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Cable Update (GBPUSD)

  • #559,401
  • Nov 18, 2020 1:57am Nov 18, 2020 1:57am
Okay so i have tp”ed” on 1.3277, im on the sideline waiting to see the reaction on 1.33-1.3310 as im expecting a correction, maybe will be selling in/out
if price continues up, will wait for a retracement for enter long again
  • #559,402
  • Nov 18, 2020 2:04am Nov 18, 2020 2:04am
Quoting fxmasterdxb
Okay so i have tp”ed” on 1.3277, im on the sideline waiting to see the reaction on 1.33-1.3310 as im expecting a correction, maybe will be selling in/out if price continues up, will wait for a retracement for enter long again
i think london is
  • #559,403
  • Nov 18, 2020 2:06am Nov 18, 2020 2:06am
new SW formed 1hr
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Nov 18 08-01-00.png Size: 40 KB
Le$$ I$ More
  • #559,404
  • Nov 18, 2020 2:11am Nov 18, 2020 2:11am
Too much vol up there, its growing big
COT: The precious data ignored
  • #559,405
  • Nov 18, 2020 2:13am Nov 18, 2020 2:13am
Quoting kuroro001
Too much vol up there, its growing big
up where?
Le$$ I$ More
  • #559,406
  • Nov 18, 2020 2:13am Nov 18, 2020 2:13am
Resistance about to breach
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #559,407
  • Nov 18, 2020 2:14am Nov 18, 2020 2:14am
Quoting miedpreneur
{quote} yes i aware that price too.. thats why i put my second pending order there.. but in terms to build i must take a risk for early position in case theres any rejection on this price.. you can see why i sell now in my chart.. but first always small lot and bigger on 2nd position.. {image}
You are playing like martingale system. Be Careful will get burn. I don't like martingale way too much risk to take.
Fyi. Another point w2 R2 area around 1.341 worth to aim tp.
  • #559,408
  • Nov 18, 2020 2:16am Nov 18, 2020 2:16am
Very early stage of this up move, which is a daily trend continuation, just about into the third wave of the first which is visible on the 4h , 55 pips in profit so far, still targeting above 3500
Follow The Markets Structure - Patience and Discipline
  • #559,409
  • Nov 18, 2020 2:17am Nov 18, 2020 2:17am
Quoting Roszey
{quote} up where?
3280/85

My rule number #1 is to never buy high vol on top of a move
COT: The precious data ignored
  • #559,410
  • Nov 18, 2020 2:24am Nov 18, 2020 2:24am
In a trend we can expect price to make a new high above the previous high , in this case above the 3111 high, usually the first wave will reach the new high and break it then a slight correction before the big 3 up etc, so it would be reasonable to expect price to reach above 3500

There was an opportunity yesterday to join the trade with the retest of the 3240 old resistance, there will be other opps
Follow The Markets Structure - Patience and Discipline
  • #559,411
  • Nov 18, 2020 2:24am Nov 18, 2020 2:24am
Quoting kuroro001
{quote} 3280/85 My rule number #1 is to never buy high vol on top of a move
ok Senior. I understand.
Check out 3367
Le$$ I$ More
  • #559,412
  • Nov 18, 2020 2:25am Nov 18, 2020 2:25am
Alright boys, 1.33 we are coming!!!!!!!!!!!!
I will tear the world apart for you.
  • #559,413
  • Nov 18, 2020 2:28am Nov 18, 2020 2:28am
Quoting Ksth
{quote} You are playing like martingale system. Be Careful will get burn. I don't like martingale way too much risk to take. Fyi. Another point w2 R2 area around 1.341 worth to aim tp.
not everyday i used martingale.. but every "method" either your style is ride the wave, zoning, swing, hedging, or etc.. always have a risk.. thats why we have money management..

but thx for your concern.. i really apreciated that.. need to be improve trough second or other opinion..
Trade what you see, not what you think.. react and stay sharp..
  • #559,414
  • Nov 18, 2020 2:30am Nov 18, 2020 2:30am
If prices close above the PINK shaded zone by the day end, then buy will continue
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Nov 18 08-28-38.png Size: 65 KB
IMO
Remember i don't give signals I only give SUGGESTIONS!!
Le$$ I$ More
  • #559,415
  • Edited 2:53am Nov 18, 2020 2:33am | Edited 2:53am
Quoting Ksth
{quote} You are playing like martingale system. Be Careful will get burn. I don't like martingale way too much risk to take. Fyi. Another point w2 R2 area around 1.341 worth to aim tp.
Another final tp area 1.351. Still have to monitor. Let see how the market goes.. It still possible to reach there.
Still got more rooms to go . Comparing other pairs .
  • #559,416
  • Nov 18, 2020 2:33am Nov 18, 2020 2:33am
Quoting gatenio
{quote} i think london is
im waiting for pinbar on h1\h4 to short it for the rest of the week.
patience is the name of the game.
  • #559,417
  • Nov 18, 2020 2:40am Nov 18, 2020 2:40am
Quoting kuroro001
{quote} 3280/85 My rule number #1 is to never buy high vol on top of a move
have you entered already?
  • #559,418
  • Nov 18, 2020 2:41am Nov 18, 2020 2:41am
Just Short the cable
Attached Image (click to enlarge)
Click to Enlarge Name: f2176adf99322db1424aa2028d10317d.png Size: 50 KB
  • #559,419
  • Nov 18, 2020 2:49am Nov 18, 2020 2:49am
Quoting fxwinnerz
Just Short the cable {image}
not sure if that's a valid trendline
be patient
  • #559,420
  • Nov 18, 2020 2:50am Nov 18, 2020 2:50am
Quoting navk
my take today. 3213 first.
by the end of today, IMO.

Stop 3310/15
Intraday only.
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