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Cable Update (GBPUSD)

  • #569,461
  • Dec 30, 2020 3:55am Dec 30, 2020 3:55am
Quoting KiwiTrada
{quote} it is a true war zone, a daily close below 1 35 would be good for bears above bulls??
above by .0008 advantage bulls, this is not retrospective I have just got home little tipsy but safe, bulls just tapped reasonable resistance 1 3578ish, will be interesting, bulls certainly look on rampage but I will defend 1 3578 13 pip sl, entry "now" may be quick death or catch some green pips
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  • #569,462
  • Dec 30, 2020 3:56am Dec 30, 2020 3:56am
Quoting KiwiTrada
{quote} above by .0008 advantage bulls, this is not retrospective I have just got home little tipsy but safe, bulls just tapped reasonable resistance 1 3578ish, will be interesting, bulls certainly look on rampage but I will defend 1 3578 13 pip sl, entry "now" may be quick death or catch some green pips
if fail will defend 1 3623
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  • #569,463
  • Dec 30, 2020 3:57am Dec 30, 2020 3:57am
a few sell signals 1.3578
Make money by doing the opposite of Giveachance aka loser
  • #569,464
  • Dec 30, 2020 3:57am Dec 30, 2020 3:57am
Quoting JayBag
En route {image}
Attached Image
  • #569,465
  • Edited 4:14am Dec 30, 2020 3:59am | Edited 4:14am
Quoting Headland
...Eu have signed the deal, likely to pass the Uk house of commons today, and astra venica oxford vaccine been given regulatory approval - have helped lift £ so far today. .... {image}
So far, it's a good news day for £ !!

I say so far because later more top Tier 4 covid restrictions areas are likely to be announced resulting in a bigger hit to economy. Might even be a new Tier 5 added ?
Trader with an Edge.
  • #569,466
  • Dec 30, 2020 4:00am Dec 30, 2020 4:00am
Quoting KiwiTrada
{quote} above by .0008 advantage bulls, this is not retrospective I have just got home little tipsy but safe, bulls just tapped reasonable resistance 1 3578ish, will be interesting, bulls certainly look on rampage but I will defend 1 3578 13 pip sl, entry "now" may be quick death or catch some green pips
All this time at the pup KT? your a legendD
EDIT
Pub
I don't need to be good at the game, only good enough to beat my opponent,
  • #569,467
  • Dec 30, 2020 4:05am Dec 30, 2020 4:05am
Quoting nessus94
a few sell signals 1.3578
i think @1.3588
even better than mama
  • #569,468
  • Dec 30, 2020 4:20am Dec 30, 2020 4:20am
Damn thing won't even retrace!
  • #569,469
  • Dec 30, 2020 4:22am Dec 30, 2020 4:22am
Quoting Sang.Real
{quote} GU Newbie think, it will pass the resistant ( Consumed SND zone ) Going higher with Spike Lee help, TP {image}
GU

Spike Lee passing thro consumed Supply area.
Attached Image (click to enlarge)
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  • #569,470
  • Dec 30, 2020 4:25am Dec 30, 2020 4:25am
Quoting Kaysole
Damn thing won't even retrace!

it will do at some point of course, but it helps to be aware of what is driving it higher. Current 3624 yearly hi looking vulnerable.
Trader with an Edge.
  • #569,471
  • Dec 30, 2020 4:25am Dec 30, 2020 4:25am
Quoting Kaysole
Damn thing won't even retrace!
why would it? Everyone is selling on no liquidity day, it doesn’t need to retrace, can go 100-200 pips in 1 direction
  • #569,472
  • Dec 30, 2020 4:25am Dec 30, 2020 4:25am
Quoting nessus94
a few sell signals 1.3578
I think it'd test d1 resistance @ 1.3620 to clear stop losses before falling down.
  • #569,473
  • Dec 30, 2020 4:27am Dec 30, 2020 4:27am
Quoting Headland
{quote} it will do at some point of course, but it helps to be aware of what is driving it higher. Current 3624 yearly hi looking vulnerable.
Yes it does.
  • #569,474
  • Dec 30, 2020 4:28am Dec 30, 2020 4:28am
Quoting Rgentm
{quote} why would it? Everyone is selling on no liquidity day, it doesn’t need to retrace, can go 100-200 pips in 1 direction
If everyone were selling on no liquidity, it would be going down.
  • #569,475
  • Dec 30, 2020 4:31am Dec 30, 2020 4:31am
Quoting Headland
...Eu have signed the deal, likely to pass the Uk house of commons today, and astra venica oxford vaccine been given regulatory approval - have helped lift £ so far today. Right on 78.6% of that 3619-3429 at the current dly hi with 88.6% above at start of the prev 1hr/4hr/dly - all x 2 zone to 3619/24 thru which Dly R3 & 38.2% 7188-1411 @ 3617 runs. 1hr below. {image}
the market showing more usd weakness than strerling strength, if sterling was actually strengthening pa would be much more violent rise??
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  • #569,476
  • Dec 30, 2020 4:34am Dec 30, 2020 4:34am
Quoting detector
Not expecting much until this level has been tapped, a possible push through, who knows, indicators trying to pop off the top of the chart, D {image}
Well I wasn't far away with my efforts, just teetering over the line, maybe a spike to 1.36x from here, then we shall see where the market wants to go, could be faking out the shorts for another leg down, who knows until the move comes, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #569,477
  • Dec 30, 2020 4:35am Dec 30, 2020 4:35am
Quoting kk300
long at 3484 sl 3460 tp 3624
Good morning mates, what did i miss? Or i didnt miss any...
  • #569,478
  • Dec 30, 2020 4:37am Dec 30, 2020 4:37am
Quoting KiwiTrada
{quote} if fail will defend 1 3623
I will see how psych 1 3600 reacts any sign of bears will start building position up to 23-24ish
If you are new to Forex? Say Goodbye to your account!!
  • #569,479
  • Dec 30, 2020 4:37am Dec 30, 2020 4:37am
Quoting detector
{quote} Well I wasn't far away with my efforts, just teetering over the line, maybe a spike to 1.36x from here, then we shall see where the market wants to go, could be faking out the shorts for another leg down, who knows until the move comes, D
I think we are onto a wave from 1.3457.. 1.3457 is a midpoint between 1.3200 and 1.37246.. Having said this, the next target in mind for this to have a breather would be 1.37146..

Until 1.37146, I don’t see any res on its way.. Who knows, it could overshoot that handle and lands at 1.3900..

I have been patiently waiting for this for a while now.. Time consuming but worth every wait..

Lets see how it plays out
SS
  • #569,480
  • Dec 30, 2020 4:39am Dec 30, 2020 4:39am
Quoting thomi
{image}tight stop, arrived on resistance {image}
tight stop, arrived on resistance

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 93 KB
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