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Cable Update (GBPUSD)

  • #555,921
  • Oct 31, 2020 4:55am Oct 31, 2020 4:55am
Quoting Bacco
{quote} I ll try to catch the entire move Sunday evening..... Is gonna be a bloody Monday. But probably short against jpy is safer....election are around the corner.....
I wish I could just stop my trade now lol.
Insane in the Brain..
  • #555,922
  • Oct 31, 2020 5:03am Oct 31, 2020 5:03am
Quoting BeeTogether
{quote} I wish I could just stop my trade now lol.
were u long on friday?
Twitter: Rummer_grapes
  • #555,923
  • Oct 31, 2020 5:06am Oct 31, 2020 5:06am
Quoting BeeTogether
Anyone with long positions open might need to have a look at the current weekend cable. Although the weekend trend has recently overturned I don’t think this will unless the Uk government contradict the lockdown story {image}
Big like
Attached Image (click to enlarge)
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yes yes yes
  • #555,924
  • Oct 31, 2020 5:08am Oct 31, 2020 5:08am
Quoting Moty
{quote} Big like {image}
Margin 71%?



Not good risk management bruh.
I will tear the world apart for you.
  • #555,925
  • Oct 31, 2020 5:12am Oct 31, 2020 5:12am
Quoting Bacco
{quote} were u long on friday?
i been on same long since Wednesday. It was going all ok on Thursday before my 10am meeting cable was around 13020 so was targeting 13055 before looking for a short to 129. Came out an hour later and boom it had gone tits up lol
Insane in the Brain..
  • #555,926
  • Oct 31, 2020 5:24am Oct 31, 2020 5:24am
Quoting BeeTogether
Anyone with long positions open might need to have a look at the current weekend cable. Although the weekend trend has recently overturned I don’t think this will unless the Uk government contradict the lockdown story {image}
Where do you get the weekend price?
  • #555,927
  • Oct 31, 2020 5:27am Oct 31, 2020 5:27am
Quoting fxmasterdxb
{quote} Where do you get the weekend price?
He's trading on IG where there is weekend trading for Cable.

How it works, beats me.
I will tear the world apart for you.
  • #555,928
  • Oct 31, 2020 5:33am Oct 31, 2020 5:33am
Quoting Barnell
{quote} He's trading on IG where there is weekend trading for Cable. How it works, beats me.
Well I was asking because I use XE to track currency rates in the weekend, so far I have always seen it being accurate, current price over there is 1.2947, it did move slightly after market close to 1.2945 but thats it, Im shocked to see the 1.2891 (although its in my favour as I had a sell limit at 1.2960 and got triggered while my day was over), still im not convinced of the price yet
  • #555,929
  • Oct 31, 2020 5:34am Oct 31, 2020 5:34am
Quoting fxmasterdxb
{quote} Well I was asking because I use XE to track currency rates in the weekend, so far I have always seen it being accurate, current price over there is 1.2947, it did move slightly after market close to 1.2945 but thats it, Im shocked to see the 1.2891 (although its in my favour as I had a sell limit at 1.2960 and got triggered while my day was over), still im not convinced of the price yet
I had this thread: https://www.forexfactory.com/thread/...-market-quotes? but no one replied.
I will tear the world apart for you.
  • #555,930
  • Oct 31, 2020 6:00am Oct 31, 2020 6:00am
I’m not a huge fan of pre open prices. The last few weeks the trades have gone against the prices after it all settles down. However news like this do send the market in chaos. I will posting updates to the weekend prices as and when I check them.

could help those with open positions
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Insane in the Brain..
  • #555,931
  • Edited 8:42am Oct 31, 2020 7:00am | Edited 8:42am
My View For Cable there are up trend from 1.2687 broken and retested it, Area i think 1.2860 to 1.2837 if can not rise to 1.3000
look for photo,i know this week will not apply for analysis we have american election and Brexit data but we didn't have anything to do but analysis
who is with me in this view?
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good luck
  • #555,932
  • Oct 31, 2020 7:08am Oct 31, 2020 7:08am
Quoting Moty
{quote} Big like {image}
This is the proof that sell, sell, sell on friday was wrong. You must to change same things about your trading. No stop and 71% on weekend... Think about this.
  • #555,933
  • Oct 31, 2020 7:16am Oct 31, 2020 7:16am
Quoting Barnell
{quote} Margin 71%? Not good risk management bruh.
i trade 200 $ with 100% used margin .
it's the same as trading 2000 $ account with 10% used margin .
i know my limitations .
i will always end up putting all my money in use , so i keep my account always with small amount
yes yes yes
  • #555,934
  • Oct 31, 2020 7:19am Oct 31, 2020 7:19am
Quoting Barnell
{quote} He's trading on IG where there is weekend trading for Cable. How it works, beats me.
its a 24-7 market it never close fully
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,935
  • Edited 12:38pm Oct 31, 2020 7:33am | Edited 12:38pm
Fundamental view
Heres two charts I posted this week re lockdown ,
it all depends on what the governments do...
I'm thinking uk is very reluctant to go as far as March ,from the way there acting
I also think they used a lot of firepower already.
This one will ramp up pressure on business, who already aren't fully supported through no fault of their own.

If you take the dow, the fed doesn't enter the market direct
The asset sheets shot up because it brought bad debt already off banks etc ,thats why I think theres no one to take it higher.
The fed are the largest owner of that rally , which I assume from the massive rise in assets and many programs to bail out the banks e.t.c
Then I guess some canny speculators who rode price to the false floor when the fed announced buy anything, they're likely close at that level, if the ceiling is what already exists on the chart.

It's harder for governments to flood the market with liquidity this time, interest rates are at a all time low already.

Put really simply, theres no way the dow should be at that level after the year we had, with another lockdown looming it gets a lot worse.


The Federal Reserve's balance sheet is exploding, growing by about $3 trillion since mid-March and now totaling more than $7 trillion
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,936
  • Edited 8:12am Oct 31, 2020 7:43am | Edited 8:12am
From my last screen shot it seems there has been a slight retrace. The government is making announcement today at 4pm Uk time
Insane in the Brain..
  • #555,937
  • Oct 31, 2020 8:16am Oct 31, 2020 8:16am
Quoting BeeTogether
From my last screen shot it seems there has been a slight retrace. The government is making announcement today at 4pm Uk time
According to ig, cable is currently at 1.2855! If uk announces lockdown then huge gap is definitely coming!
  • #555,938
  • Oct 31, 2020 8:24am Oct 31, 2020 8:24am
Quoting fxmasterdxb
{quote} According to ig, cable is currently at 1.2855! If uk announces lockdown then huge gap is definitely coming!
Will be interesting to see how it will effect the weeklies. Would have been nice to grab a short trade entry
Insane in the Brain..
  • #555,939
  • Oct 31, 2020 8:58am Oct 31, 2020 8:58am
Still selling rallies on daily basis
The higher the better to short of course

Attached Image
COT: The precious data ignored
  • #555,940
  • Oct 31, 2020 9:09am Oct 31, 2020 9:09am
Quoting BeeTogether
From my last screen shot it seems there has been a slight retrace. The government is making announcement today at 4pm Uk time
Gap down is bearish -that may not fill ,
new month on a Sunday ,so much going on
is the reason a weekend trade is so risky for a 50 pip target .It's not worth the weekend worry...
On-site guru & also FF member's' psychiatrist, when not drinking tea
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