tntsunrise
Short

GBP is good to short the pull back

FX:GBPUSD   British Pound/U.S. Dollar
17435 192 235
6 months ago
GBP is good to short the pull back
Reason:
1. 0.618 LEVEL
2. 1.618 EXT
3. Previous Structure
4. RSI over bought
6 months ago
Comment: 1.4650 is the previous neck line.
so i added another short position
6 months ago
Comment:
snapshot
6 months ago
Comment:
snapshot
6 months ago
Comment: all the way come down.
dun be scarred!
6 months ago
Comment:
snapshot

are you still in?
6 months ago
Comment: WATER FALL!
1.4512 NOW
+140 PIPS
6 months ago
Comment:
snapshot

I will use this BAT as a TP point
6 months ago
Comment:
snapshot
6 months ago
Comment:
snapshot

are you still with me? short gbp?
6 months ago
Comment:
snapshot

Retested trend line.
short again
6 months ago
Comment:
snapshot
6 months ago
Comment:
snapshot

two pin bar in 1h
6 months ago
Comment:
snapshot

SL 1.4675 , if price broke that level.
exit .
6 months ago
Trade closed: stop reached: SL 1.4675 HIT exit
6 months ago
Comment: Hey Traders: there will be free webinar tomorrow
this week's webinar time:
thursday, 22:00-23:00, UTC+8,
http://www.yy.com/15565863
see u tomorrow. it is Singapore Time 10PM. NYK: 10AM, LONDON 3PM
Join Projack's Student Group, Learn How to Trade Professionally.
http://www.harmonicasia.com/index/course.html
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arianto
6 months ago
Do you mean short now?
Reply
FKHo PRO
6 months ago
Appreciate for the idea and explanation Jack !!!
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manoj15
6 months ago
hi, can we short cable, or have to wait
Reply
RandR
6 months ago
Agree, hope it will form a double top, and give me a second chance.
I feel GBP becomes so exaggerate these days
thanks Jack, have a nice trading day.
+1 Reply
Miz RandR
6 months ago
Double top now :)
Reply
tntsunrise TOP RandR
6 months ago
SAME TO YOU!
+1 Reply
mshuaibi PRO
6 months ago
Interesting but its a tough call with politics and referendum polls in play. It might just stay firm since it has been unmoved by the FOMC minutes yesterday?
+3 Reply
simple_fxschool mshuaibi
6 months ago
agree with you
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Mr.Js
6 months ago
Just Short now
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Miz
6 months ago
short now :)
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Miz
6 months ago
1.618 would be a nice TP, hopefully reaches your 3rd TP :)
Reply
Mr.Js Miz
6 months ago
1.618 ???
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Miz
6 months ago
medium news shot it up to 161.8
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Miz Miz
6 months ago
Is this trade still good based on your analysis Jack?
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arianto
6 months ago
I put S/L slightly above 1.618 EXT, it just got hit.
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haikalwafiqhii
6 months ago
Do we need to wait for the daily closed or the trade is cancelled?
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Miz haikalwafiqhii
6 months ago
I still believe its valid, news pushed it up to 1.618, hopefully goes down from here.
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Miz Miz
6 months ago
or it could also go up to 0.786 fib then drop rather than 0.618
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Jedi haikalwafiqhii
6 months ago
Hi Jack. Would you not say that this pair is due some more upward movement and we ought to be looking to go LONG on pullback towards 1.45600.
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tntsunrise TOP Jedi
6 months ago
yesterday I long at 1.4414 based on 1h strucure. right now for gbpusd, i will only consider short at high price rather than buy low. as long as gbp doesnt close above 1.4800 is fine
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BTCMarket PRO Jedi
6 months ago
A Jedi wouldn't need to ask such a question perhaps change your name to "Padawan" as you are still learning.
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Jedi BTCMarket
6 months ago
Forgive me o enlightened one; I was merely exchanging my viewpoint but judging by your comment one is not to have one! Good day to you.
+2 Reply
LeeFuGuo
6 months ago
GBP/USD

