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Cable Update (GBPUSD)

  • #556,941
  • Nov 4, 2020 6:23am Nov 4, 2020 6:23am
Quoting Georginson
{quote} Bears will get greedy and eventually get burnt.
I did warn the bears, now price can go wherever
Data + Stat + Risk/Emotions Management
  • #556,942
  • Nov 4, 2020 6:26am Nov 4, 2020 6:26am
This is what is happening right now
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You can do it!
  • #556,943
  • Nov 4, 2020 6:26am Nov 4, 2020 6:26am
Trump needs to win Michigan and Wisconsin really
  • #556,944
  • Nov 4, 2020 6:31am Nov 4, 2020 6:31am
Quoting ohakaba
for the love of risk ill buy gbpusd on dips ahead of the general election. targets 1.32/.33 (exited all my sell)
its been a wild ride but still holding on to my bids...with same targert 1.33/.32
  • #556,945
  • Nov 4, 2020 6:34am Nov 4, 2020 6:34am
Quoting fxmasterdxb
{quote} Closed the uj short at 104.42, nice 50 pips now shifting to selling cable euro and gold (sell limits are set)
All triggered
  • #556,946
  • Nov 4, 2020 6:36am Nov 4, 2020 6:36am
Quoting fxmasterdxb
{quote} All triggered
You have a large appetite
Data + Stat + Risk/Emotions Management
  • #556,947
  • Nov 4, 2020 6:37am Nov 4, 2020 6:37am
All this move up has no volume at all, it runs up on fumes nothing more

Bring it up so i can short it again
COT: The precious data ignored
  • #556,948
  • Nov 4, 2020 6:37am Nov 4, 2020 6:37am
Good day everyone, I am long Cable according to my count on the H4 chart. So far so good. Trade is now risk free.

Safe trading everyone!!!
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  • #556,949
  • Nov 4, 2020 6:39am Nov 4, 2020 6:39am
Quoting kuroro001
All this move up has no volume at all, it runs up on fumes nothing more Bring it up so i can short it again
The week looks likely to end bullish, in this weird environment the only safe thing to do is buy @ weekly low and sell @ weekly high.
Data + Stat + Risk/Emotions Management
  • #556,950
  • Nov 4, 2020 6:40am Nov 4, 2020 6:40am
Quoting Tim_isoara
{quote} Your advice was: "If something is not clear in someone's post I always ask please help me to understand, what I am missing here?..." But...your reaction. If can't take your own advice... I can't take your advice...
Tim_isoara, if something doesn't fit into your plan you shouldn't take this advice (that's what I think). I prefer to be wrong based on my method of trading but I always analyze others' points of view in case I am missing something. If something fundamentally doesn't agree with my strategy I disregard suggestions and move on.
Always trade your own plan...I don't provide trading signals.
  • #556,951
  • Edited 7:02am Nov 4, 2020 6:43am | Edited 7:02am
Quoting gespiri
{quote} C2004, this could be the start of W-3 IMHO......
gaspiri, yes...or at least C leg in ABC zig-zag (5-3-5 pattern)
Edit: an updated chart with today's NY opening price and an obstacle to potential C point...
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Always trade your own plan...I don't provide trading signals.
  • #556,952
  • Nov 4, 2020 6:46am Nov 4, 2020 6:46am
Quoting Georginson
{quote} You have a large appetite
Haha small positions pal
anyway grabbed 20-25 pips and exited
  • #556,953
  • Nov 4, 2020 6:47am Nov 4, 2020 6:47am
Quoting Georginson
{quote} The week looks likely to end bullish, in this weird environment the only safe thing to do is buy @ weekly low and sell @ weekly high.
Long term move is pointing to 2100

So i'm patient and waiting a good rise to short it
COT: The precious data ignored
  • #556,954
  • Nov 4, 2020 6:47am Nov 4, 2020 6:47am
this is the day of trapping
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yes yes yes
  • #556,955
  • Nov 4, 2020 6:49am Nov 4, 2020 6:49am
Quoting kuroro001
All this move up has no volume at all, it runs up on fumes nothing more Bring it up so i can short it again
hopefully there's going to be a spike up, am guessing those weekly resistance is going to be broken sooner or later, these are volatile times so anything can happen.
  • #556,956
  • Nov 4, 2020 6:50am Nov 4, 2020 6:50am
Quoting fxmasterdxb
{quote} Haha small positions pal anyway grabbed 20-25 pips and exited
Quickest $650
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  • #556,957
  • Nov 4, 2020 6:51am Nov 4, 2020 6:51am
Quoting ohakaba
{quote} hopefully there's going to be a spike up, am guessing those weekly resistance is going to be broken sooner or later, these are volatile times so anything can happen.
am expecting a spike once final election results are announced but not sure which side the spike is gonna move too.
  • #556,958
  • Nov 4, 2020 7:00am Nov 4, 2020 7:00am
Quoting ohakaba
{quote} hopefully there's going to be a spike up, am guessing those weekly resistance is going to be broken sooner or later, these are volatile times so anything can happen.
tricky time really

What i don't like to see today is that the big volume is appearing now, in the middle of a move
Al the rise before was made on air

I want to see a move towards the low and see if real buyers lurk in, else i'll look for short between here and above today's high (100 pips window)

For now intraday flat
COT: The precious data ignored
  • #556,959
  • Nov 4, 2020 7:10am Nov 4, 2020 7:10am
If this current h4 closes in red with bigger vol....get ready for another leg down

Else lets see what could happen near 2942/46 (if we get there)
COT: The precious data ignored
  • #556,960
  • Nov 4, 2020 7:11am Nov 4, 2020 7:11am
Quoting kuroro001
{quote} tricky time really What i don't like to see today is that the big volume is appearing now, in the middle of a move Al the rise before was made on air I want to see a move towards the low and see if real buyers lurk in, else i'll look for short between here and above today's high (100 pips window) For now intraday flat
there is a lot of uncertainty building up around the US election, that's why I choose to sell dollar, I know fundamentally GBP is weak but such sentiment is taking back stage, its all about the dollar for now, technically on the daily chart GBPUSD seems to be holding on to its buy position (sorry I dont post charts) and long term traders are buying on dips, so i feel its logical that some big move up is in a making(remember fundamentally its all about dollar).
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