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Cable Update (GBPUSD)

  • #561,201
  • Nov 26, 2020 2:07am Nov 26, 2020 2:07am
classic consolidation for 3 days before reversing .
drop like you just don't care.
1.33000 in clear target
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 30 KB
Click to Enlarge Name: dx1.png Size: 48 KB
yes yes yes
  • #561,202
  • Nov 26, 2020 2:09am Nov 26, 2020 2:09am
Quoting b_hand
{quote} I'm short. Dxy D1 looking to the upside. {image}
I’m with you, once we break out of this rising wedge we should see a different movement.
Que Sera
  • #561,203
  • Nov 26, 2020 2:12am Nov 26, 2020 2:12am
closing my long for now.
In tea leaves we trust!
  • #561,204
  • Nov 26, 2020 2:13am Nov 26, 2020 2:13am
If this 3 day consolidation was a bear trap, what could be the delay for a bullish breakout?

Not enough stops accumulated?
A new week?
Forget about the news. Nothing happened from the Fomc.
You can do it!
  • #561,205
  • Nov 26, 2020 2:13am Nov 26, 2020 2:13am
Buyers look to be tiring.

still hasn’t touched 13400
Que Sera
  • #561,206
  • Nov 26, 2020 2:14am Nov 26, 2020 2:14am
Quoting Maximumheigh
{quote} I am leaving my short trades till London open tomorrow. No breakout and FOMC release was indifferent.
Good morning friends. Still on my short trades from yesterday. There is still no breakout. I will be offloading some shorts around soon.
  • #561,207
  • Nov 26, 2020 2:14am Nov 26, 2020 2:14am
Quoting Mcbeaners
closing my long for now.
Good man. Come to the dark side.
Que Sera
  • #561,208
  • Nov 26, 2020 2:15am Nov 26, 2020 2:15am
short term tape is saying down. i'll watch for a new entry.
In tea leaves we trust!
  • #561,209
  • Nov 26, 2020 2:16am Nov 26, 2020 2:16am
Quoting Mcbeaners
short term tape is saying down. i'll watch for a new entry.
Just watch the wedge ??

you may be able to long within the range - around 13325 / 13390
Que Sera
  • #561,210
  • Nov 26, 2020 2:17am Nov 26, 2020 2:17am
Quoting Loey
{quote} Hi mate, are you still camping on 1822 gold? Anyway for GU, I got stopped out of my short, weird PA, it seems to want to move higher despite being at important levels. We cant even break down to 1.338.. So I will just be watching. Good luck bulls and bears.
yes sir, i manage to take long 1802 to 1812.
now im watching it to 1822 zone but i wont enter blindly just will join the rally. i dont like to sell ‘safe-heaven’ in covid days when im using s/r, sw zone.
  • #561,211
  • Nov 26, 2020 2:17am Nov 26, 2020 2:17am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 29 KB
yes yes yes
  • #561,212
  • Nov 26, 2020 2:17am Nov 26, 2020 2:17am
Each to their own style of trading

Here on the chart i have marked all the trades taken recently , most were posted live and do not forget my gold trade for 600 pips plus i trade other pairs to the same effect.

I think its enough to say that trading short term setups can be very profitable

As for this current trade on cable , i am not happy with the current pa but for me its a free trade as the stop is covered , i could of taken 60 pips but i will stick with it in solidarity with my fellow long traders.

The point is that eventually we will lose a trade at the top as the trend will not run in the same direction for ever and i accept that.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 33 KB
Follow The Markets Structure - Patience and Discipline
  • #561,213
  • Nov 26, 2020 2:18am Nov 26, 2020 2:18am
oooh i think i just fecked up...
In tea leaves we trust!
  • #561,214
  • Nov 26, 2020 2:18am Nov 26, 2020 2:18am
Quoting Moty
classic consolidation for 3 days before reversing . drop like you just don't care. 1.33000 in clear target {image} {image}
Hi Moty,

Pardon me, I had to redesign your chart. I think those 3 provocations signals a new level in the making.
We all know GU is the king of 'whipsaw' so I am not surprised by these sweeps to attract more sellers..

Lastly and most importantly, I cant tell you or anyone else what to do because i could be entirely wrong.
I can only share my views and why i think we ready for a new level..

StaySafe M
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 37 KB
  • #561,215
  • Nov 26, 2020 2:19am Nov 26, 2020 2:19am
Quoting Catempire
{quote} Just watch the wedge ?? you may be able to long within the range - around 13325 / 13390
thanks but think i might have to get back in here. watching.
In tea leaves we trust!
  • #561,216
  • Nov 26, 2020 2:22am Nov 26, 2020 2:22am
Quoting Mcbeaners
{quote} thanks but think i might have to get back in here. watching.
Well tbf you been talking about every insti in the world buying I’m surprised you were so easily shaken.

cant be that convinced.
Attached Image (click to enlarge)
Click to Enlarge Name: 938CBD96-AD2B-4F8E-AC19-E8B65FBF1F00.png Size: 312 KB
Que Sera
  • #561,217
  • Nov 26, 2020 2:23am Nov 26, 2020 2:23am
Selles will start spamming soon!!

Le$$ I$ More
  • #561,218
  • Nov 26, 2020 2:29am Nov 26, 2020 2:29am
Quoting JayBag
{quote} Hi Moty, Pardon me, I had to redesign your chart. I think those 3 provocations signals a new level in the making. We all know GU is the king of 'whipsaw' so I am not surprised by these sweeps to attract more sellers.. Lastly and most importantly, I cant tell you or anyone else what to do because i could be entirely wrong. I can only share my views and why i think we ready for a new level.. StaySafe M {image}
i accept and respect your opinion .
i am looking at Frankfurt open big bearish candle , if it break , it will at least test the rising trend line.
1.33796 has proven it self as a massive resistance
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 34 KB
yes yes yes
  • #561,219
  • Nov 26, 2020 2:30am Nov 26, 2020 2:30am
Today.

either range bound or slow sell off which picks up pace as the day goes on (imo)

bulls have had 4 days to try and crack new highs & failed & this is well due a pullback.
Que Sera
  • #561,220
  • Nov 26, 2020 2:32am Nov 26, 2020 2:32am
Quoting Catempire
{quote} Well tbf you been talking about every insti in the world buying I’m surprised you were so easily shaken. cant be that convinced. {image}
no i just misread my chart. my concern is around the US being off line. my guess i'm misplaced on that but ready to re-enter long when the uk boyz are done with this move.
In tea leaves we trust!
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