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Cable Update (GBPUSD)

  • #507,101
  • Dec 23, 2019 8:16am Dec 23, 2019 8:16am
Quoting FloatingCha
{quote} monthly pinbar ...... only can say "RIP"
No way...it looked like a RIP for bears after the spike above 3500, so even it it goes below 2500 now, it won't mean anything. Why don't people learn from how quickly the market can turn is beyond me...it goes up, they think it will go up forever, it goes down, they only see it going down. Its always the same...been watching this behaviour for 10+ years and still can't figure it out.
Everyone can see the chart, but only a few can actually read it.
  • #507,102
  • Dec 23, 2019 8:24am Dec 23, 2019 8:24am
Quoting OnlineAddict
{quote} No way...it looked like a RIP for bears after the spike above 3500, so even it it goes below 2500 now, it won't mean anything. Why don't people learn from how quickly the market can turn is beyond me...it goes up, they think it will go up forever, it goes down, they only see it going down. Its always the same...been watching this behaviour for 10+ years and still can't figure it out.
Well said.
  • #507,103
  • Dec 23, 2019 8:26am Dec 23, 2019 8:26am
End Of Year Queens Humping By Me. Woof I Enjoyed It. This Was On 4 Accounts.

You Want To Know More You Can Private Message Me And I Will Give You A Deal. Join Me.
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  • #507,104
  • Dec 23, 2019 8:26am Dec 23, 2019 8:26am
Quoting OnlineAddict
{quote} No way...it looked like a RIP for bears after the spike above 3500, so even it it goes below 2500 now, it won't mean anything. Why don't people learn from how quickly the market can turn is beyond me...it goes up, they think it will go up forever, it goes down, they only see it going down. Its always the same...been watching this behaviour for 10+ years and still can't figure it out.
so if you think about to mention "GBP" in short way(10+ years watching) .... then what it is ?
  • #507,105
  • Dec 23, 2019 8:39am Dec 23, 2019 8:39am
Quoting Not-KPMG
{quote} Ohhhh people ask what's the forth mistake ???

the 'forth' mistake is not spelling 'fourth' correctly


jk

merry christmas all
im not trading till new years.
in wondering about yourself, you forgot what you came here to be part of
  • #507,106
  • Dec 23, 2019 8:40am Dec 23, 2019 8:40am
Quoting FloatingCha
{quote} so if you think about to mention "GBP" in short way(10+ years watching) .... then what it is ?
Sorry, I didn't understand this question.
Everyone can see the chart, but only a few can actually read it.
  • #507,107
  • Dec 23, 2019 8:44am Dec 23, 2019 8:44am
Quoting Not-KPMG
{quote} Buddy Shame on you - in three sentences you made 4 mistakes. Must be my record to spot 1st im not attacking traders . I'm attacking A TRADER. For all rest i have kind advice . 2. i didn't say 1.20 i say entry is important 3. What pound is doing is obvious for 2-3-5 people here. Alas not you. Peace and read. . . .. ... Ohhhh people ask what's the forth mistake ??? It's his name . Give a what ??? Not A chance ,just sanctimonious blab....
relax dont need to overeact. you can get me out of here. pls do but that will not bring GBP down. i was just seeing your repeated posts of attacking long GBP guys. that is why i commented. surely they are burnt today but in this illiquid markets anyone with a firm logic can get burned. i still remember dec 2014 when euro went up 200 pips in 1 hr only to fall 160 pips in 3 hrs. so crazy movements like today do happen
  • #507,108
  • Dec 23, 2019 8:45am Dec 23, 2019 8:45am
Quoting OnlineAddict
{quote} No way...it looked like a RIP for bears after the spike above 3500, so even it it goes below 2500 now, it won't mean anything. Why don't people learn from how quickly the market can turn is beyond me...it goes up, they think it will go up forever, it goes down, they only see it going down. Its always the same...been watching this behaviour for 10+ years and still can't figure it out.
I think it depends very much of your style of trading and what TF you look at.
For me this is just a perfect time to buy the deeps of the GBP and accumulate , but guess it depends very much on how big your account is and what can you suport to go negative and for how much time.

