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Cable Update (GBPUSD)

  • #556,981
  • Nov 4, 2020 9:05am Nov 4, 2020 9:05am
Quoting fxmasterdxb
{quote} Agree, i can see sharp moves in the next few days, possibly touching 1.25 by early next week!
buy
Make money by doing the opposite of Giveachance aka loser
  • #556,982
  • Nov 4, 2020 9:06am Nov 4, 2020 9:06am
if usd breaks 93.350 next stop should be 93.000 as my view
But expecting up move as i think 4H ob ( the box) will hold price..
Might bw wrong good trades guys
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  • #556,983
  • Nov 4, 2020 9:10am Nov 4, 2020 9:10am
Quoting nessus94
{quote} buy
Well for me its a sell bro, i just sold the spike at 1.3
  • #556,984
  • Nov 4, 2020 9:14am Nov 4, 2020 9:14am
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yes yes yes
  • #556,985
  • Nov 4, 2020 9:17am Nov 4, 2020 9:17am
Ive just sold the spike aswell, down with the pound
  • #556,986
  • Nov 4, 2020 9:26am Nov 4, 2020 9:26am
Quoting kuroro001
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)
Missed it by 2 pips
Remain flat

It either touch 2942/46 (bounce or break we'll see) or it goes without me
COT: The precious data ignored
  • #556,987
  • Nov 4, 2020 9:31am Nov 4, 2020 9:31am
Quoting Moty
{image} {image}
Your refusal to close wrong trades that go in your favor just to see it go against you again is something you need to work on Moty.
Exits are more important than entries.
  • #556,988
  • Nov 4, 2020 9:34am Nov 4, 2020 9:34am
Quoting fxmasterdxb
{quote} Well for me its a sell bro, i just sold the spike at 1.3
we need Moty’s hammer
Insane in the Brain..
  • #556,989
  • Nov 4, 2020 9:35am Nov 4, 2020 9:35am
Quoting kelvinftg
{quote} Your refusal to close wrong trades that go in your favor just to see it go against you again is something you need to work on Moty. Exits are more important than entries.
Its not refusal .... his stubbornness for the tp is the issue... his trades goes positive.... other than that todays performance still going strong....Hungry for more
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Extreme gut feeling trader
  • #556,990
  • Nov 4, 2020 9:38am Nov 4, 2020 9:38am
Hello guys,

I don't think the pattern on the daily chart of GBPUSD is a symmetrical triangle.

Although the pattern seems to still be developing, I think some important levels have been missed.

Please what do you guys suggest?

Should I wait a little longer or should I consider the pattern invalid?

Thanks for being there guys.

Wish you all happy trading.
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  • #556,991
  • Nov 4, 2020 9:39am Nov 4, 2020 9:39am
Quoting Wavegarrick
{quote} 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. {image}
Hi Guys,
Seeing that I am in a cyclic uptrend my strategy has been to buy a low as possible. Elections or not. The idea is to lock in quickly and hopefully when the results come out, there will be a spike in the right direction with some surving trades, even if some some trail stops are taken out . So far working for me and of course I am not greedy.
All the best
Cheers.
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Trade to trade another day
  • #556,992
  • Nov 4, 2020 9:44am Nov 4, 2020 9:44am
Quoting fxmasterdxb
{quote} Moty can you lend me your hammer to push gold lower
lol.
  • #556,993
  • Nov 4, 2020 9:52am Nov 4, 2020 9:52am
Quoting kuroro001
{quote} Missed it by 2 pips Remain flat It either touch 2942/46 (bounce or break we'll see) or it goes without me
why 2942/2946 is important?
  • #556,994
  • Nov 4, 2020 9:53am Nov 4, 2020 9:53am
[quote=Wavegarrick;13245695]{quote} Hi Guys, Seeing that I am in a cyclic uptrend my strategy has been to buy a low as possible. Elections or not. The idea is to lock in quickly and hopefully when the results come out, there will be a spike in the right direction with some surving trades, even if some some trail stops are taken out . So far working for me and of course I am not greedy. All the best Cheers. {image}[/q
What TP area are you looking at?
Lost....
  • #556,995
  • Nov 4, 2020 9:54am Nov 4, 2020 9:54am
Quoting fxmasterdxb
{quote} Moty can you lend me your hammer to push gold lower
I think he is using to hammer Cable, so..
I will tear the world apart for you.
  • #556,996
  • Nov 4, 2020 9:56am Nov 4, 2020 9:56am
bad times to be a GBPUSD long-term trader, the rang just sucks...
  • #556,997
  • Nov 4, 2020 9:59am Nov 4, 2020 9:59am
Quoting Barnell
{quote} I think he is using to hammer Cable, so..
Haha, no worries I used his hammer to push cable lower too
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  • #556,998
  • Nov 4, 2020 10:03am Nov 4, 2020 10:03am
Quoting fxmasterdxb
{quote} Haha, no worries I used his hammer to push cable lower too {image}
Cable is still stuck in a range to be honest. Bears need to smash it below 1.29...
I will tear the world apart for you.
  • #556,999
  • Nov 4, 2020 10:04am Nov 4, 2020 10:04am
Quoting Barnell
{quote} Cable is still stuck in a range to be honest. Bears need to smash it below 1.29...
Close below 1.2950 is the key pal
  • #557,000
  • Nov 4, 2020 10:06am Nov 4, 2020 10:06am
Quoting Barnell
{quote} Cable is still stuck in a range to be honest. Bears need to smash it below 1.29...
and just when you about the give up the price spikes, seen this too many times not to be patient with my entries holding onto my bids..
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