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Cable Update (GBPUSD)

  • #556,321
  • Nov 3, 2020 2:53am Nov 3, 2020 2:53am
shorting 2973 target 2930
Twitter: Rummer_grapes
  • #556,322
  • Nov 3, 2020 2:55am Nov 3, 2020 2:55am
Quoting Bacco
shorting 2973 target 2930
holding the same.. but tp is higher. 1.2943 ( 30p)
  • #556,323
  • Nov 3, 2020 2:57am Nov 3, 2020 2:57am
At the risk of stating the obvious, today is about positioning for the big boys. Usual scenario is for price to reach some high levels, consolidate there, then head aggressively lower (below open) and consolidate there, before returning to near unchanged for the day.
  • #556,324
  • Nov 3, 2020 2:57am Nov 3, 2020 2:57am
Quoting gatenio
{quote} holding the same.. but tp is higher. 1.2943 ( 30p)
i ll decide what to do around 2940
Twitter: Rummer_grapes
  • #556,325
  • Nov 3, 2020 2:59am Nov 3, 2020 2:59am
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 :-)
both 66cent and 70cent held, bears couldnt hack the pace aussie already at 71cent door kiwi following as typing
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  • #556,326
  • Nov 3, 2020 3:01am Nov 3, 2020 3:01am
cable can fly to the moon for all it cares but just one candle will bring it back down.
  • #556,327
  • Nov 3, 2020 3:01am Nov 3, 2020 3:01am
Quoting Lock
...following major refs: GB October open 2941 GB October close 29315 GB September close 29185 GB November open 29085 GB yesterday close 2899 If you will see a clear acceptation above them you may imagine to go and take out at least 29885 weaknesses (remembering the possible resistance at previous GB spike 2981). At the opposite if you will see acceptation below them you may imagine to go and test 2819 GB October low. Always consider current price location,...
GB opened, tested immediately our first major ref 2941, found nothing below it, and here we are at 2981. Let's see if 2981will oppose resistance. Then if it will be able or not to correct 29885.

Now, in order to continue any higher we need acceptation above 2981 and 29885. In such a case we can aim at 30255. If not, balance or return to the mean 2935-

Remember that we are leaving downside major pit unsolved weaknesses (November and October poor lows 2890 and 2860) and that GB never tested its October low. Note also that we left downside a new very little GB gap from yesterday GB high 29365 to current GB low 2938

Note also that we are not anymore in a daily trend downside: we are now in a full balance, monthly, weekly and daily.
Ubi maior minor cessat
  • #556,328
  • Nov 3, 2020 3:03am Nov 3, 2020 3:03am
Quoting gatenio
{quote} well done brother! sim lev!!! 1.2962 plus minus is dr1,weekly pivot and it will close gap.. bears maybe will attack for few. tp and look for good entery again
i went to sleep becouse i am a early bird and was tired
wake up and re entered again on the break , 1.29874-1.3000 tp
ty for the tip about going long
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yes yes yes
  • #556,329
  • Nov 3, 2020 3:03am Nov 3, 2020 3:03am
Quoting Bacco
{quote} i ll decide what to do around 2940
intraday area (vol wise) are 2954/56 & 2942/45
COT: The precious data ignored
  • #556,330
  • Nov 3, 2020 3:07am Nov 3, 2020 3:07am
I guess i stay away for now, small capital like mine will not survive , greenpips to all
end of the month, u r already a winner
  • #556,331
  • Nov 3, 2020 3:07am Nov 3, 2020 3:07am
Quoting kuroro001
{quote} intraday area (vol wise) are 2954/56 & 2942/45
thxfor the advice mate.
following my system i should take profit at 2930, but never be too strict

if will start to bounce too much at 2940 i ll close
Twitter: Rummer_grapes
  • #556,332
  • Nov 3, 2020 3:07am Nov 3, 2020 3:07am
Bought now for 100 pips
Patience.....
  • #556,333
  • Nov 3, 2020 3:11am Nov 3, 2020 3:11am
Quoting Bacco
{quote} thxfor the advice mate. following my system i should take profit at 2930, but never be too strict if will start to bounce too much at 2940 i ll close
I may follow for short scalp too

Anyway we should see good spikes up and down later today or during asian session, like 4 years ago
I guess any positions right now will bring cash
COT: The precious data ignored
  • #556,334
  • Nov 3, 2020 3:13am Nov 3, 2020 3:13am
Quoting kuroro001
{quote} I may follow for short scalp too Anyway we should see good spikes up and down later today or during asian session, like 4 years ago I guess any positions right now will bring cash
best of luck....and bring pips home
Twitter: Rummer_grapes
  • #556,335
  • Nov 3, 2020 3:20am Nov 3, 2020 3:20am
switched to short , eu at daily r3
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yes yes yes
  • #556,336
  • Nov 3, 2020 3:23am Nov 3, 2020 3:23am
So far so good
TP 1.3035
Attached Image (click to enlarge)
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#RepeatingTheProcess
  • #556,337
  • Nov 3, 2020 3:28am Nov 3, 2020 3:28am
Quoting Moty
switched to short , eu at daily r3 {image} {image}
lol eu made just 30 pips yesterday. thats why r3
  • #556,338
  • Nov 3, 2020 3:28am Nov 3, 2020 3:28am
Quoting Moty
switched to short , eu at daily r3 {image} {image}
Big vol is another 25/30 pips up for the euro

I'd wait here first
COT: The precious data ignored
  • #556,339
  • Nov 3, 2020 3:30am Nov 3, 2020 3:30am
Quoting KiwiTrada
{quote} not sure about election bs, this week little data releases, little kiwi and aussie midweek then friday morning big stirling saturday big us nfp etc, so this week perhaps positioning for big end of week moves, do nothing now, will be to late too dangerous with above releases, gun slinger territory im thinking for now already have positions swiss eu nu au so going to focus with gold & silver for possible continuation of pull back (down)?? right now gold 1895 (psych 1900 could influence ) silver 24 06 (yesterdays high could influence 24 12)...
Im pretty confident gold wont make 1910 if it Does I will add full lot, until then I am starting to build position now :-)
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  • #556,340
  • Nov 3, 2020 3:30am Nov 3, 2020 3:30am
Quoting gatenio
{quote} holding the same.. but tp is higher. 1.2943 ( 30p)
Best of luck, I do not see sign of weakness yet, will watch 1.3020/1.3030 levels if we get there
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