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Cable Update (GBPUSD)

  • #560,041
  • Nov 20, 2020 3:46am Nov 20, 2020 3:46am
Quoting malcolmb14
noobs love to just sell off resistance ... its the easiest game for smart money to trap them ... ALWAY wait for restest after a failure of resistance thats excactly what they did this morning .. how many here were here we go ... gu 1.3150 1.... down wave luring in sellers 2 uhv on squat bar 13250 up move .. now i wait for test and buy safely {image}

Very good classic break and retest 3263 pushing into the range to trap sellers , dumb sellers fell for it twice
Follow The Markets Structure - Patience and Discipline
  • #560,042
  • Nov 20, 2020 3:47am Nov 20, 2020 3:47am
Quoting Stefan90csk
This time it may not hold. Let's see.
the top?
  • #560,043
  • Nov 20, 2020 3:47am Nov 20, 2020 3:47am
i ve opened short at 3290 2 days ago. specifing that catching the top was risky, as we are in full uptrend. price in the swing down had to consolidate around 3150, which did not and turned up again. and, as i ve said yesterday, only the h1 was ready for the downtrend, h2 and d1 not. for me is still buy the dips. in my system everything is pointing up, not sign of any downtrend yet.
Twitter: Rummer_grapes
  • #560,044
  • Nov 20, 2020 3:47am Nov 20, 2020 3:47am
Quoting malcolmb14
noobs love to just sell off resistance ... its the easiest game for smart money to trap them ... ALWAY wait for restest after a failure of resistance thats excactly what they did this morning .. how many here were here we go ... gu 1.3150 1.... down wave luring in sellers 2 uhv on squat bar 13250 up move .. now i wait for test and buy safely {image}
The m5 candle that lead to this daily high has very high volume
2nd highest vol over the past 2 days

would you buy into it ? or consider it as selling (as the next candle to it is a red candle)
COT: The precious data ignored
  • #560,045
  • Nov 20, 2020 3:48am Nov 20, 2020 3:48am
Quoting malcolmb14
{quote} i can be wrong ..... its rare lol trading is a patience game

Come on then big shot lets see you post some live calls with actual entry prices
Follow The Markets Structure - Patience and Discipline
  • #560,046
  • Nov 20, 2020 3:48am Nov 20, 2020 3:48am
Quoting pipfarm
{quote} Very good classic break and retest 3263 pushing into the range to trap sellers , dumb sellers fell for it twice
happens all the time ... rejection of support or resistance and on fake breakouts (called hidden test in vsa) . its so easy for inexperienced traders to get screwed over all the time when all they need to do is wait for the test
Blogging daily now at www.volume.zone
  • #560,047
  • Nov 20, 2020 3:50am Nov 20, 2020 3:50am
m5 chart
in one active buy from 3274
have a buy stop @ 3289
Attached Image (click to enlarge)
Click to Enlarge Name: 56978f34da0eb0e90196602ef7d9fe14.png Size: 27 KB
in wondering about yourself, you forgot what you came here to be part of
  • #560,048
  • Nov 20, 2020 3:51am Nov 20, 2020 3:51am
Quoting Georginson
{quote} This is already priced in... A mini spike to 1.3380 area then massive sell off between 500 - 1000 pips.
Hi Georginson, why do you expect such a big drop?
  • #560,049
  • Nov 20, 2020 3:53am Nov 20, 2020 3:53am
Quoting gatenio
{quote} the top?
Yeah.
Patience and Discipline.
  • #560,050
  • Nov 20, 2020 3:56am Nov 20, 2020 3:56am
Quoting L.m
{quote} Hi Georginson, why do you expect such a big drop?
ignore this statement

the charts will show you

1000 pip drops do not just happens .... smart money makes up the news .....if you do not believe me look at indexes pre election .. covid oh no numbers rising ... indexes drop 10% .. elections Biden wins .. then vaccine and hey presto indexes at 30000 and all time news highs ..... the charts showed it all as smart money positioned themselves .. IF gbp is going to drop 1000 you will see several low volume days on up bars ,, even an upthrust on the weekly charts followed by further weakness as smart money potion themselves into sell
Blogging daily now at www.volume.zone
  • #560,051
  • Nov 20, 2020 3:58am Nov 20, 2020 3:58am
Quoting Stefan90csk
{quote} Yeah.
pure gamble gu..
cant trade it
  • #560,052
  • Nov 20, 2020 3:59am Nov 20, 2020 3:59am
the blow up is coming
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 47 KB
yes yes yes
  • #560,053
  • Nov 20, 2020 4:00am Nov 20, 2020 4:00am
Delay still a tactics, some bears losing hope while bulls keep it up!!!
Keep the Lights on then you can catch the rise from the dark.
  • #560,054
  • Nov 20, 2020 4:01am Nov 20, 2020 4:01am
Quoting knkie
m5 chart in one active buy from 3274 have a buy stop @ 3289 {image}
meh
stopped out with +3 pips

adjust the buy stop to 3281
in wondering about yourself, you forgot what you came here to be part of
  • #560,055
  • Nov 20, 2020 4:03am Nov 20, 2020 4:03am
Quoting Moty
the blow up is coming {image}
nice one.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #560,056
  • Nov 20, 2020 4:10am Nov 20, 2020 4:10am
Quoting malcolmb14
{quote} ignore this statement the charts will show you 1000 pip drops do not just happens .... smart money makes up the news .....if you do not believe me look at indexes pre election .. covid oh no numbers rising ... indexes drop 10% .. elections Biden wins .. then vaccine and hey presto indexes at 30000 and all time news highs ..... the charts showed it all as smart money positioned themselves .. IF gbp is going to drop 1000 you will see several low volume days on up bars ,, even an upthrust on the weekly charts followed by further weakness as...
My opinion is like yours, I'm stacking my long positions for quite some weeks now. But I may be wrong and I'm interested to get and compare different ideas
  • #560,057
  • Nov 20, 2020 4:11am Nov 20, 2020 4:11am
haha friday..
Trade what you see, not what you think.. react and stay sharp..
  • #560,058
  • Nov 20, 2020 4:11am Nov 20, 2020 4:11am
Quoting Maximumheigh
{quote} Can 1.3265 hold for bear. Watching!!!
1.3265 smashed. The bull looking strong, but I am still bearish until 1.331x. I am still in my sell trade
  • #560,059
  • Nov 20, 2020 4:13am Nov 20, 2020 4:13am
Quoting malcolmb14
{quote} ignore this statement the charts will show you 1000 pip drops do not just happens .... smart money makes up the news .....if you do not believe me look at indexes pre election .. covid oh no numbers rising ... indexes drop 10% .. elections Biden wins .. then vaccine and hey presto indexes at 30000 and all time news highs ..... the charts showed it all as smart money positioned themselves .. IF gbp is going to drop 1000 you will see several low volume days on up bars ,, even an upthrust on the weekly charts followed by further weakness as...
Mr. Know all... You dont tell someone what to do or not what to do. I detest arrogance.

It is my view and the question was directed to me and not you. I will oblige him by answering and sharing reasons i stated the above. No one is obligated to follow blindly.
Data + Stat + Risk/Emotions Management
  • #560,060
  • Nov 20, 2020 4:14am Nov 20, 2020 4:14am
Quoting Maximumheigh
{quote} 1.3265 smashed. The bull looking strong, but I am still bearish until 1.331x. I am still in my sell trade
haha.. when everyone start to buy then suddenly down.. its magic of friday.. lol
Trade what you see, not what you think.. react and stay sharp..
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