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Cable Update (GBPUSD)

  • #560,961
  • Nov 25, 2020 5:27am Nov 25, 2020 5:27am
Quoting Moty
{quote} switched to long , closed it for 15 pips loss after i was in 83 pips floating loss twice {image}
yup. one can agrue my bear trap comment earlier, they pushed way lower then i expected(i guess i should have seen it coming based on yesterday and more recent trading). fair dinkum.

but this is a good bear trap.
In tea leaves we trust!
  • #560,962
  • Nov 25, 2020 5:27am Nov 25, 2020 5:27am
Quoting pipcenturion
{quote} Please be careful bro. This stuff is gonna sell until 1.3160 or lower. Anyway, you know the drill. Please trade safe!
Thanks bro.. However, I doubt we going to retrace to the said handle.. We have a bull setup on H1 and I will observe till end of day to see if it will materialize..

I will better decide by end of day.. Until then, I am on the bullion van.. (don’t leave me )

Lets see bro..
SS
  • #560,963
  • Nov 25, 2020 5:29am Nov 25, 2020 5:29am
Uk Chancellor's (finance minister's) effective mini Autumn Budget (so called 'Autumn statement') scheduled to begin at 12.30pm gmt. Start time could run late as it follows PMQ's in House of Commons. Come on splash the cash Rishi - it's only money ! We never even have to repay it. This ff.com calendar has it later ?
Trader with an Edge.
  • #560,964
  • Nov 25, 2020 5:31am Nov 25, 2020 5:31am
Quoting Mcbeaners
{quote} yup. one can agrue my bear trap comment earlier, they pushed way lower then i expected(i guess i should have seen it coming based on yesterday and more recent trading). fair dinkum. but this is a good bear trap.
You do know the bear trap is below. What you talking about is a bull trap.
  • #560,965
  • Nov 25, 2020 5:32am Nov 25, 2020 5:32am
Quoting Moty
{quote} switched to long , closed it for 15 pips loss after i was in 83 pips floating loss twice {image}
better long 1.329
  • #560,966
  • Nov 25, 2020 5:38am Nov 25, 2020 5:38am
Quoting Schweet
{quote} You do know the bear trap is below. What you talking about is a bull trap.
we'll see.
In tea leaves we trust!
  • #560,967
  • Nov 25, 2020 5:38am Nov 25, 2020 5:38am
Outplaced my take profit by a measly fraction of a pip on yesterdays long, you hate to see it
None the less still very much bullish on cable, price is still in a stepping up phase and will even look to add for another push. Still holding yesterdays long so will take half size and adjust tp.
Attached Image (click to enlarge)
Click to Enlarge Name: f58d0b2a1fd7e243b7bdaeabd0e76b41.png Size: 45 KB


Edit: Same 1HR Setup will have formed on the close of candle, pushing price out of the bands and below the %R before instantly pulling back up. My money is on a bull move.
  • #560,968
  • Nov 25, 2020 5:39am Nov 25, 2020 5:39am
Quoting Mcbeaners
{quote} we'll see.
What do you mean we’ll see ?? It’s fallen 75 pips since then
Que Sera
  • #560,969
  • Nov 25, 2020 5:43am Nov 25, 2020 5:43am
Quoting Catempire
{quote} What do you mean we’ll see ?? It’s fallen 75 pips since then
In tea leaves we trust!
  • #560,970
  • Nov 25, 2020 5:45am Nov 25, 2020 5:45am
https://www.mql5.com/en/charts/12991...ctivtrades-plc

for the record this is the bear trap that i refer.
In tea leaves we trust!
  • #560,971
  • Nov 25, 2020 5:48am Nov 25, 2020 5:48am
heading out shortly - do want to be here. will be cupping my hand to my ear and listening for any screams. on kidding good luck folks.
In tea leaves we trust!
  • #560,972
  • Nov 25, 2020 5:49am Nov 25, 2020 5:49am
Quoting Mcbeaners
https://www.mql5.com/en/charts/12991...ctivtrades-plc for the record this is the bear trap that i refer.
you can directly attach the pic here.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #560,973
  • Nov 25, 2020 5:49am Nov 25, 2020 5:49am
Quoting b_hand
{image}
Looking at USDX we have broken pennant at bottom and now we are in retest...

Probably top and bottom fake on GBPUSD?
Now pennant seems just a rectangle accumulation
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.png Size: 51 KB
  • #560,974
  • Nov 25, 2020 5:50am Nov 25, 2020 5:50am
Quoting sgkrishn
{quote} you can directly attach the pic here.
thanks - i'm a noob.
In tea leaves we trust!
  • #560,975
  • Nov 25, 2020 5:50am Nov 25, 2020 5:50am
Quoting Mcbeaners
https://www.mql5.com/en/charts/12991...ctivtrades-plc for the record this is the bear trap that i refer.
Ok Trend line not Resistance line
  • #560,976
  • Nov 25, 2020 5:50am Nov 25, 2020 5:50am
Another drop to 297 is ahead.
  • #560,977
  • Nov 25, 2020 5:51am Nov 25, 2020 5:51am
Quoting kk300
Another drop to 297 is ahead.
agree on that..

i may buy it just for scalp.
  • #560,978
  • Nov 25, 2020 5:53am Nov 25, 2020 5:53am
Quoting Mcbeaners
https://www.mql5.com/en/charts/12991...ctivtrades-plc for the record this is the bear trap that i refer.
Those candles were formed after your comment ? and not at 13380 like you said.

Anyways. Gl mate.
Que Sera
  • #560,979
  • Nov 25, 2020 5:53am Nov 25, 2020 5:53am
spot the fractal - go!
Attached Image (click to enlarge)
Click to Enlarge Name: e832eb5e8684d31b4886823c28d094d3.png Size: 240 KB
twitter: @gettoefl
  • #560,980
  • Nov 25, 2020 5:54am Nov 25, 2020 5:54am
took 15 pips , switched to short again
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 31 KB
yes yes yes
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