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Cable Update (GBPUSD)

  • #558,241
  • Nov 10, 2020 2:41pm Nov 10, 2020 2:41pm
So today is a wrap... 500 bucks on my small account and fully recovered from the gold margin calls(which i call a bit unlucky as those margin calls happened at 1965 which was the exact high of that day).... So far improvements i can see in my trading style .... more patience in opening and closing trades .... 200-2k done in like 2 weeks.... Next milestone to get 5k by the end of this month or preferably by next week......
Extreme gut feeling trader
  • #558,242
  • Nov 10, 2020 2:42pm Nov 10, 2020 2:42pm
Quoting Erebus
{quote} That's a joke, right? Do you really need all that extra toppings on your pizza?
Hahaha....i do, lol
In It To Win
  • #558,243
  • Nov 10, 2020 2:43pm Nov 10, 2020 2:43pm
Quoting Wavegarrick
{quote} Hi Waih I have a dedicated thread over at Steve Hopwood's forex forum where my system is shared with one and all. Template and indicators all there. To post a full system here and educate those interested won't be cool. Hope it helps. Cheers.
Much appreciated, will search for it. thanks
In It To Win
  • #558,244
  • Nov 10, 2020 2:48pm Nov 10, 2020 2:48pm
Quoting vinforex7
{quote} Moty is certainly the most enthusiastic guy here.... Sooner or later... you will certainly be very successful!!!!!!!!!!!!
How I wish enthusiasm was enough...sigh! I would be a millionaire by now! Money management, non-bias reading of PA, and going with the trend for 75% of your trades is better perhaps..
  • #558,245
  • Edited 3:22pm Nov 10, 2020 2:56pm | Edited 3:22pm
Quoting fxmasterdxb
{quote} I have no doubt of gold continuation, im just waiting for 1835-1825 to long, vaccine news was just a dent in gold, there’s alot of uncertainty around and that should push the gold higher Edit: after further analysis, i decided to long cable and gold

Are you sure about that , daily looks like it is moving into phase 3 of a correction , nearest old resistance becomes support of the same degree as the correction is at 1763

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Follow The Markets Structure - Patience and Discipline
  • #558,246
  • Nov 10, 2020 3:34pm Nov 10, 2020 3:34pm
Quoting pipfarm
{quote} Are you sure about that , daily looks like it is moving into phase 3 of a correction , nearest old resistance becomes support of the same degree as the correction is at 1763 {image}
Continuation of $60-$70 at least
  • #558,247
  • Nov 10, 2020 3:53pm Nov 10, 2020 3:53pm
S.O.E.R.
Expectations here are a secure, I repeat, a secure price drop of 150-200 pips.
Majority is everything.
We win elections, right?
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Maadik Hugiis. IQ 69.
  • #558,248
  • Nov 10, 2020 3:58pm Nov 10, 2020 3:58pm
Quoting MoneyZilla
S.O.E.R. Expectations here are a secure, I repeat, a secure price drop of 150-200 pips. Majority is everything. We win elections, right? {image}
We’re still supposed to hit 1.29 this week right? Or soon atleast??
  • #558,249
  • Nov 10, 2020 4:08pm Nov 10, 2020 4:08pm
Quoting ZTrader123
{quote} We’re still supposed to hit 1.29 this week right? Or soon atleast??

Absolutely! Just choose one of the many available Quantum Parallel Universes where this happens to you this week.
Maadik Hugiis. IQ 69.
  • #558,250
  • Nov 10, 2020 4:15pm Nov 10, 2020 4:15pm
Look! It start happening already!
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Maadik Hugiis. IQ 69.
  • #558,251
  • Edited 4:37pm Nov 10, 2020 4:23pm | Edited 4:37pm
...solid bullish thrust dly candle close now but a potential 1hr double top in the making as price tested yesterday's hi again. dly is below. Will we see a rejection of that daily equidistant channel top or a decisive upside break of it ?

Fundamentally, could still be some U.s election developments that might affect $ and of course brexit deal deadline looms large. U.s Bank Hol weds.
5min-dly 20/50/100 ema's remain crossed up.
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Trader with an Edge.
  • #558,252
  • Nov 10, 2020 5:09pm Nov 10, 2020 5:09pm
Very bullish close with a strong bearish potential. Actually...the candle couldn't be more fake with that "last minute" spike to 3277.

There could be some easy pips on the way down tomorrow...first target 100 pips towards 3177.
Everyone can see the chart, but only a few can actually read it.
  • #558,253
  • Nov 10, 2020 5:10pm Nov 10, 2020 5:10pm
just a gut feeling.. can we first overshoot beyond 1.33 and then end with the reversal today????

all short positions are set.... tp 1.31 ....... i have room for one more position if it spikes above 1.33 will add there....
Extreme gut feeling trader
  • #558,254
  • Nov 10, 2020 5:20pm Nov 10, 2020 5:20pm
From what im seeing this could potentially be the start of a bullish trend for a little while, what im seeing on the 4 hr is we have had a lot of buying off the 1.285-1.29 level

It seems like there are big players buying off those levels and dont want price to break below it, at least for the near future.

We may be headed back towards the 1.34-1.35 levels to test that monthly high

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  • #558,255
  • Nov 10, 2020 5:45pm Nov 10, 2020 5:45pm
Mayday, mayday... we are falling down!
279 down to 253?!?
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Maadik Hugiis. IQ 69.
  • #558,256
  • Nov 10, 2020 5:48pm Nov 10, 2020 5:48pm
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.

Interesting... are we back to this screenplay? LOL
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Maadik Hugiis. IQ 69.
  • #558,257
  • Nov 10, 2020 5:52pm Nov 10, 2020 5:52pm
Quoting MoneyZilla
{quote} Interesting... are we back to this screenplay? LOL {image}
Scenario that the market has already factored these things in, along with the vaccine announcement causing its own disruption and that the GU may retrace a little but otherwise it is business as usual. I suspect it may stay range bound from 1.3250 up to the 1.3300 area....
However I am not sure that a 'confirmed 150 pip drop' is a sure thing...as nice as that would be...
  • #558,258
  • Nov 10, 2020 5:52pm Nov 10, 2020 5:52pm
Quoting MoneyZilla
{quote} Interesting... are we back to this screenplay? LOL {image}
LOLOLOO
  • #558,259
  • Nov 10, 2020 5:59pm Nov 10, 2020 5:59pm
Quoting MoneyZilla
Mayday, mayday... we are falling down! 279 down to 253?!? {image}
HUhhhhhhh where did you get that??

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Please send link

Or is that an old screenshot??
  • #558,260
  • Nov 10, 2020 6:08pm Nov 10, 2020 6:08pm
Quoting MoneyZilla
Mayday, mayday... we are falling down! 279 down to 253?!? {image}
If this turned around, it would be the funniest thing ever. And hilarious 4 more years of whining to watch.
Everyone can see the chart, but only a few can actually read it.
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