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Cable Update (GBPUSD)

  • #524,581
  • Jun 1, 2020 11:51am Jun 1, 2020 11:51am
Quoting Georginson
{quote} There might be no chance tomorrow at London as price will likely start grinding lower to 1.2280 region. Though this cable is capable of doing the unthinkable! Cheers mate.
ha..ha..

But a good bull run this Monday.

Means, rest of the week could be anything.
Intraday only.
  • #524,582
  • Jun 1, 2020 12:06pm Jun 1, 2020 12:06pm
Quoting navk
{quote} ha..ha.. But a good bull run this Monday. Means, rest of the week could be anything.
Anything other than 1.2280 will raise my eyebrows... The Bears are angry ..hahaha
Data + Stat + Risk/Emotions Management
  • #524,583
  • Jun 1, 2020 12:07pm Jun 1, 2020 12:07pm
Quoting SFundamental
Looking at the chart on Friday...the pound was bullish

Just thinking if we will get some more... I was really looking for 1.2500 Hopefully,... ay
Nice call bud.

We need more smart people

As I often said.... Wait... Sell higher. . That said I can't YET determine the best sell point
Beware of robber banks (RB), bad advisors.
  • #524,584
  • Jun 1, 2020 12:08pm Jun 1, 2020 12:08pm
Quoting fx2022
{quote}... . nobody cares that you were cool in high school. you are a loser now.
Is that what your mommy tells you daily???

I feel sorry. Hope it gets better
Beware of robber banks (RB), bad advisors.
  • #524,585
  • Jun 1, 2020 12:12pm Jun 1, 2020 12:12pm
Quoting Georginson
{quote} There might be no chance tomorrow at London as price will likely start grinding lower to 1.2280 region. Though this cable is capable of doing the unthinkable! Cheers mate.
Your magic count..... The 3 week rule and shorts..... Yeahhhhh
Beware of robber banks (RB), bad advisors.
  • #524,586
  • Jun 1, 2020 12:14pm Jun 1, 2020 12:14pm
Quoting Not-KPMG
{quote} Is that what your mommy tells you daily??? I feel sorry. Hope it gets better
ok demo man. performing well on a demo account is like having sex with blow up dolls, and counting them as real conquests.

Have you named all your dolls. haHA
  • #524,587
  • Jun 1, 2020 12:21pm Jun 1, 2020 12:21pm
Quoting Xmjohn
{quote} Sorry for another question but do you think that the economic status of a nation affects short term trading?

Because I believe that it's just supplementary and the vital part of short term or day trading is the technical analysis part.

I really appreciate if you respond to my questions.
No.
Any NATION news or regular lies ... I mean NEWS have no impact in immediate time.
Why?? They either move (read as rob small traders ) the market the OPPOSITE way..... Or simply THEY know in advance.. .

If you believe in TA..... yes for SMALL FRAMES it's better than all fundamental gyberybock. Keep an eye on the chart because THEY can whip it like magic....

Who are they???? The market makers Robbing Banks etc...

Trade very safe!!!
And avoid pound - it's a total crooked mess.
I know, been trading like forever
Attached Image
Beware of robber banks (RB), bad advisors.
  • #524,588
  • Jun 1, 2020 12:22pm Jun 1, 2020 12:22pm
Quoting fx2022
{quote} ok demo man. performing well on a demo account is like having sex with blow up dolls, and counting them as real conquests. Have you named all your dolls. haHA
Sisters and pet dogs who love peanut butter don't count....
Lost....
  • #524,589
  • Jun 1, 2020 12:26pm Jun 1, 2020 12:26pm
[quote=gespiri;12975972]{quote} Sisters and pet dogs who love peanut butter don't count....[/qu

His favourite doll is a Germanic farmgirl named Freida. She is thick with big cankles, but its ok as it reminds him of his childhood.
  • #524,590
  • Jun 1, 2020 12:27pm Jun 1, 2020 12:27pm
Quoting fx2022
{quote} ok demo man. performing well on a demo account is like having sex with blow up dolls, and counting them as real conquests.

Have you named all your dolls. haHA


If I was more giving a fu.k I'd say "yo momma"
... but I don't.... Yet... I mean right now.... .


Go figure that sentence


Seriously #
I don't trade demo lately - 2 real accounts, job, kid and bitcoin.... No time.

( funny that I started one demo 3 months ago because I had no signals) . Saved myself many bad REAL trades....
Think about it...
Beware of robber banks (RB), bad advisors.
  • #524,591
  • Jun 1, 2020 12:29pm Jun 1, 2020 12:29pm
Quoting gespiri
{quote} Sisters and pet dogs who love peanut butter don't count....
I had my doubts you're expert in perverted sax.... but now I'm sure
Beware of robber banks (RB), bad advisors.
  • #524,592
  • Jun 1, 2020 12:30pm Jun 1, 2020 12:30pm
Quoting Not-KPMG
{quote} If I was more giving a fu.k I'd say "yo momma" ... but I don't.... Yet... I mean right now.... . Go figure that sentence Seriously # I don't trade demo lately - 2 real accounts, job, kid and bitcoin.... No time. ( funny that I started one demo 3 months ago because I had no signals) . Saved myself many bad REAL trades.... Think about it...
sure u do pal. just like u have bedded lots of real women. its ok. demo man
  • #524,593
  • Edited 1:06pm Jun 1, 2020 12:31pm | Edited 1:06pm
Quoting Not-KPMG
{quote} Nice call bud. We need more smart people As I often said.... Wait... Sell higher. . That said I can't YET determine the best sell point
Thanks Not-KPMG
Goldmans telling people to sell the dollar, the issues with China, and political problems - were always going to put the dollar under pressure
In the UK things are starting to open up more as they are in Aus.

