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Cable Update (GBPUSD)

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  • Post #570,661
  • Quote
  • Jan 6, 2021 3:15pm Jan 6, 2021 3:15pm
  •  joesherwood
  • Joined Oct 2019 | Status: Member | 1,113 Posts
Quoting knkie
Disliked
{quote} M30 broke 3599 to the downside but i was tight so stopped out +2 pips. twitchy price action now. be careful.
Ignored
last hour of NY
and upcoming reset
  • Post #570,662
  • Quote
  • Jan 6, 2021 3:18pm Jan 6, 2021 3:18pm
  •  knkie
  • Joined Apr 2012 | Status: Member | 5,553 Posts | Invisible
lots of momentum in this move up.
you saw it coming !
in wondering about yourself, you forgot what you came here to be part of
  • Post #570,663
  • Quote
  • Jan 6, 2021 3:20pm Jan 6, 2021 3:20pm
  •  JayBag
  • Joined May 2016 | Status: IconAlive | 5,397 Posts
Quoting JayBag
Disliked
{quote} Sorry to hear that. Try not to fall for this down BO. Its the actual TRAP lord. The Bo to the upside just required you to lot wisely and be patient... Take Care
Ignored
Trap Lords
End-Time Investor
  • Post #570,664
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  • Jan 6, 2021 3:22pm Jan 6, 2021 3:22pm
  •  knkie
  • Joined Apr 2012 | Status: Member | 5,553 Posts | Invisible
apparently the us senate has been breached by protesters and they are actually on the senate floor.
in wondering about yourself, you forgot what you came here to be part of
1
  • Post #570,665
  • Quote
  • Jan 6, 2021 3:25pm Jan 6, 2021 3:25pm
  •  JayBag
  • Joined May 2016 | Status: IconAlive | 5,397 Posts
Quoting knkie
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apparently the us senate has been breached by protesters and they are actually on the senate floor.
Ignored
I guess popcorn should be ordered the . It’s about to get more interesting
End-Time Investor
2
  • Post #570,666
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  • Jan 6, 2021 3:26pm Jan 6, 2021 3:26pm
  •  knkie
  • Joined Apr 2012 | Status: Member | 5,553 Posts | Invisible
Quoting JayBag
Disliked
{quote} I guess popcorn should be ordered the . It’s about to get more interesting
Ignored
its getting crazy
lol
in wondering about yourself, you forgot what you came here to be part of
1
  • Post #570,667
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  • Jan 6, 2021 3:29pm Jan 6, 2021 3:29pm
  •  pipfarm
  • Joined Oct 2010 | Status: Being Patient Under Lockdown | 2,266 Posts
Quoting JayBag
Disliked
{quote} Trap Lords
Ignored

To be fair Jaybag the market position is a bit tricky at the moment and could be a bull and bear trap with the lower high lower low swing on the 4h as it does not fit in with a 4H correction , market is still bullish but may be moving into a daily correction but i am not seeing the corrective swing on the daily at the moment, i seem to have some lag in my structure ,same problem on gbpjpy but all other pairs perfect structures
Follow The Markets Structure - Patience and Discipline
4
  • Post #570,668
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  • Jan 6, 2021 3:39pm Jan 6, 2021 3:39pm
  •  JayBag
  • Joined May 2016 | Status: IconAlive | 5,397 Posts
Quoting pipfarm
Disliked
{quote} To be fair Jaybag the market position is a bit tricky at the moment and could be a bull and bear trap with the lower high lower low swing on the 4h as it does not fit in with a 4H correction , market is still bullish but may be moving into a daily correction but i am not seeing the corrective swing on the daily at the moment, i seem to have some lag in my structure , does not happen often.
Ignored
Hi Pipfarm,

This is the part when things go in reverse. Shooting star becomes inverted hammer etc..

I personally don’t see any correction till atleast Roof top is cleared out..

