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Cable Update (GBPUSD)

  • #568,361
  • Dec 24, 2020 4:53am Dec 24, 2020 4:53am
Guys, I think it’s too tense in here.. Don’t you people drink or something?

Drink water or what looks like water and mind your business ..

As for GU Bulls, Spike Lee offers you he’s blessings
Go north and proposer
  • #568,362
  • Dec 24, 2020 4:55am Dec 24, 2020 4:55am
can i sell here and leave it for a weekend/hollydays?
  • #568,363
  • Dec 24, 2020 4:58am Dec 24, 2020 4:58am
This "deal" will not be a deal at all. It will be a tie to the EU. Once we see this, I fully expect Cable to drop.
A fool and his money are easily parted
  • #568,364
  • Dec 24, 2020 4:59am Dec 24, 2020 4:59am
false break in the making !?!?
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 36 KB
yes yes yes
  • #568,365
  • Dec 24, 2020 4:59am Dec 24, 2020 4:59am
YH being tested, scary territory and taking position now either way is too risky. Stops can be cleared with vengeance.

If one really MUST trade during holidays, just set alerts +/-20pips from current level and join the train when it blasts thru.

Take care,
I
  • #568,366
  • Dec 24, 2020 5:00am Dec 24, 2020 5:00am
Quoting Georginson
{quote} Whatever it is ... Something is brewing... While risk reward clearly favours bears.
yes but I have been hit pretty hard, maybe impatient, am fortunate gold and my uj hedges have softened the blows, but I pretty sure I am set, just waiting mr market to prove me right or wrong, definitely r/r is in bears favor
If you are new to Forex? Say Goodbye to your account!!
  • #568,367
  • Dec 24, 2020 5:08am Dec 24, 2020 5:08am
Quoting KiwiTrada
{quote} yes but I have been hit pretty hard, maybe impatient, am fortunate gold and my uj hedges have softened the blows, but I pretty sure I am set, just waiting mr market to prove me right or wrong, definitely r/r is in bears favor
kiwi and aussie both struggling with respective resistances, but this weeks gap still open just above, but very tempting to sell aussie @76c even with gap
If you are new to Forex? Say Goodbye to your account!!
  • #568,368
  • Dec 24, 2020 5:09am Dec 24, 2020 5:09am
Quoting Moty
false break in the making !?!? {image}
in the morning you said it will fall
  • #568,369
  • Dec 24, 2020 5:12am Dec 24, 2020 5:12am
Quoting Ehsank78
{quote} in the morning you said it will fall
Since when someone can tell precisely where the market is going ? Lol
Make money by doing the opposite of Giveachance aka loser
  • #568,370
  • Dec 24, 2020 5:21am Dec 24, 2020 5:21am
Risk reward will be in bears favor near 1.39 now it’s all will blow up bear accounts
  • #568,371
  • Dec 24, 2020 5:23am Dec 24, 2020 5:23am
Quoting Ehsank78
{quote} in the morning you said it will fall
this is a strong bullish move , it will not drop in one shot , the crooks need to manipulate
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 32 KB
yes yes yes
  • #568,372
  • Dec 24, 2020 5:39am Dec 24, 2020 5:39am
Quoting Rgentm
Risk reward will be in bears favor near 1.39 now it’s all will blow up bear accounts
Probably the best post all day..
This makes lots of sense and not because I am long..

A lot of people been looking to short it hence we can count on the rise..

Anyway, Spike Lee is around the block and could be here at GU’s office any moment..
  • #568,373
  • Dec 24, 2020 5:39am Dec 24, 2020 5:39am
Quoting Georginson
{quote} Whatever it is ... Something is brewing... While risk reward clearly favours bears.
I'm sure you can make money so it's not an attack on your beeing able to trade, but it's not the first time you say this and it's simply not true. We're in an uptrend and buying the dips is the the safer thing to do, so risk reward favors bulls, unless someone is suggesting to buy at the top which is not the case.

Trying to pick tops and bottom in much riskier, even more in a situation like this
  • #568,374
  • Dec 24, 2020 5:50am Dec 24, 2020 5:50am
Quoting L.m
{quote} I'm sure you can make money so it's not an attack on your beeing able to trade, but it's not the first time you say this and it's simply not true. We're in an uptrend and buying the dips is the the safer thing to do, so risk reward favors bulls, unless someone is suggesting to buy at the top which is not the case. Trying to pick tops and bottom in much riskier, even more in a situation like this
You can't imagine how much pips taken to 1.3188 just this week from well laddered trade all the from 1.3575 last week.

The problem is a lot of thread users here are not sincere ... Hats off to Moty for his sincerety.
Data + Stat + Risk/Emotions Management
  • #568,375
  • Dec 24, 2020 5:54am Dec 24, 2020 5:54am
Bulls have made their point especially pushing price from 4hr ema 200 to where it presents itself as a sweet spot for bear action. Structure must play itself out rather than mere speculative anxiety and enthusiasm on the side of bulls.
Keep the Lights on then you can catch the rise from the dark.
  • #568,376
  • Dec 24, 2020 5:55am Dec 24, 2020 5:55am
1.3634 price target hit exactly. don't have an updated chart... it is also the trading range mentioned before.

so we should expect a rest here of some sort.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2020-12-23_22-10-40.png Size: 168 KB
Click to Enlarge Name: 2020-12-17_15-22-56.png Size: 46 KB
In tea leaves we trust!
  • #568,377
  • Dec 24, 2020 5:57am Dec 24, 2020 5:57am
where is this heading medium term? could it be 1.3850 ish?
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-12-24_06-56-10.png Size: 132 KB
In tea leaves we trust!
  • #568,378
  • Dec 24, 2020 5:57am Dec 24, 2020 5:57am
Quoting Georginson
{quote} You can't imagine how much pips taken to 1.3188 just this week from well laddered trade all the from 1.3575 last week. The problem is a lot of thread users here are not sincere ... Hats off to Moty for his sincerety.
It is good moty is sincere. But remember, people no need to accept their losses in a public forum.
Intraday only.
  • #568,379
  • Dec 24, 2020 6:00am Dec 24, 2020 6:00am
Quoting Georginson
{quote} You can't imagine how much pips taken to 1.3188 just this week from well laddered trade all the from 1.3575 last week. The problem is a lot of thread users here are not sincere ... Hats off to Moty for his sincerety.
As I wrote before, I'm sure you can be profitable trading this way. And for sure there are people here not sincere, like it happens everywhere, but the point remains
  • #568,380
  • Dec 24, 2020 6:02am Dec 24, 2020 6:02am
Quoting navk
{quote} It is good moty is sincere. But remember, people no need to accept their losses in a public forum.
You are also sincere admitting your stops being taken out and your wins being sincerely celebrated.

My point is why so much confrontation among thread users while our main enemy remains the fluctuating price that creates this unhealthy divide?
Data + Stat + Risk/Emotions Management
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