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Cable Update (GBPUSD)

  • #500,281
  • Oct 22, 2019 8:55am Oct 22, 2019 8:55am
Are you ready?
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yes yes yes
  • #500,282
  • Oct 22, 2019 8:55am Oct 22, 2019 8:55am
Quoting msniper
{quote} at which price u shorted GBP ? and what is your stop loss ?

Stop loss 5000 pips lol .. when gbp is 2 roby will still be saying 1.2
Blogging daily now at www.volume.zone
  • #500,283
  • Oct 22, 2019 8:56am Oct 22, 2019 8:56am
Quoting DSilvers
{quote} Or are you falling for the stop hunt from a dumb speculative tweet? we will see
what tweet?
i dont read twitter
its a cess pool.

And i dont trade news either.

H4 is just making a HL wave in the Day trend
in wondering about yourself, you forgot what you came here to be part of
  • #500,284
  • Oct 22, 2019 8:57am Oct 22, 2019 8:57am
Two hours until the vote
The big Brexit bill will come to a vote at about 6:30 pm in London, that's 1730 GMT.

There is a growing sense that parliament is ready to get-on with Brexit. The main fight right now is whether to slow down the process but Boris Johnson is threatening an election.

There is now talk that Johnson is ready to accept a ten-day Brexit delay.



This has added a further bid to cable because a 10-day delay would help to get more MPs on board and potentially get it across the finish line.

Cable has now erased its decline and is flat on the day at 1.2955, up from 1.2900 just 25 minutes ago.
Attached Image
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #500,285
  • Oct 22, 2019 8:57am Oct 22, 2019 8:57am
Quoting asgcorp
Roby talks a lot, that's for sure. Gold is bullish according to this con-artist. However, on weekly gold is topped out. ))) Gold will not go UP when Fed is lowering interest rates. Last time I checked gold could only shine bright in an inflationary environment. {image}
for the next 10 days GOLD is bullish ... check the US Indices + WTI loosing weight minute by minute ...there is no escape...after 5 days accumulation will be an epic showtime.., most of you are trapped above 1.28 on the cable and you are short @1485-1490 on GOLD ...just be here when all the fog will clear up...
  • #500,286
  • Oct 22, 2019 8:58am Oct 22, 2019 8:58am
BUY 2947
in wondering about yourself, you forgot what you came here to be part of
  • #500,287
  • Oct 22, 2019 8:59am Oct 22, 2019 8:59am
Quoting malcolmb14
{quote} Stop loss 5000 pips lol .. when gbp is 2 roby will still be saying 1.2
he ain't got no stop loss, cause his ain't an ordinary trader, ok?
Trading 7 figures + he also hedges his exposure via options on the inter-bank market.
  • #500,288
  • Oct 22, 2019 9:01am Oct 22, 2019 9:01am
Quoting Moty
Are you ready? {image} {image}
i can show you many fake HS patterns on your chart..
  • #500,289
  • Oct 22, 2019 9:02am Oct 22, 2019 9:02am
Quoting knkie
BUY 2947
1.20 SL bo$$???
  • #500,290
  • Oct 22, 2019 9:05am Oct 22, 2019 9:05am
Quoting asgcorp
{quote} he ain't got no stop loss, cause his ain't an ordinary trader, ok? Trading 7 figures + he also hedges his exposure via options on the inter-bank market.
Buffet was the last using a tight one...i forgot , he was heavy leveraged too ...
  • #500,291
  • Oct 22, 2019 9:06am Oct 22, 2019 9:06am
Quoting thevisitor
{quote} thats why: {image}
my entry @ "e" 1.2911
  • #500,292
  • Oct 22, 2019 9:08am Oct 22, 2019 9:08am
Quoting RobyTurboSS
I don't need an SL ... don't know any investment banks using one I use multiple entries 10-20, to get an avg entry price ... am not a high leveraged gambler ... my avg in this moment raised to 1.27250 after using last ammo...not so good , but my patience will pay ... am targeting 1.20-- ... Divide To Conquer...
I am not against being short or long both can be in profit and correct

I just saw u suddenly writing in every single page today like u have soo much confident in ur trade. so since ur super confident about the drop what would be ur stop loss so we know if u fail or not

if price reach 1.31 to 1.32 you will stop loss or not ?

