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Cable Update (GBPUSD)

  • #557,021
  • Edited 10:25am Nov 4, 2020 10:14am | Edited 10:25am
Quoting gespiri
{quote}{quote} Thanks for the explanation.....you're looking at a supercycle point of view which requires a lot of patience.
Yes SirWell cycles within cycles that eventuslly become a supercycle.
Cheers.
Trade to trade another day
  • #557,022
  • Nov 4, 2020 10:15am Nov 4, 2020 10:15am
Quoting kk300
{quote} Down...
Alrightey!



But isn't Moty already the Captain of that ship?

Alright, a more serious analysis...basically we are stuck in range, no real move...it's all psychological and a game of who dares to enter at this point...

Bears want to push this below 1.2953 and 1.29 while bulls want to stay above 1.30 and 1.3040...

That's all. Cheers, Imma enjoy my scotch.
I will tear the world apart for you.
  • #557,023
  • Nov 4, 2020 10:23am Nov 4, 2020 10:23am
51% on Forex Factory are short on Cable.
I will tear the world apart for you.
  • #557,024
  • Nov 4, 2020 10:30am Nov 4, 2020 10:30am
Quoting ChiForex
{quote} Your wishes only Mail votes are coming
Not my wish, I don't even live in the US. Was just stating what was happening.
  • #557,025
  • Nov 4, 2020 10:40am Nov 4, 2020 10:40am
Quoting emannnn
{quote} hi guys i change my mind. this count is in valid . i m looking for short
this is pic. i look for short in 2 or b zone
Attached Image (click to enlarge)
Click to Enlarge Name: 3 nov 1.png Size: 56 KB
  • #557,026
  • Nov 4, 2020 10:54am Nov 4, 2020 10:54am
Quoting Barnell
51% on Forex Factory are short on Cable.
That is because regardless of who ever wins the election, dollar will rally, so cable has multiply reasons to go down.
  • #557,027
  • Nov 4, 2020 11:27am Nov 4, 2020 11:27am
Quoting OnlineAddict
Good target for bears is 2900, might be even hit this week, BUT the entry will be the key...I will wait for 3100+, maybe much higher, during asia tonight.
This worked out well today. I am no longer a GU bull...now waiting for 2900 to come, but not trading GU anymore, until some setup is clear again.
Everyone can see the chart, but only a few can actually read it.
  • #557,028
  • Nov 4, 2020 11:29am Nov 4, 2020 11:29am
Quoting epzero
{quote} That is because regardless of who ever wins the election, dollar will rally, so cable has multiply reasons to go down.
Not going to sell at this levels though. Just my preference. Don't want to be caught with my pants down.
I will tear the world apart for you.
  • #557,029
  • Nov 4, 2020 11:38am Nov 4, 2020 11:38am
Quoting epzero
{quote} That is because regardless of who ever wins the election, dollar will rally, so cable has multiply reasons to go down.
Epzero, Your cocksure calls mean Nada mate, and I hope no one stakes their hard-earned money on your calls. What makes you so sure that the dollar will rally?. Come on man. You are derailing newbie traders. There are absolutely no guarantees on a dollar rally. Is this a fun game for you?

Cheers.
Trade to trade another day
  • #557,030
  • Nov 4, 2020 11:40am Nov 4, 2020 11:40am
I would have done the same already been caught with pants down in last 2 days. If it drops to 1.296 I’m pulling out.
Insane in the Brain..
  • #557,031
  • Nov 4, 2020 11:47am Nov 4, 2020 11:47am
Quoting BeeTogether
I would have done the same already been caught with pants down in last 2 days. If it drops to 1.296 I’m pulling out.
You sold at 1.2960? Might still go there, within the range and ADR of Cable. Keep faith my friend.
I will tear the world apart for you.
  • #557,032
  • Nov 4, 2020 11:51am Nov 4, 2020 11:51am
Quoting Barnell
{quote} You sold at 1.2960? Might still go there, within the range and ADR of Cable. Keep faith my friend.
No I have it as a b/e stop loss.
Insane in the Brain..
  • #557,033
  • Nov 4, 2020 11:57am Nov 4, 2020 11:57am
Quoting BeeTogether
{quote} No I have it as a b/e stop loss.
Good luck my friend!
I will tear the world apart for you.
  • #557,034
  • Nov 4, 2020 11:59am Nov 4, 2020 11:59am
Quoting Barnell
{quote} Good luck my friend!
thanks mate.
Insane in the Brain..
  • #557,035
  • Nov 4, 2020 12:04pm Nov 4, 2020 12:04pm
Quoting Wavegarrick
{quote} Epzero, Your cocksure calls mean Nada mate, and I hope no one stakes their hard-earned money on your calls. What makes you so sure that the dollar will rally?. Come on man. You are derailing newbie traders. There are absolutely no guarantees on a dollar rally. Is this a fun game for you? Cheers.
trade your trade and leave my views alone, i did not force you or anyone to enter a sell, it's just my opinion, i'm sure you have your reasons for your opinion too. FYI i didn't give a call, i only gave a market view so pls stop being pained by my comments, i have been selling and making money from the fall. so do you and make your money anyhow you want to.
  • #557,036
  • Nov 4, 2020 12:07pm Nov 4, 2020 12:07pm
Quoting Barnell
{quote} Not going to sell at this levels though. Just my preference. Don't want to be caught with my pants down.
yeah same here, the day is over and market will range, so i'll wait to attack tomorrow or later tonight if price goes up.
  • #557,037
  • Nov 4, 2020 12:11pm Nov 4, 2020 12:11pm
Quoting epzero
{quote} yeah same here, the day is over and market will range, so i'll wait to attack tomorrow or later tonight if price goes up.
It looks like both a long and short at the moment, lmao.
I will tear the world apart for you.
  • #557,038
  • Nov 4, 2020 12:20pm Nov 4, 2020 12:20pm
Quoting OnlineAddict
{quote} This worked out well today. I am no longer a GU bull...now waiting for 2900 to come, but not trading GU anymore, until some setup is clear again.
You confused Bubula....

You waiting 1.45 no???
Beware of robber banks (RB), bad advisors.
  • #557,039
  • Nov 4, 2020 12:22pm Nov 4, 2020 12:22pm
LOL.


Quoting OnlineAddict
Yes, there will be 1.45, I blablaaaa
It may take months or a year, I don't really care, I will keep buying the dips and.....few lies here by O.Add...... Good advice!

I'm saving this in my notes.
I'll laugh and pull it occasionally
Onlinus Addictus Longus
Attached Image
Beware of robber banks (RB), bad advisors.
  • #557,040
  • Nov 4, 2020 12:50pm Nov 4, 2020 12:50pm
Simply astonishing patience. Respect!

BTW, you not worried about other risks at play e.g. broker default, flash crash or even a cost of swap for instance?

Quoting Wavegarrick
Quoting gespiri
{quote} Hi Gespiri, Let me give you a brief indication of how I trade. When I have a direction I try and get in as low as possible and lock in quickly. If my trail stops are taken out I move on and look for a better price to enter. If it does not come I move on for the next cycle. I do scalp eitherway inbetween cycles and make my quick cash off that. which I don't post here. I just do not have the time to do that all day long, and don't want to confuse traders here. My core trades are what I post here. This is very important
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