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Cable Update (GBPUSD)

  • #563,581
  • Dec 4, 2020 8:22am Dec 4, 2020 8:22am
Quoting shahab8b
GU, long trade, the setup was posted here https://www.forexfactory.com/thread/...8#post13296028 {image}

Already posted it here from my own analysis this morning before the move but well done
Follow The Markets Structure - Patience and Discipline
  • #563,582
  • Dec 4, 2020 8:22am Dec 4, 2020 8:22am
Quoting Catempire
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.
you will miss a 400 pips rally just to get a 50 pips macro drop ? lol

See you even a 1,40 or 1,45
Make money by doing the opposite of Giveachance aka loser
  • #563,583
  • Dec 4, 2020 8:23am Dec 4, 2020 8:23am
Quoting Catempire
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.

540 stops? or have you moved them again?
Follow The Markets Structure - Patience and Discipline
  • #563,584
  • Dec 4, 2020 8:24am Dec 4, 2020 8:24am
Quoting goldfish3
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. {image}
Another half off at +50. Quarter position running till 3570 TP
  • #563,585
  • Dec 4, 2020 8:24am Dec 4, 2020 8:24am
Quoting pipfarm
{quote} 540 stops? or have you moved them again?
Nope just closed. Hence why I posted / alert went off.

- £7k
Que Sera
  • #563,586
  • Dec 4, 2020 8:24am Dec 4, 2020 8:24am
Quoting pipfarm
{quote} Hilarious mate, it was clear enough for earlier for you to be banging on about sells
and i closed when it changed. np for me i'll turn on a dime if i have to. i haven't be doing that enough with cable of late. better to be wrong and close then hold and hoping. i can't trade impulse market orders which have been swamping cable of late. since about 30th structural shorters have arrived - they have been kicked. it don't mean they are dead, they are way more patient then i.

------

i'm looking for 1850 or 1862 for gold.
In tea leaves we trust!
  • #563,587
  • Dec 4, 2020 8:24am Dec 4, 2020 8:24am
...the simple truth is that those who been selling and holding from a technical edge have been wrong...those that have been selling from a fundie reading of the situation have been wrong/too early...either way these sellers have either lost money or have very wide stops and can live with the dd as part of their overall risk and money management.

Whether there will be a brexit trade deal or not - none of us really know - there have been so many contradictory messages surrounding the talks so the really 'naive' have taken bearish positions too early, on the assumption of no deal, and the smart traders (who have sold as well as bought when the hi-prob opps arose - but took profit) will wait to see what actually happens and be guided by price.
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Trader with an Edge.
  • #563,588
  • Dec 4, 2020 8:25am Dec 4, 2020 8:25am
Quoting pipfarm
{quote} 540 stops? or have you moved them again?
even someone blind saw it was up on daily

and here everybody is selling

this thread is so usefull
just go against them
Make money by doing the opposite of Giveachance aka loser
  • #563,589
  • Dec 4, 2020 8:25am Dec 4, 2020 8:25am
Quoting pipfarm
{quote} Already posted it here from my own analysis this morning before the move but well done
I don't think I clearly understand your post. Are you saying I post after the fact?
  • #563,590
  • Dec 4, 2020 8:26am Dec 4, 2020 8:26am
Quoting Catempire
{quote} Nope just closed. Hence why I posted / alert went off. - £7k

Even though there is a bit of competitiveness here , i am sorry to hear that you lost such an amount, i sincerely hope you recover that in the future.
Follow The Markets Structure - Patience and Discipline
  • #563,591
  • Dec 4, 2020 8:26am Dec 4, 2020 8:26am
Quoting Headland
...the simple truth is that those who been selling and holding from a technical edge have been wrong...those that have been selling from a fundie reading of the situation have been wrong/too early...either way these sellers have either lost money or have very wide stops and can live with the dd as part of their overall risk and money management. Whether there will be a brexit trade deal or not - none of us really know - there have been so many contradictory messages surrounding the talks so the really 'naive' have taken bearish positions too early,...
too early, it’s immaterial in the scheme of things tho, analysis didn’t respect how deep the pockets of those wanting it as high as possible before a drop were.
Que Sera
  • #563,592
  • Dec 4, 2020 8:27am Dec 4, 2020 8:27am
Quoting shahab8b
{quote} I don't think I clearly understand your post. Are you saying I post after the fact?

No shahab8b , far from it , i was just confirming your trade with mine , infact you had a better entry than me. well done again
Follow The Markets Structure - Patience and Discipline
  • #563,593
  • Dec 4, 2020 8:27am Dec 4, 2020 8:27am
Quoting pipfarm
{quote} Even though there is a bit of competitiveness here , i am sorry to hear that you lost such an amount, i sincerely hope you recover that in the future.
all part the parcel mate, appreciate the words but I know the risks and am not risking anything I can’t afford.
Que Sera
  • #563,594
  • Dec 4, 2020 8:28am Dec 4, 2020 8:28am
Quoting pipfarm
{quote} No shahab8b , far from it , i was just confirming your trade with mine , infact you had a better entry than me. well done again
Thanks pipfarm. I read your posts. You always do a good job analyzing the market.
  • #563,595
  • Dec 4, 2020 8:28am Dec 4, 2020 8:28am
I started selling GU now in my swing account...first short at 1.3530. NO stopeloss will keep selling untill 1.40 will book profit below 1.30 in next year
  • #563,596
  • Dec 4, 2020 8:29am Dec 4, 2020 8:29am
Quoting Georginson
{quote} 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.
Georginson, did your stop-loss @1.3525 hit?...or you freed more assets to average down more?... I'm just curious nothing else.
Always trade your own plan...I don't provide trading signals.
  • #563,597
  • Dec 4, 2020 8:29am Dec 4, 2020 8:29am
Bear hunt is over. Now we hunt bulls
Lord icarii All Time Return: na
  • #563,598
  • Dec 4, 2020 8:29am Dec 4, 2020 8:29am
Quoting bigpip
Currently long from 1.3481, tp @ 1.3528
My tp hit, 47pips booked and 46 from gbp/jpy, total of 93 , am through for the week, see you guys next week, wishing you all green pips.
I know no single trade can make me or break me
  • #563,599
  • Dec 4, 2020 8:30am Dec 4, 2020 8:30am
Quoting sartu
I started selling GU now in my swing account...first short at 1.3530. NO stopeloss will keep selling untill 1.40 will book profit below 1.30 in next year
Great short at a remarkable price.
Data + Stat + Risk/Emotions Management
  • #563,600
  • Dec 4, 2020 8:30am Dec 4, 2020 8:30am
Gold daily high 1847
Now he remembers
yes yes yes
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