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Cable Update (GBPUSD)

  • #496,821
  • Oct 9, 2019 7:02am Oct 9, 2019 7:02am
Quoting knkie
{quote} i was kind of trolling a bit there mxt... My serous answer would be: I think the EU can not survive in the current form. By next year it is entirely possible that France has Le Pen who is anti-euro. Italy will drift further away. The east block are becoming super-right-states that dont believe in the EU principles. So if this is gonna break up, i wanna see a pilot case so we dont have to go thru the same thing when its time. The UK is doing europe an enormous favor by going out first.
i hear ya , but just do not think that the EU won 't survive , remember Greece

the EU is stronger than many people think , though granted , it 's far from perfect and full of flaws , but it will survive many more crisis to come
  • #496,822
  • Oct 9, 2019 7:03am Oct 9, 2019 7:03am
Quoting knkie
{quote} TA should be able to keep you out of trades as well. So in this case TA is helping me very much: im not trading this pair as it is right in the middle of the decision zone.
you got it right, its right in the eye of the Hurricane... it can spin out any time

If someone posts TA atm, I will throw up....its useless in a zone like this
  • #496,823
  • Oct 9, 2019 7:05am Oct 9, 2019 7:05am
Quoting MXT
{quote} i hear ya , but just do not think that the EU won 't survive , remember Greece EU is stronger than many people think , though granted , it 's far from perfect and full of flaws , but it will survive many more crisis to come
the economic union should and will survive.
If the EU persists in trying to dictate values to individual countries it will break up.
The power of national culture is enormous.


MY ideal situation is a North - South split,
The southern EU countries can create a Mediteranian currency together with north africa.
The Norther Eu countries can join scandanavia for a NEURO.
And NO: France does not qualify for the NEURO ! lol
in wondering about yourself, you forgot what you came here to be part of
  • #496,824
  • Oct 9, 2019 7:06am Oct 9, 2019 7:06am
Quoting RazorFitch
{quote}If someone posts TA atm, I will throw up....

LOL
in wondering about yourself, you forgot what you came here to be part of
  • #496,825
  • Oct 9, 2019 7:10am Oct 9, 2019 7:10am
GU will drift lower or dump outright until the next catalyst, which won't come until late next week.
(18th-19th). If you figure TA ain't working, maybe you need to zoom out to daily price chart.
Target for bears into this data is 1950-2000.

https://www.straitstimes.com/world/e...no-deal-source
  • #496,826
  • Oct 9, 2019 7:12am Oct 9, 2019 7:12am
Like I said "to be or not to be" , but that is my fibo target for this week
  • #496,827
  • Oct 9, 2019 7:12am Oct 9, 2019 7:12am
Quoting knkie
{quote} LOL
CAN THE BULLS DO IT AGAIN


Attached Image

Attached Image
  • #496,828
  • Oct 9, 2019 7:14am Oct 9, 2019 7:14am
November 2019 there's twice as many calls vs puts, which is odd, most times it's a fairly balanced market (options).
This somewhat hints at possible last minute changes (some sort of deal, extension, whatever).
  • #496,829
  • Oct 9, 2019 7:16am Oct 9, 2019 7:16am
35 bln USD @ 2950 // 35 bln USD @ 3200 // 38 bln USD @ 3300.
options expire first week of November.
  • #496,830
  • Oct 9, 2019 7:18am Oct 9, 2019 7:18am
Quoting Dingoman-two
{quote} CAN THE BULLS DO IT AGAIN {image} {image}
nice lol
in wondering about yourself, you forgot what you came here to be part of
  • #496,831
  • Oct 9, 2019 7:19am Oct 9, 2019 7:19am
Quoting asgcorp
November 2019 there's twice as many calls vs puts, which is odd, most times it's a fairly balanced market (options). This somewhat hints at possible last minute changes (some sort of deal, extension, whatever).
Or just hedging against possible deal,extension
  • #496,832
  • Oct 9, 2019 7:20am Oct 9, 2019 7:20am
if you can read the price chart and volume (not MT4), bulls died on H1 today.
  • #496,833
  • Oct 9, 2019 7:21am Oct 9, 2019 7:21am
Quoting gezis
{quote} Or just hedging against possible deal,extension
you really think that some sort of inter-bank player will go into 31st with a huge spot position?
This will be killed by the risk management platform, not going to happen.
  • #496,834
  • Oct 9, 2019 7:23am Oct 9, 2019 7:23am
Quoting asgcorp
{quote} you really think that some sort of inter-bank player will go into 31st with a huge spot position? This will be killed by the risk management platform, not going to happen.
what if the pope in rome decides that there are only 30 days in october ??
in wondering about yourself, you forgot what you came here to be part of
  • #496,835
  • Oct 9, 2019 7:24am Oct 9, 2019 7:24am
Quoting Neil0163
News is such bull I don't even waste my time with it price will go where it's intending to go news release or not, you look when news is released and price moves there's always a technical aspect as to why the market went there and how it got there whether that be fibbonaci ratios chart patterns retest of key areas. There's always a technical reason. You know why that is because news is used as an excuse for banks to fill there orders. Back test this you'll see it. Even when Brexit was first announced you can see the double top on the low timeframes...
I'm loving the fake news.
  • #496,836
  • Oct 9, 2019 7:26am Oct 9, 2019 7:26am
Quoting RazorFitch
{quote} you got it right, its right in the eye of the Hurricane... it can spin out any time If someone posts TA atm, I will throw up....its useless in a zone like this
Complete rubbish
  • #496,837
  • Oct 9, 2019 7:26am Oct 9, 2019 7:26am
Price still stucking upper support, that arrow is daily target. On higher TF I saw price need more power to going doing down. (Only my opinion)
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  • #496,838
  • Oct 9, 2019 7:30am Oct 9, 2019 7:30am
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  • #496,839
  • Oct 9, 2019 7:32am Oct 9, 2019 7:32am
I will stick to this H4 trade plan. with target for bear set @ 1950-2000 (Sept lows).

Having said that, there's some chance for an upside breakout, either way
you can play this via sell/buy stops and gain points.
If GU was to pop that high (2380-2400), it would be a great re-entry point for bears.

I personally prefer downside breakout, since we got 75-80% retail NET LONG,
but avg entry (long) is 2500, so a re-test of 2400 don't mean that 75-80% will get paid anything.
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  • #496,840
  • Oct 9, 2019 7:32am Oct 9, 2019 7:32am
Quoting knkie
im not touching this pair until clear direction is re-established. Right now its smack in the middle.
Yeah, it's in the good ol' squeeze atm
Looking for a H1 close, preferably at the low end of the wicks, or even better, surpassed them.
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