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Cable Update (GBPUSD)

  • #557,741
  • Nov 8, 2020 6:29am Nov 8, 2020 6:29am
Quoting NotAtrader
{quote} How easy it is to price in an election when no one knows the outcome. GBPUSD has moved up around 200 since the counting started. Is 200 pips enough to say that the election is priced in? I doubt that, but you may be right.
I guess we will be able to tell by next week, my argument is biden has been leading and the more confirmation we were getting, the usd was getting weaker hence my expectation of biden presidency being priced in
  • #557,742
  • Nov 8, 2020 6:40am Nov 8, 2020 6:40am
for me 1.302 is the price that will give us the picture for this week.

i hope we will get there soon cause i wont do nothing till then.
  • #557,743
  • Nov 8, 2020 6:49am Nov 8, 2020 6:49am
Quoting BeeTogether
{quote} There is definitely scope for bearish trends here, however the first day or so could be bullish to soak up the US election results. Potentially 1.33 area top end and a 1.3 area lower end. So looking at a 300 pip range. However, the threat of a no deal Brexit can push the GU lower. There is also a risk that the current UK lockdown might be extended which could push it down further {image}
GU-short
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  • #557,744
  • Nov 8, 2020 7:05am Nov 8, 2020 7:05am
Quoting joesherwood
Hello all. This is a new article I have put together regarding technical analysis and market structure, it gives readers an insight on how I personally look at the charts whilst also including some of my trades also. It’s about a 10 minute read. Thankyou for your time if you do read it. Any feedback please send it via DM, I would greatly appreciate it. This not an advertisement whatsoever, its free to view and i get nothing from it, its for those who are on the platform to seek some help. https://joeshrwood.medium.com/education-9cb3b9fc0463...
You have 2 free member-only stories left this month.
Sign up for Medium and get an extra one

??????????????
I will tear the world apart for you.
  • #557,745
  • Nov 8, 2020 7:06am Nov 8, 2020 7:06am
Quoting BeeTogether
There is also a risk that the current UK lockdown might be extended which could push it down further
Didn't we already had this last week, saw a gap down of 150 pips on IG trading but only opened 30 pips down?
I will tear the world apart for you.
  • #557,746
  • Nov 8, 2020 7:31am Nov 8, 2020 7:31am
it's still early to go SHORT.... over .3180 next step is .3250
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  • #557,747
  • Nov 8, 2020 7:40am Nov 8, 2020 7:40am
Quoting Barnell
{quote} Didn't we already had this last week, saw a gap down of 150 pips on IG trading but only opened 30 pips down?
no that was the initial lockdown if it gets extended past December then the GU will tank like Moty’s hammer
Insane in the Brain..
  • #557,748
  • Nov 8, 2020 7:46am Nov 8, 2020 7:46am
Quoting Barnell
{quote} You have 2 free member-only stories left this month. Sign up for Medium and get an extra one ??????????????
huh? Medium is a paid membership to view unlimited articles. However I the writer gets nothing from views. I don’t understand your point.
  • #557,749
  • Nov 8, 2020 8:02am Nov 8, 2020 8:02am
after biden =POTUS then what to expect for the dollar?

buy the fact? or still continues sell the rumors before haha
Bismillah
  • #557,750
  • Nov 8, 2020 8:17am Nov 8, 2020 8:17am
Quoting joesherwood
{quote} huh? Medium is a paid membership to view unlimited articles. However I the writer gets nothing from views. I don’t understand your point.
You're still advertising something that requires paying. That's a commercial agenda, like it or not.
I will tear the world apart for you.
  • #557,751
  • Nov 8, 2020 8:20am Nov 8, 2020 8:20am
Quoting BeeTogether
{quote} no that was the initial lockdown if it gets extended past December then the GU will tank like Moty’s hammer
Potato potah-toe bruh.

If anything, I would reckon an initial lockdown will cause more panic because it means all the good stuff have been undone and we essentially revert back to previous months' standings.

What I'm saying is we never know...we can only speculate!
I will tear the world apart for you.
  • #557,752
  • Nov 8, 2020 8:49am Nov 8, 2020 8:49am
some comedy
Inserted Video


6:10 min to instant laugh
  • #557,753
  • Nov 8, 2020 9:03am Nov 8, 2020 9:03am
Quoting Barnell
{quote} Potato potah-toe bruh. If anything, I would reckon an initial lockdown will cause more panic because it means all the good stuff have been undone and we essentially revert back to previous months' standings. What I'm saying is we never know...we can only speculate!
Totally the initial panic was helped by the election which seemed to have a stronger gravitation. Let’s see how this week pans out.
Insane in the Brain..
  • #557,754
  • Nov 8, 2020 9:08am Nov 8, 2020 9:08am
Quoting joesherwood
{quote} huh? Medium is a paid membership to view unlimited articles. However I the writer gets nothing from views. I don’t understand your point.
Why would you use medium, anyway? It costs a few bucks to set up your own blog on your own website and be in 100% power over everything.
Everyone can see the chart, but only a few can actually read it.
  • #557,755
  • Nov 8, 2020 9:08am Nov 8, 2020 9:08am
Quoting BeeTogether
{quote} Totally the initial panic was helped by the election which seemed to have a stronger gravitation. Let’s see how this week pans out.
IG weekend trading is at 1.3156 at the moment isn't it?
I will tear the world apart for you.
  • #557,756
  • Nov 8, 2020 9:27am Nov 8, 2020 9:27am
Quoting Erebus
{quote} That's a joke, right? Do you really need all that extra toppings on your pizza?
Hi Guys,
My View with an extra topping on my pizza for the coming week. If it does not work out I will eat that whole Pizza and order an extra-large pizza with a double topping and drown my sorrows in that.
There is a good chance that my future weekly pivot at 1.30575 ish could be tested and if a break below we could be set for a correction downwards. I do not act impulsively but rather on confirmation.

X-mas is around the corner so a good time to have a X-mas tree.

Have a great week Guys.
Cheers
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Trade to trade another day
  • #557,757
  • Nov 8, 2020 9:28am Nov 8, 2020 9:28am
Quoting Wavegarrick
{quote} Hi Waih I have a dedicated thread over at Steve Hopwood's forex forum where my system is shared with one and all. Template and indicators all there. To post a full system here and educate those interested won't be cool. Hope it helps. Cheers.
Whats the name of the thread?
You can do it!
  • #557,758
  • Nov 8, 2020 9:30am Nov 8, 2020 9:30am
Quoting Barnell
{quote} IG weekend trading is at 1.3156 at the moment isn't it?
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Insane in the Brain..
  • #557,759
  • Nov 8, 2020 9:35am Nov 8, 2020 9:35am
Quoting OnlineAddict
{quote} Why would you use medium, anyway? It costs a few bucks to set up your own blog on your own website and be in 100% power over everything.
I like the platform
  • #557,760
  • Nov 8, 2020 9:47am Nov 8, 2020 9:47am
Quoting Kampion
{quote} Whats the name of the thread?
Kampion, firstly, by asking all these questions, you are putting me at risk of promoting a different service. I don't promote anything but merely trying to help fellow traders. I have done this selflessly for many years and would like to keep it at that. Do your due diligence and search the forum.
Cheers
Friend.
Trade to trade another day
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