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Cable Update (GBPUSD)

  • #543,381
  • Aug 19, 2020 12:33pm Aug 19, 2020 12:33pm
Quoting OxyGen_FX
{quote} Your words resonate. Yes I agree, chasing to short the top is dangerous. I have been caught many many times with devastating results. Mainly because I will place a huge position. But it is so tempting, as there are a few times it was easy money when rally reverse. Plus it is great to show off in forum. LOL But overall for me, ""guessing the top"" or "guessing the bottom"" ends up losing. Nowadays I am still tempted. I am human after all. LOL So I placed a small position, just 1/5 of usual. Just for kicks. Will slowly wean off.
Lol, funny as it may sound, i lost some pips today while attempting to trade usdcad double bottom on 15 mint chart, took my pips/money first and i immediately gave up without re-trying
because of my past experience but it went up after, Lol
IN THIS BUSINESS WE LEARN THE HARD WAY
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #543,382
  • Aug 19, 2020 12:34pm Aug 19, 2020 12:34pm
Quoting Roszey
{quote} i agree.. Thursdays are power days for GBP. So if we have to sell then we might see 3050. But don't rule out the Bulls yet.
I have observe this days over time
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #543,383
  • Aug 19, 2020 12:35pm Aug 19, 2020 12:35pm
The last time this particular type of price action happened, cable dropped nonstop for 10 days.
Let's see what happens this time around.
Patience.....
  • #543,384
  • Aug 19, 2020 12:38pm Aug 19, 2020 12:38pm
It may start ranging tho, cos its trapped again between a support and resistance.
Patience.....
  • #543,385
  • Aug 19, 2020 12:44pm Aug 19, 2020 12:44pm
Quoting Fredo219
It may start ranging tho, cos its trapped again between a support and resistance.
i don't even see it buying tomorrow , it will continue selling till the weekend, the bears will be lucky and the bulls will be trapped because they were being too greedy.
  • #543,386
  • Aug 19, 2020 12:49pm Aug 19, 2020 12:49pm
maybe next week can be small bulliesh but not 2day
  • #543,387
  • Aug 19, 2020 12:53pm Aug 19, 2020 12:53pm
Quoting Siame
Stop too tight. Hit. Position CLOSED. I'll be looking for BUYs around Last Week's High (417/545 region). Bias still Bullish.
I've filled a BUY portion, expecting my second order to be filled. If we continue and close below this Weekly High, I'll reassess my Bias.
Attached Image (click to enlarge)
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  • #543,388
  • Aug 19, 2020 12:54pm Aug 19, 2020 12:54pm
Let's See,

... If this does ANYTHING for the Pound:
6 min's or less:

Attached Image (click to enlarge)
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I will work to Objectively Identify my Edges
  • #543,389
  • Aug 19, 2020 1:09pm Aug 19, 2020 1:09pm
lol i cant count gooooood number lunch time boE,,, cya at asian session
  • #543,390
  • Aug 19, 2020 1:12pm Aug 19, 2020 1:12pm
Quoting gatenio
{quote} gone? what? why? below 1.3 for me, it will take some days. i could be wrong. im not a prophet, just my view. it could go 1.35 before 1.3, i just believe it wont.
I'm not a prophet either, just my view, could also be wrong
Compulsions can be hard to resist
  • #543,391
  • Aug 19, 2020 1:12pm Aug 19, 2020 1:12pm
Quoting JayBag
Good Morning Everyone, Nothing has changed for me.. I will wait for 1.3118 to stack up BUYS. Not going to just click buy because we had a strong daily yesterday.. Not even thinking of selling either (No Ways).. Let's talk If/When we arrive at 1.3118.. Have a great day ladies and gents. SS
Awesome PA..

Me and my neighborhood are now stacking buys for the roof.
This should be interesting

StaySafe Everyone
  • #543,392
  • Aug 19, 2020 1:16pm Aug 19, 2020 1:16pm
Holy, 150 pips swing today, Fed says: "coronavirus to weigh heavily on economy"
  • #543,393
  • Aug 19, 2020 1:16pm Aug 19, 2020 1:16pm
king dollar is back
  • #543,394
  • Edited 1:31pm Aug 19, 2020 1:18pm | Edited 1:31pm
Quoting hawk786
{quote} Wait sis, as MOTY said Luring sellers So buy is on the way , depends if you have enuff to hold your buy In my view 3154 is still a buying point Below that sharp fall to 3100 and below can be seen Else we may see GU 3300++ very soon
each one does what he understands and finds the best ... I must wait mainly for the closing of the week ...

I sold it yesterday and today and I'm waiting.

In this crisis you have two options ... buy a dollar to protect yourself until he meets resistance and finally falls ... or do nothing.
Soon the stock market will show the truth.

I am waiting for the 1.30479 support break or not.
  • #543,395
  • Aug 19, 2020 1:23pm Aug 19, 2020 1:23pm
Quoting Moty
{image}
I must say you really have a gift of always being on the wrong side of a trade. How do you do it?
  • #543,396
  • Aug 19, 2020 1:27pm Aug 19, 2020 1:27pm
Quoting JayBag
{quote} Awesome PA.. Me and my neighborhood are now stacking buys for the roof. This should be interesting StaySafe Everyone
make sense, but just for few pips.. not for your 1.35
  • #543,397
  • Aug 19, 2020 1:33pm Aug 19, 2020 1:33pm
Quoting gatenio
{quote} make sense, but just for few pips.. not for your 1.35
No I don't want 1.35 bro lol.. I need 1.37 first then a retrace back to 1.32 then 1.50.. Sounds crazy but I have been crazy for a while and I want no cue

Let's see how it goes

SS
  • #543,398
  • Aug 19, 2020 1:35pm Aug 19, 2020 1:35pm
Quoting gatenio
{quote} make sense, but just for few pips.. not for your 1.35
still soon to determine such a statement, but..
1.288 area is a potential zone to buy for 1.35+
till then we waiting to face 1.30-1.305 again.. maybe even tomorrow.

  • #543,399
  • Aug 19, 2020 1:39pm Aug 19, 2020 1:39pm
Quoting JayBag
{quote} No I don't want 1.35 bro lol.. I need 1.37 first then a retrace back to 1.32 then 1.50.. Sounds crazy but I have been crazy for a while and I want no cue Let's see how it goes SS
no..... dont do this again.. i’ve got dejavu from 1.03-1.05 on EU..., 111 on UJ..
no no no.. scrap it!!!!!!
  • #543,400
  • Aug 19, 2020 1:43pm Aug 19, 2020 1:43pm
Quoting gatenio
{quote} no..... dont do this again.. i’ve got dejavu from 1.03-1.05 on EU..., 111 on UJ.. no no no.. scrap it!!!!!!
You can't troll me on a weekday.. Wait for weekends
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