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Cable Update (GBPUSD)

  • #505,961
  • Dec 12, 2019 2:20am Dec 12, 2019 2:20am
Quoting knkie
{quote} ah the polls. Remember when the polls said clinton would win in a landslide ? lol And: polls can trigger a reaction, but price never lies. value is always stronger than news. You saw that happen: Price reacted to 1 poll, everyone went short, but then price showed its true value and continued upward.
Nope, there you are very wrong. Price went up yesterday because of dollar weakness, not pound strength.

Guz
Charts don't drive price, market conditions drive price...
  • #505,962
  • Dec 12, 2019 2:26am Dec 12, 2019 2:26am
Quoting Mrcl
Yow fellow Cablers ~ Any idea how the election day will end ? May be can someone from U.K. give me a number on the possibility, Like... 40% cons win, or 40% labour win, or 40% hung ~

Polls are useless, listen to the people, cons will win by a clear majority no doubt in my mind, Loony Labour has no place in modern Britain and Lib Dems have no respect for democracy.
Follow The Markets Structure - Patience and Discipline
  • #505,963
  • Dec 12, 2019 2:27am Dec 12, 2019 2:27am
https://www.tradingview.com/chart/GB...RAME-ANALYSIS/
  • #505,964
  • Dec 12, 2019 2:28am Dec 12, 2019 2:28am
Quoting Guztro
{quote} knkie, I wouldn't be so sure, the last poll suggests the Tories lead shrunk to just 5 points...it's closer than people think. I stick with my prediction of another hung parliament.
i do not know why anyone would listen to 'polls' after what happened in 2016.
the media is playing this imo.
But perhaps you are rigth.
we will see at about 1 am BST. Some labour strongholds that voted leave will be reporting around 1 am.
If that goes conservative then boris flipped strong labour seats.
If not it will be a long night for him.

thankfully we will all know whats what within 24 hours ! lol
in wondering about yourself, you forgot what you came here to be part of
  • #505,965
  • Dec 12, 2019 2:28am Dec 12, 2019 2:28am
I have a feeling this won't be Johnson's night, due to a record number of young voters...might be a black swan event for the pound.
Everyone can see the chart, but only a few can actually read it.
  • #505,966
  • Dec 12, 2019 2:29am Dec 12, 2019 2:29am
Quoting Guztro
{quote} Nope, there you are very wrong. Price went up yesterday because of dollar weakness, not pound strength. Guz
it went up.
when everyone went down.

i dont think im wrong.
but if its important to you to be right please be
in wondering about yourself, you forgot what you came here to be part of
  • #505,967
  • Dec 12, 2019 2:32am Dec 12, 2019 2:32am
1.32 is acting like support now, lets see
  • #505,968
  • Dec 12, 2019 2:36am Dec 12, 2019 2:36am
the big dumb is coming soon soon be ready guys we in final stages of wave 5 of 3

drop should be at least 200pips and more
Attached Image (click to enlarge)
Click to Enlarge Name: gutwa.jpg Size: 147 KB
  • #505,969
  • Dec 12, 2019 2:36am Dec 12, 2019 2:36am
Quoting OnlineAddict
I have a feeling this won't be Johnson's night, due to a record number of young voters...might be a black swan event for the pound.
Probably hung parliament. But who knows
Pip Goes The Weasel
  • #505,970
  • Dec 12, 2019 2:37am Dec 12, 2019 2:37am
Quoting knkie
{quote} it went up. when everyone went down. i dont think im wrong. but if its important to you to be right please be
Ask yourself, why did it go up? It had allot of help from the US Fed holding interest rates, that's why. As I said previously, the UK economy is in a bad state, a contracting economy for the past 3 months, Boris is keeping the pound in play...that's all.

Guz
Charts don't drive price, market conditions drive price...
  • #505,971
  • Dec 12, 2019 2:45am Dec 12, 2019 2:45am
Quoting Guztro
{quote} Ask yourself, why did it go up? It had allot of help from the US Fed holding interest rates, that's why. As I said previously, the UK economy is in a bad state, a contracting economy for the past 3 months, Boris is keeping the pound in play...that's all. Guz
im sure you are right Guztro...really.

