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Cable Update (GBPUSD)

  • #548,161
  • Sep 14, 2020 4:26pm Sep 14, 2020 4:26pm
Quoting Nightowl96
gbp/usd shorted for several bilions! Just now! {image}
#FakeNews
  • #548,162
  • Sep 14, 2020 5:01pm Sep 14, 2020 5:01pm
wtf wtf going thru the rooffffff
  • #548,163
  • Sep 14, 2020 5:02pm Sep 14, 2020 5:02pm
Still a chance that the market swings back. We had to hold 1.2780 which we did today, lets see what happens tomorrow. A closing below 1.2780 will signal that the high is in place for now.

Over all I think the market still turns down but only after October.
  • #548,164
  • Sep 14, 2020 5:10pm Sep 14, 2020 5:10pm
Quoting VM.
Took a short at 1.2899; stop 110 pips (for now), target open (for now). I feel that in spite of buoyant risk mood today, almost 1% gain against dollar is sort of a stretch for GBP. I understand technical reasons behind it, but fundamentally, the market is still too optimistic about UK prospects on multiple fronts, and selling spikes looks like a good idea to me. There is also a Commons vote later today, which, unless I am very much mistaken, will be won by government. Market may react to it (even though the vote is not that important), or start...
Took 50 pips, I guess it may go both ways from here.
Also, important data point at 7am London time tomorrow (June unemployment change).
  • #548,165
  • Sep 14, 2020 5:11pm Sep 14, 2020 5:11pm
Quoting Roszey
{quote} where is the source of your info? please do share thanks
More FUD
be patient
  • #548,166
  • Sep 14, 2020 5:52pm Sep 14, 2020 5:52pm
Quoting Roszey
{quote} where is the source of your info? please do share thanks
In the interbank FX marketplace.
LOVE
  • #548,167
  • Sep 14, 2020 5:52pm Sep 14, 2020 5:52pm
Quoting Nightowl96
{quote} It is on my screen.
#FakeNews
  • #548,168
  • Sep 14, 2020 6:00pm Sep 14, 2020 6:00pm
i think gbpusd goes up till 1.37 during this month
  • #548,169
  • Sep 14, 2020 6:08pm Sep 14, 2020 6:08pm
Quoting Nightowl96
{quote} In the interbank FX marketplace.
#FakeNews normal traders dont have access to that! Only high value, Tier 1 traders have access to that kind of information, no one is working for Tier 1 bank and fx trading here, i suspect there are laws against that.
  • #548,170
  • Sep 14, 2020 7:39pm Sep 14, 2020 7:39pm
Quoting OnlineAddict
{quote} What about House of Lords, if it passes House of Commons?
Boris won the vote by over 70 ,you can see his resolve is very high from his words .He will not back down from this law,
He accused the Eu of being the unreasonable ones.
House of Lords cannot stop it only advise back to parliament
they're not elected, and don't have the power.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #548,171
  • Sep 14, 2020 7:48pm Sep 14, 2020 7:48pm
I think the weekly will break in next day-s then its game over for weekly direction
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #548,172
  • Sep 14, 2020 7:52pm Sep 14, 2020 7:52pm
Quoting Bones
I think the weekly will break in next day-s then its game over for weekly direction
follow the numbers not the news. That old saying buy the story sell the news is a thing to follow. Always eats people up.
  • #548,173
  • Sep 14, 2020 7:55pm Sep 14, 2020 7:55pm
This daily highlighted is significant ,because thats how it broke the monthly down ,its bearish under its high
Attached Image (click to enlarge)
Click to Enlarge Name: 1 GBPUSD-Daily.png Size: 47 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #548,174
  • Sep 14, 2020 7:57pm Sep 14, 2020 7:57pm
I am still avoiding GBPs as I think I do not have the experience to chase such strong trends
Also, I believe GBPs are still being hounded and chased by BREXIT issues, which I am not familiar in its day to day details.
  • #548,175
  • Sep 14, 2020 8:01pm Sep 14, 2020 8:01pm
Quoting spatel522
{quote} follow the numbers not the news. That old saying buy the story sell the news is a thing to follow. Always eats people up.
thats a technical outlook
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #548,176
  • Sep 14, 2020 8:03pm Sep 14, 2020 8:03pm
cor blimey mate ,that opens not going to hold the week
Attached Image (click to enlarge)
Click to Enlarge Name: 1 GBPUSD-Weekly.png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #548,177
  • Sep 14, 2020 8:05pm Sep 14, 2020 8:05pm
Quoting Bones
{quote} thats a technical outlook

you could be right but I’m not shorting until it surpasses 1.2780. That’s what it needs to close below to say the uptrend is over.

Markets are crazy, they can change in a heartbeat.
  • #548,178
  • Sep 14, 2020 8:11pm Sep 14, 2020 8:11pm
Quoting spatel522
{quote} you could be right but I’m not shorting until it surpasses 1.2780. That’s what it needs to close below to say the uptrend is over. Markets are crazy, they can change in a heartbeat.
uptrend is finished ,no doubt whatsoever
whatever happens next ,monthly tells you today
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #548,179
  • Sep 14, 2020 8:26pm Sep 14, 2020 8:26pm
Quoting Bones
{quote} uptrend is finished ,no doubt whatsoever whatever happens next ,monthly tells you today
let’s see what happens today! I think the weekly trend is up, partially cus it’s oversold partially because it’s not close below 1.2780. But I could be wrong, only time will tell.

During the pandemic crisis in March the market over reacted on a monthly basis too, and recovered.
  • #548,180
  • Sep 14, 2020 8:30pm Sep 14, 2020 8:30pm
Quoting spatel522
{quote} let’s see what happens today! I think the weekly trend is up, partially cus it’s oversold partially because it’s not close below 1.2780. But I could be wrong, only time will tell. During the pandemic crisis in March the market over reacted on a monthly basis too, and recovered.
you can't recover a monthly thats high in the curve ,it's not the same at all
On-site guru & also FF member's' psychiatrist, when not drinking tea
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