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Cable Update (GBPUSD)

  • #597,341
  • May 25, 2021 9:36am May 25, 2021 9:36am
Get some ideas from this guy.. i made few winning deals thru this chart
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  • #597,342
  • May 25, 2021 9:43am May 25, 2021 9:43am
Quoting babayaga
{quote} I sold a "small" position let's see P.S. there is nothing here.., everything lower {image}
Me to but i closed it with few dollars
I cant trade gold but scalping until real setup.
btw, this is a new long setup 1895 was the end of my 1st tp zone, a break with close could fly it to 1904-1907

i will send the chart later if it will matter, via iphone screen shot its unreadable cause this is base fib extension.
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  • #597,343
  • May 25, 2021 9:46am May 25, 2021 9:46am
Quoting mercurio.
{quote} You need strong confirmation for longs there's a lot of downward momentum. Large short orders were filled at the .42 order block, banks were accumulating retail positions to dump which is why I said we would not create a new high.

Thank you Sir.

I'm Newbie, didn't know bank were dumping. I think

I've this long scalping positions still open.

What do I do then ?



Thanks mercurio for your help.

Regards

Sang Real
  • #597,344
  • May 25, 2021 9:50am May 25, 2021 9:50am
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yes yes yes
  • #597,345
  • May 25, 2021 9:52am May 25, 2021 9:52am
Quoting Tim_isoara
{quote} It's like a 5-6 minutes candle.
Just produces clean charts for scalping.

Easy to see s/r. Double tops, double bottoms, harmonics, etc
"A true speculator tries the market small." - Jesse Livermore
  • #597,346
  • May 25, 2021 9:54am May 25, 2021 9:54am
Quoting Sang.Real
{quote} Thank you Sir. I'm Newbie, didn't know bank were dumping. I think I've this long scalping positions still open. What do I do then ? Thanks mercurio for your help. Regards Sang Real
There's no problem brother trade what you see. Only that GU is most probably heading further down with momentum from larger orders and you want to make sure you have good confirmation so you don't get caught long in a pullback before we go down again.
  • #597,347
  • May 25, 2021 9:58am May 25, 2021 9:58am
Hmmmm.

Look at dem buy orders.
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"A true speculator tries the market small." - Jesse Livermore
  • #597,348
  • May 25, 2021 10:03am May 25, 2021 10:03am
14130 seems to be acting as a support. A decent break below should open up 141. As it stands we could end up back on a minimum daily change
Insane in the Brain..
  • #597,349
  • May 25, 2021 10:16am May 25, 2021 10:16am
Quoting BeeTogether
14130 seems to be acting as a support. A decent break below should open up 141. As it stands we could end up back on a minimum daily change
It is playing at 200 EMA as I see at 1h chart. It needs to break through I guess. Newbie here, I may be wrong.
  • #597,350
  • May 25, 2021 10:17am May 25, 2021 10:17am
Quoting BeeTogether
14130 seems to be acting as a support. A decent break below should open up 141. As it stands we could end up back on a minimum daily change
don't worry, your going to be green soon.
hourly below 1.4115 and your nightmares are history.
  • #597,351
  • May 25, 2021 10:29am May 25, 2021 10:29am
For sellers, a lot of frustrations are in place... 1.41300, 1.4100, 1.40850..... patience is the key.... today daily can be a nice tail red candle close is a good sign.... as these are last few trading days for this month anything is possible....
Extreme gut feeling trader
  • #597,352
  • May 25, 2021 10:33am May 25, 2021 10:33am
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late vpn Routage

contraption con-template de val utah
  • #597,353
  • May 25, 2021 10:35am May 25, 2021 10:35am
Quoting montygoldy
For sellers, a lot of frustrations are in place... 1.41300, 1.4100, 1.40850..... patience is the key.... today daily can be a nice tail red candle close is a good sign.... as these are last few trading days for this month anything is possible....

Looks like its consolidating for a push higher to me.

Same thing happened back in April.

Look at how it rides the Bollinger bands on the daily chart.

It's also consistently bouncing around the 50 mark on rsi.
"A true speculator tries the market small." - Jesse Livermore
  • #597,354
  • May 25, 2021 10:40am May 25, 2021 10:40am
The imbalance on battlefield ...This is what moves but also attract ( back to the original level ) the price ....( algorithmic simulation buyers vs sellers ).
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I'm The Real Deal Quant-XR ,The Financial Hacker
  • #597,355
  • May 25, 2021 10:44am May 25, 2021 10:44am
With volatility, the exponential averages of 5 and 13 are very good to follow.
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  • #597,356
  • May 25, 2021 10:48am May 25, 2021 10:48am
Damn I tried to place a graphic card in my pc and I thought I killed the motherboard, turns out after buying specs to build a pc, the damn gpu would not fit..good to be back..you guys buying or selling? I am still in sell position since I was last in here
  • #597,357
  • May 25, 2021 10:49am May 25, 2021 10:49am
Quoting Jgcole83
{quote} Looks like its consolidating for a push higher to me. Same thing happened back in April. Look at how it rides the Bollinger bands on the daily chart. It's also consistently bouncing around the 50 mark on rsi.

really?
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  • #597,358
  • May 25, 2021 10:53am May 25, 2021 10:53am
Quoting Pipa1
The imbalance on battlefield ...This is what moves but also attract ( back to the original level ) the price ....( algorithmic simulation buyers vs sellers ).{image}
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  • #597,359
  • May 25, 2021 10:56am May 25, 2021 10:56am
Quoting Sorobanista
{quote} {image}
61% there, it's even better ... let the drop begin
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #597,360
  • May 25, 2021 11:04am May 25, 2021 11:04am
Quoting mysterio
Wild stab at what's next. Up to 1.42ish then crash again to 1.41. Maybe. Would fit in with the M pattern. Not trading it purely for shits and giggles, will see where we're at in the morning. https://www.tradingview.com/x/oZMVlUty/
It is done pretty much. The neckline is highly likely to break next to open up 1.40. Might happen overnight or tomorrow. Approaching weekly target area. IMHO
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