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Cable Update (GBPUSD)

  • #506,241
  • Dec 13, 2019 1:24am Dec 13, 2019 1:24am
Now that we had such a nice squeeze to take out all shorts...shall we head down ?

It would be too funny to head to 1,3200/35 again.

I'll short once i see an opportunity
COT: The precious data ignored
  • #506,242
  • Dec 13, 2019 1:24am Dec 13, 2019 1:24am
Quoting joyaxiam
{quote} Moty, I saw a couple of your posts. I whole heartily felt for you, mate. I think you have a relative good analysis on your trading, but you need to have a good money management plan, remember not over trading, over leveraging. DO NOT use metatrader 4, this platform is not good at giving you a proper trade management analysis. Also, there are a lot of brokers manipulate the price feed on mt4, or stop traders take profits (consider all the brokers are running the brokerage service as business, they need to make money and most of them are market...
If mt4 is bad which platform is good then?
  • #506,243
  • Dec 13, 2019 1:26am Dec 13, 2019 1:26am
Quoting kuroro001
Now that we had such a nice squeeze to take out all shorts...shall we head down ? It would be too funny to head to 1,3200/35 again. I'll short once i see an opportunity
Trade this is risk.I see probability.I traded gold i have longterm indicator-normally it goes bottom bottom.But if it do double top on H4-after it free fly down.Now i see it in daily chart-double top.I say when it calm -it goes down fast.Only my opinion.
  • #506,244
  • Dec 13, 2019 1:30am Dec 13, 2019 1:30am
bit early but ok. happy.
Attached Image (click to enlarge)
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Intraday only.
  • #506,245
  • Dec 13, 2019 1:30am Dec 13, 2019 1:30am
Quoting viktoriaxz
{quote} Trade this is risk.I see probability.
What i wonder about this rise, is how traders know Brexit will be a success ? Maybe it will be worst for them and Britain will fall into deep recession for years

This move is an overeaction....like the ones we had in October 2016

But lets be patient to look for trades
COT: The precious data ignored
  • #506,246
  • Dec 13, 2019 1:37am Dec 13, 2019 1:37am
But gb has the same double bottom on weekly-so after correction it goes up.only correction daily gb
  • #506,247
  • Dec 13, 2019 1:40am Dec 13, 2019 1:40am
Quoting viktoriaxz
But gb has the same double bottom on weekly-so after correction it goes up.only correction daily gb
Monthly has 2 bullish divergences suggesting the rise

But Daily is overstretched....i would go very long if we ever go back to 1,27xx

I may look for quick short meanwhile
COT: The precious data ignored
  • #506,248
  • Dec 13, 2019 1:40am Dec 13, 2019 1:40am
Who made the most profit from this spike, I wonder... Is this because of the fundamentals, or some big shots making easy money?? Either way, Soro is laughing, that I can tell...
  • #506,249
  • Dec 13, 2019 1:42am Dec 13, 2019 1:42am
Quoting Moty
{quote} This is my holding {image}
Everyone really likes you here Moty so look into your mind and find the part of you that wants to destroy your account and set it aside so it doesn't take over your trading.
Please Moty make this the last time you destroy an account....
Don't Leave Money on the Table
  • #506,250
  • Dec 13, 2019 1:47am Dec 13, 2019 1:47am
Quoting kuroro001
{quote} What i wonder about this rise, is how traders know Brexit will be a success ? Maybe it will be worst for them and Britain will fall into deep recession for years This move is an overeaction....like the ones we had in October 2016 But lets be patient to look for trades
Well, the first box (Getting the agreement through parliament) is ticked. The next box is concluding trade agreements before the December 2020 deadline...that in my view is difficult. Having seen enough of Boris to know that he'll refuse to ask for an extension beyond 2020 to conclude trade agreements, the only other alternative could be a no deal Brexit.

As an aside, looking at the scale of this victory, I think the people became fed up of Brexit, and even those hugely unhappy with this deal just want Brexit done. Britain is in uncharted territory now, only time will tell.

