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Cable Update (GBPUSD)

  • #559,481
  • Nov 18, 2020 6:23am Nov 18, 2020 6:23am
Quoting OnlineAddict
Looking at the USD chart, I just stopped by to give GU bulls my condolences. Enjoy the last bull spikes. See you in december...
?????????

You're sorry we made money?

Some of my longs were TP-ed, the rest protected with SL @ BE or SL @ BE + X pips.

You're a good trader, but not sure why you keep making such bitter posts..

Cmon man. You got it wrong this time, take the L and we can still be friends.
I will tear the world apart for you.
  • #559,482
  • Nov 18, 2020 6:26am Nov 18, 2020 6:26am
1.326 hold well. Might have another strong bull.. :-):-):-)
  • #559,483
  • Nov 18, 2020 6:27am Nov 18, 2020 6:27am
Quoting Barnell
{quote} ????????? You're sorry we made money? Some of my longs were TP-ed, the rest protected with SL @ BE or SL @ BE + X pips. You're a good trader, but not sure why you keep making such bitter posts.. Cmon man. You got it wrong this time, take the L and we can still be friends.
Dude, I didn't get anything wrong...I am not scalping for 5 pips, I am waiting for a 500-1000 pips move, I don't care for longs...and not looking for new friends either.
Everyone can see the chart, but only a few can actually read it.
  • #559,484
  • Nov 18, 2020 6:39am Nov 18, 2020 6:39am
Quoting Maximumheigh
{quote} Road cleared. Let see how far we go down. 1.3220
My sentiment for GU is still down. 1.3220
  • #559,485
  • Nov 18, 2020 6:43am Nov 18, 2020 6:43am
Pfizer and BioNTech say final analysis shows coronavirus vaccine is 95% effective with no safety concerns

https://edition.cnn.com/2020/11/18/h...ety/index.html

This is the news that brought Gold down
  • #559,486
  • Nov 18, 2020 6:43am Nov 18, 2020 6:43am
Quoting OnlineAddict
{quote} Dude, I didn't get anything wrong...I am not scalping for 5 pips, I am waiting for a 500-1000 pips move, I don't care for longs...and not looking for new friends either.

What if this drop everyone’s talking about doesn’t happen?

The big boys could be trapping so so many people building shorts for this drop
  • #559,487
  • Nov 18, 2020 6:43am Nov 18, 2020 6:43am
Quoting Barnell
{quote} ????????? You're sorry we made money? Some of my longs were TP-ed, the rest protected with SL @ BE or SL @ BE + X pips. You're a good trader, but not sure why you keep making such bitter posts.. Cmon man. You got it wrong this time, take the L and we can still be friends.
I do agree with Onlineaddict.

Take a look at cot.

Dealers werent selling any usd (red circle). Bulls were gone. Now dealers are back selling. Not enough for a massive move up. But be careful with shorting dxy for long term.

Dxy flip (only speculators). Short is decreasing. Plus if u open weekly dxy chart. set rsi on 14. u will notice massive bullish divergence.

I cant say if is going to be risk off this winter, but take a look at s&p, dow. they are in another massive bearish divergence (rsi) on daily chart.
I dont work for any firm. But i know that hedge fund cant trade stock on daily basis. They have to maintain the position for 1month minimum. Probably they are starting to get rid of stocks.
Look at the drop in march. They divergence started in january. The sell off was right when covid was spreading in china and lockdown was announced. They knew was probably going to be the same here. But they need time to move.
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Twitter: Rummer_grapes
  • #559,488
  • Nov 18, 2020 6:54am Nov 18, 2020 6:54am
hmm..

