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Cable Update (GBPUSD)

  • #563,161
  • Dec 3, 2020 3:52am Dec 3, 2020 3:52am
I am staying on the sidelines for the moment , market is set up to go either way and i do not want to risk money just for sake of it besides i have positions on other pairs where trends have been more obvious and its been very easy to trade them.

audusd
eurusd
nzdusd
usdchf
usdcad
eurjpy
gbpaud
gold

there has been so many easy opportunities on these other pairs , cable can wait until the picture is more clear, what i did not like about cable was the way it pulled back to that 3287 support for me its a very unusual move that does not fit in with how i trade.
Follow The Markets Structure - Patience and Discipline
  • #563,162
  • Dec 3, 2020 3:53am Dec 3, 2020 3:53am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 32 KB
yes yes yes
  • #563,163
  • Dec 3, 2020 3:53am Dec 3, 2020 3:53am
Quoting Moty
gu is stuck. took long gold to 1848 {image} {image}
They're filling last orders before falling
  • #563,164
  • Dec 3, 2020 3:56am Dec 3, 2020 3:56am
While I am in the short trade, I want GU to go lower.
While I am on the sidelines, I want it to go as high as possible so that I can short.
Doublethink at its purest.

Now I am on the sidelines, so go bulls go.
  • #563,165
  • Dec 3, 2020 3:58am Dec 3, 2020 3:58am
Quoting VM.
While I am in the short trade, I want GU to go lower. While I am on the sidelines, I want it to go as high as possible so that I can short. Doublethink at its purest. Now I am on the sidelines, so go bulls go.
why not go long from the bottom?
  • #563,166
  • Dec 3, 2020 3:59am Dec 3, 2020 3:59am
I miss Donald's tweet
Attached Image (click to enlarge)
Click to Enlarge Name: images (37).jpeg Size: 23 KB
  • #563,167
  • Dec 3, 2020 4:00am Dec 3, 2020 4:00am
bulls seems very determined.. bears still wait to attack the exhausted bull..soon
Trade what you see, not what you think.. react and stay sharp..
  • #563,168
  • Dec 3, 2020 4:05am Dec 3, 2020 4:05am
Quoting Moty
gu is stuck. took long gold to 1848 {image} {image}
XAUUSD got stuck now
  • #563,169
  • Dec 3, 2020 4:07am Dec 3, 2020 4:07am
Quoting Ehsank78
{quote} why not go long from the bottom?
Not with Brexit uncertainty. Negative Brexit news may come any moment and drop the price instantly, I don't want to be on the receiving end of a flash crash.
  • #563,170
  • Dec 3, 2020 4:12am Dec 3, 2020 4:12am
the spike is coming
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 33 KB
Click to Enlarge Name: dx.png Size: 33 KB
yes yes yes
  • #563,171
  • Dec 3, 2020 4:13am Dec 3, 2020 4:13am
Quoting VM.
{quote} Not with Brexit uncertainty. Negative Brexit news may come any moment and drop the price instantly, I don't want to be on the receiving end of a flash crash.
any deal or no deal and it is going up
Make money by doing the opposite of Giveachance aka loser
  • #563,172
  • Dec 3, 2020 4:16am Dec 3, 2020 4:16am
Quoting Moty
the spike is coming {image} {image}
sorry Moty, but Dollar index is going up
Attached Image (click to enlarge)
Click to Enlarge Name: USDOLLARWeekly.png Size: 44 KB
  • #563,173
  • Dec 3, 2020 4:21am Dec 3, 2020 4:21am
  • #563,174
  • Dec 3, 2020 4:24am Dec 3, 2020 4:24am
Some More Ichimoku
Battles going on,

With the Wave-Set Pull-Back, we had.
Notice the second bar did NoT Close outside the Cloud & Fought
to Stay in / Above it, then the Bears tried again, to push outside / below
the Cloud, to no Avail:
Attached Image (click to enlarge)
Click to Enlarge Name: 12_3_2020 GBP_USD ICHIMoKu Support_Progression.png Size: 65 KB
I will work to Objectively Identify my Edges
  • #563,175
  • Dec 3, 2020 4:27am Dec 3, 2020 4:27am
ok, start to go down
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 68 KB
  • #563,176
  • Dec 3, 2020 4:27am Dec 3, 2020 4:27am
What we're apparently fighting now,
with Order Flow:

We've Pushed past that line @"13", but now we are fighting the Top of it-
Pushed OVER the Goal Line but no Close over it yet:
Attached Image (click to enlarge)
Click to Enlarge Name: 12_3_2020 GBP_USD Works on PIERCING ICHIMoKu Resistance.png Size: 45 KB

Agreed, it's a good Match & we'll see who gets tired here.
I will work to Objectively Identify my Edges
  • #563,177
  • Dec 3, 2020 4:30am Dec 3, 2020 4:30am
Quoting Milan
{quote} sorry Moty, but Dollar index is going up {image}
no , down
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx.png Size: 21 KB
Click to Enlarge Name: gu1.png Size: 33 KB
yes yes yes
  • #563,178
  • Dec 3, 2020 4:30am Dec 3, 2020 4:30am
Most USD pairs are softening, but it seems like Cable is still strong? I did took a sell at 1.34, aiming for a break of 1.33. I hope it happens.
  • #563,179
  • Dec 3, 2020 4:33am Dec 3, 2020 4:33am
bull very powerfull hit the bears till last critical defense..

the question is how long bull have power to fight..
dxy start to climb up.. this more n more difficult for bull to continue up.. lets see big drop incoming after this..
Trade what you see, not what you think.. react and stay sharp..
  • #563,180
  • Dec 3, 2020 4:33am Dec 3, 2020 4:33am
Quoting Moty
{quote} no , down {image} {image}
you really buing now? Nobody's buying into resistance... or not? Anyway, I am still short and thank you for your money
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