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- Bydyke replied Apr 12, 2019
The bears are unable to push PA below EMA 5 average at 3107. So, Robinhood’s 3160 is now on the radar but so are 3152 (WR 38) and 3172 (old average H1 swing hi)
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- Bydyke replied Apr 12, 2019
Yesterday's trade showed just how slippery trading GU is nowadays. One H4 candle after my post, GU switched from being bullish to being bearish. At present, eyes are on 3028 and even 3000. Will it play out. We shall soon see
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- Bydyke replied Apr 11, 2019
They are not just there, they have taken over. From the chart below, the EMAs are not only upward-looking, PA has not been able to close below mid-BB. It's only a matter of minutes before the bulls manifest forcefully. But again, we are in Brexit ...
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- Bydyke replied Apr 10, 2019
That bearish candle is an engulfer, so you haven't lost out yet. Patience is necessary here. You can only worry if another bullish candle engulfs that bearish one. That said, your entry was a bit premature
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- Bydyke replied Apr 10, 2019
You do have a point. Apart from the fact that the DP (3066) seems to have become a no-go area for the bears, PA is presently operating above the swing average on all TFs including M1!
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- Bydyke replied Apr 9, 2019
H4 is posting a bearish Alan (RSI) divergence. Under normal circumstances this fetches a minimum of 100 pips. In other words, GU should head to 3000. Let's see if it will play out.
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- Bydyke replied Apr 8, 2019
In these days of Brexit, GU does not respect all those. With all the low impact news around, it can spike suddenly. Last Friday, if you were looking at GU alone you wouldn't know it was an NFP day
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- Bydyke replied Apr 8, 2019
GU is also boring at the moment. We are two hours into the London session and no direction is established. Hope today will not be like one of those days: 50-pip range
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- Bydyke replied Apr 7, 2019
It's like GU will be bullish this week. W1 closed with a reverse hanging man at 3035, ie, 14 pips above the W1 average at 3021. GU had closed at 3028 in the preceding week. On D1, GU has failed to close below EMA 100 (currently at 3030) since ...
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- Bydyke replied Apr 2, 2019
When PA got to 3126 yesterday, the bears eventually took over. Aki's strategy was particularly very helpful to me yesterday. When PA got to 3149 it was M1 TF (surprisingly) that told me that PA would plummet, thanks to Aki
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- Bydyke replied Apr 1, 2019
From here (3118) in GU is bears territory. Long entries from here should be with extreme caution. Won't be surprised though if bulls push it up to 3126
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- Bydyke replied Apr 1, 2019
From M1 to H1 the rallies are long. For now the bulls are on the saddle. But let's see what will happen when PA gets to 3126
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- Bydyke replied Mar 28, 2019
H4 average (EMA 29) and DP are coincided at 3193 in GU. If the bulls can take it out then they are back
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- Bydyke replied Mar 27, 2019
It's like there are lots of sellers at the 3250 area of GU. Let's see what happens when PA retests that zone
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- Bydyke replied Mar 27, 2019
Not at all. At the moment, GU is bullish; never mind the dips
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- Bydyke replied Mar 27, 2019
My own advice is that you trade only EURUSD (EU) now and with 0.01 lot. EU is not as volatile as GU. Some days it can be boring but it will help you to be consistent and build up confidence. Thereafter, depending on how long it takes you, you can ...
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- Bydyke replied Mar 26, 2019
Aki, I believe M15 in GU has a sell set-up. I intend to put a sell stop in the zone as marked on my chart. What do you think?
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- Bydyke replied Mar 21, 2019
The last M15 candle on GU closed just below M5 hi but I have gone long because that candle is a bullish engulfer. Hope am in order, Aki
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