Same view Sir. Nice chart and really appreciate your work. Thanks :)
+8 Reply
namavar LeeFuGuo
6 months ago
if price go up, meaning forming 5th wave
Reply
LeeFuGuo namavar
6 months ago
so far level 1.465-1.466 rejected the price perfectly to stop GU continue to move higher ... if daily candle form in this way, chances GU will go down will be higher compared to breaking new high ~ (I trade based on probability, so you can be right also) Good luck :)
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jay_y
6 months ago
Bat harmonic in the making. Good decision sir.
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Mr.Js
6 months ago
SHORT AGAIN IN 1.46512
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BanClassic
6 months ago
Can we enter now and what is the target
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tntsunrise TOP BanClassic
6 months ago
look left , find the support
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Vytasbcn
6 months ago
where do you put the stop loss here in this situation?
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tntsunrise TOP Vytasbcn
6 months ago
in dow's theory, where is the level that gbpusd become bullish in the daily chart?
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Renegade7
6 months ago
A few days ago the polls were showing a move toward no exit. If the polls don't change the pound should continue rising. I suspect a pullback will be due to a change in the polls towards an exit. Anyone know when the next poll comes out? .or does it not matter.
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prince125700
6 months ago
stop loss??
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tntsunrise TOP prince125700
6 months ago
find the level that u think gbpusd is no longer bearish
+1 Reply
IAmAgainst
6 months ago
Just to improve my analysis skill, why isn't your first target 1.45?
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tntsunrise TOP IAmAgainst
6 months ago
u can choose 1.45, as 1h target
buy what i am looking is Daily
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IAmAgainst tntsunrise
6 months ago
Great, now that I see it it's clear in D1 chart. Thanks!
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blake200 tntsunrise
6 months ago
British pound is up (highest in three weeks) and Gold is down as you can see, so why short on GBP/USD !! i would have loved to watch your webinar.
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tntsunrise TOP blake200
6 months ago
why not short gbp. risk/reward so good.
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Loizosantonas1
6 months ago
SHORTED AGAIN!
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itahirmasood
6 months ago
I am also short at 1.4642 :)
snapshot
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LJT
6 months ago
Shorted thank you. I really enjoyed your webinar by the way, it was so helpful to my trading already today.
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tntsunrise TOP LJT
6 months ago
nice!
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IliyanMihaylov
6 months ago
yep, target ? 1.41?
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Miz IliyanMihaylov
6 months ago
thats where I am targetting
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tntsunrise TOP IliyanMihaylov
6 months ago
good
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BorisMisale
6 months ago
Thanks you Mister Jack !!
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blake200 BorisMisale
6 months ago
British pound is up (highest in three weeks) and Gold is down as you can see, so why short on GBP/USD !! any views
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tntsunrise TOP blake200
6 months ago
nothing to do with gold.
Reply
1.41 target
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sasacoco
6 months ago
buy
+1 Reply
mshuaibi PRO
6 months ago
somehow it looks well bid the moment that it got a glimpse below 1.4600 only currency that is up on the USD but who knows how quick that might change
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spuspala PRO
6 months ago
GBPUSD pair made a negative divergence on the RSI on the new high it made earlier. Check 45 min chart on the Pair.
Reply
tntsunrise TOP
6 months ago
snapshot

are you still in?
+3 Reply
mchilado tntsunrise
6 months ago
Yes Jack from 1.4588 thanks
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Khagrax tntsunrise
6 months ago
yes, shorted at 1.4654
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Domsn Khagrax
6 months ago
bit risky hm? :-) but looks like it was worth
Reply
tntsunrise TOP Domsn
6 months ago
there is alwasy risk involved in any trade.
the key is:
do u have the edge to trade and is the risk/reward ratio good to trade
+1 Reply
Miz tntsunrise
6 months ago
Theres always risk to achieving anything worthwhile in life. If there was no risk then everybody would be successful.
+1 Reply
tntsunrise TOP Miz
6 months ago
totally agree.
Reply
JesseChan tntsunrise
6 months ago
Shorted at 1.455, alright with it ?
Reply
marcus123 tntsunrise
6 months ago
so true
Reply
Miz tntsunrise
6 months ago
Riding it all the way down :)
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spuspala PRO tntsunrise
6 months ago
Sure Sir, IN like a rock :)
Reply
jurgita83
6 months ago
Yes :) !
+1 Reply
Domsn jurgita83
6 months ago
same :) !
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Pietro82
6 months ago
yep, still in, i drew the same exact chart with the triangle ;)
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jaco.joubert.98
6 months ago
Yes. Still in.
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seavniv
6 months ago
yes for sure . :) i am in .
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robnab
6 months ago
yes, sure
Reply
CryptoTraderOne
6 months ago
Support on daily 50MA. Hope it is going to be broken soon.
+1 Reply
kevinkwok_22
6 months ago
Yup, still in!
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pete_hef
6 months ago
is monthly pivot good target near 1.44273 ?
Reply
All in TNT. Thanks again.
Reply
seavniv
6 months ago
you still in Jack ?
Reply
tntsunrise TOP seavniv
6 months ago
of course!
+1 Reply
FKHo PRO
6 months ago
Great move!!!!!
Reply
Khagrax
6 months ago
Great work Jack. Thanks for your insight, I'm learning a lot.
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stockerz
6 months ago
wow thats a long way to go! close to 400 pips?
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vava
6 months ago
Thank you!!!!!!
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MiDiGre PRO
6 months ago
Are there any intermadiate TP to watch?
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Chartistry PRO
6 months ago
very nice.
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faisal.altunaiji1
6 months ago
i thinks this pair is going to 1.4715