But most important is if your style makes money or not and not trying to predict the market

Just my opinion
  • #507,109
  • Dec 23, 2019 8:46am Dec 23, 2019 8:46am
Quoting OnlineAddict
{quote} Sorry, I didn't understand this question.
nvm ,
  • #507,110
  • Dec 23, 2019 8:47am Dec 23, 2019 8:47am
Quoting andy_wpo
{quote} I think it depends very much of your style of trading and what TF you look at. For me this is just a perfect time to buy the deeps of the GBP and accumulate , but guess it depends very much on how big your account is and what can you suport to go negative and for how much time. But most important is if your style makes money or not and not trying to predict the market Just my opinion
good opinion ..
  • #507,111
  • Dec 23, 2019 8:54am Dec 23, 2019 8:54am
Quoting andy_wpo
{quote} I think it depends very much of your style of trading and what TF you look at. For me this is just a perfect time to buy the deeps of the GBP and accumulate , but guess it depends very much on how big your account is and what can you suport to go negative and for how much time. But most important is if your style makes money or not and not trying to predict the market Just my opinion

If FED's rate was 0% and the swaps on EU and GU longs weren't so horrible, or were even positive, I would agree with you...GU is a long term buy...but I wouldn't buy below 1.30, I'll rather wait for below 1.25, as I think there is unfinished business around 2380. So I would hate to collect negative swaps for weeks or months to come.
Everyone can see the chart, but only a few can actually read it.
  • #507,112
  • Dec 23, 2019 8:54am Dec 23, 2019 8:54am
If it's down trend confirmation there is 2800 one support
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  • #507,113
  • Dec 23, 2019 9:13am Dec 23, 2019 9:13am
Quoting Arturke
{quote} one level reach, next step is second level, thinking it will go north untill 1.29439
second level reach very nicely 1.29439, well thinking about third level which is 1.29768
could be wrong of course
,trade safe
  • #507,114
  • Edited 9:26am Dec 23, 2019 9:14am | Edited 9:26am
it test perfect level for now & so waiting next action before next tanking to 2767, 3003 test to see if breaks up with 1 probable intermediare bottom making if possible !! signal for correction up goes to 3031 a and 3078 breaks for minimum 3133 + while very initial signals at limits goes 2965 and 77.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #507,115
  • Dec 23, 2019 9:15am Dec 23, 2019 9:15am
Quoting Arturke
{quote} second level reach very nicely 1.29439, well thinking about third level which is 1.29768
If all goes nicely...1.3035 & 1.3095
COT: The precious data ignored
  • #507,116
  • Dec 23, 2019 9:16am Dec 23, 2019 9:16am
Quoting kuroro001
{quote} If all goes nicely...1.3035 & 1.3095
will see bro, nice and steady
  • #507,117
  • Dec 23, 2019 9:23am Dec 23, 2019 9:23am
Quoting Arturke
{quote} its pure technical analysis and bad news from canada gdp, here a reason for you
i got it now .... thank you
  • #507,118
  • Dec 23, 2019 9:36am Dec 23, 2019 9:36am
Quoting Arturke
{quote} its pure technical analysis and bad news from canada gdp, here a reason for you
Lets see if Canado goes into recession in a few months
COT: The precious data ignored
  • #507,119
  • Dec 23, 2019 9:39am Dec 23, 2019 9:39am
Quoting kuroro001
{quote} Lets see if Canado goes into recession in a few months
according bank of england stress result they can hold deep down recession
  • #507,120
  • Dec 23, 2019 9:47am Dec 23, 2019 9:47am
Quoting Arturke
{quote} according bank of england stress result they can hold deep down recession
More cash printing...it won't save the world, but if they do believe banks is the heart of all, we'll see
COT: The precious data ignored
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