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Cable Update (GBPUSD)

  • #563,981
  • Dec 7, 2020 4:12am Dec 7, 2020 4:12am
Quoting OnlineAddict
{quote} You seem to be using the old open&pray trading system. If you are so sure, why did you chicken out of the bet?
because it can go to 1,39++++ and not touch then go back to 1,30

market is a trap
Make money by doing the opposite of Giveachance aka loser
  • #563,982
  • Dec 7, 2020 4:13am Dec 7, 2020 4:13am
Quoting nessus94
{quote} because it can go to 1,39++++ and not touch then go back to 1,30 market is a trap
Even if I won the bet, I wouldn't ask for the money...I just wanted to teach you a lesson on humility.
Everyone can see the chart, but only a few can actually read it.
  • #563,983
  • Dec 7, 2020 4:15am Dec 7, 2020 4:15am
Quoting OnlineAddict
{quote} Even if I won the bet, I wouldn't ask for the money...I just wanted to teach you a lesson on humility.
me too
i do not need the money

but we are far from 1,30 or 1,4

everything is in play
Make money by doing the opposite of Giveachance aka loser
  • #563,984
  • Dec 7, 2020 4:16am Dec 7, 2020 4:16am
Quoting nessus94
{quote} always
Profile information says you live in Seychelles. If this is true, your optimism is easily explainable.
  • #563,985
  • Dec 7, 2020 4:17am Dec 7, 2020 4:17am
im done go with the bears.. ty for nice pips.. now im search for long position.. i see 1.32000 is my first entry if we can go there ofc..
if we go up first then i search short again ahaha..
Trade what you see, not what you think.. react and stay sharp..
  • #563,986
  • Dec 7, 2020 4:20am Dec 7, 2020 4:20am
Quoting Headland
{quote} mate, in the event these talks break down today/tomorrow- which at the moment seems more likely than not, I don't think it will be sellers that are trapped lol !
Sellers showed power
  • #563,987
  • Dec 7, 2020 4:21am Dec 7, 2020 4:21am
Nice move down , bears in town in numbers today, 3287 daily demand area broken, no upside demand suggesting further downside but will wait for a 4H swing correction to make a decision.
Follow The Markets Structure - Patience and Discipline
  • #563,988
  • Dec 7, 2020 4:29am Dec 7, 2020 4:29am
Quoting OnlineAddict
{quote} Even if I won the bet, I wouldn't ask for the money...I just wanted to teach you a lesson on humility.
Well said mate. I'm usually shocked by the level of believe when price keeps surging and they will keep thinking the surge will not have some meaningful correction. How many times have we seen these things happen.
Data + Stat + Risk/Emotions Management
  • #563,989
  • Dec 7, 2020 4:30am Dec 7, 2020 4:30am
...those 4hr prev swing lo's the 1st pot upside obstacle on that t/f...will previous supp becomes res ? 4hr below.
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Trader with an Edge.
  • #563,990
  • Dec 7, 2020 4:31am Dec 7, 2020 4:31am
Quoting VM.
@Steamroller "During WW2 we had convoys from the US which were being torpedoed and hence rationing was necessary then." But then, government was responsible for the food. Now, it is up to the private sector. And they have no incentive to protect UK food security if this does not suit their business interests. "I don't think the French or Germans will be torpedoing freight ships coming into the UK today." They just won't come. No need for torpedoes. "It is refrigerated. The M20 will be diverted.." Not everything can be refrigerated. And details for...
Demand will sort out all of the above. Companies do not operate for ideological reasons. Just profit.
  • #563,991
  • Dec 7, 2020 4:33am Dec 7, 2020 4:33am
Quoting goldfish3
{quote} agreed {image}
closed +30. Not convinced on deep retrace yet.
  • #563,992
  • Dec 7, 2020 4:36am Dec 7, 2020 4:36am
Quoting gatenio
{quote} careful bro, too much retailers want the retrace.. im waiting to 1.32 today, if they will not bring it today i wont buy it.
even if it suppose to go further down , it need to retrace first , it dropped over then 200 pips
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yes yes yes
  • #563,993
  • Dec 7, 2020 4:39am Dec 7, 2020 4:39am
Quoting Moty
{quote} even if it suppose to go further down , it need to retrace first , it dropped over then 200 pips {image} {image}
Maybe not though. Im not a news trader but another random fart from the sun could push this up..

but then again if this remains the sentiment it could drop a lot more before bulls can push it up to get out of their losses.
Irish Minister: 'At The Moment These Negotiations Seem Stalled'
  • #563,994
  • Dec 7, 2020 4:41am Dec 7, 2020 4:41am
As i was saying last week , gold to head down with 1850 acting as old support now resistance , currently @1831 but has been as low as 1823 so should be more downside to come into the range maybe as low as 1803
Follow The Markets Structure - Patience and Discipline
  • #563,995
  • Dec 7, 2020 4:43am Dec 7, 2020 4:43am
Quoting Moty
tp is 1.23630 {image} {image}
1.28 will do.

i of course closed my shorts last night. sigh.

massive shorts being built here. so more down coming soon me thinks
In tea leaves we trust!
  • #563,996
  • Dec 7, 2020 4:45am Dec 7, 2020 4:45am
Quoting Moty
{quote} even if it suppose to go further down , it need to retrace first , it dropped over then 200 pips {image} {image}
switched to short
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yes yes yes
  • #563,997
  • Dec 7, 2020 4:45am Dec 7, 2020 4:45am
landed right on 3221
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In tea leaves we trust!
  • #563,998
  • Dec 7, 2020 4:48am Dec 7, 2020 4:48am
Time to buy more cheap pound
Make money by doing the opposite of Giveachance aka loser
  • #563,999
  • Dec 7, 2020 4:51am Dec 7, 2020 4:51am
Quoting nessus94
Time to buy more cheap pound
Not good time to buy. Scalping still fine. Wait for 1more day drop.. Hahaha
  • #564,000
  • Dec 7, 2020 4:51am Dec 7, 2020 4:51am
Quoting Moty
{quote} even if it suppose to go further down , it need to retrace first , it dropped over then 200 pips {image} {image}
I took a trade on the 1min GBPAUD because it looked the same. Took up two positions for 59 pips total. Divergence with a cross above the 50, look left for target areas.
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