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Cable Update (GBPUSD)

  • #548,781
  • Sep 17, 2020 8:01am Sep 17, 2020 8:01am
are we going to see Dollar getting strong soon once we break the neckline !
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  • #548,782
  • Sep 17, 2020 8:02am Sep 17, 2020 8:02am
i think more more up for sure, i will wait till friday close
  • #548,783
  • Sep 17, 2020 8:23am Sep 17, 2020 8:23am
Quoting OxyGen_FX
{quote} 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.
This is of course correct.
However, when markets react to some news which are not new or important by any means, I suspect they follow their own agenda, using news as pretext.
  • #548,784
  • Sep 17, 2020 8:45am Sep 17, 2020 8:45am
What will come first , 1.3 or 1.29?
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yes yes yes
  • #548,785
  • Edited 9:15am Sep 17, 2020 8:49am | Edited 9:15am
..back at desk updating pot supp/res charts...nice moves I missed out on....that prev 1hr/4hr sw hi zone to 3006 - weds hi providing the res again on the strong bounce back up from the post Boe/Mpc low/current lo of the day. Price @ 105% of 30 day adr now and unusually no fib extensions off y/day's pip range bothered by such a daily range. After the 5th HL on 4hr what will be a L now at current daily lo but strong recovery from there so that t/f retains it's bullish tone for now. 4hr is below with provisional new asc t/line.
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Trader with an Edge.
  • #548,786
  • Sep 17, 2020 8:55am Sep 17, 2020 8:55am
Any idea why GBPUSD suddenly spiked up for about in just a minute?
  • #548,787
  • Edited 9:14am Sep 17, 2020 9:01am | Edited 9:14am
Quoting sameer99
Any idea why GBPUSD suddenly spiked up for about in just a minute?

...attributed to comments by some Eu bod about hopes of getting an Eu/Uk deal.

---------------------------------

Very good chance of a bullish weekly candle now because even if we get a strong selling day tomorrow-friday we may still end up with an inverted hammer on the weekly - which in and of itself is still considered a bullish candle.
----------------------------------
...today's daily candle could well end up as some kind of inverted hammer/inverted pinbar/hanging man ? Daily below.
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Trader with an Edge.
  • #548,788
  • Sep 17, 2020 9:08am Sep 17, 2020 9:08am
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yes yes yes
  • #548,789
  • Sep 17, 2020 9:23am Sep 17, 2020 9:23am
Quoting Moty
{image}
i see big drop around 250 pips down as long we remain 4h candles below 1.3020
  • #548,790
  • Sep 17, 2020 9:31am Sep 17, 2020 9:31am
Wow !!!!
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yes yes yes
  • #548,791
  • Sep 17, 2020 9:32am Sep 17, 2020 9:32am
Quoting epzero
{quote} So you didn’t learn anything from all I’ve been saying to you

So,

Where's that big mouth of " the guru", the one that likes to rule the roost ...????
  • #548,792
  • Sep 17, 2020 9:38am Sep 17, 2020 9:38am
The price has retested yesterday's high. My projection is for the pair to continue its bullish moves.
September in the Spotlight
Risk Management is of utmost importance!
  • #548,793
  • Sep 17, 2020 9:42am Sep 17, 2020 9:42am
After 3 wonderful days with a total profit of 1200 $ , came a bad bad day.
When i was long in the morning, the market went down , when i shorted it on the breakdown it spiked.
Total loss for today is 500 $ , what i left after the last withdraw of 361 from 861
yes yes yes
  • #548,794
  • Sep 17, 2020 10:15am Sep 17, 2020 10:15am
Quoting Moty
After 3 wonderful days with a total profit of 1200 $ , came a bad bad day. When i was long in the morning, the market went down , when i shorted it on the breakdown it spiked. Total loss for today is 500 $ , what i left after the last withdraw of 361 from 861
I know you ignore me, but you will learn later to be humble and not arrogant. The market is bigger then fishs like us. sometimes it flows in our direction and sometimes not. You need to know when to release and when to take a profit.
  • #548,795
  • Sep 17, 2020 10:20am Sep 17, 2020 10:20am
Quoting Moty
After 3 wonderful days with a total profit of 1200 $ , came a bad bad day. When i was long in the morning, the market went down , when i shorted it on the breakdown it spiked. Total loss for today is 500 $ , what i left after the last withdraw of 361 from 861
My dear friend, always remember , In no time Do not report your profit .Avoid the evil eye If you believe
  • #548,796
  • Sep 17, 2020 10:39am Sep 17, 2020 10:39am
Quoting BitcoinBoff
{quote} So, Where's that big mouth of " the guru", the one that likes to rule the roost ...????
Yeah this guy (epzero) loves to spread negativity anywhere he can, every comment he makes has some passive aggressive tone to it
  • #548,797
  • Sep 17, 2020 10:41am Sep 17, 2020 10:41am
Quoting Moty
After 3 wonderful days with a total profit of 1200 $ , came a bad bad day. When i was long in the morning, the market went down , when i shorted it on the breakdown it spiked. Total loss for today is 500 $ , what i left after the last withdraw of 361 from 861
Trading without stops is dangerous.
Gold f%cked me up in a similar way last week. I'm still trying to bounce back
  • #548,798
  • Sep 17, 2020 10:47am Sep 17, 2020 10:47am
Quoting Cnvrsn
{quote} Trading without stops is dangerous. Gold f%cked me up in a similar way last week. I'm still trying to bounce back
His margin call is his stop.
  • #548,799
  • Edited 11:20am Sep 17, 2020 10:55am | Edited 11:20am
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yes yes yes
  • #548,800
  • Sep 17, 2020 11:19am Sep 17, 2020 11:19am
Quoting hussin naiji
{quote} My dear friend, always remember , In no time Do not report your profit .Avoid the evil eye If you believe
it's not evil eye , but euphoria and greed and over confidence , and lost of control .
i saw this move coming up , and i didn't get out or put any stop loss
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yes yes yes
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