It was a trap 
yes yes yes
Cable Update (GBPUSD)
- #570,543
- Jan 6, 2021 8:11am Jan 6, 2021 8:11am
- Joined Oct 2019 | Status: Trader | 1,245 Posts
It was a trap
be patient for pullbacks bro and get in on them
- #570,544
- Jan 6, 2021 8:11am Jan 6, 2021 8:11am
- Joined Oct 2009 | Status: Trader | 5,634 Posts
{quote} Hey Coreg, you think that we are in this counting? 3 can be also 5 but given the retracement at 38.2 i think it's 3 (as per Gatenio suggestion) {image}
Always trade your own plan...I don't provide trading signals.
- #570,548
- Jan 6, 2021 8:21am Jan 6, 2021 8:21am
- Joined Oct 2019 | Status: Trader | 1,245 Posts
{quote} smashed right through, potential pull back if not down defo not getting in anything else today
this 530 still being stubborn
https://www.forexfactory.com/thread/...9#post13345369
like i said still watching it
Hello from Barbados guys! 
Luke, my golden puffer fish and I wish you a happy and lucky 2021!
After getting down
with COVID 4 months ago, and as the situation in Britain was worsening, Luke and I decided to relocate to Barbados for a year or so after recovering. Made the move in October. Whilst they have restrictions here too, at least the weather is more welcoming than Britain's winter glum. So far, no complaints from life here, although I do spend most of the time at home. Restrictions are still in place here too.
As for trading, my overall bearish USD view has not changed. I have continued to build USD short positions across most majors, and also long oil and other commodities. Except for USDJPY where, whilst I expect USD to keep falling, I have been building longs, for Japan and yen-specific reasons.
Here's a snapshot of where I''ve been with Cable over the past few months. Took quite a break from trading over the December period. Snapshot taken on Sunday.
Will post more updates on other majors elsewhere in the forums.
Luke, my golden puffer fish and I wish you a happy and lucky 2021! After getting down
with COVID 4 months ago, and as the situation in Britain was worsening, Luke and I decided to relocate to Barbados for a year or so after recovering. Made the move in October. Whilst they have restrictions here too, at least the weather is more welcoming than Britain's winter glum. So far, no complaints from life here, although I do spend most of the time at home. Restrictions are still in place here too. As for trading, my overall bearish USD view has not changed. I have continued to build USD short positions across most majors, and also long oil and other commodities. Except for USDJPY where, whilst I expect USD to keep falling, I have been building longs, for Japan and yen-specific reasons.
Here's a snapshot of where I''ve been with Cable over the past few months. Took quite a break from trading over the December period. Snapshot taken on Sunday.
Will post more updates on other majors elsewhere in the forums.
- #570,550
- Jan 6, 2021 8:25am Jan 6, 2021 8:25am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
{quote} I've noticed you have very strong discipline in cutting your losses quickly and letting your profits ride.
thats exactly what i am aiming for : Capital Preservation.
Get out as soon as it seems like a bad trade. If it develops let it ride but dont be greedy.
in wondering about yourself, you forgot what you came here to be part of
- #570,551
- Jan 6, 2021 8:26am Jan 6, 2021 8:26am
- Joined Oct 2019 | Status: Trader | 1,245 Posts
Hello from Barbados guys!
very jealous
hope all goes well
good to see you back
wish you green
- #570,555
- Jan 6, 2021 8:42am Jan 6, 2021 8:42am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
- #570,556
- Jan 6, 2021 8:47am Jan 6, 2021 8:47am
- Joined Aug 2018 | Status: Research Analyst | 4,290 Posts
Data + Stat + Risk/Emotions Management
- #570,559
- Jan 6, 2021 8:53am Jan 6, 2021 8:53am
- | Joined Jun 2019 | Status: on vacation | 1,726 Posts
- #570,560
- Jan 6, 2021 8:55am Jan 6, 2021 8:55am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of