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Cable Update (GBPUSD)

  • #553,761
  • Oct 16, 2020 11:38am Oct 16, 2020 11:38am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 32 KB
yes yes yes
  • #553,762
  • Oct 16, 2020 12:07pm Oct 16, 2020 12:07pm
target next week

1.33 coming....
  • #553,763
  • Oct 16, 2020 12:14pm Oct 16, 2020 12:14pm
Boris says talks with EU are over

https://www.bbc.com/news/uk-politics-54566897
Defeat is temporary, but giving up is permanent.
  • #553,764
  • Oct 16, 2020 12:19pm Oct 16, 2020 12:19pm
Quoting oordjb
Boris says talks with EU are over https://www.bbc.com/news/uk-politics-54566897
No, he didn't. You need to read it properly...not just clickbait headlines.
Everyone can see the chart, but only a few can actually read it.
  • #553,765
  • Oct 16, 2020 12:27pm Oct 16, 2020 12:27pm
Why so many manipulations on this pair, going up to take people's SL out, rather should be going down as EU is doing....
  • #553,766
  • Oct 16, 2020 12:38pm Oct 16, 2020 12:38pm
Quoting OnlineAddict
{quote} No, he didn't. You need to read it properly...not just clickbait headlines.
Agreed. if it was all over the pound would have tanked by a good few hundred pips. There is still slight hope, I think the market is ready for a bigger fall.. however any slight optimism will take it the pair over 1.3

next week will be interesting. I’m going to be on the lookout for any news over the weekend and adjust my trade accordingly
Insane in the Brain..
  • #553,767
  • Edited 1:04pm Oct 16, 2020 12:49pm | Edited 1:04pm
Quoting OnlineAddict
{quote} No, he didn't. You need to read it properly...not just clickbait headlines.
well, for me it means what he said. dont come back unless you make up your mind and we can get what we want.
True that he left the door open, but i dont see eu going back willing to change their law for uk.
Eu is keep saying we want to talk only because (as repeatedly said,) they wont be the one to leave the table. Only to blame uk if they cant get a deal.

Its a bit tricky, but for me is like that:

If eu give a good deal to uk, other countries might be tempted to leave and they would look like the loosers

Uk cant accept the severe terms of eu becuase as they say, its a sovreignety matter, thay cant be independent following eu laws.

Now, leaving fisheries apart, one very important thing is state aid.

Uk wants to do what they want with their companies, and fund them as much as they want (fair enough)
Eu doesnt want them to have unlimited state aid as this would be unfair competion for the eu companies.

How do we fix that? all the jounalist think that a deal is almost there. for me is not.

Is like if you want to walk into my house with your shoes, but at the entrace i stop you and i ll say: mate, if you want to get inside you have to remove the shoes, but you refuse saying that the shoes are yours and you must be free to do what you want with them.

Those two things go against each other, solution? step back. possible? dont think so
Twitter: Rummer_grapes
  • #553,768
  • Oct 16, 2020 1:23pm Oct 16, 2020 1:23pm
Quoting Bacco
{quote} well, for me it means what he said. dont come back unless you make up your mind and we can get what we want. True that he left the door open, but i dont see eu going back willing to change their law for uk. Eu is keep saying we want to talk only because (as repeatedly said,) they wont be the one to leave the table. Only to blame uk if they cant get a deal. Its a bit tricky, but for me is like that: If eu give a good deal to uk, other countries might be tempted to leave and they would look like the loosers Uk cant accept the severe terms...
Just more endless posturing IMO.
These Brexit talks have been going on for over 4 years. I've lost track of how many times leaders have made ultimatums, "do this or else".

Means nothing anymore.

