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Cable Update (GBPUSD)

  • #640,421
  • Nov 19, 2021 4:46am Nov 19, 2021 4:46am
Quoting gatenio
Ok, fixed my chart. Took long, 1.3417, for 1.355 1st traget monday-tuesday.
Waiting for your 1.355 to short heavily again
  • #640,422
  • Nov 19, 2021 4:46am Nov 19, 2021 4:46am
Quoting mysterio
All the comments looking for fundamental reasons -- you can capture this whole drop on technicals alone, it was all there. Friday a big move is not uncommon on cable Also remember GU in a downtrend and Dollar in uptrend, if you're a good trader you're looking to sell the pullbacks/highs on cable, the rapid sell off is what you're waiting for, not a surprise

Exactly my point, traders be looking for "reasons" for moves... Very funny... By the time you know the reasons ...the move is already over ..lol...so why bother to know the fundamental reason for price moves ( fundamentals to me are just adding fuel to an existing fire)...trade what you see, know this and know peace ...stay blue guys
  • #640,423
  • Nov 19, 2021 4:50am Nov 19, 2021 4:50am
Quoting duve
{quote} I'm over here disgusted lol.

Shouldn't be...the market is going nowhere fast!
It will be here even after you are gone ...opportunities are endless... No need to feel so bad bout it...imagine if the reverse was the case ...for whatever reason we saw a 200 pip move upwards ...would u have felt disgusted??
  • #640,424
  • Nov 19, 2021 4:55am Nov 19, 2021 4:55am
Quoting genadi
{quote} this is risky. good luck
Attached Image (click to enlarge)
Click to Enlarge Name: GU 19 Nov A.png Size: 56 KB
Attached Image (click to enlarge)
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Did you place your stop loss order? Why not?!? Story of my life...
  • #640,425
  • Nov 19, 2021 5:04am Nov 19, 2021 5:04am
Quoting genadi
need a bounce up now. so we can sell.
Train has left the station.
  • #640,426
  • Nov 19, 2021 5:07am Nov 19, 2021 5:07am
Quoting Wavegarrick
Oki Dokes, So where were we last? We move on. Trying some shorts here. Tight stops. Have a great weekend. Cheers. {image}
Hi Guys,
Nothing much changes for me, patience and more patience. I remain bearish until my system tells me otherwise. It has been a case of rinse and repeat, closing trades for small profits, and getting in higher. My 61.8% fib retrace at 1.35101 which is last week's candle high to a new yearly low, provided a nice bounce, back downwards.
Having said that, I would like to see a weekly close below 1.34000 for bears to gain traction.
Have a great weekend.
Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #640,427
  • Nov 19, 2021 5:08am Nov 19, 2021 5:08am
Quoting Jolita
{quote} Train has left the station.
better jump on the running train… a lift back to 135 area for a bungee jump down
Insane in the Brain..
  • #640,428
  • Nov 19, 2021 5:11am Nov 19, 2021 5:11am
Quoting duve
{quote} I'm over here disgusted lol.

dont worry u will nail it next time..the good thing is ...u will have the same situation again and again..
  • #640,429
  • Nov 19, 2021 5:15am Nov 19, 2021 5:15am
  • #640,430
  • Nov 19, 2021 5:16am Nov 19, 2021 5:16am
I was not very confident in the long. Out now.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 19 Nov C.png Size: 45 KB
Did you place your stop loss order? Why not?!? Story of my life...
  • #640,431
  • Nov 19, 2021 5:17am Nov 19, 2021 5:17am
Quoting Pat Chiko
{quote} Thanks for your reply Bro. Yes, you're right on that S&R set up. Until it hold valid then wee will decide for next trade. wish you all the best with your trade. PAT EDIT : One more things, I observe GJ is in compressing mode. It will drop to the origin once price hit the resistance.
Closed my GJ shorts at daily level
1:8.4 RR trade!!
Attached Image (click to enlarge)
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  • #640,432
  • Nov 19, 2021 5:25am Nov 19, 2021 5:25am
Quoting Nd10
{quote} Navin i hope you managed to escape from those sells of days ago when it was buying?
still in ...what will be will be
  • #640,433
  • Nov 19, 2021 5:25am Nov 19, 2021 5:25am
took short 1.3435
Trade with prediction = witch with her visions lol
  • #640,434
  • Nov 19, 2021 5:36am Nov 19, 2021 5:36am
Quoting BeeTogether
{quote} better jump on the running train… a lift back to 135 area for a bungee jump down
We are going through the French Alps, Chamonix, Mont Blank, Mere de glace, next stop at 134, ice cave.
Attached Image
  • #640,435
  • Nov 19, 2021 5:36am Nov 19, 2021 5:36am
Cobra Style

Auction for 200 pips starts
  • #640,436
  • Nov 19, 2021 5:38am Nov 19, 2021 5:38am
morning they hurting them euro so much ( i never checked euro )
  • #640,437
  • Nov 19, 2021 5:44am Nov 19, 2021 5:44am
Quoting Robinhood1
Still waiting {image}
Attached Image
POSTMASTER
  • #640,438
  • Nov 19, 2021 5:47am Nov 19, 2021 5:47am
Quoting Pram808
{image}
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as i expected,
Using Chaos to Finding Order
  • #640,439
  • Nov 19, 2021 5:53am Nov 19, 2021 5:53am
What is the risk reward ratio who doesn't use SL?
For 100 pips: 0:1000?
  • #640,440
  • Nov 19, 2021 5:55am Nov 19, 2021 5:55am
Quoting Wavegarrick
{quote} Hi Guys, Nothing much changes for me, patience and more patience. I remain bearish until my system tells me otherwise. It has been a case of rinse and repeat, closing trades for small profits, and getting in higher. My 61.8% fib retrace at 1.35101 which is last week's candle high to a new yearly low, provided a nice bounce, back downwards. Having said that, I would like to see a weekly close below 1.34000 for bears to gain traction. Have a great weekend. Cheers. {image}
Looking at the daily, you are going in the right direction, spot on IMO, I think it’s time for GU to break loose, dropping out of her cage and as I posted earlier, the Lunar eclipse from last night is the trigger for this move. I know that the Lunar eclipse reason sounds seriously ridiculous lol, but next week I expect her to go towards 1.33-1.32 area. We shall see. Best of luck Wavegarrick!!
Attached Image (click to enlarge)
Click to Enlarge Name: GU Cage.png Size: 53 KB
Did you place your stop loss order? Why not?!? Story of my life...
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