and looking last drop and rejection h1.. bulls not coming and didn't make strong up move again.. then i believe down move not done yet.. it can make push to the south soon..
i dont wanna buy at this price.. so i decide to build short again..
Trade what you see, not what you think.. react and stay sharp..
  • #559,489
  • Nov 18, 2020 6:55am Nov 18, 2020 6:55am
Quoting Bacco
{quote} I do agree with Onlineaddict. Take a look at cot. Dealers werent selling any usd (red circle). Bulls were gone. Now dealers are back selling. Not enough for a massive move up. But be careful with shorting dxy for long term. Dxy flip (only speculators). Short is decreasing. Plus if u open weekly dxy chart. set rsi on 14. u will notice massive bullish divergence. I cant say if is going to be risk off this winter, but take a look at s&p, dow. they are in another massive bearish divergence (rsi) on daily chart. I dont work for any firm. But...
Well said but pound doesn't necessarily move with the DXY. I am also bearish on pound to minimum of 1,2960/1.3000 for short term while my long term bias is bullish to 1.40 area after touching these stated projected lows.
Data + Stat + Risk/Emotions Management
  • #559,490
  • Nov 18, 2020 6:55am Nov 18, 2020 6:55am
Quoting ZTrader123
{quote} What if this drop everyone’s talking about doesn’t happen? The big boys could be trapping so so many people building shorts for this drop
It is very possible not to see the drop. Nothing is certain in the market. But technically we are ripe for a drop.
  • #559,491
  • Nov 18, 2020 7:00am Nov 18, 2020 7:00am
Quoting Georginson
{quote} Well said but pound doesn't necessarily move with the DXY. I am also bearish on pound to minimum of 1,2960/1.3000 for short term while my long term bias is bullish to 1.40 area after touching these stated projected lows.
I do agree with 1.40, with a weaker dollar and risk on environment odds are in favour. But if we get risk off and stronger usd anytime soon i dont see this happening before next spring.
Twitter: Rummer_grapes
  • #559,492
  • Nov 18, 2020 7:04am Nov 18, 2020 7:04am
Quoting ZTrader123
{quote} What if this drop everyone’s talking about doesn’t happen? The big boys could be trapping so so many people building shorts for this drop
Well, I have a good memory...not long ago GU was at 2100...nobody was talking about longs...then it was below 2700 just recently, nobody was talking about longs either. So I don't care what the people are talking about or trading...it always looks the weakest before a big spike up and the strongest before a big drop, I thought this was common knowledge, we are talking about this like 20 times a year, every year...yet people still keep buying a strong pound and selling a weak one. And I am tired of repeating myself, so I will just come back before christmas. And I bet that if GU is down by then...everybody will be selling into some bottom again...people are hopeless.
Everyone can see the chart, but only a few can actually read it.
  • #559,493
  • Nov 18, 2020 7:08am Nov 18, 2020 7:08am
Quoting Bacco
{quote} I do agree with Onlineaddict. Take a look at cot. Dealers werent selling any usd (red circle). Bulls were gone. Now dealers are back selling. Not enough for a massive move up. But be careful with shorting dxy for long term. Dxy flip (only speculators). Short is decreasing. Plus if u open weekly dxy chart. set rsi on 14. u will notice massive bullish divergence. I cant say if is going to be risk off this winter, but take a look at s&p, dow. they are in another massive bearish divergence (rsi) on daily chart. I dont work for any firm. But...
Not looking to pick a fight and as I said Onlineaddict is a good trader.

Let me say it again-Onlineaddict is a good trader.

But considering bulls have been winning for like the last 2 days of last week and the entire week thus far, I find it a little ludicrous for a bear to come in and offer condoelences.

I told everyone to go long since Friday and over the weekend. Over a 100 pips would had been made easily. If you're smart bull, you can TP and enjoy or protect your profits with a SL @ BE. Tell me, what condolences can one offer to the bulls?

I repeat again-Onlineaddict is a good trader.

I just find his offering of condolences silly.

PEACE.
I will tear the world apart for you.
  • #559,494
  • Nov 18, 2020 7:10am Nov 18, 2020 7:10am
Still Long?
https://investizo.com/investment/view?server=1&login=2141779119
  • #559,495
  • Nov 18, 2020 7:11am Nov 18, 2020 7:11am
Imma try this one out
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  • #559,496
  • Nov 18, 2020 7:12am Nov 18, 2020 7:12am
Quoting Barnell
{quote} Not looking to pick a fight and as I said Onlineaddict is a good trader. Let me say it again-Onlineaddict is a good trader. But considering bulls have been winning for like the last 2 days of last week and the entire week thus far, I find it a little ludicrous for a bear to come in and offer condoelences. I told everyone to go long since Friday and over the weekend. Over a 100 pips would had been made easily. If you're smart bull, you can TP and enjoy or protect your profits with a SL @ BE. Tell me, what condolences can one offer to the...
Mate, nobody is looking for a fight. neither im saying that u cant make profit with longs. my view was for a long term. If someone is looking for 6/700 pips this might be the right spot to get it shorting it.
Twitter: Rummer_grapes
  • #559,497
  • Nov 18, 2020 7:13am Nov 18, 2020 7:13am
Quoting dondealova
Still Long?
For what it is worth, I am still holding my longs, but I am not buying from this level.

Cheers.
I will tear the world apart for you.
  • #559,498
  • Nov 18, 2020 7:14am Nov 18, 2020 7:14am
Talking about 800+ pips GU
Attached Image
  • #559,499
  • Nov 18, 2020 7:14am Nov 18, 2020 7:14am
Quoting Bacco
{quote} Mate, nobody is looking for a fight. neither im saying that u cant make profit with longs. my view was for a long term. If someone is looking for 6/700 pips this might be the right spot to get it shorting it.
I agree with you, hence I repeated thrice that OA is a good trader..
I will tear the world apart for you.
  • #559,500
  • Nov 18, 2020 7:16am Nov 18, 2020 7:16am
Any fan of W here?
Well, thought I share yet again.

It's not further math..just alphabet

What do traders think? mostly long term guys..

SS
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