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Cable Update (GBPUSD)

  • #611,521
  • Jul 22, 2021 8:37am Jul 22, 2021 8:37am
Quoting chess king
G/J has 5150 as target and R and G/U 3778
Both reached ... now shorted 3786
  • #611,522
  • Jul 22, 2021 8:39am Jul 22, 2021 8:39am
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yes yes yes
  • #611,523
  • Jul 22, 2021 8:41am Jul 22, 2021 8:41am
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yes yes yes
  • #611,524
  • Jul 22, 2021 8:41am Jul 22, 2021 8:41am
Quoting MoneySucker
Am I the only one who think price would go all the way to 3820 (and slightly above)?
1.3820 is my final target for my long. It is a confluence area where fibo level of 38.2%, a trendline, and an intraday fibo expansion meet.
I closed half @1.3775 and moved sl to continue risk free.
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  • #611,525
  • Jul 22, 2021 8:49am Jul 22, 2021 8:49am
Quoting here2there
I just placed a sell market order at 37744. My sell limit orders are still intact, waiting to be filled. To those who might want to know why I am selling, see this post.
same thoughts as you. i just shorted. Cheers buddy. Whats ur TP?
  • #611,526
  • Jul 22, 2021 8:50am Jul 22, 2021 8:50am


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  • #611,527
  • Jul 22, 2021 8:54am Jul 22, 2021 8:54am
Quoting here2there
Price has reached a high volume area. Buyers should take caution at this price. {image}
Hi here2there, may I ask where you get the volume depth of market from? I’m trying to find a good one to improve my volume price analysis.
  • #611,528
  • Jul 22, 2021 8:54am Jul 22, 2021 8:54am
Why do I place multiple limit orders around key psychological levels? It is in expectation that the highest or the lowest filled limit order (depends on whether I am buying or selling) will cancel out the less desirable entries. When price reaches the less desirable entries, those trades get closed out at about 2 pips in profit, and the highest or the lowest filled limit order continues to run. In other words, the best entry remains intact. If price doesn't reach the highest or the lowest limit order, then there is a high probability I will still be in the game at a good price. There is risk in using limit orders. But the risk is worth taking in my opinion. One has to be careful to put limit orders in reasonable places to lower the risk.
Learn from your mistakes and march on.
  • #611,529
  • Jul 22, 2021 8:55am Jul 22, 2021 8:55am
Quoting Vincent1
The break of 1.3748 should start a new bearish cycle, if bears are able to protect 1.3775
Bears were not able to defend 1.3775, structure has changed a little bit

Now level to watch for place Sell Stop is at 1.3759, if structure doesn't change again
  • #611,530
  • Jul 22, 2021 8:56am Jul 22, 2021 8:56am
Quoting MoneySucker
Am I the only one who think price would go all the way to 3820 (and slightly above)?
I’m with you and more. Looking at 13850 which might be make or break for the bull run. Above it and potentially opens up 139. Below it and we could see 136 again
Insane in the Brain..
  • #611,531
  • Edited 9:11am Jul 22, 2021 8:58am | Edited 9:11am
Prices broke through 1.37600 Resistance Level and made it support Although the trend is showing a sign of weakness but it may get to 1.3800 Resistance level if prices reject in this resistance level then we look for short position but if it breaks through and make it Support.. it means there will be a bit of consolidation for price to regain its strength and continue in the upward direction..

The movement of price is DYNAMIC that's why we can NOT assume on going LONG OR SHORT... It is what the price gives that we follow...

GOOD LUCK

BigNumbers
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My telegram: https://t.me/avidforex
  • #611,532
  • Jul 22, 2021 8:59am Jul 22, 2021 8:59am
Quoting MoneySucker
Am I the only one who think price would go all the way to 3820 (and slightly above)?
three PP are missing.., weekly, Monday's and today's
which one she prefers to come first at
???
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dolce vita
  • #611,533
  • Jul 22, 2021 9:00am Jul 22, 2021 9:00am
Quoting Bainbrito
{quote} Hi here2there, may I ask where you get the volume depth of market from? I’m trying to find a good one to improve my volume price analysis.
Note: this is not a recommendation. But to answer your question, the one you see on my screenshot is from TradingView.
Learn from your mistakes and march on.
  • #611,534
  • Jul 22, 2021 9:02am Jul 22, 2021 9:02am
if down.., it have to be one hundred (apr. 120) pips

what do you think
???
dolce vita
  • #611,535
  • Jul 22, 2021 9:04am Jul 22, 2021 9:04am
Quoting here2there
{quote} Note: this is not a recommendation. But to answer your question, the one you see on my screenshot is from TradingView.
This is tick volume on spot forex remember guys

You will need something like Sierra charts to get the true contract volume/DOM on the futures market

Sorry probably telling you what you already know
  • #611,536
  • Jul 22, 2021 9:04am Jul 22, 2021 9:04am
That wick looks like bullish on the hourly
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Insane in the Brain..
  • #611,537
  • Jul 22, 2021 9:06am Jul 22, 2021 9:06am
back to 3750 byers needed tl at , that ,,,,, fibs 23% is 3736,,,38% 3710 and support is a bit stronger there,,,, 50% 3680 3rd support but lets see if the trades move that way
  • #611,538
  • Jul 22, 2021 9:09am Jul 22, 2021 9:09am
The bears are finally resisted @138 and looking to plonge to 135
  • #611,539
  • Jul 22, 2021 9:09am Jul 22, 2021 9:09am
My average sell price is 3775.

Let us see if this can fall to 3700/3675
Intraday only.
  • #611,540
  • Jul 22, 2021 9:10am Jul 22, 2021 9:10am
Quoting Vincent1
{quote} Bears were not able to defend 1.3775, structure has changed a little bit Now level to watch for place Sell Stop is at 1.3759, if structure doesn't change again
First attempt

2 Short Orders activated by the Sell Stop at 1.3759, SL at 1.3787
Risk 3% as per MM
First TP at 1.3640
Second TP to be decided

SL to move in profit as soon as the market structure allows it (after test?)

What a beauty the candle on H1

Always the same strategy

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