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Cable Update (GBPUSD)

  • #560,061
  • Nov 20, 2020 4:16am Nov 20, 2020 4:16am
1hr SW zone tested..
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Keep
It
Simple
Silly

K I S S
Le$$ I$ More
  • #560,062
  • Nov 20, 2020 4:17am Nov 20, 2020 4:17am
Quoting L.m
{quote} 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
go look at the last weekly gbpusd

weekly chart arrows left to right

1 no demand ... low volume up
2 . upthrust on increasing volume confirming the no demand
3/. smart money love to screw people .. so they did up move but note volume is normal trues breakouts should see increased volume
4. trap up move on INCREASED volume showing supply .

the entry would be either under bar 2 or 4

we do not have a topping pattern on weekly at all currently
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Blogging daily now at www.volume.zone
  • #560,063
  • Nov 20, 2020 4:18am Nov 20, 2020 4:18am
bulls in play but bear not done yet..
i stay with bear and ready to take the risk..
Trade what you see, not what you think.. react and stay sharp..
  • #560,064
  • Nov 20, 2020 4:18am Nov 20, 2020 4:18am
...provisional new asc t/line on dly (dot dot) ...4hr already joining fractal swing lo's. Potential res to the upside on this t/f shown to 3482. dly below.

Someone incorrectly stated y/day late that y/day's dly candle is a hanging man - it is not - because it is not at the top of the move, and it's not a classic hanging man shape anyway - having an upper wick.
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Trader with an Edge.
  • #560,065
  • Nov 20, 2020 4:19am Nov 20, 2020 4:19am
Quoting Bacco
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.
Regarding a downtrend... one probably cannot expect to see signs of it before it started. The PA will be bullish just until the moment it is time to drop. This is especially true for GU. Three recent downtrends (post-election, March and September) followed uptrends in full swing. Actually, I think they followed the days with ~200pips upswing (sometimes drop started the same day). I guess this time this honour was reserved for the EU trade deal, but I am not sure it's coming...
  • #560,066
  • Nov 20, 2020 4:24am Nov 20, 2020 4:24am
I think we all need to go back to some basics here.

Respect other traders opinions
Please post the timeframe your trade refers to as we all trade different styles and tfs
Follow The Markets Structure - Patience and Discipline
  • #560,067
  • Nov 20, 2020 4:27am Nov 20, 2020 4:27am
Quoting miedpreneur
{quote} haha.. when everyone start to buy then suddenly down.. its magic of friday.. lol
I am still in sell atmosphere. Not buying this for now.
  • #560,068
  • Nov 20, 2020 4:28am Nov 20, 2020 4:28am
Selling Pressure influence by this SW Zone on 4hr.

If it breaks then the buyers will completely take control.
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Le$$ I$ More
  • #560,069
  • Nov 20, 2020 4:28am Nov 20, 2020 4:28am
It funny reading about "we are in an uptrend" or "we are in a downtrend" when it comes to GU. With this pair, it can take 1 second to change from super bull to super bear and the opposite.
Everyone can see the chart, but only a few can actually read it.
  • #560,070
  • Nov 20, 2020 4:29am Nov 20, 2020 4:29am
Quoting miedpreneur
{quote} haha.. when everyone start to buy then suddenly down.. its magic of friday.. lol
Only blind men will ignore a resistance price with high magnitude.
Keep the Lights on then you can catch the rise from the dark.
  • #560,071
  • Nov 20, 2020 4:31am Nov 20, 2020 4:31am
Quoting miedpreneur
bulls in play but bear not done yet.. i stay with bear and ready to take the risk..
good to see gambling is still alive and kicking lol
Blogging daily now at www.volume.zone
  • #560,072
  • Nov 20, 2020 4:32am Nov 20, 2020 4:32am
Small wedge on the 5 min TF waiting to break upwards towards 1.331
  • #560,073
  • Nov 20, 2020 4:37am Nov 20, 2020 4:37am
Quoting malcolmb14
{quote} good to see gambling is still alive and kicking lol
just joke, dont take it so serious.. it happen anytime in this thread..
if you said i was gambling im not be able life in forex for 10 years..

