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Cable Update (GBPUSD)

  • #552,661
  • Oct 13, 2020 5:09am Oct 13, 2020 5:09am
Quoting epzero
{quote} what will make the pounds stronger if i may ask? because there's no more money generated from watching match at stadium
Is not about stronger pound, but weaker dollar.

Since march usd lost value against:
Mxn
Zar
Brl
Eur
Gbp

Is their economy better than usa? Dont think so. At the moment is risk on environment. Equity up, comodities up, risk currencies up. This is what market is doing

But i you ask me what i think about, i would say that of course, gbp should be weaker, and i have a negative view for the future, the worse has to come, probably we ll see the effects in the coming years.

But you know, to be right you need to have the correct view at the correct moment.

And look, news of few minutes ago: EU's Barnier reportedly told EU ministers that movement in Brexit talks not sufficient so far

Not even spike down, for me this thing wants to go up
Twitter: Rummer_grapes
  • #552,662
  • Oct 13, 2020 5:12am Oct 13, 2020 5:12am
Quoting Bacco
{quote} Is not about stronger pound, but weaker dollar.
We are going over this every week...GU is driven by the pound, not by the dollar. You don't ever have to check the dollar chart to trade GU...EU is driven by the dollar and euro 50/50, but the pound couldn't care less what the dollar value is.
Everyone can see the chart, but only a few can actually read it.
  • #552,663
  • Oct 13, 2020 5:13am Oct 13, 2020 5:13am
Hope the price will reach the demand area.
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  • #552,664
  • Oct 13, 2020 5:14am Oct 13, 2020 5:14am
took long
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yes yes yes
  • #552,665
  • Oct 13, 2020 5:16am Oct 13, 2020 5:16am
Quoting OnlineAddict
{quote} We are going over this every week...GU is driven by the pound, not by the dollar. You don't ever have to check the dollar chart to trade GU...EU is driven by the dollar and euro 50/50, but the pound couldn't care less what the dollar value is.
So could you please explain me why if dxy is going up, gu is going down and if dxy is going down, gu is going up?!
Twitter: Rummer_grapes
  • #552,666
  • Oct 13, 2020 5:22am Oct 13, 2020 5:22am
Quoting Bacco
{quote} So could you please explain me why if dxy is going up, gu is going down and if dxy is going down, gu is going up?!
I can tell you tons of cases when DXY was going up and GU was going up, too...or both down at the same time. I posted the correlation stats here before.
Everyone can see the chart, but only a few can actually read it.
  • #552,667
  • Oct 13, 2020 5:33am Oct 13, 2020 5:33am
Quoting OnlineAddict
{quote} I can tell you tons of cases when DXY was going up and GU was going up, too...or both down at the same time. I posted the correlation stats here before.
So far i can see that the overall direction more or less is the same, is not a copy of course,but is not divergent (daily-weekly)

I ve missed your post, if you want to repost it i ll have a look.
Twitter: Rummer_grapes
  • #552,668
  • Oct 13, 2020 5:37am Oct 13, 2020 5:37am
Quoting Moty
took long {image}
lol trust what you stand for Moty
  • #552,669
  • Oct 13, 2020 5:40am Oct 13, 2020 5:40am
It depends on currency strength.
When GBP and USD have equal strength, it ranges.
When GBP and USD is strong but GBP is stronger, the pair rallies, EURGBP falls, EURUSD falls.
Very simple.
Patience.....
  • #552,670
  • Oct 13, 2020 5:42am Oct 13, 2020 5:42am
Quoting epzero
{quote} lol trust what you stand for Moty
he could be a good trader if he will not change his mind every single minutes and know where to tp.. e
it impossible to predict every move when you trading intraday...
  • #552,671
  • Oct 13, 2020 5:43am Oct 13, 2020 5:43am
In my opinion at the start of an uptrend it would not be wise to adopt a balancing strategy.
  • #552,672
  • Oct 13, 2020 5:46am Oct 13, 2020 5:46am
Quoting Bacco
{quote} So far i can see that the overall direction more or less is the same, is not a copy of course,but is not divergent (daily-weekly) I ve missed your post, if you want to repost it i ll have a look.
Depends on many things...if you watch the chart for 10 years and more, you will realize that dxy is meaningless for trading GU. Depends on the session, too...during US session, which is mostly driven by the dollar, EU and GU go more in a sync, obviously. But its far more complex that than.
Everyone can see the chart, but only a few can actually read it.
  • #552,673
  • Oct 13, 2020 5:51am Oct 13, 2020 5:51am
Interesting signal although I don’t think we will see that level of drop
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Insane in the Brain..
  • #552,674
  • Oct 13, 2020 5:54am Oct 13, 2020 5:54am
Quoting gatenio
{quote} he could be a good trader if he will not change his mind every single minutes and know where to tp.. e it impossible to predict every move when you trading intraday...
if he was targeting 30-40 pips he would have been winning all week, why allow a winning trade of over 40pips go into negative
  • #552,675
  • Oct 13, 2020 5:55am Oct 13, 2020 5:55am
Quoting epzero
{quote} if he was targeting 30-40 pips he would have been winning all week, why allow a winning trade of over 40pips go into negative
god knows
  • #552,676
  • Oct 13, 2020 5:56am Oct 13, 2020 5:56am
depends on your price feed, but we are trading higher that last weeks close, and this weeks open, so no shorts...yet, at least that's how I'm proceeding....
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Get the Lag out
  • #552,677
  • Oct 13, 2020 5:59am Oct 13, 2020 5:59am
Long GJ ... for scalp...
Trade with prediction = witch with her visions lol
  • #552,678
  • Oct 13, 2020 5:59am Oct 13, 2020 5:59am
Im long 3051 will target the 3100 first profit take, but i believe it can get to 3256 with some minor corrections on the way
Follow The Markets Structure - Patience and Discipline
  • #552,679
  • Oct 13, 2020 6:01am Oct 13, 2020 6:01am
Long only
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  • #552,680
  • Oct 13, 2020 6:06am Oct 13, 2020 6:06am
Banks are playing their game
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