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Cable Update (GBPUSD)

  • #566,461
  • Dec 17, 2020 7:32am Dec 17, 2020 7:32am
Quoting Mcbeaners
{quote} yup . bought some more.
already placed.. sitting there nicely on the wick..
Trade what you see, not what you think.. react and stay sharp..
  • #566,462
  • Dec 17, 2020 7:33am Dec 17, 2020 7:33am
Quoting TerpFan2
P.S. Just do the OPPOSITE, of anything i suggest... It's like I've got that 'Castanza' disease of just doing the Opposite today. https://youtu.be/SclV-UWM4Gw


To easy your pain, look at the 15 min chart again go back over all the areas where there is a correction, would you of made money trading those , i doubt it, so at the moment we think this is a correction and the operative words being at the moment, we are not top and bottom pickers , leave that to the losers.

If the 15 minute is your base timeframe and this move turns into something else then there will be an opp to take the best part of the move. Never kick yourself for not taking the first part of the move.

This could easily turn into a much better long continuation trade , watch for the turn on the 5 minute.
Follow The Markets Structure - Patience and Discipline
  • #566,463
  • Dec 17, 2020 7:38am Dec 17, 2020 7:38am
Quoting pipfarm
{quote} To easy your pain, look at the 15 min chart again go back over all the areas where there is a correction, would you of made money trading those , i doubt it, so at the moment we think this is a correction and the operative words being at the moment, we are not top and bottom pickers , leave that to the losers. If the 15 minute is your base timeframe and this move turns into something else then there will be an opp to take the best part of the move. Never kick yourself for not taking the first part of the move. This could easily turn into...
No brexit deal that's it GU to the south
  • #566,464
  • Dec 17, 2020 7:41am Dec 17, 2020 7:41am
Alright Jay,

"Rejoined the Herd"...
'Hope to see you in the 1.3640's to the 1.3660's...

-Somewhere in there, be fine by me, Off another External Fib Retracement,
from the True Wave-4, -if that's what just happened.

'Hoping She'll Attack the North Now, and please, No One, -"Don't say Jeff said!'"!
Just working on the Probabilities, that are in front of us.

Peace out Gang...

Attached Image (click to enlarge)
Click to Enlarge Name: 12_17_2020 GBP_USD LONG for the 1_272 and 1_618 off of Wave 4.png Size: 48 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 12_17_2020 GBP_USD LONG TARGETs for the 1_272 and 1_618 off of Wave 4.png Size: 58 KB
I will work to Objectively Identify my Edges
  • #566,465
  • Dec 17, 2020 7:42am Dec 17, 2020 7:42am
usdcad is cooking something nice 5mim
99.9% persistence
  • #566,466
  • Dec 17, 2020 7:43am Dec 17, 2020 7:43am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #566,467
  • Dec 17, 2020 7:45am Dec 17, 2020 7:45am
Quoting Roshan23
{quote} No brexit deal that's it GU to the south

Great more pips in the bag
Follow The Markets Structure - Patience and Discipline
  • #566,468
  • Dec 17, 2020 7:50am Dec 17, 2020 7:50am
Quoting pipfarm
{quote} To easy your pain, look at the 15 min chart again go back over all the areas where there is a correction, would you of made money trading those , i doubt it, so at the moment we think this is a correction and the operative words being at the moment, we are not top and bottom pickers , leave that to the losers. If the 15 minute is your base timeframe and this move turns into something else then there will be an opp to take the best part of the move. Never kick yourself for not taking the first part of the move. This could easily turn into...
Thanks PipFarm,
Yeah i "Sniped" an Entry right at the 1.618 off of the 1Hr Wave-4 for "SHORT" of the Uptrend,
LooKing for the 23_6 to 38_2 Retracement. I got a perfect entry for that. I got the 23_6 but was wanting of course the 38_2.
After that Last Sucker UP move, North and waiting a couple hr's, i closed out w/some scraps.

