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Cable Update (GBPUSD)

  • #489,381
  • Aug 14, 2019 9:01am Aug 14, 2019 9:01am
Quoting john-smith
{quote} are you adding longs to your already open ones that are loosing?
god no lol only one loss today
gotta keep up man.

im doing wonderful on gu.
+24
+8
+18
-10

now an open long from 2063
and a pending @ 2075
in wondering about yourself, you forgot what you came here to be part of
  • #489,382
  • Aug 14, 2019 9:03am Aug 14, 2019 9:03am
Quoting Ill-b-back
{quote} No, you're pretty much going with the majority. https://www.forexfactory.com/trades....ions-details=1
i meant on this thread.
i saw a number af great traders going short so i was a bit nervous going against that....
in wondering about yourself, you forgot what you came here to be part of
  • #489,383
  • Aug 14, 2019 9:09am Aug 14, 2019 9:09am
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-08-14 17.08.16_1.jpg Size: 107 KB
yes yes yes
  • #489,384
  • Aug 14, 2019 9:15am Aug 14, 2019 9:15am
h1-gbpusd
if-break-support
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD - Alternate test2 - Aug-14 1843 PM (1 hour).png Size: 47 KB
  • #489,385
  • Aug 14, 2019 9:17am Aug 14, 2019 9:17am
Quoting knkie
{quote} god no lol only one loss today gotta keep up man. im doing wonderful on gu. +24 +8 +18 -10 now an open long from 2063 and a pending @ 2075
congrats to you then! hope it continues in the future
defeat can still be profitable
  • #489,386
  • Aug 14, 2019 9:23am Aug 14, 2019 9:23am
What is the fundamental reason to down GBP ?
  • #489,387
  • Aug 14, 2019 10:23am Aug 14, 2019 10:23am
Quoting Never
What is the fundamental reason to down GBP ?
GU ain't driven by fundies. EU dump, DXY strength, equities sold off in US, yield curve inversion, currency wars.
I've posted a warning about EURUSD today, this is just the beginning though, EU will drag the pound down with it.
  • #489,388
  • Aug 14, 2019 10:27am Aug 14, 2019 10:27am
GU remains strong today, but it will give in to the selling pressure soon.
So expect a big dump Thursday into Friday.
Cable always gets dumped into weekend.
  • #489,389
  • Aug 14, 2019 10:36am Aug 14, 2019 10:36am
Quoting coderr
h1-gbpusd if-break-support {image}
Long
sl:1.20440
  • #489,390
  • Aug 14, 2019 10:53am Aug 14, 2019 10:53am
GBP sold 1.2065
TP 1.1965
Attached Image (click to enlarge)
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Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #489,391
  • Aug 14, 2019 12:10pm Aug 14, 2019 12:10pm
Quoting asgcorp
GU remains strong today, but it will give in to the selling pressure soon. So expect a big dump Thursday into Friday. Cable always gets dumped into weekend.
Couldn't agree more, if it would not go down in next two days, it might suggest that bottom has been established for short term around 1.2018 area
sell strength in falling markets, and buy weakness in rising markets.
  • #489,392
  • Aug 14, 2019 12:11pm Aug 14, 2019 12:11pm
Quoting Never
What is the fundamental reason to down GBP ?
Looming threat of no deal brexit
sell strength in falling markets, and buy weakness in rising markets.
  • #489,393
  • Aug 14, 2019 12:16pm Aug 14, 2019 12:16pm
got time to check usdx , now actively looking bo usdx for big crash , smaller tf as start & others as per, breaks down 97.69/63 . Lets see .
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #489,394
  • Aug 14, 2019 12:18pm Aug 14, 2019 12:18pm
Quoting htcone
{quote} Looming threat of no deal brexit
Market already considers no-deal brexit a sure thing, its priced in at 1.20. The only news that can happen at this point are positive news...all the negative has been dumped on the pound already.
Everyone can see the chart, but only a few can actually read it.
  • #489,395
  • Aug 14, 2019 12:24pm Aug 14, 2019 12:24pm
Quoting OnlineAddict
{quote} Market already considers no-deal brexit a sure thing, its priced in at 1.20. The only news that can happen at this point are positive news...all the negative has been dumped on the pound already.
I see you make wild assumptions and predictions without anything to backup...

https://www.poundsterlinglive.com/gb...deal-still-low
sell strength in falling markets, and buy weakness in rising markets.
  • #489,396
  • Aug 14, 2019 12:29pm Aug 14, 2019 12:29pm
Quoting htcone
{quote} I see you make wild assumptions and predictions without anything to backup... https://www.poundsterlinglive.com/gb...deal-still-low
Didn't you just do the same? Isn't that what we all do here? What would be the point of the forum otherwise?
Everyone can see the chart, but only a few can actually read it.
  • #489,397
  • Aug 14, 2019 12:42pm Aug 14, 2019 12:42pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #489,398
  • Aug 14, 2019 1:27pm Aug 14, 2019 1:27pm
GBPUSD has a bearish bias and definitely price will go under 1.2000 on long term view
It is all about the foreign exchange market.
  • #489,399
  • Aug 14, 2019 1:37pm Aug 14, 2019 1:37pm
Quoting htcone
{quote} I see you make wild assumptions and predictions without anything to backup... https://www.poundsterlinglive.com/gb...deal-still-low
is he the author of that article ?
  • #489,400
  • Aug 14, 2019 1:42pm Aug 14, 2019 1:42pm
GBP/USD has reversed early NorAm strength, dropping from Wednesday's high 1.2101 to hover near flat at 1.2065, as the inversion of the 2/10 Gilts spread GB2GB10=TWEB heightens expectations that the BoE will have to ease policy, especially as Brexit uncertainties linger.
The U.S. curve inversion created a splash , but the dollar's safe haven status has facilitated a dollar recovery .
The pound benefits from no such status.

While the BoE is loath to cut rates in the face of mounting Brexit and political uncertainties for fear of a disorderly move lower in GBP/USD, rate futures across the developed markets are pricing in enhanced accommodation.
Data BOEWATCH on Eikon shows a 37% chance for a hike at the Sept.
19 meeting and a 60% chance for a hike in December.

Support for the pound at the Aug.12 low by 1.2015 has held, protecting suspected option interest at 1.2000 and the January 2017 low at 1.1983.
Should dovish BoE sentiment pick up ahead of the November meeting support near 1.2000 is likely to give way, and a run toward the October 2016 low at 1.1491 appears likely.
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