I was looking at Brexit negotiations to sell the pound.
Perhaps in light of the dollar issue a long EURGBP
0.8880 looks a decent price- if we get it
Would expect some sort of reaction here in any event.
Will have to see what the headlines/Barnier/Frost are saying
One thing that did concern me was Bloomberg saying that people don't care about Brexit anymore- which seems odd to me.
Lets see how things stand at the Frankfurt open.
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #524,594
  • Jun 1, 2020 12:37pm Jun 1, 2020 12:37pm
Quoting tehnoob
So far it's been following the scenario I posted on May 11th. My puffer fish brought me luck {image} {image}

Come on. You know and i know than GBP is underpriced by a long way. there aint no way its going to follow your large arrow dowm
  • #524,595
  • Jun 1, 2020 12:40pm Jun 1, 2020 12:40pm
Quick stat on June
June 2017
Open :1.2889
High :1.3029
Low. :1.2588
Range. : 441pips
(Open to High range = 140 pips)

June 2018
Open :1.3295
High :1.3471
Low :1.3048
Range. :423pips
(Open to High range = 184 pips)

June 2019
Open :1.2628
High. :1.2782
Low. :1.2504
Range. : 268 pips
(Open to High range = 154 pips)

June 2020 (as it stands)
Open :1.2323
High. : 1.2488
Low:. : 1.2323
Range. : 165 pips
(Open to High range = 165 pips

Key observation
Most opening price to high price is 184 pips, the current opening price to High price stands at 165 pips.... Pointing at reversal anywhere near 1.2500.

Opening price to low price has least of 124 pips, so far the current opening to low price stands at 0 pip.... Pointing at price dropping to around 1.2210

June ranges are usually low in the last 3 years with maximum range of 441 pips.... So not much range is expected if going by previous recent years. A lot of ranging could happen this June.

Thirdly... GBPUSD always struggles to do 3 consecutive weeks of buying and hasn't done so so far this 2020, so price has chance of ending the week lower considering price hasn't dropped by a single pip from the opening price this week.

In addition previous uptrend took off from 1.2265 and ended at 1.2645 being 400 pips rise before crash to 1.2073... this price as also surged from 1.2073 to 1.2488 being 415 pips surge... Another crash can be on the cards....

Just my lazy analysis not an advise for anyone...

Trade safely.
Data + Stat + Risk/Emotions Management
  • #524,596
  • Jun 1, 2020 12:40pm Jun 1, 2020 12:40pm
Quoting Moty
{image}
Come on man, are you kidding me? never trust advice from those who cannot admit they are were wrong. the draw down says everything. That being said, it cou;ld well go down to that old daily pivot..
  • #524,597
  • Jun 1, 2020 12:51pm Jun 1, 2020 12:51pm
PH
Beware of robber banks (RB), bad advisors.
  • #524,598
  • Jun 1, 2020 12:52pm Jun 1, 2020 12:52pm
Quoting mkvy
{quote} Come on. You know and i know than GBP is underpriced by a long way. there aint no way its going to follow your large arrow dowm
Pound??..

It's going down to 1.15 and below..... Cos it's in total mess.

All lies about UK stability and business

Find my angry pounds picture

Or this below. From 2017.
Nothing has changed
Attached Image
Beware of robber banks (RB), bad advisors.
  • #524,599
  • Jun 1, 2020 12:53pm Jun 1, 2020 12:53pm
For people that go "Duuuuuuuhhhh pound strong duhhh"

I can remind - negative rates are coming
Beware of robber banks (RB), bad advisors.
  • #524,600
  • Jun 1, 2020 12:58pm Jun 1, 2020 12:58pm
no 3 weeks down either
this week open is the line in the sand, also monthly open, its in a box with slight false break to downside, but the wk open is a very important number.
overall its bullish above the failed bearish week based on a super long wick left printed on monthly


Quoting Georginson
Quick stat on June June 2017 Open :1.2889 High :1.3029 Low. :1.2588 Range. : 441pips (Open to High range = 140 pips) June 2018 Open :1.3295 High :1.3471 Low :1.3048 Range. :423pips (Open to High range = 184 pips) June 2019 Open :1.2628 High. :1.2782 Low. :1.2504 Range. : 268 pips (Open to High range = 154 pips) June 2020 (as it stands) Open :1.2323 High. : 1.2488 Low:. : 1.2323 Range. : 165 pips (Open to High range = 165 pips Key observation Most opening price to high price is 184 pips, the current opening price to High price stands at 165 pips.......
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