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Cable Update (GBPUSD)

  • #562,721
  • Dec 1, 2020 6:27pm Dec 1, 2020 6:27pm
HI all
good morning from indonesia
Trade what you see, not what you think.. react and stay sharp..
  • #562,722
  • Dec 1, 2020 6:50pm Dec 1, 2020 6:50pm
In the credit world things seem to be ok with the UK- right now
Although Barnier talking tomorrow he seems to be under pressure by member states to get a deal- think he will sound hopeful but concerned re-fish/field rhetoric
Would like to see a rally into the previous swing high into the Frankfurt open
Banks starting to get itchy feet
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #562,723
  • Dec 1, 2020 6:53pm Dec 1, 2020 6:53pm
Quoting miedpreneur
HI all good morning from indonesia
good morning..

i am now going to sleep. So good night
Le$$ I$ More
  • #562,724
  • Dec 1, 2020 6:59pm Dec 1, 2020 6:59pm
Quoting Roszey
{quote} good morning.. i am now going to sleep. So good night
haha.. have a good night then..
Trade what you see, not what you think.. react and stay sharp..
  • #562,725
  • Dec 1, 2020 7:02pm Dec 1, 2020 7:02pm
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.
i don't think that gu is moving on brexit much - this all about the dollar. it ins't just gu that breaking up against the $. this move was telegraphed about a week ago and the news just the last straw.
In tea leaves we trust!
  • #562,726
  • Dec 1, 2020 7:06pm Dec 1, 2020 7:06pm
Quoting KiwiTrada
{quote} were you born in a condom, Im just suggesting virtually "all" genuine breakouts retest, I didnt give any timeframe, dont see anything funny, nothing is confirmed until bo is retested, I seen pops repeat pops, like these reverse heavily, back to retest then keep on trucking, my comments generally are pre pa moves perhaps you could do the same, retrospective comments are as much use as used condoms turned inside out
it tested 1.39 ish today - or were you thinking some deeper move is to be expected? if gu had broke up with little struggle then yes we could expect a largish move south to retest. but we have been sitting just below 140 all week. my call - this isn't coming back soon. and so far the tape during this asian session agrees with that.
In tea leaves we trust!
  • #562,727
  • Dec 1, 2020 7:25pm Dec 1, 2020 7:25pm
Quoting miedpreneur
HI all good morning from indonesia


god morning
  • #562,728
  • Dec 1, 2020 7:28pm Dec 1, 2020 7:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 39 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 41 KB
yes yes yes
  • #562,729
  • Dec 1, 2020 7:55pm Dec 1, 2020 7:55pm
Quoting Roszey
{quote} According to your website {image} and here is a real-time chart. {image}What is the difference?.. maybe I am too dumb to spot it out. Please so throw more light on it for me
I am talking bearish, bullish would be inverse, the key to engulfing is the candles open and close (body only), two candles with same open close and if the last candle drops from the open that would be double top, irrespective of where candles close (lower of course) however if the new candle opens higher (sic gapped) than the previous candle and does whatever then drops closing below the previous candle this is engulfing the new candle has a higher open than the previous candle(s) and closes lower than the previous candles open, thereby it has "engulfed" and not double topped, engulfing candles are very strong indication of possibilities but less than dojo or stars, "BUT" they are only 1 indication of many possibilities that should be consider aswell
If you are new to Forex? Say Goodbye to your account!!
  • #562,730
  • Dec 1, 2020 8:09pm Dec 1, 2020 8:09pm
Quoting TerpFan2
{quote} Some good stuff here KiwiTrada, -I had GLEANED the WEEKLY CHART, -(Below), but had thought the Daily had to play-out 1st, With a little South, first but that proved wrong today, on my view and she went Gang Busters, NORTH. On your pic, you can Note the 1st DRIVE NORTH, took a serious Retracement, -(Like you mentioned), down to the 1.14 area. However, -LooK at the Second Touch, and She Retraced only Slightly. -Known as the "Two Touch" Method, we are now set to not only pierce this level, but burst it. -(I had only seen the daily a bit tired...
I agree totally, except resistance is resistance until pa says otherwise, incidentally present weekly is almost back to wick only already, as for bigger picture if zoomed out there is possible weekly double bottom on play aug 2016 & march this year the whole bottoming pattern is in historic lows, which by all accounts sterling should be rallying considering from 1 1500 it in fact has but kept being smacked down the magic 1 34 1 35 there is nice monthly falling trendline in play right now, from 2008 gfc I have 34 & 35 as good resistance also the utl of the expanding triangle, I think monthly and weekly she is struggling therefore dangerous, if bulls succeed and it will take mighty effort 1st stop 1 4500 2nd stop 1 7000 if they fail we are back into east southeast wallowing
If you are new to Forex? Say Goodbye to your account!!
  • #562,731
  • Dec 1, 2020 8:28pm Dec 1, 2020 8:28pm
Quoting Mcbeaners
{quote} it tested 1.39 ish today - or were you thinking some deeper move is to be expected? if gu had broke up with little struggle then yes we could expect a largish move south to retest. but we have been sitting just below 140 all week. my call - this isn't coming back soon. and so far the tape during this asian session agrees with that.
Im assuming you are talking geppy, need to see how 140 plays out asia pacific mean nothing, London USA opens only I think 140 is good resistance, was resistance in august then flipped to support late august then flipped to resist early september since then 2 daily wicks above need to sit tight because 141 is next daily resistance 141 500 monthly & weekly, so bears really need to hold 140. 140 288 is last months high if that goes Im guessing cable will start to fly aswell
If you are new to Forex? Say Goodbye to your account!!
  • #562,732
  • Dec 1, 2020 8:30pm Dec 1, 2020 8:30pm
Quoting Moty
{image}{image}
Excellent trade!!
  • #562,733
  • Dec 1, 2020 9:25pm Dec 1, 2020 9:25pm
Quoting KiwiTrada
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
could be retest bo south was thinking slightly higher, tl,s can be hard to pin down to a specific level 1817 holding presently, early days still, silver 24 04 also holding thus far
If you are new to Forex? Say Goodbye to your account!!
  • #562,734
  • Edited 9:44pm Dec 1, 2020 9:34pm | Edited 9:44pm
Quoting KiwiTrada
{quote} Im assuming you are talking geppy, need to see how 140 plays out asia pacific mean nothing, London USA opens only I think 140 is good resistance, was resistance in august then flipped to support late august then flipped to resist early september since then 2 daily wicks above need to sit tight because 141 is next daily resistance 141 500 monthly & weekly, so bears really need to hold 140. 140 288 is last months high if that goes Im guessing cable will start to fly aswell
geppy - no. gu

