I'm riding this. Don't know how long it would go but I'm being courteous.{image}
Cable Update (GBPUSD)
- #506,282
- Dec 13, 2019 3:36am Dec 13, 2019 3:36am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
- #506,283
- Dec 13, 2019 3:38am Dec 13, 2019 3:38am
{quote} knkie, this market is crazy, I sold GU and GBPCAD from overnight (couldn't resist) and I'm up 300pips already. Closing it now and off to enjoy the weekend. Happy Friday all. Guz
- #506,284
- Dec 13, 2019 3:39am Dec 13, 2019 3:39am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #506,287
- Dec 13, 2019 3:43am Dec 13, 2019 3:43am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
2 daily zone, we bounced back inside
Lets see if we can reach the upper side and see what happens
Lets see if we can reach the upper side and see what happens
COT: The precious data ignored
{quote} Hi, I was watching your gap up. My H1 gap start from 1.3190 to 1.3379. In the daily chart starts from 1.32287 {image} {image}
Wanna succeed? Never Give Up.
- #506,291
- Dec 13, 2019 3:59am Dec 13, 2019 3:59am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
{quote} I can't explain that. Broker difference maybe. I also just noticed that my H1 candle before the gap up is bearish but yours is bullish.
- #506,294
- Dec 13, 2019 4:05am Dec 13, 2019 4:05am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
{quote} I can't explain that. Broker difference maybe. I also just noticed that my H1 candle before the gap up is bearish but yours is bullish.
It has to do with 5-day-week closes and 6-day-week closes.
Here is the article.
https://tinyurl.com/rrf2qh4
he gives examples of how it influences candles.
hope this is what you meant
in wondering about yourself, you forgot what you came here to be part of
- #506,295
- Dec 13, 2019 4:22am Dec 13, 2019 4:22am
- Joined Dec 2009 | Status: Nil Desperandum | 389 Posts
BREXT and the UK Election Here is a brief summary of the current state of the GBP/USD in relation to the Brexit saga. {image} A . Enthusiasm builds over PM May's deal pushing pound up to 1.44 - the same level the pound traded at prior to Brexit. B . Probability of May negotiating a successful deal fades. Pound then consolidates above previous lows at 1.27 to 1.33. C. Pound sinks following Boris Johnson (BOJO) taking office in July and claiming “Do or Die in a Ditch” he would exit without a deal if necessary. Only at this point does the pound decline...
Ok, following and BOJO's majority the £ rallied 300 pips. There is nothing to stop BOJO pushing through his deal and moving on to complete the Brexit process.
This is still the major market driver for the £ and a move up to challenge 1.37 to 1.44 is becoming a stronger possibility over the coming weeks / months.
Nil desperandum
- #506,296
- Dec 13, 2019 4:31am Dec 13, 2019 4:31am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
{quote} Nial Fuller once wrote about this. It has to do with 5-day-week closes and 6-day-week closes. Here is the article. https://tinyurl.com/rrf2qh4 he gives examples of how it influences candles. hope this is what you meant
Wanna succeed? Never Give Up.
- #506,299
- Dec 13, 2019 4:53am Dec 13, 2019 4:53am
{quote} Nial Fuller once wrote about this. It has to do with 5-day-week closes and 6-day-week closes. Here is the article. https://tinyurl.com/rrf2qh4 he gives examples of how it influences candles. hope this is what you meant
- #506,300
- Dec 13, 2019 4:57am Dec 13, 2019 4:57am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
