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Cable Update (GBPUSD)

  • #580,781
  • Feb 26, 2021 2:20am Feb 26, 2021 2:20am
Quoting mysterio
Now-where to buy Gold?? 1745/47?
I will try at 1725 - 1720 area. I can't draw patterns, so don't know if it's a valid one
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Air force
  • #580,782
  • Feb 26, 2021 2:20am Feb 26, 2021 2:20am
G/M, price touched the bottom of that prev dly sw hi zone that began @ 3951 @ the current dly lo, (with 50% 3566-4242) acting as rbs....also the top of a separate prev 1hr/4hr sw hi zone that extends to circa 3892. Price is now @ 129% of 30day adr, 140% 13wk awr, and 136% 6mth amr. Dly below.

We now have the largest pullback since the move up from 3188.
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Trader with an Edge.
  • #580,783
  • Feb 26, 2021 2:21am Feb 26, 2021 2:21am
Quoting mysterio
{quote} I get what you're saying but I like to trade tops and bottoms, get in at the best possible price and get in before the move happens not when its half done. If you know your zones and can read PA it works fine. You need to be very careful with stops and be prepared to exit quickly. Look for clues in other markets, for example using DXY as an extra confirmation. Can wait for confirmation and a pullback too
well fair enough.
but when price is making this kind of a dive, the turn will be accompanied by several pullback tests.
You might call the bottom and then be stopped out several times before catching the reversal.
Why not wait for a pullback test to confirm ?
in wondering about yourself, you forgot what you came here to be part of
  • #580,784
  • Feb 26, 2021 2:21am Feb 26, 2021 2:21am
Quoting Theoak
Long in at 1.3937 Lets have a go. I can start seeing short term momentum
OUT 10 pip loss Flipped it back on with the bears target 1.39
Don't trade what you think. Just what you see!!!
  • #580,785
  • Feb 26, 2021 2:25am Feb 26, 2021 2:25am
Quoting navk
earlier longs stopped out. now long at 3903. stop 3901
BE now
Intraday only.
  • #580,786
  • Feb 26, 2021 2:26am Feb 26, 2021 2:26am
... 4hr bullish hidden div is fully developed so long as 3829 holds. 4hr is below.
-----------------------------------------------------------------------
3885-70 is a 5 fib cluster of fibs from major swing lo's to 4242
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Trader with an Edge.
  • #580,787
  • Feb 26, 2021 2:29am Feb 26, 2021 2:29am
I'm out of this. I think there is defo bull momentum coming through after hitting the round number. I've had two bad calls in a row. Going to sit on hands!
Don't trade what you think. Just what you see!!!
  • #580,788
  • Feb 26, 2021 2:29am Feb 26, 2021 2:29am
Quoting BeeTogether
139 could act as a bounce area...
Damn, it was perfect. I missed it, asleep at the wheel! Hope it dives a bit lower to my target buy zone but it could easily be the bottom for the morning
  • #580,789
  • Feb 26, 2021 2:31am Feb 26, 2021 2:31am
Quoting Moty
{image}
Nice chart..
  • #580,790
  • Feb 26, 2021 2:32am Feb 26, 2021 2:32am
So...what about your long? ... I TOLD YOU the market is rigged. "Normal" behaviour and what all I could hear from "experts" here. You have to make your homework.

See what happens now?? They have to cover their GBP positions, the hugest fraud for a decade my friends. I hope their will be an investigation about that. I can see the selling patterns and I can tell you that they unload like hell.

Besides, don't take the high on the chart on GBP/USD. Their was no market, that spike was rediculous to fake the technicals because everyone measures the Fib's and pips from that point. The reason behind that is, that you technical analysis get mixed up and you buy again too early (and lots of you did, right?).

I SHORTED. But again, this was a coordinated attack, the biggest since 10 years. People who are doing that got in trouble for less (Banks had to pay at least millions of Euros for manipulating the markets from around 2012-2018).

The billionaires get greedy. Even more, everywhere. Prepare to fight retailers.
  • #580,791
  • Feb 26, 2021 2:32am Feb 26, 2021 2:32am
Finally, come on bulls
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yes yes yes
  • #580,792
  • Feb 26, 2021 2:37am Feb 26, 2021 2:37am
Goldi for 20 pts
Come on goldi up up and away we go
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yes yes yes
  • #580,793
  • Feb 26, 2021 2:44am Feb 26, 2021 2:44am
Quoting JackintheBox
So...what about your long? ... I TOLD YOU the market is rigged. "Normal" behaviour a....
I say this as a fellow retail trader - The 'exaggerated' move on early hours weds morning (gmt) was big stops being triggered and traders taking advantage of low liquidity in the Asian session on the back of those big stops being triggered.... This conspiracy is horse shit....there is no conspiracy ...it is just the market. Yes there was some rigging of LIBOR a few years back and it was closed down. As for retailers fighting back - we are not collectively big enough and in any event there's no need - it was a great technical short. Stop moaning and just trade what you see - it's been a great move. I'm not going to get into a debate about it...just putting the other side ie real news vs alternative facts/fake news...you decide.
Trader with an Edge.
  • #580,794
  • Feb 26, 2021 2:46am Feb 26, 2021 2:46am
I'm looking at this (on hands), this could keep going up or turn and dive back down!!!

I hope this helps!!
Don't trade what you think. Just what you see!!!
  • #580,795
  • Feb 26, 2021 2:48am Feb 26, 2021 2:48am
Quoting navk
earlier longs stopped out. now long at 3903. stop 3901
yes, at last, I am getting some pips.

Stopped out at least on 3 occasions.
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Intraday only.
  • #580,796
  • Feb 26, 2021 2:48am Feb 26, 2021 2:48am
Quoting mysterio
{quote} Damn, it was perfect. I missed it, asleep at the wheel! Hope it dives a bit lower to my target buy zone but it could easily be the bottom for the morning
don’t worry I think there will be other opportunities. I missed the drop whilst out on my walk. I should have just taken b/e and gone short. But was waiting for one leg up to 142
Insane in the Brain..
  • #580,797
  • Feb 26, 2021 2:52am Feb 26, 2021 2:52am
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yes yes yes
  • #580,798
  • Feb 26, 2021 2:54am Feb 26, 2021 2:54am
Quoting Moty
{image}{image}{image}
Moty if it goes back over 141 next week I’d be a very happy man lol... although being a new month we could see challenges
Insane in the Brain..
  • #580,799
  • Feb 26, 2021 2:55am Feb 26, 2021 2:55am
Quoting jackinthebox
so...what about your long? ... I told you the market is rigged. "normal" behaviour and what all i could hear from "experts" here. You have to make your homework. See what happens now?? They have to cover their gbp positions, the hugest fraud for a decade my friends. I hope their will be an investigation about that. I can see the selling patterns and i can tell you that they unload like hell. Besides, don't take the high on the chart on gbp/usd. Their was no market, that spike was rediculous to fake the technicals because everyone measures the fib's...

what if dxy falls more than expected
  • #580,800
  • Feb 26, 2021 3:10am Feb 26, 2021 3:10am
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yes yes yes
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