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Cable Update (GBPUSD)

  • #556,501
  • Nov 3, 2020 9:05am Nov 3, 2020 9:05am
Quoting Barnell
{quote} No one dares to buy the dollar at the moment lol.
Just waiting for the right price
Fortune favors the brave.
  • #556,502
  • Nov 3, 2020 9:06am Nov 3, 2020 9:06am
Quoting Barnell
{quote} No one dares to buy the dollar at the moment lol.
They are buying stocks...Really ?

I am lost here
COT: The precious data ignored
  • #556,503
  • Nov 3, 2020 9:07am Nov 3, 2020 9:07am
strong pottencial turn around point in this box for usd
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  • #556,504
  • Nov 3, 2020 9:07am Nov 3, 2020 9:07am
Quoting greengp
As per cnn 7.30 pm usa time result
Sorry, do you mind telling us that in hours and minutes? I'm in Europe, have no idea about American time, lol. THanks.
I will tear the world apart for you.
  • #556,505
  • Nov 3, 2020 9:07am Nov 3, 2020 9:07am
Make money when sun shines
  • #556,506
  • Nov 3, 2020 9:07am Nov 3, 2020 9:07am
This could be a HUGE Wave-Set, North Moty-
Put your "Hammer" away... That's the only reason i put thumb's down.

You did hit that hammer about right, on that Sharp, "T.P." or Take Profit,
earlier- bounced me out of my long, eventually, w/a Stop Loss, taking 70-90 Pip's of profit.
(My own fault, taking profit !).

The adage, in the movie, "A Good Year", "NEVER PAT a BURNING DOG," comes to mind on this one...
__ With a Strong Wave-Set, and
__ A BOOMING DOW, and
__ Falling DollA, and
__ Goldman Sach's Ushering Sleepy Joe in, Long's have the 'Rule of the Roost' here.

Best of Pipping
I will work to Objectively Identify my Edges
  • #556,507
  • Nov 3, 2020 9:08am Nov 3, 2020 9:08am
Quoting greengp
{quote} if that sustain i will go for 1.30726 based on h 4 chart

ALSO POSSIBLE
  • #556,508
  • Nov 3, 2020 9:09am Nov 3, 2020 9:09am
Quoting kuroro001
{quote} They are buying stocks...Really ? I am lost here
You're not alone...I'm confused as hell when I look at the equities and then at XXX/USD pairs. Then I get even more confused when I look at DXY.

Maybe I'm just stupid..
I will tear the world apart for you.
  • #556,509
  • Nov 3, 2020 9:10am Nov 3, 2020 9:10am
Quoting kuroro001
Is it normal to buy stocks ahead of such important days? I wonder who's buying stocks, euro, pound....
i guess yes, and i guess the buying is just starting.
h4 is about to flip.. and for me is a big loss, i was loading lota of short around 1.3-1.301
they will take it to 1.308 today if this is going to continue
  • #556,510
  • Nov 3, 2020 9:11am Nov 3, 2020 9:11am
Quoting VM.
{quote} Added more at the same level, and put SL for both to 30 pips. I am now more comfortable with these shorts, as bulls tried and were not able to break 1.3. Also, Brexit news were quickly bought which sort of confirms my view the market wants to consolidate at about 1.3 and head lower after that. I won't be surprised if we quickly pierce 1.3 for stop loss hunt though, hence bigger SL.
Hit my stop. Clearly I was wrong assuming 1.3 area will hold.
  • #556,511
  • Nov 3, 2020 9:12am Nov 3, 2020 9:12am
Quoting gettoefl
{quote} anticipating 131 and a half in next thirty hours or so, current high barely above 130
no rush on this one though
twitter: @gettoefl
  • #556,512
  • Nov 3, 2020 9:12am Nov 3, 2020 9:12am
volume for the sellers up there for pound and euro

Probably lots of positionning right now
COT: The precious data ignored
  • #556,513
  • Nov 3, 2020 9:15am Nov 3, 2020 9:15am
Quoting gatenio
{quote} i guess yes, and i guess the buying is just starting. h4 is about to flip.. and for me is a big loss, i was loading lota of short around 1.3-1.301 they will take it to 1.308 today if this is going to continue
w sup there too but i dont belive it will go there...i lost in gbp im in aud so much clear for me
  • #556,514
  • Nov 3, 2020 9:15am Nov 3, 2020 9:15am
Quoting gatenio
{quote} i guess yes, and i guess the buying is just starting. h4 is about to flip.. and for me is a big loss, i was loading lota of short around 1.3-1.301 they will take it to 1.308 today if this is going to continue
Don't know

I'm just adding small shorts so i'm not overloaded, last short here at 3037 before the election news
I'll sit on my hands now

Whenever i see price rising like that ahead of such uncertainty it tells me it may reverse big (or at least retrace 100 pips minimum)
COT: The precious data ignored
  • #556,515
  • Nov 3, 2020 9:16am Nov 3, 2020 9:16am
Quoting Wavegarrick
{quote} 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 {image}
Hi Guys,
My buy trade from yesterday, holding strong and looking good. I have full cyclic bullish confirmation signals. Does this mean much during a US election? Probably not. I have not stacked up on my usual bullish confirmation signals because of the election. My weekly resistance 1 at 1.30430 currently being tested and could see a retrace from here, alternatively the descending trend line at 1.30789 ish which is from the last swing high at 1.34801. A clear break above could send bulls to new highs.

All the best,
Cheers.
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Trade to trade another day
  • #556,516
  • Nov 3, 2020 9:18am Nov 3, 2020 9:18am
Quoting OnlineAddict
If everything goes as it should, there could be shorting opportunities above 3100 or even 3200 during election night.
So far everything makes sence, still.
Everyone can see the chart, but only a few can actually read it.
  • #556,517
  • Nov 3, 2020 9:18am Nov 3, 2020 9:18am
Quoting chipsngravey
{quote} Far from stupid i think, but i guess we'll never know.

anyone ever had the "crazy idea" it might me men in black suits from such an oh so innocent country, planting it in China making it look like the Chinese...?

smoke and mirrors is ALWAYS at play
  • #556,518
  • Nov 3, 2020 9:18am Nov 3, 2020 9:18am
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yes yes yes
  • #556,519
  • Nov 3, 2020 9:18am Nov 3, 2020 9:18am
Quoting kuroro001
{quote} Don't know I'm just adding small shorts so i'm not overloaded, last short here at 3037 before the election news I'll sit on my hands now Whenever i see price rising like that ahead of such uncertainty it tells me it may reverse big (or at least retrace 100 pips minimum)
What time is the news? Mind enlightening me? THanks.
I will tear the world apart for you.
  • #556,520
  • Nov 3, 2020 9:20am Nov 3, 2020 9:20am
Quoting HBN08
{quote} Most high that can be is 1.30200 for me
I missed this HBN...
(my bad),

Shoot - LooK at this Wave-Set, it's possibly Huge.
I have no Bias right now. I worked on a family car 'till 1am, entered (2) Long's on GU & GJ -prior
to Asia & London, Passed out, woke back up.

You all enjoy the Ride,
Prop's to all of you Long
This Wave is Big, -I'm exhausted
I will work to Objectively Identify my Edges
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