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Cable Update (GBPUSD)

  • #560,521
  • Nov 23, 2020 11:20am Nov 23, 2020 11:20am
zuluremys just got a badge
99.9% persistence
  • #560,522
  • Nov 23, 2020 11:26am Nov 23, 2020 11:26am
expectation
Attached Image (click to enlarge)
Click to Enlarge Name: remy.JPG Size: 109 KB
99.9% persistence
  • #560,523
  • Nov 23, 2020 11:26am Nov 23, 2020 11:26am
Quoting zuluremys
zuluremys just got a badge
Welcome to the badge community .. We'll observe your post for a while then consider if you should get the RED badge
Just kidding, Welcome to the community tho

SS
  • #560,524
  • Nov 23, 2020 11:33am Nov 23, 2020 11:33am
...re my 1hr chart above...watching that area with prev sw lo = prev supp = pot sbr / broken asc t/line / 38.2% of the fall.
Trader with an Edge.
  • #560,525
  • Nov 23, 2020 11:39am Nov 23, 2020 11:39am
don't be surprised that this drifts back up to the todays highs. if it does then cable's run is over (for now) imo.
In tea leaves we trust!
  • #560,526
  • Nov 23, 2020 11:40am Nov 23, 2020 11:40am
Quoting JayBag
{quote} Welcome to the badge community .. We'll observe your post for a while then consider if you should get the RED badge Just kidding, Welcome to the community tho SS
hehehehe thanks
99.9% persistence
  • #560,527
  • Nov 23, 2020 11:42am Nov 23, 2020 11:42am
Good to add longs, any drop is a buy
Make money by doing the opposite of Giveachance aka loser
  • #560,528
  • Nov 23, 2020 11:42am Nov 23, 2020 11:42am
Quoting Arief-
I'm fine with floating loss, don't forget cut loss & have a nice weekend everyone {image}
After cut loss butterfly comes true

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 36 KB
  • #560,529
  • Nov 23, 2020 11:43am Nov 23, 2020 11:43am
Quoting Arief-
{quote} After cut loss butterfly comes true {image}
Sl hit before tp
sorry
Make money by doing the opposite of Giveachance aka loser
  • #560,530
  • Nov 23, 2020 11:45am Nov 23, 2020 11:45am
So,

Nice Retracement, since not checking in for 'few days. (Good for you, u say).
'Went North w/Asia Last Night & knew we'd breach the 1.3300's -Nice Run.

Now my Bulls -(After getting Slaughtered), Have Run over the Lake on the 1min Cloud.
Then they Turned back & TooK a Drink for awhile, at the Lake.
Now on the 5 Min' they are running to that Lake at the 50/61.8 for some more water.

Once i think they get there, they & the Bears & the Orderbook will tell Us,
Do the Run Further "North" or do the Orderbooks get crammed back w/Sales again,
for the Bears. -Time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: 11_23_2020 GBP_USD Long Entry on Retracement 1min_Bulls Drank at the Lake.jpg Size: 209 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 11_23_2020 GBP_USD 5min Bulls Heading North towards 5 Min River.png Size: 144 KB

"Happy Pipping All",
Enjoy Your Monday's, into Tuesday's,

Jeff
I will work to Objectively Identify my Edges
  • #560,531
  • Nov 23, 2020 11:45am Nov 23, 2020 11:45am
Quoting nessus94
{quote} Sl hit before tp sorry
no problem
  • #560,532
  • Nov 23, 2020 11:48am Nov 23, 2020 11:48am
*whining mode on*
Difficult day for me. Expected that September 1 dollar-down-and-up scenario would be played today, which it was. Got a perfect short entry at 1.3394 with SL 7 pips, but moved to SL to small profit too early and did not re-enter when SL was hit on a re-test. Not the first time being too conservative cost me a lot of unearned money. Risk/return was amazing there, given that price may not return to 1.34 for many months, so it was essentially almost a free bet.
*whining mode off*

Anyway, today could mean one of the two things. 1) Dollar is back; then look at the beginning of September to see how it would develop (for GU, maybe even March). 2) It is a deep retrace from the important technical levels across almost every USD pair (EU/GU/AU/NU/UJ were all at the multi-month highs/lows), to shake off buyers and trap sellers, and USD sell-off will continue after this setback.

To me, 1 looks more likely, but next few sessions should show the direction.
  • #560,533
  • Nov 23, 2020 11:54am Nov 23, 2020 11:54am
Quoting Maximumheigh
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
Loading some shorts here again
  • #560,534
  • Nov 23, 2020 11:55am Nov 23, 2020 11:55am
Quoting TerpFan2
So, Nice Retracement, since not checking in for 'few days. (Good for you, u say). 'Went North w/Asia Last Night & knew we'd breach the 1.3300's -Nice Run. Now my Bulls -(After getting Slaughtered), Have Run over the Lake on the 1min Cloud. Then they Turned back & TooK a Drink for awhile, at the Lake. Now on the 5 Min' they are running to that Lake at the 50/61.8 for some more water. Once i think they get there, they & the Bears & the Orderbook will tell Us, Do the Run Further "North" or do the Orderbooks get crammed back w/Sales again, for the Bears....
I am here for the humor ..

You must be using Eco charts that accommodates live stocks
  • #560,535
  • Nov 23, 2020 12:03pm Nov 23, 2020 12:03pm
Quoting JayBag
{quote} I am here for the humor .. You must be using Eco charts that accommodates live stocks
That's the Key JayBag...

You know it,
It's all about 'popping in here', w/some humor, late in the day...

The Market's gonna do what it's gonna do. Eco Charts - I must admit, you got me there,
(except for the bulls), I'll have to check that. Just Metatrader-4 & 5 and some other
add'tl charting at times.

I'm trying to just pop-in more w/the humor,
Rather than make plans of what the market Should do.

My Best Jay
I will work to Objectively Identify my Edges
  • #560,536
  • Nov 23, 2020 12:04pm Nov 23, 2020 12:04pm
Quoting nessus94
Good to add longs, any drop is a buy
i am with you
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Nov 23 17-27-34.png Size: 38 KB

I hedged my positions
Le$$ I$ More
  • #560,537
  • Nov 23, 2020 12:13pm Nov 23, 2020 12:13pm
Quoting Roszey
{quote} i am with you {image} I hedged my positions
Out of curiosity: what is the difference between hedging in this way and just closing a position? I would think closing is actually better as you won't pay overnight swaps.
  • #560,538
  • Nov 23, 2020 12:13pm Nov 23, 2020 12:13pm
Added more shorts @ 13315
Que Sera
  • #560,539
  • Nov 23, 2020 12:14pm Nov 23, 2020 12:14pm
Quoting Maximumheigh
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
good call
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 55 KB
yes yes yes
  • #560,540
  • Nov 23, 2020 12:20pm Nov 23, 2020 12:20pm
HI evre one here
It was a good start for the week.
Tomorrow at LO will start with you.
Good luck
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