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Cable Update (GBPUSD)

  • #568,021
  • Dec 23, 2020 3:09am Dec 23, 2020 3:09am
Quoting Headland
..whilst this pairing/instrument is clearly not positioning too much yet for a no-deal, (market participants may be hedged in other instruments,) I wonder how many longer term bears in this thread are holding shorts in advance of a final deal or no-deal announcement. Some believe, from their analysis that even in the event of a deal, once the details are digested and with the ongoing covid recession/effects continue, £ will go into a longer term fall after the initial spike up. The question in this scenario - is a. how big the spike up will be,?...
new yearly highs, december is and will be bullish, stay long til hour 1 2021
twitter: @gettoefl
  • #568,022
  • Dec 23, 2020 3:12am Dec 23, 2020 3:12am
i sell it again.. is way to long for bull to taken out 1.345
Trade what you see, not what you think.. react and stay sharp..
  • #568,023
  • Dec 23, 2020 3:17am Dec 23, 2020 3:17am
Quoting miedpreneur
i sell it again.. is way to long for bull to taken out 1.345
Its still compressing toward a break. So i guess careful with shoets just yet
  • #568,024
  • Dec 23, 2020 3:18am Dec 23, 2020 3:18am
Quoting goldfish3
{quote} Its still compressing toward a break. So i guess careful with shoets just yet
ok thx..
Trade what you see, not what you think.. react and stay sharp..
  • #568,025
  • Edited 3:35am Dec 23, 2020 3:20am | Edited 3:35am
Expect the market to drop at some point,,

Daily is in a down swing,, within its fractal structure as can be seen on the hourly, wave a of the correction complete and wave 2 looking like a triangle can retest as high as 3478 before the drop to complete wave c of the daily down swing.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 30 KB
Follow The Markets Structure - Patience and Discipline
  • #568,026
  • Dec 23, 2020 3:22am Dec 23, 2020 3:22am
15min VOLUME: decreasing LONG SWING VOLUME....SINGLE RED CANDLEs have BIG VOLUME.....for me is SHORT, i don't see FUEL for BULLS
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 33 KB
  • #568,027
  • Dec 23, 2020 3:26am Dec 23, 2020 3:26am
Quoting helioss
15min VOLUME: decreasing LONG SWING VOLUME....SINGLE RED CANDLEs have BIG VOLUME.....for me is SHORT, i don't see FUEL for BULLS {image}
buy accumulation
Make money by doing the opposite of Giveachance aka loser
  • #568,028
  • Dec 23, 2020 3:27am Dec 23, 2020 3:27am
Quoting helioss
15min VOLUME: decreasing LONG SWING VOLUME....SINGLE RED CANDLEs have BIG VOLUME.....for me is SHORT, i don't see FUEL for BULLS {image}
and volume never lie .. lets see drop shall we..
Trade what you see, not what you think.. react and stay sharp..
  • #568,029
  • Dec 23, 2020 3:28am Dec 23, 2020 3:28am
Merry Christmas all! Hope y'all feeling festive n shiz... OK, pending Long order sitting at 34500... trade well gang!
Emotional Control. Process, not outcome.
  • #568,030
  • Dec 23, 2020 3:28am Dec 23, 2020 3:28am
Quoting nessus94
{quote} buy accumulation
i read it as DISTRIBUTION ...other 15min candle with LONG UPPER SHADOW.....
  • #568,031
  • Dec 23, 2020 3:33am Dec 23, 2020 3:33am
Quoting helioss
15min VOLUME: decreasing LONG SWING VOLUME....SINGLE RED CANDLEs have BIG VOLUME.....for me is SHORT, i don't see FUEL for BULLS {image}
Hi. Could you teach me the measure of this volume? In my understanding you cannot gauge volume in a decentralized market. thanks.
  • #568,032
  • Dec 23, 2020 3:36am Dec 23, 2020 3:36am
Quoting goldfish3
{quote} Hi. Could you teach me the measure of this volume? In my understanding you cannot gauge volume in a decentralized market. thanks.
In MT4 VOLUME is the measure of ticks traded during the candle, so 'it isn't REAL volome but i seems to be good too
  • #568,033
  • Dec 23, 2020 3:36am Dec 23, 2020 3:36am
Quoting shahab8b
{quote} It may be difficult to get through 1.3450 and 1.35. I think GU may roll over again. {image}
Yeah maybe. Low liquidity in the market.
Le$$ I$ More
  • #568,034
  • Dec 23, 2020 3:36am Dec 23, 2020 3:36am
Just a Quick heads up for all the newbies out there,

Don't let these Red Diamond members in here lead you into thinking they know better. Have a plan, Stick to it and don't even think twice. Maybe there is a trading Guru with a crystal ball somewhere on this earth, but trust me, He/She will not be found in this thread. Currently that is.

Keep going. You can do it!
You can do it!
  • #568,035
  • Dec 23, 2020 3:46am Dec 23, 2020 3:46am
Interesting to see all these down move expectations, for when personally all I see on 15 min is constantly closing upper and upper squeezing now to the upside. Sure I may expect a spike down till 1.34 when US comes to trade the last days just so they could get in the action. Also talking about volumes in Fx candles...I won't even comment on that. Anyways, protect your money, and check the chart to see what is happening.
  • #568,036
  • Dec 23, 2020 3:48am Dec 23, 2020 3:48am
then suddenly some one spread rumor on twitter again..
Trade what you see, not what you think.. react and stay sharp..
  • #568,037
  • Dec 23, 2020 3:52am Dec 23, 2020 3:52am
it remind me yesterday GU failed to break 1.345 then price drop more than 100 pips..
could it be happen again this day.. i doubt it but anything can happen who knows..
Trade what you see, not what you think.. react and stay sharp..
  • #568,038
  • Dec 23, 2020 3:53am Dec 23, 2020 3:53am
i will wait at support area for buy, and sell at resisten for sell
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD2312.png Size: 75 KB
Like me, cuts losses quickly. But has more patience and lets his winn
  • #568,039
  • Dec 23, 2020 3:56am Dec 23, 2020 3:56am
i see 3432 to look out for

3410 for potential reaction
  • #568,040
  • Dec 23, 2020 4:00am Dec 23, 2020 4:00am
Quoting Roszey
{quote} Yeah maybe. Low liquidity in the market.
either that or ultra high liquidity. no way to know.
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