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Cable Update (GBPUSD)

  • #560,501
  • Nov 23, 2020 10:11am Nov 23, 2020 10:11am
Newsflash:: Brexit will slaughter the pound....
Que Sera
  • #560,502
  • Nov 23, 2020 10:12am Nov 23, 2020 10:12am
Quoting OnlineAddict
{quote} Yes, it did, but GU was bottoming on friday before that, so it wasn't as surprising. Today, I think I will wake up to GU being around 3260 or less.
So the target was ok, I just woke up at a wrong time.
Everyone can see the chart, but only a few can actually read it.
  • #560,503
  • Nov 23, 2020 10:12am Nov 23, 2020 10:12am
How far can the sell go?
Let wait and see
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Nov 23 16-11-19.png Size: 81 KB
Le$$ I$ More
  • #560,504
  • Nov 23, 2020 10:12am Nov 23, 2020 10:12am
Quoting Ehsank78
Is it good time to enter long in Gold?
Don't bother, just leave it be.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20201123_231131.jpg Size: 249 KB
  • #560,505
  • Nov 23, 2020 10:14am Nov 23, 2020 10:14am
Quoting Maximumheigh
{quote} Offloaded some short positions. Some still running. We should get to 3250 next target
Offloading some short positions again. About 2 trades still running. A little pullback, then 3240
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20201123-171204.png Size: 72 KB
  • #560,506
  • Nov 23, 2020 10:15am Nov 23, 2020 10:15am
Managed to close 5 of my trades in profit. 1 more remaining. GU plesse drop below 1.32600 soon
  • #560,507
  • Nov 23, 2020 10:17am Nov 23, 2020 10:17am
wow that was fun , came back from 155 $ loss and 100 pips against me in te trade .
i am out with a little profit , and scalping baby long
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu2.png Size: 26 KB
Click to Enlarge Name: gu3.png Size: 30 KB
yes yes yes
  • #560,508
  • Nov 23, 2020 10:18am Nov 23, 2020 10:18am
Quoting Roszey
How far can the sell go? Let wait and see {image}
2900, 2750, 2400, 2000...possibly lower. But I hope to get new entries this week...so someone please bring it back up above 3300, as high as possible.
Everyone can see the chart, but only a few can actually read it.
  • #560,509
  • Nov 23, 2020 10:19am Nov 23, 2020 10:19am
Quoting Catempire
Newsflash:: Brexit will slaughter the pound....
and? GU to 1.4000????
  • #560,510
  • Nov 23, 2020 10:19am Nov 23, 2020 10:19am
Quoting OnlineAddict
{quote} So the target was ok, I just woke up at a wrong time.
Funny!. Great Guy, Legendary remark
  • #560,511
  • Nov 23, 2020 10:26am Nov 23, 2020 10:26am
Quoting zamans98
{quote} and? GU to 1.4000????
After below 1.2 yeah why not
Que Sera
  • #560,512
  • Nov 23, 2020 10:28am Nov 23, 2020 10:28am
Quoting OnlineAddict
{quote} 2900, 2750, 2400, 2000...possibly lower. But I hope to get new entries this week...so someone please bring it back up above 3300, as high as possible.
OK. i will bring it back.. hahahahah
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Nov 23 16-25-27.png Size: 51 KB


If that zone remains intact after the day ends then we should see prices moving into that blue zone and fall.

IMO
Le$$ I$ More
  • #560,513
  • Nov 23, 2020 10:31am Nov 23, 2020 10:31am
Quoting Catempire
{quote} After below 1.2 yeah why not
nah, disagreed
BREXIT is just a tool for politician to make money
POUND STERLING is still looking at 1,4000 before Christmas holidays
  • #560,514
  • Nov 23, 2020 10:39am Nov 23, 2020 10:39am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.jpg Size: 67 KB
from now cable is down to 1.3060 (Ret 61.8)------------or Monthly pivot ~1.3023
Price turnback to where, he escaped from there
  • #560,515
  • Nov 23, 2020 10:39am Nov 23, 2020 10:39am
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.png Size: 24 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 40 KB
yes yes yes
  • #560,516
  • Nov 23, 2020 10:41am Nov 23, 2020 10:41am
Looking for a pullback to 1.3311 area for further move down. I will load my short again around that area for 1.3240. IMO
  • #560,517
  • Nov 23, 2020 10:49am Nov 23, 2020 10:49am
Quoting Lock
{quote} 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.
And btw: here is it the importance of gaps... Pit liquidated everything down to 32975, it also tagged Friday pit low 32625 (that is now extremely weak) and while GB is going to close we have price around 32925 (last week GB close) and 32975 that is also the breakeven of this morning attempted rally from GB inside week balance....

And about Gaps, take note of 3319-3325 as it is currently a double pass GB gap: if tomorrow GB will open below it, it will become a TRIPLE pass one... So watch out if you see price going far below it..
Ubi maior minor cessat
  • #560,518
  • Nov 23, 2020 10:50am Nov 23, 2020 10:50am
took 20 from 1.32800 to 1.3300
now short to last low
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu2.png Size: 43 KB
Click to Enlarge Name: gu1.png Size: 19 KB
yes yes yes
  • #560,519
  • Nov 23, 2020 11:03am Nov 23, 2020 11:03am
...just back at desk updating charts...well I missed the 2nd fall after the retest of the hi's , and what a fall it was from that 88.6% fib 3482-2675 and the 4376-3482 desc t/line...found support @ the current dly lo @ 23.6% of the 2854-today's current hi 3398 in that prev 1hr sw lo x 2 zone that extends down to 3256. 1hr below. At the current dly lo - price @ 113% 30 day adr.
Attached Image (click to enlarge)
Click to Enlarge Name: c81b5c3f20a9ab2045013f68bbc5878a.png Size: 67 KB
Trader with an Edge.
  • #560,520
  • Nov 23, 2020 11:15am Nov 23, 2020 11:15am
always enjoyable to give back some. not.

reading the tape not really liking this retracement on the drop. reckon it will drift up here to 33315 ish at minium. after that i'm so sure.
In tea leaves we trust!
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