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Cable Update (GBPUSD)

  • #567,601
  • Dec 22, 2020 5:55am Dec 22, 2020 5:55am
Quoting JayBag
{quote} You figured we could use Bruce’s help?
we can't do it without him
  • #567,602
  • Dec 22, 2020 6:03am Dec 22, 2020 6:03am
The Monthly MT4 & again, Dynamic Traders Weekly Chart...

Notice we HAVE pierced the I. Cloud a 2nd time. -Awesome.
This time even further. I still have a 'pension' for longs,
However this Wave Set has had three good sets.
If we finish out this wave set (Monthly) stronger, fine.

It's still gonna "Drop", out of sheer necessity; for a breather & a drink
of water...
Then she can hit a Huge Wave Three, which will go WAY-UP,
in weeks to come, against the Dollar. -We shall see.
Charts:

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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I will work to Objectively Identify my Edges
  • #567,603
  • Dec 22, 2020 6:07am Dec 22, 2020 6:07am
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so ugly
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yes yes yes
  • #567,604
  • Dec 22, 2020 6:08am Dec 22, 2020 6:08am
Quoting stardust83
{quote} we can't do it without him
Fair enough.. Putting him on call.
Hope he doesn’t have other commitments
  • #567,605
  • Dec 22, 2020 6:16am Dec 22, 2020 6:16am
Quoting Moty
{image}so ugly{image}
This could perhaps remain within the PP and open today.
  • #567,606
  • Dec 22, 2020 6:18am Dec 22, 2020 6:18am
Quoting Hunterrus84
My activity with no comments, who knows that knows {image}
Nice demo account.
Damage
  • #567,607
  • Dec 22, 2020 6:21am Dec 22, 2020 6:21am
Quoting goldfish3
{quote} This could perhaps remain within the PP and open today.

MAYBY NOW
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yes yes yes
  • #567,608
  • Dec 22, 2020 6:25am Dec 22, 2020 6:25am
Quoting Moty
{quote} MAYBY NOW {image}
London open can still be a hurdle. Its a pretty massive resistance and Weekly pivot. and a quarterly R1 right above it

edit: pardon i meant gmt 00 open above
  • #567,609
  • Dec 22, 2020 6:26am Dec 22, 2020 6:26am
Quoting Moty
{quote} MAYBY NOW {image}
Not now, US news 1hour later
Be a spectator, not a player
  • #567,610
  • Dec 22, 2020 6:37am Dec 22, 2020 6:37am
Attached Image

So again in 6h they are going to "discuss" something...
WT
  • #567,611
  • Dec 22, 2020 6:42am Dec 22, 2020 6:42am
Quoting Bartosz77
{image} So again in 6h they are going to "discuss" something...
we are trading in thin liquidity conditions so any data better than expected reaction will be wild. this is likely till jan 4th. we have US GDP and anything less than 33% is likely to be sold off. dollar will get hammered badly. on the flip side if it is as expected we may see dollar buying into thursday.
  • #567,612
  • Dec 22, 2020 6:45am Dec 22, 2020 6:45am
Quoting giveachance
{quote} we are trading in thin liquidity conditions so any data better than expected reaction will be wild. this is likely till jan 4th. we have US GDP and anything less than 33% is likely to be sold off. dollar will get hammered badly. on the flip side if it is as expected we may see dollar buying into thursday.
by thin you mean less liquidity? how does one gauge this?
  • #567,613
  • Dec 22, 2020 6:47am Dec 22, 2020 6:47am
Here we are....BIAS trend is LONG

2 SUPPORT areas: .3375/.3360 & .3414/.34

1 RESISTANCE AREA: .3449/.3435
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  • #567,614
  • Dec 22, 2020 6:47am Dec 22, 2020 6:47am
Quoting goldfish3
{quote} by thin you mean less liquidity? how does one gauge this?
you can gauge from how the pound was bought yesterday and how the markets reacted to the pound news from boris
  • #567,615
  • Dec 22, 2020 6:48am Dec 22, 2020 6:48am
Quoting wiserltz
{quote} Not now, US news 1hour later
the spike is coming
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yes yes yes
  • #567,616
  • Dec 22, 2020 6:50am Dec 22, 2020 6:50am
Quoting giveachance
{quote} you can gauge from how the pound was bought yesterday and how the markets reacted to the pound news from boris
but what if yesterday was a result of low liquidity? plausible no?
  • #567,617
  • Dec 22, 2020 6:51am Dec 22, 2020 6:51am
Fibonacci
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  • #567,618
  • Dec 22, 2020 7:03am Dec 22, 2020 7:03am
After 14 hrs price stays under 1.3455ish maybe we could get a newer low near 3300 as it seems
Keep the Lights on then you can catch the rise from the dark.
  • #567,619
  • Dec 22, 2020 7:05am Dec 22, 2020 7:05am
Looking at pictures here made me realise again how many losers there are and why


Years ago I'd help...


Now I fight this urge and watch my interest
Beware of robber banks (RB), bad advisors.
  • #567,620
  • Dec 22, 2020 7:07am Dec 22, 2020 7:07am
boris , we need you , phone home
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yes yes yes
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