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Cable Update (GBPUSD)

  • #564,401
  • Dec 8, 2020 12:28pm Dec 8, 2020 12:28pm
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  • #564,402
  • Dec 8, 2020 12:32pm Dec 8, 2020 12:32pm
Quoting ZTrader123
{quote} I made money today on GBP 🦧 But I also make money almost everyday on GBP so what does that mean??
You mean you trade spikes everyday....

Thanks for signifying.... I sight you.



if you know, you know...
My goal is what keeps me going...
  • #564,403
  • Dec 8, 2020 12:35pm Dec 8, 2020 12:35pm
Quoting fxmasterdxb
Very messy PA, will wait for break and close above 1.34 or below 1.33
Won't happen today I think.
Very likely will happen tomorrow as Johnson goes to Brussels for talks. But if deal/no deal is announced, it will be too late to take position after it closes above/below.
  • #564,404
  • Dec 8, 2020 12:42pm Dec 8, 2020 12:42pm
is it rule, what doesn't go up, should go down? daily candle close, when is bullish today, when is bearish? support touch free times, i mean 13285 something, getting stronger?
  • #564,405
  • Dec 8, 2020 12:43pm Dec 8, 2020 12:43pm
Quoting VM.
{quote} Won't happen today I think. Very likely will happen tomorrow as Johnson goes to Brussels for talks. But if deal/no deal is announced, it will be too late to take position after it closes above/below.
Well not necessarly above 1.34 i will be looking for 1.37 and below 1.33 i will be looking for at least 1.28
  • #564,406
  • Dec 8, 2020 12:44pm Dec 8, 2020 12:44pm
3times touched support, I don't think its good, if it will not go up today, daily candle should be bullish, but if not?
  • #564,407
  • Dec 8, 2020 12:54pm Dec 8, 2020 12:54pm
Quoting goldencalf
3times touched support, I don't think its good, if it will not go up today, daily candle should be bullish, but if not?
And 7 times rejected by 1.3365 if this candle closes below! Like i said untreatable pa unless you are in the mood of gambling
  • #564,408
  • Dec 8, 2020 1:00pm Dec 8, 2020 1:00pm
Quoting fxmasterdxb
{quote} And 7 times rejected by 1.3365 if this candle closes below! Like i said untreatable pa unless you are in the mood of gambling
1.3365 don't think its so important, like 1.3285, it was gap or something, at least pinbars, good place, look on the left..just don't like checking support so many times in short time, and making lower highs, and if it will be bearish close, looks like a duck
  • #564,409
  • Dec 8, 2020 1:06pm Dec 8, 2020 1:06pm
Quoting goldencalf
{quote} 1.3365 don't think its so important, like 1.3285, it was gap or something, at least pinbars, good place, look on the left..just don't like checking support so many times in short time, and making lower highs, and if it will be bearish close, looks like a duck
1.3370 - 1.3380 is a zone of strong resistance if you look left, anyway im waiting for a clear break to take it forward though im inclined to the up side
  • #564,410
  • Dec 8, 2020 1:13pm Dec 8, 2020 1:13pm
1.3380 definitely, on 5 min chart nice pinbar, I am just thinking if it will start decline not making new highs, would be bearish, daily candle should close higher when it opened
  • #564,411
  • Dec 8, 2020 1:21pm Dec 8, 2020 1:21pm
GU. Today was a good day. took profits from both swings
  • #564,412
  • Dec 8, 2020 1:23pm Dec 8, 2020 1:23pm
don't like triangles
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  • #564,413
  • Dec 8, 2020 2:22pm Dec 8, 2020 2:22pm
gut feeling, wanted to short so badly, now need to wait, but looks like a duck
  • #564,414
  • Dec 8, 2020 4:17pm Dec 8, 2020 4:17pm
Quoting goldencalf
gut feeling, wanted to short so badly, now need to wait, but looks like a duck
Daily close is indicating signs of bulls kicking-in, lets see if they can push it above 1.34 tomorrow
i have taken a long @1.3350 SL is below 1.3285 and TP is 1.3650
  • #564,415
  • Dec 8, 2020 4:26pm Dec 8, 2020 4:26pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
It looks like the deal is coming.
So, maybe go down just before the announcement, to be a big purchase later.
Just looking..
Studing..............
  • #564,416
  • Dec 8, 2020 4:28pm Dec 8, 2020 4:28pm
Quoting fxmasterdxb
{quote} Daily close is indicating signs of bulls kicking-in, lets see if they can push it above 1.34 tomorrow i have taken a long @1.3350 SL is below 1.3285 and TP is 1.3650
Wish you the best. Waiting for good entry for long.
  • #564,417
  • Dec 8, 2020 4:31pm Dec 8, 2020 4:31pm
Tomorrow is the day when "no deal" may be finally called. A deal, on the other hand, cannot be agreed tomorrow -- although parties may make a step towards it. The risk is therefore skewed to the downside.

An ideal scenario would be for market to drive the price markedly up (to 1.35 area, possibly taking a new high -- as difficult as it may seem now). Then, a relatively safe entry into a short position can be found. I think however that the Brexit jitters would be too much to overcome, and we won't travel north much, if at all.
  • #564,418
  • Dec 8, 2020 4:34pm Dec 8, 2020 4:34pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting VM.
Tomorrow is the day when "no deal" may be finally called. A deal, on the other hand, cannot be agreed tomorrow -- although parties may make a step towards it. The risk is therefore skewed to the downside. An ideal scenario would be for market to drive the price markedly up (to 1.35 area, possibly taking a new high -- as difficult as it may seem now). Then, a relatively safe entry into a short position can be found. I think however that the Brexit jitters would be too much to overcome, and we won't travel north much, if at all.
Studing..............
  • #564,419
  • Dec 8, 2020 4:36pm Dec 8, 2020 4:36pm
There were two good trades today; the first one for 60 pips and the second for 50 pips. The third trade went up as high at 50 pips but is still in limbo since the Renko brick did not close yet.
Attached Image (click to enlarge)
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  • #564,420
  • Dec 8, 2020 4:42pm Dec 8, 2020 4:42pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting Hutch
There were two good trades today; the first one for 60 pips and the second for 50 pips. The third trade went up as high at 50 pips but is still in limbo since the Renko brick did not close yet. {image}
When there is a trend of many pips in a row, these renko maps are fantastic.
Studing..............
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