Guz
Charts don't drive price, market conditions drive price...
  • #506,251
  • Dec 13, 2019 1:48am Dec 13, 2019 1:48am
Quoting HaLBot
{quote} Everyone really likes you here Moty so look into your mind and find the part of you that wants to destroy your account and set it aside so it doesn't take over your trading. Please Moty make this the last time you destroy an account....
GB rise was in the night it was unpredictable and all go to sleep.iT was speculative.But i shoud say it crossed weekly channel.BB100 1h Bollinger-1.33629-1.30058
  • #506,252
  • Dec 13, 2019 1:52am Dec 13, 2019 1:52am
Quoting HaLBot
{quote} Everyone really likes you here Moty so look into your mind and find the part of you that wants to destroy your account and set it aside so it doesn't take over your trading. Please Moty make this the last time you destroy an account....
HaLBot, I might be wrong, but I don't think anyone willfully trades with the intention of destroying their account (Well I hope not). For Moty it could be as simple as starting to trade with a stop loss.

Moty makes very good calls, case in point the USDCAD call in November, I was eyeing the exact same level to go long as for me it was the swing low. I closed that trade on Monday on 160 pips.

Discipline Moty, that's all.

Guz
Charts don't drive price, market conditions drive price...
  • #506,253
  • Dec 13, 2019 1:56am Dec 13, 2019 1:56am
Quoting navk
{quote} trust me, yesterday, I did not trade GU at all. Only in gold.
I agree. I waited outside, trading other instruments...for me it was unpredictable, too easy lose money. I took two position, the first at 2.40am and the second at 4.07am
  • #506,254
  • Dec 13, 2019 1:57am Dec 13, 2019 1:57am
British Vote is Likely to Bring Brexit, but not end Brexit Divisions.

https://www.wsj.com/articles/british...ns-11576192787
Charts don't drive price, market conditions drive price...
  • #506,255
  • Dec 13, 2019 2:02am Dec 13, 2019 2:02am
I ask the ones who want to play, DO NOT use this thread for useless comments.

GU have a retrace today toward around 1.3390, possibly followed by around 1.3320 as strong support. It needs a daily/weekly close below to go lower next week, while on upper side will be the known 1.35 followed by around 1.3570.

*I mainly don't post charts as many others do, firstly because my analysis privacy is very important for me, secondly because that takes much time from my analysis, trading and personal life. So all you have to do is follow me to believe how accurate my analysis are
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #506,256
  • Dec 13, 2019 2:07am Dec 13, 2019 2:07am
Do you know the word gap-such a gap should be close.One 1H candle gap.
  • #506,257
  • Dec 13, 2019 2:08am Dec 13, 2019 2:08am
1,3385/1,34 may provide support for the longs on intraday basis

Daily is more like 1,3375.

If we daily break hard 1,3375 there is a hole until 1,3240...lets see

Still flat now
COT: The precious data ignored
  • #506,258
  • Dec 13, 2019 2:12am Dec 13, 2019 2:12am
Quoting ChiForex
I ask the ones who want to play, DO NOT use this thread for useless comments. GU have a retrace today toward around 1.3390, possibly followed by around 1.3320 as strong support. It needs a daily/weekly close below to go lower next week, while on upper side will be the known 1.35 followed by around 1.3570. *I mainly don't post charts as many others do, firstly because my analysis privacy is very important for me, secondly because that takes much time from my analysis, trading and personal life. So all you have to do is follow me to believe how accurate...
I don't think this platform is for you, because on this Forum, sharing is caring.

Guz
Charts don't drive price, market conditions drive price...
  • #506,259
  • Dec 13, 2019 2:13am Dec 13, 2019 2:13am
Quoting viktoriaxz
{quote} GB rise was in the night it was unpredictable and all go to sleep.iT was speculative.But i shoud say it crossed weekly channel.BB100 1h Bollinger-1.33629-1.30058
I'd have to respectfully disagree with you there, it was well known that Boris could win UK elections and if he did then Cable(going by other UK election results) could easily rise by 300 pips, which it did....
If your a purely technical trader you still need to realise and be aware of short term rapid movements brought about by fundamentals. Sometimes I see traders going long or short right before high impact news and I think "don't they understand whats just about to happen to price?"
All the top traders I know are aware of upcoming news events even thou they might be the best TA traders around...
Don't Leave Money on the Table
  • #506,260
  • Dec 13, 2019 2:17am Dec 13, 2019 2:17am
Quoting HaLBot
{quote} I'd have to respectfully disagree with you there, it was well known that Boris could win UK elections and if he did then Cable(going by other UK election results) could easily rise by 300 pips, which it did.... If your a purely technical trader you still need to realise and be aware of short term rapid movements brought about by fundamentals. Sometimes I see traders going long or short right before high impact news and I think "don't they understand whats just about to happen to price?" All the top traders I know are aware of upcoming news...
And it was news and what the US will do with this 1 H gap candle?
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