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Cable Update (GBPUSD)

  • #559,601
  • Nov 18, 2020 10:00am Nov 18, 2020 10:00am
Quoting gatenio
{quote} 3295-3315 should be a drop zone to 3220-3230 even more. so early? maybe.. not big mistake imo

just another high to short.
  • #559,602
  • Edited 10:12am Nov 18, 2020 10:01am | Edited 10:12am
I read somewhere there in no reason why GU can reach 1.4 or even 1.5. I know this will take time maybe early 2021.
  • #559,603
  • Nov 18, 2020 10:02am Nov 18, 2020 10:02am
Patience...
Almost TP: 240+ pips (2 positions)
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Le$$ I$ More
  • #559,604
  • Nov 18, 2020 10:03am Nov 18, 2020 10:03am
Quoting gatenio
{quote} just another high to short.
You are a good trader pal, just be careful as bulls are too strong today
Cable merely dropped 30 pips with weak bears, why would it drop now?
  • #559,605
  • Nov 18, 2020 10:04am Nov 18, 2020 10:04am
Quoting Ehsank78
I read somewhere there in no reason why GU can't reach 1.4 or even 1.5. I know this will take time maybe early 2021.
February to April 2021 will touch 1.43 area... Be happy bulls not now being November 2020
Data + Stat + Risk/Emotions Management
  • #559,606
  • Nov 18, 2020 10:07am Nov 18, 2020 10:07am
Quoting Georginson
{quote} February to April 2021 will touch 1.43 area... Be happy bulls not now being November 2020
Yes, this will happen if pound is sustained traded well above 1.3305 and clear strong Resistance at 1.35 level
  • #559,607
  • Nov 18, 2020 10:07am Nov 18, 2020 10:07am
i dont wanna buy at this level.. so i sell.. haha..

if theres anyone buy at ressistan level its more likely as panic buyer
is true R can become S but it happen when PA break and maintain to stay above..
right now R level still not break yet so i sell..
Trade what you see, not what you think.. react and stay sharp..
  • #559,608
  • Nov 18, 2020 10:10am Nov 18, 2020 10:10am
Quoting fxmasterdxb
{quote} You are a good trader pal, just be careful as bulls are too strong today Cable merely dropped 30 pips with weak bears, why would it drop now?
1. thanks
2. careful is understatement
3. i feel very comfy to short here, the bulls are limited.
4. we still in massive R
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  • #559,609
  • Nov 18, 2020 10:12am Nov 18, 2020 10:12am
Quoting gatenio
{quote} 1. thanks 2. careful is understatement 3. i feel very comfy to short here, the bulls are limited. 4. we still in massive R {image}
Wish you all the best! Im buying for 1.3365, maybe today or tomorrow or not anytime soon
  • #559,610
  • Nov 18, 2020 10:13am Nov 18, 2020 10:13am
Quoting fxmasterdxb
{quote} Wish you all the best! Im buying for 1.3365, maybe today or tomorrow or not anytime soon
i will meet you downstairs.
  • #559,611
  • Nov 18, 2020 10:14am Nov 18, 2020 10:14am
After the SW test
BOOM!!
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Le$$ I$ More
  • #559,612
  • Nov 18, 2020 10:19am Nov 18, 2020 10:19am
OK, maybe bulls are done for the day.

Am out, good day.

Will wait for the next wave up.
I will tear the world apart for you.
  • #559,613
  • Edited 11:20am Nov 18, 2020 10:20am | Edited 11:20am
Quoting Coreg2004
{quote} pipfarm, allow me to illustrate your post with diagrams/schemes... {image} {image}

Hard to tell from those charts as i do not have that tf or dxy data that far back , hourly chart would be better but at a glance they do not look right
Follow The Markets Structure - Patience and Discipline
  • #559,614
  • Nov 18, 2020 10:20am Nov 18, 2020 10:20am
Can we see 1.3 anytime in the near future?
  • #559,615
  • Nov 18, 2020 10:20am Nov 18, 2020 10:20am
Buying above 3295/3305 is clearly a risk....
COT: The precious data ignored
  • #559,616
  • Nov 18, 2020 10:21am Nov 18, 2020 10:21am
Quoting Ehsank78
Can we see 1.3 anytime in the near future?
Yes.

You just have to put a piece of paper to block out the digits behind..
I will tear the world apart for you.
  • #559,617
  • Nov 18, 2020 10:22am Nov 18, 2020 10:22am
Quoting Ehsank78
Can we see 1.3 anytime in the near future?
are you buying @ 1.33 ?

doesn't mean to scare you but buying @1.33 is risk..
Trade what you see, not what you think.. react and stay sharp..
  • #559,618
  • Nov 18, 2020 10:27am Nov 18, 2020 10:27am
Quoting Barnell
OK, maybe bulls are done for the day. Am out, good day. Will wait for the next wave up.
Why leaving the party so early
  • #559,619
  • Nov 18, 2020 10:30am Nov 18, 2020 10:30am
Quoting fxmasterdxb
{quote} Why leaving the party so early
Am still in longs, I meant I am retiring for the day, lol.
I will tear the world apart for you.
  • #559,620
  • Nov 18, 2020 10:32am Nov 18, 2020 10:32am
Quoting miedpreneur
{quote} are you buying @ 1.33 ? doesn't mean to scare you but buying @1.33 is risk..
I am staying out for the moment.

Buying @ 1.33 is a risk
Selling @ 1.33 is also a risk
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