before going back
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Renegade7 faisal.altunaiji1
6 months ago
I'm looking for a patriotic pop somewhere down here. I hesitated and haven't taken a position. Letting news influence judgement, its hard not to do.
Reply
Vytasbcn
6 months ago
Wow! You had good entries there!!! I need to find the place to enter it.
Reply
Marvin
6 months ago
Nice one Jack. I'm in from 1.4627.
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trackdog111 PRO
6 months ago
nice one bro I"m in @1.46490, same take profit.
Reply
trackdog111 PRO
6 months ago
snapshot
Reply
baraq.adnan
6 months ago
Potential Move - EW Completed ? New Cycle ?
Reply
hhc PRO
6 months ago
Hi Jack, do you think that at the opening tomorrow it will keep falling non stop, or will be a small pullback to 1.454 and then going down again till TP?. Thank you in advanced, great Webinar last day.
+1 Reply
tntsunrise TOP hhc
6 months ago
snapshot
+1 Reply
roadtogo
6 months ago
hello man,

I missed the chance of short on this pair.. should I wait for 1.46 or insist for 1.47?
Reply
tntsunrise TOP roadtogo
6 months ago
snapshot
+4 Reply
tntsunrise TOP roadtogo
6 months ago
did u sell? another 80 pips from 1.4550
Reply
roadtogo tntsunrise
6 months ago
my .ucking broker and spreads.. maybe today again ?
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akrmelo10
6 months ago
sure
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Lorry.NZ PRO
6 months ago
Another great call Jack. I missed the pullback but I'm still in the original trade.
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tntsunrise TOP Lorry.NZ
6 months ago
that's fine! keep the original one
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Yassine
6 months ago
target is 1.44055 then 1.4323?
+1 Reply
tntsunrise TOP Yassine
6 months ago
look left find your target
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marcus123
6 months ago
yes, short, gbp...nice analysis. thanks!
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Gbprider
6 months ago
yes .. i am still in the sell coast ride
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vava
6 months ago
Still in!
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Vytasbcn
6 months ago
I missed it. I was not sure if it was another trap or not... Oh, please keep us updated on trades. You are so good in it!
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jaco.joubert.98
6 months ago
Still in and looking very good!
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arianto
6 months ago
Argh I missed a couple of pips, waiting at 1.45490... didn't get there...
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Lynxfx arianto
6 months ago
Same here :-(
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bunah2
6 months ago
I missed the retest by 5 pips :-(
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Sababa
6 months ago
my sell stop not active, only 4 pips below my enter! How provoking!
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Selhurst1 PRO
6 months ago
Managed to re enter at 1.45276, also caught a nice 50 pips from gbpaud :)
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mlbo
6 months ago
<are you still with me? short gbp?> Yeah! Great one! Unfortunatelly I missed the retest scale in trade but anyway!
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adamzahra
6 months ago
yes still active by me
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sarastro
6 months ago
I am still there from 1.45764 and keeping the SL far away. Thanks a lot
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FKHo PRO
6 months ago
Price retest on 1.4500 now!!!
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arianto
6 months ago
Jack, price approaching 1.45500 again, is it still a good level to open position? What is good level to open position now? Where shall we put the SL?
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tntsunrise TOP arianto
6 months ago
yeah. of course. sell the high
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arianto tntsunrise
6 months ago
Any suggestion regarding Stop Loss Jack?
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tntsunrise TOP arianto
6 months ago
just ask yourself this question. if gbp continue rally, until whcih level you think it is no longer bearish
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arianto tntsunrise
6 months ago
Hmmmm, 1.48000, isnt it too high? Sorry I m a newbie in this?
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Miz arianto
6 months ago
1.46730 is a good level as it was the previous high if you cannot manage such a big sl.
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FKHo PRO
6 months ago
It seems a head n shoulder forming in H1 chart.
Yeahhh.... Cool....plan a re-entry to follow the wave down.
And again, Thanks to Jack for this wonderful opportunity.
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roadtogo
6 months ago
hello,

