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Cable Update (GBPUSD)

  • #563,561
  • Dec 4, 2020 8:02am Dec 4, 2020 8:02am
News releases total bs, trying to cover the bad nfp with unemployment rate down to 6.7 when they conveniently dismiss those that have run out of unemployment claim. and there we have it a new high as i said this morning bye bye bears
Follow The Markets Structure - Patience and Discipline
  • #563,562
  • Dec 4, 2020 8:03am Dec 4, 2020 8:03am
Quoting OnlineAddict
{quote} I think they would drop the price masivelly, since its friday, to trap the sellers into the weekend. But we will see.
lets go higher to 1,36-1,37
Make money by doing the opposite of Giveachance aka loser
  • #563,563
  • Dec 4, 2020 8:04am Dec 4, 2020 8:04am
Quoting OnlineAddict
{quote} I think they would drop the price masivelly, since its friday, to trap the sellers into the weekend. But we will see.

What you think and what you see on your chart are two different things , i would rather not think too much and just follow what the chart is telling me win or lose
Follow The Markets Structure - Patience and Discipline
  • #563,564
  • Dec 4, 2020 8:05am Dec 4, 2020 8:05am
Another stop's hunt ?
yes yes yes
  • #563,565
  • Dec 4, 2020 8:06am Dec 4, 2020 8:06am
Quoting pipfarm
{quote} What you think and what you see on your chart are two different things , i would rather not think too much and just follow what the chart is telling me win or lose
Chart is telling me to short 1.35...as everytime pound looks the strongest, it drops the most afterwards. Been going on since forever.

Deal or no deal, more up or not, its a good short.
Everyone can see the chart, but only a few can actually read it.
  • #563,566
  • Dec 4, 2020 8:08am Dec 4, 2020 8:08am
Quoting nessus94
{quote} lets go higher to 1,36-1,37
With a deal in, a spike up might still come...but will be most likely short lived.
Everyone can see the chart, but only a few can actually read it.
  • #563,567
  • Dec 4, 2020 8:09am Dec 4, 2020 8:09am
Quoting OnlineAddict
{quote} Chart is telling me to short 1.35...as everytime pound looks the strongest, it drops the most afterwards. Been going on since forever. Deal or no deal, more up or not, its a good short.

Do us all a favor and post your trade entry level when you take a trade so we can validate what you are saying.
Follow The Markets Structure - Patience and Discipline
  • #563,568
  • Dec 4, 2020 8:12am Dec 4, 2020 8:12am
Quoting OnlineAddict
{quote} Chart is telling me to short 1.35...as everytime pound looks the strongest, it drops the most afterwards. Been going on since forever. Deal or no deal, more up or not, its a good short.
We are on same page mate. Most naive traders tend to get carried away with all these euphoria... 1.37 or 1.30... I do rather ensure equity tolerates 1.37 and cash profit at 1.30, talking candidly from swing perspective. I do be taking it down in every hundred pips gradually.
Data + Stat + Risk/Emotions Management
  • #563,569
  • Dec 4, 2020 8:12am Dec 4, 2020 8:12am
going for it. lets see if it can get and stay above ydays high
Edit: Quick BE at +30. Not gonna take the chance here
Edit: In fact took half off at +30 at Dr1/Wr3 cluster. the rest can do whatever it wants.
Attached Image (click to enlarge)
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  • #563,570
  • Dec 4, 2020 8:13am Dec 4, 2020 8:13am
gu - not clear enough right now. more of a short then a long for me.

gold - is a good long here.
In tea leaves we trust!
  • #563,571
  • Dec 4, 2020 8:13am Dec 4, 2020 8:13am
People have been screaming "sell" since 1.32. Some of the sellers even agree we might see 1.36 or 1.37. So why not just buy until that 1.36 or 37 instead of holding sells with negative 100s of pips in loss while waiting for your anticipated fall?!!!

I guess we know why there are 99% losers in forex. Real traders have been riding this up move and will ride the down move if or when it starts too!!
  • #563,572
  • Dec 4, 2020 8:14am Dec 4, 2020 8:14am
I m so happy now.. Good profit.. Good luck green pips
  • #563,573
  • Dec 4, 2020 8:14am Dec 4, 2020 8:14am
Quoting pipfarm
{quote} Do us all a favor and post your trade entry level when you take a trade so we can validate what you are saying.
Back in september/october, when pound dumped to 1.27 and below...everybody here was selling...back then I posted this to warn bears.

Quoting OnlineAddict
{quote} Might not come before 3170-3340.
Quoting OnlineAddict
{quote} Highest I see is a quick spike towards 3700+-, if 3500 broke...and then probably down 1000 pips or more...but I wouldn't dare to long above 3250.
Now I am warning bulls, thats all. No pressure.
Everyone can see the chart, but only a few can actually read it.
  • #563,574
  • Dec 4, 2020 8:15am Dec 4, 2020 8:15am
Quoting Mcbeaners
gu - not clear enough right now. more of a short then a long for me. gold - is a good long here.


Hilarious mate, it was clear enough for earlier for you to be banging on about sells
Follow The Markets Structure - Patience and Discipline
  • #563,575
  • Dec 4, 2020 8:15am Dec 4, 2020 8:15am
Nothing can block gu go higher.. 1.37 also possible..
Just for your guys info. Gj aiming 142.7 area. So gu possible go above 1.365
  • #563,576
  • Dec 4, 2020 8:20am Dec 4, 2020 8:20am
Quoting Lastaccount
{quote} and again, you lose 2-0
2-0 ? we keep going higher

Review your chart please
Make money by doing the opposite of Giveachance aka loser
  • #563,577
  • Dec 4, 2020 8:20am Dec 4, 2020 8:20am
Quoting Ksth
Nothing can block gu go higher.. 1.37 also possible.. Just for your guys info. Gj aiming 142.7 area. So gu possible go above 1.365
3535 is strong R. if it can cross this then much space above.
  • #563,578
  • Dec 4, 2020 8:20am Dec 4, 2020 8:20am
Quoting OnlineAddict
{quote} With a deal in, a spike up might still come...but will be most likely short lived.
deal or no deal its going up

big rise coming
Make money by doing the opposite of Giveachance aka loser
  • #563,579
  • Dec 4, 2020 8:21am Dec 4, 2020 8:21am
GU, long trade, the setup was posted here https://www.forexfactory.com/thread/...8#post13296028
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  • #563,580
  • Dec 4, 2020 8:21am Dec 4, 2020 8:21am
Shorts @ 1.37 is fine with me. Might be a blowout on the final stretch...

December candle is going to look pretty special come the 31st

a big upper wick and a tad red bar.
Que Sera
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