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Cable Update (GBPUSD)

  • #553,241
  • Oct 15, 2020 3:53am Oct 15, 2020 3:53am
A lot of people here were saying yesterday that "bulls have not even started". I now understand that they meant USD bulls. And yes, they are slowly waking up (summer hibernation, new word in biology).
  • #553,242
  • Oct 15, 2020 3:53am Oct 15, 2020 3:53am
Quoting Sang.Real
{quote} GU Moved to Positive Stop to protect capital. {image}

GU End of scalping.

Paused. Wait for new set up.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 012.jpg Size: 286 KB
  • #553,243
  • Oct 15, 2020 3:54am Oct 15, 2020 3:54am
Quoting epzero
{quote} God bless you for this, some people just draw lines on chart forgetting the fundamentals affect the entire market, market went up yesterday and everyone was scream 1.35 now it has sold back half of the buy and the day is just starting.
You are most welcome! This will save time for members here who missed out certain news.

I am only highlighting the possible risk, not saying that it will 100% affect it.
Also, I have been trading long enough to grow tired of price going the other way, and the reports will say ""Market must have already priced-in the information.....".
Nothing is definite.......
  • #553,244
  • Oct 15, 2020 3:54am Oct 15, 2020 3:54am
Quoting ffmonry
cable started to move towards 1.2850 again.. ride the bearish move today.
Yes, ride it as much as possible and make those pips. Please remember to pause when New York comes online. They were the ones with the spike yesterday and paid the triple swaps to hold overnight so keep an eye on that. All the political nonsense usually don't matter. Where the money is, is what really matters. And the money weaves the political stories. Lol
  • #553,245
  • Oct 15, 2020 3:56am Oct 15, 2020 3:56am
And to think I sold 3050 yesterday and closed with just 30 pips. Ouch! That's painful.
  • #553,246
  • Oct 15, 2020 3:57am Oct 15, 2020 3:57am
Quoting VM.
A lot of people here were saying yesterday that "bulls have not even started". I now understand that they meant USD bulls. And yes, they are slowly waking up (summer hibernation, new word in biology).
I am sure the bulls will have words for us to explain why the market is selling back down because they were so sure with all their lines and drawing lol
  • #553,247
  • Oct 15, 2020 3:57am Oct 15, 2020 3:57am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 32 KB
yes yes yes
  • #553,248
  • Oct 15, 2020 3:57am Oct 15, 2020 3:57am
excellent drop
exit + 44 pips
in wondering about yourself, you forgot what you came here to be part of
  • #553,249
  • Oct 15, 2020 3:58am Oct 15, 2020 3:58am
Quoting Mitiblotch
{quote} Let me give you a little clue, although this was before when swaps made sense, not so much now. But here it is: Usually when interest rate differential was high leading to high triple swaps on Wednesdays, and London and NY buy EU and GU on a Wednesday, expect even much higher prices on Thursday. My point: 2900 will not happen before Friday, if it happens at all this week. Tomorrow more spikes will come on both EU and GU.
We are soon to my target of 1.2904/1.2925

That is why i trade my chart and don't listen to the noise here
Make money by doing the opposite of Giveachance aka loser
  • #553,250
  • Oct 15, 2020 4:03am Oct 15, 2020 4:03am
Quoting epzero
{quote} I am sure the bulls will have words for us to explain why the market is selling back down because they were so sure with all their lines and drawing lol
Mate, please keep a good vibe. If someone has a different view is not stupid and when we are right we are not gods.

Everybody has their technical view, wrong or right, is a view and is their perspective.

If you have your view,post your graph and who wants is free to talk about it. We are here to learn and / or teach. Not to laugh at the others when they are wrong.

