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Cable Update (GBPUSD)

  • #563,621
  • Dec 4, 2020 8:42am Dec 4, 2020 8:42am
looks good for a long. just a retrace to say 50 fib maybe.

between 3466 and 3475 ish. i'd be a buyer.
In tea leaves we trust!
  • #563,622
  • Dec 4, 2020 8:42am Dec 4, 2020 8:42am
Hi Traders,

Had a busy day today just like GU.. Only came back now to find honorable GU higher..

Perhaps it’s time we change her name from ‘Range Rover Velar’ to Jetski? Name suggestions guys?

Lets go GU, more highs to crack
SS
  • #563,623
  • Dec 4, 2020 8:42am Dec 4, 2020 8:42am
Quoting krakFX
{quote} Its been fun cable, but Ive been around long enough to know its time sit on the sidelines for now, still expecting 1.3690. Time to scalp and limit time "in" the market.
how long have you been around ?
  • #563,624
  • Dec 4, 2020 8:43am Dec 4, 2020 8:43am
Quoting OnlineAddict
{quote} Yes, but forget about indicators when trading GU during brexit negotiations.
I'm sure this is well meant advice, particularly for the less experienced but it doesn't stack up - I've made +283.5 pips this week on gbpusd (and I'm a scalper,) and 70% of my trades have been repeating indicator led patterns (divergence-hidden and regular based) confirmed by price action, the other 30% pure price action.
Trader with an Edge.
  • #563,625
  • Dec 4, 2020 8:43am Dec 4, 2020 8:43am
Quoting Headland
{quote} lol.......aaah now the mystery is solved, ...everytime you've had a drink you've been getting subliminal messages that have worked into your conscious mind and convinced you of a 'bearish scenario.' What are the other long term bears' excuses though, as they 'nurse' losing positions? The question is rhetorical.
Premature. Not wrong in that this thing will sell off extremely hard on a mediocre deal or no deal which is most likely scenario.

that’s inevitably why it’s rising so hard the big boys want to make as much money as possible
Que Sera
  • #563,626
  • Dec 4, 2020 8:44am Dec 4, 2020 8:44am
buying more now this break out

cheap price here
Make money by doing the opposite of Giveachance aka loser
  • #563,627
  • Dec 4, 2020 8:44am Dec 4, 2020 8:44am
Quoting JayBag
Hi Traders, Had a busy day today just like GU.. Only came back now to find honorable GU higher.. Perhaps it’s time we change her name from ‘Range Rover Velar’ to Jetski? Name suggestions guys? Lets go GU, more highs to crack SS

Too right and i did not miss this one today unlike yesterday stops up and no loss possible, tp already posted , partial taken.
Follow The Markets Structure - Patience and Discipline
  • #563,628
  • Dec 4, 2020 8:46am Dec 4, 2020 8:46am
Quoting Catempire
{quote} You’re not a teacher by any chance?
Obviously not with my grammar mistakes and lack of proof reading
  • #563,629
  • Dec 4, 2020 8:46am Dec 4, 2020 8:46am
Quoting Catempire
{quote} Premature. Not wrong in that this thing will sell off extremely hard on a mediocre deal or no deal which is most likely scenario. that’s inevitably why it’s rising so hard the big boys want to make as much money as possible
I entirely agree that the first part of your statement represents the higher probability, but I'm not sure about the second part.
Trader with an Edge.
  • #563,630
  • Dec 4, 2020 8:47am Dec 4, 2020 8:47am
orders in 3479, probably won't get that far down but i'm ok with it.
In tea leaves we trust!
  • #563,631
  • Dec 4, 2020 8:48am Dec 4, 2020 8:48am
Quoting krakFX
{quote} Obviously not with my grammar mistakes and lack of proof reading
I just recall a teacher in London who had a £1k position fucking about on his phone...

checked his phone

£280,000 loss

ouch !!
Que Sera
  • #563,632
  • Dec 4, 2020 8:49am Dec 4, 2020 8:49am
Quoting Georginson
{quote} I added even bigger fund to my equity to short again as this swing sell opportunity is too good for me to ignore. My equity is fat enough to tolerate 1.40
Georginson, I know your stop-loss is about 600-800 pips like last time (1.24-1.32)...Whatever it looks like I'm not picking on you I just want to understand people's motives to be right all the time despite the cost. It took me some time to understand my decision even though I was schooled in the decision process.
Always trade your own plan...I don't provide trading signals.
  • #563,633
  • Dec 4, 2020 8:50am Dec 4, 2020 8:50am
Quoting Headland
{quote} I entirely agree that the first part of your statement represents the higher probability, but I'm not sure about the second part.
Well it’s often the same on the stock market, serious moves down come straight after serious moves up.

blowouts & a lot of flipping of positions before it drops.

Ofc speculation
Que Sera
  • #563,634
  • Dec 4, 2020 8:50am Dec 4, 2020 8:50am
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,...
Yes, this is good analysis. However, I made good money by shorting at the resistance levels.
But you rightly highlight that however good your fundamental reading of situation is, it should be complemented with technical analysis.
  • #563,635
  • Dec 4, 2020 8:51am Dec 4, 2020 8:51am
Quoting Coreg2004
{quote} Georginson, I know your stop-loss is about 600-800 pips like last time (1.24-1.32)...Whatever it looks like I'm not picking on you I just want to understand people's motives to be right all the time despite the cost. It took me some time to understand my decision even though I was schooled in the decision process.
he is wrong all the time
his stop is 800 pips to get 100 pips

a joke
Make money by doing the opposite of Giveachance aka loser
  • #563,636
  • Dec 4, 2020 8:52am Dec 4, 2020 8:52am
thank you for all brexit economist here for telling us it will drop lol

i am buying even more
Make money by doing the opposite of Giveachance aka loser
  • #563,637
  • Dec 4, 2020 8:52am Dec 4, 2020 8:52am
I think currently it’s safer to get stopped out than hold now it’s broken new highs.

even if they strike a bare bones deal it will spike up before the fine prints been read & reality sinks in.
Que Sera
  • #563,638
  • Dec 4, 2020 8:55am Dec 4, 2020 8:55am
Quoting nessus94
{quote} he is wrong all the time his stop is 800 pips to get 100 pips a joke
Sounds like he works for brokers..Leading sheep to slaughter.
  • #563,639
  • Dec 4, 2020 8:55am Dec 4, 2020 8:55am
Quoting pipfarm
{quote} Too right and i did not miss this one today unlike yesterday stops up and no loss possible, tp already posted , partial taken.
Nice one P.. Good job ..
Let’s give it time and see if we get more highs today..

I guess this is the aggression we talked about should it break 1,38 area.. Damm it spent almost forever there ha..

SS
  • #563,640
  • Dec 4, 2020 8:55am Dec 4, 2020 8:55am
Quoting nessus94
thank you for all brexit economist here for telling us it will drop lol i am buying even more
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