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Cable Update (GBPUSD)

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  • Post #557,001
  • Quote
  • Nov 4, 2020 11:09am Nov 4, 2020 11:09am
  •  pipcenturion
  • Joined May 2013 | Status: Member | 1,614 Posts
I expect another round of USD strength across board in this current hour.
 
 
  • Post #557,002
  • Quote
  • Nov 4, 2020 11:13am Nov 4, 2020 11:13am
  •  Kampion
  • | Joined Aug 2018 | Status: Member | 103 Posts
I say Joe wins USD thrives
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You can do it!
 
 
  • Post #557,003
  • Quote
  • Nov 4, 2020 11:16am Nov 4, 2020 11:16am
  •  fxmasterdxb
  • Joined May 2012 | Status: Senior Member | 2,503 Posts
Quoting fxmasterdxb
Disliked
{quote} Haha, no worries I used his hammer to push cable lower too {image}
Ignored
Too sleepy to manage my positions, did not sleep yesterday making few pips here and there with spikes, closed all my shorts, off to bed for a “very” early sleep
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2
  • Post #557,004
  • Quote
  • Nov 4, 2020 11:16am Nov 4, 2020 11:16am
  •  Tim_isoara
  • Joined May 2009 | Status: trader | 1,889 Posts
Quoting Moty
Disliked
{image} {image}
Ignored
EW count is invalid. Wave 4 is retrace in wave 1.
 
 
  • Post #557,005
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  • Nov 4, 2020 11:37am Nov 4, 2020 11:37am
  •  fxmasterdxb
  • Joined May 2012 | Status: Senior Member | 2,503 Posts
Crazy sell limits? Yes but Im going to sleep and if biden wins we could see massive moves!
probability of reaching to those levels are less than 2%, however, if this 2% came in action I will be ready for it
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  • Post #557,006
  • Quote
  • Nov 4, 2020 11:52am Nov 4, 2020 11:52am
  •  Whale
  • Joined Jun 2013 | Status: Underwater | 10,079 Posts
fasten the seat belts the show is about to begin..
Be kind, the money will follow
 
 
  • Post #557,007
  • Quote
  • Nov 4, 2020 11:58am Nov 4, 2020 11:58am
  •  Barnell
  • | Membership Revoked | Joined Oct 2020 | 1,823 Posts
Quoting gatenio
Disliked
fasten the seat belts the show is about to begin..
Ignored
Ok captain, I'm ready, which way!
I will tear the world apart for you.
 
 
  • Post #557,008
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  • Nov 4, 2020 12:00pm Nov 4, 2020 12:00pm
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 7,664 Posts
Quoting Barnell
Disliked
{quote} Ok captain, I'm ready, which way!
Ignored
im setting tp at b/e 12950 cant see it going lower today . I'm done for the day.. s/l at 13150
 
 
  • Post #557,009
  • Quote
  • Nov 4, 2020 12:02pm Nov 4, 2020 12:02pm
  •  Barnell
  • | Membership Revoked | Joined Oct 2020 | 1,823 Posts
Quoting BeeTogether
Disliked
{quote} im setting tp at b/e 12950 cant see it going lower today . I'm done for the day.. s/l at 13150
Ignored
You are long from 1.2950?
I will tear the world apart for you.
 
 
  • Post #557,010
  • Quote
  • Nov 4, 2020 12:03pm Nov 4, 2020 12:03pm
  •  kk300
  • Joined Jan 2015 | Status: Member | 1,162 Posts
Quoting Barnell
Disliked
{quote} Ok captain, I'm ready, which way!
Ignored
All the way...
 
 
  • Post #557,011
  • Quote
  • Nov 4, 2020 12:04pm Nov 4, 2020 12:04pm
  •  Barnell
  • | Membership Revoked | Joined Oct 2020 | 1,823 Posts
Quoting kk300
Disliked
{quote} All the way...
Ignored
to....?

I don't board ships whereby the course isn't chartered!
I will tear the world apart for you.
 
 
  • Post #557,012
  • Quote
  • Edited 12:27pm Nov 4, 2020 12:15pm | Edited 12:27pm
  •  Moty
  • Joined Dec 2017 | Status: Member | 23,974 Posts
I WANT OUT , every move is 30-40 pips
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  • Post #557,013
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  • Nov 4, 2020 12:27pm Nov 4, 2020 12:27pm
  •  gespiri
  • Joined Oct 2011 | Status: Lost.... | 2,353 Posts
IMO, the US elections will go to the SCOTUS. Biden just received a spike of almost 200k votes exclusively from mail-in ballots which is clearly an anomaly.
What does this mean?
- This will be decided in days/weeks.
- Maybe a recount or a RE-VOTE; I've been hearing about using blockchain technology patented by the USPS back in Feb.
- This definitely bring uncertainty and volatility against the USD in those days/weeks.
I'm expecting GBP to rise against USD for this period. Whoever wins whenever will signal the reversal of that uptrend.
Which price level am I looking at? Around 1.3270 - 1.3300
Remember, just my opinion so you ultimately decide which strategy you implement.
Lost....
 
