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Cable Update (GBPUSD)

  • #531,581
  • Jun 28, 2020 2:45am Jun 28, 2020 2:45am
well, i have my shorts still open, but will close in Asia.

The drop will finish above 2290.

The rally to to proceed to 2390/2411 for Monday.
Intraday only.
  • #531,582
  • Jun 28, 2020 3:12am Jun 28, 2020 3:12am
my analysis shows that gbpusd is turning north.
so when the market opens, i open a long position.
h1.
  • #531,583
  • Jun 28, 2020 5:21am Jun 28, 2020 5:21am
Quoting Marcieny
{quote} People should unite because in 1 or 2 years the forex will be much more difficult than today, economies have not even reacted to interest rates yet, when the moves start you will see the strength of gbp that even I am curious to see this movement... is closer than far... for thief banks, the cheaper the better..
I agree.
If or When they bring back the gold standard in the US and other countries follow, volatility will eventually be minimized.
But we're talking about 5+ years until then.
Lost....
  • #531,584
  • Edited 5:56am Jun 28, 2020 5:39am | Edited 5:56am
Attached Image (click to enlarge)
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Quoting navk
well, i have my shorts still open, but will close in Asia. The drop will finish above 2290. The rally to to proceed to 2390/2411 for Monday.
Morning yes looking at that to . I can see 2435 ish but hay ho that could be the opening target as it would test Fridays high possibly fooling trades to go long . Not saying it would not .. or last Sunday gap down and the up . Which if it’s a fake out move could see a higher long number . Nice simple chart .as you can see the bottom line also confirms breakout of the channel and that could be a good buying time .. this chart is dedicated to our friend Trump . Lol regards to all good luck this week E
  • #531,585
  • Jun 28, 2020 6:01am Jun 28, 2020 6:01am
Attached Image (click to enlarge)
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if we look at this being a fib number and test of the 2300 area then the long possible are as shown
  • #531,586
  • Jun 28, 2020 6:49am Jun 28, 2020 6:49am
Quoting RRealSoldier
{quote} I didn't get you, could you please explain? 700+ ignored person?? my profile?? I found only 1 {image}
I am member in forexfactory since 2009. In the early period, I used to put some people on Ignore list.

Then realized that putting someone in ignore does not make me good trader or qualify myself as better poster than the person who is on ignore list.

The age and experience matters which makes you matured. When I realized that I stopped, ignoring anyone.

For the last several years, I do never use ignore button.

Forex loosing money is so simple, making money needs experience, but be matured always.
Intraday only.
  • #531,587
  • Jun 28, 2020 7:21am Jun 28, 2020 7:21am
Quoting gespiri
{quote} I agree. If or When they bring back the gold standard in the US and other countries follow, volatility will eventually be minimized. But we're talking about 5+ years until then.

There will doubtless come a day (s) of reckoning re levels of govt debt (to say nothing of corporate and personal) around the world but I doubt very much that the powers that be at that time will see a return to the gold standard as the solution/alternative to the fiat system of money that has created/led to these levels and the exponential expansion of credit. We live in a world where money is debt - it's the only thing that backs it and a new monetary system would create a new world order not just economically but politically and I doubt that are few brave enough for that (good or bad.) I'm glad I am completely debt free but even being in this position will not protect us from the devaluing of money itself. I think the solution they will come up with will more likely be akin to a universal agreement to chop a 0 or two off all round.
Trader with an Edge.
  • #531,588
  • Jun 28, 2020 7:35am Jun 28, 2020 7:35am
Quoting trumps
{quote} Daily range for Mon/Tues in my view. {image}
Going to the 4hr chart, I see a wedge broken by the bears which maybe retested, but I don't think it will be re-broken by the bulls
Attached Image (click to enlarge)
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Compulsions can be hard to resist
  • #531,589
  • Jun 28, 2020 7:36am Jun 28, 2020 7:36am
Re next week - perhaps the most interesting candle is the weekly inverted pinbar close - these are rare of any t/f....look at the eg below from the 1hr on 18th May (admittedly after a gap down so a close of the gap was likely too) ....that is the perceived wisdom - ie that they lead to a rise in price. Time will tell and as always - trade what we see...which for me will be the London open.

