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Cable Update (GBPUSD)

  • #570,721
  • Jan 7, 2021 3:15am Jan 7, 2021 3:15am
Quoting helioss
Fibonacci on Daily is calling .3742, meters full long.... not so impossible {image}
This scenario is still valid
  • #570,722
  • Jan 7, 2021 3:17am Jan 7, 2021 3:17am
Quoting gatenio
{quote} this band, you count about it a lot, MA is nice to show the trend, but this is not a trendstop line. gold will get 2000 again, soon. and yesterday after they clear the gap and probably the 4th wave.. get ready to rumble. but of course i could be wrong yesterday i bought 1902, and closed it early at 1910.. gold cost me 30K after christmes weekend.. all weekend i check the price on xe, and i saw 10 points gap down, she open 10 point gap up.. my SL was on 5 pips.. so the open made me pay *2 SL - MF!!!
In my feed, the gap wasn't filled yesterday. Regardless, I think gold will break below the 1,900 handle.
Of course, you could be right and I could be dead wrong about that.
  • #570,723
  • Jan 7, 2021 3:18am Jan 7, 2021 3:18am
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Maadik Hugiis. IQ 69.
  • #570,724
  • Jan 7, 2021 3:20am Jan 7, 2021 3:20am
... diamond pattern still very much there on 1hr / 4hr. 1hr below.
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Trader with an Edge.
  • #570,725
  • Jan 7, 2021 3:35am Jan 7, 2021 3:35am
Quoting KiwiTrada
{quote} well looks like she wants to test the rising tl, surprise surprise, with tl,s very subjective vertical intersection of the rising tl is approx 2276 for this hour next hour will be higher, time to wait and see, seems the bears "were" gathering :-)
2288 was last weeks close with this weeks open 2240 aka "gap" pa 2288 right now 2276 then 2265 all barriers for bears then should be freefall if can get through for next couple weeks or so :-) (with or without retest)
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  • #570,726
  • Jan 7, 2021 3:38am Jan 7, 2021 3:38am
Quoting KiwiTrada
{quote} 2288 was last weeks close with this weeks open 2240 aka "gap" pa 2288 right now 2276 then 2265 all barriers for bears then should be freefall if can get through for next couple weeks or so :-) (with or without retest)
swissy just pushing through yesterdays high, uj same so she is all on going into nfp
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  • #570,727
  • Jan 7, 2021 3:42am Jan 7, 2021 3:42am
Quoting Milan
{quote} I believe shorts are just temporial today.
You could be right Milan. Anyway price was pushed up to my Daily open at 1.3624 ish which got me into some sell trades and dropped back down below my daily pivot at 1.36110. We will see how this plays out. I will update later.
Cheers Mate
Trade to trade another day
  • #570,728
  • Jan 7, 2021 3:53am Jan 7, 2021 3:53am
Spike Lee walking in to respond to Trump..
I think we can already guess he's response?
  • #570,729
  • Jan 7, 2021 3:54am Jan 7, 2021 3:54am
Quoting Kaysole
{quote} In my feed, the gap wasn't filled yesterday. Regardless, I think gold will break below the 1,900 handle. Of course, you could be right and I could be dead wrong about that.
maybe,
im not going to sell gold soon, just buying dips.
waiting the price kiss my TL
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  • #570,730
  • Jan 7, 2021 3:55am Jan 7, 2021 3:55am
Quoting JayBag
Spike Lee walking in to respond to Trump.. I think we can already guess he's response?
be cautious
maybe a big dollar rise is coming
Make money by doing the opposite of Giveachance aka loser
  • #570,731
  • Jan 7, 2021 4:00am Jan 7, 2021 4:00am
Quoting Milan
{quote} I believe shorts are just temporial today.
what is "temporial" mean, this week has been trader slaughter house, commentary last weekend it gap up 3700 strongly rejected and she bombed down to 3540 160pips, all happen Monday since the pa has traded east in ping pong mode or coil around 3600 a strong level was to be expected, flick up from 3600 then down below then up above then down below etc and she still there right now 3600, is not rocked science, most traders here been buying and selling some doing both, my guess they been losing, if they were honest, ooh its going up long, she flips, chit its going down she flips chit its going up etc etc, not being mean, its just not a market to be traded without good strategy and strict trade plan, is simple present daily range is 137 000 135 000 buy low sell high don't trade in the middle it is where fools trade, my two cent, please take no offense peace!!!!
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  • #570,732
  • Jan 7, 2021 4:01am Jan 7, 2021 4:01am
Quoting Wavegarrick
{quote} You could be right Milan. Anyway price was pushed up to my Daily open at 1.3624 ish which got me into some sell trades and dropped back down below my daily pivot at 1.36110. We will see how this plays out. I will update later. Cheers Mate

