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Cable Update (GBPUSD)

  • #560,141
  • Nov 20, 2020 8:37am Nov 20, 2020 8:37am
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yes yes yes
  • #560,142
  • Nov 20, 2020 8:38am Nov 20, 2020 8:38am
8 times on H1 try to break out for 1.33 and yet still hold..
Trade what you see, not what you think.. react and stay sharp..
  • #560,143
  • Nov 20, 2020 8:39am Nov 20, 2020 8:39am
Quoting gatenio
{quote} lol.. the market killing me.. perfect entries become after 2-3 hours nightmare. the market is ‘hold me im dump it for good’ and the im flying to i dont know where
it wants our money but it wont!!!!

the guys are shorting a lot here
it is time to buy i think
Make money by doing the opposite of Giveachance aka loser
  • #560,144
  • Nov 20, 2020 8:41am Nov 20, 2020 8:41am
Quoting nessus94
{quote} it wants our money but it wont!!!! the guys are shorting a lot here it is time to buy i think
naahhh im in the last trade of the week on short nu.. if it pass 0.695 im done for the week.
  • #560,145
  • Nov 20, 2020 8:43am Nov 20, 2020 8:43am
Lol, i was just about to write when all the bears having finished feeding the bull it will run and looks like its about to do just that
Follow The Markets Structure - Patience and Discipline
  • #560,146
  • Nov 20, 2020 8:43am Nov 20, 2020 8:43am
Quoting gatenio
{quote} naahhh im in the last trade of the week on short nu.. if it pass 0.695 im done for the week.
guys twitter said if copper is back above $3,3 it is back to inflation so big dollar dump coming

and we just hit above $3,3
i think it is the end
Make money by doing the opposite of Giveachance aka loser
  • #560,147
  • Nov 20, 2020 9:05am Nov 20, 2020 9:05am
Quoting VM.
{quote} That's the thing, I don't know if USD is expensive. Or (focussing on the task in hand), if the market thinks it is time to break USDX support or bounce hard off it. News regarding switching off Fed emergency funding make me think it may be the latter, but charts say otherwise so far... I guess NYSE will have the final say as usual.
if i remember well this has been made from jp morgan analyst. u have your answer

Green undervalued. pink overvalued.
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Twitter: Rummer_grapes
  • #560,148
  • Nov 20, 2020 9:21am Nov 20, 2020 9:21am
Sod this , i have 50 pips banked from this trade, i wil leave the stop on, nothing to lose , it can go wherever it wants, i am off for a few beers and start the weekend.

Good luck all
Follow The Markets Structure - Patience and Discipline
  • #560,149
  • Nov 20, 2020 9:24am Nov 20, 2020 9:24am
Short 1.32846 and 1.32795..

TP 1.31100
No SL

Let see where it goes. I leave it till next week.
  • #560,150
  • Nov 20, 2020 9:24am Nov 20, 2020 9:24am
Quoting Bacco
{quote} if i remember well this has been made from jp morgan analyst. u have your answer Green undervalued. pink overvalued. {image}
Thank you! So GBP and USD both overvalued, but USD more? I guess sounds about right.
  • #560,151
  • Nov 20, 2020 9:28am Nov 20, 2020 9:28am
Quoting VM.
{quote} Thank you! So GBP and USD both overvalued, but USD more? I guess sounds about right.
following their report yes.
Twitter: Rummer_grapes
  • #560,152
  • Nov 20, 2020 9:34am Nov 20, 2020 9:34am
Quoting miedpreneur
8 times on H1 try to break out for 1.33 and yet still hold..
And when it passes, it will be a solid support...
WT
  • #560,153
  • Nov 20, 2020 9:39am Nov 20, 2020 9:39am
32975 is GB inside week high: weekly balance in place: any attempt above it is an attempted rally above balance. If it fail above it next possible direction is the opposite side of this GB weekly balance: meaning 31655. if it works possible continuation toward September high.
Ubi maior minor cessat
  • #560,154
  • Nov 20, 2020 9:40am Nov 20, 2020 9:40am
Oh no. My sell order got activated at 1.3295
  • #560,155
  • Nov 20, 2020 9:45am Nov 20, 2020 9:45am
Quoting Lock
32975 is GB inside week high: weekly balance in place: any attempt above it is an attempted rally above balance. If it fail above it next possible direction is the opposite side of this GB weekly balance: meaning 31655. if it works possible continuation toward September high.
Hello Sir, can you elaborate more on this thought of yours?

Please
Le$$ I$ More
  • #560,156
  • Nov 20, 2020 9:51am Nov 20, 2020 9:51am
Enough with this rising sideway movement.
Spike it like your brother , mr gold
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yes yes yes
  • #560,157
  • Nov 20, 2020 9:56am Nov 20, 2020 9:56am
Quoting Roszey
{quote} Hello Sir, can you elaborate more on this thought of yours? Please
Yes, GB sessions established a weekly high during 11.18 at 32975: I'm speaking about GB sessions hours before preUS open. If you consider only GB sessions that one is current GB weekly high. Now, if you consider current week range in relation to previous GB weekly range you will see it is inside it. This means that actually we are in a weekly balance.

Balance rules apply: price can remain into balance for a while and then attempt above or below. If for instance it will attempt above, it can succeed or fail. If it fails generally (balance rules) it will attempt the opposite side of balance, meaning in this case 31655. If it will succeed the next target can be the most visible level upside, that in this case is September high.

PS: and current pit session can, or cannot, attempt a test above current GB inside week high 32975, before next week GB open, eventually let GB open above its own weekly high.
Ubi maior minor cessat
  • #560,158
  • Nov 20, 2020 9:59am Nov 20, 2020 9:59am
I'm fine with floating loss, don't forget cut loss & have a nice weekend everyone

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  • #560,159
  • Nov 20, 2020 10:00am Nov 20, 2020 10:00am
Quoting Moty
Enough with this rising sideway movement. Spike it like your brother , mr gold {image}
Patience bro..
Le$$ I$ More
  • #560,160
  • Nov 20, 2020 10:01am Nov 20, 2020 10:01am
looks like the secondary rally about to kick off. gold, cable cad etc

cad is short of course.
In tea leaves we trust!
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