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Cable Update (GBPUSD)

  • #540,981
  • Aug 5, 2020 9:40am Aug 5, 2020 9:40am
Quoting nessus94
{quote} again short here 1.3150 gbp is a crap currency
eat some of this..
and cheers mate
just for a cup of coffee...
  • #540,982
  • Aug 5, 2020 9:41am Aug 5, 2020 9:41am
Quoting avpcap
DXY going for a double bottom... no shorts (apart from scalps) until it comes back into the channel. Only my opinion of course. {image}
TP hit. I love it when a plan comes together! Waiting to see what happens with DXY before re-entering.

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  • #540,983
  • Aug 5, 2020 9:47am Aug 5, 2020 9:47am
Quoting nessus94
{quote} again short here 1.3150 gbp is a crap currency
Lucky for us USD is crapper!
  • #540,984
  • Aug 5, 2020 9:47am Aug 5, 2020 9:47am
Tp at 1.31000
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  • #540,985
  • Aug 5, 2020 9:50am Aug 5, 2020 9:50am
Quoting nessus94
{quote} again short here 1.3150 gbp is a crap currency
Okay.
Patience.....
  • #540,986
  • Aug 5, 2020 9:52am Aug 5, 2020 9:52am
dx at 92.500 zone
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yes yes yes
  • #540,987
  • Aug 5, 2020 9:52am Aug 5, 2020 9:52am
...price running into the bottom of the 1hr part of the prev 1hr/4hr/dly sw hi zone to 3170....38.2% ext there of y/day's pip range also...price currently @ 114 pips today, y/day 127, today is 107% of 30 day adr. Daily below showing further upside barriers. Nexxt fib is 3213 being 50% of 5016-1411.
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Trader with an Edge.
  • #540,988
  • Aug 5, 2020 9:55am Aug 5, 2020 9:55am
Quoting nessus94
{quote} again short here 1.3150 gbp is a crap currency
LOL,
last week, usd is a toilet paper.
today gbp is a crap currency?
  • #540,989
  • Aug 5, 2020 9:57am Aug 5, 2020 9:57am
Quoting OBsayMkMoney
{quote} It is one of the oldest rules in Forex my friend. Breakout..... Retest.... Go. Here is a video where he calls it the master pattern, but in the end it is just price crossing a line.. retesting it.. then going in the original direction. https://youtu.be/E-HRjjWQk6M
god bless u. it was very useful. tnx
  • #540,990
  • Aug 5, 2020 9:58am Aug 5, 2020 9:58am
Quoting gatenio
{quote} LOL, last week, usd is a toilet paper. today gbp is a crap currency?
Looks like both currencies has one thing in common...a rest room
Charts don't drive price, market conditions drive price...
  • #540,991
  • Aug 5, 2020 9:59am Aug 5, 2020 9:59am
for 18 pips .
1 step for gu , giant step for my equity
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yes yes yes
  • #540,992
  • Aug 5, 2020 9:59am Aug 5, 2020 9:59am
Quoting avpcap
{quote} Lucky for us USD is crapper!

Absolutely - it's a battle of the least worst !
--------------------------------------------------

Here's a prediction - we are in the beginning of the end stage of this fiat system of money that replaced the gold standard in the early 70's. Every fractional reserve fiat system since the medici's in 14th century Italy has collapsed under the weight of it's own debt that is the only thing backing the currency. It will end when $ ceases to be the world's reserve currency or even sooner depending on ability to service the debt. Central banks will try and inflate (kick) the problem down the road again for future govts/generations - but there will have to come a day of reckoning and in a post covid world if there will ever be such a thing - the next seismic shock to the world economy could be a pivotal moment in this respect.
Trader with an Edge.
  • #540,993
  • Aug 5, 2020 10:02am Aug 5, 2020 10:02am
Quoting emannnn
{quote} god bless u. it was very useful. tnx
Glad to be of help brother. Be Blessed as well.
Don't compare your trades to others. Most often the masses are the asses
  • #540,994
  • Aug 5, 2020 10:05am Aug 5, 2020 10:05am
GBPUSD looks like it's moving back into it's bullish trend.
The time that leads to mastery is dependent on the intensity of our focus.
  • #540,995
  • Aug 5, 2020 10:05am Aug 5, 2020 10:05am
Quoting Moty
for 18 pips . 1 step for gu , giant step for my equity {image}
1m chart? Moty.. Moty.. brother.
Don't compare your trades to others. Most often the masses are the asses
  • #540,996
  • Aug 5, 2020 10:06am Aug 5, 2020 10:06am
Quoting Theoak
{quote} Because its a 1 min chart. If you get charts up for daily, 4hr and 1 hr. The direction is north on a very good bull run. The (1min) smaller timeframes will not win a battle with higher time frames. I look at is as the big boys higher timeframes and the kids are the smaller ones. They throw you a few sweets to encourage you; then wipe you out!
tnx dude
  • #540,997
  • Aug 5, 2020 10:10am Aug 5, 2020 10:10am
Im out for now, no clear sell
  • #540,998
  • Aug 5, 2020 10:10am Aug 5, 2020 10:10am
Quoting gatenio
{quote} take profit. this area has a pop potential!
I agree, but as the GU has been turning slowly, and the previous time the dollar was here it did the same. I think we have an hour or so before it pops. At least I did. Think it will start shortly.
Don't compare your trades to others. Most often the masses are the asses
  • #540,999
  • Aug 5, 2020 10:12am Aug 5, 2020 10:12am
Quoting OBsayMkMoney
{quote} 1m chart? Moty.. Moty.. brother.
Attached Image (click to enlarge)
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yes yes yes
  • #541,000
  • Aug 5, 2020 10:14am Aug 5, 2020 10:14am
Quoting gatenio
{quote} LOL, last week, usd is a toilet paper. today gbp is a crap currency?
buy commodities, only those ones will save your money
Make money by doing the opposite of Giveachance aka loser
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