where to put SL? please help..i shorted like hell..
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pitouking PRO
6 months ago
that is some kind of roller coaster ! ;-)
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IAmAgainst
6 months ago
Hi Jack, a question.. when you add to a previous position like you did (I think) now, do you place the same stop you had from before or do you set individual stop values for each indivitual portion of the overall position?
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hayk
6 months ago
Also hidden bearish divergence in 1h.
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pitouking PRO
6 months ago
testing the 618...
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Miz
6 months ago
WOW just shot up!
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vava
6 months ago
still in?
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Miz vava
6 months ago
yes
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arianto
6 months ago
I'm having a bad luck with GBP...
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Marvin
6 months ago
Another 61.8 re-test. Another short opportunity for those who dare. What do you think Jack? It's broken and close above your trendline on the hourly which isn't a good sign.
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arianto Marvin
6 months ago
Hahaha really tempting to make another short on GBPUSD, is it really a good move or bad move physcologicaly, adding to a currently losing position?
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Miz
6 months ago
gone from a trade looking good to a trade looking very bad!
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harilaos
6 months ago
Done, reshorted again, lets wait and see…
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arianto
6 months ago
Jack, you mean doing another short or watch price action first?
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Miz arianto
6 months ago
Nice to short now
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tntsunrise TOP Miz
6 months ago
agree
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tntsunrise TOP arianto
6 months ago
i book some profit at 1.4450 yesterday, so now i can short it again
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Miz tntsunrise
6 months ago
Ahhh its annoying as I was going to book profits there too but didn't :/
Reply
combi tntsunrise
6 months ago
Hi tntsunrise. If we not asking too much can you be so good and share information with us when you enter and when to exit the position. Nothing do not mean that you say you are out in partialy because we did not close the position and now we are posible in trouble. Thanks
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KINGRI
6 months ago
can we sell now from 1.4615 sl 1.4660
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tntsunrise TOP KINGRI
6 months ago
GOOD PLAN
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arianto tntsunrise
6 months ago
so that level of stop loss is ok Jack?
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tntsunrise TOP arianto
6 months ago
fine
+1 Reply
Miz tntsunrise
6 months ago
weekly and daily looks very good to short, and looks like it will go to the BAT tp point and below
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tntsunrise TOP Miz
6 months ago
exactly!
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bunah2
6 months ago
GBP is crazy, Jack

