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Cable Update (GBPUSD)

  • #547,001
  • Sep 9, 2020 1:19am Sep 9, 2020 1:19am
Quoting JungleLionFx
{quote} 14 month average range completes at 2876 but for this week, we have already exceeded it at 1.3 so anything below 1.3 this week is free cash, but this will change when uk parliament sits to jawbone today (Wednesday)
Weekly range already 317 pips which is overstretched at the moment but maximum weekly Range in the last 10 weeks is 393 which may be matched this week, meaning 1.2875 may be attained.
Data + Stat + Risk/Emotions Management
  • #547,002
  • Sep 9, 2020 1:27am Sep 9, 2020 1:27am
wonder which market will buy it...
since NY 4.9.2020 selling straight
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  • #547,003
  • Sep 9, 2020 1:44am Sep 9, 2020 1:44am
Thought I had better post this before we hit the bet losing 28.
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Compulsions can be hard to resist
  • #547,004
  • Sep 9, 2020 1:46am Sep 9, 2020 1:46am
Quoting Georginson
{quote} Weekly range already 317 pips which is overstretched at the moment but maximum weekly Range in the last 10 weeks is 393 which may be matched this week, meaning 1.2875 may be attained.
i use ATR 14 to get average range
feel free to invite me to your forum, if you have any
  • #547,005
  • Sep 9, 2020 1:50am Sep 9, 2020 1:50am
Quoting trumps
Thought I had better post this before we hit the bet losing 28. {image}
The bull run tried, 1.35 was only a few pips away so you didn't lose your bet.
  • #547,006
  • Sep 9, 2020 1:50am Sep 9, 2020 1:50am
Quoting gatenio
wonder which market will buy it... since NY 4.9.2020 selling straight {image}
british pm boris told a lie at the time of elections, that lie is now unfolding leading to a situation where GBP can fall off the cliff relative to all currencies, a lie so big that no country will trust uk for trade deals

google it and trade safer
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  • #547,007
  • Sep 9, 2020 1:57am Sep 9, 2020 1:57am
  •  sam02
  • | Joined Apr 2014 | Status: Learn and assured of it 2Tim.3:14 | 93 Posts
i am expecting a bounce at 1.28230,bullish will start from there
  • #547,008
  • Sep 9, 2020 2:01am Sep 9, 2020 2:01am
Quoting epzero
{quote} The bull run tried, 1.35 was only a few pips away so you didn't lose your bet.
Well if 1.28 is hit before 1.35 then he did lose his bet. A few pips makes all the difference.
  • #547,009
  • Sep 9, 2020 2:07am Sep 9, 2020 2:07am
Quoting JungleLionFx
{quote} british pm boris told a lie at the time of elections, that lie is now unfolding leading to a situation where GBP can fall off the cliff relative to all currencies, a lie so big that no country will trust uk for trade deals google it and trade safer
CONTROVERSIAL LEGISLATION THAT would override elements of Boris Johnson’s Brexit deal with Brussels and breach international law will be published later today.
feel free to invite me to your forum, if you have any
  • #547,010
  • Sep 9, 2020 2:09am Sep 9, 2020 2:09am
Quoting sam02
i am expecting a bounce at 1.28230,bullish will start from there
pls remove any bounce tot from your head because it will keep dropping
  • #547,011
  • Sep 9, 2020 2:10am Sep 9, 2020 2:10am
Quoting epzero
{quote} The bull run tried, 1.35 was only a few pips away so you didn't lose your bet.
I did lose it, I'm not concerned by such things.
I like the friendly competition.

My only regret is I don't think I will be able to post the bullish rebound I am expecting quite soon (this week, next week at the latest).
It's all good.
Compulsions can be hard to resist
  • #547,012
  • Sep 9, 2020 2:18am Sep 9, 2020 2:18am
  •  sam02
  • | Joined Apr 2014 | Status: Learn and assured of it 2Tim.3:14 | 93 Posts
Quoting epzero
{quote} pls remove any bounce tot from your head because it will keep dropping


we shall see....soon
  • #547,013
  • Sep 9, 2020 2:18am Sep 9, 2020 2:18am
Bulls are trying to organise some counter-attack, helped by risk-on mood (stocks up, oil rebounding). Let's see how far they can go. 40-50 pip retrace would be nice for a sell.
  • #547,014
  • Sep 9, 2020 2:18am Sep 9, 2020 2:18am
Quoting trumps
{quote} I did lose it, I'm not concerned by such things. I like the friendly competition. My only regret is I don't think I will be able to post the bullish rebound I am expecting quite soon (this week, next week at the latest). It's all good.
let's focus on the task at hand , where do you think the market is heading to ? because i don't see any bullish movement anytime soon, we may see a drop like March or even worst
  • #547,015
  • Sep 9, 2020 2:22am Sep 9, 2020 2:22am
Quoting JungleLionFx
{quote} british pm boris told a lie at the time of elections, that lie is now unfolding leading to a situation where GBP can fall off the cliff relative to all currencies, a lie so big that no country will trust uk for trade deals google it and trade safer
thanks for the info.. i dont use fund info usually.
"but no country will trust uk for trade deals" - ??

mm.. are you eating that?
  • #547,016
  • Sep 9, 2020 2:26am Sep 9, 2020 2:26am
Quoting epzero
{quote} let's focus on the task at hand , where do you think the market is heading to ? because i don't see any bullish movement anytime soon, we may see a drop like March or even worst
On the monthly chart, I'm not seeing much support between here and 2750-2630 zone
Compulsions can be hard to resist
  • #547,017
  • Sep 9, 2020 2:26am Sep 9, 2020 2:26am
Quoting epzero
{quote} let's focus on the task at hand , where do you think the market is heading to ? because i don't see any bullish movement anytime soon, we may see a drop like March or even worst
I have the 1.14xx bottom as a major swing low
Compulsions can be hard to resist
  • #547,018
  • Sep 9, 2020 2:29am Sep 9, 2020 2:29am
long 2930
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #547,019
  • Sep 9, 2020 2:32am Sep 9, 2020 2:32am
1.3 maybe due for a retest before more down
Compulsions can be hard to resist
  • #547,020
  • Sep 9, 2020 2:42am Sep 9, 2020 2:42am
Quoting VM.
{quote} There is no chance of that. It will be a first reading of the bill, which is not even accompanied with a debate. Note, however, that there will be Prime Minister's Questions which are likely to be devoted in large part to the same topic. And Johnson is more likely to double down than to back off. https://commonsbusiness.parliament.u...dTextAnchor003
thanks brother
feel free to invite me to your forum, if you have any
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