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Cable Update (GBPUSD)

  • #555,241
  • Oct 28, 2020 7:14am Oct 28, 2020 7:14am
Quoting thevisitor
{quote} it Is not the shortest...btw i have my own labeling of waves and doing quite good i am short...
w1 have 1200 pips w3 800 pips w5 1200 pips. I understand that is not EW. My mistake.
  • #555,242
  • Oct 28, 2020 7:15am Oct 28, 2020 7:15am
GU, too early to tell, but I suspect there might be more downside to come. A clear break of 1.287-1.29 will add to the bearish pressure.
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  • #555,243
  • Oct 28, 2020 7:16am Oct 28, 2020 7:16am
Quoting BeeTogether
{quote} Knowing my luck it will be tweets saying no deal is happening lol
It's more important not what a tweet/news is saying, but how market chooses to react. When it wanted to go up, bad news were mostly ignored (or quickly bought back) and good news triggered 100 pip spikes. Now market probably wants to go down...
  • #555,244
  • Oct 28, 2020 7:17am Oct 28, 2020 7:17am
you can't separate them right now there both linked to $ and $ is the busy bee
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,245
  • Oct 28, 2020 7:20am Oct 28, 2020 7:20am
Quoting fxmasterdxb
Ladies and gentlemen, buckle up, our next stop is at 1.2955 , expect many stops to be taken out so it could be a bumpy ride
Hope everyone enjoyed the ride was a bumpy one though
  • #555,246
  • Oct 28, 2020 7:22am Oct 28, 2020 7:22am
Quoting VM.
{quote} It's more important not what a tweet/news is saying, but how market chooses to react. When it wanted to go up, bad news were mostly ignored (or quickly bought back) and good news triggered 100 pip spikes. Now market probably wants to go down...
very true, over the weekend Barnier stated he will stay in London for further talks. In the past that would have spiked up the cable however the market ignored it
Insane in the Brain..
  • #555,247
  • Oct 28, 2020 7:28am Oct 28, 2020 7:28am
Ffs. Smashing my keyboard at closing out a big short at .2985 then entering long at 2965. Now I see my mistake but about to hit SL 2930 GRR
I play the trade gamble to feed my Porsche addiction.
  • #555,248
  • Oct 28, 2020 7:29am Oct 28, 2020 7:29am
this tl defiantly broke it can't be fixed ,weekly can't recover
symmetry of green lines has strong meaning !
what's the chances of it randomly moving the same distance in the same time
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,249
  • Oct 28, 2020 7:29am Oct 28, 2020 7:29am
... 30 day adr exceeded now.
Trader with an Edge.
  • #555,250
  • Oct 28, 2020 7:32am Oct 28, 2020 7:32am
Quoting Lock
..... In conclusion, in case of a succeeding rally upside our main target could be 3150 zone, in case of a successfully break our main target could be 2935 area. A final note: we are in a weekly trend upside and any meaningful break has to interrupt this trend: in order to obtain technically such result the last week lower extreme has to be taken out. It is at 29185 (wednesday GB low that btw coincides with September GB close: a very important ref)
And here we are at the target 2935 in case of break from inside session. To interrupt weekly trend, remember that for pit sessions the level is 2920.
Ubi maior minor cessat
  • #555,251
  • Oct 28, 2020 7:34am Oct 28, 2020 7:34am
Quoting BeeTogether
{quote} very true, over the weekend Barnier stated he will stay in London for further talks. In the past that would have spiked up the cable however the market ignored it
I agree with VM regarding tweet reactions.

Also, over the weekend, there is a news report, where logistics companies expressing dismay at the eventual immigration-customs nightmare they have to face, as they use the underground Channel Tunnel (from Kent County to the Europe mainland).

Red tape. Confusion. Increase time / cost. Perishables (fruits veg fish) delays affecting quality.

UK companies fear that Europeans will not want to buy from UK anymore after BREXIT.
  • #555,252
  • Oct 28, 2020 7:36am Oct 28, 2020 7:36am
Dollar so strong... look at xau.... wow....
Trade with prediction = witch with her visions lol
  • #555,253
  • Oct 28, 2020 7:37am Oct 28, 2020 7:37am
hello ladies and gentlemen,good evening.
my name jaffar from bahrain.
i ma new trader from my pleasure if you are accept me in your family and help me to trad.
  • #555,254
  • Oct 28, 2020 7:37am Oct 28, 2020 7:37am
Quoting OxyGen_FX
{quote} I agree with VM regarding tweet reactions. Also, over the weekend, there is a news report, where logistics companies expressing dismay at the eventual immigration-customs nightmare they have to face, as they use the underground Channel Tunnel (from Kent County to the Europe mainland). Red tape. Confusion. Increase time / cost. Perishables (fruits veg fish) delays affecting quality. UK companies fear that Europeans will not want to buy from UK anymore after BREXIT.
you do realise we don't sell much if you take out Financail services {they don't use the tunnel}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,255
  • Oct 28, 2020 7:42am Oct 28, 2020 7:42am
Quoting knkie
SELL Stop 2954 H4 momentum M5 timing
perfect boom

SL in the plus
target open
Attached Image
in wondering about yourself, you forgot what you came here to be part of
  • #555,256
  • Oct 28, 2020 7:42am Oct 28, 2020 7:42am
What’s pushing the dollar so hard?
I play the trade gamble to feed my Porsche addiction.
  • #555,257
  • Oct 28, 2020 7:42am Oct 28, 2020 7:42am
Moty and George are such gentlemen. If I were them, I would be quoting all of MoronZilla's taunting posts from last week.
I will tear the world apart for you.
  • #555,258
  • Oct 28, 2020 7:45am Oct 28, 2020 7:45am
Quoting M3csl
What’s pushing the dollar so hard?
Lockdown all over europe, economy is dying

And COT report is heavy long on dollar, it has to pay one day or another
COT: The precious data ignored
  • #555,259
  • Oct 28, 2020 7:45am Oct 28, 2020 7:45am
...120.5% 30 day adr now at the current lo...4hr below. 61.8% 2674-3176 below, just under Wkly S1.
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Trader with an Edge.
  • #555,260
  • Oct 28, 2020 7:46am Oct 28, 2020 7:46am
Quoting Barnell
Moty and George are such gentlemen. If I were them, I would be quoting all of MoronZilla's taunting posts from last week.
MoronZilla hahahaha
Make money by doing the opposite of Giveachance aka loser
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