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Cable Update (GBPUSD)

  • #627,001
  • Sep 29, 2021 11:36am Sep 29, 2021 11:36am
Quoting gatenio
{quote} 1.355—>1.3592 m30 confirmation is on, i need 1h for such a move. waiting to load more longs
Nope. Dead.

keep waiting
  • #627,002
  • Sep 29, 2021 11:38am Sep 29, 2021 11:38am
Quoting gatenio
{quote} 1.355—>1.3592 m30 confirmation is on, i need 1h for such a move. waiting to load more longs
if down to 1.3360 i see limited up to 1.3510 for another down to 1.30
  • #627,003
  • Sep 29, 2021 11:44am Sep 29, 2021 11:44am
Quoting Lastaccount
{quote} if down to 1.3360 i see limited up to 1.3510 for another down to 1.30
massive bearish pressure.
but m30 leaving structure untested.. too many times.

maybe im a dreamer.
  • #627,004
  • Sep 29, 2021 11:46am Sep 29, 2021 11:46am
Quoting gatenio
{quote} massive bearish pressure. but m30 leaving structure untested.. too many times. maybe im a dreamer.
Simple case of stop loss hunting, to surge to 1.3500 area soon.
Data + Stat + Risk/Emotions Management
  • #627,005
  • Sep 29, 2021 11:48am Sep 29, 2021 11:48am
Quoting Georginson
{quote} Simple case of stop loss hunting, to surge to 1.3500 area soon.
i really see it higher than that.
Not much higher for 1 wave.. but higher.
  • #627,006
  • Sep 29, 2021 11:49am Sep 29, 2021 11:49am
Quoting Georginson
{quote} Hey Garrick... Here is a Quick Stat last 7 years September September 2014: - High 1.6643 - 1.6051 = 592 pips range September 2015: - High 1.5658 - 1.5107 = 551 pips range September 2016: - High 1.3444 - 1.2914 = 530 pips range September 2017: - High 1.3658 - 1.2905 = 753 pips range September 2018: - High 1.3298 - 1.2785 = 513 pips range September 2019: - High 1.2581 - 1.1958 = 623 pips range September 2020: - High 1.3482 - 1.2675 = 807 pips range Minimum Range = 513 pips Average Range = 660 pips Maximum Range = 807 pips From the above, it...
Minimum September Range of 500 pips met, projected 1.3300 area almost attained.
Data + Stat + Risk/Emotions Management
  • #627,007
  • Sep 29, 2021 12:01pm Sep 29, 2021 12:01pm
Look at the price move. I didn't trade on GB today but made some very good trades on Xauusd.

Waiting for the bounce on the 23%

No rush. Lets see
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  • #627,008
  • Sep 29, 2021 12:11pm Sep 29, 2021 12:11pm
LONG @ 1.3425 no tp no sl, FF trades still very much underwater, just need a little patience
  • #627,009
  • Sep 29, 2021 12:12pm Sep 29, 2021 12:12pm
Quoting Georginson
{quote} Good Patience Leon, past few months have been hellish for swing traders and heavenly for scalpers. One thing stands, delay doesn't necessarily mean denial as the long term bearish outlook is now taking shape. The first hurdle of 1.3450 yearly low has been broken which now invalidates 1.4250 and open gate for 1.31 - 1.28 by or before year end. Cheers.
Hi George,
Yes, this brings me back to my yearly pivot at 1.2918 which I believe is quite achievable in 3 months. I look at this past year and I agree with you. With the rangy conditions, it has been a tough year for trend traders. I just look at my daily pivots and it is almost a sure thing that daily pivots will be tested in range-bound markets. If we scale this out to the weekly and monthly time frame and look at the big picture it makes sense that we are having a range-bound year. So it won't be unreasonable to expect a yearly pivot to be tested, I hope
Big level sitting at 1.33842 ish (green highlight) I want to see this level go to achieve my target at 1.2918. We may see a pullback from here. We shall see,
Cheers
Leon
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Trade to trade another day
  • #627,010
  • Sep 29, 2021 12:42pm Sep 29, 2021 12:42pm
Quoting Waveskierrob
LONG @ 1.3425 no tp no sl, FF trades still very much underwater, just need a little patience
and margin level…
  • #627,011
  • Sep 29, 2021 12:42pm Sep 29, 2021 12:42pm
According to myfxbook:

