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Cable Update (GBPUSD)

  • #627,021
  • Sep 29, 2021 11:20am Sep 29, 2021 11:20am
Quoting clocktrade
{quote} I extremely hope you're right bro! Although I am mentally stable about going down a few hundred pips.
We have all read the statement that in this game time is more important than price, but it is extremely difficult to properly define as to when is the right time… I’m just referring to Gann’s ten year principle of cyclical repetition. Time will tell.
Did you place your stop loss order? Why not?!? Story of my life...
  • #627,022
  • Sep 29, 2021 11:26am Sep 29, 2021 11:26am
I am getting long signals above 3410, at 3432.

I am not taking it.

will do in asia
Intraday only.
  • #627,023
  • Sep 29, 2021 11:34am Sep 29, 2021 11:34am
Quoting fxmasterdxb
{quote} Limited bull push, max to 1.3520 i think price can still dip lower to 1.3380 before the bull prevails Lets see

I think here is a good place...tomorrow better not be a down day..
Uk figure need to get better...and Boris needs to pull his finger out..lol
  • #627,024
  • Sep 29, 2021 11:40am Sep 29, 2021 11:40am
Quoting fxmasterdxb
Here we go, finally got the buy signal i’ve been waiting for {image}
welcome great
  • #627,025
  • Sep 29, 2021 11:42am Sep 29, 2021 11:42am
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 tend to agree with you.
i said it yesterday.
It sound like mui loco right now.
but time will tell.

1.3592 also as first target.
  • #627,026
  • Sep 29, 2021 11:42am Sep 29, 2021 11:42am
tomorrow will be up day
and probably turn for a weeks to the upside
  • #627,027
  • Sep 29, 2021 11:50am Sep 29, 2021 11:50am
Quoting navk
I am getting long signals above 3410, at 3432. I am not taking it. will do in asia

the worst trading time for me is asia
MY OPINION NOT FINANCIAL ADVISE
  • #627,028
  • Sep 29, 2021 11:57am Sep 29, 2021 11:57am
the crash came sooner than expected...

last year 2020 yearly candle was a pin bar from the start of 2021 i knew some strong sell of will come but i didnt expect it that way...i didnt break rules of my chart but the price didnt reach my sellof point

still proud of myself for grabbing the ups and down


everything still as planned
Attached Image(s) (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #627,029
  • Sep 29, 2021 12:04pm Sep 29, 2021 12:04pm
Quoting Bryan5229
{quote} Place a horizontal line (1.36682) on weekly chart and see why that August move happened.
All signs were shown, on chart why haven't I followed them?
I had this line on daily chart all this time only if I was reacting. We learn from our mistakes.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Few long positions entered.
  • #627,030
  • Sep 29, 2021 12:08pm Sep 29, 2021 12:08pm
yesterday it was 170 pips
today it is 100 pips
i am training for next week
Attached Image (click to enlarge)
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yes yes yes
  • #627,031
  • Sep 29, 2021 12:10pm Sep 29, 2021 12:10pm
Quoting nAVIN2007
{quote} 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
Hi Navin,
From my perspective, your sell trades were spot on when you took them and I like the way you hold onto your trades. Unfortunately, GU has been very frustrating at times with the neverending monotonous daily up and down movement and I don't blame you for experimenting. I for one can not transition from a longer-term trader to a scalper. I might find the right entries just like a scalper but I will be too slow to react and exit. It takes a completely different mindset. Stick with what you learnt before you took a break from forex and build up from there. You are a good trader, no doubt about that. You know your comfort zone and stick with that. You will get back into the flow of things. It takes time and patience.
Cheers
Trade to trade another day
  • #627,032
  • Sep 29, 2021 12:45pm Sep 29, 2021 12:45pm
Cable hit the Yearly Low today, isn't it?
  • #627,033
  • Sep 29, 2021 12:50pm Sep 29, 2021 12:50pm
Love seeing the greenback roar! Expecting more upside for USD!
Master your mind. Master Trading.
  • #627,034
  • Sep 29, 2021 1:00pm Sep 29, 2021 1:00pm
Quoting Abrahamlinc
On bear train... Trade safely Family.
Price action, my best indicator.
  • #627,035
  • Sep 29, 2021 1:39pm Sep 29, 2021 1:39pm
Quoting KiwiTrada
{quote} usd stronger than yen - yen stronger than pound, no brainer for gu & gold, many falling knives been caught by bulls tonight, good job :-)
gu gj eu nu au bulls been slaughtered left and right, faling knives everywhere, I was called bs muppet from buying uj swissy cadu and selling gold gu gj eu well guess who is muppet now, people in fake glass houses shouldnt throw stones, watching people buying falling knives over and over is disappointing, and Im assuming very expensive, trying to catch bottom is also disappointing, trading against trend is well its stupid if done poorly
sentiment has been strong long, market has plummeted, whats new, 95% of retail traders fail, possible clue??
If you are new to Forex? Say Goodbye to your account!!
  • #627,036
  • Sep 29, 2021 1:46pm Sep 29, 2021 1:46pm
Quoting Wavegarrick
{quote} Hi Navin, From my perspective, your sell trades were spot on when you took them and I like the way you hold onto your trades. Unfortunately, GU has been very frustrating at times with the neverending monotonous daily up and down movement and I don't blame you for experimenting. I for one can not transition from a longer-term trader to a scalper. I might find the right entries just like a scalper but I will be too slow to react and exit. It takes a completely different mindset. Stick with what you learnt before you took a break from forex...
Thx bro..
  • #627,037
  • Sep 29, 2021 2:12pm Sep 29, 2021 2:12pm
I am only looking for longs around 1.33 after confirmation
  • #627,038
  • Sep 29, 2021 3:05pm Sep 29, 2021 3:05pm
Quoting KiwiTrada
{quote} gu gj eu nu au bulls been slaughtered left and right, faling knives everywhere, I was called bs muppet from buying uj swissy cadu and selling gold gu gj eu well guess who is muppet now, people in fake glass houses shouldnt throw stones, watching people buying falling knives over and over is disappointing, and Im assuming very expensive, trying to catch bottom is also disappointing, trading against trend is well its stupid if done poorly sentiment has been strong long, market has plummeted, whats new, 95% of retail traders fail, possible...
Well done you! Respect!
  • #627,039
  • Sep 29, 2021 3:07pm Sep 29, 2021 3:07pm
Quoting fxmasterdxb
Here we go, finally got the buy signal i’ve been waiting for {image}
GU will get tomorrow to minimum 1.3528, could go higher though

If day closes above 1.3530 tomorrow and week above 1.3625 then this will turn to bullish
  • #627,040
  • Sep 29, 2021 3:17pm Sep 29, 2021 3:17pm
Quoting fxmasterdxb
{quote} GU will get tomorrow to minimum 1.3528, could go higher though If day closes above 1.3530 tomorrow and week above 1.3625 then this will turn to bullish
I agree, but I think too early to reverse. Asia closing might push even more. Money coming back from banned crypto to fiat, USD in demand.

EU voting not as expected, Germany will take 9 months to build a new government. Low control.

BoE speach tomorrow, again, we will see what's about.
Fuel situation bad in LO, but is improving.

Also lots of month end patterns need completing.

Best to wait till next week if not 100% positive, new month, new direction.

Trade safe
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