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Cable Update (GBPUSD)

  • #642,081
  • Nov 29, 2021 1:34pm Nov 29, 2021 1:34pm
My long position looks in danger..
Will wait a bit but will probably close it in loss

Unless market will do it for me

90% of traders use TA, indicators and prediction
  • #642,082
  • Nov 29, 2021 1:37pm Nov 29, 2021 1:37pm
Quoting _BBKing_
My long position looks in danger.. Will wait a bit but will probably close it in loss Unless market will do it for me
And Powell speaks in 30 mins..
Insane in the Brain..
  • #642,083
  • Nov 29, 2021 1:37pm Nov 29, 2021 1:37pm
IF price goes long will reach 13544/46 no more and down
POSTMASTER
  • #642,084
  • Nov 29, 2021 1:39pm Nov 29, 2021 1:39pm
Problem is the trend is looking awfully bearish 134 might be the top end if we get lucky
Insane in the Brain..
  • #642,085
  • Nov 29, 2021 1:49pm Nov 29, 2021 1:49pm
Quoting forex-wolf
{quote} Do not swear https://www.youtube.com/watch?v=n8q0Kd3AkO0
I have a dream. I want to work in Swiss bank. Hope I will get there in next 10 years.

  • #642,086
  • Nov 29, 2021 1:52pm Nov 29, 2021 1:52pm
Quoting Jolita
{quote} So are best books written years ago.
Guess it was during dukascopy webinars. I used to publish them
Looookg time ago.

Thank you for your words, appreciates. Did non expect to find someone who knew about what I did in the past
I almost forgot about this part btw!
Lol
90% of traders use TA, indicators and prediction
  • #642,087
  • Nov 29, 2021 1:54pm Nov 29, 2021 1:54pm
Quoting BeeTogether
{quote} And Powell speaks in 30 mins..
Ops I missed that.
I thought he was speaking earlier b4 london close.

Well lets see if some moves happen
90% of traders use TA, indicators and prediction
  • #642,088
  • Nov 29, 2021 2:00pm Nov 29, 2021 2:00pm
There will be an 81% pullback from 13607 to 13264(not at mt4) =13541/46
POSTMASTER
  • #642,089
  • Nov 29, 2021 2:03pm Nov 29, 2021 2:03pm
Quoting BeeTogether
Problem is the trend is looking awfully bearish 134 might be the top end if we get lucky
We might retrace a bit lower, but monthly and weekly is oversold.
In my view in a few days or more likely from 1st of Dec we will go up. Only the level on monthly that's is a question. We should never be 100% sure on direction, I've learned to think 50/50.
Look at this black line on monthly, nearly crossed to the bearish side, but in some cases also spikes back up. What is interesting, stoch's over sold, meaning long trade should start. Not advised to blindly short, could be a trap. I will wait for a good entry.

Monthly
Attached Image (click to enlarge)
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Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20211129-195500~2.png Size: 169 KB

Trade safe.
  • #642,090
  • Nov 29, 2021 2:11pm Nov 29, 2021 2:11pm
Quoting Jolita
{quote} We might retrace a bit lower, but monthly and weekly is oversold. In my view in a few days or more likely from 1st of Dec we will go up. Only the level on monthly that's is a question. We should never be 100% sure on direction, I've learned to think 50/50. Look at this black line on monthly, nearly crossed to the bearish side, but in some cases also spikes back up. What is interesting, stoch's over sold, meaning long trade should start. Not advised to blindly short, could be a trap. I will wait for a good entry. Monthly{image} Weekly {image}...
agree with you, it’s major oversold and without a big drop it’s been a trickle the last 10 days. Almost feels as if the pair are exhausted in the drop. But the 131 area is so close
Insane in the Brain..
  • #642,091
  • Nov 29, 2021 2:15pm Nov 29, 2021 2:15pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 30 KB
yes yes yes
  • #642,092
  • Nov 29, 2021 2:23pm Nov 29, 2021 2:23pm
Quoting BeeTogether
{quote} agree with you, it’s major oversold and without a big drop it’s been a trickle the last 10 days. Almost feels as if the pair are exhausted in the drop. But the 131 area is so close
Someone is fighting the drop.
I just dont wanna fall for the trap.
Looking at zoomed out chart is a clear drop. But what if not, especially we are close to Dec 6th.
I can be wrong.
Georginson also predicted possible uptrend short term.
  • #642,093
  • Nov 29, 2021 2:24pm Nov 29, 2021 2:24pm
my view
If we stay above S = long to R
Attached Image (click to enlarge)
Click to Enlarge Name: r.jpg Size: 279 KB
Trendlines H1,H4, SMC
  • #642,094
  • Nov 29, 2021 2:28pm Nov 29, 2021 2:28pm
Quoting Waveskierrob
SHORT and LONG 1.3300 no tps no sls
Closed LONG 1.3303 +3 pippers ....+76 for the day, nighty night all
  • #642,095
  • Nov 29, 2021 2:30pm Nov 29, 2021 2:30pm
Quoting BeeTogether
{quote} agree with you, it’s major oversold and without a big drop it’s been a trickle the last 10 days. Almost feels as if the pair are exhausted in the drop. But the 131 area is so close
That's an interesting point indeed
The move down is not clean. Who trade from a while can perceiven the difference between a clean move and when something is boiling around.