I dont trade news at all. I only look at the chart.
If price goes up i buy, and that could be because of many things.
But my only interest its that its going up.
in wondering about yourself, you forgot what you came here to be part of
  • #505,972
  • Dec 12, 2019 2:46am Dec 12, 2019 2:46am
I think this market is due for a major correction before going up.
Don't be surprised if some dickwad journalist tweets that it will be a hung parliament and then a later retraction after the elections.
I'm net long until 1.3280 (with TP at 1.32 of course) and then will wait until they announce the results at 0200 UK....let the PA determine what my next positions will be.
Lost....
  • #505,973
  • Dec 12, 2019 2:49am Dec 12, 2019 2:49am
Quoting knkie
{quote} im sure you are right Guztro...really. I dont trade news at all. I only look at the chart. If price goes up i buy, and that could be because of many things. But my only interest its that its going up.
I like a good conversation and diversified views knkie, as I said before, there are literally thousands of strategies out there, as long as you are making money, that is all that counts.

Guz
Charts don't drive price, market conditions drive price...
  • #505,974
  • Dec 12, 2019 2:58am Dec 12, 2019 2:58am
Quoting Guztro
{quote} I like a good conversation and diversified views knkie, as I said before, there are literally thousands of strategies out there, as long as you are making money, that is all that counts. Guz
absolutely Guz !
in wondering about yourself, you forgot what you came here to be part of
  • #505,975
  • Dec 12, 2019 3:01am Dec 12, 2019 3:01am
Quoting msniper
the big dumb is coming soon soon be ready guys we in final stages of wave 5 of 3 drop should be at least 200pips and more {image}
Trend change happens on break of wave iv for me which is quite a distance... then again also need to consider rip higher with every headline.
Need GBPAUD, GBPNZD to fall for GBPUSD to fall considering AUD, NZD are strong.
  • #505,976
  • Dec 12, 2019 3:19am Dec 12, 2019 3:19am
Quoting knkie
im in. Buy 3221 for 15 pips
exit -10
could be a reversal south or H4 is finding a floor.

Sidelines for now
in wondering about yourself, you forgot what you came here to be part of
  • #505,977
  • Dec 12, 2019 3:19am Dec 12, 2019 3:19am
While it may be good to know 'why it is going up', it is better to understand the price action i.e. what is happening on the charts. The former situation happens after the fact and not helpful to the trade. Nevertheless, an important combination is to know 'why it could go up' (fundamentals) and what the chart is showing you (technicals). When both are in alignment, a trade setup is likely to be more feasible in its outcome.

Trade safe.

KP

Quoting Guztro
{quote} Ask yourself, why did it go up? It had allot of help from the US Fed holding interest rates, that's why. As I said previously, the UK economy is in a bad state, a contracting economy for the past 3 months, Boris is keeping the pound in play...that's all. Guz
Do your homework, follow the footprints of smart money
  • #505,978
  • Dec 12, 2019 3:22am Dec 12, 2019 3:22am
Attachment g
yes yes yes
  • #505,979
  • Dec 12, 2019 3:23am Dec 12, 2019 3:23am
Quoting KeenPips
While it may be good to know 'why it is going up', it is better to understand the price action i.e. what is happening on the charts. The former situation happens after the fact and not helpful to the trade. Nevertheless, an important combination is to know 'why it could go up' (fundamentals) and what the chart is showing you (technicals). When both are in alignment, a trade setup is likely to be more feasible in its outcome. Trade safe. KP {quote}
I agree, that's why a healthy balance between technical and fundamentals works for me.

Guz
Charts don't drive price, market conditions drive price...
  • #505,980
  • Dec 12, 2019 3:27am Dec 12, 2019 3:27am
press is reporting longest voting lines ever.
no matter what happens at least people are voting !
https://twitter.com/hashtag/GeneralE...n2019?src=hash
in wondering about yourself, you forgot what you came here to be part of
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