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Cable Update (GBPUSD)

  • #566,081
  • Dec 16, 2020 11:59am Dec 16, 2020 11:59am
Quoting montygoldy
{quote} its slowly crawling down.... with FOMC can be a catalyst for daily red..... anything can happen..
It might be heading down to even fill the gap.
  • #566,082
  • Dec 16, 2020 11:59am Dec 16, 2020 11:59am
...fomc to come...short $ scenario is the most likely outcome but doesn't mean it will happen. 76.4% of the daily climb from 3434 to 3554 given back now at the current pullback lo - price - a little bounce from there and @ base of prev sw hi zone from last weds, = prev res = pot (potential ) rbs (res becomes supp.) 4hr below.
Attached Image
Trader with an Edge.
  • #566,083
  • Dec 16, 2020 12:01pm Dec 16, 2020 12:01pm
Quoting Hunterrus84
{quote} up to you mate, time will show who is superb UPD: last buy from 3475 is taken out at 65, so better wait for new SM for longs, and still have a good long from yesterday
Good for you and thanks for your time
  • #566,084
  • Dec 16, 2020 12:04pm Dec 16, 2020 12:04pm
Quoting Moty
{quote} stopped out ! waiting for reversal to enter again short {image}
I would suggest if you want to go no SL way like i do... reduce the trade size... so u will have more room before a margin call......
Extreme gut feeling trader
  • #566,085
  • Dec 16, 2020 12:05pm Dec 16, 2020 12:05pm
Now,

You all & the Market will be the Judge if Wave-5 is done on the Weekly...

Here's Some Possibilities for Wave Set's to Finish, for those "Longing" for North.
A 23.6 / towards the 38.2 has been "had", can more happen for this for the Shorts sure.

Here's the Ball Game, and you discount what doesn't fit for you-
Again, "You Make the Sports Call". I say they drive it where they want,
for either UP or Down. Here you go:
Attached Image (click to enlarge)
Click to Enlarge Name: 12_16_2020 GBP_USD DAILY Chart Numbering_WHERE we Appear IN W-3_of the W-5 Wkly.png Size: 96 KB
I will work to Objectively Identify my Edges
  • #566,086
  • Dec 16, 2020 12:13pm Dec 16, 2020 12:13pm
...3848-54 is a 3 fib cluster of fibs from significant swing lo's to the current 3554 1hr+ uptrend hi
Trader with an Edge.
  • #566,087
  • Dec 16, 2020 12:14pm Dec 16, 2020 12:14pm
Quoting montygoldy
{quote} I would suggest if you want to go no SL way like i do... reduce the trade size... so u will have more room before a margin call......
yes but i can stop my self from adding when i see the trade running and winning
and sometimes it turns on me and then i have a problem
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 64 KB
yes yes yes
  • #566,088
  • Dec 16, 2020 12:27pm Dec 16, 2020 12:27pm
My UPD now:
3470 added one more SM to long and we have 3 previous SMs from today before, there are still here with us, market can rock up soon
Attached Image (click to enlarge)
Click to Enlarge Name: abd46349782396122a2593ee2095d362.png Size: 204 KB
Always Defend your investment 1775
  • #566,089
  • Dec 16, 2020 12:31pm Dec 16, 2020 12:31pm
Quoting Moty
{quote} yes but i can stop my self from adding when i see the trade running and winning and sometimes it turns on me and then i have a problem {image}
I sold GU from the top at the 1.35 level for 2 times.The first one being 2 weeks ago and the other one which is obviously now as I have profited twice in both occasions in which I caught for 500 points(50 pips).Done and dusted. It is time to sleep .
  • #566,090
  • Dec 16, 2020 12:44pm Dec 16, 2020 12:44pm
Good Work Roshan,
And MOTY, w/your SHORTS...

Now, If you Could "SLAP" that CARNI-GAME Moty,
w/your "SLEDGE HAMMER" for 'UP', that would be greatly
appreciated, -while we have this "LULL" here,
Unless you aren't done w/it yet.... We will Understand!

Attached Image

I see You Working Moty
I will work to Objectively Identify my Edges
  • #566,091
  • Dec 16, 2020 12:47pm Dec 16, 2020 12:47pm
For a WAVE-5 MOTY,

This should be VIOLENT & DECISIVE,
HIT IT AGAIN, Some More MATE,
A FEW MORE TRIES, "FINE by ME"...
I will work to Objectively Identify my Edges
  • #566,092
  • Dec 16, 2020 12:57pm Dec 16, 2020 12:57pm
another drop is coming
put pending order at the 50 % retracement
sl above 61.8 %
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 18 KB
yes yes yes
  • #566,093
  • Dec 16, 2020 12:59pm Dec 16, 2020 12:59pm
Quoting Coreg2004
{quote} nothing new today, GU still in an uptrend...min target for C reached @1.35486, now the next target is AB=CD @1.3592...stay tuned. {image}
I know that market will humble every one of us at some point. (disclaimer: I have it behind me )
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12.16.30M.b.png Size: 89 KB
Always trade your own plan...I don't provide trading signals.
  • #566,094
  • Dec 16, 2020 1:02pm Dec 16, 2020 1:02pm
I Tell you what Moty,

Just LOAN me that Carni-Sledge Hammer,
to MY 61_8 at Least,
I'll toss it back to you...

Attached Image (click to enlarge)
Click to Enlarge Name: 12_16_2020 GBP_USD Possible Wave_B or 2 UP.png Size: 55 KB


Please... !
I will work to Objectively Identify my Edges
  • #566,095
  • Dec 16, 2020 1:11pm Dec 16, 2020 1:11pm
Quoting TerpFan2
I Tell you what Moty, Just LOAN me that Carni-Sledge Hammer, to MY 61_8 at Least, I'll toss it back to you... {image} Please... !
here , i am using it .
down down and below
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 31 KB
yes yes yes
  • #566,096
  • Dec 16, 2020 1:13pm Dec 16, 2020 1:13pm
EURUSD losing the trendline, next week i'll see some point for to sell.

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Together we can be strongest
Vantage Return This Month: na
  • #566,097
  • Dec 16, 2020 1:19pm Dec 16, 2020 1:19pm
dx is forming nice daily bullish candle
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx.png Size: 20 KB
Click to Enlarge Name: gu1.png Size: 24 KB
yes yes yes
  • #566,098
  • Dec 16, 2020 1:19pm Dec 16, 2020 1:19pm
Quoting TerpFan2
I Tell you what Moty, Just LOAN me that Carni-Sledge Hammer, to MY 61_8 at Least, I'll toss it back to you... {image} Please... !

The hammer man seems to be visiting EUR today
  • #566,099
  • Dec 16, 2020 1:19pm Dec 16, 2020 1:19pm
Quoting Moty
{quote} here , i am using it . down down and below {image}
Superb style of trading
  • #566,100
  • Dec 16, 2020 1:24pm Dec 16, 2020 1:24pm
Quoting Waveskierrob
{quote} Superb style of trading
it depends how far you can see....I agree I didn't see SM for shorts today, it means we are still bullish
Always Defend your investment 1775
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