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Cable Update (GBPUSD)

  • #563,041
  • Dec 2, 2020 1:15pm Dec 2, 2020 1:15pm
Quoting helioss
{quote} My 1h view is similar (even if first reversal level .3363 was touched) {image}
i saw 3363 but there is no vol profile setup there so not actionable for me.
In tea leaves we trust!
  • #563,042
  • Dec 2, 2020 1:22pm Dec 2, 2020 1:22pm
Quoting Mcbeaners
people like lines on a chart, here is some lines on a chart. my guess the run up to 3398 will be swift and the drop just as fast. happy hunting. {image}
here we go, sucking them bulls in. how far wil it go? or will i be completely wrong. if you were a betting man you'd bet against me. lol
In tea leaves we trust!
  • #563,043
  • Dec 2, 2020 1:22pm Dec 2, 2020 1:22pm
Quoting shahab8b
{quote} Yea, of course it will break out of the range at some point. I have been trading 1.33 and 1.34 levels with 15-20 pips SL and each time I collected 50-100 pips. Would you consider that a bad strategy? Forecasting what the price does next is one thing and having a good trading strategy is another thing. I consider trading more like a probability game. Also, as a discretionary trader, I switch between range trading methods and trend following methods depending on the market conditions. So I will change my trading strategy whenever GU breaks...
No, as I said, R/R was great, and this strategy was great. My point was, I think we will break in the next day or two.
  • #563,044
  • Dec 2, 2020 1:23pm Dec 2, 2020 1:23pm
Up up and away for gu
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 12-02-2020 21.23_1.jpg Size: 123 KB
yes yes yes
  • #563,045
  • Dec 2, 2020 1:23pm Dec 2, 2020 1:23pm
Quoting Mcbeaners
{quote} here we go, sucking them bulls in. how far wil it go? or will i be completely wrong. if you were a betting man you'd bet against me. lol
Why short? It is clearly a buy and strong
Make money by doing the opposite of Giveachance aka loser
  • #563,046
  • Dec 2, 2020 1:36pm Dec 2, 2020 1:36pm
Quoting nessus94
{quote} Why short? It is clearly a buy and strong
i think i explained myself. we'll see. interesting to note that the so called "sweet spot" the mid between 618 and 786 lines up with 3950 ish. ill be around there with my orders. if i do of course.
In tea leaves we trust!
  • #563,047
  • Dec 2, 2020 1:53pm Dec 2, 2020 1:53pm
seems to be operating off the 1h chart. kissed the 50ma and is folding.
In tea leaves we trust!
  • #563,048
  • Dec 2, 2020 1:59pm Dec 2, 2020 1:59pm
Quoting Roszey
The market is repeating itself week by week.
Until the hammer drops

sold

case closed

deal done.
Que Sera
  • #563,049
  • Dec 2, 2020 2:06pm Dec 2, 2020 2:06pm
short ,target around 1.32
  • #563,050
  • Dec 2, 2020 2:10pm Dec 2, 2020 2:10pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 36 KB
yes yes yes
  • #563,051
  • Dec 2, 2020 2:10pm Dec 2, 2020 2:10pm
Quoting VM.
{quote} No, as I said, R/R was great, and this strategy was great. My point was, I think we will break in the next day or two.
I think the positive correlation between EU and GU will come back. The correlation is not there atm. EU broke above the ceiling (1.20) and the uptrend looks solid. I won't be surprised if GU follows the same path.
  • #563,052
  • Dec 2, 2020 2:20pm Dec 2, 2020 2:20pm
Quoting shahab8b
{quote} I think the positive correlation between EU and GU will come back. The correlation is not there atm. EU broke above the ceiling (1.20) and the uptrend looks solid. I won't be surprised if GU follows the same path.
It surely will, but may also come back on the way down.
I have seen it before: GBP softens against EUR but not against dollar, and then EU reverts, and GU goes lower with it (or faster).
  • #563,053
  • Dec 2, 2020 2:24pm Dec 2, 2020 2:24pm
Quoting VM.
{quote} It surely will, but may also come back on the way down. I have seen it before: GBP softens against EUR but not against dollar, and then EU reverts, and GU goes lower with it (or faster).
Up up, nothing more
Make money by doing the opposite of Giveachance aka loser
  • #563,054
  • Dec 2, 2020 2:27pm Dec 2, 2020 2:27pm
Quoting VM.
{quote} It surely will, but may also come back on the way down. I have seen it before: GBP softens against EUR but not against dollar, and then EU reverts, and GU goes lower with it (or faster).
I actually prefer your scenario. I like trading the short side better. It's usually more aggressive.
  • #563,055
  • Dec 2, 2020 2:47pm Dec 2, 2020 2:47pm
Have we won yet >?
Que Sera
  • #563,056
  • Dec 2, 2020 2:56pm Dec 2, 2020 2:56pm
Quoting Bones
{quote} and thats why you can't trust any economist ,there breaking all known rules ,
Agree with you Bones

You cannot trust a economist......... hired by the government.

In-fact...

You cannot trust the government.

The economists are only doing their job.
Que Sera
  • #563,057
  • Dec 2, 2020 3:18pm Dec 2, 2020 3:18pm
Last attack of 3400 tomorrow

Last attempt

Final shorts.
Que Sera
  • #563,058
  • Dec 2, 2020 3:20pm Dec 2, 2020 3:20pm


Jump aboard for the wild ride.
Que Sera
  • #563,059
  • Dec 2, 2020 3:28pm Dec 2, 2020 3:28pm
I read through the news (you have to read attentively, not just the headlines), and I am convinced more than ever that this round of talks will fail, and no deal scenario will start crystallizing. There may be an agreement further down the road, but not before some extreme political drama. I may be wrong of course, but I would like to warn the bulls here, don't get caught in a wrong position. From tomorrow to Monday, the risk of very negative headlines is huge. Trade safe.
  • #563,060
  • Dec 2, 2020 3:31pm Dec 2, 2020 3:31pm
Quoting VM.
I read through the news (you have to read attentively, not just the headlines), and I am convinced more than ever that this round of talks will fail, and no deal scenario will start crystallizing. There may be an agreement further down the road, but not before some extreme political drama. I may be wrong of course, but I would like to warn the bulls here, don't get caught in a wrong position. From tomorrow to Monday, the risk of very negative headlines is huge. Trade safe.
Agreed.!!

Smoke and mirrors mate.

Someone asked me earlier would i hope for a deal... and as much as the obvious answer is YES the actual answer is NO because the worst shit that happens to us in life often turns out to be the best

For that reason, no i don't hope for a deal

I hope the right thing happens.

Bring it on, tail between legs.
Que Sera
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