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Cable Update (GBPUSD)

  • #558,521
  • Nov 12, 2020 2:21am Nov 12, 2020 2:21am
Quoting Moty
{quote} but that it's tactical analyze , you predict what is going to happened in area of s&r. i can't trade the candle after it formed {image}
I'm talking about looooooooonger term brother.
Not 100-200 piddly pips
Compulsions can be hard to resist
  • #558,522
  • Nov 12, 2020 2:29am Nov 12, 2020 2:29am
A fall toward 1.3100-20 is imminent for good buy for bulls and take profit for bears.
Knowing that 1.3060-1.31 is an ultimate medium term buy zone, so double buy if targeted.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #558,523
  • Nov 12, 2020 2:54am Nov 12, 2020 2:54am
G/M, more downside and support found at a prev 1hr/minor 4hr sw lo zone = prev supp = pot sbr/ dly S1/38.2% 2929-3314....upside obstacles shown on 1hr 1st chart below...price trying to get thru the prev 1hr/4hr sw lo zone that on 4hr extends to 3200 / desc t/line on 1hr currently.

... dly - 2nd chart below shows where the fall has reached on that t/f - the prev sw hi = prev res = pot rbs...it extends down to circa 3150.
Attached Image(s) (click to enlarge)
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Trader with an Edge.
  • #558,524
  • Nov 12, 2020 3:10am Nov 12, 2020 3:10am
Quoting KiwiTrada
{quote} 1965 who would have though, Monday sell off massive rejection virtually impossible to get entry :-(
Yeah, honestly i was in/out from 1940 to 1965, i almost lost hope with the sell!
Caught part of the fall and made awesome 300 pips.
Im still selling though, expecting 1832-1825
  • #558,525
  • Nov 12, 2020 3:13am Nov 12, 2020 3:13am
the lows and highs of the h4 candles act as s&r
Attached Image(s) (click to enlarge)
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yes yes yes
  • #558,526
  • Nov 12, 2020 3:18am Nov 12, 2020 3:18am
Quoting Georginson
{quote} Maximum stake on all entries will not exceed 7% So aggregate drawdown will not also exceed 24% even if 1.3480 is attained considering the entries have 120 - 200 pips space between them. Also noteworthy that every break of a new resistance often come with 150 - 200 pips retracement... Check June - September moves.
As stated earlier at least 150 - 200 pips retracement already done... 1.3314 - 1.3164 ....
Data + Stat + Risk/Emotions Management
  • #558,527
  • Edited 3:33am Nov 12, 2020 3:19am | Edited 3:33am
... a L and LH on 4hr now...re 20/50/100 ema's - crossed down now 5min, 15min, 30min, 1hr neutral from crossed upp, 4hr, dly still crossed up. 76.4% 3117-3314 at the current dly lo. Below here some fibs (always!) then that prev 1hr/4hr sw lo zone to 3117 wiith 50% of 2930-3314 in it.

4 fib cluster 3160-67 (3 on 4hr chart below,) price testing deeper in that prev dly sw hi zone = prev res = pot rbs. 4hr below. The 23.6% shown is of the 2854-3314 move.
Attached Image
Trader with an Edge.
  • #558,528
  • Nov 12, 2020 3:28am Nov 12, 2020 3:28am
Next pit stop 3084
Attached Image (click to enlarge)
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  • #558,529
  • Nov 12, 2020 3:28am Nov 12, 2020 3:28am
Im expecting a retrace after hitting 1.3150-45 probably towards 1.3215-20, if we pass it then we may continue to 1.3350-1.34
  • #558,530
  • Nov 12, 2020 3:32am Nov 12, 2020 3:32am
"North",
from the 38.2 Being "Hit"...

Good Morning and Good Pipping to All,
On whatever direction(s)...
I will work to Objectively Identify my Edges
  • #558,531
  • Nov 12, 2020 3:38am Nov 12, 2020 3:38am
Attached Image (click to enlarge)
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yes yes yes
  • #558,532
  • Nov 12, 2020 3:39am Nov 12, 2020 3:39am
... a repeating pattern of bullish hidden div on 4hr so long as it stays above 3118. Doesn't mean to say it will play out for a new 4hr general fractal uptrend hi above 3314 but it is there.
Trader with an Edge.
  • #558,533
  • Nov 12, 2020 4:04am Nov 12, 2020 4:04am
Quoting navk
{quote} to me, the stop is 3168. will be all out if it hits 3168
Why 3168? How did you come up with that number?
Risk Management is of utmost importance!
  • #558,534
  • Nov 12, 2020 4:05am Nov 12, 2020 4:05am
Quoting Headland
... a repeating pattern of bullish hidden div on 4hr so long as it stays above 3118. Doesn't mean to say it will play out for a new 4hr general fractal uptrend hi above 3314 but it is there.
There are multiple signs of PA moving higher, looking for the right opportunity to long now
  • #558,535
  • Nov 12, 2020 4:17am Nov 12, 2020 4:17am
Quoting greengp
Seems We are out of the woods 1.32684

UM WE DO
  • #558,536
  • Nov 12, 2020 4:23am Nov 12, 2020 4:23am
Quoting fxmasterdxb
{quote} Yeah, honestly i was in/out from 1940 to 1965, i almost lost hope with the sell! Caught part of the fall and made awesome 300 pips. Im still selling though, expecting 1832-1825
yup me to was watching 1960 but missed the drop hrly tf watched as she dropped through 1950 then 1940 then next 2 candles dropped thru 1930, 1920 1910 fuken nearly clipped 1900 absolute night mare for me, so attacked 1910 got couple nice entries 1906 but absolutely pissed missing those first 2 hrly candles, just happen so fast :-( gold bears are awesome when they attack, much much quicker than bulls, higher tfs shes still bullish, hence pull backs are always vicious
I have caught 2 (weekly) on this pullback (monthly) 2050 august & 1960 october which emphasizes the disappointment at this 1960 was good resistance but missed it
If you are new to Forex? Say Goodbye to your account!!
  • #558,537
  • Nov 12, 2020 4:24am Nov 12, 2020 4:24am
Quoting fxmasterdxb
{quote} There are multiple signs of PA moving higher, looking for the right opportunity to long now
...1st 1hr/4hr upside hurdle is being challenged...bulls are trying. 1hr below.
Attached Image
Trader with an Edge.
  • #558,538
  • Nov 12, 2020 4:29am Nov 12, 2020 4:29am
Attached Image (click to enlarge)
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yes yes yes
  • #558,539
  • Nov 12, 2020 4:32am Nov 12, 2020 4:32am
Quoting fxmasterdxb
{quote} There are multiple signs of PA moving higher, looking for the right opportunity to long now
Longed at 1.3190, lets see
Attached Image (click to enlarge)
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  • #558,540
  • Nov 12, 2020 4:36am Nov 12, 2020 4:36am
Quoting KiwiTrada
{quote} yup me to was watching 1960 but missed the drop hrly tf watched as she dropped through 1950 then 1940 then next 2 candles dropped thru 1930, 1920 1910 fuken nearly clipped 1900 absolute night mare for me, so attacked 1910 got couple nice entries 1906 but absolutely pissed missing those first 2 hrly candles, just happen so fast :-( gold bears are awesome when they attack, much much quicker than bulls, higher tfs shes still bullish, hence pull backs are always vicious I have caught 2 (weekly) on this pullback (monthly) 2050 august & 1960 october...
Im sure there will much more opportunities in the future to catch I have exited my last short and on the sidelines now
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