typo 134
In tea leaves we trust!
  • #562,735
  • Dec 1, 2020 10:12pm Dec 1, 2020 10:12pm
Quoting Moty
{image} {image}
AGREED.

Break of 3432, more upside possible.

I am short with stop 3432.

Break of 3432, no long trade though.

I do not trade breakouts.
Intraday only.
  • #562,736
  • Edited Dec 2, 2020 5:48pm Dec 1, 2020 10:46pm | Edited Dec 2, 2020 5:48pm
Quoting OnlineAddict
{quote} Kpmg is now buying? Best time to sell then...this guy was selling GU below 1.20, EU below 1.0350,..... bitcoin below 20,000 and...
Retarded liar.

You were sellin below 1.20 pound

Dirty scum liar

When 1.45???

And yes I sold Bitcoin 19000 to 5-6k.
Loooong ago

And bought cheap....many times

You sad???

When 1.45??
Beware of robber banks (RB), bad advisors.
  • #562,737
  • Dec 1, 2020 10:47pm Dec 1, 2020 10:47pm
I see the same dumpfos and schmucks here


Good decision to stay away from here
Beware of robber banks (RB), bad advisors.
  • #562,738
  • Dec 1, 2020 10:57pm Dec 1, 2020 10:57pm
Quoting Mcbeaners
{quote} geppy - no. gu typo 134
oh ok I have fat fingers too and dyslexic, 134 is still in play, strong resistance, 135 possibly stronger about 80 pips away, I actually dont think it will get there, but im not mr market, going micro put a box around the last 7 days, she is trading east, and at top of that range, I have just entered short will 7 maybe even 11 pip sl it is cheap, if it pops I will rinse and repeat, all the way to 135, r/r is to good to ignore :-)
If you are new to Forex? Say Goodbye to your account!!
  • #562,739
  • Dec 1, 2020 11:01pm Dec 1, 2020 11:01pm
Quoting KiwiTrada
{quote} oh ok I have fat fingers too and dyslexic, 134 is still in play, strong resistance, 135 possibly stronger about 80 pips away, I actually dont think it will get there, but im not mr market, going micro put a box around the last 7 days, she is trading east, and at top of that range, I have just entered short will 7 maybe even 11 pip sl it is cheap, if it pops I will rinse and repeat, all the way to 135, r/r is to good to ignore :-)
also defending resistance I have also sold gold and silver a levels posted again r/r to good, also bought swissy 8986 with sl spread plus 7 defending support so my money is on the line, now I wait bbl
If you are new to Forex? Say Goodbye to your account!!
  • #562,740
  • Dec 1, 2020 11:02pm Dec 1, 2020 11:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 12-02-2020 07.00_1.jpg Size: 145 KB
yes yes yes
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