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Cable Update (GBPUSD)

  • #539,681
  • Jul 30, 2020 3:43pm Jul 30, 2020 3:43pm
have a weird feeling we might be heading down tomorrow. just with how price has been for end of the day. no letting go of the push and near top of daily liq level.
feels like we will have a mass sell off tomorrow then bulls back for next week
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #539,682
  • Jul 30, 2020 3:47pm Jul 30, 2020 3:47pm
Looks like GU is heading to 1.35 as expected XXX
1.40 or 1.50 would be fair value

Green pips everyone
  • #539,683
  • Jul 30, 2020 3:47pm Jul 30, 2020 3:47pm
Quoting mastersplint
have a weird feeling we might be heading down tomorrow. just with how price has been for end of the day. no letting go of the push and near top of daily liq level. feels like we will have a mass sell off tomorrow then bulls back for next week
Sell of or not. One has to wonder why no one is doing any profit taking? It appears as there are a consensus on the buyers side to not take profit....
  • #539,684
  • Jul 30, 2020 3:48pm Jul 30, 2020 3:48pm
No stopping it every time I draw my 5 min tl it breaks it . So until it stops breaking and we get a clear cross over no shorts yet
  • #539,685
  • Jul 30, 2020 3:49pm Jul 30, 2020 3:49pm
Quoting mkvy
Looks like GU is heading to 1.35 as expected XXX 1.40 or 1.50 would be fair value
haha.. i hope you are joking with the “as expected”?!? (Not saying it will not go but love these comments ;-) )
  • #539,686
  • Jul 30, 2020 3:49pm Jul 30, 2020 3:49pm
Quoting krst8
{quote} Sell of or not. One has to wonder why no one is doing any profit taking? It appears as there are a consensus on the buyers side to not take profit....
becasue price goes to area where there is liq to grab? I dont know, what if they all taek profit rn and it tanks 10000 pips lmao
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #539,687
  • Jul 30, 2020 3:50pm Jul 30, 2020 3:50pm
Quoting krst8
{quote} haha.. i hope you are joking with the “as expected”?!? (Not saying it will not go but love these comments ;-) )
I did say a few days ago if it breaks 1.30, then 1.35 next, i took my piece of the pie earlier on. I'm very content to just watch now. I am never sad to have taken profit.
and i am very in control of my emotions. Whist waiting for a down move is so cool to be involved in this forum. I am waiting for a 'Dive"
  • #539,688
  • Jul 30, 2020 3:51pm Jul 30, 2020 3:51pm
ugh, here we go again with price argument between ppl
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"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #539,689
  • Jul 30, 2020 3:53pm Jul 30, 2020 3:53pm
Quoting mastersplint
{quote} becasue price goes to area where there is liq to grab? I dont know, what if they all taek profit rn and it tanks 10000 pips lmao
my point just beeing that money is no money until taken out of the market... so someone is very sure of them selves.. this moves this week reminds of the brexit moves last autumn and winter :-)

Did anyone notice in fed speach yesterday that they keept the swap lines open for abroad banks?
  • #539,690
  • Jul 30, 2020 3:54pm Jul 30, 2020 3:54pm
Quoting mastersplint
ugh, here we go again with price argument between ppl {image}
hehe you are right, enjoy yourselves ;-)
  • #539,691
  • Jul 30, 2020 3:58pm Jul 30, 2020 3:58pm
1.32 is the next level of interest if your a butt spanked Banker (Dont say that fast)
  • #539,692
  • Jul 30, 2020 3:59pm Jul 30, 2020 3:59pm
Quoting krst8
{quote} my point just beeing that money is no money until taken out of the market... so someone is very sure of them selves.. this moves this week reminds of the brexit moves last autumn and winter :-) Did anyone notice in fed speach yesterday that they keept the swap lines open for abroad banks?
Yes i did notice that. Not good for usd. I mean hey i see it tapping 1.33 area potentially, just gotta make sure I keep my eyes open in case it does opposite
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #539,693
  • Jul 30, 2020 4:01pm Jul 30, 2020 4:01pm
... it's official (re my broker close at least) - 10th consecutive bullish bodied daily candle now. Only twice in last 10 years have we seen above this (re bullish) and that was starting on 16/04/2012 when we saw 12, and 17/01/2011 when we saw 11. Is cable gonna beat that record this time? last day of month tomorrow - we could see some month end squaring/profit taking ? Bed time.
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Trader with an Edge.
  • #539,694
  • Jul 30, 2020 4:02pm Jul 30, 2020 4:02pm
Quoting mastersplint
{quote} Yes i did notice that. Not good for usd. I mean hey i see it tapping 1.33 area potentially, just gotta make sure I keep my eyes open in case it does opposite
So, there is a planned intent to keep USD liquidity very high then one can make an assumption?
  • #539,695
  • Jul 30, 2020 4:05pm Jul 30, 2020 4:05pm
Quoting krst8
{quote} So, there is a planned intent to keep USD liquidity very high then one can make an assumption?
i know nothing lol. I just trade what I see
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #539,696
  • Jul 30, 2020 4:10pm Jul 30, 2020 4:10pm
Quoting akim0895
oppssttt... .. next 3105..
nearly there..
next 3155..
️
just for a cup of coffee...
  • #539,697
  • Jul 30, 2020 4:20pm Jul 30, 2020 4:20pm
Please go down, please go down. If it goes below 1.30, then 1.35 is invalidated. My sneaky suspicion is that because 1.2950 was broken down.. its a sign.
That will harmonize with my dumbest strategy in the world giving birth to a sell trade

I have now picked the top, because i want to like you,you,you
  • #539,698
  • Jul 30, 2020 4:28pm Jul 30, 2020 4:28pm
Well, Bears won’t get anything this week..
Considering the close, more bulls tomorrow..

Level to observe for entry is 1.30379 (For me)

Lets see how it goes..
Good night and StaySafe
  • #539,699
  • Jul 30, 2020 4:33pm Jul 30, 2020 4:33pm
Quoting mkvy
Please go down, please go down. If it goes below 1.30, then 1.35 is invalidated. My sneaky suspicion is that because 1.2950 was broken down.. its a sign. That will harmonize with my dumbest strategy in the world giving birth to a sell trade I have now picked the top, because i want to like you,you,you
I have 2 sells rn was selling pullbaxk and have buy orders set at lower price. Neve know im not a bank.... unless you ask my kods
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #539,700
  • Jul 30, 2020 4:33pm Jul 30, 2020 4:33pm
Message to the thread:

No one is suggesting that some one's analysis shouldn't be challenged on this thread, or indeed their money management because we do see some bad practices here that will lead to short lived careers as a trader if traders exhibiting these do not recognise them and change them. But it is the manner in which this discourse and exchange of views is undertaken that is telling and it seems can tell us more about those doing the challenging than the challenged. We all understand that trading can be stressful and lead to heightened emotions but some posters here just seem to enjoy being cruel and nasty. They are bullies - plain and simple, and bullies are generally fragile egotistical narcissistic cowards hiding a deep rooted insecurity (s) that is generally, but not exclusively, sexually related. Not to put too fine a point on it - In the case of men, to use the vernacular - they are almost always small-dicked no-marks who can't satisfy their women ! For the decent fair-minded posters here who just want to enjoy the experience and a good tempered exchange of ideas and views - console yourselves with this thought. For those that are intent on causing ill feeling - go and ply your trade elsewhere or crawl back under the stone from whence you came. I am sure I speak for the majority when I say - most will think the same as I - you are not welcome here.
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