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Cable Update (GBPUSD)

  • #565,581
  • Dec 15, 2020 2:46am Dec 15, 2020 2:46am
Good Morning Gang,

I may get rocks thrown here on this one,
But Alessio R. has a pretty good little video on this subject. You may like him,
or not, -not my concern here.
But on Topic, there is 'Consideration between "Gap Up's vs. Gap Down's".

Roll to a little after 4 min's here, and he will get into the Subject.
The Long & Short of it is, Gap DOWN's Get Filled Way MORE often,
than Gap UP's, and may never or less likely get filled, until some time.

Good Video, Check it, U Like, It's still a Magnet of Sorts,
as we've noted due to other Various Reason(s). Here you go:
Inserted Video
I will work to Objectively Identify my Edges
  • #565,582
  • Dec 15, 2020 2:46am Dec 15, 2020 2:46am
Quoting Moty
Be carfull They will try to trap sellers with the gap close fantasy I am long {image}
no worries, Trailing ON
Suro Diro Joyoningrat Lebur Dening Pangastuti
  • #565,583
  • Dec 15, 2020 2:47am Dec 15, 2020 2:47am
Quoting Sang.Real
{quote} GU No traction. Price not going anywhere. {image}

GU

SL hit

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  • #565,584
  • Dec 15, 2020 2:50am Dec 15, 2020 2:50am
Quoting pipfarm
{quote} Ok found it 24/4/2017 , so one occasion means nothing, i did say eventually all gaps are filled, and the gap in 2017 was not a b/o , price had already been in a larger degree trend and after a correction within the minor trend price gapped up to continue the trend , perfectly acceptable gap and not necessary to fill as there was nothing that needed retesting. During an up trend or downtrend price does not necessarily come back to test the previous top or bottom but in cables case the 4H downtrend support was broken so it will get retested....
There are many occasions and can show you if you want..
Thing is, I am not saying gaps don't get filled. I am saying they don't get filled when you and I want it to fill.. they take thier own time just like that of EU filling after 3 years
  • #565,585
  • Dec 15, 2020 2:53am Dec 15, 2020 2:53am
Quoting Maximumheigh
Good day friends. Offloaded some shorts. Some still running. We should have a closed gap. {image}
Good day friends. Offloaded some shorts. Some still running till my TP.
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  • #565,586
  • Dec 15, 2020 2:54am Dec 15, 2020 2:54am
Quoting goldencalf
{quote} to much Trump conspiracy in your head
How did Trump get into this? Are you infatuated with him?
Lost....
  • #565,587
  • Dec 15, 2020 2:55am Dec 15, 2020 2:55am
Quoting JayBag
{quote} There are many occasions and can show you if you want.. Thing is, I am not saying gaps don't get filled. I am saying they don't get filled when you and I want it to fill.. they take thier own time just like that of EU filling after 3 years

I gave you a perfectly reasonable explanation of why that gap 3 years ago was not filled immediately, the long and short of it is that it depends on the gaps position within the overall context of price action, even if the current gap on cable had not been there price will still come back to test the support that was broken with the swing up.

When i originally said the gap must be filled ,i guess i did not explain why.
Follow The Markets Structure - Patience and Discipline
  • #565,588
  • Dec 15, 2020 2:55am Dec 15, 2020 2:55am
Quoting Sang.Real
{quote} GU SL hit {image}
Sorry Sang..

SL are a mess .. I rather trade lot according to my account size and have exit point where I close manually if things don't go as planned. (This is how I personally trade and I am not advising anyone to trade this way too)

SL is a huge mess.. Don't be surprised, after taking you out, we going to have a new HIGH
  • #565,589
  • Dec 15, 2020 2:56am Dec 15, 2020 2:56am
Quoting gespiri
This need to "breathe" down first before going up. Sold @ 1.3427, TP 1.3306, SL 1.3450
Great call!
  • #565,590
  • Dec 15, 2020 2:57am Dec 15, 2020 2:57am
Never Carry Last.
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Le$$ I$ More
  • #565,591
  • Dec 15, 2020 2:58am Dec 15, 2020 2:58am
They went for the round number
the gap can wait
They will play on that gap a lot
The trapping is here
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yes yes yes
  • #565,592
  • Dec 15, 2020 3:00am Dec 15, 2020 3:00am
Quoting pipfarm
{quote} I gave you a perfectly reasonable explanation of why that gap 3 years ago was not filled immediately, the long and short of it is that it depends on the gaps position within the overall context of price action, even if the gap had not been there price will still come back to test the support that was broken with the swing up
You lost me there bud.
You mentioned that the Eu wasn't a BO.. Now you saying price still comes back to test a broken support? Is a broken support not classified as a BO?

