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Cable Update (GBPUSD)

  • #560,881
  • Nov 25, 2020 2:51am Nov 25, 2020 2:51am
loaded up more @ 3332
In tea leaves we trust!
  • #560,882
  • Nov 25, 2020 2:54am Nov 25, 2020 2:54am
Quoting Maximumheigh
Good day friends. Hoping for a nice drop today. From now till December ending, I am looking for opportunity to sell.
This is the drop. offloaded some shorts. More downward move sited. Buyers Beware!!!!
  • #560,883
  • Nov 25, 2020 2:54am Nov 25, 2020 2:54am
Sining off.

Bulls keep those stops tight we all know how quickly this one can drop

(especially when it’s been rising for 6 months)

gl
Que Sera
  • #560,884
  • Nov 25, 2020 2:58am Nov 25, 2020 2:58am
you know the drill
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yes yes yes
  • #560,885
  • Edited 3:18am Nov 25, 2020 3:00am | Edited 3:18am
Quoting Vincent1
{quote} That's why I don't like platforms when I draw trendlines In this case can be easy to take a pancil and a paper (old school) Please Bones, tell me if I'm right and if datas are correct The first top was in November 2007 at 2.1161 Second top in July 2014 at 1.7191 (That are the information from my broker) The difference betwen them is 80 months and 3970 pips 3970/80 = this trendline has a slope of 49.625 pips per month Now, November 2020 are 156 months from November 2007 So 49.625 x 156 = 7741,5 pips At the and we have 2.1161 - 0.7741 = 1.3420...
yea you are right ,its very long distance I wonder myself where it is
It has not touched it even on the monthly, but people will bend that line.

Precision puts it at 13500 ,which is major
Thats on the quarterly where I think a line like that is drawn ,I doubt anyone use math like that .
It's about the deal
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #560,886
  • Nov 25, 2020 3:01am Nov 25, 2020 3:01am
This is interesting... Been watching this area for two days. Maybe load another short?
Attached Image
  • #560,887
  • Nov 25, 2020 3:02am Nov 25, 2020 3:02am
Quoting Bones
{quote} yea you are right ,its very long distance I wonder myself where it is It has not touched it even on the monthly, but people will bend that line. Precision puts it at 13500 ,which is major Thats on the quarterly where I think a line like that is drawn ,I doubt anyone use math like that . It's about the deal {image}
Clearly doesn't "Precision puts it at 13500"

Can you show us the maths that you used for this Bones as I get it under 13400 as did Vincent
Que Sera
  • #560,888
  • Nov 25, 2020 3:04am Nov 25, 2020 3:04am
60 minute bearish outside bar, i wonder

trick for the bears or treat for the bulls?
Follow The Markets Structure - Patience and Discipline
  • #560,889
  • Nov 25, 2020 3:06am Nov 25, 2020 3:06am
Quoting Catempire
{quote} Clearly doesn't "Precision puts it at 13500" Can you show us the maths that you used for this Bones as I get it under 13400 as did Vincent
Don't forget I'm assuming Bones is using IG prices, not real market prices. I have it at a little under 1.34 too FXCM prices.
A fool and his money are easily parted
  • #560,890
  • Nov 25, 2020 3:09am Nov 25, 2020 3:09am
Quoting MozzChops
{quote} Don't forget I'm assuming Bones is using IG prices, not real market prices. I have it at a little under 1.34 too FXCM prices.
Yeah few pips here and there but not 100. Lol

id love to see his maths.
Que Sera
  • #560,891
  • Nov 25, 2020 3:11am Nov 25, 2020 3:11am
message to the bulls. price projections please. i'm seeing 1.397 and then 1.3414. im thinking the latter. share your thoughts
In tea leaves we trust!
  • #560,892
  • Nov 25, 2020 3:14am Nov 25, 2020 3:14am
Quoting pipfarm
60 minute bearish outside bar, i wonder trick for the bears or treat for the bulls?
i think bears have a lot of room for today, but i wont bet on them.
give me the dips bears..
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  • #560,893
  • Nov 25, 2020 3:18am Nov 25, 2020 3:18am
Quoting Mcbeaners
message to the bulls. price projections please. i'm seeing 1.397 and then 1.3414. im thinking the latter. share your thoughts

Letz not count our chickens before they are hatched, it might not go up after that bearish engulfing bar, so be prepared but if it does i would be aiming for the weekly resistance at 4382 and see how it reacts at that point.

There is a possibility this sideways action is accumulation for shorts so always be prepared

A 4H close below 3330 would invalidate the long scenario for now
Follow The Markets Structure - Patience and Discipline
  • #560,894
  • Nov 25, 2020 3:22am Nov 25, 2020 3:22am
Quoting Catempire
{quote} Yeah few pips here and there but not 100. Lol id love to see his maths.
oh crap yeah not 100 pips lol
A fool and his money are easily parted
  • #560,895
  • Nov 25, 2020 3:25am Nov 25, 2020 3:25am
i will be ready to sell GU inside the zone between 1.3470 to 1.3590 for a big drop

dollar should strength once GU and EU make new highs
  • #560,896
  • Nov 25, 2020 3:27am Nov 25, 2020 3:27am
Quoting pipfarm
{quote} Letz not count our chickens before they are hatched, it might not go up after that bearish engulfing bar, so be prepared but if it does i would be aiming for the weekly resistance at 4382 and see how it reacts at that point. There is a possibility this sideways action is accumulation for shorts so always be prepared
getting ahead of myself is what i do.

when i say its being bought i'm looking at the completed orders not price nor candles. the mini double top @ 1.33791 is a bear trap.
In tea leaves we trust!
  • #560,897
  • Nov 25, 2020 3:28am Nov 25, 2020 3:28am
Quoting Mcbeaners
{quote} getting ahead of myself is what i do. when i say its being bought i'm looking at the completed orders not price nor candles. the mini double
top @ 1.33791 is a bear trap.

Where do you get the information for completed orders?
Follow The Markets Structure - Patience and Discipline
  • #560,898
  • Nov 25, 2020 3:33am Nov 25, 2020 3:33am
from the 6B futures. can't trade without looking at the futures, you need a homogenise market. the rest is in the sauce.
In tea leaves we trust!
  • #560,899
  • Nov 25, 2020 3:34am Nov 25, 2020 3:34am
Quoting Mcbeaners
{quote} getting ahead of myself is what i do. when i say its being bought i'm looking at the completed orders not price nor candles. the mini double top @ 1.33791 is a bear trap.
How can it be a bear trap on top? please explain
Make money by doing the opposite of Giveachance aka loser
  • #560,900
  • Nov 25, 2020 3:37am Nov 25, 2020 3:37am
Quoting nessus94
{quote} How can it be a bear trap on top? please explain
do traders sell double tops and resistance failures? its not rocket science and they know it.

let's watch and see.
In tea leaves we trust!
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