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Cable Update (GBPUSD)

  • #563,001
  • Dec 2, 2020 9:54am Dec 2, 2020 9:54am
London fix recovered its usual ~50 pips, now the moment of truth: does Brexit beat the US stimulus?
  • #563,002
  • Dec 2, 2020 9:54am Dec 2, 2020 9:54am
I wonder if GU would climb back up to 1.3375 and 1.3400 before today ends.

All closed trades for the day is green. Waiting to close two more.
Attached Image
Set GOAL, REACH and REPEAT.
  • #563,003
  • Dec 2, 2020 9:54am Dec 2, 2020 9:54am
buy resumes
hahahaha
Le$$ I$ More
  • #563,004
  • Dec 2, 2020 9:55am Dec 2, 2020 9:55am
Quoting Mcbeaners
{quote} its a short here. da boys have load up short imo. the signs are getting stronger and stronger.
someone here is about to read this comment and rip you apart. lol

lovely thread isn't it.
  • #563,005
  • Dec 2, 2020 9:56am Dec 2, 2020 9:56am
Quoting goldfish3
{quote} someone here is about to read this comment and rip you apart. lol lovely thread isn't it.
lol - the markets can do that for them. ha ha.
In tea leaves we trust!
  • #563,006
  • Edited 10:11am Dec 2, 2020 9:58am | Edited 10:11am
...nice strong pullback off the prev 1hr/4hr/dly sw lo zone down to 3284....confluence with 2 x fibs, namely 61.8% 3195-3442 and 88.6% 3263-3442, and great 1min - 15min regular bullish divergence set-ups available with PA confirmation triggers to get long....now testing prev 4hr sw lo zone and dly S1 again at the current pullback hi / underside of breeched asc t/line and meeting some supply. 38.2% of the drop just above the current p/back hi...50% @ 3365. 4hr below. 154pip drop today - 136% 30day adr.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #563,007
  • Dec 2, 2020 9:58am Dec 2, 2020 9:58am
Quoting Mcbeaners
{quote} lol - the markets can do that for them. ha ha.
No i mean because you didnt justify your call with a chart and so on and so forth..
  • #563,008
  • Dec 2, 2020 10:04am Dec 2, 2020 10:04am
Quoting goldfish3
{quote} No i mean because you didnt justify your call with a chart and so on and so forth..
no disrespect to posters here - but i don't trade the way most here do. so posting charts wouldn't help imo. won't get into my terrible habit of getting in too early.
In tea leaves we trust!
  • #563,009
  • Dec 2, 2020 10:05am Dec 2, 2020 10:05am
Quoting goldfish3
{quote} Regardless EU and GU require completely idiosyncratic strategies both in MM and speculation. surely.
Facts! Any risk instrument requires MM. we can’t stress it enough .
  • #563,010
  • Dec 2, 2020 10:07am Dec 2, 2020 10:07am
Quoting Mcbeaners
{quote} no disrespect to posters here - but i don't trade the way most here do. so posting charts wouldn't help imo. won't get into my terrible habit of getting in too early.
Oh common. No one? Really. So obvious this guy. hehe
  • #563,011
  • Dec 2, 2020 10:13am Dec 2, 2020 10:13am
Quoting goldfish3
{quote} Oh common. No one? Really. So obvious this guy. hehe
lol clear as mud.
In tea leaves we trust!
  • #563,012
  • Dec 2, 2020 10:19am Dec 2, 2020 10:19am
inverse 5min head and shoulder?
  • #563,013
  • Dec 2, 2020 10:21am Dec 2, 2020 10:21am
Ok, 1.329 probably held for today (barring some more news), and I hope to see more buying. I am in the business of selling spikes, so I need spikes to sell.
  • #563,014
  • Dec 2, 2020 10:21am Dec 2, 2020 10:21am
closed my short for loss. structural buying has shown up.
In tea leaves we trust!
  • #563,015
  • Dec 2, 2020 10:27am Dec 2, 2020 10:27am
my sell limits from 3352 to 3370
Intraday only.
  • #563,016
  • Dec 2, 2020 10:33am Dec 2, 2020 10:33am
Technically, imo, the way to go is short; if price action gives a significant bearish rejection of the 1.32760 area (magenta) on a daily closing basis. The 'significance' will be in terms of a relatively strong bearish print that breaks down the area.

I may be wrong. Trade safe, prosper.

KP

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Do your homework, follow the footprints of smart money
  • #563,017
  • Dec 2, 2020 10:33am Dec 2, 2020 10:33am
Quoting Coreg2004
{quote} navk, I know you have there your daily S1, I have my 38/2% min. ret. after drop {image}
yes, that is why I closed my longs there.
Intraday only.
  • #563,018
  • Dec 2, 2020 10:37am Dec 2, 2020 10:37am
Quoting navk
{quote} yes, that is why I closed my longs there.
S1 is above if you calculate from Sydney start time. we are attacking to upside now actually

Edit: just crossed it. lets see hourly closes here
  • #563,019
  • Dec 2, 2020 10:44am Dec 2, 2020 10:44am
Buy or sell i am not convinced either way atm will wait for levels to break
Follow The Markets Structure - Patience and Discipline
  • #563,020
  • Dec 2, 2020 10:55am Dec 2, 2020 10:55am
anyone correlate ftse with cable? i dont but ftse is motoring and its not stopping soon me thinks.
In tea leaves we trust!
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