly bullish. EURGBP is nearing 0.87 psychological level which may prove to be a resistance.
Attached Image (click to enlarge)
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  • #580,733
  • Feb 25, 2021 10:45pm Feb 25, 2021 10:45pm
Quoting Sang.Real
{quote} Hi NAVK. Here's is my take of reversal point I'm taking H1 SNR level where price may reverse during London/New York Session. You comment on this much appreciated. The zone marked is 1.40500 and 1.40200. Thanks Sang Real {image}
3945/40 in my opinion, then retrace.
Intraday only.
  • #580,734
  • Feb 25, 2021 10:54pm Feb 25, 2021 10:54pm
Attached Image (click to enlarge)
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yes yes yes
  • #580,735
  • Feb 25, 2021 10:59pm Feb 25, 2021 10:59pm
this is the retrace/reversal point for GU.

IMO

MY stop 3943

And today close probably 4060?
Intraday only.
  • #580,736
  • Feb 25, 2021 11:06pm Feb 25, 2021 11:06pm
Quoting navk
this is the retrace/reversal point for GU. IMO MY stop 3943 And today close probably 4060?
yes , round number 1.39500
this 300 pips drop have to be retrace
Attached Image (click to enlarge)
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yes yes yes
  • #580,737
  • Feb 25, 2021 11:18pm Feb 25, 2021 11:18pm
Quoting Moty
{quote} yes , round number 1.39500 this 300 pips drop have to be retrace {image}
IMO,

This 300 pip drop will retrace at least 50 % to start with, that is today.
Intraday only.
  • #580,738
  • Feb 25, 2021 11:26pm Feb 25, 2021 11:26pm
Moty, I appreciate your contributions. Just that you alone are against the market in 30%. Sam took a month's look, so I don't understand why he doesn't stick to it. I also don't understand why you sell positions, when your Emma on higher frames tells you the opposite. As you say, running with the market.
  • #580,739
  • Feb 25, 2021 11:32pm Feb 25, 2021 11:32pm
Quoting Vincent1
{quote} You spend days, weeks, months studying to understand if it is possible to "predict" future movements. Sometimes you don't even think it's possible, but you keep studying Then you really apply the study and ..... what a satisfaction !!! {image}
24% return in one day? what is this?
is this your real acc with all your money in it?
  • #580,740
  • Feb 25, 2021 11:42pm Feb 25, 2021 11:42pm
Time to position your trades across the board. Another shit show is about to happen US session
Ret
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