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Cable Update (GBPUSD)

  • #548,761
  • Sep 17, 2020 9:35am Sep 17, 2020 9:35am
Quoting gatenio
63 pips less the 2 minutes {image}
wow nice pips
  • #548,762
  • Sep 17, 2020 9:35am Sep 17, 2020 9:35am
Quoting gatenio
63 pips less the 2 minutes {image}
im drunk on vaction, less then 1m
  • #548,763
  • Sep 17, 2020 9:37am Sep 17, 2020 9:37am
Quoting FraterRedox
EU’s von der Leyen ‘Convinced’ EU-UK Trade Deal Is Still Possible - FT
is this enough to move 80pips? ahaahaha crazy
Twitter: Rummer_grapes
  • #548,764
  • Sep 17, 2020 9:40am Sep 17, 2020 9:40am
what thatsss ??? what happend ?
  • #548,765
  • Sep 17, 2020 9:42am Sep 17, 2020 9:42am
Expect more of these spikes in days ahead with brexit developments.
Data + Stat + Risk/Emotions Management
  • #548,766
  • Sep 17, 2020 9:42am Sep 17, 2020 9:42am
Wow I was in this trade at 780 exactly. I ended up moving my stop loss to break even +1 just to cover my commission and got stopped out. I jumped on the phone with my trading partner Because we were both done for the day and if I would of kept my initial Stop loss to 10 pips I would of clocked at least 30% of this move. I’m up 45 pips for the day which 10pips is my core so I’m happy but man if I was paying attention. Kudos to the traders that caught this move.
  • #548,767
  • Sep 17, 2020 9:44am Sep 17, 2020 9:44am
Quoting Bacco
{quote} is this enough to move 80pips? ahaahaha crazy
It is. This brexit sh*t ping pong has been going on since 2016. Someone says something, then it is on news/Twitter and GU goes ballistic.
Markets will move to the right.
  • #548,768
  • Sep 17, 2020 9:44am Sep 17, 2020 9:44am
Quoting kuroro001
{quote} 2840/2865 is a low vol area where prices bounced. Its being retested now, watch for activity inside (buyers). Else retest of the lows If bounce? well i'll keep selling rallies
I see i see
  • #548,769
  • Sep 17, 2020 9:44am Sep 17, 2020 9:44am
Of course any politician would say the deal is possible until it failed completely (and sometimes even after that).
That's just an excuse for stop hunting -- I would guess hugely successful, 80 up, 60 down.

Maybe there is some unfinished business above, with the way pound keeps attacking 1.3 level.
  • #548,770
  • Sep 17, 2020 9:45am Sep 17, 2020 9:45am
I closed a GBPJPY Long just about 5 mins before this spike, as I wish to square for the day.
Had I waited 5 mins more....would have had 100 pips GBPJPY in the bag!!!

Anyway, lets not be too greedy.
Come to think of it, earlier on, I was lucky that I closed off a GBPUSD shorts, +100pips worth. If not, all profits would have been erased due to this spike touching trailing stop.

Tomorrow, Quad Witch day.
Next Friday, Quarter end flows.
  • #548,771
  • Sep 17, 2020 9:46am Sep 17, 2020 9:46am
lol i just come back from oil change, and reverse it ( cool n cool my money stay ++++ )
  • #548,772
  • Sep 17, 2020 9:47am Sep 17, 2020 9:47am
Anyone have any idea why there was a spike? That's gonna make a heck of a pin bar on the 60 min chart!

Looking short here at 1.2950
...because you never know - until you do!
  • #548,773
  • Sep 17, 2020 9:51am Sep 17, 2020 9:51am
1.3 in the making
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 09-17-2020 17.50.54_1.jpg Size: 126 KB
yes yes yes
  • #548,774
  • Sep 17, 2020 9:51am Sep 17, 2020 9:51am
Quoting gatenio
{quote} im drunk on vaction, less then 1m
good job man, i totally miss add more down down n one up is solvent
  • #548,775
  • Sep 17, 2020 9:56am Sep 17, 2020 9:56am
Another interesting thing, with my broker the price went to 1.29984 today and to 1.29994 yesterday. I guess it tells you there are a lot of sell orders exactly at 1.3.
  • #548,776
  • Sep 17, 2020 9:58am Sep 17, 2020 9:58am
Quoting VM.
Of course any politician would say the deal is possible until it failed completely (and sometimes even after that). That's just an excuse for stop hunting -- I would guess hugely successful, 80 up, 60 down. Maybe there is some unfinished business above, with the way pound keeps attacking 1.3 level.
This might also shows that GBP pairs are subjected to any stray/casual comments from UK Politicians on the BREXIT issues.
This makes GBP pairs very volatile.
There is no similar reaction from any other Majors. Pure GBP.
  • #548,777
  • Sep 17, 2020 9:58am Sep 17, 2020 9:58am
Quoting gatenio
63 pips less the 2 minutes {image}
very well deserved. you always follow your plan. The spike helped but I know you were trading based on your strategy.
  • #548,778
  • Sep 17, 2020 9:59am Sep 17, 2020 9:59am
i am still bearish as long 4h candle below 1.3020 with TP around 1.2600
  • #548,779
  • Sep 17, 2020 10:00am Sep 17, 2020 10:00am
Quoting epzero
{quote} market isn't going back up it's down and below
Thought GBP wasnt going up??
  • #548,780
  • Sep 17, 2020 10:01am Sep 17, 2020 10:01am
Quoting spatel522
{quote} Thought GBP wasnt going up??
It won´t. Until it will.
Markets will move to the right.
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