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Cable Update (GBPUSD)

  • #556,121
  • Nov 2, 2020 1:03am Nov 2, 2020 1:03am
Quoting fxmasterdxb
{quote} Gold is a different story, all depending on the elections tomorrow, though for me to long gold again, at least 1835 has to be touched. In my analysis, gold will rally (capped at 1903) before the “big drop”
i think you are right both gold and cable will rally before the big drop, so i would avoiding shorting cable for now.
  • #556,122
  • Nov 2, 2020 1:10am Nov 2, 2020 1:10am
Trying a small long for 1.29300 .. if it doesnt hit on the open will dump it ...
Extreme gut feeling trader
  • #556,123
  • Nov 2, 2020 1:19am Nov 2, 2020 1:19am
Morning signal from IG not sure if it will go up even half this amount
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Insane in the Brain..
  • #556,124
  • Nov 2, 2020 1:21am Nov 2, 2020 1:21am
Quoting Barnell
{quote} Do you believe that gold will drop? If you do, then the strength of USD has yet to set in. If so, then you do still have room to short. It's not the best entry, but it could be the straw that breaks the camel's back.
read again.

just mention friday support break with ll close on 4h.
i want to keep it simple this week, old school s and r.
i want up move to short, thats all. dont want to buy at all, want to short higher.
dont care about gold now
  • #556,125
  • Edited 1:46am Nov 2, 2020 1:23am | Edited 1:46am
Quoting montygoldy
Trying a small long for 1.29300 .. if it doesnt hit on the open will dump it ...
let it run .
i am flexible
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yes yes yes
  • #556,126
  • Nov 2, 2020 1:31am Nov 2, 2020 1:31am
Quoting gatenio
{quote} read again. just mention friday support break with ll close on 4h. i want to keep it simple this week, old school s and r. i want up move to short, thats all. dont want to buy at all, want to short higher. dont care about gold now
You missed my point, but never mind.
I will tear the world apart for you.
  • #556,127
  • Nov 2, 2020 1:45am Nov 2, 2020 1:45am
Quoting kuroro001
{quote} in other words you have been buying dollar like crazy me too! long dollar on the way, but with election coming who knows what's next, and the brexit story is driving me crazy Rising gu is just an opportunity to sell at better price i have sold gu 2982 for some pips, who knows if its a runner or not but looking at copper, corn, cocoa short...i feel like usd will be massively bought
Fully hedging here
And now lets wait for the US election tomorrow
COT: The precious data ignored
  • #556,128
  • Nov 2, 2020 1:57am Nov 2, 2020 1:57am
G/M, price obviously didn't get/hasn't read yet...the memo about it being a 'massively short' day re reaction to England 2nd lockdown lol ! 1st upside obstacle the prev 1hr sw lo zone = prev supp = pot sbr seeing some supply. 1hr below.
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Trader with an Edge.
  • #556,129
  • Nov 2, 2020 2:12am Nov 2, 2020 2:12am
... downside breech of last week's lo now which is in that zone to 2861 thru which 61.8% 2674-3176 runs @ 2866. I think it has read the memo now !
Trader with an Edge.
  • #556,130
  • Nov 2, 2020 2:12am Nov 2, 2020 2:12am
Quoting dimitricss
Still running... {image}
Out.. and done... now look for gold...
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Trade with prediction = witch with her visions lol
  • #556,131
  • Nov 2, 2020 2:20am Nov 2, 2020 2:20am
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Maadik Hugiis. IQ 69.
  • #556,132
  • Nov 2, 2020 2:22am Nov 2, 2020 2:22am
Quoting pipfarm
Trying out the ew label score indicator in conjunction with my own analysis , when i see what i think is a correction , see what the analyser says and the score, this correction has a structural score of 93.8%, above 80% is good. {image}


93.8 % probability that the correction was good , spot on !!!
Follow The Markets Structure - Patience and Discipline
  • #556,133
  • Nov 2, 2020 2:23am Nov 2, 2020 2:23am
Way to go...
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  • #556,134
  • Nov 2, 2020 2:25am Nov 2, 2020 2:25am
...7th consecutive 5min bearish body close...right on dly s1/that 61.8% fib mentioned above...wkly s1 just below...another pot supp zone on dly/4hr below this to 2845.
Trader with an Edge.
  • #556,135
  • Nov 2, 2020 2:26am Nov 2, 2020 2:26am
stopped out .
took long at the bottom of the channel
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yes yes yes
  • #556,136
  • Nov 2, 2020 2:31am Nov 2, 2020 2:31am
Quoting KiwiTrada
{quote} cad next test 1 3400 cable (gap is interesting) no closure could target 1 2900 if can make break 1 2880 fresh air below, is presently flirting with ltl of rising chanel so some work to do aussie attacking psych 7000 kiwi 6600 psych looks like bearish week ahead :-)
1 2880 has been pierced, with or without retest, telling move, she has entered fresh air stress pierce, with short term potential for sub 1 2700 :-), work to do first
If you are new to Forex? Say Goodbye to your account!!
  • #556,137
  • Nov 2, 2020 2:36am Nov 2, 2020 2:36am
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yes yes yes
  • #556,138
  • Nov 2, 2020 2:46am Nov 2, 2020 2:46am
Quoting Barnell
{quote} Do you believe that gold will drop? If you do, then the strength of USD has yet to set in. If so, then you do still have room to short. It's not the best entry, but it could be the straw that breaks the camel's back.
Ka-ching...
I will tear the world apart for you.
  • #556,139
  • Nov 2, 2020 2:49am Nov 2, 2020 2:49am
...price right on the steepest asc daily t/line and wkly s1 at current dly lo in the pot 4hr/dly supp zone to 2845 ..big 1hr bearish thrust in the making ?
Trader with an Edge.
  • #556,140
  • Nov 2, 2020 2:56am Nov 2, 2020 2:56am
Quoting Headland
...price right on the steepest asc daily t/line and wkly s1 at current dly lo in the pot 4hr/dly supp zone to 2845 ..big 1hr bearish thrust in the making ?
With a 200 pips down only 2 hours after europe opened ? Sounds like a warning to stop selling to me, temporary
COT: The precious data ignored
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