It's like watching days of our lives, you could turn the tv off for a year and come back to almost where it left off.
So boring.
Compulsions can be hard to resist
  • #553,769
  • Oct 16, 2020 1:25pm Oct 16, 2020 1:25pm
Quoting oordjb
Boris says talks with EU are over https://www.bbc.com/news/uk-politics-54566897
Until they start up again
Compulsions can be hard to resist
  • #553,770
  • Oct 16, 2020 1:31pm Oct 16, 2020 1:31pm
Quoting trumps
{quote} Just more endless posturing IMO. These Brexit talks have been going on for over 4 years. I've lost track of how many times leaders have made ultimatums, "do this or else". Means nothing anymore. It's like watching days of our lives, you could turn the tv off for a year and come back to almost where it left off. So boring.
In italy we use this tale:
In one village there use to live a shepherd boy who had to guard his father's sheep at night. He was bored and therefore, he decided to play a joke: while the other people were asleep he began to shout: "Wolf, wolf!", So everyone woke up and ran to help him. But the prankster shepherd revealed to them that it was a joke. This joke continued for several days, until one night when a wolf actually came. The shepherd began to shout: "Wolf, wolf!", But no one came to help him because everyone thought it was the usual joke. So the wolf devoured all the sheep
Twitter: Rummer_grapes
  • #553,771
  • Oct 16, 2020 1:42pm Oct 16, 2020 1:42pm
Quoting Bacco
{quote} In italy we use this tale: In one village there use to live a shepherd boy who had to guard his father's sheep at night. He was bored and therefore, he decided to play a joke: while the other people were asleep he began to shout: "Wolf, wolf!", So everyone woke up and ran to help him. But the prankster shepherd revealed to them that it was a joke. This joke continued for several days, until one night when a wolf actually came. The shepherd began to shout: "Wolf, wolf!", But no one came to help him because everyone thought it was the usual...
Yes, I know about "The boy who cried Wolf".
But no one actually knows when the wolf will come.
Compulsions can be hard to resist
  • #553,772
  • Oct 16, 2020 4:21pm Oct 16, 2020 4:21pm
Quoting Moty
The drop in the gu will come on monday {image} {image}
I agree
  • #553,773
  • Oct 16, 2020 4:28pm Oct 16, 2020 4:28pm
Quoting emannnn
ELLIOT FAN plz write a comment... 1 or 2? {image} {image}
In my opinion it is 1 according to the knowledge that I have learned, wave4 will cross to the center line on the MACD at 100 - 140 bars from the highest or lowest value to the last bar of the wave we counting, you can see my previous post, why my opinion like that.
the question is whether wave5 has over? The answer will be seen later whether the oscillator will cross back down and the current price will pass from wave5 itself, or for more details you can counting the wave on smaller timeframes such as M15 or M5.
no one is perfect at counting waves, reality proves events like yesterday when the price in seconds moves so fast and undirected, the market is not Mathematical, fundamental or technical. the markets is natural phenomena moves based on psychological human behavior. that's what I know

Thanks
  • #553,775
  • Oct 16, 2020 11:58pm Oct 16, 2020 11:58pm
Stick or stuck $ 100 could be imagine/ real/ fancy from the shop . Just what ever it is . And you believe in yourself that $ 100 i am going to make billions. Best why to do stuck that real note / fancy note to the top of your house where u trade or to the forest where u trade
  • #553,776
  • Oct 17, 2020 12:30am Oct 17, 2020 12:30am
Quoting greengp
{quote} my expectation is 1.28523

just round about 1.28523 was on the target . it was touched and gone . spoilt brat of tweet . we could have been much lower from their as well
  • #553,777
  • Oct 17, 2020 12:43am Oct 17, 2020 12:43am
Quoting Moty
this was a day that i can be waived on 2 huge unsuspected move that only the big ,oney earn from them , and the rest was boring . for next week i predict that gu will drop {image} {image}
Its not just big money earning money on those spikes, plenty of retail traders would have take profits near the end of those spikes and by luck, they would have profited. Not much skill but a tidy profit anyway.
I am hoping for more the unsuspected moves next week and look to take advantage if possible.
Trading thin liquidity at the boundary of the charts
  • #553,778
  • Oct 17, 2020 12:52am Oct 17, 2020 12:52am
For the world which currency will hold with the virus / india is beating bangle sh
  • #553,780
  • Oct 17, 2020 1:47am Oct 17, 2020 1:47am
Quoting RickM
{quote} Its not just big money earning money on those spikes, plenty of retail traders would have take profits near the end of those spikes and by luck, they would have profited. Not much skill but a tidy profit anyway. I am hoping for more the unsuspected moves next week and look to take advantage if possible.
I even think the opposite bro, that GU does not always follow a balancing pattern like this and in my opinion, next Monday GU will still fall according to the daily pattern it made the last two days which I usually call the "nungging" pattern, which is an enguling candle followed by a doji or at least a hanging man underneath. Bad news from the UK or good news from the States will encourage GU to go into freefall like what happened in March this year.

Have a good weekend bro, salute to you.
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