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#1 | RE: GBPUSD trade datum

Tue Apr 23, 2019 2:50 am

Hello guys this will be my first post. I attended the Singapore WEC last year.

I woke up this morning and it seems that GBPUSD have just elected a tipple daily bearish reversal at 1.2980.

So I entered when the market retraced back to 1.2980 with a stop loss at 1.3139. Since we might be experiencing a crisis in Euro region this may I have placed my take profit at the 1.24 region to catch the panic if it will happen

If it is illegal to post Socrates charts here let me know I will take it down

[attachment=9]

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#2 | RE: GBPUSD trade datum

Tue Apr 23, 2019 7:15 am

When Socrates update today it shows that this triple reversal was not elected at all. But in my broker it was. So I close this trade with a small lost

The funny thing is today Socrates made this unelected triple reversal disappear. Check the before and after

[attachment=10]

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#3 | RE: GBPUSD trade datum

Tue Apr 23, 2019 9:25 pm

Hello and welcome to this forum!

My broker also indicates that the reversal was not elected (by only 2 ticks), but still there was a reversal elected yesterday. Looking at today's price it seems like you could have stick to the trade.
Yes I can confirm that reversals and arrays can change in the short term, especially on the daily level. So I think it's a good idea to verify them regularly (daily).

PS.
I fear that posting reversals from Socrates will not be very healthy for this forum so I would refrain from doing so. I'm pretty sure that Armstrong would not tolerate this for a long time.
You can still post your trades and I think that people who have subscribed in Socrates to certain currencies can understand what you are doing by simply looking at the numbers them self in Socrates. You can also give some hints without mentioning the exactly numbers and specifics from the Socrates pages.

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#4 | RE: GBPUSD trade datum

Thu Apr 25, 2019 3:41 am

Ok noted about posting Socrates charts here.

Yeah bummer I could have stick to it and be in profit now. I thought reversals disappear after getting elected and not by itself

I have been short GBPUSD and EURUSD from since March so I am looking to add to my position size as bearish reversals gets elected or when price meet time after a retrace.

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#5 | RE: GBPUSD trade datum

Fri Apr 26, 2019 6:31 pm

Zitat von bcho018

I thought reversals disappear after getting elected and not by itself

Normally they don't disappear by itself, but occasionally I also observed that they do. Maybe it has to do with the Reversals tab. The Dashboard tab seems to be more accurate in regards to the reversals. In a few other threads in the forum I wrote about this.

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Australian $ - daily bullish - 7628 