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Cable Update (GBP/USD) without Idiots 23 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting giveachance
{quote} just be careful dollar index is making new lows every hour
dxy coming into strong support. Boj will be buying dollars soon. Yen is too strong. Careful bulls...
A fool and his money are easily parted
Quoting Moty
Entered short {image}
Hold on buddy why the rush? Cable will drop for few hundred pips soon, look for confluence on higher time frames and once that level is reached look for reversal signals on 15/5 mins
my levels are 1.3660 & 1.3780, im planning to sell big somewhere in between
Due to the covid-19 the pound made new lows and higher highs, if this pattern really works we may be able to see a correction and test the support again, I should wait for the closing of the week or some sell signal.

I'm not buying or selling, I'm waiting.
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Proverbs 18.15
Also METER from 15min to Daily TF are FULL LONG...anyway i'm out & now FLAT
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Quoting MozzChops
{quote} dxy coming into strong support. Boj will be buying dollars soon. Yen is too strong. Careful bulls...
actually you said the opposite. BOJ have ample amount of assets on their balance sheet. they re even bigger than the largest hedge fund/buyer of securities in japan.
Quoting vinforex7
{quote} you have great sense of humor... even at the time of Red news!!!!!
red new is relative.

market is dead now, all pairs are dead. need to wait for some volume before enter a trade
Keep it simple, stupid.
Quoting fxmasterdxb
{quote} Hold on buddy why the rush? Cable will drop for few hundred pips soon, look for confluence on higher time frames and once that level is reached look for reversal signals on 15/5 mins my levels are 1.3660 & 1.3780, im planning to sell big somewhere in between
ya but moty may be right. we have a dollar making new lows and hedge funds are mostly dollar short. going into the month end there may be requirements for dollar buying. we have 2 days of next week and the week after that is new year's week. so bank closing may happen as early as wed next week just my opinion
I see a lot of people trying to pick the top again as usual, in my experience this is a losing strategy, if your trying to sell tops ask your self this question , are you below support for the swing, if not, do not bother, if you insist on trading against the swing always assume its a correction until the swing support is broken and if you want to trade a correction allow the market to make the first swing then try and enter into the third and even then its risky and hardly worth the effort as the third swing can be short and trap sellers.

There are occasions when a top is the absolute top but that is a more advanced strategy than needs higher t/fs taken into consideration and is not something most retails can do.
Follow The Markets Structure - Patience and Discipline
Quoting gatenio
{quote} i don't know how to make double quote on FF but you just said sell below the band..
But i didn't which tf
I forgot to say that also take in mind the daily s2 and r2 and adr low or high
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Quoting Hunterrus84
Waiting for another SM seller couple to open short
Where do you get the data on what SM is doing from?
Quoting pipfarm
I see a lot of people trying to pick the top again as usual, in my experience this is a losing strategy, if your trying to sell tops ask your self this question , are you below support for the swing, if not, do not bother, if you insist on trading against the swing always assume its a correction until the swing support is broken and if you want to trade a correction allow the market to make the first swing then try and enter into the third.
words of wisdom!
Keep it simple, stupid.
Quoting giveachance
{quote} so atleast you are profitable on this pair in 4 tries and you hear smart money is selling and you booked profit. what a genuis
Why are you trolling me? I did all correct according to SM longs of yesterday - I just have a very small stop
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Always Defend your investment 1775
Quoting shnackattack
{quote} Where do you get the data on what SM is doing from?
that is the way I see it, spent 12 years on it. but you are right there is some data that I use
Always Defend your investment 1775
Quoting Hunterrus84
Waiting for another SM seller couple to open short
How many of the SM sellers have you observed so far and what is your source? I hope you don't mind my asking? Thank you.
come on
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Quoting Glorybound
{quote} How many of the SM sellers have you observed so far and what is your source? I hope you don't mind my asking? Thank you.
sorry not here, it is not for the public, just use my data together with me
Always Defend your investment 1775
H1 cande is engulfing....
Quoting JayBag
{quote} He seem to be our new troll.. Please let him shine like a diamond
You calling me a troll?
Careful selling.....
or should you be selling??


Question of the day
Quoting ZTrader123
Careful selling..... or should you be selling?? Question of the day
Still waiting for more SM to sell
Always Defend your investment 1775
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