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Cable Update (GBPUSD)

  • #553,861
  • Oct 19, 2020 3:14am Oct 19, 2020 3:14am
Last week's OP will be a nice place to sell from (quick scalp)
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Le$$ I$ More
  • #553,862
  • Oct 19, 2020 3:16am Oct 19, 2020 3:16am
Quoting Mitiblotch
From what I see, looking at the smaller timeframe charts, I expect a very good spike to happen probably on Monday. At least 3000 area to be met. That 2860 will prove strong for a little more time so more up spikes.
And there we go!
  • #553,863
  • Oct 19, 2020 3:22am Oct 19, 2020 3:22am
come on !!!!!
break it down !
break it down !
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yes yes yes
  • #553,864
  • Oct 19, 2020 3:27am Oct 19, 2020 3:27am
be careful everyone
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  • #553,865
  • Oct 19, 2020 3:31am Oct 19, 2020 3:31am
Quoting Arief-
be careful everyone {image}
Aduh , it's likely his arm will break and not the web.
  • #553,866
  • Oct 19, 2020 3:36am Oct 19, 2020 3:36am
are you ready for 1.3000-1.30119 ?
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yes yes yes
  • #553,867
  • Oct 19, 2020 3:45am Oct 19, 2020 3:45am
Quoting OnlineAddict
2910->3000 easy peasy next week, maybe on monday even.
Easy peasy.

I might start shorting above 3170, or even better above 3250. By that time most sellers should be out of the game.
Everyone can see the chart, but only a few can actually read it.
  • #553,868
  • Edited 4:11am Oct 19, 2020 3:49am | Edited 4:11am
House of lord oppose to internal market bill. Market sky rocketing.

Boris saying no more talks. Ignored

Market has his own perspective.....
Twitter: Rummer_grapes
  • #553,869
  • Oct 19, 2020 3:54am Oct 19, 2020 3:54am
Sell .... noooowwwww
Trade with prediction = witch with her visions lol
  • #553,870
  • Oct 19, 2020 3:54am Oct 19, 2020 3:54am
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yes yes yes
  • #553,871
  • Oct 19, 2020 4:01am Oct 19, 2020 4:01am
Quoting Moty
come on !!!!! break it down ! break it down ! {image}
Wow 3 hammer
  • #553,872
  • Oct 19, 2020 4:14am Oct 19, 2020 4:14am
I starting to see exhaustion on 15 min. Also looking quite overbought. Looking for a sell entry.
Patience and Discipline.
  • #553,873
  • Oct 19, 2020 4:16am Oct 19, 2020 4:16am
i am out!!!!
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yes yes yes
  • #553,874
  • Oct 19, 2020 4:17am Oct 19, 2020 4:17am
Quoting Bacco
House of lord who oppose to internal market bill. Market sky rocketing. Boris saying no more talks. Ignored Market has his own perspective.....
I think it is clear that market was either positioned long, or not positioned short enough for a big drop. Consolidation has to happen at current or higher price.

US stimulus evergreen optimism (we hear about an imminent deal for more than a month now) + completely fabricated story about UK government planning to withdraw controversial clauses in IMB helped the markets get to 1.3. We'll see if they are happy to fill their sell orders at this level, or want to pull even higher.
  • #553,875
  • Oct 19, 2020 4:18am Oct 19, 2020 4:18am
Quoting Stefan90csk
I starting to see exhaustion on 15 min. Also looking quite overbought. Looking for a sell entry.
Im allready in....
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Trade with prediction = witch with her visions lol
  • #553,876
  • Oct 19, 2020 4:21am Oct 19, 2020 4:21am
It looks like market is trying to accumulate as many shorts around 3000 as possible...and eventually will fly north to take them all out.
Everyone can see the chart, but only a few can actually read it.
  • #553,877
  • Oct 19, 2020 4:27am Oct 19, 2020 4:27am
Quoting OnlineAddict
It looks like market is trying to accumulate as many shorts around 3000 as possible...and eventually will fly north to take them all out.
right, one should never reverse before the market shows one.

regards
  • #553,878
  • Oct 19, 2020 4:30am Oct 19, 2020 4:30am
Quoting VM.
{quote} I think it is clear that market was either positioned long, or not positioned short enough for a big drop. Consolidation has to happen at current or higher price. US stimulus evergreen optimism (we hear about an imminent deal for more than a month now) + completely fabricated story about UK government planning to withdraw controversial clauses in IMB helped the markets get to 1.3. We'll see if they are happy to fill their sell orders at this level, or want to pull even higher.
Why do you say is fabricated story?
I mean....i knew that house of lords were going against imb, but withdraw is probably out of question at the moment, can they decide that?? they can oppose to some clause i guess but is probably going back to house of commons after that, isn it?
Twitter: Rummer_grapes
  • #553,879
  • Edited 5:05am Oct 19, 2020 4:34am | Edited 5:05am
G/M, hope everyone profited from the rise up so far today. 2nd test of that prev dly sw lo zone [down to 2863] on friday began the move up and the diamond pattern on 1hr finally broke to the upside, pulled back and retested top of it before the steepest part of the move up.

On this current 4hr candle that desc t/line joining 3482 and 3064 on 4hr/dly is at/about the mthly pivot circa 3026. 76.4% of the 3064-2862 move below that @ 3016. 4hr is below.
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Trader with an Edge.
  • #553,880
  • Oct 19, 2020 4:34am Oct 19, 2020 4:34am
Quoting OnlineAddict
It looks like market is trying to accumulate as many shorts around 3000 as possible...and eventually will fly north to take them all out.
Out of my buys with good profit. 3000 hit as predicted on Friday. I heard from BBC that the cabinet members are in a meeting to decide on a "sharp lockdown", which might affect a lot of stuff. Maybe another opportunity for a good dip when they come out and announce it.
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