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Cable Update (GBPUSD)

  • #557,361
  • Nov 5, 2020 11:01am Nov 5, 2020 11:01am
Here we go!
I will tear the world apart for you.
  • #557,362
  • Nov 5, 2020 11:05am Nov 5, 2020 11:05am
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 11:06am Nov 5, 2020 11:06am
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 11:08am Nov 5, 2020 11:08am
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 11:10am Nov 5, 2020 11:10am
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 11:13am Nov 5, 2020 11:13am
Quoting Barnell
{quote} I think many people are buying USD ahead of FOMC....
That was for a joke bro
  • #557,367
  • Nov 5, 2020 11:15am Nov 5, 2020 11:15am
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 11:15am Nov 5, 2020 11:15am
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 11:17am Nov 5, 2020 11:17am
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 11:18am Nov 5, 2020 11:18am
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 11:19am Nov 5, 2020 11:19am
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 11:20am Nov 5, 2020 11:20am
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 11:21am Nov 5, 2020 11:21am
Right that didn’t work out well lol...
Ok back to the signal drawing board
Insane in the Brain..
  • #557,374
  • Nov 5, 2020 11:23am Nov 5, 2020 11:23am
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 11:25am Nov 5, 2020 11:25am
New high? Possible
target, could be 1.3250!
edit: Im not buying, just looking for areas to sell
  • #557,376
  • Nov 5, 2020 11:26am Nov 5, 2020 11:26am
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 11:31am Nov 5, 2020 11:31am
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 11:35am Nov 5, 2020 11:35am
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 11:36am Nov 5, 2020 11:36am
i think tomorrow we will break 3174 , maybe even tonight asian session
Follow The Markets Structure - Patience and Discipline
  • #557,380
  • Nov 5, 2020 11:38am Nov 5, 2020 11:38am
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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