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Cable Update (GBPUSD)

  • #559,661
  • Nov 18, 2020 4:27pm Nov 18, 2020 4:27pm
Quoting shahab8b
{quote} Well, I don't see any sing of reversal yet. It looks like a correction atm. But that can change if we get a close below 1.3240 and break those TLs. That will open up 1.31 again. I am flexible with my tp. for now I'm thinking 1.311 (I've changed it from 1.32). I think it's wise to do partial tp with 40-50 pips and let the rest run with sl at b/e and then adjust accordingly. {image}
Thank you! Makes perfect sense to me.
  • #559,662
  • Nov 18, 2020 4:47pm Nov 18, 2020 4:47pm
Quoting Mcbeaners
{quote} from who perspective? uk boyz or from a retail perspective?
Cable used to trade with an ATR of 150+ and these days it barely makes it to 100. The bigger the ATR the more chances to make a profit since losing a trade will not ruin our day but with a low ATR it's much more harder to recover; at least the same day. I think that things will go back to normal in the new year after Brexit is out of the way.
  • #559,663
  • Nov 18, 2020 6:19pm Nov 18, 2020 6:19pm
Is it good time to enter long now? Price is below 1.324
  • #559,664
  • Nov 18, 2020 6:26pm Nov 18, 2020 6:26pm
Quoting Ehsank78
Is it good time to enter long now? Price is below 1.324
Support+ascending trendline broken...why enter long?
Better think to short at ex-support test
  • #559,665
  • Nov 18, 2020 6:35pm Nov 18, 2020 6:35pm
Quoting Ehsank78
Is it good time to enter long now? Price is below 1.324
hmm.. i believe its bear time..
wait for corection and sell from the R... dont try to catch missing trade
Trade what you see, not what you think.. react and stay sharp..
  • #559,666
  • Nov 18, 2020 6:51pm Nov 18, 2020 6:51pm
Quoting kk300
Sold @ 3303
Running nice and easy..
  • #559,667
  • Nov 18, 2020 6:54pm Nov 18, 2020 6:54pm
i see double top and bearish engulfing at 4H and 1D TF.. so i stay short GU
waiting for retrace then enter short again.. last night bull team said im wrong cause i sell @ 1.33.. now hmm..
im not fan of bear and not fan of bull..
i just get in, either buy or sell when i see high chance for profit..
Trade what you see, not what you think.. react and stay sharp..
  • #559,668
  • Edited 7:11pm Nov 18, 2020 6:55pm | Edited 7:11pm
Quoting Georginson
{quote} A new poll.... 1.35 first or 1.3000? Shall we?
Alright Georginson,

You have a 'Convert'...
I can "see" your 1.3100 and I'll take it. My Signals for Entry "South" took hold, this afternoon.
-No Attack at the 'Windmill' in my book, Until more South. The Double-Top was the Start of things,
then the Broken Rules for Entry South, just kept happening. You win, Bears have it for the Mean Time.

So I see 1.3100, i'll have to dig for some more of what you're seeing @1.30_00
Best of PLANNING (NoT Luck) & Good Pipping,

Jeff
P.S. For those of us 'Long' Sorry to 'Abandon Ship', i got stopped out in Profit, and Rules for Entry "Short",
Began to Fall, like Dominoes. -Must Admit the State of the Market, when it's telling you 'Such'.
I will work to Objectively Identify my Edges
  • #559,669
  • Nov 18, 2020 7:12pm Nov 18, 2020 7:12pm
Nice touch there on extension and here we are. Heading to 61.8 which is 3156. 3267 should be the resistance to watch for re entry.
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  • #559,670
  • Nov 18, 2020 7:15pm Nov 18, 2020 7:15pm
ok now sign of retrace just show up.. im prepare to enter short again if happen.. if not ill wait for continues sign confirm to follow south move..
Trade what you see, not what you think.. react and stay sharp..
  • #559,671
  • Nov 18, 2020 7:21pm Nov 18, 2020 7:21pm
Got stopped out of my longs at 1.3250 for +70pips, managed 50 pips on GJ shorts (not sure who caught my post last night).

Sidelines for now.

Cheers.
I will tear the world apart for you.
  • #559,672
  • Nov 18, 2020 7:28pm Nov 18, 2020 7:28pm
Dang Barnell- But Hey Stopped out + 70 Pips, Good Work!

