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Cable Update (GBPUSD)

  • #562,681
  • Dec 1, 2020 1:21pm Dec 1, 2020 1:21pm
Quoting epzero
I'm back from my vacation, so cable hasn't reached 1.35 since, what a pity, well i'll just wait for a retest and go with the fall from 1.34 area.
Welcome back..
Le$$ I$ More
  • #562,682
  • Dec 1, 2020 1:27pm Dec 1, 2020 1:27pm
Quoting Roszey
{quote} Welcome back..
thanks my friend hope you have been having fun
  • #562,683
  • Dec 1, 2020 1:27pm Dec 1, 2020 1:27pm
Quoting genadi
why gu is going up????
In part because, retail are short, and have been for quite sometime.
https://www.forexfactory.com/trades

Apparently 1.32 was the top

and,

then it wasn't.....

It's a crazy market.

Some names have been made

While others, have just been made...
Compulsions can be hard to resist
  • #562,684
  • Dec 1, 2020 1:29pm Dec 1, 2020 1:29pm
Bullish SW formed above the WOP. Easy trade to take
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Dec 01 19-25-32.png Size: 61 KB
Le$$ I$ More
  • #562,685
  • Dec 1, 2020 1:31pm Dec 1, 2020 1:31pm
Quoting epzero
{quote} thanks my friend hope you have been having fun
yeah. kind of.
Trading is becoming boring though these days.
Le$$ I$ More
  • #562,686
  • Dec 1, 2020 2:24pm Dec 1, 2020 2:24pm
Easy money 113 pips
gj
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 42 KB
yes yes yes
  • #562,687
  • Dec 1, 2020 2:37pm Dec 1, 2020 2:37pm
Quoting Roszey
i expect people to ask intelligent questions like " How did you pick the trade?" or " What strategy are you using?" Instead people the choice to ask dumb questions... "Demo account?" Very sad... {image} As you can also see more retail traders selling. So it true that 90% of traders lose.
it is such an irony when they know that the crowd is the loser but the way they trade is still the same like the crowd.
Dangdut is a music of my country
  • #562,688
  • Dec 1, 2020 2:37pm Dec 1, 2020 2:37pm
Quoting Roszey
{quote} yeah. kind of. Trading is becoming boring though these days.
500pips buy isn't that bad for a month
  • #562,689
  • Dec 1, 2020 2:47pm Dec 1, 2020 2:47pm
Quoting Coreg2004
{quote} Catempire, that's the expectation if GU closes on a daily basis above 1.3391...I am a day trader and I use the daily chart only to tell me where possible zones of reversal are...
Thanks for the reply, appreciated.
Que Sera
  • #562,690
  • Dec 1, 2020 2:49pm Dec 1, 2020 2:49pm
Congratulations to all the bulls here that caught the move!

I guess both good trades today (short from 1.34 to 1.333 at least and long once 1.3315 held) were clear and high-probability. I only caught the first one, mainly because I have short medium-term bias, but also because I don't want to pay a hundred of pips (whatever my stop is) in case the UK-EU talks break down suddenly.

What next? I think 1.348 is very high probability, sustained break above 1.35... I don't think so. As discussed here many times, 1.35 area is a huge supply zone, and breaking it will be difficult. Brexit still dominates the price movements, and without a deal (which I don't expect to happen this week unfortunately) we should expect a correction lower soon.
  • #562,691
  • Dec 1, 2020 3:05pm Dec 1, 2020 3:05pm
Quoting Roszey
strong daily Engulfing pattern.. more bulls coming... {image}
I guess you don't need my advise given your success, but seeing you want to continue taking longs, maybe it would be a good idea to use stops just for the next few weeks. Today, GU was sent 70 pips up by relatively insignificant Brexit news. If news come that Brexit talks failed, we can drop 200-300 pips easily in a few minutes.
  • #562,692
  • Dec 1, 2020 3:20pm Dec 1, 2020 3:20pm
Quoting VM.
{quote} I guess you don't need my advise given your success, but seeing you want to continue taking longs, maybe it would be a good idea to use stops just for the next few weeks. Today, GU was sent 70 pips up by relatively insignificant Brexit news. If news come that Brexit talks failed, we can drop 200-300 pips easily in a few minutes.
A drop will not happen

