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Cable Update (GBPUSD)

  • #560,441
  • Nov 23, 2020 8:47am Nov 23, 2020 8:47am
Quoting NotAtrader
RSI divergence on M30, M15 and M5 detected. Waiting for confirmation.
Divergence confirmed...
This is just information, not an advice.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #560,442
  • Nov 23, 2020 8:49am Nov 23, 2020 8:49am
Quoting Davit
{quote} 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 {image}
+2k
In trading, you have to be defensive and aggressive at the same time
  • #560,443
  • Nov 23, 2020 8:50am Nov 23, 2020 8:50am
Quoting Lock
{quote} The pit gap we are leaving downside is exactly at 3356-3369. Take note at pit open.
Pit opened and immediately filled the double pass gap 3356-3369
Ubi maior minor cessat
  • #560,444
  • Nov 23, 2020 8:51am Nov 23, 2020 8:51am
Considering dollar is so weak today relatively to other major, quite alarming that gold is also dropping. Is today the day we gonna crack 1850?
  • #560,445
  • Nov 23, 2020 8:51am Nov 23, 2020 8:51am
Quoting Lock
{quote} Pit opened and immediately filled the double pass gap 3356-3369

what are these pits and gaps you talk about?
  • #560,446
  • Nov 23, 2020 8:53am Nov 23, 2020 8:53am
Quoting Davit
{quote} +2k
Just over 1k for me Davit. It was more probably than not ;-)
A fool and his money are easily parted
  • #560,447
  • Nov 23, 2020 8:54am Nov 23, 2020 8:54am
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.
Heard the same many times...always before a drop.
Everyone can see the chart, but only a few can actually read it.
  • #560,448
  • Nov 23, 2020 8:54am Nov 23, 2020 8:54am
The concept of OVERBOUGHT & OVERSOLD has been misleading.

The market always have a target to fulfil daily, weekly, monthly and yearly. So until the market reaches there, you cannot consider a trend to be exhausted or not.

The question here is, how do you know the target.? Well experience and practice lead you to find the targets.

My only advice is to protect yourself with stops when trend is against you. Simple
Le$$ I$ More
  • #560,449
  • Nov 23, 2020 8:55am Nov 23, 2020 8:55am
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 42 KB
Click to Enlarge Name: dx1.png Size: 42 KB
yes yes yes
  • #560,450
  • Nov 23, 2020 8:56am Nov 23, 2020 8:56am
clearly some news hit the wire.... do share.
In tea leaves we trust!
  • #560,451
  • Nov 23, 2020 8:56am Nov 23, 2020 8:56am
Quoting ZTrader123
{quote} what are these pits and gaps you talk about?
A gap is the"empty" space left between sessions of the same kind: in this case I was speaking about a gap between pit session 09.01 and pit session 09.02. Now, because we also have a gap from Friday pit session high (32975) and today pit low, I called that space a "double pass" gap as for 2 times that space had been skipped by pit participants. And today pit opened and went there to fill that "double pass" gap.
Ubi maior minor cessat
  • #560,452
  • Nov 23, 2020 8:58am Nov 23, 2020 8:58am
And while they were down there they also took out the poor stops at 3350. If there is something more you will see price accepted below 3350, if not you will see price up to 33835 as a first step.
Ubi maior minor cessat
  • #560,453
  • Nov 23, 2020 8:58am Nov 23, 2020 8:58am
re-entered long 3354 ish
In tea leaves we trust!
  • #560,454
  • Nov 23, 2020 9:01am Nov 23, 2020 9:01am
Quoting Mcbeaners
re-entered long 3354 ish
try to catch falling knife? come on buyer add more buy we going don to.1.3320 first
  • #560,455
  • Nov 23, 2020 9:01am Nov 23, 2020 9:01am
Quoting OnlineAddict
{quote} Heard the same many times...always before a drop.
So?
If I remember right you should wake up today with the price oscillating somewhere around 1.3260. It’s time to go to bed again and the price is 1.3360

Trade safe
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #560,456
  • Nov 23, 2020 9:03am Nov 23, 2020 9:03am
Quoting Lastaccount
{quote} try to catch falling knife? come on buyer add more buy we going don to.1.3320 first
some of my best trades....
In tea leaves we trust!
  • #560,457
  • Nov 23, 2020 9:03am Nov 23, 2020 9:03am
Quoting Lastaccount
{quote} try to catch falling knife? come on buyer add more buy we going don to.1.3320 first
  • #560,458
  • Nov 23, 2020 9:04am Nov 23, 2020 9:04am
I sense some argument brewing between members again.
Le$$ I$ More
  • #560,459
  • Nov 23, 2020 9:05am Nov 23, 2020 9:05am
Quoting Mcbeaners
clearly some news hit the wire.... do share.
no news my friend , it's gravity Attachment g

gold dropping 40 points today
Attached Image (click to enlarge)
Click to Enlarge Name: go.png Size: 21 KB
yes yes yes
  • #560,460
  • Nov 23, 2020 9:08am Nov 23, 2020 9:08am
nah - everything moved...not just cable.

looks like they want it under the hrly 20ema. fair dinkum i'm a little early. all good.
In tea leaves we trust!
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