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Cable Update (GBPUSD)

  • #569,221
  • Dec 29, 2020 8:32am Dec 29, 2020 8:32am
long 1.3508

risky so i may go out quickly
Make money by doing the opposite of Giveachance aka loser
  • #569,222
  • Dec 29, 2020 8:36am Dec 29, 2020 8:36am
Quoting JayBag
{quote} Welcome Detector BTW, it's not my thread but 'OURS' I plan on launching a special thread come JAN 1st tho.. Please share with us here your knowledge and I am very sure many will find it valuable. SS
Thank you and looking forward to it, I work off the chart (technical) that's it, I get it wrong and get it right, I call it the "stopped clock method" it's right twice a day , Spike Lee, is that the expectation the market is going to take this and dump, bear, bull trap?.
Thanks for the warm welcome D
EDIT
Posted after your explanation
I don't need to be good at the game, only good enough to beat my opponent,
  • #569,223
  • Dec 29, 2020 8:43am Dec 29, 2020 8:43am
Greetings to all. It is my first post in the thread, which I have been following for a while, where I believe, I always learn something new. My technical view on the pair:
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EW, W5 is on development..Target, 1,36720 +- 20 pips area. Will see as follows ...

Thank you all for sharing your analysis and points of view. Are always appreciated

Happy 2021 to everyone !!
JEM
  • #569,224
  • Dec 29, 2020 8:44am Dec 29, 2020 8:44am
Quoting Wavegarrick
{quote} Hi Guys, I said I would not post this week but with Covid restrictions and Lock downs, well, what else is there to do. Shahab, I once again commend you in the way you trade. Simply bloody marvelous Your current level at 1.3450 being tested and I am watching for a possible move back up to 1.3500 for a decent retrace. Of course a solid break above the round number 1.3500 puts bulls back in the driving seat. I am getting short term cyclic short hints and am locked in and will hold my trades into the new...
Hi Guys,
So far everything playing out accordingly. A retest of the round number 1.3500 and am yet to get a 4 hr close above. A break above my descending trendline could probably send the pair higher which will nullify my short trades. All on a knife-edge at the moment. I have entered sell trades with small stops.
Trade safe,
Cheers.
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Trade to trade another day
  • #569,225
  • Dec 29, 2020 8:46am Dec 29, 2020 8:46am
...didn't miss much after my own tyrading session ended earlier...just back @ desk updating charts.

Slight upside breech of the steepest 1hr desc t/line and price meets supply @ 'that zone again,'...now also a prev 1hr sw hi zone. 83pips range so far today only - 61% 30 day adr, Dly R1 and S1 remain untouched. 20/50/100 ema crosses as of now, below.
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Trader with an Edge.
  • #569,226
  • Dec 29, 2020 8:46am Dec 29, 2020 8:46am
Quoting Moty
{image}
Now both patterns are dying. at the moment, buyers are daring.
Let's see
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  • #569,227
  • Dec 29, 2020 8:49am Dec 29, 2020 8:49am
Selling here @ 1.3507, targeting below 1.3428, SL 1.3530

Aussie is giving great shorting opportunity as well shorted 0.7615 targeting below 0.7500 with a tight SL @ 0.7645
  • #569,228
  • Dec 29, 2020 8:51am Dec 29, 2020 8:51am
... 1hr below. Area circled the 1st upside obstacle to price. How much supply there if challenged deeper ?
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Trader with an Edge.
  • #569,229
  • Dec 29, 2020 8:57am Dec 29, 2020 8:57am
Quoting hussin naiji
{quote} Now both patterns are dying. at the moment, buyers are daring. Let's see {image}
0.886 retracement to the rescue
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yes yes yes
  • #569,230
  • Dec 29, 2020 8:57am Dec 29, 2020 8:57am
Quoting nessus94
long 1.3508 risky so i may go out quickly
-15
bad trade
Make money by doing the opposite of Giveachance aka loser
  • #569,231
  • Dec 29, 2020 8:58am Dec 29, 2020 8:58am
Moty, bring your hammer plz, now the drop is coming and its a hard one
  • #569,232
  • Dec 29, 2020 9:04am Dec 29, 2020 9:04am
last long trade 1.3491
Make money by doing the opposite of Giveachance aka loser
  • #569,233
  • Dec 29, 2020 9:04am Dec 29, 2020 9:04am
daxi finally reached the 13816 res , the twin brother will close the chapter for this drop
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yes yes yes
  • #569,234
  • Dec 29, 2020 9:07am Dec 29, 2020 9:07am
Quoting Waveskierrob
long short 1.3493
closed short +7
  • #569,235
  • Dec 29, 2020 9:13am Dec 29, 2020 9:13am
Quoting fxmasterdxb
Moty, bring your hammer plz, now the drop is coming and its a hard one
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yes yes yes
  • #569,236
  • Dec 29, 2020 9:16am Dec 29, 2020 9:16am
Quoting nessus94
last long trade 1.3491
-10

-25 this sesssion

i am done for the day
Make money by doing the opposite of Giveachance aka loser
  • #569,237
  • Dec 29, 2020 9:17am Dec 29, 2020 9:17am
Quoting Moty
{quote} {image} {image}
Here we go buddy, i see 1.3385 coming
keep hammering
  • #569,238
  • Dec 29, 2020 9:17am Dec 29, 2020 9:17am
Quoting Moty
{quote} {image} {image}
Not so hard Monty, leave a bounce an expectation of all events, your target turn point is my short target, with a good wind we may reach the buy target, D
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I don't need to be good at the game, only good enough to beat my opponent,
  • #569,239
  • Dec 29, 2020 9:18am Dec 29, 2020 9:18am
+ 50 this session think I'll crack on , you're welcome
  • #569,240
  • Dec 29, 2020 9:19am Dec 29, 2020 9:19am
...challenging 2nd asc 1hr t/line now and top of a prev 1hr x 2 /4hr sw lo zone....1hr below.
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Trader with an Edge.
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