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Cable Update (GBPUSD)

  • #545,101
  • Aug 28, 2020 6:38am Aug 28, 2020 6:38am
Quoting navk
dollar is dangerously weak. Better not short this pair today. just leave this. Month end flows may be..
Dollar isn't weak Dollar is dead
  • #545,102
  • Aug 28, 2020 6:50am Aug 28, 2020 6:50am
Attached Image (click to enlarge)
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  • #545,103
  • Aug 28, 2020 6:51am Aug 28, 2020 6:51am
Dollar fights back 100pips drop soon
  • #545,104
  • Edited 7:59am Aug 28, 2020 6:53am | Edited 7:59am
Hello all, got back from hols late yesterday...didn't look at a chart for 3 weeks this time lol ! Spent morning updating supp/res charts 1hr + so now ready to trade again whilst in 2 wks self quarantine....Hope all are well and market has been treating all well.
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A break upside of that 29th Dec weekly prev swing hi to 3284 from last year now and the wkly/mthly prev sw hi to 3515 come into view. Price at the current dly hi @ 23.6% ext of y/day's pip range and 116% of the 113pip 30 day adr....98% of the 13 week awr too.
Trader with an Edge.
  • #545,105
  • Edited 7:10am Aug 28, 2020 6:58am | Edited 7:10am
Dly chart below shows the asc t/lines and price will likely retain a bullish tone at least above the 2nd steepest shown ?
Attached Image (click to enlarge)
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Trader with an Edge.
  • #545,106
  • Aug 28, 2020 7:06am Aug 28, 2020 7:06am
Quoting VM.
My view for the next two months. Would be happy to hear other views. Reasons to go short G/U: - Brexit trade negotiations are entering the endgame, and it won't be pretty: contrary to market expectations, there is no path to a deal; - adding to Brexit, British economy will face another hit with discontinuation of furlough scheme; employers will want to lay off staff in September as scheme comes to an end in October (1 month notice period is standard in the UK); - coronavirus news will probably get better in US, while in UK, there will be a second...
This your kind analysis, though plausible to some, is the reason one can't make a proper trade decision because on the same chart, you are seeing reasons to short and long a pair. There has to be a way to DEFINITELY forecast the direction of a the cable.
when you can accurately predict the future, you leave nothing to chance.
  • #545,107
  • Aug 28, 2020 7:10am Aug 28, 2020 7:10am
the sweet part about cable is that it takes just one candle stick to sell off all this small hourly buys
  • #545,108
  • Aug 28, 2020 7:10am Aug 28, 2020 7:10am
Good morning guys
Good trades to all
Lets see what Ny does
Ill let it run
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  • #545,109
  • Aug 28, 2020 7:11am Aug 28, 2020 7:11am
Quoting epzero
{quote} Dollar isn't weak Dollar is dead
Hmm it has been alot lower
But when u mean dead u mean the credibiliti that dollar has right?
Cus this is not "close" to a dead dollar in my view
  • #545,110
  • Aug 28, 2020 7:13am Aug 28, 2020 7:13am
Eyes to them and they not see...

Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #545,111
  • Aug 28, 2020 7:13am Aug 28, 2020 7:13am
Quoting JayBag
Can the 8 bulls gather here for a quick selfie ?

Here's my short stick selfie of being a bull with what's being left of my teeth after the bear meeting...
Attached Image (click to enlarge)
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Maadik Hugiis. IQ 69.
  • #545,112
  • Aug 28, 2020 7:15am Aug 28, 2020 7:15am
Quoting MoneyZilla
{quote} Here's my short stick selfie of being a bull with what's being left of my teeth after the bear meeting... {image}
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #545,113
  • Aug 28, 2020 7:15am Aug 28, 2020 7:15am
Buying top again

usd is dead

gbp to 1,40 before 1.32
euro 1,25 before 1,17

let it do
Make money by doing the opposite of Giveachance aka loser
  • #545,114
  • Aug 28, 2020 7:15am Aug 28, 2020 7:15am
please what is the likely tp for cable?
  • #545,115
  • Aug 28, 2020 7:17am Aug 28, 2020 7:17am
Weekly below shows the potential res zone up to 3515 = prev sw hi. Hi prob of some sellers waiting there as we get nearer to it ? Very likely a strong bullish close on the weekly unless U.s data and Uk Boe Gvnr bailey have anything to do with it. Upside breech of the weekly asc channel top now.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #545,116
  • Aug 28, 2020 7:18am Aug 28, 2020 7:18am
Quoting owokudi
please what is the likely tp for cable?
Mine is 1.34100 ( in long term or close depends the price ) xD
I think u should have ur own tp brother
  • #545,117
  • Aug 28, 2020 7:19am Aug 28, 2020 7:19am
...price at the current dly hi at 100% of the 13 week awr now, and 119% of the 30 day adr...will Uk Boe Gvnr Bailey have an effect - coming up in less than an hour or so.
Trader with an Edge.
  • #545,118
  • Aug 28, 2020 7:21am Aug 28, 2020 7:21am
At this point, I can only see nearest resistance in 1.3425. Seems unlikely for me, but who knows?
That's on my daily chart, on H4 / H1 only dark sky above.
Seems GU fly to the empty space.




For now, based on my short experience, can only rely on smaller TF to print clues if really want to short.
So far no clue yet. So safe trade for those who think to short.
  • #545,119
  • Aug 28, 2020 7:22am Aug 28, 2020 7:22am
Quoting MoneyZilla
{quote} Here's my short stick selfie of being a bull with what's being left of my teeth after the bear meeting... {image}

this cracked me, I almost fell off my chair.... What a meeting
  • #545,120
  • Aug 28, 2020 7:23am Aug 28, 2020 7:23am
good friday morning all
some of making money, some of losing money
good job
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