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Cable Update (GBPUSD)

  • #561,641
  • Nov 27, 2020 6:26am Nov 27, 2020 6:26am
Quoting VM.
{quote} Teasing the bears? Not the safest practice.
i know what you mean - but i NEED my orders filled.
In tea leaves we trust!
  • #561,642
  • Nov 27, 2020 6:27am Nov 27, 2020 6:27am
ABC correction finished, over to the bulls now , failure to break key support 3300
Follow The Markets Structure - Patience and Discipline
  • #561,643
  • Nov 27, 2020 6:27am Nov 27, 2020 6:27am
add pathic euro to the list of weak dollar plays. its building.
In tea leaves we trust!
  • #561,644
  • Nov 27, 2020 6:27am Nov 27, 2020 6:27am
4hr.
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Last line of defense at 1.3305....
Lost....
  • #561,645
  • Nov 27, 2020 6:27am Nov 27, 2020 6:27am
Quoting pipfarm
ABC correction finished, over to the bulls now
Nope. Bulltrap.
Que Sera
  • #561,646
  • Nov 27, 2020 6:29am Nov 27, 2020 6:29am
i hope shorts have loaded below here so we can go back to 1,34 again
Make money by doing the opposite of Giveachance aka loser
  • #561,647
  • Nov 27, 2020 6:29am Nov 27, 2020 6:29am
if ny does powder, london does pot. i went market orders.

i also shorted usdcad
In tea leaves we trust!
  • #561,648
  • Nov 27, 2020 6:30am Nov 27, 2020 6:30am
Quoting Catempire
Tom Demarks magnetic line trading Making a trend reading H4 chart from right to left using the nearest 2 candles which are lower than 2 candles on either side... Confirmed sell on a new H4 candle opened clearly below the trend. Taking the highest point within the 2 candles (Red horizontal) and following it down (yellow) to the trend (black) gives us our target. 13398.1 - 13314 = 84.1 pips lower Newest H4 candle opened at 13319.5 13319.5 - 84.1 = 13235.4 target.. S3 and support around same area. Anyone remember Kiwioz on these boards ? The same technique...

Not all trends are equal, some are corrective, there in lays the danger of assuming all trends are good
Follow The Markets Structure - Patience and Discipline
  • #561,649
  • Nov 27, 2020 6:31am Nov 27, 2020 6:31am
Quoting Mcbeaners
if ny does powder, london does pot. i went market orders. i also shorted usdcad

Good job , i have been following that myself and gbpaud short
Follow The Markets Structure - Patience and Discipline
  • #561,650
  • Nov 27, 2020 6:31am Nov 27, 2020 6:31am
when a picture in your head becomes true, so many times, so strong, one day i will be milionaire..;D yesterday said small buy until 1.3380, and will be small drop, but Monday should be more...my thinking was stupid simple, what doesn't go up, go down, price action on daily was coiling, but resistant was to stong, trend line, resistant line, round number, and daily harmonic bearish,4h double top,.. enough confluence, plus price behaving like I imagined, and maybe saw somewhere before..so if its looks like a duck, and sounds like a duck, should be a duck.. but like a said selling its not my strongest part, but you can do it with smaller size..
  • #561,651
  • Nov 27, 2020 6:34am Nov 27, 2020 6:34am
... finding support at top of that prev 1hr/4hr sw lo zone down to 3293 around the 61.8% fib of the 3263-3398 move up....just shy of the next 1hr/4hr asc t/line... 1hr below.

62% of 30 day adr travelled so far today and so far this week only 50% 13 wk awr. Intraday so far is bearish but per fractal analysis 1hr/4hr remain rangy, dly/wkly still in general fractal uptrends. 20/50/100 ema crosses as below.
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Trader with an Edge.
  • #561,652
  • Nov 27, 2020 6:35am Nov 27, 2020 6:35am
Quoting Catempire
{quote} Nope. Bulltrap.

In a rising trend , in this case daily through H4 and H1 any failure to break support is a correction , therefore bear trap, hence retails always think a corrective trend is a reversal
Follow The Markets Structure - Patience and Discipline
  • #561,653
  • Nov 27, 2020 6:35am Nov 27, 2020 6:35am
Quoting pipfarm
{quote} Not all trends are equal, some are corrective, there in lays the danger of assuming all trends are good
There is no such thing as a holy grail unless you can control people... however the more people that can see it the more viable it is.

Did you read his papers ?
Que Sera
  • #561,654
  • Nov 27, 2020 6:37am Nov 27, 2020 6:37am
keeping the love near home - i went short usdmxn as well. it has the best build out of all of them.
In tea leaves we trust!
  • #561,655
  • Nov 27, 2020 6:39am Nov 27, 2020 6:39am
Quoting Catempire
{quote} There is no such thing as a holy grail unless you can control people... however the more people that can see it the more viable it is. Did you read his papers ?

I have no idea what you are referring to
Follow The Markets Structure - Patience and Discipline
  • #561,656
  • Nov 27, 2020 6:39am Nov 27, 2020 6:39am
anyone trade the ftse? you want to be long here-ish. the pot smoking boyz are buying it hard.
In tea leaves we trust!
  • #561,657
  • Nov 27, 2020 6:41am Nov 27, 2020 6:41am
Quoting pipfarm
{quote} I have no idea what you are referring to
"Not all trends are equal, some are corrective, there in lays the danger of assuming all trends are good"

Trends are good, as good as any other indicator which has a % fail rate & no one said all trends are good anyways. Which is clear to see if you read the papers which relate to the post on which you commented on
Que Sera
  • #561,658
  • Nov 27, 2020 6:41am Nov 27, 2020 6:41am
Quoting Catempire
Seems to me that even if the bulls are to see their higher target on an intraday wild (13500?) swing on some positive Brexit bullshit I think its highly likely this goes lower first... Bulls are tiring... had 4 weeks of consistant rises, struggled to break or even touch 13400 (which is quite rare being so close for so long). Certainly tiring... can see this dropping pretty swiftly once the bears finally get a hold and the Bulls stop for a tea break... today or next week ?
Intra-month timing would probably favour a different scenario: move up at the end of the month on possible dollar-negative flows, and then all the way down from December 1st. See what happened exactly one quarter ago.

Having said that, Brexit may get in the way. Maybe it's too early to say no deal is inevitable, but a temporary breakdown in talks is almost a sure thing in my opinion. And it may well happen over the weekend.
  • #561,659
  • Nov 27, 2020 6:42am Nov 27, 2020 6:42am
... you can see on daily (dark blue zone below current ptice) those prev sw hi's x 2 zone = prev res = pot (potential) rbs....this may well be difficult to break thru to the downside for the bears, but they may get some brexit update help ? dly below.
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Trader with an Edge.
  • #561,660
  • Nov 27, 2020 6:47am Nov 27, 2020 6:47am
Quoting Catempire
{quote} There is no such thing as a holy grail unless you can control people... however the more people that can see it the more viable it is. Did you read his papers ?
go to tradingview chat
people are claiming they have 100% success work for hedge funds but they cannot tell which way the pair is heading

the world of trading is full of funny retards
Make money by doing the opposite of Giveachance aka loser
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