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Cable Update (GBPUSD)

  • #567,401
  • Dec 21, 2020 1:37pm Dec 21, 2020 1:37pm
Quoting Georginson
{quote} Sold 1.3370 target 1.3020...
Second sell added 1.3485 ... Target 1.3020... great short opportunity with the spike
Data + Stat + Risk/Emotions Management
  • #567,402
  • Dec 21, 2020 1:37pm Dec 21, 2020 1:37pm
Full margin sell?
  • #567,403
  • Dec 21, 2020 1:38pm Dec 21, 2020 1:38pm
Quoting nessus94
{quote} Positive close good Bulls
Disagree, this is a trap for bulls.
The only positive thing that may still happen is Brexit deal. If it does, maybe we will touch 1.37. It will go down after that.
If Brexit deal does not happen, it won't set a new high IMHO.
  • #567,404
  • Dec 21, 2020 1:38pm Dec 21, 2020 1:38pm
Quoting ChiForex
Surprise news....however continous spike might take the pair to around 1.3570 Money Management work in such days more than levels.

...well even today it came off a potential support confluence @ the current and likely dly lo, that I pointed out twice ahead of the event, and in treal-time. Ie ascending t/line joining 2854 with 3134, 88.6% 3134-3624, Mthly Pivot and top pof the dly/wkly part of the prev 1hr/4hr/dly/wkly sw lo zone = prev supp = pot (potential) supp leading down to said 3134, and with price @ > 300% of 30 day adr, >100% of 13week awr (on 1st day of week) and greater than the 200% downside extension of fri's dly candle...it was a hi-probability buy.
Trader with an Edge.
  • #567,405
  • Dec 21, 2020 1:39pm Dec 21, 2020 1:39pm
Quoting VM.
{quote} Disagree, this is a trap for bulls. The only positive thing that may still happen is Brexit deal. If it does, maybe we will touch 1.37. It will go down after that. If Brexit deal does not happen, it won't set a new high IMHO.
Partly agree......it might've been priced in already at these levels.
A deal might drop this like deadwood.....we'll see.
Lost....
  • #567,406
  • Dec 21, 2020 1:40pm Dec 21, 2020 1:40pm
Quoting trumps
There are far too many traders and lots short GBPUSD https://www.forexfactory.com/trades
FF market has not flipped long yet (EOD traders data is watched).
Compulsions can be hard to resist
  • #567,407
  • Dec 21, 2020 1:42pm Dec 21, 2020 1:42pm
Quoting miedpreneur
{quote} can you shared your setting on MACD? if you dont mind

I don't use macd, what you see are 2 separate proprietary oscillator custom indicators I had built, overlaid on each other, so the settings would be irrelevant to you. Sorry I can't help.
Trader with an Edge.
  • #567,408
  • Edited 2:03pm Dec 21, 2020 1:42pm | Edited 2:03pm
F***K
and they say you can not make $1million in forex. Well, maybe the broker might be a pain in the butt.
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Le$$ I$ More
  • #567,409
  • Dec 21, 2020 1:44pm Dec 21, 2020 1:44pm
Quoting Headland
{quote} I don't use macd, what you see are 2 separate proprietary custom indicators I had built, overlaid on each other, so the settings would be irrelevant to you. Sorry I can't help.
ok thx for answering ..
Trade what you see, not what you think.. react and stay sharp..
  • #567,410
  • Dec 21, 2020 1:45pm Dec 21, 2020 1:45pm
Quoting VM.
{quote} Disagree, this is a trap for bulls. The only positive thing that may still happen is Brexit deal. If it does, maybe we will touch 1.37. It will go down after that. If Brexit deal does not happen, it won't set a new high IMHO.
It is not a trap yet
daily suggests more rise

unless in the next few days we have big reversal
but 1,40 is a target
Make money by doing the opposite of Giveachance aka loser
  • #567,411
  • Dec 21, 2020 1:50pm Dec 21, 2020 1:50pm
Quoting gespiri
{quote} Partly agree......it might've been priced in already at these levels. A deal might drop this like deadwood.....we'll see.
Very well put... This is a wonderful sell opportunity...
Data + Stat + Risk/Emotions Management
  • #567,412
  • Dec 21, 2020 1:50pm Dec 21, 2020 1:50pm
Quoting Roszey
F***K and they say you can not make $1million in forex. Well, maybe the broker might be a pain in the but. {image}
If you can lose any amount in FX, you definitely can make any amount in FX..

it it doesn’t work one way..
BlessUp bro.. Last Last na Juju be that
  • #567,413
  • Dec 21, 2020 1:50pm Dec 21, 2020 1:50pm
i will not follow this spike blindly.. cause i have bearish hidden divergent on my chart need to watch it first how PA react so i will step a side for a while
Trade what you see, not what you think.. react and stay sharp..
  • #567,414
  • Dec 21, 2020 2:03pm Dec 21, 2020 2:03pm
Productive little trip back to desk...serendipity ! - that's it for me...1hr is below, and leading to thursday's 1hr double top @ 3624 there is that 3617 = 38.2% 7188-1411. 1hr below. Back during tomorrow's London session.
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Trader with an Edge.
  • #567,415
  • Dec 21, 2020 2:04pm Dec 21, 2020 2:04pm
Quoting JayBag
{quote} If you can lose any amount in FX, you definitely can make any amount in FX.. it it doesn’t work one way.. BlessUp bro.. Last Last na Juju be that
i tell you na Juju proper for Ghana

hahahaha
Le$$ I$ More
  • #567,416
  • Dec 21, 2020 2:05pm Dec 21, 2020 2:05pm
Quoting Roszey
F***K and they say you can not make $1million in forex. Well, maybe the broker might be a pain in the butt. {image}
well done mate. hope to get there one day
Twitter: Rummer_grapes
  • #567,417
  • Dec 21, 2020 2:28pm Dec 21, 2020 2:28pm
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yes yes yes
  • #567,418
  • Dec 21, 2020 2:39pm Dec 21, 2020 2:39pm
Quoting Moty
{image}{image}
Is better wait more.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #567,419
  • Dec 21, 2020 2:43pm Dec 21, 2020 2:43pm
Quoting Moty
{image}{image}
For while it's rising.

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #567,420
  • Dec 21, 2020 3:01pm Dec 21, 2020 3:01pm
Quoting palpite
{quote} Is better wait more.

i see a very ugly h&s
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yes yes yes
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