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Cable Update (GBPUSD)

  • #554,641
  • Oct 23, 2020 9:08am Oct 23, 2020 9:08am
Looks like GU is getting ready for the weekend and the bears have started win its affection
Insane in the Brain..
  • #554,642
  • Oct 23, 2020 9:09am Oct 23, 2020 9:09am
Sell target today 1.3020..
  • #554,643
  • Oct 23, 2020 9:11am Oct 23, 2020 9:11am
Quoting vinforex7
Will they dump it ?
Well... yes, they do dump it...! But not exactly at the time... you want them to...
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  • #554,644
  • Oct 23, 2020 9:13am Oct 23, 2020 9:13am
I got lucky. I was outside, and saw the spike rally on GU on my phone, and short it, without really knowing what's going on....
Closing now. There seems to be more downside, but I am tired, and eager for closing for the weekend.

Closing GU for +60 pips
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Closing existing GBPJPY shorts made earlier today for +25 pips
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  • #554,645
  • Oct 23, 2020 9:13am Oct 23, 2020 9:13am
Quoting Moty
it just can't lift his head , come on you fool {image}
Based on my analysis, price could revisit 1.3095 again, and head back down afterwards.

I could be wrong, though.
  • #554,646
  • Oct 23, 2020 9:16am Oct 23, 2020 9:16am
cable has been more than fun today, both buyers and sellers had a fair day only the greedy traders got trapped
  • #554,647
  • Oct 23, 2020 9:22am Oct 23, 2020 9:22am
Quoting meugampong
short, @1.31 TP @1.295 SL, @1.315
buy@support, sell@resistance
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  • #554,648
  • Oct 23, 2020 9:23am Oct 23, 2020 9:23am
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yes yes yes
  • #554,649
  • Oct 23, 2020 9:25am Oct 23, 2020 9:25am
Quoting epzero
cable has been more than fun today, both buyers and sellers had a fair day only the greedy traders got trapped
are u trading in the 5 or the 1 min timeframe? and if yes than u have a pinpoint entry? because that would be fun! Just asking..
Time is your friend; impulse is your enemy! - John Bogle
  • #554,650
  • Oct 23, 2020 9:25am Oct 23, 2020 9:25am
Quoting gatenio
{quote} you need to be either an interior designer/architect or a brain/heart surgeon it's just amazing what I see on your charts over and over again.
gatenio, only the CMT but right now I am also a UN observer because I didn't take short beliving that (a)(b)(c) will fail and I'll be able to enter long again...small consolation is my MYM trade (futures) which is doing good.
Always trade your own plan...I don't provide trading signals.
  • #554,651
  • Oct 23, 2020 9:27am Oct 23, 2020 9:27am
Quoting nessus94
1,3025-27 needs a kiss
Kiss done

Love it
Make money by doing the opposite of Giveachance aka loser
  • #554,652
  • Oct 23, 2020 9:28am Oct 23, 2020 9:28am
Quoting Moty
{image}
as much as I want that situation I can’t see it the bears are taking the cable for a weekend of dirty fun.

I was out when cable hit 13120 and missed my b/e point to stop the trade. Oh well here goes next week
Insane in the Brain..
  • #554,653
  • Oct 23, 2020 9:31am Oct 23, 2020 9:31am
Quoting OxyGen_FX
I got lucky. I was outside, and saw the spike rally on GU on my phone, and short it, without really knowing what's going on.... Closing now. There seems to be more downside, but I am tired, and eager for closing for the weekend. Closing GU for +60 pips {image} Closing existing GBPJPY shorts made earlier today for +25 pips {image}
....and......the GU and GJ indeed went down further after I close them.
But I have no regrets.
Things could have gone the OTHER way, and result in lesser profit or even to BE.

Besides, it is Friday, near NY noon time, and liquidity will drop from there.
If trades gone wrong, harder for it to see any movement to after NY noon.

The weekend will be very volatile, as I am sure Trump and Biden will each try to dig more dirt.
And lets not forget.....the tweets.....Elections, BREXIT, vaccine.... tweets are more market moving than NFP.
  • #554,654
  • Oct 23, 2020 9:32am Oct 23, 2020 9:32am
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yes yes yes
  • #554,655
  • Oct 23, 2020 9:38am Oct 23, 2020 9:38am
Quoting Viki84
{quote} are u trading in the 5 or the 1 min timeframe? and if yes than u have a pinpoint entry? because that would be fun! Just asking..
it's really not about the timeframe but patient, i never for once entered a buy rather i waited for it to buy higher so i can sell it back down.
  • #554,656
  • Oct 23, 2020 9:40am Oct 23, 2020 9:40am
its not my idea but I think its right ,this level or below supports it with my other chart
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #554,657
  • Oct 23, 2020 9:40am Oct 23, 2020 9:40am
Quoting okanemici
{quote} Opened a long at 1.3080,no need to wait 1.3118
Added an other long, this is the all bullshit they can do this week. Fake dumpers. I will ride my longs next week for sure.
  • #554,658
  • Oct 23, 2020 9:42am Oct 23, 2020 9:42am
Quoting epzero
{quote} it's really not about the timeframe but patient, i never for once entered a buy rather i waited for it to buy higher so i can sell it back down.
But can i ask wich timeframe do u favor? Mine is 5 min
Time is your friend; impulse is your enemy! - John Bogle
  • #554,659
  • Oct 23, 2020 9:44am Oct 23, 2020 9:44am
Quoting Moty
{image}
Friday and the news stolen you.

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #554,660
  • Oct 23, 2020 9:48am Oct 23, 2020 9:48am
Attached Image (click to enlarge)
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yes yes yes
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