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Cable Update (GBPUSD)

  • #560,381
  • Nov 23, 2020 6:41am Nov 23, 2020 6:41am
Quoting nessus94
Where are the Bears ? Please sell more
Break up
easy money

i will buy more gbp
Make money by doing the opposite of Giveachance aka loser
  • #560,382
  • Nov 23, 2020 6:48am Nov 23, 2020 6:48am
... 88.6% of the 3482-1675 move reached at the hi - just into the bottom of the wide wkly & mthly part of the prev dly/wkly/mthly zone to 3482/3514. Price @ the hi @ 93% 30 day adr.
Trader with an Edge.
  • #560,383
  • Nov 23, 2020 6:50am Nov 23, 2020 6:50am
Quoting nessus94
Where are the Bears ? Please sell more
Came on..

You are hurting the feelings of the sellers.

Funny though
Le$$ I$ More
  • #560,384
  • Nov 23, 2020 6:52am Nov 23, 2020 6:52am
Quoting Roszey
{quote} Came on.. You are hurting the feelings of the sellers. Funny though

I can't remember which 'guru' it was that said '... price can stay overbought or oversold longer than you have margin in your a/c to service a position opposing it.'

You had to be a buyer after those 3 x 15min hammers on the pullback- now that was 'easy money.' Bears will have their day it just hasn't come so far today.
Trader with an Edge.
  • #560,385
  • Nov 23, 2020 6:53am Nov 23, 2020 6:53am
Quoting Lock
{quote} In any case 2 things are crucial: that major trend line around 3400 and that very weak level at 3350. Plus the pit gap we are leaving downside 3353 - 33685
So are you buying or selling?
Le$$ I$ More
  • #560,386
  • Nov 23, 2020 6:53am Nov 23, 2020 6:53am
Quoting Georginson
Common bears... New sell 1.3376 target 1.3180... 1.3010.
Still holding short. It is a marathon not a sprint.

Feel no fear when equity is rock solid.
Data + Stat + Risk/Emotions Management
  • #560,387
  • Nov 23, 2020 6:54am Nov 23, 2020 6:54am
Quoting NotAtrader
Be careful with adding shorts guys. GBP is resilient now. It can really go as high and long as it wants. The sky is the limit now. Retailers have been building shorts on this pair recently and it looks like now is the time for the banks to collect all that money.
perfect for short range trading.Daily range reached and from this point on its overachieving.Key weekly pivots reached. Its actually not bad place to short for 60-40pip gain.Last 20days 112 that's basically achieved without even NY so good probability NY sells
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 52 KB
In trading, you have to be defensive and aggressive at the same time
  • #560,388
  • Nov 23, 2020 6:56am Nov 23, 2020 6:56am
Quoting Lock
33835-33935 is the double pass gap. It can fill it with a last spike or fail again
33835-33935 filled at the pip with the last GB period spike
Ubi maior minor cessat
  • #560,389
  • Nov 23, 2020 6:58am Nov 23, 2020 6:58am
Quoting Headland
{quote} I can't remember which 'guru' it was that said '... price can stay overbought or oversold longer than you have margin in your a/c to service a position opposing it.' You had to be a buyer after those 3 x 15min hammers on the pullback- now that was 'easy money.'
True.

Like the saying also goes: "Let the trend be your friend"
Le$$ I$ More
  • #560,390
  • Nov 23, 2020 6:59am Nov 23, 2020 6:59am
desc t/line and wkly R2 next.
Trader with an Edge.
  • #560,391
  • Nov 23, 2020 7:00am Nov 23, 2020 7:00am
Quoting Georginson
{quote} Still holding short. It is a marathon not a sprint.
What about marathon to 1,35 ? 1,37 ? 1,40 ?
Make money by doing the opposite of Giveachance aka loser
  • #560,392
  • Nov 23, 2020 7:04am Nov 23, 2020 7:04am
Even 1,3390 is bought lol
buy more
Make money by doing the opposite of Giveachance aka loser
  • #560,393
  • Nov 23, 2020 7:04am Nov 23, 2020 7:04am
Quoting Roszey
{quote} So are you buying or selling?
I made an attempted long (a childish portion) with a small profit with this last spike. I was seriously scared by that 3350 and by the upcoming possible reaction of preUS. Maybe I should have been more convinced but I really was insecure.
Ubi maior minor cessat
  • #560,394
  • Nov 23, 2020 7:04am Nov 23, 2020 7:04am
Quoting Headland
{quote} I can't remember which 'guru' it was that said '... price can stay overbought or oversold longer than you have margin in your a/c to service a position opposing it.' You had to be a buyer after those 3 x 15min hammers on the pullback- now that was 'easy money.' Bears will have their day it just hasn't come so far today.

Not exactly a "guru" but one of the most prominent economists of all times JM Keynes
  • #560,395
  • Nov 23, 2020 7:05am Nov 23, 2020 7:05am
Quoting nessus94
Even 1,3390 is bought lol buy more
See you at 1.3180 soon.
Data + Stat + Risk/Emotions Management
  • #560,396
  • Nov 23, 2020 7:05am Nov 23, 2020 7:05am
Quoting Lock
{quote} In any case 2 things are crucial: that major trend line around 3400 and that very weak level at 3350. Plus the pit gap we are leaving downside 3353 - 33685
The pit gap we are leaving downside is exactly at 3356-3369. Take note at pit open.
Ubi maior minor cessat
  • #560,397
  • Nov 23, 2020 7:08am Nov 23, 2020 7:08am
Loaded more sell..1.3200 on the way
  • #560,398
  • Nov 23, 2020 7:08am Nov 23, 2020 7:08am
Quoting Georginson
{quote} See you at 1.3180 soon.

I hope it will happen soon before they wipe my account
  • #560,399
  • Nov 23, 2020 7:09am Nov 23, 2020 7:09am
Quoting Lock
{quote} I made an attempted long (a childish portion) with a small profit with this last spike. I was seriously scared by that 3350 and by the upcoming possible reaction of preUS. Maybe I should have been more convinced but I really was insecure.
170+ pips. if the price closes above Sept OP then we should see Sept high by week end
Attached Image (click to enlarge)
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Le$$ I$ More
  • #560,400
  • Nov 23, 2020 7:09am Nov 23, 2020 7:09am
Quoting Moty
1.33796 is working {image}
GU could reach 1.3450 bro. be carefull
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