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Cable Update (GBPUSD)

  • #547,121
  • Sep 9, 2020 8:12am Sep 9, 2020 8:12am
Quoting shahab8b
{quote} maybe this, after 600 pips drop the same as Dec 2019 {image}
This retracement is usually between 500 - 600 pips... So price may have bottomed at 1.2884
Data + Stat + Risk/Emotions Management
  • #547,122
  • Sep 9, 2020 8:17am Sep 9, 2020 8:17am
closed long
Out for today
Attached Image (click to enlarge)
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  • #547,123
  • Sep 9, 2020 8:17am Sep 9, 2020 8:17am
Buyers coming in now. Long @ 12936. Hopefully the correction is over (for now). It's going to be a wild few months coming up!
  • #547,124
  • Sep 9, 2020 8:19am Sep 9, 2020 8:19am
lol see ( another strong finish for me )
  • #547,125
  • Sep 9, 2020 8:21am Sep 9, 2020 8:21am
Quoting buddha-
lol see ( another strong finish for me )
told you

after lots of failure, you were right

never give up
Make money by doing the opposite of Giveachance aka loser
  • #547,126
  • Sep 9, 2020 8:23am Sep 9, 2020 8:23am
Itīs still early, but beautiful candle building on the Daily chart.
Observation is the path to discovery.
  • #547,127
  • Sep 9, 2020 8:23am Sep 9, 2020 8:23am
you too and ur 2 nessus94
  • #547,128
  • Sep 9, 2020 8:23am Sep 9, 2020 8:23am
Quoting SFundamental
{quote} Buy the rumour sell the news is my favourite trade Perhaps its not the most perfect one - as you say the EU will react, so we will have to see what they say Even if they are negative and cable dips - all the news will be out. So will then likely buy.....I know it seems madness but this is way things work Here are some links on it https://www.thebalance.com/what-does...%20or%20event....
Got some nice pips on this + did some Gold trades that I spanked.
Actually prefer Gold as there are more things to consider
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #547,129
  • Sep 9, 2020 8:24am Sep 9, 2020 8:24am
bearish signle in the dx
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yes yes yes
  • #547,130
  • Sep 9, 2020 8:25am Sep 9, 2020 8:25am
i can feel the excitment of all longs underwater with the current rise
Make money by doing the opposite of Giveachance aka loser
  • #547,131
  • Sep 9, 2020 8:25am Sep 9, 2020 8:25am
Quoting Alorente
Itīs still early, but beautiful candle building on the Daily chart.
See daily candle of 3 September 2019
Data + Stat + Risk/Emotions Management
  • #547,132
  • Sep 9, 2020 8:27am Sep 9, 2020 8:27am
On the hot topic of the day.
I watched some TV coverage of Johnson and his ministers, and can tell you with certainty they will not back down. Essentially, this is a declaration of war, as far as negotiations with EU are concerned.
EU cannot do anything else but to resist this. It is simply impossible for a normal political entity to agree to a breach of the signed treaty, especially one that was signed by the same government not a year ago.
They probably will try to be diplomatic at first. They fully understand Johnson's game: he 1) wants no deal if he cannot get full access to Single Market, and he 2) wants to blame "unreasonable" EU for it. But in the end, you can only achieve so much with an unwilling partner. The talks will fail, and then the fun part starts.
Or maybe EU just put the negotiations on hold here and now. That would be a big move.
  • #547,133
  • Sep 9, 2020 8:30am Sep 9, 2020 8:30am
Quoting SFundamental
{quote} Got some nice pips on this + did some Gold trades that I spanked. Actually prefer Gold as there are more things to consider
Worked well for you, in the end, congratulations.
But with this price action, I wonder if it just stop hunt. It may drop like a stone.
  • #547,134
  • Sep 9, 2020 8:30am Sep 9, 2020 8:30am
good job all
yes, gold they did well
  • #547,135
  • Sep 9, 2020 8:30am Sep 9, 2020 8:30am
Quoting Georginson
{quote} See daily candle of 3 September 2019
No need so far just look at lows of 3/08/2020
But yes indeed good track
  • #547,136
  • Sep 9, 2020 8:30am Sep 9, 2020 8:30am
Quoting Georginson
{quote} See daily candle of 3 September 2019
I also like the look of the 4th sept!
  • #547,137
  • Sep 9, 2020 8:31am Sep 9, 2020 8:31am
Quoting Georginson
1.3400/1.3414 tops it for me before correction to 1.2870 within 13 - 25 trade days. No 1.35 before 1.28 still on. * Last time GBPUSD did 4 consecutive months of buying was 2012 January to April (1.5235 - 1.6300) 1065 pips, followed up by 1033 pips decline within 6 weeks (1.6300 - 1.5267) * Now 3 months of consecutive buying from 2020 June to August (1.2250 - 1.3350) 1105 pips * Maximum Yearly range from 2011 - 2019 (excluding 2016 brexit referendum) was 1900 pips which happened in 2018 (1.4375 - 1.2475) * Now 2020 range 1.1409 - 1.3355 = 1946 pips,...
Pin Point accurate...
Data + Stat + Risk/Emotions Management
  • #547,138
  • Sep 9, 2020 8:32am Sep 9, 2020 8:32am
Quoting Georginson
{quote} See daily candle of 3 September 2019
Yes. I was looking at it today. This could be a similar candle. It is still early...
Observation is the path to discovery.
  • #547,139
  • Sep 9, 2020 8:32am Sep 9, 2020 8:32am
Ah, here's the news.
https://www.forexlive.com/news/!/eu-...-bill-20200909
I guess pound will rally... for now.
  • #547,140
  • Sep 9, 2020 8:35am Sep 9, 2020 8:35am
Quoting VM.
Ah, here's the news. https://www.forexlive.com/news/!/eu-...-bill-20200909 I guess pound will rally... for now.
Itīs all for show anyway... The bill has no chance of passing in the House of Lords. Just smoke...
Observation is the path to discovery.
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