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Cable Update (GBPUSD)

  • #555,121
  • Oct 27, 2020 1:12pm Oct 27, 2020 1:12pm
Quoting Barnell
{quote} Why not big drop, up again then dropping hard?
Well to be honest i still 1940/45 zone as an area to be touched before it drops hard, but you never know
  • #555,122
  • Oct 27, 2020 1:13pm Oct 27, 2020 1:13pm
Quoting ChiForex
Guys, anyone remembers what was the reason of the big crash in GU around 700pips 1.21-1.14 and in many pairs too in 18-3-2020?
That was when UK went into a full lockdown
Insane in the Brain..
  • #555,123
  • Oct 27, 2020 1:17pm Oct 27, 2020 1:17pm
Quoting ChiForex
Guys, anyone remembers what was the reason of the big crash in GU around 700pips 1.21-1.14 and in many pairs too in 18-3-2020?
Banks were getting into long positions...nothing else really. Afterwards, every "analyst" tried to be smart and looked for a reason. If there was a reason, they would know beforehand. But then again...if they knew beforehand, they wouldn't be analysts for minimum wage, but traders.
Everyone can see the chart, but only a few can actually read it.
  • #555,124
  • Edited 1:33pm Oct 27, 2020 1:23pm | Edited 1:33pm
Dead cat bounce maybe, short from1.3060-70 down to 1.2950?

Let me know what you think?
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #555,125
  • Oct 27, 2020 1:34pm Oct 27, 2020 1:34pm
i think We are on the correction wave. i expect 1 more little wave up & then see 1.2920 zone....... if price see 1.3127 this This analysis is invalid
  • #555,126
  • Oct 27, 2020 1:41pm Oct 27, 2020 1:41pm
Quoting BeeTogether
{quote} That was when UK went into a full lockdown
it's a $ story march 2020,.
$ liquidity problems, solved by pumping the markets full of government money.

"The Federal Reserve’s balance sheet is exploding, growing by about $3 trillion since mid-March and now totaling more than $7 trillion. It could conceivably exceed $10 trillion by yearend, as the central bank buys corporate bonds, municipal securities and makes loans to medium-sized businesses while purchasing $80 billion of Treasuries and $40 billion of agency mortgage-backed securities (MBS) each month. This would be more than double the peak that the Fed's balance sheet reached after the 2008-09 financial crisis."
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,127
  • Oct 27, 2020 1:42pm Oct 27, 2020 1:42pm
Quoting Phil_GMT
Dead cat bounce maybe, short from1.3060-70 down to 1.2950? Let me know what you think?
We have a daily reversal candle...so looking for buy entries might be a better idea. As everyone seems to think this is heading towards 2950...we know how that ends mostly.
Everyone can see the chart, but only a few can actually read it.
  • #555,128
  • Oct 27, 2020 1:49pm Oct 27, 2020 1:49pm
Quoting Phil_GMT
Dead cat bounce maybe, short from1.3060-70 down to 1.2950? Let me know what you think?
wrote this yesterday
why not:
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  • #555,129
  • Oct 27, 2020 1:52pm Oct 27, 2020 1:52pm
that last red one on this risky asset is march 2020 ,you tell me why it rallied ,like the dow
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,130
  • Oct 27, 2020 1:56pm Oct 27, 2020 1:56pm
be careful end of month ,cable has a rally just like the dow so many believe this is going far
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,131
  • Oct 27, 2020 1:59pm Oct 27, 2020 1:59pm
you can't project over that monthly ,any time soon
im not wrong
time will tell
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,132
  • Oct 27, 2020 2:04pm Oct 27, 2020 2:04pm
Quoting gatenio
{quote} you right good sell, i think u can take off your tp.. we saw the high today, i want to see when day will close, above or below yesterday close. but i really think bulls are taking a step back.
i going for a small profit trade .
you can double your equity if you catch 8 successful 10 pips trades in a raw , here is 2 , that one of them is 30 pips profit
Attached Image (click to enlarge)
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yes yes yes
  • #555,133
  • Oct 27, 2020 2:04pm Oct 27, 2020 2:04pm
Quoting fxmasterdxb
{quote} Though this 1 hr close in gold is so tempting to sell
Another awesome 1 hr close for gold shorting, took sell @ 1908
  • #555,134
  • Oct 27, 2020 2:07pm Oct 27, 2020 2:07pm
Attached Image (click to enlarge)
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yes yes yes
  • #555,135
  • Oct 27, 2020 2:16pm Oct 27, 2020 2:16pm
Quoting fxmasterdxb
{quote} Another awesome 1 hr close for gold shorting, took sell @ 1908
Congrats, I'm done for the day.
I will tear the world apart for you.
  • #555,136
  • Edited 2:42pm Oct 27, 2020 2:24pm | Edited 2:42pm
https://www.forexfactory.com/trades

LATE September GBP retail bears have flipped
Compulsions can be hard to resist
  • #555,137
  • Oct 27, 2020 2:24pm Oct 27, 2020 2:24pm
Quoting Barnell
{quote} Congrats, I'm done for the day.
Wish you a successful day tomorrow my friend
  • #555,138
  • Oct 27, 2020 2:25pm Oct 27, 2020 2:25pm
this is what i done in the last 4 hours .
baby trades for 10-20 pips , turned 120 $ into 160 $ with 1 $ per pip leverage
Attached Image(s) (click to enlarge)
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yes yes yes
  • #555,139
  • Oct 27, 2020 2:36pm Oct 27, 2020 2:36pm
Quoting fxmasterdxb
{quote} Wish you a successful day tomorrow my friend
Thank you, you're a kind man.
I will tear the world apart for you.
  • #555,140
  • Oct 27, 2020 2:53pm Oct 27, 2020 2:53pm
Quoting trumps
https://www.forexfactory.com/trades LATE September GBP retail bears have flipped
Watch now how when they flip the market goes down
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masteranuj