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Cable Update (GBPUSD)

  • #559,921
  • Nov 19, 2020 2:14pm Nov 19, 2020 2:14pm
Looks as if USD is sold on the resumption of stimulus talks. If that's the case, I have to say stimulus news are even worse than Brexit tweets. It was clear for months that there will be no stimulus deal, but markets sold USD (and propped stocks) every time possible deal was mentioned.
  • #559,922
  • Nov 19, 2020 2:21pm Nov 19, 2020 2:21pm
Quoting nessus94
{quote} Thank you scalping Long usd is possible now and i have a small signal to short the pound 1,3250 it is not strong
I think I am done for the day. Cashed in my short from 1.33 with 75 pips in the morning, was kicking myself for half a day for not waiting longer, but now content with the situation. I am also noting that EUR appreciated more than GBP since the bottom, I don't like this divergence.
  • #559,923
  • Nov 19, 2020 2:37pm Nov 19, 2020 2:37pm
Quoting OnlineAddict
{quote} Yes, above 3250 is a good area to wait for, to resume shorts.
Time to start building christmas trades.
Everyone can see the chart, but only a few can actually read it.
  • #559,924
  • Nov 19, 2020 2:41pm Nov 19, 2020 2:41pm
wow.. so soon.. start build short now.. haha finaly
Trade what you see, not what you think.. react and stay sharp..
  • #559,925
  • Nov 19, 2020 2:47pm Nov 19, 2020 2:47pm
Quoting Maximumheigh
{quote} We are on course. Definitely we get there.....looking bullish. Let see reaction of price around 1.327x- 1.33x for a possible downward move. {image}
We arrived 1.327x. My remaining long trade hit TP. Watching this level keenly for my next move. Let see what it holds. I might be building short positions.
  • #559,926
  • Nov 19, 2020 2:52pm Nov 19, 2020 2:52pm
Attached Image

So we got a hammer on the Daily time frame.
From here we are going to 1.34?
WT
  • #559,927
  • Nov 19, 2020 2:55pm Nov 19, 2020 2:55pm
Quoting gatenio
{quote} i want to buy for 50 before the end of the day.
dxy jumped from the cliff
  • #559,928
  • Nov 19, 2020 3:02pm Nov 19, 2020 3:02pm
Quoting Bartosz77
{image} So we got a hammer on the Daily time frame. From here we are going to 1.34?
1.34? Bring it on please! I think daily is looking to form Moty’s hammer type
  • #559,929
  • Nov 19, 2020 3:03pm Nov 19, 2020 3:03pm
Quoting Bartosz77
{image} So we got a hammer on the Daily time frame. From here we are going to 1.34?
maybe not hammer but hanging man.. its mean reversal.. maybe..
Attached Image (click to enlarge)
Click to Enlarge Name: 20200715112450_Hammer-dan-Hanging_Man_(2).jpg Size: 18 KB
Trade what you see, not what you think.. react and stay sharp..
  • #559,930
  • Nov 19, 2020 3:10pm Nov 19, 2020 3:10pm
too many newbies here

its not a hammer or anything until the bar ends on the close of the day
Follow The Markets Structure - Patience and Discipline
  • #559,931
  • Nov 19, 2020 3:15pm Nov 19, 2020 3:15pm
Quoting pipfarm
too many newbies here its not a hammer or anything until the bar ends on the close of the day
yes .. that why i said maybe.. we still got 1 hours to see..
maybe im newbie here in this forum but i have been 10 years on forex.. and even i have long time in forex, i dont dare call myself as master,or pro, etc.. bla..bla
got house even not so big, but i manage and able to feed my family from my daily trading..
dont be so harsh on word..
Trade what you see, not what you think.. react and stay sharp..
  • #559,932
  • Nov 19, 2020 3:20pm Nov 19, 2020 3:20pm
Quoting miedpreneur
{quote} yes .. that why i said maybe.. we still got 1 hours to see.. maybe im newbie here in this forum but i have been 10 years on forex.. and even i have long time in forex, i dont dare call myself as master,or pro, etc.. bla..bla got house even not so big, but i manage and able to feed my family from my daily trading.. dont be so harsh on word..
Friend do your thing. We can decide to be onlookers and viewers like some viewers on this thread currently that are not members. Please let learn to respect one another.
  • #559,933
  • Nov 19, 2020 3:22pm Nov 19, 2020 3:22pm
Quoting Maximumheigh
{quote} Friend do your thing. We can decide to be onlookers and viewers like some viewers on this thread currently that are not members. Please let learn to respect one another.
yes.. my apologize suddenly my emotion up..
my apologize pipfarm..
Trade what you see, not what you think.. react and stay sharp..
  • #559,934
  • Edited 3:51pm Nov 19, 2020 3:39pm | Edited 3:51pm
Quoting miedpreneur
{quote} maybe not hammer but hanging man.. its mean reversal.. maybe.. {image}
A hanging man would be bearish and today we will end D1 on bullish.

We had similar situation on the 22/07/2020:

Attached Image
WT
  • #559,935
  • Nov 19, 2020 4:34pm Nov 19, 2020 4:34pm
If this news
https://www.forexlive.com/news/!/the...lunge-20201119
is as bad as it looks, stocks will plunge, and USD will rise from the ashes quite quickly.
  • #559,936
  • Nov 19, 2020 4:43pm Nov 19, 2020 4:43pm
Quoting Bartosz77
{quote} A hanging man would be bearish and today we will end D1 on bullish. We had similar situation on the 22/07/2020: {image}
2 completely different situations, different chart setup.

Today's daily candle is bearish, I am not even waiting for 3300+ tomorrow, it may come, but not worth the wait(for ME, of course)...my bear target is 500+ pips, anyway. Possibly 1000+.

Not telling anyone to go short! Trade your own plan!
Everyone can see the chart, but only a few can actually read it.
  • #559,937
  • Nov 19, 2020 4:57pm Nov 19, 2020 4:57pm
Quoting nessus94
{quote} After your 1,3250 is gone in a few minutes then see you on top
Hell of a bumpy ride. Stopped out at BE. But managed to pick the top. Now it wont go up any more. For sure
  • #559,938
  • Nov 19, 2020 4:59pm Nov 19, 2020 4:59pm
If anyone is short, at least put a stop around 1.3280 to CYA.....
Lost....
  • #559,939
  • Nov 19, 2020 5:38pm Nov 19, 2020 5:38pm
Quoting Maximumheigh
{quote} We arrived 1.327x. My remaining long trade hit TP. Watching this level keenly for my next move. Let see what it holds. I might be building short positions.
I placed my first short @1.3268. waiting for London open
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20201120-003321.png Size: 67 KB
  • #559,940
  • Nov 19, 2020 5:53pm Nov 19, 2020 5:53pm
Quoting pipcenturion
{quote} I still expect a buy to 1.327X level or slightly higher before more sellers will get in.
Done as expected.

Now we can see 1.3160 then maybe 1.3125

The above mentioned levels are the untested value areas for now.

Trade safe everyone!
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