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Cable Update (GBPUSD)

  • #557,661
  • Nov 6, 2020 12:30pm Nov 6, 2020 12:30pm
Quoting shahab8b
{quote} You win $1,300 when you bet $100? still good odds. Did you place a bet?

No. I am betting my fortune on Cable and Gold.
Maadik Hugiis. IQ 69.
  • #557,662
  • Nov 6, 2020 12:35pm Nov 6, 2020 12:35pm
These weekly candles will go as they do already: short->long->short->long->ext. by the end of the next Summer.
Attached Image (click to enlarge)
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So, stick to the shorts, as you do know what to expect next week, right?
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Maadik Hugiis. IQ 69.
  • #557,663
  • Nov 6, 2020 12:38pm Nov 6, 2020 12:38pm
Quoting Mitiblotch
{quote} {image}
Lool..this is BS!!!

Marked at another member here days ago using this same BS as source.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #557,664
  • Nov 6, 2020 1:15pm Nov 6, 2020 1:15pm
Quoting Mitiblotch
{quote} {image}
Man this guy thinks he knows better than “new york times” and “the associated press” he calls those sources BS
btw he never revealed his secret source
  • #557,665
  • Nov 6, 2020 1:19pm Nov 6, 2020 1:19pm
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.
With less than 3 hours to end this week trading the price still hasn't broken the projected 1.3176 area and rightly so for this week.

1.3020 may have to wait till next week while 1.3176 didn't break this week as expected doesn't mean it won't break in another week.

So much focus on US elections which eclipses the UK lockdown which attention will still shift to later.

Keep in mind that a break of 1.3176 is certain invitation of 1.3380 which will first take on 1.3270. Also a break of 1.2840 is certain invitation of 1.2660.

This November still has many more VOLATILITY inside of it and a lot of caution is required.

Sellers will still get the 1.3020 after then either of these (1.2840 or 1.3176 ) must break with a large daily candle.

Be patient, avoid the market noise and apply proper money management.

Enjoy your weekend all.
Data + Stat + Risk/Emotions Management
  • #557,666
  • Nov 6, 2020 1:28pm Nov 6, 2020 1:28pm
Attached Image (click to enlarge)
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yes yes yes
  • #557,667
  • Nov 6, 2020 1:29pm Nov 6, 2020 1:29pm
Quoting Moty
{image}
Agree with you, we could see a spike to 1.3250/1.3300 before the drop
  • #557,668
  • Edited 2:06pm Nov 6, 2020 1:46pm | Edited 2:06pm
...3 tests (14th & 16th Oct, and 2nd Nov) and 3 x bounces up now from that prev dly sw lo = prev supp = pot supp zone to 2845 (This week's lo @ 2854.) - this week's bounce up and ascending t/line bounce decisively breeching the steepest descending t/line to the upside. The weekly candle will almost certainly close as a bullish engulfing. 1st test of the prev dly/minor wkly sw hi zone to 3176 [with 61.8% of 3482-2675 @ 3173] post NFP release today saw some supply but so far a shallow pullback from it.

Dly chart is below with fib extensions of the 3176-2854 move plotted upside of that prev 3176 sw hi. Other than these and the 76.4% fib of the 3482-2675 move, and the desc t/line joining 4376 with 3482 prev sw hi's - it is fresh air on this dly t/f till zone leading to said 3482 prev sw hi. Will have to drop down to 4hr to see more potential (pot) res/sbr areas should 3176 break to the upside, and of course there are the respective mthly, wkly and dly calculated pivots too.

So, 3 tests of a potential support zone (mentioned above and in light blue on chart below) and 3 x bounces up, -and- an upside breech from the 3rd bounce - of the desc t/line....Bullish ?
Attached Image (click to enlarge)
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Trader with an Edge.
  • #557,669
  • Nov 6, 2020 1:49pm Nov 6, 2020 1:49pm
Quoting Wavegarrick
{quote} Hi Guys, I caught a buy trade today with NFP and did not post it for specific reasons. Too late in the cycle, NFP, friday and US Elections. I remain in a bullish cycle but this could all change in the coming week My special thanks to Shahab and Coreg2004. You Guys truly know your stuff and post the highest quality, we can all learn a great deal from you. Your inputs are truly appreciated Have a great weekend Guys Cheers. {image}
Thank you for your nice words Leon. You may use a different approach but your charts and market insights are always appreciated. I also learn from Coreg2004. He is on another level.
  • #557,670
  • Nov 6, 2020 2:14pm Nov 6, 2020 2:14pm
Due respect to u all how the usa election take place man. I vote through ballot say Biden or trump or the senator. teach me. i am going to
  • #557,671
  • Nov 6, 2020 2:16pm Nov 6, 2020 2:16pm
Quoting greengp
Due respect to u all how the usa election take place man. I vote through ballot say Biden or trump or the senator. teach me. i am going to
we vote for modi or rahul( dumb) guy
  • #557,672
  • Nov 6, 2020 2:25pm Nov 6, 2020 2:25pm
Quoting fxmasterdxb
{quote} Agree with you, we could see a spike to 1.3250/1.3300 before the drop
Early next week might be an interesting one. Possibility of 133 and then a smack down to 1.29 area on the cards too. As for today unless we get a winner in the next 90mins it’s a dead beat for time being
Insane in the Brain..
  • #557,673
  • Nov 6, 2020 3:24pm Nov 6, 2020 3:24pm
Quoting BeeTogether
{quote} Early next week might be an interesting one. Possibility of 133 and then a smack down to 1.29 area on the cards too. As for today unless we get a winner in the next 90mins it’s a dead beat for time being
so it is easy 150 + 400 pips ?
  • #557,674
  • Nov 6, 2020 3:44pm Nov 6, 2020 3:44pm
The 4hr is an interesting potential read for next week
Attached Image(s) (click to enlarge)
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Compulsions can be hard to resist
  • #557,675
  • Nov 6, 2020 3:55pm Nov 6, 2020 3:55pm
Quoting genadi
{quote} so it is easy 150 + 400 pips ?
wouldn’t say easy but quite possible with potential spikes on election and Brexit deal results.
Insane in the Brain..
  • #557,676
  • Nov 6, 2020 4:00pm Nov 6, 2020 4:00pm
Quoting OnlineAddict
{quote} Week only started...bloodbath will come, but might come for bears.
Bears were nicely executed...now the bulls might be massacred next week. Min. target 2900.
Everyone can see the chart, but only a few can actually read it.
  • #557,677
  • Nov 6, 2020 11:10pm Nov 6, 2020 11:10pm
FF and Myfxbook retail shorts building:

https://www.forexfactory.com/trades#...ions-details=3

https://www.myfxbook.com/en/community/outlook
Compulsions can be hard to resist
  • #557,678
  • Nov 7, 2020 12:18am Nov 7, 2020 12:18am
Awaiting excitement from IG weekend traders!
I will tear the world apart for you.
  • #557,679
  • Nov 7, 2020 12:36am Nov 7, 2020 12:36am
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yes yes yes
  • #557,680
  • Nov 7, 2020 1:33am Nov 7, 2020 1:33am
Quoting Moty
{image}{image}{image}
Moty...your toy hammer hasn't worked for over 150 pips..going by your previous image, your account should had blown loll
I will tear the world apart for you.
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