Cable Update (GBPUSD)

i didnt say something wrong, just make me funny, i dont care about his trading style, his money his problem.
nobody perfect.

This is not PA. It is a Carnage...

Attached Image (click to enlarge)

ugly pics, it has no place here

please remove it

thank you

Shorted at 1.2860, for a medium term trade.

Month end flows are tricky and may be favourable to dollar or not; on top of that, we have presidential debates, BOE/Fed speeches and a lot of important data points in the next few days. So volatility is expected, and I am the first to admit that cable may gain through it. Still, 1.286 is already too high for GBP in my book. Economically, I see only pain for UK in the coming months (and, in fact, years). One thing that may lift GBP, albeit temporarily, is conclusion of EU trade deal, but even if that happens, it won't be before severe brinksmanship from UK government (possibly even walking out from negotiations), sending G/U lower before possible rally.

On the dollar side, I don't believe in its further weakness. New round of stimulus would be negative of course, but they are talking about it for months now, and so far it failed to materialise. Other than that, I don't see many negatives for USD that are not already priced in, while positioning and possible short squeeze speak for dollar. Not to forget hugely overvalued stocks that may be due for correction.

Talking about technical side of things, stops above 1.29 were hit yesterday, and next resistance at 1.3 is a strong one. So there may be no strong incentive for bulls to go there unless they feel confident 1.3 can be tackled. My stops are placed above 1.305, I think if his level is broken, then 1.32 is likely.

So my plan is, short from here, not to miss an opportunity if GBP moves lower now. If it goes higher to 1.3 area, sell more, however paying close attention to developments around Brexit and US stimulus. If it goes down, lock profit and probably still sell more.

(Sorry for long post, it is mainly for myself, but maybe others would find some ideas useful.)

gatenio, Moty still might have the last laugh...too early to tell...

classic ff ?

you mean u didn't close your buy trades ???????

I see a lot of your charts have a commercial company advertising on them , whats the deal there?

Hi moty

or maybe double top ..

pipfarm, I have no idea...I just take the screenshot from my platform at Oanda broker...never thought about it...how can I remove it?

Use something like windows paint

Oanda posts your charts on "tradingview" and " investing" automatically , hmmmm

Or click PrtSc in keybord and crtl v where it says upload screenshot , then you can crop it

HBN08, thanks...I will use the snipping tool from now...my charts are exclusive for FF...

Just trying to help i dont mind the oanda thing

moved tp to 1.29283.
i wonder where gone the buying poer from yesterday ?
in this price i could get at least half of the account that wiped out

Im on that with small lots

hi coreg,
why not, im 100% not against him, i hope he make his million $ soon.
i didnt say something to offend him even for real i think when it come to manage trades his knowladge equal zero, like i said his problem.

nevermind im taking my word back and im sorry for laughing about his delay between the actual price to his posts. sorry.