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Cable Update (GBPUSD)

  • #620,321
  • Aug 31, 2021 9:13am Aug 31, 2021 9:13am
Attached Image (click to enlarge)
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  • #620,322
  • Aug 31, 2021 9:14am Aug 31, 2021 9:14am
Quoting Pat Chiko
GU Scalp {image}
Long scalp?
Insane in the Brain..
  • #620,323
  • Aug 31, 2021 9:16am Aug 31, 2021 9:16am
Quoting Jolita
{quote} Typical! SL is not my thing. I only would apply over weekend if a position is at high risk. I know is risk taking, so it's FX.
Stop loss is not my thing too.
I always, always know when my setup has been invalidated and when to cut my losses. But I do use positive SL once a trade is in my favour
  • #620,324
  • Aug 31, 2021 9:17am Aug 31, 2021 9:17am
Quoting genadi
today was bad day for me, took 2 trades, got beaten 2 times hope you all were doing better than me
Sorry about that Bro. That's part of the business
  • #620,325
  • Aug 31, 2021 9:22am Aug 31, 2021 9:22am
Quoting kenny4real
{quote} Stop loss is not my thing too. I always, always know when my setup has been invalidated and when to cut my losses. But I do use positive SL once a trade is in my favour
Me too usually! However I got stuck in a work call and couldn’t amend the SL quick enough for the fall. I actually tried to remove the SL but couldn’t for some reason and then dragged the level down to daily pivot thinking it would bounce back
Insane in the Brain..
  • #620,326
  • Aug 31, 2021 9:22am Aug 31, 2021 9:22am
Quoting Wavegarrick
{quote} My weekly pivot at 1.37223 beckons. Have a great day, Cheers. {image}
That's exactly like my entry. Took my sell from 1.38000
  • #620,327
  • Aug 31, 2021 9:48am Aug 31, 2021 9:48am
With all the rejection at this point 3750. Looks like a demand zone. I’m looking/hoping for more bear action since they finally came out of hibernation at 13800. Is anybody buying here?
  • #620,328
  • Aug 31, 2021 9:50am Aug 31, 2021 9:50am
Quoting Mr.Burger
{quote} if the price continues north, it will be right at the top of the fifth wave from point ( C ) to become a bearish gartley, super strong resistance pattern {image}
I'm not sure double divergence on 5th wave at 1.3800 ( M30 ) make the price fall even more, that's why I decided to stay

Attached Image (click to enlarge)
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Daddy, Brother, Lover, Little Boy
  • #620,329
  • Aug 31, 2021 9:53am Aug 31, 2021 9:53am
Quoting Mr.Burger
{quote} I'm not sure double divergence on 5th wave at 1.3800 ( M30 ) make the price fall even more, that's why I decided to stay {image}
is it a demo acc?
  • #620,330
  • Aug 31, 2021 9:55am Aug 31, 2021 9:55am
Quoting Jwh1435
With all the rejection at this point 3750. Looks like a demand zone. I’m looking/hoping for more bear action since they finally came out of hibernation at 13800. Is anybody buying here?
potentially a rise above 138 could see higher areas. Although a rejection could be the trigger to drop below 137. Again I could be wrong
Insane in the Brain..
  • #620,331
  • Edited 9:32pm Aug 31, 2021 10:00am | Edited 9:32pm
Quoting genadi
{quote} is it a demo acc?
I will give you investors pass but not now
Daddy, Brother, Lover, Little Boy
  • #620,332
  • Aug 31, 2021 10:05am Aug 31, 2021 10:05am
Attached Image (click to enlarge)
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yes yes yes
  • #620,333
  • Aug 31, 2021 10:09am Aug 31, 2021 10:09am
Quoting BeeTogether
{quote} potentially a rise above 138 could see higher areas. Although a rejection could be the trigger to drop below 137. Again I could be wrong
yes, it will go either to 1.38 or 1.37

you will see, i am 100% sure of that
  • #620,334
  • Aug 31, 2021 10:10am Aug 31, 2021 10:10am
Quoting genadi
{quote} yes, it will go either to 1.38 or 1.37 you will see, i am 100% sure of that
and i can not be wrong about this
  • #620,335
  • Aug 31, 2021 10:17am Aug 31, 2021 10:17am
Quoting genadi
{quote} and i can not be wrong about this
  • #620,336
  • Aug 31, 2021 10:39am Aug 31, 2021 10:39am
GU buy 1.375 swing to 1.39
  • #620,337
  • Aug 31, 2021 10:41am Aug 31, 2021 10:41am
Quoting Luke97
GU buy 1.375 swing to 1.39
That’s the sweet spot although JB mentioned 140 which is even better
Insane in the Brain..
  • #620,338
  • Edited 11:09am Aug 31, 2021 10:54am | Edited 11:09am
Think the dxy rebound should continue to 93 area, so I target down to around 1.37 on cable next likely. We have an h1 zone down there 1.37024-37199

To me looks like a large wedge/bearflag forming on h1/h4 so watching to see what happens there, stubbornly remaining bearish for now. I see the daily tried to breakout today but failed.

1.3806-3830 seems like a pretty strong h4 supply, gonna be tough to crack it i think. Can also see the wisdom of a trip up to 1.40 maybe necessary if we are to continue bearish

Watch around 1.373x tomorrow, seems like a solid level too
  • #620,339
  • Aug 31, 2021 10:58am Aug 31, 2021 10:58am
Buys are set.
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  • #620,340
  • Aug 31, 2021 11:00am Aug 31, 2021 11:00am
btc is making my day 45000 soon
MY OPINION NOT FINANCIAL ADVISE
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