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Cable Update (GBPUSD)

  • #559,761
  • Nov 19, 2020 4:04am Nov 19, 2020 4:04am
Quoting gatenio
{quote} i dont trade gold now, very risky. last week i bought some at the big short, didnt like it
These days its very safe to trade Gold when there is some vaccine news. It drops 5-10 points and comes back up
  • #559,762
  • Nov 19, 2020 4:10am Nov 19, 2020 4:10am
Quoting Ehsank78
{quote} These days its very safe to trade Gold when there is some vaccine news. It drops 5-10 points and comes back up
go for it, look what happened 9 days ago
  • #559,763
  • Nov 19, 2020 4:17am Nov 19, 2020 4:17am
Quoting gatenio
{quote} i dont trade gold now, very risky. last week i bought some at the big short, didnt like it i took gu long for 20p now 3210
put sl of 3-4 pips for potential profit of 7-10 pips
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yes yes yes
  • #559,764
  • Nov 19, 2020 4:28am Nov 19, 2020 4:28am
Woke up with most of my shorts from yesterday in green!! Good shorting earlier and now my weekly target is reached and 30% above it. Will call it a week and resume trading next week. Good luck all!
Attached Image
Set GOAL, REACH and REPEAT.
  • #559,765
  • Nov 19, 2020 4:36am Nov 19, 2020 4:36am
Quoting gatenio
{quote} i dont trade gold now, very risky. last week i bought some at the big short, didnt like it i took gu long for 20p now 3210
changing my tp to 50p, SL on BE
if it drop again below 3210 i will pick it up again lower.
  • #559,766
  • Nov 19, 2020 4:45am Nov 19, 2020 4:45am
G/M, downside breech of 1hr and 4hr asc t/lines in move down....23.6% of 2854-3312 and wkly pivot at the current dly lo - this @ 57% of 20 day adr, with a confirmed fractal double top on both 1hr and 4hr now at that zone to 3314 swing hi...y/day's hi = 3312. 1hr below.
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Trader with an Edge.
  • #559,767
  • Nov 19, 2020 4:51am Nov 19, 2020 4:51am
GU is suddenly bought. Let me guess: Brexit tweet?
  • #559,768
  • Nov 19, 2020 4:52am Nov 19, 2020 4:52am
Quoting Ksth
Pending order. Sell limit @1.324. Tp 100pips sl50. :-):-):-)
Sell limit activated.. Wait for tp.. Haha
  • #559,769
  • Nov 19, 2020 4:52am Nov 19, 2020 4:52am
Quoting gatenio
{quote} changing my tp to 50p, SL on BE if it drop again below 3210 i will pick it up again lower.
im out +30

still think of 3260\3270 for short, but wont risk my money when the trends are mix.
  • #559,770
  • Nov 19, 2020 4:54am Nov 19, 2020 4:54am
Quoting hans91
{quote} still keep it your longs buddy? this drop is too scary to hold longs..
The drop was anticipated so it’s not so scary.. I am holding because I have bigger targets in mind.. Actually, I keep buying dips.

Please be aware that I am using very small lots since I am not scalping.. My margin never below 5 figures in %..

End of the day, I could be all wrong but I know where to jump off the ship..

I don’t want to assume based on your comment, what are your plans? Long or short?

SS
  • #559,771
  • Nov 19, 2020 4:55am Nov 19, 2020 4:55am
Quoting Maximumheigh
{quote} Observing here for you. Hope it pull back for more shorts!!!
Here is the pullback. Watching this areas for shorts 1.324x-1.327x.
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  • #559,772
  • Nov 19, 2020 4:59am Nov 19, 2020 4:59am
Attached Image (click to enlarge)
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yes yes yes
  • #559,773
  • Nov 19, 2020 4:59am Nov 19, 2020 4:59am
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Sharing is caring!
  • #559,774
  • Nov 19, 2020 5:00am Nov 19, 2020 5:00am
Retest or continuation of the upwards swing, im seeing three swings down already

Waiting for more upside confirmation , then time to buy could be another hour

Gold trade i entered the other day went from 86 down to 53 so far , unfortunately i never held it
Follow The Markets Structure - Patience and Discipline
  • #559,775
  • Nov 19, 2020 5:06am Nov 19, 2020 5:06am
Quoting Maximumheigh
{quote} Here is the pullback. Watching this areas for shorts 1.324x-1.327x. {image}
A break of 1.3240 will expose 1.3275. Offloaded some of my long. offloading the rest around 1.327x if 1.3240 is taking out. I will start selling from 1.327x!!!
  • #559,776
  • Nov 19, 2020 5:06am Nov 19, 2020 5:06am
want to share this.
very good to read it everyday when you first open your metatrader or other platforms you trading with

o NEVER attempt to predict where the market will go
o NEVER attempt to pick "tops" and "bottoms" of price action
o ALWAYS respect the trend and align their trades accordingly
o Let the market tell them when the trend is finished, not their "intuition"
o Realize that they will necessarily sacrifice some pips at the beginning and end of a trend as they wait for confirmation that the trend beginning and end are authentic
o Look at price action from a long-term perspective and don't get shaken by volatility
o Understand that they will go through some potentially significant but temporary periods of drawdown as the trend matures
o Understand that trend trading can lead to large gains but also equally large losses
o Understand that trends can take place on multiple time frames
  • #559,777
  • Nov 19, 2020 5:06am Nov 19, 2020 5:06am
Quoting JayBag
{quote} The drop was anticipated so it’s not so scary.. I am holding because I have bigger targets in mind.. Actually, I keep buying dips. Please be aware that I am using very small lots since I am not scalping.. My margin never below 5 figures in %.. End of the day, I could be all wrong but I know where to jump off the ship.. I don’t want to assume based on your comment, what are your plans? Long or short? SS
Yes long term is good for longs especially monthly TF forms falling wedge which should take higher to 1.4 - 1.5.however, daily chart carved double top, I think it will drop first to 1.3110.. for a while I prefer sell the high..
  • #559,778
  • Nov 19, 2020 5:07am Nov 19, 2020 5:07am
Quoting VM.
GU is suddenly bought. Let me guess: Brexit tweet?
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WT
  • #559,779
  • Nov 19, 2020 5:09am Nov 19, 2020 5:09am
Ema 100 at m30 hold it..time to more sell
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  • #559,780
  • Nov 19, 2020 5:09am Nov 19, 2020 5:09am
Attached Image (click to enlarge)
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yes yes yes
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