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Cable Update (GBPUSD)

  • #562,281
  • Dec 1, 2020 1:47am Dec 1, 2020 1:47am
Bears let's go... It's your month. Rejoice
Data + Stat + Risk/Emotions Management
  • #562,282
  • Dec 1, 2020 1:47am Dec 1, 2020 1:47am
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 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.
The fact that people living in London are trading now, doesn't mean its "London open" already.
Everyone can see the chart, but only a few can actually read it.
  • #562,283
  • Dec 1, 2020 1:48am Dec 1, 2020 1:48am
That said... Until this actually breaks (and holds) this area, it remains a short for me... once its broken and held then we can talk...

EU putting contingency plan in place tomorrow or Thursday, people will be selling heavily into all rises, why wouldn't you use the 2nd highest price all year to off load your £'s into.
Que Sera
  • #562,284
  • Dec 1, 2020 1:51am Dec 1, 2020 1:51am
Quoting Catempire
That said... Until this actually breaks (and holds) this area, it remains a short for me... once its broken and held then we can talk... EU putting contingency plan in place tomorrow or Thursday, people will be selling heavily into all rises, why wouldn't you use the 2nd highest price all year to off load your £'s into.
Why not wait for 1,37 ? Or above
Make money by doing the opposite of Giveachance aka loser
  • #562,285
  • Dec 1, 2020 1:52am Dec 1, 2020 1:52am
Quoting Catempire
{quote} 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)
I have just sold my 1st lot 3390 will add 1st tap of 3396 if it happens then final lot @ 1 34 the r&r is to good to miss, if it fails congrates to bullts, I will then be waiting for the retest from above then rinse and repeat sl,s will be spread plus a few 7 or 11 above 1 34 bbl market is moving with nothing to move it, I like, volatility means green pips
If you are new to Forex? Say Goodbye to your account!!
  • #562,286
  • Dec 1, 2020 1:54am Dec 1, 2020 1:54am
can last week's high hold or getting weak.?????
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Dec 01 07-52-44.png Size: 40 KB
Le$$ I$ More
  • #562,287
  • Dec 1, 2020 1:54am Dec 1, 2020 1:54am
Quoting nessus94
{quote} Why not wait for 1,37 ? Or above
Dude you were saying yesterday that you can only see this rising into next year and next year it might retrace lol

I think I'll stick to what I know

Hey it might go higher yet, we all know that... but it will most certainly drop like a sack of s**t
Que Sera
  • #562,288
  • Dec 1, 2020 1:56am Dec 1, 2020 1:56am
Quoting KiwiTrada
{quote} I have just sold my 1st lot 3390 will add 1st tap of 3396 if it happens then final lot @ 1 34 the r&r is to good to miss, if it fails congrates to bullts, I will then be waiting for the retest from above then rinse and repeat sl,s will be spread plus a few 7 or 11 above 1 34 bbl market is moving with nothing to move it, I like, volatility means green pips
silver just tapped 23$ gold 1790$ about to see usd reaction as typing
If you are new to Forex? Say Goodbye to your account!!
  • #562,289
  • Dec 1, 2020 1:57am Dec 1, 2020 1:57am
they are just absorbing the sellers bigtime here. strong buy imo.
In tea leaves we trust!
  • #562,290
  • Dec 1, 2020 1:57am Dec 1, 2020 1:57am
Quoting KiwiTrada
{quote} I have just sold my 1st lot 3390 will add 1st tap of 3396 if it happens then final lot @ 1 34 the r&r is to good to miss, if it fails congrates to bullts, I will then be waiting for the retest from above then rinse and repeat sl,s will be spread plus a few 7 or 11 above 1 34 bbl market is moving with nothing to move it, I like, volatility means green pips
R:R is second to none from this level for sure.
Que Sera
  • #562,291
  • Dec 1, 2020 2:01am Dec 1, 2020 2:01am
Quoting JayBag
I have 1.33747 as a boundary. The minute we have a H1 close above this handle, I think that's it for the roof. Time to wait and see what happens. SS
We have the close. It’s a goodby for bears from this point. ‘Approach with extreme caution should you wish to short it for keeps’

I actually just just took a double shot of Gin for this close

Bull party in town
SS
  • #562,292
  • Dec 1, 2020 2:02am Dec 1, 2020 2:02am
Quoting JayBag
{quote} We have the close. It’s a goodby for bears from this point. ‘Approach with extreme caution should you wish to short it for keeps’ I actually just just took a double shot of Gin for this close Bull party in town SS
Bit late in the morning for a double isn't it... I'm already half a bottle in, only been awake 20 minutes....
Que Sera
  • #562,293
  • Dec 1, 2020 2:03am Dec 1, 2020 2:03am
Quoting nessus94
{quote} Why not wait for 1,37 ? Or above
1.32 being the bottom of the new weekly range, 1,37 could be a breeze.. I also have 1.37146 as a target.. I think it’s just 3 of us thinking of such a number ..

Hope more people will join in
  • #562,294
  • Dec 1, 2020 2:04am Dec 1, 2020 2:04am
Quoting Catempire
{quote} Bit late in the morning for a double isn't it... I'm already half a bottle in, only been awake 20 minutes....
Damnn it .. I should really up my game ..
I tend to consume too slow.
  • #562,295
  • Dec 1, 2020 2:06am Dec 1, 2020 2:06am
last chance to join the bulls train
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 30 KB
yes yes yes
  • #562,296
  • Dec 1, 2020 2:07am Dec 1, 2020 2:07am
glad i was awake to catch this. might retrace for the US to get in.
In tea leaves we trust!
  • #562,297
  • Dec 1, 2020 2:08am Dec 1, 2020 2:08am
Attached Image (click to enlarge)
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gbp usd cant break trendline from 2007-2020 so guaranteed sell unless it break 1.34350
  • #562,298
  • Dec 1, 2020 2:08am Dec 1, 2020 2:08am
More sell added at 1.3404
... Now we take it down to 1.3180
Data + Stat + Risk/Emotions Management
  • #562,299
  • Dec 1, 2020 2:11am Dec 1, 2020 2:11am
Wow, we broke that range! 1.35-1.37 still in play.

Lets see if we get an hourly close above 1.34 otherwise could be a short term bull trap!
  • #562,300
  • Dec 1, 2020 2:11am Dec 1, 2020 2:11am
Nice double top to start the month of December off with...

Ho Ho Ho

Que Sera
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