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Cable Update (GBPUSD)

  • #560,981
  • Nov 25, 2020 5:57am Nov 25, 2020 5:57am
Quoting Catempire
{quote} Those candles were formed after your comment ? and not at 13380 like you said. Anyways. Gl mate.
please read my posts. i refer to my brand new bear trap comment not the one i made 3 hours ago. as stated my first one was premature. some news or something is in the works imo. they have been buying this all the way down.

you too.
In tea leaves we trust!
  • #560,982
  • Nov 25, 2020 5:58am Nov 25, 2020 5:58am
Quoting Schweet
{quote} Ok Trend line not Resistance line
we can agree on that.
In tea leaves we trust!
  • #560,983
  • Nov 25, 2020 6:00am Nov 25, 2020 6:00am
Quoting YoungET
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. {image} 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.
Like your chart...do you mind me asking what your yellow channels are ? Work well in ranging conditions re breeches of them, don't they?
Trader with an Edge.
  • #560,984
  • Nov 25, 2020 6:00am Nov 25, 2020 6:00am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20201125_12.00.png Size: 94 KB
Que Sera
  • #560,985
  • Nov 25, 2020 6:03am Nov 25, 2020 6:03am
GBPUSD - H4

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 27 KB
Together we can be strongest
Vantage Return This Month: na
  • #560,986
  • Nov 25, 2020 6:05am Nov 25, 2020 6:05am
13232 first target off that H4
Que Sera
  • #560,987
  • Nov 25, 2020 6:06am Nov 25, 2020 6:06am
Quoting Mcbeaners
{quote} please read my posts. i refer to my brand new bear trap comment not the one i made 3 hours ago. as stated my first one was premature. some news or something is in the works imo. they have been buying this all the way down. you too.
But you said said it with so much conviction.......your first bear trap.
  • #560,988
  • Nov 25, 2020 6:06am Nov 25, 2020 6:06am
Quoting Headland
{quote} Like your chart...do you mind me asking what your yellow channels are ? Work well in ranging conditions re breeches of them, don't they?
It's BDX ADR made by the user R4M here: https://www.forexfactory.com/robots4me

I don't typically trade ranging markets, or at least try not to. Have found price can whip about and retest multiple times hitting stops far more often when using it in those kind of conditions. Found it far more beneficial when you see price come down/up and pushing out the bands when they're respectively in a stepping formation then using whatever method you wish to trigger the trade. Get far cleaner moves as you can see on the GU chart there.
  • #560,989
  • Nov 25, 2020 6:08am Nov 25, 2020 6:08am
Tom Demarks Magnetic lines.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20201125_12.07.png Size: 121 KB
Que Sera
  • #560,990
  • Nov 25, 2020 6:10am Nov 25, 2020 6:10am
Quoting Schweet
{quote} But you said said it with so much conviction.......your first bear trap.
too much conviction - sign of death. yes i know. if i keep guessing i'll get it right at some point.
In tea leaves we trust!
  • #560,991
  • Nov 25, 2020 6:10am Nov 25, 2020 6:10am
too many shorts in the thread
i will buy more
Make money by doing the opposite of Giveachance aka loser
  • #560,992
  • Nov 25, 2020 6:10am Nov 25, 2020 6:10am
Quoting YoungET
{quote} It's BDX ADR made by the user R4M here: https://www.forexfactory.com/robots4me I don't typically trade ranging markets, or at least try not to. Have found price can whip about and retest multiple times hitting stops far more often when using it in those kind of conditions. Found it far more beneficial when you see price come down/up and pushing out the bands when they're respectively in a stepping formation then using whatever method you wish to trigger the trade. Get far cleaner moves as you can see on the GU chart there.
Thanks for that. Sounds like a good strategy...you may find my thread useful here re trading edges: Why Traders lose money and how to start being consistently profit | Forex Factory I am adding more info to it when I get the inclination. Re ranges, yeh, I like them as for me it's a case of buy @ support, sell @ res on set-ups (if they develop) on t/f's below that of the ranging conditions. - and you are only wrong once - when it starts trending again lol ! Equally trends are very tradable too obviously.
Good Luck to you.
Trader with an Edge.
  • #560,993
  • Nov 25, 2020 6:16am Nov 25, 2020 6:16am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 39 KB
yes yes yes
  • #560,994
  • Nov 25, 2020 6:28am Nov 25, 2020 6:28am
Quoting Schweet
{quote} Ok Trend line not Resistance line
btw here is chart of resistance based off volume profile on 6B cable futures. i don't refer to it enough.

https://www.tradingview.com/x/9W6bUNH7/
In tea leaves we trust!
  • #560,995
  • Nov 25, 2020 6:31am Nov 25, 2020 6:31am
'Morning Afternoon or Evening, "All"...

GJ (Sorry, not GU),
Appears to have some "Batman" going on, w/the Daily,
and obviously 'extrapolated on the Hr. 4 here, (below).
'Don't usually go for H & Shoulders & "Such", Unless they are
backed up by a Fib or Elliot Wave-Set Stuff, being played out.
-Not a "Give-In" in my book, and it appears like an A-B-C a little 'North',
at the very moment.

Attached Image (click to enlarge)
Click to Enlarge Name: 11_25_2020 GJ Short off of Apparent Weakening Dow and GU Pause.png Size: 82 KB


Of course, we have US News Here in an hr, Then the Pausing, "Dow".
That could help us w/Dollar Retracing or Strengthening back, just a 'tad'?
-"We Shall See",


Happy Trading, "All".
I will work to Objectively Identify my Edges
  • #560,996
  • Nov 25, 2020 6:31am Nov 25, 2020 6:31am
Inserted Video
Le$$ I$ More
  • #560,997
  • Nov 25, 2020 6:34am Nov 25, 2020 6:34am
Inserted Video

Inserted Video
Le$$ I$ More
  • #560,998
  • Nov 25, 2020 6:39am Nov 25, 2020 6:39am
Quoting Roszey
https://www.youtube.com/watch?v=eI9Wec_Mem0

For sure he has the one dimensional trading syndrome , very funny video , good post
Follow The Markets Structure - Patience and Discipline
  • #560,999
  • Nov 25, 2020 6:40am Nov 25, 2020 6:40am
Quoting Arief-
Long 1.3294 SL 1.3260 TP 1.3433 {image}
add more 1.3307 --> 1.3411

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 40 KB
  • #561,000
  • Nov 25, 2020 6:43am Nov 25, 2020 6:43am
[quote=Moty;13281840]

Hammer-Time "About-Now", Please, Moty...
When U Can...

I think some Wave-Set's are 'Hopefully', about "Up",
and 'Could Sure Use that Hammer About Now,
-When U Can. !

Jeff out
I will work to Objectively Identify my Edges
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