Not an attack, just trying to understand better.
I also get it that you want price to go south and retest hence you defending the GAP idea.

However, I tend to disagree
  • #565,593
  • Dec 15, 2020 3:00am Dec 15, 2020 3:00am
Quoting JayBag
{quote} Sorry Sang.. SL are a mess .. I rather trade lot according to my account size and have exit point where I close manually if things don't go as planned. (This is how I personally trade and I am not advising anyone to trade this way too) SL is a huge mess.. Don't be surprised, after taking you out, we going to have a new HIGH
i agree they just wanna hunt our SL then bounce back and leave us with sadness and sorrow..
Trade what you see, not what you think.. react and stay sharp..
  • #565,594
  • Dec 15, 2020 3:03am Dec 15, 2020 3:03am
Quoting JayBag
{quote} Sorry Sang.. SL are a mess .. I rather trade lot according to my account size and have exit point where I close manually if things don't go as planned. (This is how I personally trade and I am not advising anyone to trade this way too) SL is a huge mess.. Don't be surprised, after taking you out, we going to have a new HIGH

Yep.

Learning curved.

Always willing to lose 1%-2% per trade.

I'm okey with that, as long still having capital intact to trade for another round.

Waiting for nice set up to trade later ( if any).

Meanwhile, back to my classroom "Youtube"
  • #565,595
  • Dec 15, 2020 3:03am Dec 15, 2020 3:03am
Quoting Moty
They went for the round number the gap can wait They will play on that gap a lot The trapping is here {image}
Damnn M, you know RB like your palm now.. I am proud of you FR..

Bunch of trappers just around here and many of us will fall into it without a plan.
  • #565,596
  • Dec 15, 2020 3:04am Dec 15, 2020 3:04am
and now after that down move i wont be surprised if i see up move on play..
Trade what you see, not what you think.. react and stay sharp..
  • #565,597
  • Dec 15, 2020 3:05am Dec 15, 2020 3:05am
Quoting miedpreneur
{quote} i agree they just wanna hunt our SL then bounce back and leave us with sadness and sorrow..
They can't help it ..

Even worse, there's a BAIT 'The GAP' ... Trust they will milk it for what it's worth
  • #565,598
  • Dec 15, 2020 3:09am Dec 15, 2020 3:09am
Quoting Wavegarrick
{quote} Hi Guys, It has been a great week. I must thank all of you for your support and likes. It truly keeps me going. Thanks guys The AB=CD pattern played out nicely and thanks Coreg for confirmation. I stay with my short trades until my system tells me otherwise. Have a great weekend. Cheers. {image}
Hi Guys,
I am getting bullish confirmation signals. Buy trade opened at 1.33057.
Have a great day.
Cheers
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Trade to trade another day
  • #565,599
  • Dec 15, 2020 3:09am Dec 15, 2020 3:09am
a little deeper then expected but right on queue.
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In tea leaves we trust!
  • #565,600
  • Dec 15, 2020 3:11am Dec 15, 2020 3:11am
Actually Enjoying
The Price Action, here coming back up to "kiss",
the Tenkan-sen on the Ichimoku Cloud. -Nice stuff.
Various other components, draw as magnets, yes i know...

We Dismantled the 50% as 'had hoped yesterday, now for the 61_8 i would hope,
or "Gap_Filling", 'may take awhile w/some "Ping-Pong" up/down, we're Driving the Limo / Caddy down that way.

Heck, i'd like a 78.6, while we're at it if you like, and it'd still be bullish for me.
Your call...
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I will work to Objectively Identify my Edges
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