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Cable Update (GBPUSD)

  • #559,061
  • Nov 16, 2020 6:13am Nov 16, 2020 6:13am
Quoting Barnell
{quote} But Gold is turning up now..plus DXY is still not strong..

Look at H4 gold just finished its abc correction up to the old support and has turned down big
Follow The Markets Structure - Patience and Discipline
  • #559,062
  • Nov 16, 2020 6:15am Nov 16, 2020 6:15am
Quoting fxmasterdxb
{quote} Or maybe the opposite? Im buying gold/cable, vaccine news is already priced in I would think

Big mistake imho to buy gold or cable , fcuk the news, let the big money deal with that
Follow The Markets Structure - Patience and Discipline
  • #559,063
  • Nov 16, 2020 6:18am Nov 16, 2020 6:18am
... pretty mixed picture intraday now. 20/50/100 ema crosses status as below.
Attached Image
Trader with an Edge.
  • #559,064
  • Nov 16, 2020 6:18am Nov 16, 2020 6:18am
Quoting pipfarm
{quote} Big mistake imho to buy gold or cable , fcuk the news, let the big money deal with that
Gold was safe to buy when it dropped big it make a 10 point correction
  • #559,065
  • Nov 16, 2020 6:20am Nov 16, 2020 6:20am
Just bring that crappy gold to 1500/1600 and lets move on
COT: The precious data ignored
  • #559,066
  • Nov 16, 2020 6:20am Nov 16, 2020 6:20am
Quoting pipfarm
{quote} Look at H4 gold just finished its abc correction up to the old support and has turned down big
I already TP-ed my gold buys for 500 bucks lol.
I will tear the world apart for you.
  • #559,067
  • Nov 16, 2020 6:21am Nov 16, 2020 6:21am
Quoting pipfarm
{quote} Big mistake imho to buy gold or cable , fcuk the news, let the big money deal with that
Time will tell, im following my plan and wouldnt mind for my SL’s to be hit
  • #559,068
  • Nov 16, 2020 6:24am Nov 16, 2020 6:24am
Quoting Ehsank78
{quote} Gold was safe to buy when it dropped big it make a 10 point correction

no problem with that i bought cable when i said retest of 3200 , was worth 10 points too , easy trade, loaded my shorts @3214, now i have 34 pips profit atm, so which is best trading retests or following price in the over riding direction
Follow The Markets Structure - Patience and Discipline
  • #559,069
  • Nov 16, 2020 6:25am Nov 16, 2020 6:25am
GU and DXY can rise together...FYI.
I will tear the world apart for you.
  • #559,070
  • Nov 16, 2020 6:25am Nov 16, 2020 6:25am
Quoting fxmasterdxb
{quote} Time will tell, im following my plan and wouldnt mind for my SL’s to be hit

Well time and price has just shown you
Follow The Markets Structure - Patience and Discipline
  • #559,071
  • Nov 16, 2020 6:27am Nov 16, 2020 6:27am
Quoting pipfarm
{quote} Well time and price has just shown you
Time and price will tell after the day candle close
  • #559,072
  • Nov 16, 2020 6:28am Nov 16, 2020 6:28am
Quoting pipfarm
{quote} Well time and price has just shown you
Price was showing a lot of m15 rejection off weekly close (and friday's high)

Its now playing weekly open, weekly close...bounce and bounce until it really breaks one side
COT: The precious data ignored
  • #559,073
  • Nov 16, 2020 6:29am Nov 16, 2020 6:29am
Quoting Barnell
GU and DXY can rise together...FYI.
no my friend
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yes yes yes
  • #559,074
  • Nov 16, 2020 6:33am Nov 16, 2020 6:33am
... 1hr is below...
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Trader with an Edge.
  • #559,075
  • Nov 16, 2020 6:33am Nov 16, 2020 6:33am
Quoting fxmasterdxb
{quote} Time and price will tell after the day candle close

Really!! that is how you trade!!! waiting for day candle close can set you in massive drawdown, do you use stops?
Follow The Markets Structure - Patience and Discipline
  • #559,076
  • Nov 16, 2020 6:34am Nov 16, 2020 6:34am
Which has a better chance of reaching 1st.

1.33 or 1.31
  • #559,077
  • Nov 16, 2020 6:39am Nov 16, 2020 6:39am
Quoting pipfarm
{quote} Really!! that is how you trade!!! waiting for day candle close can set you in massive drawdown, do you use stops?
Haha after watching your gold sells turning around to red you decide to use aggressive language
anyway, my discussion with you is over for now and we can take it forward once gold passes 1900
  • #559,078
  • Nov 16, 2020 6:45am Nov 16, 2020 6:45am
Quoting fxmasterdxb
{quote} Haha after watching your gold sells turning around to red you decide to use aggressive language anyway, my discussion with you is over for now and we can take it forward once gold passes 1900
No idea what you are talking about , Gold sells?, if i recall our conversation was you selling gold because you thought the pattern was a triangle until i pointed out that it is not and is likely to go higher possibly to 1915 and once the correction was over i may consider a sell.

Apologies if you felt my use of language is aggressive, have a good day
Follow The Markets Structure - Patience and Discipline
  • #559,079
  • Nov 16, 2020 7:06am Nov 16, 2020 7:06am
Quoting Ehsank78
{quote} I will be happy if GU drops hard
That would make zizoo very sad
when you can accurately predict the future, you leave nothing to chance.
  • #559,080
  • Nov 16, 2020 7:07am Nov 16, 2020 7:07am
Quoting pipfarm
{quote} No idea what you are talking about , Gold sells?, if i recall our conversation was you selling gold because you thought the pattern was a triangle until i pointed out that it is not and is likely to go higher possibly to 1915 and once the correction was over i may consider a sell. Apologies if you felt my use of language is aggressive, have a good day
Apology accepted
my friend, you have been pointing out that gold is clearly bearish and will continue down, I argued that I see the opposite and that im buying, you responded that it does not make sense and PA has already shown the direction, thats it.
In regards to the other day, as I mentioned previously I use my own setup only and do not depend on others analysis, I did sell gold that day but then closed it at loss once price breached the triangle and took long after testing 3 times, so basically I followed my plan
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