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Cable Update (GBPUSD)

  • #509,681
  • Jan 24, 2020 7:15am Jan 24, 2020 7:15am
Quoting krst8
For market sentiment, you have any good input data besides IG and oanda?
The best info you get here on the forum...when "everyone" is long and confident, you know its time to look into shorts...and the other way around.
Everyone can see the chart, but only a few can actually read it.
  • #509,682
  • Jan 24, 2020 7:15am Jan 24, 2020 7:15am
switched to short
Attached Image(s) (click to enlarge)
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yes yes yes
  • #509,683
  • Jan 24, 2020 7:16am Jan 24, 2020 7:16am
Quoting hesron
is it true or not .... brexit will coming soon in the end january https://www.msn.com/en-gb/news/brexi...sRB?li=BBoPWjQ {image}
Well, thats old news...next week will be the last of UK in the EU. We know that since the UK election.
Everyone can see the chart, but only a few can actually read it.
  • #509,684
  • Jan 24, 2020 7:21am Jan 24, 2020 7:21am
Quoting OnlineAddict
{quote} Well, thats old news...next week will be the last of UK in the EU. We know that since the UK election.
thank your for the info ... the end of the people's voice is the voice of God in a democratic country
The Average Discount Everything
  • #509,685
  • Jan 24, 2020 7:21am Jan 24, 2020 7:21am
Quoting OnlineAddict
{quote} The best info you get here on the forum...when "everyone" is long and confident, you know its time to look into shorts...and the other way around.
hehe, maybe true but a “mean” sentiment:-)
  • #509,686
  • Jan 24, 2020 7:27am Jan 24, 2020 7:27am
Enjoy the ride


086 up to 122 then a drop to 050
Follow The Markets Structure - Patience and Discipline
  • #509,687
  • Jan 24, 2020 7:31am Jan 24, 2020 7:31am
Quoting krst8
{quote} yeah, time is hard, one should have a swap free world :-) For market sentiment, you have any good input data besides IG and oanda? I been checking out https://fxssi.com/tools/current-ratio?filter=GBPUSD and to me the retail sentiment is going towards short which worries me :-)
Check out the COT datas and/or Daily sentiment index (but its paying service)

Sometimes people post everything on twitter
COT: The precious data ignored
  • #509,688
  • Jan 24, 2020 7:32am Jan 24, 2020 7:32am
Quoting kuroro001
{quote} Check out the COT datas and/or Daily sentiment index (but its paying service) Sometimes people post everything on twitter
yes, you opened up the COT world for me before Christmas (many thanks!)

i assume you are still keeping your shorts...
  • #509,689
  • Jan 24, 2020 7:35am Jan 24, 2020 7:35am
Quoting OnlineAddict
{quote} It was just because of the chart patterns(and market sentiment - meaning retail being long biased) and reactions this week and last week. I am still biased towards 2850-80, so I can get it either before BoE next week or after BoE the week after, after UK is out of EU. Longer term target is 2380.
My long term target is 2333 hahahaha
2850, 2750 and 2550 first.
It's going to take some time, obviously.
Cheers.
Hey buddy, let's grab some Pips!
  • #509,690
  • Jan 24, 2020 7:37am Jan 24, 2020 7:37am
Quoting OnlineAddict
{quote} Well, thats old news...next week will be the last of UK in the EU. We know that since the UK election.

the question now is... until December 31 of 2020 there is an economic agreement with the EU or not !?
  • #509,691
  • Jan 24, 2020 7:39am Jan 24, 2020 7:39am
Quoting chess king
{quote} the question now is... until December 31 of 2020 there is an economic agreement or not !?
guys
it does not matter.
this pair is more influenced by where harry & meghan are than anything brexitish.
in wondering about yourself, you forgot what you came here to be part of
  • #509,692
  • Jan 24, 2020 7:40am Jan 24, 2020 7:40am
Quoting pipfarm
Enjoy the ride 086 up to 122 then a drop to 050

There she goes
Follow The Markets Structure - Patience and Discipline
  • #509,693
  • Jan 24, 2020 7:41am Jan 24, 2020 7:41am
Quoting knkie
{quote} guys it does not matter. this pair is more influenced by where harry & meghan are than anything brexitish.


Will Harry and Meghan have to bow to William and Kate from now on?
  • #509,694
  • Jan 24, 2020 7:47am Jan 24, 2020 7:47am
Quoting chess king
{quote} the question now is... until December 31 of 2020 there is an economic agreement with the EU or not !?
It doesn't matter, UK will be no longer be a part of the EU within 2 weeks. The trade deal talks can take years...even though Boris says they will leave with no deal if they don't reach an agreement by the end of next year, we all know they won't. They will simply change the law and keep working on a deal...there is NOT going to be a no-deal scenario, no matter what. No politician can be trusted, its just big talk from him. He would be dead by now, if he honored his promises.
Everyone can see the chart, but only a few can actually read it.
  • #509,695
  • Jan 24, 2020 7:50am Jan 24, 2020 7:50am
Quoting OnlineAddict
{quote} It doesn't matter, UK will be no longer be a part of the EU within 2 weeks. The trade deal talks can take years...even though Boris says they will leave with no deal if they don't reach an agreement by the end of next year, we all know they won't. They will simply change the law and keep working on a deal...there is NOT going to be a no-deal scenario, no matter what. No politician can be trusted, its just big talk from him. He would be dead by now, if he honored his promises.

maybe whoever is working on the agreement will retire before it is concluded
  • #509,696
  • Jan 24, 2020 7:51am Jan 24, 2020 7:51am
Ingulfing candle in the daily
Ingulfing candle in the 4h
Ingulfing candle in the hourly
Got smached on the 38.2 retrace on the h&s pattern on the daily at 1.31371 .
Eg supported on the 50 % retracment on the daily
The only way is down.
Tbere could be pull back to 1.30183-279 area
Attached Image (click to enlarge)
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yes yes yes
  • #509,697
  • Jan 24, 2020 8:05am Jan 24, 2020 8:05am
Quoting chess king
{quote} Will Harry and Meghan have to bow to William and Kate from now on?
lol god i hope so

but what will probably happen is that Meghan will totally dominate his life with hollywood stuff he cant cope with and before you know it they will be divorced and he will be begging William to let him back into the country.
or they will both end up on the home shopping network.

thats how i would write the movie lol
in wondering about yourself, you forgot what you came here to be part of
  • #509,698
  • Jan 24, 2020 8:06am Jan 24, 2020 8:06am
on a more serious note: i thin anything Brexit related is already in the chart and most traders are too tired of the saga to care anymore.
in wondering about yourself, you forgot what you came here to be part of
  • #509,699
  • Jan 24, 2020 8:09am Jan 24, 2020 8:09am
Quoting pipfarm
Enjoy the ride 086 up to 122 then a drop to 050

Getting there slowly but surely, might lower the target a touch,coming in around 117-120


Brexit smegxit, who cares , its done and dusted, Brits are moving on for the better out of the Club that gives no befefits
Follow The Markets Structure - Patience and Discipline
  • #509,700
  • Jan 24, 2020 8:10am Jan 24, 2020 8:10am
Quoting knkie
{quote} lol god i hope so but what will probably happen is that Meghan will totally dominate his life with hollywood stuff he cant cope with and before you know it they will be divorced and he will be begging William to let him back into the country. or they will both end up on the home shopping network. thats how i would write the movie lol
All the material for a horror movie right there
Charts don't drive price, market conditions drive price...
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