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Cable Update (GBPUSD)

  • #562,261
  • Dec 1, 2020 1:22am Dec 1, 2020 1:22am
1.3395 last resistance for bear, taking a short with 35pips sl targeting 160ppis
Keep the Lights on then you can catch the rise from the dark.
  • #562,262
  • Dec 1, 2020 1:25am Dec 1, 2020 1:25am
All in sell. full margin. TP 1.32. end of story.
  • #562,263
  • Dec 1, 2020 1:25am Dec 1, 2020 1:25am
Quoting nessus94
You guys are trapped with Bears it is Time to break the 1,34 for good
bears have feasted on 1 3400 bull meat for 2 years mate so what if bull finally breaks it, it cost them dearly :-)
If you are new to Forex? Say Goodbye to your account!!
  • #562,264
  • Dec 1, 2020 1:27am Dec 1, 2020 1:27am
nice.. now i go with sell.. if hold it became double top on 1w TF
Trade what you see, not what you think.. react and stay sharp..
  • #562,265
  • Dec 1, 2020 1:32am Dec 1, 2020 1:32am
Opened another final lot @3386.4 sl 420
Que Sera
  • #562,266
  • Dec 1, 2020 1:33am Dec 1, 2020 1:33am
Something feels odd with this spike. No volumefor hours now. And the spike candles have no volume from 15mins to 4hrs. I think no need to rush into a buy. We may yet still hit the daily pivot at 3338. London soon.
  • #562,267
  • Dec 1, 2020 1:34am Dec 1, 2020 1:34am
Quoting KiwiTrada
{quote} I have sold eu 1 1963 7 pip sl may drop or kill me 7 pips is acceptable risk
chit should have waited until 1 1968 last months open damit will try again, that pop just took out 2 of my trailing stops
If you are new to Forex? Say Goodbye to your account!!
  • #562,268
  • Dec 1, 2020 1:34am Dec 1, 2020 1:34am
3383 short term support 3397 resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-12-01_02-33-09.png Size: 169 KB
In tea leaves we trust!
  • #562,269
  • Dec 1, 2020 1:35am Dec 1, 2020 1:35am
Quoting navk
{quote} moty, beware of daily open today. Bearish open. I would prefer to short at R1. with stop above yesterday high.
the diffrence between daily open and daily pivot is 2-3 in favor of the daily pivot .
this is not a exect scient
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 19 KB
yes yes yes
  • #562,270
  • Dec 1, 2020 1:37am Dec 1, 2020 1:37am
Quoting Catempire
Some people really want this up don't they.. they must have bloody deep pockets
the closer to 1 3396 the smaller sl required!!!!
If you are new to Forex? Say Goodbye to your account!!
  • #562,271
  • Dec 1, 2020 1:37am Dec 1, 2020 1:37am
...hit desc t/lines and that prev 1hr/4hr/dly sw hi = prev res = pot res zone to 3398 at today's current hi...supply found there...a break north of these and that and into the bottom of that prev dly/wkly/mthly sw hi zone to 3482 then 3514.
Trader with an Edge.
  • #562,272
  • Dec 1, 2020 1:37am Dec 1, 2020 1:37am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 35 KB
Attached Image (click to enlarge)
Click to Enlarge Name: go.png Size: 35 KB
yes yes yes
  • #562,273
  • Dec 1, 2020 1:40am Dec 1, 2020 1:40am
Quoting KiwiTrada
{quote} the closer to 1 3396 the smaller sl required!!!!
Very true.. Who wouldn't go short in such an area......

Even just based on the last 8 days trading, buying here has proved pretty futile. (so far)
Que Sera
  • #562,274
  • Dec 1, 2020 1:40am Dec 1, 2020 1:40am
Quoting Moty
{image}{image}
trouble start now... moty is bullish
In tea leaves we trust!
  • #562,275
  • Dec 1, 2020 1:41am Dec 1, 2020 1:41am
and yes da boys are buying it hard here... look up... way up.
In tea leaves we trust!
  • #562,276
  • Dec 1, 2020 1:41am Dec 1, 2020 1:41am
Quoting Moty
{image}{image}
agree with that.

yesterday gold killed my nerves.
every trade I took I was down 5 points..
today i was looking for 1782 to buy with pending, but cancel it for now.. maybe wont happen soon so I don't want to forget I have it.


careful with GU, this long story will be short soon.
  • #562,277
  • Dec 1, 2020 1:42am Dec 1, 2020 1:42am
Frankfurt fakey...careful...London might reverse this within less than a hour.
Everyone can see the chart, but only a few can actually read it.
  • #562,278
  • Dec 1, 2020 1:44am Dec 1, 2020 1:44am
Quoting OnlineAddict
Frankfurt fakey...careful...London might reverse this within less than a hour.
all in on that.
  • #562,279
  • Dec 1, 2020 1:44am Dec 1, 2020 1:44am
Quoting OnlineAddict
Frankfurt fakey...careful...London might reverse this within less than a hour.
This is a London forex move as well, equities open at 8am (re ftse) but forex is always at least 1hr earlier when traders are @ their desks...I always started at 0630 London, so did my firm and counter parties. It's true though that most volume occurs across the asset classes when they are all open.
Trader with an Edge.
  • #562,280
  • Dec 1, 2020 1:46am Dec 1, 2020 1:46am
Quoting Headland
{quote} This is a London forex move as well, equities open at 8am (re ftse) but forex is always at least 1hr earlier when traders are @ their desks...I always started at 0630 so did my firm and counter parties. It's true though that most volume occurs across the asset classes when they are all open.
FTSE opens at 7am as well for pre market auctions and trading... FTSE closes at 5:20 for post market trading.
Que Sera
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