I'll attach my entry- That by itself was picture perfect for the particular trade.
But you're right, prayerfully, more for the Long Haul Here. I'm Long (NOW), -Here was my Short Targeted Entry:
Attached Image (click to enlarge)
Click to Enlarge Name: 12_17_2020 GBP_USD SHORT after What Appears EOW-3 of 5.png Size: 67 KB


P.S. 'Scraps ended up a Baker's Dozen, fine not a loss, no big deal. Just Loathed that Wedge... But that's part of the game too.
Peace out, Thanks for your Input, -as always
I will work to Objectively Identify my Edges
  • #566,469
  • Dec 17, 2020 7:53am Dec 17, 2020 7:53am
when price is above the 50 liner weighted band take long when green bar appears , exit when red candle appear
when price is below the 50 liner weighted band take short when red bar appears , exit when green candle appear
Attached Image (click to enlarge)
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DX is awaking
Attached Image (click to enlarge)
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yes yes yes
  • #566,470
  • Dec 17, 2020 7:59am Dec 17, 2020 7:59am
spike lee latest flick is said to called "violent moves coming".
In tea leaves we trust!
  • #566,471
  • Dec 17, 2020 8:02am Dec 17, 2020 8:02am
Quoting Moty
when price is above the 50 liner weighted band take long when green bar appears , exit when red candle appear when price is below the 50 liner weighted band take short when red bar appears , exit when green candle appear{image} DX is awaking {image}
Moty,
Are you using MA candles?
Thanks.
  • #566,472
  • Dec 17, 2020 8:03am Dec 17, 2020 8:03am
Quoting Mcbeaners
spike lee latest flick is said to called "violent moves coming".
John wick the hitman came outa nowhere on the Hourly
Follow The Markets Structure - Patience and Discipline
  • #566,473
  • Dec 17, 2020 8:07am Dec 17, 2020 8:07am
Quoting navk
{quote} an example of how to trade even 1 minute chart. three moving averages agree + three trends agree + signal ( buy or sell ) {image} {image}
Hi, you mind pointing me to the 3 ma indicator? Thanks.
  • #566,474
  • Dec 17, 2020 8:07am Dec 17, 2020 8:07am
Lots of wicks, possibly stop hunting? It is ready to move up?
  • #566,475
  • Dec 17, 2020 8:09am Dec 17, 2020 8:09am
Quoting pipfarm
{quote} John wick the hitman came outa nowhere on the Hourly
i heard of that flim "The longest hour" was the inspiration.
In tea leaves we trust!
  • #566,476
  • Dec 17, 2020 8:10am Dec 17, 2020 8:10am
Quoting pipfarm
{quote} John wick the hitman came outa nowhere on the Hourly
Ok that takes it for me today
  • #566,477
  • Edited 8:29am Dec 17, 2020 8:17am | Edited 8:29am
Same set up on the Gbpjpy hourly makes a retracement , one dimensional traders try to short on the 15 minute because the minor support was broken but the larger degree swing is up on the hourly , market makes the abc , minor trend traders suckered into short bang Mr Banker swings it back up takes out the short and moves it with no chance for the shorts to exit.

Who needs smart money secret levels when they are right in front of us on the screen


Now for the reality

Mr Banker was not trying to take Mr Retail out, his client simply wanted to fill his orders at a lower level so Mr Banker obliged by placing limit orders at a price lower than market price and Mr Market obliged by meeting him at those levels to carry out the transaction.

Mr Retail simply did not understand the price action and lost his money to Mr Banker who was kind enough to give him the chance to trade using his capital as liquidity.
Follow The Markets Structure - Patience and Discipline
  • #566,478
  • Dec 17, 2020 8:19am Dec 17, 2020 8:19am
Quoting MidnightRun
{quote} Moty, Are you using MA candles? Thanks.
yes

Quoting Sepp1985
{quote} Hi, you mind pointing me to the 3 ma indicator? Thanks.
Attached Image (click to enlarge)
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yes yes yes
  • #566,479
  • Dec 17, 2020 8:41am Dec 17, 2020 8:41am
Quoting pipfarm
{quote} John wick the hitman came outa nowhere on the Hourly
Lets hope that John Wick and Spike Lee can take out Bruce Lee. Crumbs I am feeling Sick Lee. I have a 50 Ninja pip stop loss.
Only momentum trade and will lock in asap. Festive season upon us
Trade safe Guys.
Cheers
Attached Image (click to enlarge)
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Trade to trade another day
  • #566,480
  • Dec 17, 2020 8:45am Dec 17, 2020 8:45am
some fundie dollar news in the works imo. jpyusd, mxnusd and gbpusd all setup long. doubt it will be today, tomorrow maybe?

is trumpet going to use "foreign election interference" exe order on binen and co? pop corn at the ready.


edit - add gold and silver also.
In tea leaves we trust!
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