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Cable Update (GBPUSD)

  • #558,561
  • Nov 12, 2020 6:20am Nov 12, 2020 6:20am
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yes yes yes
  • #558,562
  • Nov 12, 2020 6:24am Nov 12, 2020 6:24am
Unbelievable. I got margin-called almost completely at the top and now it's of course almost back at B/E.
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  • #558,563
  • Nov 12, 2020 6:29am Nov 12, 2020 6:29am
Quoting fxmasterdxb
{quote} Closed the buy at loss, opened a sell recovered the loss and a bit more {image}
Lol very funny
I'm enjoying the wins because I was once terrified by loses
  • #558,564
  • Nov 12, 2020 6:30am Nov 12, 2020 6:30am
If price does not push through the 3118 low it could go up to retest the 3277, more likely scenario as gold will probably retest 1915 before coming down.
Follow The Markets Structure - Patience and Discipline
  • #558,565
  • Nov 12, 2020 6:31am Nov 12, 2020 6:31am
Quoting Georginson
Same people calling long will quickly switch to sell after 60 pips drop from High ... What a thread we have here. One thing is certain, stay with one direction and it will come there and still go positive. The direction between 1.3000/1.3300 is extremely repeatable between now and year end.
The bulls have gone missing right? That's almost 200 pips retracement from 1.3314 high. Stay with one position and you will still win with patience and good money management.

Now the bulls may come back anywhere from 1.3100/1.3140.
Data + Stat + Risk/Emotions Management
  • #558,566
  • Nov 12, 2020 6:42am Nov 12, 2020 6:42am
Quoting Erto
{quote} Lol very funny
Whats funny? This is called trading, in order to be a successful trader you need to know when your analysis is wrong and have the courage to take the right decision
  • #558,567
  • Nov 12, 2020 6:43am Nov 12, 2020 6:43am
Quoting Georginson
{quote} The bulls have gone missing right? That's almost 200 pips retracement from 1.3314 high. Stay with one position and you will still win with patience and good money management. Now the bulls may come back anywhere from 1.3100/1.3140.
You can always scalp up and down and grab quick pips, whats wrong with that?
  • #558,568
  • Nov 12, 2020 6:44am Nov 12, 2020 6:44am
Quoting Georginson
{quote} The bulls have gone missing right? That's almost 200 pips retracement from 1.3314 high. Stay with one position and you will still win with patience and good money management. Now the bulls may come back anywhere from 1.3100/1.3140.
Is 1.2913 too far to reach? Received a signal for that level. I want to go long but don't know how low this might fall
  • #558,569
  • Nov 12, 2020 6:49am Nov 12, 2020 6:49am
Quoting Ehsank78
{quote} Is 1.2913 too far to reach? Received a signal for that level. I want to go long but don't know how low this might fall

it would be unlikely today re adr but anything can happen. Make your own decisions from your own analysis and edge (if you have one.)
Trader with an Edge.
  • #558,570
  • Nov 12, 2020 6:49am Nov 12, 2020 6:49am
Quoting pipfarm
If price does not push through the 3118 low it could go up to retest the 3277, more likely scenario as gold will probably retest 1915 before coming down.
May i know why do you think gold will touch 1915 before pushing down?
In my view, gold is currently in the below triangle and I expect a move down to 1835-1825 before pushing up again
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  • #558,571
  • Nov 12, 2020 6:50am Nov 12, 2020 6:50am
Quoting Ehsank78
{quote} Is 1.2913 too far to reach? Received a signal for that level. I want to go long but don't know how low this might fall
To me, 1.3100 may be a good support zone, 1.2903 may or may not happen now. I will take a buy at 1.31 area and also set another buy limit at 1.29 area in case it gets there. Good Money management allows for multiple spaced entries. Just my view, no obligation to follow.
Data + Stat + Risk/Emotions Management
  • #558,572
  • Nov 12, 2020 6:51am Nov 12, 2020 6:51am
Quoting fxmasterdxb
{quote} Whats funny? This is called trading, in order to be a successful trader you need to know when your analysis is wrong and have the courage to take the right decision
Yep I agree n I admire
I'm enjoying the wins because I was once terrified by loses
  • #558,573
  • Nov 12, 2020 6:54am Nov 12, 2020 6:54am
Quoting fxmasterdxb
{quote} You can always scalp up and down and grab quick pips, whats wrong with that?
Scalping up and down isn't bad in anyway, just avoid being trapped at an unfavourable price.
Data + Stat + Risk/Emotions Management
  • #558,574
  • Nov 12, 2020 6:57am Nov 12, 2020 6:57am
Quoting Georginson
{quote} Scalping up and down isn't bad in anyway, just avoid being trapped at an unfavourable price.
That i agree with you
  • #558,575
  • Nov 12, 2020 6:57am Nov 12, 2020 6:57am
Quoting Moty
{image}{image}
on a roll. nice.
  • #558,576
  • Nov 12, 2020 7:03am Nov 12, 2020 7:03am
posted possible long setups here https://www.forexfactory.com/thread/...5#post13259685
  • #558,577
  • Edited 7:25am Nov 12, 2020 7:07am | Edited 7:25am
Quoting fxmasterdxb
{quote} May i know why do you think gold will touch 1915 before pushing down? In my view, gold is currently in the below triangle and I expect a move down to 1835-1825 before pushing up again {image}

1933 resistance became support , current support failed to break , so resistance might be tested and i do not think that pattern is a triangle, from the 4 hour it has a single swing up then 3 down then the next moving up, triangles move in 3s, this is not something i would trade as i only look for trades moving with the larger degree swing or trend so if i was trading gold i would wait for the move up before going short with confirmation.

Look at the pattern you think is a triangle on the 4H , in particular look at the 3 swings down ,note how the support level 1866 has been broken and was retested as i write this.

I could be wrong so please do not take any trading decisions based on my analysis but hopefully it gives you food for thought

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Follow The Markets Structure - Patience and Discipline
  • #558,578
  • Nov 12, 2020 7:08am Nov 12, 2020 7:08am
Quoting Moty
{image}{image}
You up good bro. Take the money off the table and wait for the next hour. Don’t give back what you earned
  • #558,579
  • Nov 12, 2020 7:09am Nov 12, 2020 7:09am
Down to 30950 yeah..
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  • #558,580
  • Nov 12, 2020 7:16am Nov 12, 2020 7:16am
perfect reversal on the band
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yes yes yes
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