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Cable Update (GBPUSD)

  • #558,681
  • Nov 13, 2020 12:33am Nov 13, 2020 12:33am
good morning my scenario for today.
after Ewave complete cycle its time for a retrace 50%/61.8% of A-C
it can drop more for a better potential bullish setup but im going long maybe soon.
my tp is 1.32, safe spot base h1
Attached Image (click to enlarge)
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  • #558,682
  • Nov 13, 2020 12:40am Nov 13, 2020 12:40am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 37 KB
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 20 KB
yes yes yes
  • #558,683
  • Nov 13, 2020 12:50am Nov 13, 2020 12:50am
@moty, the third chart (GU H1) looks very very nice.

Thanks for sharing!
  • #558,684
  • Nov 13, 2020 12:58am Nov 13, 2020 12:58am
seem smell 1.32 again
  • #558,685
  • Nov 13, 2020 1:14am Nov 13, 2020 1:14am
If not yet short, looks like a sell zone just above
Attached Image (click to enlarge)
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Compulsions can be hard to resist
  • #558,686
  • Nov 13, 2020 1:16am Nov 13, 2020 1:16am
Quoting gatenio
good morning my scenario for today. after Ewave complete cycle its time for a retrace 50%/61.8% of A-C it can drop more for a better potential bullish setup but im going long maybe soon. my tp is 1.32, safe spot base h1 {image}
do you have entry and sl mate??
If you are new to Forex? Say Goodbye to your account!!
  • #558,687
  • Nov 13, 2020 1:33am Nov 13, 2020 1:33am
Quoting KiwiTrada
{quote} do you have entry and sl mate??
oh sorry, im scalping the top of the sandwich zone 15m,30m,1h,4h so i cant share any trade i’ve got cause it is too much.
so i didnt share any trade just my bias for today with chart full of info imo..
my entry was 1.1312 without sl cause i’ve got a lot of sandwiches below so i monitor it and add untill the lowest sandwich
  • #558,688
  • Nov 13, 2020 1:47am Nov 13, 2020 1:47am
Quoting gatenio
{quote} oh sorry, im scalping the top of the sandwich zone 15m,30m,1h,4h so i cant share any trade i’ve got cause it is too much. so i didnt share any trade just my bias for today with chart full of info imo.. my entry was 1.1312 without sl cause i’ve got a lot of sandwiches below so i monitor it and add untill the lowest sandwich
no worries mate, sounds confusing, except for sandwich making me hungry, done scalping, hated it, personally I think entry and sl is much more important than target / tp etc, shows risk with trade,
If you are new to Forex? Say Goodbye to your account!!
  • #558,689
  • Nov 13, 2020 2:04am Nov 13, 2020 2:04am
Let take it slow..
Attached Image (click to enlarge)
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Le$$ I$ More
  • #558,690
  • Nov 13, 2020 2:07am Nov 13, 2020 2:07am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 11-13-2020 10.02_1.jpg Size: 140 KB
yes yes yes
  • #558,691
  • Nov 13, 2020 2:10am Nov 13, 2020 2:10am
Quoting OnlineAddict
I smell a big bull coming up tomorrow. Switching to long, short term...and might look for shorts later tomorrow, ideally above 3200 or 3250.
Quoting OnlineAddict
EG crawling up towards 9000 again...might be a good opportunity for a scalp short there.
Took the profit on both and going to enjoy my weekend early this week.

Might short, if we go much much higher later today, during NY session.
Everyone can see the chart, but only a few can actually read it.
  • #558,692
  • Nov 13, 2020 2:14am Nov 13, 2020 2:14am
A case developing for a potential 1.3060 area before final take off. Failure to break pass 1.3180 today is a certain 1.3060.

Trade with caution.
Data + Stat + Risk/Emotions Management
  • #558,693
  • Nov 13, 2020 2:22am Nov 13, 2020 2:22am
Quoting Moty
{image}
Moty, please which broker are you using. your daily timeframe is different from mine.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Nov 13 08-20-27.png Size: 64 KB
Le$$ I$ More
  • #558,694
  • Nov 13, 2020 2:24am Nov 13, 2020 2:24am
Quoting pipfarm
{quote} Respect the markets, they know what your going to do before you even know yourself Now its a good sign for a retest maybe only 3211 as the low has broken and then some confirmation and possible short for me.

3118 support broken , the nearest old resistance which became support of the same degree that could be tested lays around 3211 , of course it could go higher, if i was long that is what i would target but counter swing or trend is not my style, so will wait to see if a short sets up after the retrace.

The 60m gave the clues for the start of the retrace , a small break up of the 3118 support then a tiny retest then up.
Follow The Markets Structure - Patience and Discipline
  • #558,695
  • Nov 13, 2020 2:28am Nov 13, 2020 2:28am
Tp 1.31800-1.32000
Attached Image (click to enlarge)
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yes yes yes
  • #558,696
  • Nov 13, 2020 2:31am Nov 13, 2020 2:31am
Quoting Roszey
{quote} Moty, please which broker are you using. your daily timeframe is different from mine. {image}
im using the same broker he does.
gmt clock, the daily close 3 hours after yours i believe
  • #558,697
  • Nov 13, 2020 2:34am Nov 13, 2020 2:34am
G/M, 50% of the 2914-3314 move @ y/day's lo (3107) @ top of the prev 1hr/4hr sw lo zone stretching down to 3092. Rise from there to %% of the 3228-3107 fall.
1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #558,698
  • Nov 13, 2020 2:38am Nov 13, 2020 2:38am
Quoting gatenio
{quote} im using the same broker he does. gmt clock, the daily close 3 hours after yours i believe
I see but i dont see how it should affect the daily tf that big.

Anyway all good.

Thanks
Le$$ I$ More
  • #558,699
  • Nov 13, 2020 2:53am Nov 13, 2020 2:53am
Quoting Roszey
{quote} I see but i dont see how it should affect the daily tf that big. Anyway all good. Thanks
3 hours sometimes can affect it big time.
i hate it, im using tradingview for another picture.
it affect on 4h view too..
  • #558,700
  • Nov 13, 2020 2:58am Nov 13, 2020 2:58am
Quoting gatenio
{quote} 3 hours sometimes can affect it big time. i hate it, im using tradingview for another picture. it affect on 4h view too..
i know of 4hr differences on GMT brokers. But Daily tf is strange
Le$$ I$ More
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