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Cable Update (GBPUSD)

  • #559,081
  • Nov 16, 2020 7:09am Nov 16, 2020 7:09am
if daily pivot breaks, another 40 pips down.
Intraday only.
  • #559,082
  • Nov 16, 2020 7:11am Nov 16, 2020 7:11am
Quoting navk
if daily pivot breaks, another 40 pips down.
i think your first call of the day still valid, no the right path, but in the end you were right.. just my opinion
  • #559,083
  • Nov 16, 2020 7:29am Nov 16, 2020 7:29am
the drop is coming
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close up
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yes yes yes
  • #559,084
  • Nov 16, 2020 7:32am Nov 16, 2020 7:32am
took another buy. 1.317..
sl 20
tp open.. but aim high..
  • #559,085
  • Nov 16, 2020 7:34am Nov 16, 2020 7:34am
I believe while the USD remains suspectible, GBP is fundamentally not strong, especially with Brexit looming. The deal will not benefit UK. I am expecting a massive fall regardless. Big boys should have positioned and priced in a deal long ago.

I am short at 1.3200, with SL at 1.33, I'm targeting 1.29 at least. Risking 100 pips with target of 300 pips.
  • #559,086
  • Nov 16, 2020 7:36am Nov 16, 2020 7:36am
So you guys are still selling gold
  • #559,087
  • Nov 16, 2020 7:39am Nov 16, 2020 7:39am
what???
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  • #559,088
  • Nov 16, 2020 7:41am Nov 16, 2020 7:41am
Quoting gatenio
what??? {image}
meaning?
Le$$ I$ More
  • #559,089
  • Nov 16, 2020 7:42am Nov 16, 2020 7:42am
Quoting Roszey
{quote} meaning?
i have no idea what the meaning..
that why the what..
  • #559,090
  • Nov 16, 2020 7:42am Nov 16, 2020 7:42am
Quoting gatenio
what??? {image}
Hmm ECB caring about the exchange rate ? Something is not right, its not in its mandate.

Scary times ahead?
COT: The precious data ignored
  • #559,091
  • Nov 16, 2020 7:45am Nov 16, 2020 7:45am
Quoting kuroro001
{quote} Hmm ECB caring about the exchange rate ? Something is not right, its not in its mandate. Scary times ahead?
for EU?
  • #559,092
  • Nov 16, 2020 7:45am Nov 16, 2020 7:45am
Quoting gatenio
what??? {image}
i would say eur will go deep
  • #559,093
  • Nov 16, 2020 7:47am Nov 16, 2020 7:47am
Quoting kuroro001
{quote} Hmm ECB caring about the exchange rate ? Something is not right, its not in its mandate. Scary times ahead?
They always say they don't, during the ECB conference and someone always says they do, when EU goes too high. Been happening for years.

Those tweets are never a big mover, though...just a zig zag.
Everyone can see the chart, but only a few can actually read it.
  • #559,094
  • Nov 16, 2020 7:52am Nov 16, 2020 7:52am
Quoting HBN08
{quote} i would say eur will go deep
just bring my cable to 1.335 first
  • #559,095
  • Nov 16, 2020 7:52am Nov 16, 2020 7:52am
Quoting gatenio
{quote} for EU?
Yes, so most likely the dollar
COT: The precious data ignored
  • #559,096
  • Nov 16, 2020 7:53am Nov 16, 2020 7:53am
Quoting KovanHeretic
I believe while the USD remains suspectible, GBP is fundamentally not strong, especially with Brexit looming. The deal will not benefit UK. I am expecting a massive fall regardless. Big boys should have positioned and priced in a deal long ago. I am short at 1.3200, with SL at 1.33, I'm targeting 1.29 at least. Risking 100 pips with target of 300 pips.
But your stop level may be too close considering some sharp spikes, the trade direction is smart though.
Data + Stat + Risk/Emotions Management
  • #559,097
  • Nov 16, 2020 7:54am Nov 16, 2020 7:54am
Quoting OnlineAddict
{quote} They always say they don't, during the ECB conference and someone always says they do, when EU goes too high. Been happening for years. Those tweets are never a big mover, though...just a zig zag.
They have to look at it for sure, but they can't say publicly they move the exchange rate

Their mandate is to stabilize inflation, using all the tools they have

I don't even pay attention to these tweets really
COT: The precious data ignored
  • #559,098
  • Nov 16, 2020 7:58am Nov 16, 2020 7:58am
Quoting kuroro001
{quote} They have to look at it for sure, but they can't say publicly they move the exchange rate Their mandate is to stabilize inflation, using all the tools they have I don't even pay attention to these tweets really
The ECB conference is a comedy show...I remember when they asked Draghi about the euro value...and he pretended like he had to look at the screen to check what the value actually was. Its all clowns there.
Everyone can see the chart, but only a few can actually read it.
  • #559,099
  • Nov 16, 2020 8:02am Nov 16, 2020 8:02am
Quoting OnlineAddict
{quote} The ECB conference is a comedy show...I remember when they asked Draghi about the euro value...and he pretended like he had to look at the screen to check what the value actually was. Its all clowns there.
Haha Draghi was a funny one indeed

All they have been doing for years didn't help anything or anyone
COT: The precious data ignored
  • #559,100
  • Nov 16, 2020 8:06am Nov 16, 2020 8:06am
Quoting kuroro001
{quote} Haha Draghi was a funny one indeed All they have been doing for years didn't help anything or anyone
They only want to help themselfs, like politicians, no exceptions.
Everyone can see the chart, but only a few can actually read it.
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