Cable Update (GBPUSD)

This person has the biggest ego. He always laughed at Mochi, saying about him - "fool", "unteachable", etc. He called himself a genius and constantly trolled Moti. A little less than a month has passed and what do I see?



he seems to have read his book

And Moty

As they say in Russia:
laughs well that one - who laughs last)

The moral is, don't wear a crown and don't think you're better than others.

He must have forgotten he had that info on display for all to see.

Possible Setup for a small retracement or maybe a setup for NFP?

THE POUND REMAINS HIGHLY VULNERABLE –
DESPITE RECENT GAINS

Sep 2, 2020, 1:41 pm

The pound remains highly vulnerable – despite rising sharply in recent days – and families
and investors need to avoid complacency about possible significant drops, warns the CEO
of one of the world’s largest independent financial advisory organizations.

An Impressive Run

The warning from Nigel Green, CEO and founder of deVere Group, comes as the pound
sterling hits a 12-week high against the euro and new yearly highs against the U.S. dollar.

Mr Green says: “The pound has been on a pretty impressive run lately as investors’ appetite
for risk has improved, supported in part by stronger than expected data.

“However, it’s essential that a close eye is kept on the trajectory of the pound as they could
be caught off guard if their investment portfolio is not properly diversified.

“Right now, complacency should be avoided amid real and growing concerns that a sell-off could
be on the horizon.”

He continues: “The threat of major tax hikes being announced in the UK’s Budget in November,
and the stalled Brexit trade negotiations, which are really up against the clock now, are important
reasons to remain cautious on the pound.

“Also, the UK started the pandemic with government debt at a higher level than many
other G10 nations. This has grown considerably due to the fiscal support required to
protect the economy during the lockdown.

“Against this backdrop, there are valid questions on the longer-term sustainability of the
pound’s outperformance so far this quarter.”

A Drop In Pound's Value Will Reduce People’s Purchasing Power

A significant drop in the value of the pound would contribute to reducing people’s
purchasing power in the UK and a drop in living standards, observes Mr Green.

“Weaker sterling means imports are more expensive, with rising prices being passed
on to consumers.

“The fall in the pound is good for exports some claim, but it must be remembered that
around 50% of UK exports rely on imported components. These will become more
expensive as the pound falls in value.

“A low pound is, of course, bad news for British holidaymakers and travellers going abroad,
and also ex-pats who receive UK pensions or income from Britain.”

He adds: “In addition, one of the UK’s most important sectors, financial services, will suffer from
another knock to the pound because it is built on foreign investment that puts its faith in a
strong pound.”

The deVere CEO concludes: “The pound is highly vulnerable with major issues looming that could
affect its value.

“These need to be monitored to mitigate risks and to take advantage of the opportunities when they arise.”

https://www.valuewalk.com/2020/09/po...ly-vulnerable/

GU may target a retrace toward 1.3400-20 for a good short..

***If this is not done with today candle then bulls are in real weak position than expected ahead of NFP.

The market is getting ready to sell again

the market is getting ready to buy again.

ha..ha..

Buy direction trade is preferable.

3350 to 3450

or

3320 to 3450 today

only for me.

The Dollar is still very strong and the bounce was 4hrs 100ma but anything is possible

this is gonna be a beautiful sell and i entered at the perfect timing

WOW, just the other day he was only down 4K so had roughly 8K left, this is what happens to smart arses, they end up losing....

Someone else here who's trolling like crazy should take note and grow up a little. Their not impressing anyone just showing a lack of maturity....

Hey
Usdix with some gap

I was not aware of this hate campaign because I am ignoring his posts so do not read them.
It's just a shame that people engage in nonsense instead of helping each other earn money.
And in another tone, come on and fu*k those crooks today too.
for 52 pips

Dude...posting the link alone is enough.

Asia opens, no reaction on the downside.
Good morning to Asian traders, or those who also trade Asia hours.

Going Long GU. Just a scalp trade, not aiming for 1.35. Small position.
This type of price action is the hardest for me.
Price had big moves and then retraced a bit.....now...buy dips or sell rallies???
Will just place small positions to scalp, not to over commit, as NFP is tmr.

Going Long based on this perspective shown in the chart below. Will escape if it drops.

Dx broke its yesterday high
Waiting for the gu to do the same

After bulls clearly looking very weak to target 1.34, GU seems gonna pay a visit to 1.3260s and possibly 1.3220s
Like I said before..the deeper the dip..not NFP not anyone gonna help Gbp rise from its tragedy

Decided to close GU Long now at -10pips.
Price took too long to do any retracements. Will wait for Europe session to see whats going on.