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Cable Update (GBPUSD)

  • #557,361
  • Nov 5, 2020 1:01pm Nov 5, 2020 1:01pm
Here we go!
I will tear the world apart for you.
  • #557,362
  • Nov 5, 2020 1:05pm Nov 5, 2020 1:05pm
Quite here, must be reading the FOMC statement looking for clues as to where the market will go

Follow The Markets Structure - Patience and Discipline
  • #557,363
  • Nov 5, 2020 1:06pm Nov 5, 2020 1:06pm
Quoting pipfarm
Quite here, must be reading the FOMC statement looking for clues as to where the market will go
No movement in market too. Especially gold, muted.
I will tear the world apart for you.
  • #557,364
  • Nov 5, 2020 1:08pm Nov 5, 2020 1:08pm
Quoting Barnell
{quote} No movement in market too. Especially gold, muted.

Not like the good old days FOMC used to rock the market
Follow The Markets Structure - Patience and Discipline
  • #557,365
  • Nov 5, 2020 1:10pm Nov 5, 2020 1:10pm
Quoting pipfarm
{quote} Not like the good old days FOMC used to rock the market
Maybe the conference later?
I will tear the world apart for you.
  • #557,366
  • Nov 5, 2020 1:13pm Nov 5, 2020 1:13pm
Quoting Barnell
{quote} I think many people are buying USD ahead of FOMC....
That was for a joke bro
  • #557,367
  • Nov 5, 2020 1:15pm Nov 5, 2020 1:15pm
Dollar is already slaughtered before fomc, the only thing I expect now is some correction for mild dollar strength.
Data + Stat + Risk/Emotions Management
  • #557,368
  • Nov 5, 2020 1:15pm Nov 5, 2020 1:15pm
Quoting fxmasterdxb
{quote} That was for a joke bro
XXX/USD actually drifted up slightly lol.
I will tear the world apart for you.
  • #557,369
  • Nov 5, 2020 1:17pm Nov 5, 2020 1:17pm
Most traders are busy looking at the small picture of their low time frames, not seeing that GU building an uptrend by creating support from 1.30 on daily and weekly, and monthly switching slowly and cautiously upward with first real target just below 1.35 faced by weekly first resistance just below 1.34
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #557,370
  • Nov 5, 2020 1:18pm Nov 5, 2020 1:18pm
Quoting Mitiblotch
{quote} AM I allowed to surprise you? Biden isn't sitting in the White House even for a second!
Miti, I am surprised by your statmement Bud. Is there something you know that I don't???

Cheers.
Trade to trade another day
  • #557,371
  • Nov 5, 2020 1:19pm Nov 5, 2020 1:19pm
15 min trending through the old res which became support then resistance @ 3116 , good sign for bulls
Follow The Markets Structure - Patience and Discipline
  • #557,372
  • Nov 5, 2020 1:20pm Nov 5, 2020 1:20pm
Quoting Mitiblotch
{quote} AM I allowed to surprise you? Biden isn't sitting in the White House even for a second!
joke for 264
  • #557,373
  • Nov 5, 2020 1:21pm Nov 5, 2020 1:21pm
Right that didn’t work out well lol...
Ok back to the signal drawing board
Insane in the Brain..
  • #557,374
  • Nov 5, 2020 1:23pm Nov 5, 2020 1:23pm
Quoting Georginson
Dollar is already slaughtered before fomc, the only thing I expect now is some correction for mild dollar strength.
idk, i thoght it will hit 1.302, now i think they will take it above 1.32 before morning
  • #557,375
  • Nov 5, 2020 1:25pm Nov 5, 2020 1:25pm
New high? Possible
target, could be 1.3250!
edit: Im not buying, just looking for areas to sell
  • #557,376
  • Nov 5, 2020 1:26pm Nov 5, 2020 1:26pm
106 pips locked in , really do not like moving my stop too close to the action but 106 pips is a lot to end up giving back to the market so its done and letz see.
Follow The Markets Structure - Patience and Discipline
  • #557,377
  • Nov 5, 2020 1:31pm Nov 5, 2020 1:31pm
Quoting gatenio
{quote} idk, i thoght it will hit 1.302, now i think they will take it above 1.32 before morning
To be very clear, I do not see it breaking 1.3174 for this week. Bears will drive it down to 1.3020 area.

In all, it's pound and surprises mostly happen on this pair... Risk reward favours selling than buying.

Trade with good money management as this November has just begun it's drama.
Data + Stat + Risk/Emotions Management
  • #557,378
  • Nov 5, 2020 1:35pm Nov 5, 2020 1:35pm
Quoting Georginson
{quote} To be very clear, I do not see it breaking 1.3174 for this week. Bears will drive it down to 1.3020 area. In all, it's pound and surprises mostly happen on this pair... Risk reward favours selling than buying. Trade with good money management as this November has just begun it's drama.
i was hoping the FOMC would given something back there lol shorted at 1.31 oh well might go for a S/L at B/E cant see it dropping back to 13020 area
Insane in the Brain..
  • #557,379
  • Nov 5, 2020 1:36pm Nov 5, 2020 1:36pm
i think tomorrow we will break 3174 , maybe even tonight asian session
Follow The Markets Structure - Patience and Discipline
  • #557,380
  • Nov 5, 2020 1:38pm Nov 5, 2020 1:38pm
Quoting BeeTogether
{quote} i was hoping the FOMC would given something back there lol shorted at 1.31 oh well might go for a S/L at B/E cant see it dropping back to 13020 area
It depends on your patience level and money management, 1.31 short is a worldy of an opportunity to get 100 pips. Even if it gets 1.3200, price will still touch 1.3020 before it can go wherever it wants to go again.
Data + Stat + Risk/Emotions Management
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