Peace
Twitter: Rummer_grapes
  • #553,251
  • Oct 15, 2020 4:05am Oct 15, 2020 4:05am
Quoting nessus94
{quote} We are soon to my target of 1.2904/1.2925 That is why i trade my chart and don't listen to the noise here
Yes, if 2900 happens (which I referred to) then you must have made a lot of pips. I sold also yesterday but got out with a paltry 30 pips profit. But then a 200 pip spike is not something I want to fight on GBPUSD. Pair can be crazy going hundreds and hundreds of pips in few days. Better to be safe.
  • #553,252
  • Oct 15, 2020 4:08am Oct 15, 2020 4:08am
Quoting OxyGen_FX
{quote} {image} I am also looking at GU as forming a flag/channel, as shown in your chart above. I am seeing GU having broken below the channel, and had a bounce but is still within the channel and still holds possibility of falling. It has tried to re-take 1.30 a few times since mid September, which I see it as a strong barrier. I also note that GU is very volatile, and is able to have back-to-back 120pips Daily Bull-Bear-Bull-Bear bar. (see arrow in my Daily chart below) A very difficult pair, for smaller TF. {image} Be prepared for lots of drama,...
As mentioned in my previous post, GU is fully capable of doing huge (120-150 pips) back to back Daily TF candles.
(see white arrow in the chart, during August)
It seems to be doing that right now. Sadly, that means bull and bears both must beware....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB
  • #553,253
  • Oct 15, 2020 4:08am Oct 15, 2020 4:08am
Quoting Mitiblotch
{quote} Yes, if 2900 happens (which I referred to) then you must have made a lot of pips. I sold also yesterday but got out with a paltry 30 pips profit. But then a 200 pip spike is not something I want to fight on GBPUSD. Pair can be crazy going hundreds and hundreds of pips in few days. Better to be safe.

And holding shorts

but you said its not gonna happen today or tomorrow and you were expecting much higher price today dude
just expect the unexepected

if i had to listen to the people here, i would have been a buyers above 1,3030 and be butt hurt
Make money by doing the opposite of Giveachance aka loser
  • #553,254
  • Oct 15, 2020 4:10am Oct 15, 2020 4:10am
crazy aud-usd -1.35 already. Is it a stock?!
Twitter: Rummer_grapes
  • #553,255
  • Oct 15, 2020 4:14am Oct 15, 2020 4:14am
Anther losing day, -60 pips
Attached Image (click to enlarge)
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  • #553,256
  • Oct 15, 2020 4:15am Oct 15, 2020 4:15am
Quoting nessus94
{quote} And holding shorts but you said its not gonna happen today or tomorrow and you were expecting much higher price today dude just expect the unexepected if i had to listen to the people here, i would have been a buyers above 1,3030 and be butt hurt
In the end this place is just a forum. I don't think most people want to mislead anybody. I specifically said 2900 and it hasn't hit. If it does you would have made a ton and I would be happy for you. I currently don't have a trade open on GU. Made 10 pips from it this morning and out. The advice I gave was with facts and I even mentioned the fact that it usually worked when interest differential was high. Now this is forex and sometimes the unexpected happens. I don't think you or most people here expected 200 pip rise yesterday from 2861, just as the fall today is still an interesting one for observers like me.

Enjoy your pips and I wish you more of it.
  • #553,257
  • Oct 15, 2020 4:22am Oct 15, 2020 4:22am
Buy GU at 1.2944

Wish Me Luck (Wismilak)

ServerUang

ps to Moty..... come on Moty... Buy again..... never give up....
Attached Image (click to enlarge)
Click to Enlarge Name: KonterTrend.png Size: 55 KB
  • #553,258
  • Oct 15, 2020 4:25am Oct 15, 2020 4:25am
Quoting ServerUang
Buy GU at 1.2944 Wish Me Luck (Wismilak) ServerUang ps to Moty..... come on Moty... Buy again..... never give up.... {image}
I wish you luck. Lol... you will need it. You can already move your SL to entry. I had a pending buy order at 2930 but it stopped at 2936 so missed the train. On this pair best to operate like a surgeon.
  • #553,259
  • Oct 15, 2020 4:28am Oct 15, 2020 4:28am
i aspect a move to 1.29900 at least
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu2.png Size: 36 KB
Click to Enlarge Name: gu3.png Size: 32 KB
yes yes yes
  • #553,260
  • Oct 15, 2020 4:32am Oct 15, 2020 4:32am
Quoting bale
Anther losing day, -60 pips {image}
Sabar brur... the day is not over yet... ,, management money nya bagus mah hajar terus...... semangat..
Trade with prediction = witch with her visions lol
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