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Cable Update (GBPUSD)

  • #545,081
  • Aug 28, 2020 5:12am Aug 28, 2020 5:12am
The moment we have Daily close above 1.32961, that’s the last RES for bears.. If we get that close, it will become a support for further wave UP..

I am paying attention to this handle
StaySafe
  • #545,082
  • Aug 28, 2020 5:14am Aug 28, 2020 5:14am
Quoting Georginson
{quote} There is nothing wrong with your pattern mate, the price has been weird in the past two months as things are not really adding up. It is a freestyle system if trading that works these past two months which doesn't necessarily mean that your system will still not work again. Now to the question, I looked deeply into the weekly chart to gather data about LONGEST/MOST bullish run from weekly perspective since 2011 till date and discovered: 10/12/2017 to 21/01/2018 being 7 weeks 1.3300 - 1.4344 which is 1044 pips. After this run price fell from...
You said right mate, but at the moment these are only assumptions, better to trade what we see.

Current moment is driven only by dollar weakness. Usd has been loosing ground even with mexican pesos and brasil real.

We have to wait until market has digested this dollar weakness and is ready for a bounce.

I guess we can get a push (up or down) from brexit news and negative interest rates form Bank of England (watch out today speech), but last week even with the bad news from brexit negotiations price went down 1 day (fundamentally was a good excuse for retracement) and bounced up again, lets see next month.
Twitter: Rummer_grapes
  • #545,083
  • Aug 28, 2020 5:46am Aug 28, 2020 5:46am
Inserted Video
Twitter: Rummer_grapes
  • #545,084
  • Aug 28, 2020 5:50am Aug 28, 2020 5:50am
We can cry and blame the market for what ever reasons but what I found funny and interesting is that the are traders who are loading their pockets , if you are one of those trader's I salute you are a real trader.
BARAK
  • #545,085
  • Aug 28, 2020 5:53am Aug 28, 2020 5:53am
Quoting Stefan90csk
Retailers with 500-1000$ accounts are trying to help recover one of the biggest economies with 0.05-0.10 lots positions... I wonder how many of you even read what is going on around the world before going into your so called - "it will not go there, it will not cross this" predictions. Educate guys, not everything is written on the chart.
Wise words, we'll taken
Le$$ I$ More
  • #545,086
  • Aug 28, 2020 5:53am Aug 28, 2020 5:53am
Quoting knkie
{quote} if you follow the thread you should know what i mean. lets leave it there for now. the theme will re-occur of itsself in the next few days, it always does lol
Very prophetic
Compulsions can be hard to resist
  • #545,087
  • Aug 28, 2020 5:55am Aug 28, 2020 5:55am
why did this annoying cable not get to 1.33 , i have a sell pending
  • #545,088
  • Aug 28, 2020 6:01am Aug 28, 2020 6:01am
Quoting Almo2312
{quote} I have gut feeling we will break the 1.33 today. Green pips all.
Well..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #545,089
  • Aug 28, 2020 6:01am Aug 28, 2020 6:01am
Got a bad feeling. Gu going super drop.
  • #545,090
  • Aug 28, 2020 6:10am Aug 28, 2020 6:10am
Sell Zone for the day reached any failed push then down we go

Pending short @ 33110 sl 50 tp 160pips
Keep the Lights on then you can catch the rise from the dark.
  • #545,091
  • Aug 28, 2020 6:13am Aug 28, 2020 6:13am
USDX still dont want to retrace
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  • #545,092
  • Aug 28, 2020 6:16am Aug 28, 2020 6:16am
Not even I thought last week's candle would be taken out so quickly.
Compulsions can be hard to resist
  • #545,093
  • Aug 28, 2020 6:25am Aug 28, 2020 6:25am
Can the 8 bulls gather here for a quick selfie ?
  • #545,094
  • Aug 28, 2020 6:27am Aug 28, 2020 6:27am
Trade safe, guys. Very strange and volatile times
I never thought Yen pairs can sink like this. !

If I am not wrong, USDJPY drop (aka USD weakens against Yen) magnify the already dovish sentiments of USD by Fed Chair, resulting in now Majors massive rally.
I read in CNA news that some of the Japan potential PM candidates are very against low rates.
Maybe that's why Yen traders are freaking out. Yen may no longer be low rates funding currency under these candidates?

If Yen pairs can sink like this, well, so can........?
Dangerous times.
  • #545,095
  • Aug 28, 2020 6:27am Aug 28, 2020 6:27am
Quoting JayBag
Can the 8 bulls gather here for a quick selfie ?
I still have longs going from 1.25xx.
Does that count??
Compulsions can be hard to resist
  • #545,096
  • Aug 28, 2020 6:33am Aug 28, 2020 6:33am
Quoting trumps
{quote} I still have longs going from 1.25xx. Does that count??
Mos definitely.. that makes us 9.. Please come closer for a quick shot.. My selfie stick is not that long
  • #545,097
  • Aug 28, 2020 6:33am Aug 28, 2020 6:33am
Quoting JayBag
Can the 8 bulls gather here for a quick selfie ?
You have my user pic this is me
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #545,098
  • Aug 28, 2020 6:36am Aug 28, 2020 6:36am
dollar is dangerously weak.

Better not short this pair today.

just leave this.

Month end flows may be..
Intraday only.
  • #545,099
  • Aug 28, 2020 6:36am Aug 28, 2020 6:36am
Quoting JayBag
{quote} Mos definitely.. that makes us 9.. Please come closer for a quick shot.. My selfie stick is not that long
Compulsions can be hard to resist
  • #545,100
  • Aug 28, 2020 6:37am Aug 28, 2020 6:37am
Quoting SCopier
USDX still dont want to retrace {image}
This will be a long way down. I dont think USD will recover that fast.
Infaltion will grow with zero interest. Prices are increasing etc ...
House of cards could collapses, the difference between rich and poor is growing fast.

my trades from yesterday and today, happy weekend
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