Attached Image (click to enlarge)
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Markets will move to the right.
  • #627,012
  • Sep 29, 2021 12:52pm Sep 29, 2021 12:52pm
Quoting gatenio
{quote} and margin level…
Massive bank small lots no problem ..............ps what's a margin call and thanks for your concern
  • #627,013
  • Sep 29, 2021 12:56pm Sep 29, 2021 12:56pm
Quoting FraterRedox
According to myfxbook: {image}

they got what they deserve
MY OPINION NOT FINANCIAL ADVISE
  • #627,014
  • Sep 29, 2021 12:59pm Sep 29, 2021 12:59pm
Quoting Wavegarrick
{quote} Hi George, Yes, this brings me back to my yearly pivot at 1.2918 which I believe is quite achievable in 3 months. I look at this past year and I agree with you. With the rangy conditions, it has been a tough year for trend traders. I just look at my daily pivots and it is almost a sure thing that daily pivots will be tested in range-bound markets. If we scale this out to the weekly and monthly time frame and look at the big picture it makes sense that we are having a range-bound year. So it won't be unreasonable to expect a yearly pivot...

I was completely expecting this drop, unfortunately, I started experimenting and took my eye of how I actually trade, today i find myself adding funds to my account..I hope this mofo bounces

Well done to u guys that have held and not got frustrated..I learned one thing I have fear whilst taking positions if I enter on a small time frame but not so much when trading a larger time frame..

Welldone
  • #627,015
  • Sep 29, 2021 1:01pm Sep 29, 2021 1:01pm
Here we go, finally got the buy signal i’ve been waiting for
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  • #627,016
  • Sep 29, 2021 1:03pm Sep 29, 2021 1:03pm
Quoting fxmasterdxb
Here we go, finally got the buy signal i’ve been waiting for {image}
hope u right
  • #627,017
  • Sep 29, 2021 1:05pm Sep 29, 2021 1:05pm
Quoting nAVIN2007
{quote} hope u right
Limited bull push, max to 1.3520 i think

price can still dip lower to 1.3380 before the bull prevails

Lets see
  • #627,018
  • Sep 29, 2021 1:06pm Sep 29, 2021 1:06pm
It’s been a strong bear crash over the last couple of days, but I think that the time for this bear move is close to expiring and I expect a GU reversal to start today by NY close or tomorrow. If you go back 10 years on the weekly, you’ll notice that the end of September 2011 marked a bottom in GU and reversed around 900 pip in October’11. I expect a similar scenario over the next 30 days, although not as dramatic , i.e three or four weekly green candles in October until she hits 1.38xx. This is purely a time call, based on a 10 year cycle. DXY looks ready to reverse as well. The big boys will rebalance the books tomorrow and this should affect the pair. If I see a reversal pattern candle on the hourly, I shall add another GU long to the one, which has been under water over the last six hours. I guess such a call is close to insane after the dramatic drop in GU, but nothing lasts forever. Just my two cents. Green pips to all of you cool traders
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Did you place your stop loss order? Why not?!? Story of my life...
  • #627,019
  • Sep 29, 2021 1:10pm Sep 29, 2021 1:10pm
Quoting coyoteuglyxxx
It’s been a strong bear crash over the last couple of days, but I think that the time for this bear move is close to expiring and I expect a GU reversal to start today by NY close or tomorrow. If you go back 10 years on the weekly, you’ll notice that the end of September 2011 marked a bottom in GU and reversed around 900 pip in October’11. I expect a similar scenario over the next 30 days, although not as dramatic , i.e three or four weekly green candles in October until she hits 1.38xx. This is purely a time call, based on a 10 year cycle. DXY...

I extremely hope you're right bro! Although I am mentally stable about going down a few hundred pips.
Try the simple and make it for you ~
  • #627,020
  • Sep 29, 2021 1:15pm Sep 29, 2021 1:15pm
Quoting coyoteuglyxxx
It’s been a strong bear crash over the last couple of days, but I think that the time for this bear move is close to expiring and I expect a GU reversal to start today by NY close or tomorrow. If you go back 10 years on the weekly, you’ll notice that the end of September 2011 marked a bottom in GU and reversed around 900 pip in October’11. I expect a similar scenario over the next 30 days, although not as dramatic , i.e three or four weekly green candles in October until she hits 1.38xx. This is purely a time call, based on a 10 year cycle. DXY...
Tomorrow’s close will give a clue, if we get month close above 1.3530-50 then yes we might see bullish month ahead
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