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Cable Update (GBPUSD)

  • #562,981
  • Dec 2, 2020 9:16am Dec 2, 2020 9:16am
pullback?
Attached Image (click to enlarge)
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  • #562,982
  • Dec 2, 2020 9:18am Dec 2, 2020 9:18am
Quoting Coreg2004
{quote} ...or 3350?
if you wish.

Intraday only.
  • #562,983
  • Dec 2, 2020 9:19am Dec 2, 2020 9:19am
Quoting Coreg2004
{quote} Ehsank78, what is your method of trading/investing if I may ask?
I am a newbie to trading. I am still learning from the experts here
  • #562,984
  • Dec 2, 2020 9:27am Dec 2, 2020 9:27am
Quoting Ehsank78
{quote} I am a newbie to trading. I am still learning from the experts here
do you trade live or demo ?
  • #562,985
  • Dec 2, 2020 9:28am Dec 2, 2020 9:28am
Quoting genadi
{quote} do you trade live or demo ?
Live account with small lots
  • #562,986
  • Dec 2, 2020 9:31am Dec 2, 2020 9:31am
Quoting Mcbeaners
{quote} i'm all for it giving up good trading ops. i just need more structure. GU is moving up on impulse, which for me could be hot air. until i sees something i'm not going in.
Fair enough MC. One thing I can’t get off my head is, GU is still bullish and sooner or later, we’ll see that big bull..

It can whipsaw, retest and Range all it wants.
When it’s time, it will become visible

Traders without proper MM are not advised to think of GU..

SS
  • #562,987
  • Dec 2, 2020 9:32am Dec 2, 2020 9:32am
Quoting Georginson
Common bears... New sell 1.3376 target 1.3180... 1.3010.
Georginson, on this lot you scored 80 pips in 8 trading days, quite an achievement... congratulation, swing trading pays off well...I couldn't restrain myself.
Always trade your own plan...I don't provide trading signals.
  • #562,988
  • Dec 2, 2020 9:32am Dec 2, 2020 9:32am
Quoting JayBag
{quote} GU requires a reasonable amount of patience due to whipsaw tendencies.. EU is more sustainable pair when it moves in either direction.. Id like to think that’s why it’s the most traded pair.. Anyway, GU remains our Range Rover Velar
At the risk of stating the obvious, EU is most traded pair simply because most real trade in the world is done in USD or EUR.
And this is also why EU is quite stable, not usually subject to chaotic swings.
  • #562,989
  • Dec 2, 2020 9:35am Dec 2, 2020 9:35am
Quoting JayBag
{quote} Fair enough MC. One thing I can’t get off my head is, GU is still bullish and sooner or later, we’ll see that big bull.. It can whipsaw, retest and Range all it wants. When it’s time, it will become visible Traders without proper MM are not advised to think of GU.. SS
well at the end of day - its about profits not trading ops for me. MM is the same for whatever the instrument but appreciate your input. cheers.

gu - impulse appears to be hot air and now bears have sold into it imo. its going down me thinks.
In tea leaves we trust!
  • #562,990
  • Dec 2, 2020 9:35am Dec 2, 2020 9:35am
Quoting Coreg2004
{quote} Georginson, on this lot you scored 80 pips in 8 trading days, quite an achievement... congratulation, swing trading pays off well...I couldn't restrain myself.
i closed my longs at 3337.

It will go down ( for me ) to take fresh longs.
Intraday only.
  • #562,991
  • Dec 2, 2020 9:36am Dec 2, 2020 9:36am
I understand why some say GU has reversed. But for me the key level is 1.33. As long as 1.33 holds buying the dips might work.
The setup was posted here https://www.forexfactory.com/thread/...ideas?page=483
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 12454.png Size: 36 KB
  • #562,992
  • Dec 2, 2020 9:37am Dec 2, 2020 9:37am
Quoting JayBag
{quote} Fair enough MC. One thing I can’t get off my head is, GU is still bullish and sooner or later, we’ll see that big bull.. It can whipsaw, retest and Range all it wants. When it’s time, it will become visible Traders without proper MM are not advised to think of GU.. SS
best advise in so many days on this thread.......
  • #562,993
  • Dec 2, 2020 9:38am Dec 2, 2020 9:38am
Quoting VM.
{quote} At the risk of stating the obvious, EU is most traded pair simply because most real trade in the world is done in USD or EUR. And this is also why EU is quite stable, not usually subject to chaotic swings.
Thats very true.. I couldn’t have put it better.
  • #562,994
  • Dec 2, 2020 9:41am Dec 2, 2020 9:41am
Quoting shahab8b
I understand why some say GU has reversed. But for me the key level is 1.33. As long as 1.33 holds buying the dips might work. The setup was posted here https://www.forexfactory.com/thread/...ideas?page=483 {image}
I'm with you
  • #562,995
  • Dec 2, 2020 9:42am Dec 2, 2020 9:42am
Quoting Mcbeaners
{quote} well at the end of day - its about profits not trading ops for me. MM is the same for whatever the instrument but appreciate your input. cheers. gu - impulse appears to be hot air and now bears have sold into it imo. its going down me thinks.
Very true. it’s all about profits and I agree.
GU allows scalping and you can sell and buy it. For swings and long term ideas, I’d stay bullish (just me)

SS
  • #562,996
  • Dec 2, 2020 9:45am Dec 2, 2020 9:45am
Quoting JayBag
{quote} Very true. it’s all about profits and I agree. GU allows scalping and you can sell and buy it. For swings and long term ideas, I’d stay bullish (just me) SS
trade what you see(as they say).... and i'm putting in a small short here. the failed breakout is an issue for me but that is not what makes me want to short it here. just structurally not good.
In tea leaves we trust!
  • #562,997
  • Dec 2, 2020 9:45am Dec 2, 2020 9:45am
Quoting navk
{quote} if you wish.
navk, I know you have there your daily S1, I have my 38/2% min. ret. after drop
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12.01.30M.png Size: 113 KB
Always trade your own plan...I don't provide trading signals.
  • #562,998
  • Dec 2, 2020 9:47am Dec 2, 2020 9:47am
Quoting JayBag
{quote} Very true. it’s all about profits and I agree. GU allows scalping and you can sell and buy it. For swings and long term ideas, I’d stay bullish (just me) SS
Regardless EU and GU require completely idiosyncratic strategies both in MM and speculation. surely.
  • #562,999
  • Dec 2, 2020 9:52am Dec 2, 2020 9:52am
15min: bear pressure is decreasing.....1.3340 key level. Bulls are going stronger
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  • #563,000
  • Dec 2, 2020 9:52am Dec 2, 2020 9:52am
Quoting Mcbeaners
{quote} trade what you see(as they say).... and i'm putting in a small short here. the failed breakout is an issue for me but that is not what makes me want to short it here. just structurally not good.
its a short here. da boys have load up short imo. the signs are getting stronger and stronger.
In tea leaves we trust!
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