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Cable Update (GBPUSD)

  • #528,941
  • Jun 18, 2020 6:09am Jun 18, 2020 6:09am
Here is an interesting Trade Explorer:

Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd200618trade explorer.png Size: 24 KB
Gone to a better place
  • #528,942
  • Jun 18, 2020 6:10am Jun 18, 2020 6:10am
below 2472 would be bearish.

That level is protected.

Buy the retrace.

do not short. ( for me )
Intraday only.
  • #528,943
  • Jun 18, 2020 6:10am Jun 18, 2020 6:10am
it mean if anyone miss the train can jump on board now hhahaa
  • #528,944
  • Jun 18, 2020 6:11am Jun 18, 2020 6:11am
Quoting SFundamental
{quote} This is the thing....everyone was bearish So what does that make everyone now
That's the thing, always wait for the news! buy/sell once the news is out and price is moving with the news. Incase if price goes against the news, wait for the sup/Res levels before making a call.
  • #528,945
  • Jun 18, 2020 6:12am Jun 18, 2020 6:12am
Quoting smikester
Here is an interesting Trade Explorer: {image}
One thing I don't understand about TE is that you need an account registered in 2019 to show up in 2020 yearly stats(the default ranking). I emailed FF about it, no response. It sucks...I wanted to be #1 there.
Everyone can see the chart, but only a few can actually read it.
  • #528,946
  • Jun 18, 2020 6:13am Jun 18, 2020 6:13am
Quoting trumps
{quote} The increase was forecast beforehand. All 9 were expected to vote for the increase, but only 8 did.
Also interest rate kept at same level, so no negative rate for the time being...

At its meeting ending on 17 June 2020, the MPC voted unanimously to maintain Bank Rate at 0.1%.
Don't Leave Money on the Table
  • #528,947
  • Jun 18, 2020 6:13am Jun 18, 2020 6:13am
up up up up you go , Rowing up the stream .
many many many many pips for me.
come back from a 85 pips lose
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu15m.png Size: 37 KB
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Click to Enlarge Name: gu1m.png Size: 26 KB
yes yes yes
  • #528,948
  • Jun 18, 2020 6:14am Jun 18, 2020 6:14am
Quoting HaLBot
{quote} Yes but it will boost the economy or so traders think so, also UK coming out of lockdown which will also boost economy.....need to think like the professionals do, there's always a reason why price is moving in certain direction
Economy and exchange rate are two separate things and their are forces pulling it either way. A good economy doesn't necessarily mean currency will appreciate.
  • #528,949
  • Jun 18, 2020 6:16am Jun 18, 2020 6:16am
Quoting Scotteyy
{quote} Economy and exchange rate are two separate things and their are forces pulling it either way. A good economy doesn't necessarily mean currency will appreciate.
You need to think hard about what you just said....

"A good economy doesn't necessarily mean currency will appreciate."

Australian economy a case in point, our currency topped out @ 110 Vs US dollar back when gold bricks were falling from the sky....
Don't Leave Money on the Table
  • #528,950
  • Jun 18, 2020 6:17am Jun 18, 2020 6:17am
Quoting Moty
up up up up you go , Rowing up the stream . many many many many pips for me. come back from a 85 pips lose {image} {image} {image} {image}
I think you are definitely rowing up stream there Moty.
I think you will need motorised help to be honest.

A lot of rapids and waterfalls to climb to get near that target.
Best follow the river flow I think.
Compulsions can be hard to resist
  • #528,951
  • Jun 18, 2020 6:18am Jun 18, 2020 6:18am
Price back above Daily Open should support my Bullish bias.
Below Weekly Open, Bearish sentiment continues.

On the sidelines.
  • #528,952
  • Jun 18, 2020 6:19am Jun 18, 2020 6:19am
Stop hunt on longs done

2470 profits - done.

Not advice but may long 2500-20 , go to 2590-2640 area to sell there.

Easy
Beware of robber banks (RB), bad advisors.
  • #528,953
  • Jun 18, 2020 6:19am Jun 18, 2020 6:19am
Quoting Theoak
{quote} How's that short working out for you?
Life is great!!
  • #528,954
  • Jun 18, 2020 6:19am Jun 18, 2020 6:19am
Quoting HaLBot
{quote} You need to think hard about what you just said.... "A good economy doesn't necessarily mean currency will appreciate."
It doesn't. I guess in the UK more-so because we are more import based but China have been trying to depreciate their currency for years to allow for better exports.
  • #528,955
  • Jun 18, 2020 6:20am Jun 18, 2020 6:20am
Quoting HaLBot
{quote} Also interest rate kept at same level, so no negative rate for the time being... At its meeting ending on 17 June 2020, the MPC voted unanimously to maintain Bank Rate at 0.1%.
Yeah.... For now.

Don't worry, negative coming

And QE bigger, did ya see or blind???
Beware of robber banks (RB), bad advisors.
  • #528,956
  • Jun 18, 2020 6:20am Jun 18, 2020 6:20am
They did the minimum expected but will it be enough to see any more upside in this pairing ? Behind closed doors Press conf transcript etc release at 1330pm London.
Trader with an Edge.
  • #528,957
  • Jun 18, 2020 6:21am Jun 18, 2020 6:21am
Quoting HaLBot
{quote} You. , our Aussie sheep currency topped out @ 110 Vs US dollar back when gold bricks were falling from the sky....

What's 110

Ohh Aussie fake dollars. Nice manipulated fake currency
Beware of robber banks (RB), bad advisors.
  • #528,958
  • Jun 18, 2020 6:22am Jun 18, 2020 6:22am
Quoting HaLBot
Ahhhhhhhhhh.....BOE has been kind to me today...
Lets just say its blocked by the hourly again right lol; should have sold again(..)

Im happy, not tuching anything anymore! They should have more meetings )
Life is great!!
  • #528,959
  • Jun 18, 2020 6:22am Jun 18, 2020 6:22am
Quoting OnlineAddict
{quote} One thing I don't understand about TE is that you need an account registered in 2019 to show up in 2020 yearly stats(the default ranking). I emailed FF about it, no response. It sucks...I wanted to be #1 there.
It's not difficult to get to No.1, but I have yet to see an account which stays there. I got to the top ten some years ago with a couple of mad trades and that's all it takes. I like to expand and look at worst losing trade %. If that's over 2 or 3% you know it's not a stayer. I can't remember who's account the above was, but it's gone now...
Gone to a better place
  • #528,960
  • Jun 18, 2020 6:23am Jun 18, 2020 6:23am
Quoting Moty
up up up up you go , Rowing up the stream . many many many many pips for me. come back from a 85 pips lose {image} {image} {image}
be careful with the top of the channel...don't break don't shake
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