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Cable Update (GBPUSD)

  • #611,361
  • Jul 21, 2021 9:21pm Jul 21, 2021 9:21pm
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #611,362
  • Jul 21, 2021 9:28pm Jul 21, 2021 9:28pm
Quoting KiwiTrada
{quote} mate recheck your gold chart, you rising tl is rubbish, the easiest buy ever was 1794 96, previous 4hr low, I didnt get it, because a was micromanaging shorts, that now becomes bench mark for bears, break or bounce ?
i am short , the tl will not hold , i know
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yes yes yes
  • #611,363
  • Jul 21, 2021 9:59pm Jul 21, 2021 9:59pm
Quoting Moty
{quote} i am short , the tl will not hold , i know {image}
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #611,364
  • Jul 21, 2021 10:13pm Jul 21, 2021 10:13pm
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yes yes yes
  • #611,365
  • Jul 22, 2021 12:25am Jul 22, 2021 12:25am
Even the smallest of thoughts have the potential to become the biggest of successes. All you have to do is get up and get going.
Good Morning!
Intraday Trading is an Art _ hoda
  • #611,366
  • Jul 22, 2021 12:40am Jul 22, 2021 12:40am
Quoting mysterio
{quote} Out BE, revisit tomorrow Stong bulls, seems more like a reversal to me based on the DXY situ, been expecting the reversal to kick in there for a wk or two. Not sure.
Watching this zone for a short again waiting for confirmation
  • #611,367
  • Jul 22, 2021 1:03am Jul 22, 2021 1:03am
si o no
have to leave
see you
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dolce vita
  • #611,368
  • Jul 22, 2021 1:23am Jul 22, 2021 1:23am
Sold it !!!!!
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yes yes yes
  • #611,369
  • Jul 22, 2021 1:27am Jul 22, 2021 1:27am
Second crash is near, this can fall anywhere between 1.3730 - 1.3770... any rise is a sell.
Data + Stat + Risk/Emotions Management
  • #611,370
  • Jul 22, 2021 1:29am Jul 22, 2021 1:29am
Quoting Georginson
Second crash is near, this can fall anywhere between 1.3730 - 1.3770... any rise is a sell.
1.37xx?
  • #611,371
  • Jul 22, 2021 1:29am Jul 22, 2021 1:29am
Quoting BigNumbers
PAY ATTENTION PLEASE!!! An Equilibrium position can appear on any time Frame but the higher the time Frame the more STRONGER it is.. Now I found an Equilibrium position on 30MIN time frame... and the zone is between 1.37262 and 1.37173 as specified on the chart and it's a RESISTANCE LEVEL.. I'm GOING SHORT HERE AND STOP LOSS IS 35 PIPS AND TP IS ABOUT 60 PIPS. Its a risky Trade as the Risk to reward ratio is not enticing... Please use your discretion!!!! If it breaks and retest then we can continue going LONG... {image}
Thank you, love those zones. May I ask if the time when the market left a void to when it return to the area has any bearing on the strength of the zone.
  • #611,372
  • Jul 22, 2021 1:31am Jul 22, 2021 1:31am
Quoting Georginson
Second crash is near, this can fall anywhere between 1.3730 - 1.3770... any rise is a sell.
What is the driver for the second crash?
  • #611,373
  • Jul 22, 2021 1:33am Jul 22, 2021 1:33am
Quoting Georginson
Second crash is near, this can fall anywhere between 1.3730 - 1.3770... any rise is a sell.
play below 1.37400 for me is a big crasher. that my limit of pullback for bear . above it , im not sure in bear anymore . better keep it below so we can crash the land
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #611,374
  • Jul 22, 2021 1:36am Jul 22, 2021 1:36am
Quoting IBabyTrader
{quote} What is the driver for the second crash?
The monthly and yearly chats have turned heavily bearish, this is a pullback to gather fresh selling momentum to 1.3570 then 1.3400 in days ahead.
Data + Stat + Risk/Emotions Management
  • #611,375
  • Jul 22, 2021 1:38am Jul 22, 2021 1:38am
Still holding here… waiting for LO for any move on taking hit. If the current trend is up no point shorting just yet.
Insane in the Brain..
  • #611,376
  • Jul 22, 2021 1:40am Jul 22, 2021 1:40am
imo, might touch the Daily R1 (classic and Demarks) before crash.
Will wait and watch LO
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  • #611,377
  • Jul 22, 2021 1:49am Jul 22, 2021 1:49am
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Intraday Trading is an Art _ hoda
  • #611,378
  • Jul 22, 2021 1:52am Jul 22, 2021 1:52am
Quoting mysterio
{quote} Watching this zone for a short again waiting for confirmation
It blasted through my zone and took -8 from me, I actually took quite an impatient entry short and paid for it

The trickery and fake moves are abound around pre-LO 7am time so have to be careful. This isn't the first time I've been caught around this time

I actually think GU will turn bullish, this is purely based on the DXY weekly supply which is now kicking in 92.6-93.4. I thought this move was starting last week so the further crash on GU took me off guard a bit. I'm just intraday PA scalping though I may as well toss a coin for swing calls

Right now just watching and waiting, don't want to get stung again. 1.3740 is an old SBR level. Although I'd expect a retrace after a strong move such as yesterday there's no rules to say this has to happen so wait and see for now.
  • #611,379
  • Jul 22, 2021 1:56am Jul 22, 2021 1:56am
Quoting dempire1
{quote} It's been a crazy past week for me. As you can see I've been losing for a bit now but doesn't mean my analysis is/was wrong (entries suck ). It's still between the ranges. I still think that Dollar is bearish. Still sticking to previous "bias". {image}
Morning traders!

2 weeks later still same picture. Haven't changed overall trend to bullish for dollar. As long as this rejecting holds it should start falling for another "area" stated in previous posts.

GU cleaned 1.367 and started breaking to the upside but overall bulls are not yet confirmed(making LH on daily as of this moment).

Good luck everyone and don't change trend every minute
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How to succeed in zero sum game?
  • #611,380
  • Jul 22, 2021 2:03am Jul 22, 2021 2:03am
Quoting Madanmohanca
{quote} Hi All, Good Morning ! As per analysis GBPUSD bull back has done yesterday, Still it was in bearish trend until in cross over and close above 1.37447. If any one is planning to go short 1. wait for rejection 1.37447 2. close below 1.36835 you will see good movement, in between gab it's trap. if it's down trend we can see 1.36597 --->1.36280-->1.35917 ---->1.35316 are targets and reversible area's for uptrend it need to break the resistance zone 1.37253 to 1.37447 then we can see 1.37970 and more My view it will move down then follow the...


wait for few more bars and take position accordingly

Current scenario will decide to stay on bear or to move on bull don't fall in trap
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