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Cable Update (GBPUSD)

  • #571,281
  • Jan 11, 2021 7:43am Jan 11, 2021 7:43am
Quoting Rgkc
{quote} Unfortunately, it won't be easy
my chart is showing the way..
  • #571,282
  • Jan 11, 2021 7:57am Jan 11, 2021 7:57am
Hello pufferfish friends!

Well, all of last week, since Jan 6th when I last posted here, Luke has been busy liquidating all my Cable longs (and all stock index longs, commodity longs and USD shorts, for the matter, with the exception of the USDYen where the opposite has happened, for reasons I will post in the Yen thread soon).

Overall, it's been a choppy (when is it ever smooth!) but quite profitable ride up to 1.37, but now Luke says it's time to do a U-turn and he entered into Cable SHORTS.

Ultimate target: around 1.2820
By when? : Luke says by this time in April, so 3 months

Anything else from Luke? Yes, he says it will be a choppy ride down for Cable traders, so many might be trapped into longs along the way! I hope HE is not the one who gets trapped short! But I have to trust my pufferfish...

Here's Luke's cable weekly candle chart from Sunday 3rd Jan and the updated one from today. With the time zone change, I miss the London open but that's no big deal. I still usually catch the NY open. Besides, when you don't day trade & scalp, time zones don't matter much.

Finally, also attached is a selfie of Luke chilling by some corals!
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  • #571,283
  • Jan 11, 2021 7:58am Jan 11, 2021 7:58am
Quoting navk
no selling for me until London/ frankfurt open tomorrow.
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  • #571,284
  • Jan 11, 2021 7:59am Jan 11, 2021 7:59am
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yes yes yes
  • #571,285
  • Jan 11, 2021 8:25am Jan 11, 2021 8:25am
Hey added a long here small lots
good trades
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  • #571,286
  • Jan 11, 2021 8:36am Jan 11, 2021 8:36am
spike lee sleeping 13 pip away.. close there would wake him up surely.
  • #571,287
  • Jan 11, 2021 8:47am Jan 11, 2021 8:47am
TP got hit
Intraday only.
  • #571,288
  • Jan 11, 2021 8:50am Jan 11, 2021 8:50am
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yes yes yes
  • #571,289
  • Jan 11, 2021 8:54am Jan 11, 2021 8:54am
Quoting myths
{image}
tp
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  • #571,290
  • Jan 11, 2021 8:59am Jan 11, 2021 8:59am
usdix to 90.100 i think..is still a gap there
(assuming this is the "top" for now)
calbe tp 1.35430
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  • #571,291
  • Jan 11, 2021 9:01am Jan 11, 2021 9:01am
I had two wrong trades today, but one right trade made up for it. Today, two important points were obtained to enter the position
  • #571,292
  • Jan 11, 2021 9:03am Jan 11, 2021 9:03am
added at 521..
  • #571,293
  • Jan 11, 2021 9:04am Jan 11, 2021 9:04am
Quoting kk300
added at 521..
Added long or short?
Insane in the Brain..
  • #571,294
  • Jan 11, 2021 9:05am Jan 11, 2021 9:05am
Quoting BeeTogether
{quote} Added long or short?
long..
  • #571,295
  • Jan 11, 2021 9:09am Jan 11, 2021 9:09am
Done for today? Or maybe not?
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These two were massive...
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Maadik Hugiis. IQ 69.
  • #571,296
  • Jan 11, 2021 9:10am Jan 11, 2021 9:10am
took profit , switched to short
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yes yes yes
  • #571,297
  • Jan 11, 2021 9:12am Jan 11, 2021 9:12am
Quoting Moty
took profit , switched to short {image}
Moty, not yet!!
Wait for the setup....
Lost....
  • #571,298
  • Jan 11, 2021 9:18am Jan 11, 2021 9:18am
Quoting Maximumheigh
{quote} Good morning friends. 1.351x reached. Watching for market reaction here. A pullback to 1.355x expected before any move down. IMO
Offloaded most of my long trade. Still expecting market reaction at 1.355x for a move down. IMO
  • #571,299
  • Jan 11, 2021 9:21am Jan 11, 2021 9:21am
Quoting Wavegarrick
{quote} Gu Update. Unfortunately, some of my locked-in trades from yesterday were taken out for small profits during NFP, but also presented nice re-entries and all locked in once again. Have a great weekend folks. Cheers. {image}
A possible scenario for me here. A retest of my daily pivot at 1.35307 and perhaps an overshoot to my mid-round number at 1.35500 for a sell trade. a Break above 1.35500 could lead to a test of my weekly pivot at 1.35766. Not an impossible scenario.
Have a great week.
Cheers
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Trade to trade another day
  • #571,300
  • Jan 11, 2021 9:22am Jan 11, 2021 9:22am
Quoting MoneyZilla
Done for today? Or maybe not? {image}{image}{image} These two were massive... {image}{image}
hey
Hope u good long time
Can you tell me how i search that method in google ?
Those numbers and arrows , dont want the indicator just find the logic behind
Thanks
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