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Cable Update (GBPUSD)

  • #562,401
  • Dec 1, 2020 3:59am Dec 1, 2020 3:59am
Quoting Moty
{quote} take the money and run , you got lucky to gain from this bears trap {image}
why are you not trading? Not confident of the Bulls?
  • #562,402
  • Dec 1, 2020 3:59am Dec 1, 2020 3:59am
1.33731 is calling
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  • #562,403
  • Dec 1, 2020 4:01am Dec 1, 2020 4:01am
... 1hr bearish engulf of last 6 close/4hr bearish bodied hammer close on gmt+2 feed.
Trader with an Edge.
  • #562,404
  • Dec 1, 2020 4:02am Dec 1, 2020 4:02am
Quoting Moty
{quote} take the money and run , you got lucky to gain from this bears trap {image}
Friend, a very strong bearish hammer just formed on 4hr timeframe. I am looking for opportunity to short this and not buy for now. Every pullback is a sell for me. IMO
  • #562,405
  • Dec 1, 2020 4:02am Dec 1, 2020 4:02am
Bulls get over to the darkside
Attached Image
Que Sera
  • #562,406
  • Dec 1, 2020 4:03am Dec 1, 2020 4:03am
Quoting Maximumheigh
{quote} Offloaded some shorts. More downward move coming. Alot of untest Ss down there. A little pullback, I will load more shorts. IMO {image}
this type of trading will put your in trouble on day.. you were holding your shorts as the market moving up..
99.9% persistence
  • #562,407
  • Dec 1, 2020 4:04am Dec 1, 2020 4:04am
Todays open (monthly open) is still a heavy support on which efforts to break have been futile for days. trend still remains bullish technically. my 2 cents

Edit: however both FTSE and DAX PA does support a bearish reversal here on GBP for now.
  • #562,408
  • Dec 1, 2020 4:08am Dec 1, 2020 4:08am
Quoting gatenio
{quote} OA, base on what you predict the time? bars counting?
End of year profit taking.
Everyone can see the chart, but only a few can actually read it.
  • #562,409
  • Dec 1, 2020 4:08am Dec 1, 2020 4:08am
Quoting Moty
{quote} take the money and run , you got lucky to gain from this bears trap {image}
Friend, a very strong bearish hammer just formed on 4hr timeframe. I am looking for opportunity to short this and not buy for now. Every pullback is a sell for me. IMO
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  • #562,410
  • Dec 1, 2020 4:08am Dec 1, 2020 4:08am
Quoting Catempire
Bulls get over to the darkside {image}
Bulls currently run this game.. MM just trying to indulge a few more bears. Let's not mistake GU's volatility for a bearish sign
Let's give it time and the story will change for good..

SS
  • #562,411
  • Dec 1, 2020 4:09am Dec 1, 2020 4:09am
Quoting OnlineAddict
{quote} End of year profit taking.
so there is no TA behind it?
  • #562,412
  • Dec 1, 2020 4:11am Dec 1, 2020 4:11am
Quoting Ehsank78
{quote} why are you not trading? Not confident of the Bulls?
i am long at gold , dx is weak so it's a party at everything else
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yes yes yes
  • #562,413
  • Dec 1, 2020 4:12am Dec 1, 2020 4:12am
Old Tl now declining up moves i hope the bears can hold the down side for a while.
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Keep the Lights on then you can catch the rise from the dark.
  • #562,414
  • Dec 1, 2020 4:12am Dec 1, 2020 4:12am
Quoting Maximumheigh
{quote} Friend, a very strong bearish hammer just formed on 4hr timeframe. I am looking for opportunity to short this and not buy for now. Every pullback is a sell for me. IMO
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yes yes yes
  • #562,415
  • Dec 1, 2020 4:12am Dec 1, 2020 4:12am
Quoting zuluremys
{quote} this type of trading will put your in trouble on day.. you were holding your shorts as the market moving up..
Friend, let not your heart be troubled. I have my trading strategy. I entered at 1.3382 and 1.3389. The price only moved about 15 to 19pips against me. Furthermore I have my SL and price has not yet broken my R at 1.3405. What do you think is trading?
  • #562,416
  • Dec 1, 2020 4:12am Dec 1, 2020 4:12am
Quoting gatenio
{quote} so there is no TA behind it?
There is...its all things coming together, both technical and fundamental.

Might be wrong, of course.
Everyone can see the chart, but only a few can actually read it.
  • #562,417
  • Dec 1, 2020 4:21am Dec 1, 2020 4:21am
Quoting OnlineAddict
{quote} There is...its all things coming together, both technical and fundamental. Might be wrong, of course.
nobody is perfect , we are all right basically.. every one on the thread is making good calls, the timing is what is wrong
i have the same view, 1.305 my target, just waiting to my 4h to flip sides.. right now bulls holding this trend for too long time since 03 November.
  • #562,418
  • Dec 1, 2020 4:26am Dec 1, 2020 4:26am
yup !!
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  • #562,419
  • Dec 1, 2020 4:26am Dec 1, 2020 4:26am
I opened a trade last week @ 1.325, closed it in loss yesterday

I opened another trade yesterday 1.331, struggling to close it.


Of course in between I opened many trades and made profit
  • #562,420
  • Dec 1, 2020 4:27am Dec 1, 2020 4:27am
Quoting Moty
{quote} take the money and run , you got lucky to gain from this bears trap {image}
nope, dont forget the NFP this week. 1.32 will be hit.
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