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Cable Update (GBPUSD)

  • #556,241
  • Nov 2, 2020 9:46am Nov 2, 2020 9:46am
Quoting Moty
{quote} i am long to 1.29500 {image}
All the best I have locked my position at BE + 5 so I’m fine wherever it goes
  • #556,242
  • Nov 2, 2020 9:55am Nov 2, 2020 9:55am
Quoting montygoldy
{quote} its already in my TE so i believe it should be real right?????
The idea from the response wasn’t to question if your personal account was real or not but to highlight the fact that you were Up 200 something pips and thought it was amazing. Good job
  • #556,243
  • Nov 2, 2020 9:56am Nov 2, 2020 9:56am
... it was the confluence of that prev 4hr/dly sw lo zone = prev supp=pot supp zone that extends down to 2845, 50% downside extension of friday's candle, wkly S1 and that dly asc t/line that was the support - at today's current 2854 lo. Always good to seek out confluence in TA.
Trader with an Edge.
  • #556,244
  • Nov 2, 2020 10:05am Nov 2, 2020 10:05am
Quoting Moty
{quote} i am long to 1.29500 {image}
careful.. this is not looking like they going to take it there.
1.294 was close, they dropped 50 now, so another 50 up.. ping pong must stop and we need to get into real trend soon..
daily,4h,1h,m30,5m down and all fresh ones.

if h4, not yours.. the 4h that end im 2h from now be above 1.2922 chance is exist
  • #556,245
  • Nov 2, 2020 10:06am Nov 2, 2020 10:06am
Now it should retest low.
  • #556,246
  • Nov 2, 2020 10:06am Nov 2, 2020 10:06am
... 20/50/100 ema's all crossed down 5min - 4hr now...dly's remain crossed up atm.
Trader with an Edge.
  • #556,247
  • Nov 2, 2020 10:10am Nov 2, 2020 10:10am
My election day view; This month is definitely a bear month but first they will take the price up to 1.31 32 area and short from there. I am long, targeting 1.31 32 and look short from there possibly in 2 days.
  • #556,248
  • Nov 2, 2020 10:25am Nov 2, 2020 10:25am
So many broker gaps unfilled

this pair looks like a bad stock now
COT: The precious data ignored
  • #556,249
  • Nov 2, 2020 10:27am Nov 2, 2020 10:27am
Quoting fxmasterdxb
{quote} Keeping it open bro, added at the top too waiting for a move below 1.2904 to set SL to BE {image}
Obviously this is going south, however, I have closed my positions as election is nearing and I prefer to be on the sidelines until things are clear

All the best to the brave ones who are trading during this time
  • #556,250
  • Nov 2, 2020 10:59am Nov 2, 2020 10:59am
ok i was expecting a bloodbath today and although i've not had any green pips today im relieved that there is scope for an upwards movement tomorrow before a big push down
Insane in the Brain..
  • #556,251
  • Nov 2, 2020 11:03am Nov 2, 2020 11:03am
Quoting BeeTogether
ok i was expecting a bloodbath today
Week only started...bloodbath will come, but might come for bears.
Everyone can see the chart, but only a few can actually read it.
  • #556,252
  • Nov 2, 2020 11:07am Nov 2, 2020 11:07am
Quoting OnlineAddict
{quote} Week only started...bloodbath will come, but might come for bears.
well a bloodbath for bears would suit me lol...

as long as cable stays over 12850, 13000-13200 should be achievable if Biden wins. However if Trump does then it will could be free fall to 125-126 area
Insane in the Brain..
  • #556,253
  • Nov 2, 2020 11:07am Nov 2, 2020 11:07am
Quoting Wavegarrick
{quote} Hi Guys , I would be careful in getting too bearish on Gu at this point. Gu is holding steady at this time with EurGbp dropping further south. EurGbp sell trades looking even better. It is clear that the Euro is decoupling from the Pound at this point. I have entered Gu buy trades off my yearly pivot at 1.2908 all locked in. I am getting subtle cyclic bullish signals. I will wait for next week, Have a great weekend Cheers. {image} {image}
Hi Guys,
I have staked my chances on a small buy trade today. With the US election we could see lots of volatility tomorrow. I do know that I am close to a cyclic reversal to the upside. The question remains, if the Us election outcome is priced into the market or not?. Logic tells me that we could go up but common sense tells me not to get too comfortable with that.

Trade very safe.
Cheers
Attached Image (click to enlarge)
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Trade to trade another day
  • #556,254
  • Nov 2, 2020 11:08am Nov 2, 2020 11:08am
Quoting BeeTogether
{quote} well a bloodbath for bears would suit me lol... as long as cable stays over 12850, 13000-13200 should be achievable if Biden wins. However if Trump does then it will could be free fall to 125-126 area
You'll see both, just play it nicely
don't worry
COT: The precious data ignored
  • #556,255
  • Nov 2, 2020 11:09am Nov 2, 2020 11:09am
Quoting BeeTogether
{quote} well a bloodbath for bears would suit me lol... as long as cable stays over 12850, 13000-13200 should be achievable if Biden wins. However if Trump does then it will could be free fall to 125-126 area
There will be no decision on the vote this week, most probably, with the mail-in votes needing weeks to be counted, so I expect spikes both ways, no direction change on the "result".
Everyone can see the chart, but only a few can actually read it.
  • #556,256
  • Nov 2, 2020 11:17am Nov 2, 2020 11:17am
Quoting BeeTogether
ok i was expecting a bloodbath today and although i've not had any green pips today im relieved that there is scope for an upwards movement tomorrow before a big push down
think you right.. maybe bulls going to enter here soon
  • #556,257
  • Nov 2, 2020 11:50am Nov 2, 2020 11:50am
Gold and DXY are both buying something is wrong somewhere.
  • #556,258
  • Nov 2, 2020 11:54am Nov 2, 2020 11:54am
Quoting epzero
Gold and DXY are both buying something is wrong somewhere.
I guess they are only balancing their portfolios.

Either way you cant be positioned strongly only on one side...
Twitter: Rummer_grapes
  • #556,259
  • Nov 2, 2020 12:16pm Nov 2, 2020 12:16pm
Quoting Bacco
{quote} I guess they are only balancing their portfolios. Either way you cant be positioned strongly only on one side...
true but it's hard to know which gets weak first.
  • #556,260
  • Nov 2, 2020 12:21pm Nov 2, 2020 12:21pm
Everyone hedging or going to cash
Look ahead, Macro=Direction, Levels & Structure = Entry
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