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Cable Update (GBPUSD)

  • #568,821
  • Dec 27, 2020 11:40pm Dec 27, 2020 11:40pm
Quoting Georginson
{quote} How did you feel when pound plummeted from 1.3482 to 1.2674 within trade 13 days in September? How did you feel when Pound crashed from 1.3230 in early March to 1.1409 in that same March? How did you feel when pound lost its grace from high of 1.7189 in July 2014 to as low as 1.38 Early 2015? How do you feel seeing pound struggle to surge above 1.4375 since April 2018 and agonisingly been dumped through its lower highs? It's going to be a hard transition for this pair even after this brexit deal is agreed, things will never be the same until...
I agree :-) by the way kiwi just running into resistance 7137 "ish" not precise !
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  • #568,822
  • Dec 27, 2020 11:42pm Dec 27, 2020 11:42pm
Quoting Georginson
{quote} How did you feel when pound plummeted from 1.3482 to 1.2674 within trade 13 days in September? How did you feel when Pound crashed from 1.3230 in early March to 1.1409 in that same March? How did you feel when pound lost its grace from high of 1.7189 in July 2014 to as low as 1.38 Early 2015? How do you feel seeing pound struggle to surge above 1.4375 since April 2018 and agonisingly been dumped through its lower highs? It's going to be a hard transition for this pair even after this brexit deal is agreed, things will never be the same until...
Hi G,

its not about out how I felt or feel..
Thing is, you viewing PA structure the same way as others times.. I think you failing to pay attention to the yearly/monthly setup we have and this could be very expensive to ignore completely.

I posted the blueprint recently. When you get time, observe it and see what I see.. All I am trying to put across to you is that times are different and the moment we realize this, the better for us.

SS
  • #568,823
  • Dec 27, 2020 11:51pm Dec 27, 2020 11:51pm
PA is clearly telling us that GU is currently very bullish. Potential to reach up to 1.40 in the next coming weeks.

But currently, I am still looking for sell off from the 1.3950 range and down to 1.348xx to 1.3400 lowest.
  • #568,824
  • Dec 27, 2020 11:52pm Dec 27, 2020 11:52pm
i closed my longs for the moment. reckon we'll see a retrace.
In tea leaves we trust!
  • #568,825
  • Dec 27, 2020 11:58pm Dec 27, 2020 11:58pm
Quoting JayBag
{quote} Hi G, its not about out how I felt or feel.. Thing is, you viewing PA structure the same way as others times.. I think you failing to pay attention to the yearly/monthly setup we have and this could be very expensive to ignore completely. I posted the blueprint recently. When you get time, observe it and see what I see.. All I am trying to put across to you is that times are different and the moment we realize this, the better for us. SS
I used to use yearly "candles" they dont work, they take to long 4 - 6 months just to confirm a level as r or s, monthly I am happy with although they can take just as long to confirm, I am not saying it will go up or down, that is witchcraft, and I am not a witch or good at crafts, Im just saying we are at very interesting levels, which normally means volatility, which I think all traders desire, however volatility also means danger, no sl, no plan, no research blah blah is most dangerous of all we may see a move in 3 minutes, even with UK holiday, 3mins and counting
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  • #568,826
  • Dec 28, 2020 12:06am Dec 28, 2020 12:06am
Quoting KiwiTrada
{quote} I used to use yearly "candles" they dont work, they take to long 4 - 6 months just to confirm a level as r or s, monthly I am happy with although they can take just as long to confirm, I am not saying it will go up or down, that is witchcraft, and I am not a witch or good at crafts, Im just saying we are at very interesting levels, which normally means volatility, which I think all traders desire, however volatility also means danger, no sl, no plan, no research blah blah is most dangerous of all we may see a move in 3 minutes, even with...
I don’t just use yearly setup.. I start from there and structure it down to monthly.. daily etc..

On the monthly, I expect an impulsive move that will complete at a level..(level withheld) ... Expecting an impulse from monthly means lower TF won’t count even if they appear to be over sold or over bought..


while everyone is seeing a resistance or support on H1, they see the broader picture and never bothered..

