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Cable Update (GBPUSD)

  • #546,601
  • Sep 7, 2020 3:18am Sep 7, 2020 3:18am
I say to those waiting for the gap from Friday close to be filled that GU might go back to around 1.3280 but that is not to fill the gap because market don't need to always fill the gap at exact price.
Some brokers have high for today 1.3265, others 1.3270, that is close enough to Friday close.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #546,602
  • Sep 7, 2020 3:18am Sep 7, 2020 3:18am
Quoting JayBag
{quote} I have 1.32033 as a base for 1.37.. The more we rebound there, higher chance of archiving the top .. Let’s give it time mate.. SS
eat n enjoy this mate
just for a cup of coffee...
  • #546,603
  • Sep 7, 2020 3:19am Sep 7, 2020 3:19am
Quoting knkie
{quote} yes i agree all the UK has to do is say "no more fishing in our waters" and the EU will be in trouble.
How big is the fishing industry in the EU?
WT
  • #546,604
  • Sep 7, 2020 3:21am Sep 7, 2020 3:21am
Quoting Bartosz77
{quote} How big is the fishing industry in the EU?
Shrinking by the second as Mediterranean over fished and not restocking it
Don't Leave Money on the Table
  • #546,605
  • Sep 7, 2020 3:25am Sep 7, 2020 3:25am
Quoting Bartosz77
{quote} How big is the fishing industry in the EU?
there are quite alot of factors.
Not just who gets to fish where but where the fish can be sold.
The impact on France, Belguim, Netherlands and Scandanavian countries would be large.

This site goes in depth:
https://ec.europa.eu/fisheries/facts_figures_en
in wondering about yourself, you forgot what you came here to be part of
  • #546,606
  • Sep 7, 2020 3:25am Sep 7, 2020 3:25am
My first short entered
Attached Image (click to enlarge)
Click to Enlarge Name: GU.gif Size: 44 KB
  • #546,607
  • Sep 7, 2020 3:25am Sep 7, 2020 3:25am
Quoting akim0895
{quote} so.. deal or no deal rumors does not shaking market much same like past.. market already notice those story.. market only waiting for comformation..
I agree that market does not react to Brexit news in the same way as before, actually I had a post on this just yesterday.
https://www.forexfactory.com/thread/...3#post13151513

The issue is, the market sort of stopped reacting to _any_ negative news about UK. My guess is, it will suddenly "remember" all of these news when it decides to drop pound. But I would be interested to hear your view.
  • #546,608
  • Sep 7, 2020 3:26am Sep 7, 2020 3:26am
Quoting nessus94
{quote} Should i go with all my equity then? because its sure we go to 91.50
why do u go all in ? what if i am wrong u will be out from forex market

just trade normal the market will not disappear we have new chances always
  • #546,609
  • Sep 7, 2020 3:28am Sep 7, 2020 3:28am
Quoting msniper
{quote} why do u go all in ? what if i am wrong u will be out from forex market just trade normal the market will not disappear we have new chances always
because you look so sure, so it worth betting the house ?

Make money by doing the opposite of Giveachance aka loser
  • #546,610
  • Sep 7, 2020 3:35am Sep 7, 2020 3:35am
Quoting msniper
{quote} why do u go all in ? what if i am wrong u will be out from forex market just trade normal the market will not disappear we have new chances always
Wait for it msniper, the troll is reeling you in...
Attached Image (click to enlarge)
Click to Enlarge Name: dont-feed-the-troll.jpg Size: 97 KB
Don't Leave Money on the Table
  • #546,611
  • Sep 7, 2020 3:37am Sep 7, 2020 3:37am
Quoting HaLBot
{quote} Wait for it msniper, the troll is reeling you in... {image}
Don't worry, i won't after you
You don't catch my interest, or maybe to trade your opposite side
Make money by doing the opposite of Giveachance aka loser
  • #546,612
  • Sep 7, 2020 3:39am Sep 7, 2020 3:39am
Quoting nessus94
{quote} Don't worry, i won't after you You don't catch my interest, or maybe to trade your opposite side
Yes trade my opposite as you can see doing very poorly here
Don't Leave Money on the Table
  • #546,613
  • Sep 7, 2020 3:39am Sep 7, 2020 3:39am
3230 S may have become R. If so, I'm f%d
Emotional Control. Process, not outcome.
  • #546,614
  • Sep 7, 2020 3:45am Sep 7, 2020 3:45am
Quoting knkie
{quote} there are quite alot of factors. Not just who gets to fish where but where the fish can be sold. The impact on France, Belguim, Netherlands and Scandanavian countries would be large. This site goes in depth: https://ec.europa.eu/fisheries/facts_figures_en
You really think that EU would forfeit access to its Single Market for the sake of fisheries?
No access to British waters is a short-term problem, and given the size of this economy sector, won't cost that much even if all fishermen in Europe become unemployed.
Access to Single Market will be for a very long time, and will send the message to all EU countries that you may exit EU and hold it to ransom over some small economic issue, and to all other countries, that EU is "weak".
It just won't happen.
  • #546,615
  • Sep 7, 2020 3:47am Sep 7, 2020 3:47am
Quoting HaLBot
{quote} Wait for it msniper, the troll is reeling you in... {image}
just for a cup of coffee...
  • #546,616
  • Sep 7, 2020 3:50am Sep 7, 2020 3:50am
Many people are just trading candle stick , they see it selling and start to sell , they see it buying and jump inside , trend is a sell but people will never listen , so many will get hurt
  • #546,617
  • Sep 7, 2020 3:51am Sep 7, 2020 3:51am
Quoting msniper
{quote} i just hope USDJPY doesnt crash hard lol. . .
USDJPY needs to sell until 105.66 - 104.4X level before buyers will get interested.
  • #546,618
  • Sep 7, 2020 3:51am Sep 7, 2020 3:51am
i guess GU wanna test 1.3180 before the real bounce

i would change my view only if we get 4h candle close below 1.3150
Attached Image (click to enlarge)
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  • #546,619
  • Sep 7, 2020 3:51am Sep 7, 2020 3:51am
Quoting epzero
Many people are just trading candle stick , they see it selling and start to sell , they see it buying and jump inside , trend is a sell but people will never listen , so many will get hurt
Don't say we are going down, you'll be a troll if so
you are going against "the best traders" of the forum
Make money by doing the opposite of Giveachance aka loser
  • #546,620
  • Sep 7, 2020 3:52am Sep 7, 2020 3:52am
Quoting SFundamental
For me a sell - pulled back to fair value after the London close... Neg news over the weekend - re Brexit, ECB etc... Lets see what risk etc.... thinks
This is why I love fundamentals - big moves.
Also am long EURGBP
Look ahead, Macro=Direction, Levels & Structure = Entry
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