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Cable Update (GBPUSD)

  • #563,641
  • Dec 4, 2020 8:56am Dec 4, 2020 8:56am
Quoting VM.
{quote} 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.
40% of my trades this week were shorts too.
Trader with an Edge.
  • #563,642
  • Dec 4, 2020 8:57am Dec 4, 2020 8:57am
Quoting nessus94
thank you for all brexit economist here for telling us it will drop lol i am buying even more
Nessus

after the brexit curtains have been closed... I do hope you jump in with all your weight at 1.27
Que Sera
  • #563,643
  • Dec 4, 2020 8:58am Dec 4, 2020 8:58am
i know Brexit that will be up, but give me retrac just minutes
  • #563,644
  • Dec 4, 2020 8:59am Dec 4, 2020 8:59am
more then a few euphoric bulls here. i'm liking my .5 fib retrace.
In tea leaves we trust!
  • #563,645
  • Dec 4, 2020 8:59am Dec 4, 2020 8:59am
Gold is at that the 1850 old support becomes resistance level , i wonder if it will retest now down to 1800, however the whole down structure is corrective so we should see some more good upside moves over the coming weeks if the right levels are broken first
Follow The Markets Structure - Patience and Discipline
  • #563,646
  • Dec 4, 2020 9:01am Dec 4, 2020 9:01am
Quoting Catempire
{quote} I just recall a teacher in London who had a £1k position fucking about on his phone... checked his phone £280,000 loss ouch !!
best story ever!
  • #563,647
  • Dec 4, 2020 9:02am Dec 4, 2020 9:02am
Quoting Mcbeaners
more then a few euphoric bulls here. i'm liking my .5 fib retrace.
When you say retrace, it means you are still bullish...
  • #563,648
  • Dec 4, 2020 9:03am Dec 4, 2020 9:03am
Quoting genadi
{quote} best story ever!
Terrible story, but I think he should have been protected by negative balance protection. I hope he was.
  • #563,649
  • Dec 4, 2020 9:04am Dec 4, 2020 9:04am
Quoting YvonneVon
{quote} When you say retrace, it means you are still bullish...
i'm working off th 1m and 5m charts - so far bullish.
In tea leaves we trust!
  • #563,650
  • Dec 4, 2020 9:05am Dec 4, 2020 9:05am
Quoting Catempire
{quote} Nessus after the brexit curtains have been closed... I do hope you jump in with all your weight at 1.27
i will buy every 50 pips down after brexit

easy trade

brexit is a joke
price is going up
Make money by doing the opposite of Giveachance aka loser
  • #563,651
  • Dec 4, 2020 9:06am Dec 4, 2020 9:06am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting Chenko
{quote} Sounds like he works for brokers..Leading sheep to slaughter.
Studing..............
  • #563,652
  • Dec 4, 2020 9:08am Dec 4, 2020 9:08am
Quoting nessus94
{quote} i will buy every 50 pips down after brexit easy trade brexit is a joke price is going up

Never lose respect for the market and become arrogant, it can turn on a dime, to this day i still get that anxious feeling whenever i make a trade , its what keeps me level headed.
Follow The Markets Structure - Patience and Discipline
  • #563,653
  • Dec 4, 2020 9:10am Dec 4, 2020 9:10am
Quoting VM.
{quote} Terrible story, but I think he should have been protected by negative balance protection. I hope he was.
https://www.housepricecrash.co.uk/fo...pread-betting/
Que Sera
  • #563,654
  • Dec 4, 2020 9:10am Dec 4, 2020 9:10am
And for the record, I think the bulls' celebration is very premature. GU has taken out the stops above 1.35 and consolidated there for a bit, and so far it is all that it has done. Probably will finish the day below 1.35. AU, EU and gold are near unchanged, showing dollar selloff is slowing. And pound's fate is if course tied to Brexit deal, and that's not what you want to be tied to.
  • #563,655
  • Dec 4, 2020 9:10am Dec 4, 2020 9:10am
Quoting pipfarm
{quote} Never lose respect for the market and become arrogant, it can turn on a dime, to this day i still get that anxious feeling whenever i make a trade , its what keeps me level headed.
buy with fear
sell on euphoria.
confident in loss- close out
nervous in profit - add more.
In tea leaves we trust!
  • #563,656
  • Dec 4, 2020 9:11am Dec 4, 2020 9:11am
Quoting nessus94
{quote} i will buy every 50 pips down after brexit easy trade brexit is a joke price is going up
“Brexit is a joke”

please, please enlighten me, I want to see what you’re seeing
Que Sera
  • #563,657
  • Dec 4, 2020 9:13am Dec 4, 2020 9:13am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 12-04-2020 17.12_1.jpg Size: 180 KB
yes yes yes
  • #563,658
  • Dec 4, 2020 9:13am Dec 4, 2020 9:13am
took short
@1.3534.. just move SL to BE now.. TP open
@1.3528.. plan to close at support
@1.3519.. plan to close at support
Trade what you see, not what you think.. react and stay sharp..
  • #563,659
  • Dec 4, 2020 9:14am Dec 4, 2020 9:14am
Quoting VM.
And for the record, I think the bulls' celebration is very premature. GU has taken out the stops above 1.35 and consolidated there for a bit, and so far it is all that it has done. Probably will finish the day below 1.35. AU, EU and gold are near unchanged, showing dollar selloff is slowing. And pound's fate is if course tied to Brexit deal, and that's not what you want to be tied to.
VM they stopped bang on my stop loss at 540

it better keep going up lol
Que Sera
  • #563,660
  • Dec 4, 2020 9:15am Dec 4, 2020 9:15am
closed my gold long for evens - it hit 1848 which appears to be good enough.
In tea leaves we trust!
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