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Cable Update (GBPUSD)

  • #557,781
  • Edited 4:02pm Nov 8, 2020 3:39pm | Edited 4:02pm
Quoting KeenPips
I will not be entering the GBPUSD market this week until I see a momentum shift. Here's why, from the technical perspective of a swing trader. The GBPUSD has been largely sideways for a while. On the daily time frame, price action is operating within the 1.28500/1.31800 zone. Presently, it is located around the 1.31800 horizontal resistance, where it printed an indecision candlestick last Friday. Personally, as a swing trader, I will not be looking to trade this pair until there is a momentum candlestick print on the daily time frame. I may be wrong....
I really like swingers but when I think about swing traders I cant help always thinking about some wild bunch a horrible trend fighters. Is good picture for you; suites you really well:
Attached Image
  • #557,782
  • Nov 8, 2020 3:46pm Nov 8, 2020 3:46pm
Quoting Bacco
{quote} I prefer short GJ right now.
By the way, when shorting GU, one should be careful with what BOJ may do. UJ broke long-term support at 104, I don't know if they would tolerate further decline.
https://www.forexlive.com/centralban...arket-20201108
  • #557,783
  • Nov 8, 2020 4:17pm Nov 8, 2020 4:17pm
Good opportunity for buys both gu and gj ,wait for gap fill
Follow The Markets Structure - Patience and Discipline
  • #557,784
  • Nov 8, 2020 4:22pm Nov 8, 2020 4:22pm
Quoting pipfarm
Good opportunity for buys both gu and gj ,wait for gap fill
If 1.3137 holds, I might consider a small long
  • #557,785
  • Nov 8, 2020 5:17pm Nov 8, 2020 5:17pm
Quoting fxmasterdxb
{quote} If 1.3137 holds, I might consider a small long

I got in on the gap fill, how about yourself? target 3400 as i believe this is wave 3 with a 1.618 fibo projection but i have another way to capture the end of the swing if anything changes.
Follow The Markets Structure - Patience and Discipline
  • #557,786
  • Nov 8, 2020 7:29pm Nov 8, 2020 7:29pm
Happy monday everyone be careful to short
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  • #557,787
  • Nov 8, 2020 10:30pm Nov 8, 2020 10:30pm
Quoting montygoldy
{quote} nothing happened.... you know i am gut feeling trader.....i still have faith in my trades.....need a hammer on gold.....
Hope your guts are taking it well.
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I will tear the world apart for you.
  • #557,788
  • Nov 8, 2020 10:40pm Nov 8, 2020 10:40pm
Quoting Arief-
Happy monday everyone be careful to short {image}
based h1 today is better for short.
but i cant read daily and weekly so its very hard to tell.
  • #557,789
  • Nov 8, 2020 11:39pm Nov 8, 2020 11:39pm
Quoting pipfarm
{quote} I got in on the gap fill, how about yourself? target 3400 as i believe this is wave 3 with a 1.618 fibo projection but i have another way to capture the end of the swing if anything changes.
I slept unfortunately, no worries Im sure there will be plenty other chances
  • #557,790
  • Nov 8, 2020 11:42pm Nov 8, 2020 11:42pm
Quoting Barnell
{quote} Hope your guts are taking it well. {image}
If I learnt something over the years of trading, NEVER MESS WITH GOLD! if it goes against you, close, dont wait and pray it goes your side because eventually it will either dent your account severely or blow your account (happened to me several times)
  • #557,791
  • Nov 8, 2020 11:57pm Nov 8, 2020 11:57pm
Cable could be topping here , I have few indications but waiting for confirmation
  • #557,792
  • Nov 8, 2020 11:59pm Nov 8, 2020 11:59pm
Quoting fxmasterdxb
{quote} If I learnt something over the years of trading, NEVER MESS WITH GOLD! if it goes against you, close, dont wait and pray it goes your side because eventually it will either dent your account severely or blow your account (happened to me several times)
The same could be said of GBP pairs actually. The GBP is not called the Dragon for nothing!
I will tear the world apart for you.
  • #557,793
  • Nov 9, 2020 12:03am Nov 9, 2020 12:03am
Quoting Barnell
{quote} The same could be said of GBP pairs actually. The GBP is not called the Dragon for nothing!
Thats is GBP/JPY which I have been avoiding for years now, burnt me over few times so decided to get it out from my trading instruments, all my trading system failed to understand this pair
  • #557,794
  • Nov 9, 2020 12:04am Nov 9, 2020 12:04am
Quoting fxmasterdxb
{quote} Thats is GBP/JPY which I have been avoiding for years now, burnt me over few times so decided to get it out from my trading instruments, all my trading system failed to understand this pair
Cable has a wide ADR as well that can burn inexperienced/greedy traders. As you are looking at, Cable could potentially be topping; if this is so, first bear target is 1.308X, which is a good 100 pips from here and we are only looking at the first target.
I will tear the world apart for you.
  • #557,795
  • Nov 9, 2020 12:13am Nov 9, 2020 12:13am
Quoting Barnell
{quote} Hope your guts are taking it well. {image}
Woa i didnt know people keeping track of my account.... thats pennies man thats how i roll for casino accounts all in or margin call and if u notice even after margin call still 22% up... that was a nice run...
Also for my risk appetite i had more monster margin calls than this ... if you want to see its all there in profile forum attachments....
Extreme gut feeling trader
  • #557,796
  • Nov 9, 2020 12:16am Nov 9, 2020 12:16am
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  • #557,797
  • Nov 9, 2020 12:17am Nov 9, 2020 12:17am
Quoting montygoldy
{quote} Woa i didnt know people keeping track of my account.... thats pennies man thats how i roll for casino accounts all in or margin call and if u notice even after margin call still 22% up... that was a nice run...
No, because I'm alert and can smell scammers from afar.

You are not 22% up, lmao. You are hiding your entire performance by creating a custom start date.

You create a custom start date and go full martingale without any SL, hoping to only TP, thus maintaining a 100% win rate to fool people. Thereafter you will try to sell stuff.

Oldest trick in the playbook.

Cheers.
I will tear the world apart for you.
  • #557,798
  • Nov 9, 2020 12:25am Nov 9, 2020 12:25am
Quoting Barnell
{quote} Cable has a wide ADR as well that can burn inexperienced/greedy traders. As you are looking at, Cable could potentially be topping; if this is so, first bear target is 1.308X, which is a good 100 pips from here and we are only looking at the first target.
Agreed, I sold gu, eu and cable, small positions
  • #557,799
  • Nov 9, 2020 12:26am Nov 9, 2020 12:26am
We have a new talker in the house..

Trying to poke his business into others.

Lets see how it ends
Le$$ I$ More
  • #557,800
  • Nov 9, 2020 12:36am Nov 9, 2020 12:36am
Quoting Barnell
{quote} No, because I'm alert and can smell scammers from afar. You are not 22% up, lmao. You are hiding your entire performance by creating a custom start date. You create a custom start date and go full martingale without any SL, hoping to only TP, thus maintaining a 100% win rate to fool people. Thereafter you will try to sell stuff. Oldest trick in the playbook. Cheers.
Sometimes kiddos like you make me laugh .... just throwing accusations in air without any facts... 1. Do you understand what martingale is? is adding same size position is called martingale 2. Custom age -- I believe if you following my account you should have known from where i started...400-2k in 1 week .... if not trade history is still there ..... 3. Can you share how i am fooling people by getting margin calls

Edit -- IF you had any chance of going to my forum attachments --> page 7.... a decent loss there as welll .... for you to make fun....
Extreme gut feeling trader
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