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Cable Update (GBPUSD)

  • #556,681
  • Nov 3, 2020 3:27pm Nov 3, 2020 3:27pm
Good Grief,
'Could trade this thing all day long, at this pace...

Back up to the Windmill we go, nice little run here.
I will work to Objectively Identify my Edges
  • #556,682
  • Nov 3, 2020 3:30pm Nov 3, 2020 3:30pm
Missed that drop to 3012 area. Stuck in traffic! Ok so I’m keeping my trade open but will s/l at 13070 now instead. Tempting to switch to long for time being
Insane in the Brain..
  • #556,683
  • Nov 3, 2020 3:30pm Nov 3, 2020 3:30pm
fast 30 pips in long .
now short
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yes yes yes
  • #556,684
  • Nov 3, 2020 3:34pm Nov 3, 2020 3:34pm
Quoting Moty
fast 30 pips in long . now short {image}
After closing a trade in profit...the worst thing a trader can do, is to open a counter trade right away!
Everyone can see the chart, but only a few can actually read it.
  • #556,685
  • Nov 3, 2020 3:40pm Nov 3, 2020 3:40pm
GU,
Pulling "GJ", -by the Teeth...!

"Come on, Up that hill Baby!"
-Long w/"G.J.", into the Asian Market, w/nearly a 600 Point Dow.
Switched Computers to Desktop. Nice Run, Northward. Just so-nice!
Plus 30 Pip's into Asia's Market...

LooK at that nice, big Candlestick on the GJ "Daily" Candle,
GU- Making Strong, Strong Headway North... on 15 min Candles.
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I will work to Objectively Identify my Edges
  • #556,686
  • Nov 3, 2020 3:42pm Nov 3, 2020 3:42pm
Quoting Tim_isoara
{quote} Do you see the chart of fxmasterdxb? Do you see the fib?
Tim_isora, yes...we all have our own rules, definitions, and plans. I trade EW/HP and ranges "my way" and I am sure others who trade with these tools might trade differently...no issue here. If something is not clear in someone's post I always ask please help me to understand, what I am missing here?...
Always trade your own plan...I don't provide trading signals.
  • #556,687
  • Nov 3, 2020 3:43pm Nov 3, 2020 3:43pm
Quoting Moty
fast 30 pips in long . now short {image}
I don’t think it’s going to drop much now. In fact it will spike up towards 13270 before any further drops
Insane in the Brain..
  • #556,688
  • Nov 3, 2020 3:44pm Nov 3, 2020 3:44pm
Quoting BeeTogether
{quote} I don’t think it’s going to drop much now. In fact it will spike up towards 13270 before any further drops
Very possible.
Everyone can see the chart, but only a few can actually read it.
  • #556,689
  • Nov 3, 2020 3:45pm Nov 3, 2020 3:45pm
...that prev 1hr/4hr sw hi then lo then hi zone = prev res/supp/res = pot rbs provided the demand for the rise from the 3011 p/back lo...1hr is below. Great 15min hidden bullish div play there. That 4hr/dly desc t/line joining 3482 with 3176 is confluential with the 76.4% of 3176-2854 move on my current 4hr candle....@ 3099. New 1hr desc t/line joins 3176 with today's current hi.

