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Cable Update (GBPUSD)

  • #561,021
  • Nov 25, 2020 7:32am Nov 25, 2020 7:32am
Quoting YoungET
{quote} Same area I'd wait till. {image}

Imho i would not short gold even after what at the moment looks like a corection as it failed to break the 1794 area support , a break of that area and retest would be a better way to go
Follow The Markets Structure - Patience and Discipline
  • #561,022
  • Nov 25, 2020 7:38am Nov 25, 2020 7:38am
Quoting pipfarm
{quote} Imho i would not short gold even after what at the moment looks like a corection as it failed to break the 1794 area support , a break of that area and retest would be a better way to go
you may right.. 1840+ possible too..
  • #561,023
  • Nov 25, 2020 7:40am Nov 25, 2020 7:40am
Quoting Apnaryk
{quote} What about Eur/Usd next..??
also down
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 37 KB
yes yes yes
  • #561,024
  • Nov 25, 2020 7:40am Nov 25, 2020 7:40am
Quoting gettoefl
spot the fractal - go! {image}
I don't see it.
You can do it!
  • #561,025
  • Nov 25, 2020 7:52am Nov 25, 2020 7:52am
Pivot levels are pivot levels. When price gets there, it is more likely to turn...even if its for 20 pips... no matter the trend
when you can accurately predict the future, you leave nothing to chance.
  • #561,026
  • Nov 25, 2020 7:58am Nov 25, 2020 7:58am
Quoting VM.
{quote} Let's see if commentator's curse applies to forex.

I was referring to the fact that there was a good chance there wouldn't be a 9th lol ! you rarely see 8+ consec on any t/f.
Trader with an Edge.
  • #561,027
  • Nov 25, 2020 8:03am Nov 25, 2020 8:03am
Quoting Headland
{quote} I was referring to the fact that there was a good chance there wouldn't be a 9th lol ! you rarely see 8+ consec on any t/f.
This way or another, you did curse it.
  • #561,028
  • Nov 25, 2020 8:11am Nov 25, 2020 8:11am
Quoting nessus94
{quote} no more upside it is the perfect time to break up
Pretty sure you said the same thing @ 13390 on Monday
Que Sera
  • #561,029
  • Nov 25, 2020 8:13am Nov 25, 2020 8:13am
Quoting Catempire
{quote} Pretty sure you said the same thing @ 13390 on Monday
it is a process
i am waiting
Make money by doing the opposite of Giveachance aka loser
  • #561,030
  • Nov 25, 2020 8:14am Nov 25, 2020 8:14am
Quoting nessus94
{quote} it is a process i am waiting
To lose money ?

seems like a useful way to spend your time
Que Sera
  • #561,031
  • Nov 25, 2020 8:16am Nov 25, 2020 8:16am
“British economy shrinks more than it has in 300 years & is soon set to leave its only trading union”

”Traders rush to buy the Pound”
Que Sera
  • #561,032
  • Nov 25, 2020 8:30am Nov 25, 2020 8:30am
Attached Image (click to enlarge)
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yes yes yes
  • #561,033
  • Nov 25, 2020 8:34am Nov 25, 2020 8:34am
Quoting Moty
{image}

why r u still holding longs if it is pointing downwards?
Keep the Lights on then you can catch the rise from the dark.
  • #561,034
  • Nov 25, 2020 8:36am Nov 25, 2020 8:36am
Quoting Maximumheigh
{quote} When will break 1.33, we will expose 1.324x. Let go!!!!
The bears are still here. still waiting for the break of 1.3300. I am still on short trades after offloading some earlier on.
  • #561,035
  • Nov 25, 2020 8:42am Nov 25, 2020 8:42am
Quoting nessus94
{quote} it is a process i am waiting

Get ready

Rest in peace Heavy D BOOOOOOOOOOOOOOOOOOOOM
Follow The Markets Structure - Patience and Discipline
  • #561,036
  • Nov 25, 2020 8:44am Nov 25, 2020 8:44am
Quoting ricmaj
{quote} why r u still holding longs if it is pointing downwards?
i am in short position
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 23 KB
yes yes yes
  • #561,037
  • Nov 25, 2020 8:46am Nov 25, 2020 8:46am
Quoting nessus94
{quote}
no more
upside it is the perfect time to break up
right now, seems you got this right!
  • #561,038
  • Nov 25, 2020 8:46am Nov 25, 2020 8:46am
same here
  • #561,039
  • Nov 25, 2020 8:46am Nov 25, 2020 8:46am
In the news today:
City is set to lose European derivative trading -- not much reaction from the market.
UK deficit for 2021 is 20% of GDP -- not important.
Negative Brexit news -- market does not care either.

Tells me two things:
1) PA is bullish for now.
2) When the market decides to become bearish (may be even today), there will be plenty of reasons for a big drop.
  • #561,040
  • Nov 25, 2020 8:51am Nov 25, 2020 8:51am
...as of y/day's daily candle close the greater probability was for further upside but so far today price is still rangy after the 1st attempt higher but the recover off that prev 1hr/4hr sw lo zone has been strong so far reaching 76.4% + of the fall. Will this greater probability play out ?...stiff pot res overhead. 1hr below.
Attached Image (click to enlarge)
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