Hi Wavegarrick,

i see you have been using this cycles method for some time now and i had a read of your thread on the other forum , i noticed you trade every cycle , corrective and impulsive , is that intentional or does you system not recognise the difference?
Follow The Markets Structure - Patience and Discipline
  • #570,733
  • Jan 7, 2021 4:03am Jan 7, 2021 4:03am
Quoting nessus94
{quote} be cautious maybe a big dollar rise is coming
It's not yet time for Dollar to give us that last horse kick..
But thanks, I will be cautious

SS
  • #570,734
  • Jan 7, 2021 4:03am Jan 7, 2021 4:03am
Quoting nessus94
{quote} be cautious maybe a big dollar rise is coming
soon,
but who want to go with it..
Divergence on 4h macd.

I want $ on 88.7
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  • #570,735
  • Jan 7, 2021 4:09am Jan 7, 2021 4:09am
Quoting gatenio
{quote} soon, but who want to go with it.. Divergence on 4h macd. I want $ on 88.7 {image}
88xx is greed no?

i don't know
Make money by doing the opposite of Giveachance aka loser
  • #570,736
  • Jan 7, 2021 4:16am Jan 7, 2021 4:16am
Quoting gatenio
{quote} maybe, im not going to sell gold soon, just buying dips. waiting the price kiss my TL {image}
nice chart, if zoom in the rejection of resistance 1960ish November high zone printed an almost picture perfect rising channel aka bear flag which of course preceded the dump right now she is printing another rising channel aka bear flag and tapping the ltl as typing so no sure which dips you been buying it was seller pa, as posted, gap still to be closed ( if ever) 1889 77 but 1910 then 1900 to be dealt with first
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  • #570,737
  • Jan 7, 2021 4:24am Jan 7, 2021 4:24am
here in GU can be up and down,but main direction will be up.Just wait.gu should go down two days ago,but didnt want to do it.H4
  • #570,738
  • Jan 7, 2021 4:29am Jan 7, 2021 4:29am
Quoting KiwiTrada
{quote} 2288 was last weeks close with this weeks open 2240 aka "gap" pa 2288 right now 2276 then 2265 all barriers for bears then should be freefall if can get through for next couple weeks or so :-) (with or without retest)
both 76 and 65 like knife thru butter (no retest yet) but looking pretty ominous, Monday and Tuesday lows next in line, dump could get really really nasty daily timeframe
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  • #570,739
  • Jan 7, 2021 4:33am Jan 7, 2021 4:33am
Quoting KiwiTrada
{quote} both 76 and 65 like knife thru butter (no retest yet) but looking pretty ominous, Monday and Tuesday lows next in line, dump could get really really nasty daily timeframe
us/chf, u/j, us/cad flying eu au nu bombing cable still ping pong lovely night for USD
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  • #570,740
  • Jan 7, 2021 4:34am Jan 7, 2021 4:34am
for me line of trend in my 4 h chart- 1.3588-98 if gu stays a lot of time above this line. it prepares for go up.
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