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Cable Update (GBPUSD)

  • #561,081
  • Nov 25, 2020 10:07am Nov 25, 2020 10:07am
Quoting L.m
{quote} Apart the rumors that keep on popping up, to go short is quite risky at the moment. This is the perfect spot to start a final accumulation process for the mid term targets 1.37/1.40
Not only it's the perfect spot but now PA too suggest we're in an accumulation process
  • #561,082
  • Nov 25, 2020 10:07am Nov 25, 2020 10:07am
Quoting Georginson
{quote} You will get your wish eventually... It will take 10 trade days to accumulate 300 pips rise but will only take 2 trade days to accumulate 300 pips drop. Any rise is a sell in the remaining part of 2020.
still holding your short from 13376 ?
Que Sera
  • #561,083
  • Nov 25, 2020 10:11am Nov 25, 2020 10:11am
Quoting kuroro001
Very big volume GU on top at the fix Alongside with big bullish volume for the dollar Again rule #1 don't buy such big volume on top (GU), don't sell big volume on bottom (DXY) But its me
how many trades (and at what levels) do you hold?
  • #561,084
  • Nov 25, 2020 10:12am Nov 25, 2020 10:12am
Quoting Catempire
{quote} still holding your short from 13376 ?
I hold with zero fear.
Data + Stat + Risk/Emotions Management
  • #561,085
  • Edited 10:37am Nov 25, 2020 10:13am | Edited 10:37am
It is very clear in here that certain longer term bears' analysis of the fundie/global macro environment is either wrong or too early re the effects of such a conclusion. In trading you have to be right at the right time because being right at the wrong time is the same as being wrong. It's a little surprising too because the technicals were so bullish which is really all you need to know...if you start mixing the two - ie techs and fundies you can get mixed signals. It still favours an upside break of that major t/line ie it is the greater probability from a technical perspective but this does not mean to say it wuill happen. As usual - just trade what you see - not what you think should happen.
Trader with an Edge.
  • #561,086
  • Nov 25, 2020 10:13am Nov 25, 2020 10:13am
Quoting Georginson
{quote} I hold with zero fear.
where is you SL
  • #561,087
  • Nov 25, 2020 10:14am Nov 25, 2020 10:14am
Quoting gatenio
{quote} so you saying on friday we down 300 from now? {image}
Not saying a specific day... The context is when it is ready to crash it is usually aggressive.
Data + Stat + Risk/Emotions Management
  • #561,088
  • Nov 25, 2020 10:15am Nov 25, 2020 10:15am
Quoting Georginson
{quote} I hold with zero fear.
...' cause you did what you did for Maria...' (I thought the pressure had got to you and you had started quoting song lyrics !
Trader with an Edge.
  • #561,089
  • Nov 25, 2020 10:15am Nov 25, 2020 10:15am
Quoting achv
{quote} where is you SL
My stop is 1.3535.
Data + Stat + Risk/Emotions Management
  • #561,090
  • Nov 25, 2020 10:16am Nov 25, 2020 10:16am
Quoting genadi
{quote} how many trades (and at what levels) do you hold?
For now, just one like i said at 3375
I will wait before adding, and if it drops as i want i'll add on the way down
COT: The precious data ignored
  • #561,091
  • Nov 25, 2020 10:16am Nov 25, 2020 10:16am
Quoting Georginson
{quote} Not saying a specific day... The context is when it is ready to crash it is usually aggressive.
what is you sl for this prediction?
  • #561,092
  • Nov 25, 2020 10:16am Nov 25, 2020 10:16am
Quoting Georginson
{quote} I hold with zero fear.
I hear you. Because you trust your conviction.

gl.
Que Sera
  • #561,093
  • Nov 25, 2020 10:16am Nov 25, 2020 10:16am
Quoting Headland
{quote} ...' cause you did what you did for Maria...' (I thought the pressure had got to you and you had started quoting song lyrics !
Hilarious...
Data + Stat + Risk/Emotions Management
  • #561,094
  • Edited 10:31am Nov 25, 2020 10:21am | Edited 10:31am
“Engage people with what they expect; it is what they are able to discern and confirms their projections. It settles them into predictable patterns of response, occupying their minds while you wait for the extraordinary moment — that which they cannot anticipate.”
― Sun Tzu,

The art of war
Follow The Markets Structure - Patience and Discipline
  • #561,095
  • Nov 25, 2020 10:22am Nov 25, 2020 10:22am
Quoting Headland
It is very clear in here that certain longer term bears' analysis of the fundie/global macro environment is either wrong or too early re the effects of such a conclusion. In trading you have to be right at the right time because being right at the wrong time is the same as being wrong. It's a little surprising too because the technicals were so bullish which is really all you need to know...if you start mixing the two - ie techs and fundies you can get mixed signals. It still favours and upside break of that major t/line ie it is the greater probability...
Not speaking out of turn I presume.

my first position is currently at break evens.

people calling the bull this morning were 75 points down during the day.. of course now it’s up they congratulate themselves for being right. Yet this was the price when shouting up, this morning.

shouting g up at the top of a range ??

let’s talk when the bears from here are >75 down

there is a long term trend and a big elephant in the room one in which most are completely ignoring whilst zoomed into their 30 minute chart.

if you take out my stop I’ll congratulate you. Gl
Que Sera
  • #561,096
  • Nov 25, 2020 10:23am Nov 25, 2020 10:23am
Mardona is dead
  • #561,097
  • Nov 25, 2020 10:25am Nov 25, 2020 10:25am
why gbb strong ?
  • #561,098
  • Nov 25, 2020 10:26am Nov 25, 2020 10:26am
Guys I know this is off-topic, and I am directing this question to EU traders. Based on your experience, which realiable broker allows you to trade on MT4 ame allows you to up to 1:200 or 1:400 leverage?
  • #561,099
  • Nov 25, 2020 10:31am Nov 25, 2020 10:31am
Quoting Catempire
Just moved my stops to 13503 would be a big hit if it triggered, can’t see it but stranger shit has happened.
lol thats where the tl your working to is
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #561,100
  • Edited 4:58pm Nov 25, 2020 10:32am | Edited 4:58pm
Quoting Catempire
{quote} Not speaking out of turn I presume. my first position is currently at break evens. people calling the bull this morning were 75 points down during the day.. of course now it’s up they congratulate themselves for being right. Yet this was the price when shouting up, this morning. shouting g up at the top of a range ?? let’s talk when the bears from here are >75 down there is a long term trend and a big elephant in the room one in which most are completely ignoring whilst zoomed into their 30 minute chart. if you take out my stop I’ll congratulate...

As I've said many times, I have no pre-conceived bullish or bearish bias - ever ...I just follow the technicals wherever they take me - and point to what is the greater probability per my edge - up or down, I don't care, - when they don't - I stay flat/out of market until they do, consistent with my edge. I certainly never get emotionally involved with the market nor let my ego get involved in it. Even if your read of the fundamentals is right, (I have no idea, I just know the perceived wisdom on any given outcome re the big fundie themes at play at the moment, but none of us know what will actually happen because it hasn't happened yet) it doesn't mean that there won't be bullish action in such a £ negative scenario. I was just being provocative.
Trader with an Edge.
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