Odin.
Attached Image
Trader with an Edge.
  • #531,590
  • Jun 28, 2020 8:52am Jun 28, 2020 8:52am
Quoting gespiri
{quote} I agree. If or When they bring back the gold standard in the US and other countries follow, volatility will eventually be minimized. But we're talking about 5+ years until then.
If gold has a good drop, soon they can do it then and maybe even in silver.
The stock market will soon need money, companies are failing, closing, people will start selling because in crisis not everyone buys, most sells.
  • #531,591
  • Jun 28, 2020 10:52am Jun 28, 2020 10:52am
https://9gag.com/gag/an49MZ5?ref=ios
Patience and Discipline.
  • #531,592
  • Jun 28, 2020 12:08pm Jun 28, 2020 12:08pm
Quoting Marcieny
{quote} If gold has a good drop, soon they can do it then and maybe even in silver. The stock market will soon need money, companies are failing, closing, people will start selling because in crisis not everyone buys, most sells.
likely crazy not run unlimited , even investors too worry and buying gold to for 1800 + before fatigue with multi years crisis all arounds soon!the sooner the better though!
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #531,593
  • Jun 28, 2020 12:20pm Jun 28, 2020 12:20pm
At this time every week, a few hours before the market opens; it feels similar before a football match starts of big game.
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #531,594
  • Jun 28, 2020 2:08pm Jun 28, 2020 2:08pm
Please consider taking a look at my Weekly Market Update.
I provide trading ideas with potential stops and targets.

DXY starts at 0:03.
GBP/USD starts at 13:35.

I upload weekly analysis every Sunday and daily analysis from TUE to FRI.

Inserted Video
  • #531,595
  • Jun 28, 2020 3:07pm Jun 28, 2020 3:07pm
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??????
  • #531,596
  • Jun 28, 2020 3:10pm Jun 28, 2020 3:10pm
Spread on live acc is £15 a pip
  • #531,597
  • Edited 3:43pm Jun 28, 2020 3:17pm | Edited 3:43pm
Quoting fontu
{quote} likely crazy not run unlimited , even investors too worry and buying gold to for 1800 + before fatigue with multi years crisis all arounds soon!the sooner the better though! {image} {image}
Yes longe term maybe $500... this does not mean that the dollar may rise, or not ... but it may happen that the dollar rises at some point and soon falls, the two may fall together. in fact you need to pay attention to all cycles of all pairs. mainly Gj
  • #531,598
  • Jun 28, 2020 3:26pm Jun 28, 2020 3:26pm
The weekend passes fast.... i dread the GBP collapse.. Even if we can fly next month we wont be able to afford to go anywhere
  • #531,599
  • Jun 28, 2020 3:30pm Jun 28, 2020 3:30pm
Quoting mkvy
The weekend passes fast.... i dread the GBP collapse.. Even if we can fly next month we wont be able to afford to go anywhere


You mean the British will get poorer and poorer, now that the Empire is all gone and no foreign lands (America, india) to rob ? ?

I feel bad for you

Like this Brexit - voted the Brexit puppeteers, now have to dance to the clown music

And why go anywhere???? Brexit, borders, stay home, have your pie . . No EXPENSIVE Spanish places, no French maids

On plus side - millions of immigrants , draining the benefits system UK will do great

Ohhhh look I did fundi analysis

When 1.45 Onlinus???
Beware of robber banks (RB), bad advisors.
  • #531,600
  • Jun 28, 2020 3:36pm Jun 28, 2020 3:36pm
Quoting mkvy
The weekend passes fast.... i dread the GBP collapse.. Even if we can fly next month we wont be able to afford to go anywhere
Don't worry too much, Relative to the USD, I think GBP will be on the rebound later in final quarter of the year.
Compulsions can be hard to resist
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