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Cable Update (GBPUSD)

  • #542,101
  • Aug 12, 2020 12:53am Aug 12, 2020 12:53am
UK GDP etc in a while
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  • #542,102
  • Aug 12, 2020 1:10am Aug 12, 2020 1:10am
Preparing some spike to daily pivot. With all the good data it may actually do that. Let's see how 3075 reacts.
  • #542,103
  • Aug 12, 2020 1:12am Aug 12, 2020 1:12am
Quoting Mitiblotch
Preparing some spike to daily pivot. With all the good data it may actually do that. Let's see how 3075 reacts.
already in after s1 hit.
  • #542,104
  • Aug 12, 2020 1:24am Aug 12, 2020 1:24am
SHORT in @ 1.30441
  • #542,105
  • Aug 12, 2020 1:25am Aug 12, 2020 1:25am
Quoting Mitiblotch
Preparing some spike to daily pivot. With all the good data it may actually do that. Let's see how 3075 reacts.
it can turn at daily open
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yes yes yes
  • #542,106
  • Aug 12, 2020 1:48am Aug 12, 2020 1:48am
Quoting BigBangs21
{image}
Hey Monty what do you see for AUD/usd today?
  • #542,107
  • Aug 12, 2020 1:59am Aug 12, 2020 1:59am
Don't get too greedy bears.
2893 the number to watch
Compulsions can be hard to resist
  • #542,108
  • Aug 12, 2020 2:21am Aug 12, 2020 2:21am
Quoting OxyGen_FX
{quote} Trade still in play, watching out for bounce at 1.30 area. {image}
Closed the remainder for +70pips. London opened but it did not go down further.
  • #542,109
  • Aug 12, 2020 2:22am Aug 12, 2020 2:22am
Quoting trumps
Don't get too greedy bears. 2893 the number to watch
but first, 2950

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Compulsions can be hard to resist
  • #542,110
  • Aug 12, 2020 2:31am Aug 12, 2020 2:31am
Morning Everyone,

I just can't get myself to think we officially bearish (not even for a retrace)..
Thing is, MM knows 80% wanna short or already short. Having said that, we can guess what they have in mind..

If anything, we should learn from GOLD. Do you know since when people have been trying to short it just because it's been bullish? well, I guess the charts are telling. Last thing I will give away for free, 2020 will be a highly VOLATILE year. (I know most of us are used to small trend, then retrace.. But that will likely change this year)

Let's adapt and make easy money with the trend.
StaySafe
  • #542,111
  • Aug 12, 2020 2:40am Aug 12, 2020 2:40am
Quoting trumps
{quote} but first, 2950 {image}
We ll probably get there today. This point is going to be the watershed
Twitter: Rummer_grapes
  • #542,112
  • Aug 12, 2020 2:44am Aug 12, 2020 2:44am
Quoting JayBag
Morning Everyone, I just can't get myself to think we officially bearish (not even for a retrace).. Thing is, MM knows 80% wanna short or already short. Having said that, we can guess what they have in mind.. If anything, we should learn from GOLD. Do you know since when people have been trying to short it just because it's been bullish? well, I guess the charts are telling. Last thing I will give away for free, 2020 ..
Dont agree with you totaly .First gold price increase cause its a safe haven investment in this time , people who try to short gold are only speculators.

Second , MM dont drive trends , they may set a direction for a while but thats it.They dont hold long term positions in currencies cause it to risky, any monetary policy can wipe their earnings.

The only ones that really knows whats next are Central Banks and thats it,everybody else are just on a guessing game.
  • #542,113
  • Aug 12, 2020 2:44am Aug 12, 2020 2:44am
Quoting Bacco
{quote} We ll probably get there today. This point is going to be the watershed
I agree.
I don't see it going past the 2950-2893 zone
Compulsions can be hard to resist
  • #542,114
  • Aug 12, 2020 2:48am Aug 12, 2020 2:48am
Quoting Bacco
{quote} We ll probably get there today. This point is going to be the watershed
I had big plans for 2774, but Alas, I don't think it's going to happen
Compulsions can be hard to resist
  • #542,115
  • Aug 12, 2020 2:57am Aug 12, 2020 2:57am
new day , old crooks tricks
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yes yes yes
  • #542,116
  • Aug 12, 2020 2:58am Aug 12, 2020 2:58am
inverted head and shoulder?
  • #542,117
  • Aug 12, 2020 2:59am Aug 12, 2020 2:59am
Quoting andy_wpo
{quote} Dont agree with you totaly .First gold price increase cause its a safe haven investment in this time , people who try to short gold are only speculators. Second , MM dont drive trends , they may set a direction for a while but thats it.They dont hold long term positions in currencies cause it to risky, any monetary policy can wipe their earnings. The only ones that really knows whats next are Central Banks and thats it,everybody else are just on a guessing game.
It's only fair if you don't fully agree with me. It's constructive and I welcome it.
I think all market are risky even GOLD. I mean, COVID got it to sky rocket. (Who knew about VOVID before hand?)

I agree MM don't drive trend but I think you will agree with me when I say they have already SET the trend. Lastly, I am more Technical which means all my posts are inspired by what I see on charts hence I used GOLD as an example.

Oh yes, we are just guessing and that's a fact. However, Educated guess/experience makes the different. You will agree right?

StaySafe
  • #542,118
  • Aug 12, 2020 3:05am Aug 12, 2020 3:05am
Good area to short with small SL above 3060
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #542,119
  • Aug 12, 2020 3:05am Aug 12, 2020 3:05am
Quoting trumps
{quote} I had big plans for 2774, but Alas, I don't think it's going to happen
If the cable menage to cook a good downtrend we can probably see the 1.2776. Normally i use 3 ema for technical analysis and 1.2776 is where the 50ema is. Statistically it has to be tested at least once per month (with daily setup). Then august normally is the start of the downtrend for gbp, so, looking at the past the odds are for a short. But looking at the past and the statistic is not a guarantee to foresee the future.
Twitter: Rummer_grapes
  • #542,120
  • Aug 12, 2020 3:08am Aug 12, 2020 3:08am
Quoting JayBag
Morning Everyone, I just can't get myself to think we officially bearish (not even for a retrace).. Thing is, MM knows 80% wanna short or already short. Having said that, we can guess what they have in mind.. If anything, we should learn from GOLD. Do you know since when people have been trying to short it just because it's been bullish? well, I guess the charts are telling. Last thing I will give away for free, 2020 will be a highly VOLATILE year. (I know most of us are used to small trend, then retrace.. But that will likely change this year)...
I agree with you, there's still room for more upward movement
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