and about ur target 1.20 if we go there it will not stop there It will continue down to 1.16
  • #500,293
  • Oct 22, 2019 9:13am Oct 22, 2019 9:13am
Quoting msniper
{quote} I am not against being short or long both can be in profit and correct I just saw u suddenly writing in every single page today like u have soo much confident in ur trade. so since ur super confident about the drop what would be ur stop loss so we know if u fail or not if price reach 1.31 to 1.32 you will stop loss or not ? and about ur target 1.20 if we go there it will not stop there It will continue down to 1.16
i trade 48 instruments low leveraged portfolio ... do you think i do care for 250 pips draw on GBPUSD which buy the way is less than 2% draw?? My trading is not driven by fear as the SL losers...
  • #500,294
  • Oct 22, 2019 9:15am Oct 22, 2019 9:15am
Whats going to happen Any guesses pls

1) Vote passes, program motion fails – GBP/USD set to advance
As mentioned earlier, the PM has probably managed to convince just enough MPs to support the deal. The rejection of the Democratic Unionist Party (DUP) has failed to sway hardline Conservative Brexiteers to object the accord. Most of them – including the "Spartans" – have come around. On the other wing of the party, "rebel" members who worked to prevent a no-deal Brexit, are also supportive. A handful of Labour MPs that represent constituencies that voted Leave are also on board.
Nevertheless, an affirmative vote is far from being guaranteed. If it passes, the pound is set to advance. However, MPs will likely prefer scrutinizing the deal and not be rushed over. The motion program may fail.
This scenario has a high probability and will likely lead to gains in GBP/USD. It will provide some certainty that the House of Commons is ready to vote for Johnson's Brexit deal. While hurdles remain and the UK will leave after the deadline, it provides clarity.

2) Instant fail – Pound plunges
In this scenario, pro-Remain MPs and several extreme hardliners will cobble up a majority to reject Johnson's deal – just like they did to his predecessor Thresa May. The magic number of 320 MPs in favor may not be reached.
The PM will likely call for new elections to break the deadlock. With his extension letter in the EU's mailbox, the opposition may come around to backing an election, which may occur in early December. Leaders will then convene to accept a three-month delay in Brexit until January 2020. There will be no need for the second vote.
In this case, which has a low probability, GBP/USD may tumble down. Markets see a higher chance of the first vote passing.

3) Double pass – GBP/USD storms higher
In this scenario, Johnson's rallying cry of "Get Brexit Done" wins enough support to ram through legislation as fast as possible. It will raise the level of certainty that the UK leaves on October 31 and relieves Brussels of the need to approve an extension.
MPs will still debate and suggest amendments to the bill, but it will have enough momentum, and markets will likely cheer the higher level of certainty.
In this scenario, which has medium probability, GBP/USD is set to rally.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #500,295
  • Oct 22, 2019 9:15am Oct 22, 2019 9:15am
Quoting knkie
{quote} LOL he already failed he sold cable at the bottom 600 pips ago even if price fell now he would still be wrong cause he called a flash crash last week. Oil was supposed to crash firday gold was supposed to rally if its cocky to have my feet in reality then so be it...
but there is no need to stick to his lvl
  • #500,296
  • Oct 22, 2019 9:20am Oct 22, 2019 9:20am
Quoting gezis
{quote} but there is no need to stick to his lvl
sure, that sounds like you are trying to pass some European values right there.
if they hit you hard, just drop the ball and run away.
  • #500,297
  • Oct 22, 2019 9:21am Oct 22, 2019 9:21am
i believe 1.2800 must be seen today on which GU will take decision whether to continue down or bounce back to 1.30 - 1.3050 area then collapse all way down to 1.23 area
  • #500,298
  • Oct 22, 2019 9:21am Oct 22, 2019 9:21am
Quoting RobyTurboSS
{quote} 1.20 SL bo$$???
aha i knew you were secretly peaking at my posts !
lol
i was on your ignore list !
peeping roby....
in wondering about yourself, you forgot what you came here to be part of
  • #500,299
  • Oct 22, 2019 9:22am Oct 22, 2019 9:22am
Quoting gezis
{quote} but there is no need to stick to his lvl
it is important to point out charlatans on this site because lots of newbies fall for the fake cycle science talk.
in wondering about yourself, you forgot what you came here to be part of
  • #500,300
  • Oct 22, 2019 9:29am Oct 22, 2019 9:29am
Quoting knkie
{quote} it is important to point out charlatans on this site because lots of newbies fall for the fake cycle science talk.
i'm just saying keep it casual civilised, that's all
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