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Cable Update (GBPUSD)

  • #560,701
  • Nov 24, 2020 7:00am Nov 24, 2020 7:00am
Yes Moty,

It tooK a while...
Last night i left my Bulls "Stranded" in that Stinky Red-River & Cut them Loose...
They Ran like Crazy w/London UP the Hill this Morning Before i could get up.

LooKing at a 4hr Chart it "Appeared" to me as more of a "B",
-Rather than a Fresh Wave-Set to Attack the Top, (Previous High).

Attached Image (click to enlarge)
Click to Enlarge Name: 11_24_2020 GBP_USD 4hr Appears to ONLY Be a Wave B.png Size: 53 KB


So I hired Some BEARs,
That's Right, i hired some BEARS to Chase them Bulls back down to the Lake / River.
They are "huddled" on the 15 Min Side of the Lake, -thinking they are "SAFE",
but on the 30 min Chart they don't REALIZE the are just over the Water's EDGE,
and the SILVER LINE is ABOUT to Cross the RED Line. -Then if it Closes outside of the Pond,
the BEARs will Come Running AFTER the BULLS & Chase them FURTHER Down the ROAD!!

Attached Image (click to enlarge)
Click to Enlarge Name: 11_24_2020 GBP_USD Short w BEARS Chasing Bulls Over the Lake.png Size: 200 KB


This Could be bad. My poor bulls are going to get really Jacked Up by those Bears,
But they needed some Exercise today. -They had it too good last night & this Morning.

My Best Gang,
Enjoy the Show... We'll see what happens today!
I will work to Objectively Identify my Edges
  • #560,702
  • Nov 24, 2020 7:16am Nov 24, 2020 7:16am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #560,703
  • Nov 24, 2020 7:17am Nov 24, 2020 7:17am
H1 showing 3 subdivisions of the 4H correction , now do i want to get involved in this short , the answer is no because support is still intact and its possible this correction turns into a 5 swing triangle, before price moves up again, so currently price is still within a range

Same on most majors , no support or resistance areas of any significance have been broken so trends are still intact


And closing my gold short for 650 pips as it is nearing an important support area
Follow The Markets Structure - Patience and Discipline
  • #560,704
  • Nov 24, 2020 7:19am Nov 24, 2020 7:19am
i'm not trading it today (we'll see i guess ha ha). have a look at usdcad short.... for the win.
In tea leaves we trust!
  • #560,705
  • Nov 24, 2020 7:22am Nov 24, 2020 7:22am
Quoting pipfarm
H1 showing 3 subdivisions of the 4H correction , now do i want to get involved in this short , the answer is no because support is still intact and its possible this correction turns into a 5 swing triangle, before price moves up again, so currently price is still within a range Same on most majors , no support or resistance areas of any significance have been broken so trends are still intact
more long at 1,3325
Make money by doing the opposite of Giveachance aka loser
  • #560,706
  • Nov 24, 2020 7:24am Nov 24, 2020 7:24am
Quoting OnlineAddict
{quote} I am missing the correlation to my post.
sorry, no correlation,

i just remembered when you were fighting with many guys few months ago and told them that BTC will rice one day,
and all those people who told that crypto is dead and will never rise
  • #560,707
  • Nov 24, 2020 7:25am Nov 24, 2020 7:25am
Quoting genadi
{quote} sorry, no correlation, i just remembered when you were fighting with many guys few months ago and told them that BTC will rice one day, and all those people who told that crypto is dead and will never rise
Not with me, I am not trading crypto.
Everyone can see the chart, but only a few can actually read it.
  • #560,708
  • Nov 24, 2020 7:32am Nov 24, 2020 7:32am
Quoting genadi
{quote} BTC is 19k now

Easy money there if anyone is trading it and knows what they are doing
Follow The Markets Structure - Patience and Discipline
  • #560,709
  • Nov 24, 2020 7:41am Nov 24, 2020 7:41am
Top of the day guys,

1.33296 placed a few more longs there.

SS
  • #560,710
  • Nov 24, 2020 7:42am Nov 24, 2020 7:42am
Quoting pipfarm
{quote} Easy money there if anyone is trading it and knows what they are doing
I’d like to think BTC is doing a PR with such moves .. Soon, it will have more traders keeping an eye on it..
  • #560,711
  • Nov 24, 2020 7:55am Nov 24, 2020 7:55am
Quoting Maximumheigh
{quote} More downward move sited. Buyers take care!
More downward move still in the bag. gradually we will get there. market volatility abit low.
Attached Image (click to enlarge)
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  • #560,712
  • Nov 24, 2020 7:55am Nov 24, 2020 7:55am
...just updating charts and seeing what I missed since my trading session ended a few hrs ago. Quite a 'stepped' move down from current dly hi on 5min to that prev 1hr sw lo zone down to today's current lo where support was encountered. 1hr is below. So far today price is within y/day's daily candle and @ 56% 30day adr. So far this week 50% 13 week awr, and so far this mth 103% 3mth amr.

Could be a tweezer top in the making on dly ? see how it closes.
Attached Image (click to enlarge)
Click to Enlarge Name: 57c9bf72143c99bb4bdd1f80242b235c.png Size: 52 KB
Trader with an Edge.
  • #560,713
  • Nov 24, 2020 7:57am Nov 24, 2020 7:57am
Opened more shorts.

all stops over 13410
Que Sera
  • #560,714
  • Nov 24, 2020 8:00am Nov 24, 2020 8:00am
Quoting nessus94
{quote} more long at 1,3325
use safety belt to 1.32
  • #560,715
  • Nov 24, 2020 8:01am Nov 24, 2020 8:01am
Quoting pipfarm
{quote} Easy money there if anyone is trading it and knows what they are doing
what is your prediction ?

move to 30k and then back to 1k or even less?
  • #560,716
  • Nov 24, 2020 8:02am Nov 24, 2020 8:02am
Quoting Maximumheigh
{quote} More downward move still in the bag. gradually we will get there. market volatility abit low. {image}
Offloading some shorts here. More downward move coming. 1.324x still untested
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (12).png Size: 35 KB
  • #560,717
  • Nov 24, 2020 8:02am Nov 24, 2020 8:02am
Quoting genadi
{quote} what is your prediction ? move to 30k and then back to 1k or even less?
Back to $1k ??
Que Sera
  • #560,718
  • Nov 24, 2020 8:03am Nov 24, 2020 8:03am
does look like da boyz have closed their longs and now loading up short. this little micro rally is being sold imo.

ok i just might short it.
In tea leaves we trust!
  • #560,719
  • Nov 24, 2020 8:07am Nov 24, 2020 8:07am
Quoting Catempire
{quote} Back to $1k ??
yes
  • #560,720
  • Nov 24, 2020 8:08am Nov 24, 2020 8:08am
Quoting genadi
{quote} yes
no chance.

bitcoin is around to stay.
Que Sera
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