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Cable Update (GBPUSD)

  • #559,521
  • Nov 18, 2020 7:49am Nov 18, 2020 7:49am
Quoting Ksth
Woot.. Gold looking good.. Hahaha free
Good chance we end the day green just to troll sellers lmao.
I will tear the world apart for you.
  • #559,522
  • Nov 18, 2020 7:52am Nov 18, 2020 7:52am
Quoting Barnell
{quote} Good chance we end the day green just to troll sellers lmao.
Ya.. Haha. I see they purposely keep coming bad news for gold to push it down. Looks like good chance to buy n tp maybe 1950 area.. Haha.. Good pips if hit there.. Lol
  • #559,523
  • Nov 18, 2020 7:52am Nov 18, 2020 7:52am
Quoting pipfarm
{quote} Same same then, usually i trade in the direction i think it is going buying the dips going up selling the rallies going down, so i do not see a problem with being long on the higher tfs. Can you point towards where the direction is down for your big short bias
My min target for shorts is 2900, thats for the coming weeks, second would be 2750, after that I will see.
Everyone can see the chart, but only a few can actually read it.
  • #559,524
  • Nov 18, 2020 7:53am Nov 18, 2020 7:53am
Quoting Ksth
{quote} Ya.. Haha. I see they purposely keep coming bad news for gold to push it down. Looks like good chance to buy n tp maybe 1950 area.. Haha.. Good pips if hit there.. Lol
I made this call in the Metals Mine thread, didn't want to detract from Cable discussion.
I will tear the world apart for you.
  • #559,525
  • Nov 18, 2020 7:55am Nov 18, 2020 7:55am
Quoting OnlineAddict
{quote} My min target for shorts is 2900, thats for the coming weeks, second would be 2750, after that I will see.

I do not understand why you would want to short from a technical perspective at the current price, this a genuine question, i would really like to know.
Follow The Markets Structure - Patience and Discipline
  • #559,526
  • Nov 18, 2020 7:58am Nov 18, 2020 7:58am
Quoting pipfarm
{quote} I do not understand why you would want to short from a technical perspective at the current price, this a genuine question, i would really like to know.
GU is completely different than EU, when it comes to technical trading. EU makes much more sense...its clear 90% of the time if it wants to drop or go up. But GU is very misleading, thats why I stopped watching for short term technical confirmations, because there are none...it can change from one second to another...and mostly does. GU often changes from the strongest possible bull/bear to the exact opposite. Thats why I don't care about 100-200 pip drawdowns on GU anymore, its just part of the game with the pound.
Everyone can see the chart, but only a few can actually read it.
  • #559,527
  • Nov 18, 2020 8:00am Nov 18, 2020 8:00am
3269 long for 20
Twitter: Rummer_grapes
  • #559,528
  • Nov 18, 2020 8:04am Nov 18, 2020 8:04am
Quoting OnlineAddict
{quote} GU is completely different than EU, when it comes to technical trading. EU makes much more sense...its clear 90% of the time if it wants to drop or go up. But GU is very misleading, thats why I stopped watching for short term technical confirmations, because there are none...it can change from one second to another...and mostly does. GU often changes from the strongest possible bull/bear to the exact opposite. Thats why I don't care about 100-200 pip drawdowns on GU anymore, its just part of the game with the pound.

Thanks for your answer OA but i have to admit i am none the wiser, what do you use to confirm the direction your trading towards?
Follow The Markets Structure - Patience and Discipline
  • #559,529
  • Nov 18, 2020 8:09am Nov 18, 2020 8:09am
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...
OnlineAddict, what about the $chart?...since when you follow $chart trading GU?...anything possible in my book ...know your TF and your setups that what matters...
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Always trade your own plan...I don't provide trading signals.
  • #559,530
  • Nov 18, 2020 8:09am Nov 18, 2020 8:09am
Quoting Barnell
{quote} I made this call in the Metals Mine thread, didn't want to detract from Cable discussion.
Derrick landed?
  • #559,531
  • Nov 18, 2020 8:11am Nov 18, 2020 8:11am
Quoting gatenio
{quote} Derrick landed?
Taking a rest...which was what Thibs should had given him...oh fck, this is hard to take, I was a huge Rose fan.
I will tear the world apart for you.
  • #559,532
  • Nov 18, 2020 8:13am Nov 18, 2020 8:13am
Quoting Barnell
{quote} Taking a rest...which was what Thibs should had given him...oh fck, this is hard to take, I was a huge Rose fan.
was and still.. one of the best point guard.. but his knees oh..
  • #559,533
  • Nov 18, 2020 8:14am Nov 18, 2020 8:14am
Quoting Coreg2004
{quote} OnlineAddict, what about the $chart?...since when you follow $chart trading GU?...anything possible in my book ...know your TF and your setups that what matters... {image}
USDx will go towards 97.
Everyone can see the chart, but only a few can actually read it.
  • #559,534
  • Nov 18, 2020 8:15am Nov 18, 2020 8:15am
Quoting pipfarm
{quote} Thanks for your answer OA but i have to admit i am none the wiser, what do you use to confirm the direction your trading towards?
If we talked about it at a pub, I would probably talk about it for hours...so I rather won't even start typing...
Everyone can see the chart, but only a few can actually read it.
  • #559,535
  • Nov 18, 2020 8:17am Nov 18, 2020 8:17am
Quoting OnlineAddict
{quote} USDx will go towards 97.

That is a bold statement with nothing to back it up, maybe your in montygold's extreme gut feeling trading club but good luck if that is where you think its going
Follow The Markets Structure - Patience and Discipline
  • #559,536
  • Nov 18, 2020 8:24am Nov 18, 2020 8:24am
Quoting pipfarm
{quote} That is a bold statement with nothing to back it up, maybe your in montygold's extreme gut feeling trading club but good luck if that is where you think its going
I don't know what other people trade, but for me, 97 is a sure thing. Might be wrong, of course. But if everybody agreed with me, I would very much doubt my analysis. So, so far so good, most people think its impossible.
Everyone can see the chart, but only a few can actually read it.
  • #559,537
  • Nov 18, 2020 8:26am Nov 18, 2020 8:26am
Quoting pipfarm
{quote} That is a bold statement with nothing to back it up, maybe your in montygold's extreme gut feeling trading club but good luck if that is where you think its going

Not specific to Online but generally ..I think you have to ignore any definitive statements like 'will' and instead substitute the language/make the working assumption that when someone posts ' will ' what they mean is that they adjudge that to be the higher probability (to whatever extent - may just be 51% to 49%) per their analysis, whether they decide to share that analysis or not. Of course they may be kidding themselves, and by sharing - worst- kidding others, that they actually 100% know, but they like the rest of us - they don't. Maybe they still labour under the false belief that analysis is predictive ?
Trader with an Edge.
  • #559,538
  • Nov 18, 2020 8:29am Nov 18, 2020 8:29am
Quoting gatenio
{quote} was and still.. one of the best point guard.. but his knees oh..
i will have to buy above 3280
  • #559,539
  • Nov 18, 2020 8:35am Nov 18, 2020 8:35am
Will the 15min bullish hidden div result in a with uptrend follow thru to a new 1hr+ up trend hi ? 15min below. 2 x 1hr Pinbar closes and tweezer bottom on that t/f. Initial potential 1hr + res from 3294-3314.
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Trader with an Edge.
  • #559,540
  • Nov 18, 2020 8:37am Nov 18, 2020 8:37am
Quoting gatenio
{quote} Derrick landed?
Maybe Derrick's back.
I will tear the world apart for you.
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