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Cable Update (GBPUSD)

  • #567,741
  • Dec 22, 2020 11:01am Dec 22, 2020 11:01am
Quoting Catempire
{quote} Yes until no. when markets crash technical analysis traders are all stood round scratching their heads wondering why the charts lie. sometimes the elephant is too fooking obvious to ignore. Take note!
yes, its call black swan, but this pound's moment its not a crash, it looks nice on the chart, things crashes after long consolidations, you need to learn smell the rat, and also know then you right and when you wrong if you want to be a trader, specially a day trader...ray dalio said in market wizzards, and also other people, what he doesnt touch his machines 3-6 months,think about it..
  • #567,742
  • Dec 22, 2020 11:01am Dec 22, 2020 11:01am
Quoting Yngwie
{quote} bull is coming
and why is that?
  • #567,743
  • Dec 22, 2020 11:01am Dec 22, 2020 11:01am
Quoting Coreg2004
{quote} gatenio, on the same page...remember 32.8% ret. can be also the 4th wave meaning the drop is not over yet. Edit: hahaha {image}
i am long, 3303 must hold.

It will hold.

Or else out.

expect 3400 minimum tonight
Intraday only.
  • #567,744
  • Dec 22, 2020 11:03am Dec 22, 2020 11:03am
Quoting Waveskierrob
{quote} If you really think this is the case how and why do you trade?
I have no clue. leveraged day trading is all arbitrary. over the years i have learnt that you can only trade what you see, objectively.
  • #567,745
  • Dec 22, 2020 11:06am Dec 22, 2020 11:06am
Quoting Coreg2004
{quote} gatenio, on the same page...remember 32.8% ret. can be also the 4th wave meaning the drop is not over yet. Edit: hahaha {image}
thanks boss,
im trying to catch 3rd wave on 1h/4h.
  • #567,746
  • Dec 22, 2020 11:06am Dec 22, 2020 11:06am
Quoting goldencalf
{quote} yes, its call black swan, but this pound's moment its not a crash, it looks nice on the chart, things crashes after long consolidations, you need to learn smell the rat, and also know then you right and when you wrong if you want to be a trader, specially a day trader...ray dalio said in market wizzards, and also other people, what he doesnt touch his machines 3-6 months,think about it..
I’m not a day trader. Don’t want to be a day trader.

been trading for 12 years. Not currencies very often. know what it’s called. traded a few.

Markets.

fundamentals > psycology > technicals

in that order.

People clued up do not buy a business that is over valued.

doesn’t matter what the charts say... they will however make a market seem undervalued and sell into liquidity.
Que Sera
  • #567,747
  • Dec 22, 2020 11:07am Dec 22, 2020 11:07am
Quoting miedpreneur
61.8 still standing and hold for the moment.. i try go long again SL below 61.8.. if hit then i waiting for another development on PA
now my SL is on BE.. i dont care anymore which WAY gu Wanna GO first Free risk trade runing on there.. im still targetting 1.35..
Trade what you see, not what you think.. react and stay sharp..
  • #567,748
  • Dec 22, 2020 11:07am Dec 22, 2020 11:07am
we have indecision.. we havent haa a succesfull close below 33333... but also i have the big man line above.. lets just wait
Attached Image (click to enlarge)
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99.9% persistence
  • #567,749
  • Dec 22, 2020 11:09am Dec 22, 2020 11:09am
Quoting goldfish3
{quote} I have no clue. leveraged day trading is all arbitrary. over the years i have learnt that you can only trade what you see, objectively.
Thanks
  • #567,750
  • Dec 22, 2020 11:10am Dec 22, 2020 11:10am
Lot's of long traders were skinned today


What happened to 1.37???


Pound stroooooong
Beware of robber banks (RB), bad advisors.
  • #567,751
  • Dec 22, 2020 11:11am Dec 22, 2020 11:11am
Quoting Not-KPMG
Lot's of long traders were skinned today What happened to 1.37??? Pound stroooooong
Charts never lie

Que Sera
  • #567,752
  • Dec 22, 2020 11:12am Dec 22, 2020 11:12am
Sellinz zone: .3375/.3360
Attached Image (click to enlarge)
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  • #567,753
  • Dec 22, 2020 11:12am Dec 22, 2020 11:12am
Anybody feel like this guy???

Are YOU buying "puond "



And why??
Attached Image (click to enlarge)
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Beware of robber banks (RB), bad advisors.
  • #567,754
  • Dec 22, 2020 11:13am Dec 22, 2020 11:13am
Quoting Catempire
{quote} I’m not a day trader. Don’t want to be a day trader. been trading for 12 years. Not currencies very often. know what it’s called. traded a few. Markets. fundamentals > psycology > technicals in that order. People clued up do not buy a business is over valued.
people do many stupid things. Just if somoene is lost, reading this tread, should do experiment, follow just price, don't worry about news, maybe you will see something, just turn of all the nose, you and price, people,insiders, they know more then you, and they , smart money positioning themselves in the chart, if they really buying, they cannot hide it, big candle...more advance is market structure...just turn of old news, and you will have half job done
  • #567,755
  • Dec 22, 2020 11:13am Dec 22, 2020 11:13am
Since I'm no EXPERT in losing money....



I have simple chart.


Any ideas
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Beware of robber banks (RB), bad advisors.
  • #567,756
  • Dec 22, 2020 11:16am Dec 22, 2020 11:16am
Quoting Not-KPMG
Since I'm no EXPERT in losing money.... I have simple chart. Any ideas {image}
....again you brighten up my day
  • #567,757
  • Dec 22, 2020 11:17am Dec 22, 2020 11:17am
Quoting Catempire
{quote} Agree with what you’re saying & I would be wrong to knock it. fundamentals drive the price. Technicals shape the road. those calling for new highs? 5 days to go. lorries already stacked up at Dover, businesses will struggle, U.K. losing 20% of its gdp ?? surely foolish to overlook ?
"...fundamentals drive the price.
Technicals shape the road..." Great information at that!
  • #567,758
  • Dec 22, 2020 11:19am Dec 22, 2020 11:19am
Quoting goldencalf
{quote} people do many stupid things. Just if somoene is lost, reading this tread, should do experiment, follow just price, don't worry about news, maybe you will see something, just turn of all the nose, you and price, people,insiders, they know more then you, and they , smart money positioning themselves in the chart, if they really buying, they cannot hide it, big candle...more advance is market structure...just turn of old news, and you will have half job done

Smarty money aren’t positioning themselves on the chart.

shi t worthless companies still go up in value.. smart money still sells.

because smart money isn’t stupid & buys off...

fundamentals ?

stupid money buys off f a other than a whim ??

pre existing candle formation based on history ??
Que Sera
  • #567,759
  • Dec 22, 2020 11:20am Dec 22, 2020 11:20am
Quoting maheeee
i think gbpusd may go up to 1.34300.. but down trend remains , today's GBPUSD structure is whipsaw it will not go far away from open price. it will close 30 to 40 pips down from open price 1.34466 according to my broker time.. finally ............... i may be wrong
happening now...
  • #567,760
  • Dec 22, 2020 11:21am Dec 22, 2020 11:21am
Quoting Not-KPMG
Since I'm no EXPERT in losing money.... I have simple chart. Any ideas {image}
what is the green circle number my friend ?


Intraday only.
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