the big money is buying

every small drop will be a buy
Make money by doing the opposite of Giveachance aka loser
  • #562,693
  • Dec 1, 2020 3:21pm Dec 1, 2020 3:21pm
Retrace to 1,3390 now

and if it drop to 1,3335 then its another big buy
Make money by doing the opposite of Giveachance aka loser
  • #562,694
  • Dec 1, 2020 3:26pm Dec 1, 2020 3:26pm
Quoting KiwiTrada
{quote} swissy inverse to eu is very similar parity was attacked by bulls mid 2019 since then only 3 monthly wicks above right now she may be putting in a bottom doing the opposite @ 9000 monthly 2 taps and 1 wick all in the last 4 months, possible bottom building, which doesn't bode well for eu bulls :-) I guessing 1 2000 being her top, could be worth eyeball 1 1981 at the moment!!!
swissy finally wavering 9000 eu 1 2000 bo needs to be confirmed with todays close, still potential to pullback quickly to 1 2000, I have just entered long swissy 8995 sl just below october lows, will wait to see if eu starts pulling back,
If you are new to Forex? Say Goodbye to your account!!
  • #562,695
  • Dec 1, 2020 3:30pm Dec 1, 2020 3:30pm
Quoting KiwiTrada
{quote} swissy finally wavering 9000 eu 1 2000 bo needs to be confirmed with todays close, still potential to pullback quickly to 1 2000, I have just entered long swissy 8995 sl just below october lows, will wait to see if eu starts pulling back,
You expect a 70 pips drop in euro with all sessions closed ?
We have seen everything lol

never never ever it will happen

bo is confirmed
Make money by doing the opposite of Giveachance aka loser
  • #562,696
  • Dec 1, 2020 3:32pm Dec 1, 2020 3:32pm
[quote=nessus94;13291551]{quote} A drop will not happen the big money is buying every small drop will be a buy[/quote\]

“a drop will not happen”

These forums are clearly not good for your judgement. I sense you have a bias made 98% from wanting to be right. Not good.
Que Sera
  • #562,697
  • Dec 1, 2020 3:36pm Dec 1, 2020 3:36pm
Quoting nessus94
{quote} A drop will not happen the big money is buying every small drop will be a buy
Big money was buying before Brexit referendum. Did it help?
The market convinced itself that a UK-EU deal is coming, and is positioning accordingly. If talks break down, these positions will be closed in a hurry creating a big sell pressure.
  • #562,698
  • Dec 1, 2020 3:37pm Dec 1, 2020 3:37pm
[quote=Catempire;13291561]
Quoting nessus94
{quote} A drop will not happen the big money is buying every small drop will be a buy[/quote\] “a drop will not happen” These forums are clearly not good for your judgement. I sense you have a bias made 98% from wanting to be right. Not good.
I have been right so far
and all of you shorting will lose

brexit is a good excuse to make you short
and you are jumping with both feet lol

thats why forex factory = retailer = dumb money
Make money by doing the opposite of Giveachance aka loser
  • #562,699
  • Dec 1, 2020 3:39pm Dec 1, 2020 3:39pm
Quoting VM.
{quote} Big money was buying before Brexit referendum. Did it help? The market convinced itself that a UK-EU deal is coming, and is positioning accordingly. If talks break down, these positions will be closed in a hurry creating a big sell pressure.
They were selling on the way up
its different

now they are buying dips

if by any miracles you see 1,30 or 1,29 you need to bet your house
Make money by doing the opposite of Giveachance aka loser
  • #562,700
  • Dec 1, 2020 3:44pm Dec 1, 2020 3:44pm
gold looking very interesting, daily she broke south from a bullish pennant last tuesday and about to retest the bo Im thinking 1820ish as its a falling tl anywhere between now and there could be the retest presently 1815 silver also struggling with psych level 24 00 presently 24 04, going to be very interesting day
If you are new to Forex? Say Goodbye to your account!!
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