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Cable Update (GBPUSD)

  • #499,661
  • Oct 20, 2019 8:08am Oct 20, 2019 8:08am
If you can't see the SNP 's position of we voted remain and want to scupper the referendum all together as wrong ,I don't know what to say ..
In that case ,cut Scotland out=then the leave vote was super clear
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #499,662
  • Oct 20, 2019 8:16am Oct 20, 2019 8:16am
Anyone else seeing a stronger dollar this week? Had a quick look at the major pairs, most of the levels suggests a stronger dollar.
Charts don't drive price, market conditions drive price...
  • #499,663
  • Oct 20, 2019 8:20am Oct 20, 2019 8:20am
Im going to start talking about my area which takes the brunt of migration ,not Scotland
no one goes there ,even the Scots leave
So Im forgetting about the entire Union just like Scotland
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #499,664
  • Edited 8:34am Oct 20, 2019 8:22am | Edited 8:34am
MA200 daily can be support. if trend daily changed this is support-minimal target now weekly-30545,maximal-32714 weekly has space to go up by indicator.channel weekly 33150 normally it always touches. after i dont know correction.weekly was down like wave channel,now its flat since 2018-was down.indicator about 72 can be about 96-100,after some corrective move should be if it go up
  • #499,665
  • Oct 20, 2019 8:32am Oct 20, 2019 8:32am
Gbp daily including Saturday Sunday.
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Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #499,666
  • Oct 20, 2019 8:34am Oct 20, 2019 8:34am
Quoting Marcieny
{quote} good ... I'm happy for you.

Actually I'm a little jealous that you have achieved a more accurate analysis ... I am -22% due to sales ...
Let us be green
  • #499,667
  • Oct 20, 2019 8:36am Oct 20, 2019 8:36am
low weekly gb-was 5.62 by indicator.
  • #499,668
  • Oct 20, 2019 8:38am Oct 20, 2019 8:38am
This week I just watch pound pairs ....I will be in commodities... the only pair maybe I enter is gbp/aud.
  • #499,669
  • Oct 20, 2019 8:42am Oct 20, 2019 8:42am
Quoting leafarct
{quote} Actually I'm a little jealous that you have achieved a more accurate analysis ... I am -22% due to sales ...
eu sinto que eu deveria operar o BRa50 vejo que nossos amigos brasileiros estão amando lá.
  • #499,670
  • Oct 20, 2019 8:50am Oct 20, 2019 8:50am
Quoting HaLBot
And now for something completed different.... Any comments suggestions would be welcome, just don't call me a noobie... {image}
HaLBot, you are getting there..., just kidding, awesome.
Always trade your own plan...I don't provide trading signals.
  • #499,671
  • Oct 20, 2019 9:04am Oct 20, 2019 9:04am
Quoting Guztro
Anyone else seeing a stronger dollar this week? Had a quick look at the major pairs, most of the levels suggests a stronger dollar.
Guztro, I have 2 zones for DX I will watch this week closely...but GU doesn't hold too much weight in DX index (only about 12%) so my decisions when I trade GU are not tight to DX index movement.
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Always trade your own plan...I don't provide trading signals.
  • #499,672
  • Oct 20, 2019 9:20am Oct 20, 2019 9:20am
Quoting Marcieny
{quote} eu sinto que eu deveria operar o BRa50 vejo que nossos amigos brasileiros estão amando lá.
Let us be green
  • #499,673
  • Oct 20, 2019 10:08am Oct 20, 2019 10:08am
Quoting sgkrishn
Gbp daily including Saturday Sunday. {image}

I am skeptical about trusting IG price movement, it feels like the price moves are just based on trades done in their weekend market, but does not reflect interbank transactions and all that which cause the gaps during the weekend.
  • #499,674
  • Oct 20, 2019 10:18am Oct 20, 2019 10:18am
Quoting chasinpips
{quote} I am skeptical about trusting IG price movement, it feels like the price moves are just based on trades done in their weekend market, but does not reflect interbank transactions and all that which cause the gaps during the weekend.
Yes, of course it is. IG prices are only internal trading of IG traders. But it's better than nothing and we can see a small example of the mosaic of the whole market. However, the real gap will be negative or almost zero, which is almost certain.
  • #499,675
  • Oct 20, 2019 10:29am Oct 20, 2019 10:29am
Quoting ladislavczec
{quote} Yes, of course it is. IG prices are only internal trading of IG traders. But it's better than nothing and we can see a small example of the mosaic of the whole market. However, the real gap will be negative or almost zero, which is almost certain.
I doubt there will be no gap, markets rallied at the end of the week with expectations of a deal being voted through on Saturday. What the market got is more uncertainty and risk with whether deal would pass or not, and whether there will be another extension and more waste of time with Brexit. After such a steep rally a gap/ move down to 1.275 levels wouldn't surprise me at all on Monday.
  • #499,676
  • Oct 20, 2019 10:30am Oct 20, 2019 10:30am
Quoting Guztro
Anyone else seeing a stronger dollar this week? Had a quick look at the major pairs, most of the levels suggests a stronger dollar.
Was reading somewhere overall long positions for USD was bumped up another 2billion total, putting it at low 20billion in long positions.

Not sure if that's fully relevant.
  • #499,677
  • Oct 20, 2019 10:38am Oct 20, 2019 10:38am
Quoting Ra.
{quote} Was reading somewhere overall long positions for USD was bumped up another 2billion total, putting it at low 20billion in long positions. Not sure if that's fully relevant.
Hedge funds long/short exposure in DX this week decreased by 4600 contracts//2266 contracts. So it didn't get any bump this week.
  • #499,678
  • Oct 20, 2019 10:42am Oct 20, 2019 10:42am
A extension is bullish
Eu most probably would accept and extension so long as we have a election ,which is also bullish
That deal won't be voted on until there's an extension

anther note
I trade with IG and have never experienced any problem
I trust the feed which comes from IT finance

Quoting chasinpips
{quote} I doubt there will be no gap, markets rallied at the end of the week with expectations of a deal being voted through on Saturday. What the market got is more uncertainty and risk with whether deal would pass or not, and whether there will be another extension and more waste of time with Brexit. After such a steep rally a gap/ move down to 1.275 levels wouldn't surprise me at all on Monday.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #499,679
  • Oct 20, 2019 10:43am Oct 20, 2019 10:43am
Still think we'll go up to 1.3200 before seeing a reversal shortly after... the sonar line shows a huge drop too, so might happen.
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  • #499,680
  • Oct 20, 2019 10:43am Oct 20, 2019 10:43am
Quoting chasinpips
{quote} I am skeptical about trusting IG price movement, it feels like the price moves are just based on trades done in their weekend market, but does not reflect interbank transactions and all that which cause the gaps during the weekend.
55% of client accounts were short before Saturday vote and now 56% of client accounts are long

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