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Cable Update (GBPUSD)

  • #562,821
  • Dec 2, 2020 3:16am Dec 2, 2020 3:16am
Quoting Moty
dx will reverse at the 38.2 retrace area , and then the gu will shut up {image}
Gold touched 1826. do you see it falling now?
  • #562,822
  • Dec 2, 2020 3:16am Dec 2, 2020 3:16am
are bears fully in ?
so bulls can bring it up ?
Make money by doing the opposite of Giveachance aka loser
  • #562,823
  • Dec 2, 2020 3:16am Dec 2, 2020 3:16am
Quoting Schweet
Today's fundamental is tomorrows technical.
I'll drink to that
Que Sera
  • #562,824
  • Dec 2, 2020 3:17am Dec 2, 2020 3:17am
Attached Image (click to enlarge)
Click to Enlarge Name: go.png Size: 39 KB
yes yes yes
  • #562,825
  • Dec 2, 2020 3:17am Dec 2, 2020 3:17am
Quoting Moty
{image}
Hi Moty

may i please have your pivot indicator?

Thanks
You can do it!
  • #562,826
  • Dec 2, 2020 3:19am Dec 2, 2020 3:19am
Quoting Kampion
{quote} Hi Moty may i please have your pivot indicator? Thanks
here
Attached File(s)
File Type: mq4 sdx-tzpivots_3.mq4   23 KB | 321 downloads
yes yes yes
  • #562,827
  • Dec 2, 2020 3:19am Dec 2, 2020 3:19am
Quoting nessus94
are bears fully in ? so bulls can bring it up ?
I think they are fully in.
Let me know when to make the call
  • #562,828
  • Dec 2, 2020 3:20am Dec 2, 2020 3:20am
Quoting Catempire
{quote} I agree with you whole heartedly ... fundamentals drive the price... they are the catalyst to make something move. The problem with perceived technical WITHOUT understanding which fundamentals could push prices in which direction is by the time techs tell you to sell it is already 200 pips lower, yet if you understand the fundamentals you can see that coming.
I use fundies but don't try to catch tops or bottoms just follow the trend. There are times when maybe I miss the first 200 pips but pound pairs have legs of 1000+ pips and stacking on trades (and also if not staking) I can't blame not to make good profits.
For this leg up, TA showed entries starting from 1.27, 25 pips from the bottom, not so common but it happens.

For the moment I'm on the side lines, 'cause the market is just waiting a final response about Brexit before moving and is risky to keep on adding longs, but that's just me. From a technical point of view 1,37 needs to be tested, of course if the next 5 minutes Barnier says it's all over and there's no deal, we can say 1,37 goodbuy.

Right now both bulls and bears are right, the market is ranging. But unless you give higher odds for a no deal going short is very risky

Edit: I checked my first entry, it's 1,2745. 70 pips from the bottom not 25, but still not that much
  • #562,829
  • Dec 2, 2020 3:21am Dec 2, 2020 3:21am
... strong pullback from the prev 30min sw lo zone reaches 38.2% of the fall....
Trader with an Edge.
  • #562,830
  • Dec 2, 2020 3:25am Dec 2, 2020 3:25am
Quoting JayBag
{quote} According to my TA, it would have retested 1.3366 (the breakout point) with news or without it. Needless to say, I was expecting a retest before we go full bullish. NEWS remains petrol while TA shows the way. We have debated this for years and years TA shows the way, News bring in the fuel needed. question is, are you fully short now or considering longs? SS

Agree , price always returns to its point of origin/base after the breakout of the correction before moving up again i have seen this a 1000s of times.
Follow The Markets Structure - Patience and Discipline
  • #562,831
  • Dec 2, 2020 3:27am Dec 2, 2020 3:27am
Quoting JayBag
{quote} I think they are fully in. Let me know when to make the call
if 1,3356 fails to contain the bears then 1,3290 can try

below is not good but hey who knows
Make money by doing the opposite of Giveachance aka loser
  • #562,832
  • Dec 2, 2020 3:29am Dec 2, 2020 3:29am
Quoting L.m
{quote} I use fundies but don't try to catch tops or bottoms just follow the trend. There are times when maybe I miss the first 200 pips but pound pairs have legs of 1000+ pips and stacking on trades (and also if not staking) I can't blame not to make good profits. For this leg up, TA showed entries starting from 1.27, 25 pips from the bottom, not so common but it happens. For the moment I'm on the side lines, 'cause the market is just waiting a final response about Brexit before moving and is risky to keep on adding longs, but that's just me. From...

I guess from my perspective, living in the UK, understanding what these politicians are like et al I believe the chances of a no deal are far higher probability than many believe, that is made and decided off nothing more than my own understanding of the situation.

I do not trust the media, or other brokers... everyone has an agenda depending on what you are reading & social media is similarly a tunnel vision of our own pre existing bias.

I think there is a hgih probability that the UK are asking for more than the EU can deliver without tearing the EU apart hence I think a no deal is fairly likely and as much as it may be incredibly stupid to walk away from the EU with no deal I do believe these politicians are that stupid.
Que Sera
  • #562,833
  • Dec 2, 2020 3:31am Dec 2, 2020 3:31am
GU will probably go deeper once gold falls.
Attached Image (click to enlarge)
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  • #562,834
  • Dec 2, 2020 3:32am Dec 2, 2020 3:32am
cable not ready to go up yet.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #562,835
  • Dec 2, 2020 3:33am Dec 2, 2020 3:33am
Break retest continuation , it is an integral part of price action experienced technical traders are fully aware of and use to capitalize on the current move

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 38 KB
Follow The Markets Structure - Patience and Discipline
  • #562,836
  • Dec 2, 2020 3:34am Dec 2, 2020 3:34am
Quoting pipfarm
{quote} Agree , price always returns to its point of origin/base after the breakout of the correction before moving up again i have seen this a 1000s of times.
Only a TA trader would understand this concept because it's a normal occurrence for BO's.
Only a matter of time, bears will leave the thread for bulls again

SS
  • #562,837
  • Dec 2, 2020 3:36am Dec 2, 2020 3:36am
Quoting nessus94
{quote} if 1,3356 fails to contain the bears then 1,3290 can try below is not good but hey who knows
Agree. I am and my household currently stacking at these levels and will continue should we reach around 1.3290
Patience is the only thing standing required

SS
  • #562,838
  • Dec 2, 2020 3:36am Dec 2, 2020 3:36am
Quoting bluesushi
GU will probably go deeper once gold falls. {image}
will Gold fall that is the question
  • #562,839
  • Dec 2, 2020 3:37am Dec 2, 2020 3:37am
Quoting pipfarm
Break retest continuation , it is an integral part of price action experienced technical traders are fully aware of and use to capitalize on the current move {image}
tbf i would hope inexperienced have a grasp of that one too.
Que Sera
  • #562,840
  • Dec 2, 2020 3:38am Dec 2, 2020 3:38am
Quoting gatenio
{quote} do i need to answer that now?
I am totally speechless...

...but I was expected today up for oil and down for gold ) , and I do like this: 1777.77
dolce vita
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