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Cable Update (GBPUSD)

  • #570,841
  • Jan 7, 2021 8:58am Jan 7, 2021 8:58am
one more try
same level 3555 short
in wondering about yourself, you forgot what you came here to be part of
  • #570,842
  • Jan 7, 2021 9:00am Jan 7, 2021 9:00am
Quoting JayBag
{quote} Alright.. Just curious how you saw 1.3536 being broken?

Your level to confirm the correction 1.35415 was broken by price going to 1.3536
Follow The Markets Structure - Patience and Discipline
  • #570,843
  • Jan 7, 2021 9:01am Jan 7, 2021 9:01am
Quoting pipfarm
{quote} Your level to confirm the correction 1.35415 was broken by price going to 1.3536
Aha I see..

So that is what you consider a breakout?
  • #570,844
  • Jan 7, 2021 9:06am Jan 7, 2021 9:06am
Quoting pipfarm
{quote} Your level to confirm the correction 1.35415 was broken by price going to 1.3536

He doesn't understand bear.



May need pictures
Beware of robber banks (RB), bad advisors.
  • #570,845
  • Jan 7, 2021 9:10am Jan 7, 2021 9:10am
Quoting JayBag
{quote} Aha I see.. So that is what you consider a breakout?

Nope , i do not consider breakouts at all , only swings , the 4 hour H, L , LH , LL swings were already complete before you even mentioned 1.35415 breaking to confirm the correction, its how i knew the daily was moving into a correction ( market structure)
Follow The Markets Structure - Patience and Discipline
  • #570,846
  • Jan 7, 2021 9:10am Jan 7, 2021 9:10am
Quoting knkie
one more try same level 3555 short
ugh
+2

twitchy PA

its setting up for a big move i think but that could be either way up or down
in wondering about yourself, you forgot what you came here to be part of
  • #570,847
  • Jan 7, 2021 9:12am Jan 7, 2021 9:12am
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Maadik Hugiis. IQ 69.
  • #570,848
  • Jan 7, 2021 9:14am Jan 7, 2021 9:14am
...as Monday's 3541 broke to 3539 and proved to be a false 1st b/o, so 3539 broke to 3536 today and has again proven to be a lase 1st b/o...showing again that most 1st b/o's are false.

Re fractal analysis, Wkly and Dly remain in general fractal uptrends, 4hr is just about still in a general fractal uptrend but in a period of consolidation with a bearish tint to it, 1hr is ranging to bearish possibly in 1st stages of a general fractal downtrend ? Wil see what develops.

69% of 30day adr travelled so far today, 65% of 13week awr so far this week.
Trader with an Edge.
  • #570,849
  • Jan 7, 2021 9:17am Jan 7, 2021 9:17am
Quoting montygoldy
try a long position for 50pips...
I'm not so sure it can go up that 50 pips but for now just waiting. If it break MA100 then I will enter or if it will touch MA50 I will enter, too. As I can see for now there will be a good correction before furter up. Lets see.
Multiple Position Trader
  • #570,850
  • Jan 7, 2021 9:18am Jan 7, 2021 9:18am
Quoting pipfarm
{quote} Nope , i do not consider breakouts at all , only swings , the 4 hour H, L , LH , LL swings were already complete before you even mentioned 1.35415 breaking to confirm the correction, its how i knew the daily was moving into a correction ( market structure)
I see. I guess it’s safe to say only you understand your thought process..

from my chart, 1.35415 have not been broken. I have no idea where you saw the break but it’s fine.. Now I need a drink ..

Looking forward to welcome you to the bull side
Take care
  • #570,851
  • Jan 7, 2021 9:19am Jan 7, 2021 9:19am
Nice red



As always , take part profits, sell higher..... Take profits.. ..



Yeah trading pound is difficult if not patient.


As to me - easiest safest trade - just sell it.


Brexit anybody ???
Financial jobs disappear....
Virus rampant.....
Jobs down....
Pound future smells like old roses



And that's how a fundamental trader makes hundreds of pips (small lots) short, while technical guru trader is praying "Please please not 16 stop losses hit in a row . The book says put 100 pips profit and 33 SL and you'd be rich. . ".

Yeah right



Now with dollar etc Trumpy this can jump. . .. So wait. Sell

Beware of robber banks (RB), bad advisors.
  • #570,852
  • Jan 7, 2021 9:26am Jan 7, 2021 9:26am
looking around 1.3480 for long.
No trades for me this week
  • #570,853
  • Jan 7, 2021 9:26am Jan 7, 2021 9:26am
USDX giving me 4 hourly bullish confirmation signals, probably needs a retrace before I consider it a valid entry. More relevant to EurUsd. Just saying.
Take care.
Attached Image (click to enlarge)
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Trade to trade another day
  • #570,854
  • Jan 7, 2021 9:32am Jan 7, 2021 9:32am
Quoting JayBag
{quote} I see. I guess it’s safe to say only you understand your thought process.. from my chart, 1.35415 have not been broken. I have no idea where you saw the break but it’s fine.. Now I need a drink .. Looking forward to welcome you to the bull side Take care

Nothing mystical here , price made a low of 1.35368 on my brokers data feed currently 1.3538 and falling
Follow The Markets Structure - Patience and Discipline
  • #570,855
  • Jan 7, 2021 9:34am Jan 7, 2021 9:34am
Quoting Not-KPMG
{quote} He doesn't understand bear. May need pictures
Long time! You went on leave?
  • #570,856
  • Jan 7, 2021 9:34am Jan 7, 2021 9:34am
Just broken 1.3535 on my IG feed.. might cut my losses and start again
Insane in the Brain..
  • #570,857
  • Jan 7, 2021 9:34am Jan 7, 2021 9:34am
Quoting pipfarm
{quote} Nothing mystical here , price made a low of 1.35368 on my brokers data feed currently 1.3538 and falling
On every data steam I check its also broken.

With respect, sometimes we get tunnel vision. I've been short a while, I see 1.30, but I've always seen 1.40.
A fool and his money are easily parted
  • #570,858
  • Jan 7, 2021 9:35am Jan 7, 2021 9:35am
Quoting pipfarm
{quote} Nothing mystical here , price made a low of 1.35368 on my brokers data feed currently 1.3538 and falling
‘A Low’ is quite different from ‘A Breakout’

Now I understand you
  • #570,859
  • Jan 7, 2021 9:38am Jan 7, 2021 9:38am
The prospect of seeing the lower limit of the channel is greater now than before.

January in the Spotlight
Risk Management is of utmost importance!
  • #570,860
  • Jan 7, 2021 9:43am Jan 7, 2021 9:43am
GU is having trouble breaking the 61.8 Fib retracement. It may bounce here.
Attached Image (click to enlarge)
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Observation is the path to discovery.
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