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Cable Update (GBPUSD)

  • #565,621
  • Dec 15, 2020 4:11am Dec 15, 2020 4:11am
Quoting kk300
Obiviously its a sell market.. but there is one thing that no retailers would give volume of buy inside the gap.. maybe there are London bankers who are buying inside the range of gap. I am suspecting a range bound market until us opens to take it down.
1.3307 is the weekly pivot. it usually spends time 20 pips back and forth the pivot when undecided. 1.3282 would be a clear blow to this
  • #565,622
  • Dec 15, 2020 4:17am Dec 15, 2020 4:17am
Quoting giveachance
{quote} 1.3307 is the weekly pivot. it usually spends time 20 pips back and forth the pivot when undecided. 1.3282 would be a clear blow to this
Your weekly pivot is off by a lot. 1.32767 (GBPUSD@FXCM)
A fool and his money are easily parted
  • #565,623
  • Dec 15, 2020 4:17am Dec 15, 2020 4:17am
Quoting pipfarm
{quote} i am not defending the gap idea , i have no positions open either way, its not about the gap, its about price action, s/r s/d etc,,,, EU was a trend continuation, during a trend price as you know makes HH HL , it is perfectly acceptable for price to gap to a new high after a correction and not retest the prior top especially in a very strong trend. In-fact what retail traders call a break out is completely wrong, a break out is not the break of a prior top during an uptrend, that is a continuation, a long break out is when price trends through...
You always make me laugh with this arguing just for the sake of arguing.
  • #565,624
  • Dec 15, 2020 4:19am Dec 15, 2020 4:19am
Quoting MozzChops
{quote} Your weekly pivot is off by a lot. 1.32767 (GBPUSD@FXCM)
different brokers may have different levels depending on your friday EST closing
  • #565,625
  • Dec 15, 2020 4:22am Dec 15, 2020 4:22am
Tomorrow have a lot od red news. Better wait.

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  • #565,626
  • Dec 15, 2020 4:22am Dec 15, 2020 4:22am
this range has given me three best trades.. lets see how this one rolls out.
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  • #565,627
  • Dec 15, 2020 4:24am Dec 15, 2020 4:24am
Quoting angus
{quote} You always make me laugh with this arguing just for the sake of arguing.

Yeh and it always makes me laugh how members like yourself come here and offer no valuable contribution.
Follow The Markets Structure - Patience and Discipline
  • #565,628
  • Dec 15, 2020 4:27am Dec 15, 2020 4:27am
looks like london wants to take this lower imo. still could change but me read right now.
In tea leaves we trust!
  • #565,629
  • Dec 15, 2020 4:28am Dec 15, 2020 4:28am
Quoting pipfarm
{quote} Your welcome, i have to admit and i say this lightheartedly, i have never noticed this phenomenon that all retraces are done by the 15th of the month
Well, I have spent quite a while just starring at the charts. I noticed this timing idea.. I am still paying attention to it amongst many things I have observed over the years..

After the 15th, main trend takes off after sweeping/retraces .. This is when I bring out the big guns..
  • #565,630
  • Dec 15, 2020 4:29am Dec 15, 2020 4:29am
all levels marked. watch how we rejected R38 yesterday
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  • #565,631
  • Dec 15, 2020 4:33am Dec 15, 2020 4:33am
Quoting pipfarm
{quote} Yeh and it always makes me laugh how members like yourself come here and offer no valuable contribution.
Little light humour and you have to get nasty - that's why I don't come here much.
  • #565,632
  • Dec 15, 2020 4:34am Dec 15, 2020 4:34am
Brexit solved?

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  • #565,633
  • Dec 15, 2020 4:34am Dec 15, 2020 4:34am
Quoting JayBag
{quote} Well, I have spent quite a while just starring at the charts. I noticed this timing idea.. I am still paying attention to it amongst many things I have observed over the years.. After the 15th, main trend takes off after sweeping/retraces .. This is when I bring out the big guns..

You may have something there as the 15th onwards at the moment coincides with interest rate decisions and policy statements , however i am not sure if they have always been released around this time.
Follow The Markets Structure - Patience and Discipline
  • #565,634
  • Dec 15, 2020 4:40am Dec 15, 2020 4:40am
Quoting angus
{quote} Little light humour and you have to get nasty - that's why I don't come here much.

Excuse me, your comment was quite nasty to say that i am arguing for the sake of it, there was no arguing , Jaybag and myself have great respect for each other and were discussing a price action situation when you just popped up out of nowhere with your presumptive comment.

"You always make me laugh with this arguing just for the sake of arguing"
Follow The Markets Structure - Patience and Discipline
  • #565,635
  • Dec 15, 2020 4:44am Dec 15, 2020 4:44am
no !!!!
the return to 1.34000 is here
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yes yes yes
  • #565,636
  • Dec 15, 2020 4:46am Dec 15, 2020 4:46am
Quoting pipfarm
{quote} You may have something there as the 15th onwards at the moment coincides with interest rate decisions and policy statements , however i am not sure if they have always been released around this time.
And to be honest, I had no idea about the interest rate decision as I don’t look an news or related. Anyway, let’s see how it all goes..

I expect some action soon
SS
  • #565,637
  • Dec 15, 2020 4:55am Dec 15, 2020 4:55am
ftse - looks like they are sellin this rally. so might be a positive for cable.
In tea leaves we trust!
  • #565,638
  • Dec 15, 2020 5:07am Dec 15, 2020 5:07am
Quoting Mcbeaners
ftse - looks like they are sellin this rally. so might be a positive for cable.
ftse seasonally is bullish this time around the year till april
  • #565,639
  • Dec 15, 2020 5:09am Dec 15, 2020 5:09am
Quoting giveachance
{quote} ftse seasonally is bullish this time around the year till april
sure, but i see they are selling this rally today. that is all that matters for moment.
In tea leaves we trust!
  • #565,640
  • Dec 15, 2020 5:14am Dec 15, 2020 5:14am
The squeeze on H1 .. You don’t want to be on the wrong side of this incoming BO..

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