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Cable Update (GBPUSD)

  • #557,121
  • Nov 5, 2020 3:54am Nov 5, 2020 3:54am
Going to rocket up more soon 15 min made another smaller triangle or some sort of corrective pattern and break out
Follow The Markets Structure - Patience and Discipline
  • #557,122
  • Nov 5, 2020 4:07am Nov 5, 2020 4:07am
... upside follow thru on that big 1hr bullish engulf candle and upside break of the prev 5min congestion zone but supply at that current dly hi again. How strong the bulls now ? / V.likely Biden win (legals aside) helping gbpusd upside ?
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Trader with an Edge.
  • #557,123
  • Nov 5, 2020 4:07am Nov 5, 2020 4:07am
Quoting Sang.Real
Hi I'm Newbie. am thinking to short and going long during US open. any comment appreciated for learning purposes. Thank you {image}

GBP USD

Newbie scalping short entry.

SL @ 16,1 pips
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  • #557,124
  • Nov 5, 2020 4:08am Nov 5, 2020 4:08am
ADR is 116 pips , today is 112 pips
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yes yes yes
  • #557,125
  • Nov 5, 2020 4:12am Nov 5, 2020 4:12am
Quoting Headland
... upside follow thru on that big 1hr bullish engulf candle and upside break of the prev 5min congestion zone but supply at that current dly hi again. How strong the bulls now ? / V.likely Biden win (legals aside) helping gbpusd upside ? {image}
Are they sour grapes
Or bum grapes?
Compulsions can be hard to resist
  • #557,126
  • Nov 5, 2020 4:15am Nov 5, 2020 4:15am
Quoting pipfarm
Going to rocket up more soon 15 min made another smaller triangle or some sort of corrective pattern and break out
yes it look like you right.

weekly wish we are in a big R for the close tomorrow.

check this weekly chart (line)
green =high
red= low
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  • #557,127
  • Nov 5, 2020 4:16am Nov 5, 2020 4:16am
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yes yes yes
  • #557,128
  • Nov 5, 2020 4:18am Nov 5, 2020 4:18am
Quoting trumps
{quote} Are they sour grapes Or bum grapes?

well they are sour, and they are bums lol !
Trader with an Edge.
  • #557,129
  • Nov 5, 2020 4:22am Nov 5, 2020 4:22am
Still holding onto my long because I don't know where it's going but I go with it.
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You can do it!
  • #557,130
  • Nov 5, 2020 4:24am Nov 5, 2020 4:24am
Quoting Kampion
Still holding onto my long because I don't know where it's going but I go with it. {image}
me too. I keep increasing my SL to past BE have set TP to past 3100 as a just incase
Insane in the Brain..
  • #557,131
  • Nov 5, 2020 4:25am Nov 5, 2020 4:25am
Quoting gatenio
{quote} yes it look like you right. weekly wish we are in a big R for the close tomorrow. check this weekly chart (line) green =high red= low {image}

That is very good of you to say so, but we are never right until the money is in the bank, i do not understand your chart at all but thanks

Here we go the rocket has activated its boosters lol
Follow The Markets Structure - Patience and Discipline
  • #557,132
  • Nov 5, 2020 4:28am Nov 5, 2020 4:28am
My personal bet goes for this scenario:

1. Biden wins more erectoral mandates (>270).
2. Markets react on Biden's "win" and the USD.
3. The chosen 538 erectorals have to vote, still (mid Dec'20).
4. Surprise, surprise! The Biden's majority betrays him, as once they did betray Clinton, back in 2016!
5. Markets react on the "new" situation... and the USD.
Maadik Hugiis. IQ 69.
  • #557,133
  • Nov 5, 2020 4:32am Nov 5, 2020 4:32am
Quoting MoneyZilla
My personal bet goes for this scenario: 1. Biden wins more erectoral mandates (>270). 2. Markets react on Biden's "win" and the USD. 3. The chosen 538 erectorals have to vote, still (mid Dec'20). 4. Surprise, surprise! The Biden's majority betrays him, as once they did betray Clinton, back in 2016! 5. Markets react on the "new" situation... and the USD.

I wonder what you were thinking when you were writing about the 538 "ERECTORALS" on second thoughts please do not tell us


Follow The Markets Structure - Patience and Discipline
  • #557,134
  • Nov 5, 2020 4:40am Nov 5, 2020 4:40am
Im thinking that gbp/usd will contunue to climb higher untill the NON farm hits then im thinking this pair will descend back to the 1.3000..that will make the restest at a phycological level then continue north..im also looking at non farm numbers from last month and expecting a slightly better result to last month which should push and bring down the gbp/usd back to the 1.3000 level..
thats what im guessing..ive already picked from this cherry tree..might grab another chunk before closing it out before non farm..
Happy Trading All
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  • #557,135
  • Nov 5, 2020 4:47am Nov 5, 2020 4:47am
Quoting Moty
{image}
Hello Moty! What is the name of the indicator on your chart?
Respectfully .....
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  • #557,136
  • Nov 5, 2020 4:48am Nov 5, 2020 4:48am
Currently we are in wave 3

Im not a big fan of Fibo but here goes

61.8% of wave 1 takes us to 3091

100% of wave 1 takes us to 3202

161.8% of wave 1 takes us to 3381
Follow The Markets Structure - Patience and Discipline
  • #557,137
  • Nov 5, 2020 4:51am Nov 5, 2020 4:51am
...speaking of fibs, price moves upside of 61.8% of the 3140-2854 move - 76.4% of which is @ 3086...Dly R1 @ 3111/12, mthly R1 @/around 3141, wkly R2 @/around 3167, 61.8% 3482-2675 is @ 3173.
Trader with an Edge.
  • #557,138
  • Nov 5, 2020 4:53am Nov 5, 2020 4:53am
LOOKING AT 1.30770
  • #557,139
  • Nov 5, 2020 4:54am Nov 5, 2020 4:54am
Quoting Kampion
Still holding onto my long because I don't know where it's going but I go with it. {image}

+$16 im out.

waiting on shorts now
You can do it!
  • #557,140
  • Nov 5, 2020 4:56am Nov 5, 2020 4:56am
Waiting for short
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