3
  • Post #557,014
  • Quote
  • Nov 4, 2020 12:36pm Nov 4, 2020 12:36pm
  •  ohakaba
  • | Joined Aug 2016 | Status: optimistic | 303 Posts
Quoting gespiri
Disliked
IMO, the US elections will go to the SCOTUS. Biden just received a spike of almost 200k votes exclusively from mail-in ballots which is clearly an anomaly. What does this mean? - This will be decided in days/weeks. - Maybe a recount or a RE-VOTE; I've been hearing about using blockchain technology patented by the USPS back in Feb. - This definitely bring uncertainty and volatility against the USD in those days/weeks. I'm expecting GBP to rise against USD for this period. Whoever wins whenever will signal the reversal of that uptrend. Which price...
Ignored
in summary uncertainty surrounding the dollar ;sell sell sell
 
 
  • Post #557,015
  • Quote
  • Nov 4, 2020 12:37pm Nov 4, 2020 12:37pm
  •  kk300
  • Joined Jan 2015 | Status: Member | 1,162 Posts
Quoting Barnell
Disliked
{quote} to....? I don't board ships whereby the course isn't chartered!
Ignored
Down...
 
 
  • Post #557,016
  • Quote
  • Nov 4, 2020 12:50pm Nov 4, 2020 12:50pm
  •  Headland
  • Joined Apr 2020 | Status: Limited posting | 5,754 Posts
...1hr/4hr and the likely daily candle certainly a reflection of where we are at re the U.s count...drop from 3140 on the Florida news then the move off 2913 reflective of an increasing sense that Biden has a slight edge in terms of a slightly more probable route to 270. That idiot in the White House will be a sore loser in any such tight eventuality and contest it, so as someone said above - it could drag on. Uncertain times but hopefully lots of volatility. Throw in some momentum and we got a ball game, - as they say stateside.
Intraday swing trader @ 1Hr+ supp/res & 5min+ sbr/rbs, via 1min+ set-ups
 
1
  • Post #557,017
  • Quote
  • Nov 4, 2020 12:56pm Nov 4, 2020 12:56pm
  •  Wavegarrick
  • Joined Sep 2017 | Status: Member | 3,433 Posts
[quote=gespiri;13245720]
Quoting Wavegarrick
Disliked
{quote} Hi Guys, Seeing that I am in a cyclic uptrend my strategy has been to buy a low as possible. Elections or not. The idea is to lock in quickly and hopefully when the results come out, there will be a spike in the right direction with some surving trades, even if some some trail stops are taken out . So far working for me and of course I am not greedy. All the best Cheers. {image}[/q What TP area are you looking at?
Ignored
Hi Gespiri,
Let me give you a brief indication of how I trade. When I have a direction I try and get in as low as possible and lock in quickly. If my trail stops are taken out I move on and look for a better price to enter. If it does not come I move on for the next cycle. I do scalp eitherway inbetween cycles and make my quick cash off that. which I don't post here. I just do not have the time to do that all day long, and don't want to confuse traders here. My core trades are what I post here. This is very important to me as it builds a solid foundation in the direction I am at. Trail stops get taken out but usually I get left with a trade or two at the bottom. These trades are what I term " Survivors ". I do not look for a target because I know the markets can change in an instant, but always by hook or crook I end up with trades in the direction that no one expected. After all, this is what makes trading so difficult. I simply piggy back the trends and try and get in at high and lows in ranging periods and the winner of the range, the high or low becomes my next trade direction. GU weekly is at the 5th consecutive week above 1.28772 (Blue horizontal line) on my chart and also my weekly 240 lwma and if we do not get a weekly close below 1.28772 soon I am afraid 1.33864 ish and above could be in the pipeline. The US elections of course need to be finalized, so it is load and lock in quick as anything can happen.
Cheers.
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Trade to trade another day
 
3
  • Post #557,018
  • Quote
  • Nov 4, 2020 1:04pm Nov 4, 2020 1:04pm
  •  ChiForex
  • Joined Jan 2019 | Status: Member | 1,046 Posts
227-213 for Biden. Senate very tight battle, Democrats won House.

Wisconsin and Michigan nearing Biden.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
 
 
  • Post #557,019
  • Quote
  • Nov 4, 2020 1:07pm Nov 4, 2020 1:07pm
  •  gespiri
  • Joined Oct 2011 | Status: Lost.... | 2,353 Posts
Quoting Wavegarrick
Disliked
Quoting gespiri
Disliked
{quote} Hi Gespiri, Let me give you a brief indication of how I trade. When I have a direction I try and get in as low as possible and lock in quickly. If my trail stops are taken out I move on and look for a better price to enter. If it does not come I move on for the next cycle. I do scalp eitherway inbetween cycles and make my quick cash off that. which I don't post here. I just do not have the time to do that all day long, and don't want to confuse traders here. My core trades are what I post here. This is very important
Ignored
...
Ignored
Thanks for the explanation.....you're looking at a supercycle point of view which requires a lot of patience.
Lost....
 
1
  • Post #557,020
  • Quote
  • Nov 4, 2020 1:08pm Nov 4, 2020 1:08pm
  •  BitcoinBoff
  • | Joined Aug 2019 | Status: Member | 385 Posts
Quoting ChiForex
Disliked
227-213 for Biden. Senate very tight battle, Democrats won House. Wisconsin and Michigan nearing Biden.
Ignored

Yep, if all just stay as it is, and finish out the way it is now, it will be a Biden win

Holding thumbs....anything, as long as Trumpy gets the boot
 
 
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