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Cable Update (GBPUSD)

  • #504,041
  • Nov 21, 2019 7:37am Nov 21, 2019 7:37am
Quoting akim0895
{quote} how about later TIMBErrrr 🗣
bOOOm...
just for a cup of coffee...
  • #504,042
  • Nov 21, 2019 7:38am Nov 21, 2019 7:38am
Quoting Lajit
{quote} It's going against you....
Always when I'm wrong the price stays in the extreme against me all day long, but when I'm right the price suddenly reverses sharply, Okay to resistance, is there any reason for such power in the other direction?
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 37 KB
yes yes yes
  • #504,043
  • Nov 21, 2019 7:43am Nov 21, 2019 7:43am
Quoting Moty
{quote} Always when I'm wrong the price stays in the extreme against me all day long, but when I'm right the price suddenly reverses sharply, Okay to resistance, is there any reason for such power in the other direction? {image}
I didn't see any news come out but I'm long at this level until 1.2950....
Lost....
  • #504,044
  • Nov 21, 2019 7:45am Nov 21, 2019 7:45am
Quoting gespiri
{quote} I didn't see any news come out but I'm long at this level until 1.2950....
Just algo's profit taking....
  • #504,045
  • Nov 21, 2019 7:47am Nov 21, 2019 7:47am
Quoting donfriday
{quote} and so f wat
Hold your horses
  • #504,046
  • Nov 21, 2019 7:48am Nov 21, 2019 7:48am
Quoting Ra.
{quote} that's not very polite sir
I'm sorry haha, people are getting angry over here
  • #504,047
  • Nov 21, 2019 7:48am Nov 21, 2019 7:48am
Quoting Moty
{quote} Always when I'm wrong the price stays in the extreme against me all day long, but when I'm right the price suddenly reverses sharply, Okay to resistance, is there any reason for such power in the other direction? {image}
Trendline Break Reversal, wont' pass 2945 is my hopes. going back to last weeks low. But I could be wrong, just short bias.
  • #504,048
  • Nov 21, 2019 7:48am Nov 21, 2019 7:48am
Quoting khalid33
keep shorting guys .. 1.2630 is due i promise . and dont forget my ultimate target 1.24
that promise.....
sell strength in falling markets, and buy weakness in rising markets.
  • #504,049
  • Nov 21, 2019 7:49am Nov 21, 2019 7:49am
Quoting Lajit
{quote} I'm sorry haha, people are getting angry over here
not angry, just rubbing someones face into a trade that moves against them is pretty weak IMO. Would you like someone making your comment to you?

Keep it classy bro.
  • #504,050
  • Edited 8:02am Nov 21, 2019 7:50am | Edited 8:02am
Quoting Theoak
{quote} OUT +40 pips Going to let it retrace and jump back in and stack shorts!!!!!
3 shorts now

1st in at 1.2923
2nd in at 1.2923
Don't trade what you think. Just what you see!!!
  • #504,051
  • Nov 21, 2019 7:52am Nov 21, 2019 7:52am
Quoting Theoak
{quote} 3 shorts now 1st in at 1.2923
You think it's trapping buyers with that bullish pattern on 15?

i'm waiting for 2930 to hop back in
  • #504,052
  • Nov 21, 2019 7:53am Nov 21, 2019 7:53am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 35 KB
yes yes yes
  • #504,053
  • Nov 21, 2019 7:57am Nov 21, 2019 7:57am
Quoting Moty
{quote} Always when I'm wrong the price stays in the extreme against me all day long, but when I'm right the price suddenly reverses sharply, Okay to resistance, is there any reason for such power in the other direction? {image}
Double top and dxy gained some bull back
I think
PA Return Today: 9.7%
  • #504,054
  • Nov 21, 2019 8:05am Nov 21, 2019 8:05am
Quoting Moty
{quote} Always when I'm wrong the price stays in the extreme against me all day long, but when I'm right the price suddenly reverses sharply, Okay to resistance, is there any reason for such power in the other direction? {image}

This is the type of price action to expect in a 5th wave if that is what it is, it wil go up 3-3-3-3-3 very difficult to trade, i picked up some pips on the first break out but that is it for me , staying out.

The other scenario is sideways movement before the break out, or of course a reversal as the whole daily swing is a weekly correction with 3 swings up.

In anycase there is nothing conclusive to me atm so im as the dragons say, im out.
Follow The Markets Structure - Patience and Discipline
  • #504,055
  • Nov 21, 2019 8:06am Nov 21, 2019 8:06am
Quoting Ra.
{quote} You think it's trapping buyers with that bullish pattern on 15? i'm waiting for 2930 to hop back in
It was, overall sentiment on 15M TF was bearish
  • #504,056
  • Nov 21, 2019 8:08am Nov 21, 2019 8:08am
Quoting Theoak
{quote} 3 shorts now 1st in at 1.2923 2nd in at 1.2923
+ 8 pips
+ 8 pips

Did not retrace more to put any more short in!!!
Don't trade what you think. Just what you see!!!
  • #504,057
  • Nov 21, 2019 8:11am Nov 21, 2019 8:11am
Quoting Theoak
{quote} + 8 pips + 8 pips Did not retrace more to put any more short in!!!
i targeting 2870 hope it can reach there
PA Return Today: 9.7%
  • #504,058
  • Nov 21, 2019 8:12am Nov 21, 2019 8:12am
Quoting Ra.
{quote} You think it's trapping buyers with that bullish pattern on 15? i'm waiting for 2930 to hop back in
Not sure where it will go now- I've been busy doing other stuff to look at charts. Just a classic Bull trap!!! Old school move!!
Don't trade what you think. Just what you see!!!
  • #504,059
  • Nov 21, 2019 8:14am Nov 21, 2019 8:14am
Quoting Lajit
{quote} It was, overall sentiment on 15M TF was bearish
I think it's reversal time, bullish trendline on 3rd tap, price moving for a 4th tap. But showed very little profit, plus rejection again at 1.3000 level
  • #504,060
  • Nov 21, 2019 8:36am Nov 21, 2019 8:36am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 20 KB
yes yes yes
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