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Cable Update (GBPUSD)

  • #567,021
  • Dec 20, 2020 7:56pm Dec 20, 2020 7:56pm
...couldn't sleep as had a short open - just closed...50% 3107-3624 @ current dly lo in that prev 1hr sw lo zone =prev supp=pot supp shown on 1hr below. Next fibs of major swing lo's to 3624 sw hi are 3360, 3353, then 3350.

Price now beyond Dly S3 and 76.4% downside extension of friday's pip range/dly candle.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #567,022
  • Dec 20, 2020 8:02pm Dec 20, 2020 8:02pm
try scalp long @1.337 for 30 pips lets see
Trade what you see, not what you think.. react and stay sharp..
  • #567,023
  • Dec 20, 2020 8:05pm Dec 20, 2020 8:05pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Quoting miedpreneur
try scalp long @1.337 for 30 pips lets see
Be carefull
Studing..............
  • #567,024
  • Dec 20, 2020 8:06pm Dec 20, 2020 8:06pm
Quoting RickM
{quote} Hi ZTrader Low liquidity means price cannot expand away from core density, ..... easy money. It’s therefore a high probability trade to fade the market during low . . move.

Who told you so???

So breakouts go away because you think so???


Ignored bubba
Beware of robber banks (RB), bad advisors.
  • #567,025
  • Dec 20, 2020 8:08pm Dec 20, 2020 8:08pm
Quoting Rgkc
{quote} Be carefull
ok.. tight sl-10 pips set..
Trade what you see, not what you think.. react and stay sharp..
  • #567,026
  • Dec 20, 2020 8:09pm Dec 20, 2020 8:09pm
Quoting OnlineAddict
{quote} No, there will still be talks, possible extensions...EU won't let this go easy...they are desperate and broke.



You're a liar and UK is broke.

Fixed yoo lies

When's that 1.45
??

Ooops.




Not-KPMG checking the chart


Ohh Not-KPMG was right
Beware of robber banks (RB), bad advisors.
  • #567,027
  • Dec 20, 2020 8:16pm Dec 20, 2020 8:16pm
The new adding orders with 20 pips sl and tp is here
Attached Image (click to enlarge)
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yes yes yes
  • #567,028
  • Dec 20, 2020 8:18pm Dec 20, 2020 8:18pm
Quoting miedpreneur
{quote} ok.. tight sl-10 pips set..
Maaaan

I didn't know 10 pips existed as something in pound
Beware of robber banks (RB), bad advisors.
  • #567,029
  • Dec 20, 2020 8:18pm Dec 20, 2020 8:18pm
Quoting BitcoinBoff
{quote} I hear ... , and in any case, its extreme high risk, one wrong move and that acc is blown. Im .... e on risk I DO NOT LOOSE A TRADE ..... spending 97hrs a week in front of the screen , doing NOTHING else than sleep, wake, charts, repeat anything IS possible
If you spend 97 hours a week it's sad waste and you're doing it wrong.

If you don't lose you're liar or incompetent. . .


What was that??? One wrong and account blown???
Don't lose
Good trader ehhh



Yep ignored.


Hint: I spent maybe 1-2 hours a week, mostly thinking and shuffling limits. I take some losses yes.

Sue me
Beware of robber banks (RB), bad advisors.
  • #567,030
  • Dec 20, 2020 8:19pm Dec 20, 2020 8:19pm
Quoting Not-KPMG
{quote} Who told you so??? So breakouts go away because you think so??? Ignored bubba
No , breakouts collapse because if volume ceased to increase markedly, expansion cannot occur and therefore price retraces.

This is a basic law of trading the markets , please don’t tell me you are not aware of this fact.
Seriously you don’t know this?
Trading thin liquidity at the boundary of the charts
  • #567,031
  • Dec 20, 2020 8:23pm Dec 20, 2020 8:23pm
Quoting Not-KPMG
{quote} Maaaan I didn't know 10 pips existed as something in pound
lol haha.. near hit ..

ups why not hit.. o i see my -10 pips is below s/r zone on my chart..
maybe 10 pips is not mean anything on GU but theres a reason i put my SL at there i see s/r level on my chart..
Trade what you see, not what you think.. react and stay sharp..
  • #567,032
  • Dec 20, 2020 8:23pm Dec 20, 2020 8:23pm



Nuf' said
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Beware of robber banks (RB), bad advisors.
  • #567,033
  • Dec 20, 2020 8:23pm Dec 20, 2020 8:23pm
Quoting montygoldy
{quote} I feel u man ... i was lucky my tp was hit on last 5min candle on friday.... otherwise i would have margin call .... btw i opened a long just now for tp 1.34300... can see that touching this on 4h candle
Bad idea.
Subscribe to me and follow my trading!
  • #567,034
  • Dec 20, 2020 8:27pm Dec 20, 2020 8:27pm
Quoting miedpreneur
{quote} lol haha.. near hit .. ups why not hit.. o i see my -10 pips is below s/r zone on my chart.. maybe 10 pips is not mean anything on GU but theres a reason i put my SL at there i see s/r level on my chart..

if broke and hit my sl then its open to 1.332.. so i rather lost -10 pips than have to face min -50 pips..

but on the other hand if bounce and hold.. then it could open to 1.343 area
Trade what you see, not what you think.. react and stay sharp..
  • #567,035
  • Dec 20, 2020 8:29pm Dec 20, 2020 8:29pm
I notice Not-KPMG ignores 805 traders

ha ha
Trading thin liquidity at the boundary of the charts
  • #567,036
  • Dec 20, 2020 8:33pm Dec 20, 2020 8:33pm
Bitcoin 300 dollllaaaa up.

Pound 160 pips down

When 1.45??



Not-KPMG yawns.



Not bad first 4 hours of the week

Take "small" profits.
Rinse and repeat
Beware of robber banks (RB), bad advisors.
  • #567,037
  • Dec 20, 2020 8:34pm Dec 20, 2020 8:34pm
straight drop to s2.

Surprising to see this volume in the year end
Intraday only.
  • #567,038
  • Dec 20, 2020 9:00pm Dec 20, 2020 9:00pm
will attack 1.3280
  • #567,039
  • Dec 20, 2020 9:15pm Dec 20, 2020 9:15pm
Quoting Qu|cksilver
Hi, Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
As most people said, it might continue to be bullish but it will pull back.
  • #567,040
  • Dec 20, 2020 9:24pm Dec 20, 2020 9:24pm
Quoting trumps
Did anyone really expect a deal to be reached over the weekend?
majority of forexfactory traders are short.. so we will go long.. lol if you trade with this logic you will surely blow your account and you would have with your ultra bullish approach.

CFTC positioning for week ending Dec 16 is flat. both longs and shorts have been trimmed. they are light in wake of brexit. so dont expect major moves from here

Quoting Hunterrus84
{quote} Hey, Hi, Moty, pay attention to my zones it can help you make decision, Thursday's 3469 SM long was not taken out, and it is not a coincidence. {image}
so are they taken out now @3469. they did not tell you to short on friday?

3432 is weekly pivot. 3302 is support. take your pick
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