Gonna go to bed for a few hrs and get up for the U.s results as they come in/if they come in overnight London....see if anything tradable.
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Trader with an Edge.
  • #556,690
  • Nov 3, 2020 3:50pm Nov 3, 2020 3:50pm
Quoting BeeTogether
{quote} I don’t think it’s going to drop much now. In fact it will spike up towards 13270 before any further drops
Well i can see 1.31 but 1.3270
  • #556,691
  • Nov 3, 2020 3:52pm Nov 3, 2020 3:52pm
Quoting MoneyZilla
{quote} Glad to hear your family went over that. I wish we were in the same situation... Son is fine already. The rest three of us are not affected by the covid19. Not sure, if this is good... or probably not?
I had COVID in August (slight temperature, lethargic, loss of smell/tasted) but not to the point of being bedridden.
I bombarded it with NeoCitran for three straight days and got better by the 4th. Luckily, I'm pretty athletic and active which I think helped.
Good luck with your kids and God bless.
Lost....
  • #556,692
  • Nov 3, 2020 3:53pm Nov 3, 2020 3:53pm
Recovered most of the loss today with the drop.
My usual mistake: I expect a big move up, and then a big move down; and instead of taking long AND THEN short, I am trying to pick up highs. Sometimes I am lucky, but often I lose money this way.
I have to work on the mental side of trading, to be able to take positions in both directions, in spite of my long-term bias.
  • #556,693
  • Nov 3, 2020 3:55pm Nov 3, 2020 3:55pm
4h looking quite interesting...
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Insane in the Brain..
  • #556,694
  • Nov 3, 2020 3:56pm Nov 3, 2020 3:56pm
Quoting VM.
Recovered most of the loss today with the drop. My usual mistake: I expect a big move up, and then a big move down; and instead of taking long AND THEN short, I am trying to pick up highs. Sometimes I am lucky, but often I lose money this way. I have to work on the mental side of trading, to be able to take positions in both directions, in spite of my long-term bias.
you me both!
Insane in the Brain..
  • #556,695
  • Nov 3, 2020 4:00pm Nov 3, 2020 4:00pm
ok the hourly looks like 13100 is doable retrace to 12984 also doable
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Insane in the Brain..
  • #556,696
  • Nov 3, 2020 4:05pm Nov 3, 2020 4:05pm
Quoting fxmasterdxb
{quote} Well i can see 1.31 but 1.3270
Every time the price moves up, bulls start talking about some targets way above. When we were at about 1.35, 1.4-1.5 was a sure thing, when we were at 1.317 couple of wees ago, 1.36-1.37 was almost done and dusted. Not that 1.327 cannot be achieved, but people tend to get ahead of themselves.
  • #556,697
  • Nov 3, 2020 4:11pm Nov 3, 2020 4:11pm
Quoting VM.
{quote} Every time the price moves up, bulls start talking about some targets way above. When we were at about 1.35, 1.4-1.5 was a sure thing, when we were at 1.317 couple of wees ago, 1.36-1.37 was almost done and dusted. Not that 1.327 cannot be achieved, but people tend to get ahead of themselves.
Everyone trades their own way and using their own system which could be right and could be wrong, the most important thing is not to base your trading on gut feeling and others analysis because for sure this is step towards failure.
at the moment, i can see cable topping between 1.3090-1.3110, if this is passed then I would need to have a serious consideration for my trading strategy
  • #556,698
  • Nov 3, 2020 4:14pm Nov 3, 2020 4:14pm
Quoting fxmasterdxb
{quote} Everyone trades their own way and using their own system which could be right and could be wrong, the most important thing is not to base your trading on gut feeling and others analysis because for sure this is step towards failure. at the moment, i can see cable topping between 1.3090-1.3110, if this is passed then I would need to have a serious consideration for my trading strategy
Its election night...30-50 pips is a minute thing for Cable, so you don't have to doubt your strategy simply because it overshoots those numbers. I think we will see 2900 relatively soon and it doesn't matter to me if we spike to 3100 before that or 3200 or 3300 or even higher. I will not re-evaluate my target, I will just look for the best possible entry, thats all.

But looking at the daily setup, we could really hit 3270, or even 3340, before going down. But like I said...who cares...with the proper money management, 200 pips DD is nothing.
Everyone can see the chart, but only a few can actually read it.
  • #556,699
  • Nov 3, 2020 4:17pm Nov 3, 2020 4:17pm
Quoting Not-KPMG
{quote} Dumpelooo When I see an Elliott dumpfo I know I'm looking at a schmuck What's that on the left Dumboooo??? Your little 1 is conflicting with the little 4.?? Duhhhhh Did ya see??? On the left side dumboooo No need to thank me
first, learn about an ending diagonal pattern before you open your mouth or ask me to explain to you this formation...you are real piss of work...I know that my accuracy might be killing you ...sorry you need to deal with this issue of yours on your own...

Most likely you look in the mirror when you see schmuck and hypocrite...Ladies and gentlemen, we have a new Elliott Wave Principle "expert" here...
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Always trade your own plan...I don't provide trading signals.
  • #556,700
  • Nov 3, 2020 4:17pm Nov 3, 2020 4:17pm
Just a small reminder here. A 100% proof we are in a range. There is is a high that needs to be checked... before anything else, I believe.
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Maadik Hugiis. IQ 69.
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