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Cable Update (GBPUSD)

  • #547,101
  • Sep 9, 2020 7:47am Sep 9, 2020 7:47am
... strong bounce from current dly lo...dly below
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Trader with an Edge.
  • #547,102
  • Sep 9, 2020 7:48am Sep 9, 2020 7:48am
Quoting Georginson
We may have hit weekly and monthly bottom at 1.2884 area...
We may retest the low, but it is not necessary in my view because the whole move down was a retest itself.

If, as I believe this is the low, we may never see the pound close to these levels again. After all, there is only one Brexit... Now we may return GBPUSD to where it should be: 1.50 to 1.70.
Observation is the path to discovery.
  • #547,103
  • Sep 9, 2020 7:49am Sep 9, 2020 7:49am
Quoting Alorente
{quote} We may retest the low, but it is not necessary in my view because the whol move down was a retest itself. If, as I believe this is the low, we may never see the pound close to these levels again. After all, there is only one Brexit... Now we may return GBPUSD to where it should be: 1.50 to 1.70.
Wait for years or decade

And get ready for big drawdown
Make money by doing the opposite of Giveachance aka loser
  • #547,104
  • Sep 9, 2020 7:49am Sep 9, 2020 7:49am
Quoting Alorente
{quote} We may retest the low, but it is not necessary in my view because the whol move down was a retest itself. If, as I believe this is the low, we may never see the pound close to these levels again. After all, there is only one Brexit... Now we may return GBPUSD to where it should be: 1.50 to 1.70.
We may return to 1.3680 level this year... Then next year can have 1.43 level
Data + Stat + Risk/Emotions Management
  • #547,105
  • Sep 9, 2020 7:49am Sep 9, 2020 7:49am
Quoting Alorente
{quote} We may retest the low, but it is not necessary in my view because the whole move down was a retest itself. If, as I believe this is the low, we may never see the pound close to these levels again. After all, there is only one Brexit... Now we may return GBPUSD to where it should be: 1.50 to 1.70.

and in the event of either or both a brexit no-deal and/or covid 2nd wave/ further lockdown measures?
Trader with an Edge.
  • #547,106
  • Sep 9, 2020 7:50am Sep 9, 2020 7:50am
50 pips in 1 min??!?!? what happened?
Twitter: Rummer_grapes
  • #547,107
  • Sep 9, 2020 7:52am Sep 9, 2020 7:52am
Quoting Headland
{quote} and in the event of either or both a brexit no-deal and/or covid 2nd wave/ further lockdown measures?
Both of those are discounted in my view.
Observation is the path to discovery.
  • #547,108
  • Sep 9, 2020 7:53am Sep 9, 2020 7:53am
https://edition.cnn.com/2020/09/09/u...gbr/index.html
be patient
  • #547,109
  • Sep 9, 2020 7:53am Sep 9, 2020 7:53am
In my opinion its time to go long in GBP.
  • #547,110
  • Sep 9, 2020 7:53am Sep 9, 2020 7:53am
Quoting Bacco
50 pips in 1 min??!?!? what happened?
Maybe George Soros bought the pound...
Observation is the path to discovery.
  • #547,111
  • Sep 9, 2020 7:54am Sep 9, 2020 7:54am
Quoting greengp
sl 1.28441 long
profit booked at 1.29492
  • #547,112
  • Sep 9, 2020 7:54am Sep 9, 2020 7:54am
Quoting Alorente
{quote} Maybe George Soros bought the pound...
Good joke.
  • #547,113
  • Sep 9, 2020 7:55am Sep 9, 2020 7:55am
Sold
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  • #547,114
  • Sep 9, 2020 7:55am Sep 9, 2020 7:55am
Quoting Alorente
{quote} Maybe George Soros bought the pound...
maybe this, after 600 pips drop the same as Dec 2019
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  • #547,115
  • Sep 9, 2020 7:55am Sep 9, 2020 7:55am
Quoting Alorente
{quote} That is good to know. Where do you get the GBP Index chart?
lifeforex mt4
  • #547,116
  • Sep 9, 2020 7:55am Sep 9, 2020 7:55am
up up and away
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yes yes yes
  • #547,117
  • Sep 9, 2020 7:57am Sep 9, 2020 7:57am
SL=BE hit on previous position. Sold the spike at 1.297, I usually sell the spikes like these if I don't understand them and they go against the trend. SL now at BE, let's see if another spike will come.
  • #547,118
  • Sep 9, 2020 8:00am Sep 9, 2020 8:00am
4hr below. Doji/spinning to close.
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Trader with an Edge.
  • #547,119
  • Sep 9, 2020 8:01am Sep 9, 2020 8:01am
Quoting HBN08
Sold {image}
Closed +30
  • #547,120
  • Sep 9, 2020 8:06am Sep 9, 2020 8:06am
Long Setup Formed During London Open & H4 Close
The short positions still running and move your stop at London high
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