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Cable Update (GBPUSD)

  • #556,041
  • Nov 1, 2020 10:46am Nov 1, 2020 10:46am
Quoting ChiForex
{quote} The market is smarter than you
absolutely right
  • #556,042
  • Nov 1, 2020 11:08am Nov 1, 2020 11:08am
amazing, I see so many "experts" on political affairs in the US from around the world repeating MSM talking points...here is something you won't see on your tv...President's Trump rally in Butler PA yesterday
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #556,043
  • Nov 1, 2020 11:17am Nov 1, 2020 11:17am
Quoting ChiForex
{quote} Nobody bets on all the gap to be filled but at least half of 100pips is very normal as a target. However, firstly, I see no gap in GU, and most importantly I don't have open position for this pair but another that's having a 40pip gap
Market is opening in 5 hours, I think we will open with 100-150 pip gap, yes we could retrace 40-50 pips but at the same time it could continue south for another 50-70 pips before retracing.

My humble advise would be to wait for confirmation before jumping on a trade against the trend
  • #556,044
  • Nov 1, 2020 11:21am Nov 1, 2020 11:21am
Quoting Wavegarrick
What I don't get is how IG markets have such privvy info. I understand that there are price fluctuations over weekends with news events etc. leading to gaps at market open but how do they monitor price? Have they set up a system of where they estimate price will go? I have been monitoring the weekend link all day and price has fluctuated from 105 pips down to 74 pips down at this time. Anyway. maybe someone will shed light. Cheers.
Well I was wondering about the same as well, as i recall in the past everyone used to depend on OANDA for weekend rates and prices were merely moving during the weekend expect few hours prior to market open
  • #556,045
  • Nov 1, 2020 11:34am Nov 1, 2020 11:34am
drop like you just don't caRE .
Boris phone home
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yes yes yes
  • #556,046
  • Nov 1, 2020 11:37am Nov 1, 2020 11:37am
Quoting Arief-
I don't get it when people talk about price movements on the weekend
IG set there own prices. It’s where they expect it to be. Nothing more.
A fool and his money are easily parted
  • #556,047
  • Nov 1, 2020 11:43am Nov 1, 2020 11:43am
Quoting MozzChops
{quote} IG set there own prices. It’s where they expect it to be. Nothing more.
Ah, Ok. Thanks friend.
Trade to trade another day
  • #556,048
  • Nov 1, 2020 11:44am Nov 1, 2020 11:44am
zones to watch if you are a day trader...daily 120%ATR(14) =144 pips from Friday's close @1.28077...of course it doesn't have to stop there
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Always trade your own plan...I don't provide trading signals.
  • #556,049
  • Nov 1, 2020 11:50am Nov 1, 2020 11:50am
Where are the dumbos with 1.32 blaaa 1.33 1.35 ??

Any day now???

LOL
Beware of robber banks (RB), bad advisors.
  • #556,050
  • Nov 1, 2020 11:55am Nov 1, 2020 11:55am
Quoting Moty
drop like you just don't caRE . Boris phone home {image}

do you have open short trades from last week?
Insane in the Brain..
  • #556,051
  • Nov 1, 2020 11:55am Nov 1, 2020 11:55am
Quoting BeeTogether
{quote} do you have open short trades from last week?
He does, he posted previously.
I will tear the world apart for you.
  • #556,052
  • Nov 1, 2020 12:07pm Nov 1, 2020 12:07pm
Quoting MozzChops
{quote} IG set there own prices. It’s where they expect it to be. Nothing more.
They allow weekend trading, so the prices should be real trading prices. But we will see in couple hours...
Everyone can see the chart, but only a few can actually read it.
  • #556,053
  • Nov 1, 2020 12:08pm Nov 1, 2020 12:08pm
Quoting MoneyZilla
{image}


This guy is pure comedy
  • #556,054
  • Nov 1, 2020 12:20pm Nov 1, 2020 12:20pm
Quoting Bacco
probably this week only one direction.... Weekly atr is around 300 pips....we could probaby see 1.25
One direction? Election, FED, BoE and NFP...there will be crazy moves in both directions, most probably
Everyone can see the chart, but only a few can actually read it.
  • #556,055
  • Nov 1, 2020 12:22pm Nov 1, 2020 12:22pm
Looks like I need to get an accout at IG...I would be buying the drop. I wonder what their weekend spreads are.

EDIT: Looks like people are already buying...gap closing.
Everyone can see the chart, but only a few can actually read it.
  • #556,056
  • Nov 1, 2020 12:23pm Nov 1, 2020 12:23pm
Quoting Coreg2004
amazing, I see so many "experts" on political affairs in the US from around the world repeating MSM talking points...here is something you won't see on your tv...President's Trump rally in Butler PA yesterday {image}
you can Coreg, i watch on computer but if u want to fallow trump as blind as possible its the most easy thing to do when you just go to youtube
unnfortunaly the trump "mega suporters" embrace everything he says , like some time he said "that mask use is relative" lets put this way, and his suporters go bananas and think yes he must be wright , now trump says" lets use masks" his suporters go bananas again...i think trump has powers at this point
Or just his mega fans that are bananas? becouse one thing he keeps saying and that is true " he has the most enthusiastic fans"
I from Portugal and as you know i love politics coreg but i think what trump is showing is wrong in so many ways...that i cant undderstand trump blind followers...god damn what a good
  • #556,057
  • Nov 1, 2020 12:23pm Nov 1, 2020 12:23pm
Gap reducing....
Insane in the Brain..
  • #556,058
  • Nov 1, 2020 12:38pm Nov 1, 2020 12:38pm
Quoting BeeTogether
Gap reducing....
Now only 30 pips...
I will tear the world apart for you.
  • #556,059
  • Nov 1, 2020 12:46pm Nov 1, 2020 12:46pm
Quoting BeeTogether
Gap reducing....
2 hours prior to opening we will see some
movements, i still expect 100 pips gap
  • #556,060
  • Nov 1, 2020 12:47pm Nov 1, 2020 12:47pm
Quoting fxmasterdxb
{quote} 2 hours prior to opening we will see some movements, i still expect 100 pips gap
Looks like not even 50...
Everyone can see the chart, but only a few can actually read it.
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