This last step down let s say from 1.36 or so is that kind of unclean move imo. Thats why I'm looking to buy instead of sell.

A friend called it the F factor

Is something to put into when planning a trade
90% of traders use TA, indicators and prediction
  • #642,096
  • Nov 29, 2021 2:49pm Nov 29, 2021 2:49pm
Quoting Jolita
{quote} Someone is fighting the drop. I just dont wanna fall for the trap. Looking at zoomed out chart is a clear drop. But what if not, especially we are close to Dec 6th. I can be wrong. Georginson also predicted possible uptrend short term.
I had 13550 down as a possible top end but the uptrend we might see could be limited to the 134
Insane in the Brain..
  • #642,097
  • Nov 29, 2021 3:01pm Nov 29, 2021 3:01pm
In this setup, a move higher than 3360 is first step to move up.
If tge 3350/60 is conquered by bulls as support, then we might see a breake up and a base to move higher again into 1.34 area to 1.35 and so on.

Lot of work to be done....
Lot of reasons to come.

Atm, a move uo to 3360/3400 is possible technically speaking. Maybe even good place to look for shorts
90% of traders use TA, indicators and prediction
  • #642,098
  • Nov 29, 2021 3:40pm Nov 29, 2021 3:40pm
I found time to print 2 charts.

This is the scenario I meant in previous post:
Attached Image (click to enlarge)
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And this is another possible scenario:
Attached Image (click to enlarge)
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At this point, both are possible of course as always and as together with many others.
Let's put this way:
The scenario 1 needs reasons to happen. I mean, to move higher than 1.34 market IMO needs reasons while ATM scenario 2 is just slight continuation of recent past without need to breake important key levels (nearest is 3250 for what I see which is near but same time quite far). Market is crazy so let's see what's next.

I am still holding my long position but it's more a bet than a trade and my stop loss is really closed to a place where i would not be surprised to find market tomorrow morning.
90% of traders use TA, indicators and prediction
  • #642,099
  • Nov 29, 2021 4:01pm Nov 29, 2021 4:01pm
Btw...
Simple things are always best ones.
This comes from Light Today.
Market precisely respected some key leves and rules: supply / demand + pivots + gaps.
Blue dotted line is weekly pivot. Black is quarterly pivot.
Attached Image (click to enlarge)
Click to Enlarge Name: InkedChart_LIGHT.CMD_USD_Hourly_snapshot.jpg Size: 123 KB

Same happened in cable today reaching weekly pivot and previous hourly high near 3355.

Trading is most of the times just that: searching for a simple scenario and trade it.
90% of traders use TA, indicators and prediction
  • #642,100
  • Nov 29, 2021 4:13pm Nov 29, 2021 4:13pm
Quoting Robinhood1
{quote} This means nothing. small drawdown 16.5%. 1079 pips now. Eventhough you do not display a TE i did not think you´d be rubbing in things, I kind a like you. Anyway, you are now on my holy ignore list untill you address to me with some credibility, a TE for example and that applies to the rest. I will post as general but will not come into contract unless the other side is provided with serious proof for trading. I got kind a sick of this nonse and i´ve been around since 2011. {image}
coming down to 590 pips. If you times an average of 275 pips (red circle) by number of lot 22 = 6050 pips profit reaching target to added at actual balance. Goverments tell figures the way suits them and this is what it will be. Input is not important but the outcome for good or bad is. Nice BS at the moment. smells good

Attached Image (click to enlarge)
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POSTMASTER
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