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Cable Update (GBPUSD)

  • #472,581
  • Dec 12, 2018 6:52am Dec 12, 2018 6:52am
Quoting Hickson
{quote} I'd say he would brag a lot today about some shorts being stopped out. But who cares. Because they were stopped out. Hard stops.
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will it make it 2630 was the last targeted area for me
  • #472,582
  • Dec 12, 2018 6:54am Dec 12, 2018 6:54am
Quoting used
If May loses no doubt the pound will fall vs USD . However , EUR has more of a dog in this fight and will be more affected . That's why I waiver on how it will move . I'm currently long EUR/GBP but will be hedging nearer the vote .

i doubt it, it will be stronger, if anything euro will weaker, a lot of you think euro is solid, its far from it, its been over priced since it was tradable
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #472,583
  • Dec 12, 2018 6:55am Dec 12, 2018 6:55am
Quoting Ysfbeck
check the numbers of traders buying cable, dropped from yesterday 10%, they switched to the bear side and today they are busted, lol.
Is there any truth in the idea that one could look at the "sentiment of traders" on a site such as IG Index and take the opposite view to the Retail consensus -example: take longs when they 9Retail) are shown net short ?
every Saint has a past. Every Sinner has a Future
  • #472,584
  • Dec 12, 2018 6:57am Dec 12, 2018 6:57am
statistics: EG hit 3 standard deviation monday at 0.9080
GN hit 3 standard deviation today at 1.81258
these are statically extreme prices on yearly basis, the average used is 255 on daily (number of working days).
  • #472,585
  • Dec 12, 2018 6:59am Dec 12, 2018 6:59am
Quoting turnip15
{quote} Is there any truth in the idea that one could look at the "sentiment of traders" on a site such as IG Index and take the opposite view to the Retail consensus -example: take longs when they 9Retail) are shown net short ?

no, the database isnt large enough, you'll need to use commitment of traders, via bar chart dot com
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  • #472,586
  • Dec 12, 2018 7:01am Dec 12, 2018 7:01am
Quoting Ill-b-back
{quote} Into my sell zone {image} {image}
I think this bull will soon terminate
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Come with me if you want to live....
  • #472,587
  • Dec 12, 2018 7:03am Dec 12, 2018 7:03am
What day is today? Ping Pong day or Breaking news day? Man, they keep on coming
  • #472,588
  • Dec 12, 2018 7:12am Dec 12, 2018 7:12am
Quoting kazachokings
What day is today? Ping Pong day or Breaking news day? Man, they keep on coming
It has just started.
There will be more news and drama,CPI,the vote,May's histeria and so on.
  • #472,589
  • Dec 12, 2018 7:25am Dec 12, 2018 7:25am
might be a good shorting opportunity if we close and yesterdays high doesnt get tested
  • #472,590
  • Dec 12, 2018 7:28am Dec 12, 2018 7:28am
Morning! Just opened short at top, 2582... Sl tight, lets see if is channeling...
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  • #472,591
  • Dec 12, 2018 8:02am Dec 12, 2018 8:02am
update , critical level rached to see next , tanking great if
https://www.forexfactory.com/showthr...2#post11792212
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #472,592
  • Dec 12, 2018 8:04am Dec 12, 2018 8:04am
So quiet here ... yes, I shorted too and got s/o, no big deal ... but maybe I am the only one who uses sl ...
Fix up, trade sharp ...
  • #472,593
  • Dec 12, 2018 8:08am Dec 12, 2018 8:08am
Quoting Hickson
So quiet here ... yes, I shorted too and got s/o, no big deal ... but maybe I am the only one who uses sl ...
I m in the short from 2610s and this crap is starting to get on my nerves after 2 loses.. Hopefully it will go down where it started, there is nothing good for the GBP coming, only way is down down down ( with some up corrections of course)
  • #472,594
  • Dec 12, 2018 8:13am Dec 12, 2018 8:13am
i got handsome profit buying tis pair even some people told who buy cable is stupid yesterday....so mean
  • #472,595
  • Dec 12, 2018 8:35am Dec 12, 2018 8:35am
EUR/GBP monthly support at 89700, looks like it is heading that way, I guess in about 200 points we can see some move south..
  • #472,596
  • Dec 12, 2018 8:36am Dec 12, 2018 8:36am
Hello! Here is my latest chart on GBPUSD, have a look: GBPUSD December Outlook
Risk Management is of utmost importance!
  • #472,597
  • Dec 12, 2018 8:39am Dec 12, 2018 8:39am
this cable is strong as f*ck...
Do they now something that we dont and we are selling them all the orders the need to get filled for going up?...
  • #472,598
  • Dec 12, 2018 8:40am Dec 12, 2018 8:40am
Today is margin call day I guess ... I have no interest being involved ...
Fix up, trade sharp ...
  • #472,599
  • Dec 12, 2018 8:43am Dec 12, 2018 8:43am
Quoting witowito
this cable is strong as f*ck... Do they now something that we dont and we are selling them all the orders the need to get filled for going up?...
It's Short covering.
  • #472,600
  • Dec 12, 2018 8:45am Dec 12, 2018 8:45am
Quoting LouiseZA
{quote} Short covering.
and when they dump it, it will fall like 50 kg turd..
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