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Cable Update (GBPUSD)

  • #550,941
  • Oct 2, 2020 1:06am Oct 2, 2020 1:06am
Quoting okanemici
{quote} Check the dollar index, it made a spike up in 4h chart and dropped from there. It will continue down. I have 1.2845 for a reason and PA was powerful there. Above 1.2895 it will be wonders again.
temporary resistance.
it will go up today
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yes yes yes
  • #550,942
  • Oct 2, 2020 1:06am Oct 2, 2020 1:06am
Trump tested positive for COVID 19, let's see what impact it has on the market.
  • #550,943
  • Oct 2, 2020 1:11am Oct 2, 2020 1:11am
Think it will gonna wild today on my view 50:50
  • #550,944
  • Oct 2, 2020 1:11am Oct 2, 2020 1:11am
Quoting Georginson
{quote} September closing price above 1.2900 has invalidated my bias of 1.2570 area. I do not have firm believe in the downward momentum anymore as September gave almost 250 pips retracement from Low. Please do not follow my bearish bias post as I'm now neutral for the short term but my medium term view is still focused on 1.3270 area in weeks ahead and 1.36 area in months ahead. The key lesson in my 13 years trading experience is to avoid overly Strong bias and stay in tune with what the market is trying to hide or tell you. Please trade with utmost...
I think we are heading a bit lower George.
I'm not too sure about 2570

But lower nevertheless
Compulsions can be hard to resist
  • #550,945
  • Oct 2, 2020 1:17am Oct 2, 2020 1:17am
Quoting Moty
{quote} temporary resistance. it will go up today {image} {image}
I bet dollar index will continue drop Moty

Pound gold silver all ready for a big attack
  • #550,946
  • Oct 2, 2020 1:23am Oct 2, 2020 1:23am
Quoting okanemici
{quote} I bet dollar index will continue drop Moty Pound gold silver all ready for a big attack
I believe the opposite.....gold is due for a correction in Oct, but silver might be steady to higher in order to close the ratio between these two metals.
We'll see.
Lost....
  • #550,947
  • Oct 2, 2020 1:23am Oct 2, 2020 1:23am
The October surprise is here – President Donald Trump and his wife Melania tested positive for COVID-19. The leader of the world's most powerful tested country announced the news on Twitter and was tested after his adviser Hope Hicks also contracted coronavirus.
The bombshell news has sent stocks falling and the dollar higher – and for three good reasons, that could continue pushing it lower.
  • #550,948
  • Oct 2, 2020 1:37am Oct 2, 2020 1:37am
i was suspect it will retrace , but didn't followed
any way , the drop is coming.
take cover
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yes yes yes
  • #550,949
  • Oct 2, 2020 1:44am Oct 2, 2020 1:44am
Quoting okanemici
{quote} Check the dollar index, it made a spike up in 4h chart and dropped from there. It will continue down. I have 1.2845 for a reason and PA was powerful there. Above 1.2895 it will be wonders again.
momentum is bearish
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yes yes yes
  • #550,950
  • Oct 2, 2020 1:46am Oct 2, 2020 1:46am
Quoting epzero
The October surprise is here – President Donald Trump and his wife Melania tested positive for COVID-19. The leader of the world's most powerful tested country announced the news on Twitter and was tested after his adviser Hope Hicks also contracted coronavirus. The bombshell news has sent stocks falling and the dollar higher – and for three good reasons, that could continue...

Here is something deeply fake...
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https://twitter.com/maddie52092491/s...964224518?s=21

while... this seems not...
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https://twitter.com/realdonaldtrump/...680014849?s=21
Maadik Hugiis. IQ 69.
  • #550,951
  • Oct 2, 2020 1:54am Oct 2, 2020 1:54am
eg is awoken , gu is going down
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yes yes yes
  • #550,952
  • Oct 2, 2020 1:55am Oct 2, 2020 1:55am
Bought 1.2860 for 50.

Green pips all.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #550,953
  • Oct 2, 2020 1:58am Oct 2, 2020 1:58am
Took a short at 1.288. Stop 200 pips, to allow for fake headlines.

I am still pessimistic on Brexit, I don't think there will be anything close to an agreement today. (I may be wrong of course, will reassess the trade if there is a big step towards a deal.) And on the dollar side, we have lack of US stimulus and corona for Trump, both significant risk-off developments.
  • #550,954
  • Oct 2, 2020 2:02am Oct 2, 2020 2:02am
Quoting Almo2312
Bought 1.2860 for 50. Green pips all.
good luck , i don't like it that you against my view .
but i feel very confidence with my position
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yes yes yes
  • #550,955
  • Oct 2, 2020 2:06am Oct 2, 2020 2:06am
Quoting Moty
{quote} good luck , i don't like it that you against my view .
Gone at the days when people here use to be on the opposite side of moty now everyone has to be in same direction otherwise!
Keep the Lights on then you can catch the rise from the dark.
  • #550,956
  • Edited 2:29am Oct 2, 2020 2:06am | Edited 2:29am
Triangle pattern from yesterday played out very nicely for the short.

Lets see what today holds for us as the daily is up and now the 4 hour is down , will look for more shorts but bear in mind that the daily up could resume rather swiftly at nfp.

That 61.8 fib area which is the retrace down to around 2780 is the likely overall target as it is also the old resistance now support


Sell 4h rallies using the 60 minute for entry
Follow The Markets Structure - Patience and Discipline
  • #550,957
  • Oct 2, 2020 2:07am Oct 2, 2020 2:07am
M5
solled @ 1.2868
atb vvm
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PA Trading with EMAs & common Sense
  • #550,958
  • Oct 2, 2020 2:12am Oct 2, 2020 2:12am
I was too early to short and now short 1.28686
  • #550,959
  • Oct 2, 2020 2:13am Oct 2, 2020 2:13am
Quoting ricmaj
{quote} Gone at the days when people here use to be on the opposite side of moty now everyone has to be in same direction otherwise!
i don't blame them.
lately you can see i am not block headed .
i open my mind , and usually listen to the market and go with the trend , and not trying to catch a reversal .
even today it is kind of reversal but the bigger time frame still bearish so it is ok.
yes yes yes
  • #550,960
  • Oct 2, 2020 2:14am Oct 2, 2020 2:14am
Quoting greengp
i was too early to short and now short 1.28686
sl 1.29048 if it pass through long with large qty
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