I see Gravestone Doji on the 15, which gave us,
'Continued Pattern South, for a bit here.
Now we have 'dragon fly doji on the 15min following it.

But what i want to see is the 1hr & how far we pass thru (or not this cloud).
We pass 1.3215, and close below We Slaughter More, and continue onward.
Attached Image (click to enlarge)
Click to Enlarge Name: 11_18_2020 GU SOUTH_w Gravestone Doji on the 15 min_Followed by Dragonfly Doji.png Size: 51 KB

Best of Pipping,
We'll see,

Jeff out
I will work to Objectively Identify my Edges
  • #559,673
  • Nov 18, 2020 7:42pm Nov 18, 2020 7:42pm
Quoting Georginson
Last and final sell for November @ 1.3308.
Georginson...
Sorry to keep the conversation going here,
But my Q: is, the way it looK's we're going to be wearing some "stinky" shorts for a few days,
-Maybe a week or so, eh?

I mean,
I remember that on the 'Auslanco' thread, years ago, people "SHORT" Pound/Jappy,
and keeping their shorts for days, which became weeks, then inevitably mo's.

Anyway,
How you do it, one must ask...
But i guess somebody's gotta do it.
Good Call today. My rules got me in it. 'Glad your's already showed you what was happening.
I will work to Objectively Identify my Edges
  • #559,674
  • Nov 18, 2020 7:43pm Nov 18, 2020 7:43pm
Quoting TerpFan2
Dang Barnell- But Hey Stopped out + 70 Pips, Good Work! I see Gravestone Doji on the 15, which gave us, 'Continued Pattern South, for a bit here. Now we have 'dragon fly doji on the 15min following it. But what i want to see is the 1hr & how far we pass thru (or not this cloud). We pass 1.3215, and close below We Slaughter More, and continue onward. {image} Best of Pipping, We'll see, Jeff out
Just woke up, will post more later. Sidelines for now. Actually, gold has caught my attention more for now rather than Cable. Let's see.
I will tear the world apart for you.
  • #559,675
  • Nov 18, 2020 7:56pm Nov 18, 2020 7:56pm
dx phone home
it will get above 92.500 today
Attached Image(s) (click to enlarge)
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yes yes yes
  • #559,676
  • Nov 18, 2020 8:05pm Nov 18, 2020 8:05pm
Quoting TerpFan2
{quote} Georginson... Sorry to keep the conversation going here, But my Q: is, the way it looK's we're going to be wearing some "stinky" shorts for a few days, -Maybe a week or so, eh? I mean, I remember that on the 'Auslanco' thread, years ago, people "SHORT" Pound/Jappy, and keeping their shorts for days, which became weeks, then inevitably mo's. Anyway, How you do it, one must ask... But i guess somebody's gotta do it. Good Call today. My rules...
Still early to call it a win for bears but im pretty confident price will not exceed 1.33 area before a sell off to 1.2960/1.3010 area. Any rise will be met with renew selling for me. Every trend has a beginning and end, i try to catch the beginning of a new trend when the old trend waxes stronger as if it will not end. Patience and observation will always make the right decision. I still wait to see it unfold gradually.
Data + Stat + Risk/Emotions Management
  • #559,677
  • Nov 18, 2020 8:06pm Nov 18, 2020 8:06pm
Last short term lifeline for bulls. Lets see how it holds.
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  • #559,678
  • Nov 18, 2020 8:09pm Nov 18, 2020 8:09pm
Quoting Barnell
{quote} Just woke up, will post more later. Sidelines for now. Actually, gold has caught my attention more for now rather than Cable. Let's see.
Are you expecting Gold to cross 1900 soon?
  • #559,679
  • Nov 18, 2020 8:13pm Nov 18, 2020 8:13pm
Quoting Maximumheigh
{quote} Strong 4hr hammer about to form at a strong resistance area. Another bearish sign. The bears will come. let see what tomorrow brings.
Going nicely. We got to 1.322x .We are still in strong downward movement. Little pullback, London open should take us to 1.317x.
  • #559,680
  • Nov 18, 2020 8:19pm Nov 18, 2020 8:19pm
Anyone got some fundamental arguments why GBP is so strong? I can only think of US investors investing in the UK (because of high prices at home).
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