What do you think about the target?
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tntsunrise TOP bunah2
6 months ago
if you short at 1.4615, the first target will be 1.4550, the breakout place
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bunah2 tntsunrise
6 months ago
I have 1.4555, very close to yours. I am getting good. Thanks
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bunah2 tntsunrise
6 months ago
lol
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CryptoTraderOne
6 months ago
2 Pinbars and 2 confused dojish bars. The market is confused, i am confused. Where are we heading?
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Marvin
6 months ago
I've seen enough from the PA to short it again from here. We closed below the 61.8 on the hourly. Look at the 15m chart. 7 exhaustion candles. South we go
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Gbprider Marvin
6 months ago
going to north check the daily & weekly chart , time to buy from the dips..
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Miz
6 months ago
not looking great
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FKHo PRO
6 months ago
Wow, I'm still learning about this pair, it's worse than a weather forecast for me, but with fibb analysis, I think it's OK to handle with some rule of thumb either with Fibb level & retracement & some trade management, thanks Jack.
Reply
arianto
6 months ago
Another newbie question Jack, I ve seen you use fibonacci (I only know a little about fibonacci retracement, dont know about other). In this GBPUSD why do you use the endpoints? How to determine valid fibonacci endpoints? Sorry if my question are not clear, or too newbie. I also don't know how to post a chart here to clarify my question.
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tntsunrise TOP arianto
6 months ago
it's my personal habit to use end point
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Trendliner PRO
6 months ago
Jack, are you doing a webinar tomorrow morning?
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tntsunrise TOP Trendliner
6 months ago
it will be on thursday, 10 PM SINGAPORE TIME +8 GMT
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Trendliner PRO tntsunrise
6 months ago
What is that NY time?
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tntsunrise TOP Trendliner
6 months ago
u can check on global time zone. should 10 am in the morning.
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Trendliner PRO tntsunrise
6 months ago
Sounds great, looking forward to the webinar...I learned some very useful things last week. Thanks for sharing your knowledge.
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Miz
6 months ago
this is annoying me now
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arianto
6 months ago
Really close to my stop loss now...
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Gbprider arianto
6 months ago
why are you keep selling when u see bulls ??
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harilaos
6 months ago
What now?? 1.4656, is shorting still valid or we close the position? Please advise
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BTCMarket PRO harilaos
6 months ago
This is not a trade signalling website you shouldn't be asking questions like this. The charts here on TV should be viewed as educational and not a solicitation to buy or sell anything the fact you seem to be buying and selling based on charts here without knowing what you're doing can cause you significant financial losses with no one to blame but yourself.
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tntsunrise TOP BTCMarket
6 months ago
agree. thanks for pointing this out.
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tntsunrise TOP harilaos
6 months ago
already updated. trade closed
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mlbo
6 months ago
Trade closed: stop reached. SL 1.4675 HIT exit <<< better luck next time. we cant always win...
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tntsunrise TOP mlbo
6 months ago
yeah. exit becuase price just make a higher high. although i doubt it a stop loss hunter movement, but rule is rule, exit first, we find opportunity for the next trade
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mlbo tntsunrise
6 months ago
to be honest i placed my stopp @1.470 to be more save against stopphunting (but risking more loss of course). we ll see.
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tntsunrise TOP mlbo
6 months ago
ok that's good. but your risk distance changes, so you have to set larger tp
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tntsunrise TOP mlbo
6 months ago
snapshot
dun put at round number.
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IAmAgainst
6 months ago
I almost blew my account by shorting gbp pairs today and yesterday..
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tntsunrise TOP IAmAgainst
6 months ago
control your risk. dun risk more than 2% for one trade
+1 Reply
IAmAgainst tntsunrise
6 months ago
Yes.. it's hard to do so when you're sure you're taking the right decision. Now to start over..
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tntsunrise TOP IAmAgainst
6 months ago
there is nothing for sure.really. we have to respect the market.
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IAmAgainst tntsunrise
6 months ago
Agree, good luck for us for the next one..
Reply
mlbo tntsunrise
6 months ago
you are right. i risk 5% per trade. 2% would be better for sure but with my accunt size this would no longer justify the time and work. but i try to avoid corelated currency pairs to avoid additional hidden risk per trade.
Reply
tntsunrise TOP mlbo
6 months ago
yeah. if already trade gppusd, then dun trade gbpjpy and gbpaud or eurgbp
Reply
mlbo tntsunrise
6 months ago
thats what i ment
Reply
harilaos
6 months ago
ok I reshorted 1.4683, I follow you also shorting the USD to JPY. If you change your mind tell us to adjust our trades, thank you
Reply
IAmAgainst
6 months ago
Could it be that it's forming a cup with handle..?
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tntsunrise TOP IAmAgainst
6 months ago
well. i dont really see a cup with handle, coz that pattern normally comes after a hudge down trend
Reply
IAmAgainst tntsunrise
6 months ago
Yes, and it's more of a day chart figure rather than hourly but didn't know if it applies when not following a down move.. thanks. I'm not trading this anyway, not untill I see something that shows a clear direction..
Reply
mwbro
6 months ago
great thx!
Reply
arianto
6 months ago
Hahaha my stop loss has been hit, ok maybe next trade will be profitable.
+1 Reply
IAmAgainst
6 months ago
Looks like it experiencing a rejection above the .786.. a sell stop at 1.467 would be too risky?
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Gbprider IAmAgainst
6 months ago
did u see any reversal candle to short ?trend is bullish now
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IAmAgainst Gbprider
6 months ago
It looked like one when I wrote the comment..
Reply
drill
4 months ago
Hello, Jack. Will you make a new analysis on this pair?
Reply
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