where are you when price down, even i sell since last 2 days i state bull still in play and theres posibility to up again.. when i sell i set tight SL cause i know we still in bullish bias.. but i dont wanna buy at the top (intraday top) so i can said now im in sell mode.. and maybe i can change to buy when price below 1.322 maybe..

but imo when trend reverse at early stage its almost no sign to indicated trend is about to change..
Trade what you see, not what you think.. react and stay sharp..
  • #560,074
  • Nov 20, 2020 4:37am Nov 20, 2020 4:37am
Quoting malcolmb14
{quote} 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
The PA certainly feels as if smart money are positioning themselves right now. We are consolidating for almost a week now. Volume does not seem to be high either recently, but maybe I am wrong, I trust your judgement here.
  • #560,075
  • Nov 20, 2020 4:45am Nov 20, 2020 4:45am
Quoting OnlineAddict
It funny reading about "we are in an uptrend" or "we are in a downtrend" when it comes to GU. With this pair, it can take 1 second to change from super bull to super bear and the opposite.

Markets are fractal, every timeframe builds a larger trend or swing from smaller trends and swings, unfortunately most do not understand this concept so the smart money will send you round and round in circles using the smaller swings while they build the larger.

This is why traders get the confused traders syndrome, its going up , its going down, up down, down, up , sideways, all the smart money is doing is building larger swings and trends with the uneducated money.
Follow The Markets Structure - Patience and Discipline
  • #560,076
  • Nov 20, 2020 4:47am Nov 20, 2020 4:47am
Quoting malcolmb14
{quote} go look at the last weekly gbpusd weekly chart arrows left to right 1 no demand ... low volume up 2 . upthrust on increasing volume confirming the no demand 3/. smart money love to screw people .. so they did up move but note volume is normal trues breakouts should see increased volume 4. trap up move on INCREASED volume showing supply . the entry would be either under bar 2 or 4 we do not have a topping pattern on weekly at all currently {image}
Thanks Malcolm, I don't use volumes in my analysis but as said my bias is long so I'm glad volume analysis support it.

Anyway I hope @Georginson will elaborate his view
  • #560,077
  • Nov 20, 2020 4:49am Nov 20, 2020 4:49am
Quoting miedpreneur
{quote} just joke, dont take it so serious.. it happen anytime in this thread.. if you said i was gambling im not be able life in forex for 10 years.. where are you when price down, even i sell since last 2 days i state bull still in play and theres posibility to up again.. when i sell i set tight SL cause i know we still in bullish bias.. but i dont wanna buy at the top (intraday top) so i can said now im in sell mode.. and maybe i can change to buy when price below 1.322 maybe..
Friend you need to ignore some people. Some people dont know joke when they see one. It seems some of the ancient members here believes every one that is new to forex factory is a newbie in forex. Please just do your thing and ignore FF bully. Like I said yesterday, I can also decide to be viewing like people that are currently viewing with no comments.
  • #560,078
  • Nov 20, 2020 4:52am Nov 20, 2020 4:52am
Quoting Maximumheigh
{quote} Friend you need to ignore some people. Some people dont know joke when they see one. It seems some of the ancient members here believes every one that is new to forex factory is a newbie in forex. Please just do your thing and ignore FF bully. Like I said yesterday, I can also decide to be viewing like people that are currently viewing with no comments.
yes.. thanks for remind me again..haha.. anyway sell from the top played nice again.. xixixi
Trade what you see, not what you think.. react and stay sharp..
  • #560,079
  • Nov 20, 2020 4:58am Nov 20, 2020 4:58am
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yes yes yes
  • #560,080
  • Nov 20, 2020 4:59am Nov 20, 2020 4:59am
3260 long for 20
Twitter: Rummer_grapes
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