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Cable Update (GBPUSD)

  • #558,341
  • Nov 11, 2020 3:50am Nov 11, 2020 3:50am
Quoting gatenio
gold possible 1900 today, very good chance to snatch money i think correction is needed and after few failed today is the day {image}
Its possible but I wouldn't call it a sure thing, Gold have been making HL but not HH, so until we start to print HH then I will 100% agree with you
  • #558,342
  • Nov 11, 2020 3:52am Nov 11, 2020 3:52am
Quoting TerpFan2
Moty Struck the Carnival Game with a Hammer, -The Ball Went "UP", -Hit the Top of the Bell, and all of us going "SHORT" Finally begin to see some Ducket$. End of Story.
wow , the bulls were realy tough there
Attached Image(s) (click to enlarge)
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yes yes yes
  • #558,343
  • Nov 11, 2020 3:52am Nov 11, 2020 3:52am
Thats why the spike.
News that is now a news

https://uk.reuters.com/article/uk-br...KBN27R12F?il=0
Twitter: Rummer_grapes
  • #558,344
  • Nov 11, 2020 3:54am Nov 11, 2020 3:54am
Quoting gatenio
gold possible 1900 today,

What do you think will happen to my Cable shorts then?
Maadik Hugiis. IQ 69.
  • #558,345
  • Nov 11, 2020 3:58am Nov 11, 2020 3:58am
Quoting MoneyZilla
{quote} What do you think will happen to my Cable shorts then?
and where are your cable shorts? they dont show on the chart you attached?
My Currency is Urgency
  • #558,346
  • Nov 11, 2020 3:59am Nov 11, 2020 3:59am
Im out of my shorts, does not look convincing
  • #558,347
  • Nov 11, 2020 4:02am Nov 11, 2020 4:02am
Quoting Arief-
Still there --- 30p SL 1.3086 ---> 200p TP 1.3316 {image}
Long 200p TP
Exactly right there! and there was a reaction after, welcome to the bear
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  • #558,348
  • Nov 11, 2020 4:02am Nov 11, 2020 4:02am
1hr below.
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Trader with an Edge.
  • #558,349
  • Nov 11, 2020 4:04am Nov 11, 2020 4:04am
i thought it would be 61.8 but naih it was 78.6 Holy moly
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  • #558,350
  • Nov 11, 2020 4:12am Nov 11, 2020 4:12am
Quoting Forexmint
{quote} and where are your cable shorts? they dont show on the chart you attached?

Oh no! You got me in the corner!

Where are Georgie’s, oAddict’s, nessy’s, just to name a few, charts with opened positions?

May I ask you, to ask them, the exact same qustions, as you do ask me?
Maadik Hugiis. IQ 69.
  • #558,351
  • Nov 11, 2020 4:12am Nov 11, 2020 4:12am
Quoting Bacco
Thats why the spike. News that is now a news https://uk.reuters.com/article/uk-br...KBN27R12F?il=0
The news is that someone took short at 1.3300
Clue : crooks
yes yes yes
  • #558,352
  • Nov 11, 2020 4:14am Nov 11, 2020 4:14am
*bad Brexit news*
GU: ok, ok, I will drop. But first I collect the stops above 1.33.
  • #558,353
  • Nov 11, 2020 4:15am Nov 11, 2020 4:15am
Quoting MoneyZilla
{quote} Oh no! You got me in the corner! Where are Georgie’s, oAddict’s, nessy’s, just to name a few, charts with opened positions? May I ask you, to ask them, the exact same qustions, as you do ask me?
i ll ask them once i have an answer from you!
My Currency is Urgency
  • #558,354
  • Nov 11, 2020 4:16am Nov 11, 2020 4:16am
Quoting Forexmint
{quote} i ll ask them once i have an answer from you!

I will post mines, once they post theirs!
Maadik Hugiis. IQ 69.
  • #558,355
  • Nov 11, 2020 4:17am Nov 11, 2020 4:17am
So we have an hourly engulfing bar with a lower close breaking the hourly old resistance at 3280, first sign for bears , first support comes in at 3210, plus gold starting its move down into phase 3 of the daily correction
Follow The Markets Structure - Patience and Discipline
  • #558,356
  • Nov 11, 2020 4:19am Nov 11, 2020 4:19am
Quoting MoneyZilla
{quote} I will post mines, once they post theirs!
lol. this is circular and isnt going anywhere.i m out!

you dont even have a DM option!
My Currency is Urgency
  • #558,357
  • Nov 11, 2020 4:21am Nov 11, 2020 4:21am
Quoting VM.
*bad Brexit news* GU: ok, ok, I will drop. But first I collect the stops above 1.33.
I am asking myself.....its a coincidence or everytime we get any bad news regarding uk/brexit it always happen after a huge rally?!
Twitter: Rummer_grapes
  • #558,358
  • Nov 11, 2020 4:21am Nov 11, 2020 4:21am
Quoting VM.
*bad Brexit news* GU: ok, ok, I will drop. But first I collect the stops above 1.33.

thats what happens every time bro, look at gold the other day, it went up approx 70 pips upon release of news before dropping approx 1,000 pips
  • #558,359
  • Nov 11, 2020 4:26am Nov 11, 2020 4:26am
Quoting Bacco
{quote} I am asking myself.....its a coincidence or everytime we get any bad news regarding uk/brexit it always happen after a huge rally?!
Not a coincidence at all, of course. The market wants to sell from high.
  • #558,360
  • Nov 11, 2020 4:26am Nov 11, 2020 4:26am
Quoting Bacco
{quote} I am asking myself.....its a coincidence or everytime we get any bad news regarding uk/brexit it always happen after a huge rally?!

It sure is weird, its like someone somewhere is running an algorithm that reacts to news releases causing chaos in the markets, i can not imagine a trading institution reacting to every news release so it must be these pesky algos
Follow The Markets Structure - Patience and Discipline
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