SS
End-Time Investor
2
  • Post #570,669
  • Quote
  • Jan 6, 2021 3:57pm Jan 6, 2021 3:57pm
  •  babayaga
  • | Joined Aug 2010 | Status: Member | 165 Posts
holding buy.., any thoughts
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dolce vita
1
  • Post #570,670
  • Quote
  • Jan 6, 2021 3:59pm Jan 6, 2021 3:59pm
  •  pipfarm
  • Joined Oct 2010 | Status: Being Patient Under Lockdown | 2,266 Posts
Quoting JayBag
Disliked
{quote} Hi Pipfarm, This is the part when things go in reverse. Shooting star becomes inverted hammer etc.. I personally don’t see any correction till atleast Roof top is cleared out.. SS
Ignored

Maybe you do not see it but in my book 2 swings down against the minor 4H trend without a break of prior support is a correction of higher degree and the lag i am getting is an indication of possibly more down side in the 2nd leg.
Follow The Markets Structure - Patience and Discipline
1
  • Post #570,671
  • Quote
  • Jan 6, 2021 4:05pm Jan 6, 2021 4:05pm
  •  JayBag
  • Joined May 2016 | Status: IconAlive | 5,397 Posts
Quoting pipfarm
Disliked
{quote} Maybe you do not see it but in my book 2 swings down against the minor 4H trend without a break of prior support is a correction of higher degree and the lag i am getting is an indication of possibly more down side in the 2nd leg.
Ignored
I do not see it TBH .. Asia likely to have fun and set the pace. Rooftop level needs clearance IMO.. until that happens, no retrace on sight

MM are artistic with PA and can paint a picture so well that even the best falls for it.. Skrrrrrr not me
End-Time Investor
  • Post #570,672
  • Quote
  • Jan 6, 2021 4:28pm Jan 6, 2021 4:28pm
  •  Vyda
  • | Joined Mar 2020 | Status: Member | 26 Posts
;D
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  • Post #570,673
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  • Jan 6, 2021 4:46pm Jan 6, 2021 4:46pm
  •  WhipKream
  • | Joined Nov 2018 | Status: Member | 416 Posts
haha, yeah. so id assume the protestors in the capitol are not gonna help the dollar. i just hope this move doesnt happen with no liquidity available . real early asia push maybe
  • Post #570,674
  • Quote
  • Jan 6, 2021 4:49pm Jan 6, 2021 4:49pm
  •  viktoriaxz
  • | Joined Jun 2019 | Status: Member | 1,196 Posts
ok channel weekly. it can be 1.39 if look your channel.i see 1.37600-1.38
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1
  • Post #570,675
  • Quote
  • Jan 6, 2021 4:56pm Jan 6, 2021 4:56pm
  •  BeeTogether
  • | Joined Oct 2020 | Status: Member | 785 Posts
Quoting viktoriaxz
Disliked
ok channel weekly. it can be 1.39 if look your channel.i see 1.37600-1.38 {image}
Ignored
Here’s hoping tomorrow is a better day
  • Post #570,676
  • Quote
  • Jan 6, 2021 5:16pm Jan 6, 2021 5:16pm
  •  coolmakina
  • Joined Apr 2013 | Status: Member | 1,807 Posts
looks like its going to be a long day tomorrow...
at least i'm with bullish bias for tomorrow. Waiting till LO.
stay cool.
If you don't know how to earn money, don't loose it.
1
  • Post #570,677
  • Quote
  • Jan 6, 2021 5:25pm Jan 6, 2021 5:25pm
  •  buddha-
  • | Joined Feb 2019 | Status: Member | 776 Posts
none,
  • Post #570,678
  • Quote
  • Jan 6, 2021 5:34pm Jan 6, 2021 5:34pm
  •  coolmakina
  • Joined Apr 2013 | Status: Member | 1,807 Posts
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If you don't know how to earn money, don't loose it.
  • Post #570,679
  • Quote
  • Jan 6, 2021 5:54pm Jan 6, 2021 5:54pm
  •  myths
  • | Joined Nov 2020 | Status: Member | 129 Posts
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  • Post #570,680
  • Quote
  • Jan 6, 2021 6:31pm Jan 6, 2021 6:31pm
  •  coolmakina
  • Joined Apr 2013 | Status: Member | 1,807 Posts
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If you don't know how to earn money, don't loose it.
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