Lastly, we have a compressed Vola on the monthly and I honestly don’t want to be on the wrong side

SS
  • #568,827
  • Edited 12:25am Dec 28, 2020 12:10am | Edited 12:25am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 36 KB
Attached Image (click to enlarge)
Click to Enlarge Name: eg.png Size: 33 KB
yes yes yes
  • #568,828
  • Dec 28, 2020 12:26am Dec 28, 2020 12:26am
Quoting KiwiTrada
{quote} we shall see if she starts dropping (freefall), bears will come back and bulls will become bears and will be then time to long? aussie just closed last weeks gap, 7619 which is near previous weekly high july 2018 7622, problem is last weeks candle is bullish so bears need her below 76c, is still cheap entry for short small sl, presently 7620
au nu rresistance doing its thing, problem is its not edit usd strength more there weakness, not seeing much usd strength across the board yet, but when or if it turns up move should become stronger both just tapped mini support as typing, but overall some work still to do before comfortable
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  • #568,829
  • Dec 28, 2020 12:35am Dec 28, 2020 12:35am
I think we are ready for a lift..
Let's see

SS
  • #568,830
  • Dec 28, 2020 12:40am Dec 28, 2020 12:40am
uj if she can make a new low below 103 40 presently 103 43, may help my geppy short, but not cable unless sterling takes a hit too
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  • #568,831
  • Dec 28, 2020 12:41am Dec 28, 2020 12:41am
Quoting JayBag
{quote} Bears could only come out during the weekend on XE.com The market is open and they can't stand outside lol This time, Bulls will be swift.. I keep warning bears in these last days.. You guys don't wanna be caught pants down SS
Yea I hate people that shout out and when they are wrong then go into hiding, which reminds me of a guy on EURUSD who screamed short right up to May 26th didn't post again until late June, can't remember for the life of me who it was, do you have any ideas?

ok put the handcuffs on
  • #568,832
  • Dec 28, 2020 12:42am Dec 28, 2020 12:42am
Quoting KiwiTrada
uj if she can make a new low below 103 40 presently 103 43, may help my geppy short, but not cable unless sterling takes a hit too
that is 4hr chart she tried while I was typing lmfao 103 401 nice but no cookie
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  • #568,833
  • Dec 28, 2020 12:46am Dec 28, 2020 12:46am
Quoting JayBag
I think we are ready for a lift.. Let's see SS
no , it will drop .
like i said before , gu is the lost twin brother of daxi .
daxi is at all time high area 13816 , it will go down with the s&p , and that will lift the dx , and sink the gu
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 53 KB
yes yes yes
  • #568,834
  • Dec 28, 2020 12:48am Dec 28, 2020 12:48am
shorts building here, not to say they will hold it down. at this point in time they are in control.
In tea leaves we trust!
  • #568,835
  • Dec 28, 2020 12:52am Dec 28, 2020 12:52am
Quoting Moty
{quote} no , it will drop . like i said before , gu is the lost twin brother of daxi . daxi is at all time high area 13816 , it will go down with the s&p , and that will lift the dx , and sink the gu {image}
Hi M,

Uhmm, I am super hesitant to think bears ATM.. (Scalping is possible).. I think there's more space on the UP side than minor downside

Let's give it a bit of time and see where it ends up..

SS
  • #568,836
  • Dec 28, 2020 12:59am Dec 28, 2020 12:59am
Quoting Moty
{quote} no , it will drop . like i said before , gu is the lost twin brother of daxi . daxi is at all time high area 13816 , it will go down with the s&p , and that will lift the dx , and sink the gu {image}
Wow so confident ~ lolz
  • #568,837
  • Dec 28, 2020 1:01am Dec 28, 2020 1:01am
Quoting JayBag
{quote} Hi M, Uhmm, I am super hesitant to think bears ATM.. (Scalping is possible).. I think there's more space on the UP side than minor downside Let's give it a bit of time and see where it ends up.. SS
the drop is coming .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eg.png Size: 33 KB
Click to Enlarge Name: gu1.png Size: 31 KB
yes yes yes
  • #568,838
  • Dec 28, 2020 1:07am Dec 28, 2020 1:07am
Quoting Moty
{quote} the drop is coming . {image} {image}
I still beg t differ M..
Drop is not something in walks

Scalping is always a given but aiming for reasonable amount of pips, Upside holds it (for me)
  • #568,839
  • Dec 28, 2020 1:10am Dec 28, 2020 1:10am
Quoting DailyChart
{quote} Wow so confident ~ lolz
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 24 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 28 KB
yes yes yes
  • #568,840
  • Dec 28, 2020 1:33am Dec 28, 2020 1:33am
eu 2240 right now, may be worth an eyeball if it holds as resistance it could indicate usd strengthening of course already watching au nu uj swissy but cad has a little moe south before she may rise 2812 was gap, 2817 now, will be interesting across the board if usd does decide to pump it aka print it
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