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Cable Update (GBPUSD)

  • #560,561
  • Nov 23, 2020 2:05pm Nov 23, 2020 2:05pm
Quoting nessus94
{quote} Better chance for 1,40 then 1,30
Why ?
Que Sera
  • #560,562
  • Nov 23, 2020 2:09pm Nov 23, 2020 2:09pm
Quoting Catempire
{quote} Why ?
Chart

look what it does
every fall is trapping sellers, then it rises back on top
today is another trap for new highs
Make money by doing the opposite of Giveachance aka loser
  • #560,563
  • Nov 23, 2020 2:09pm Nov 23, 2020 2:09pm
... 50% of today's 3398-3264 fall reached at the current p/back hi. 1hr below.
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Trader with an Edge.
  • #560,564
  • Nov 23, 2020 2:10pm Nov 23, 2020 2:10pm
Quoting ZTrader123
{quote} Will biden weaken or strengthen it?
More Like...
"Dismantle it" Ztrader. But that's alright.
See everyone "thinks" the new Emperor will have new clothes, -better than the last one.
So, there will be this feeling of 'elation' & freedom & even entitlement from the new Emperor.
-Even though him & esp. his son don't wear clothes. -Esp not in Swimming Pools,
When the Detail is all Secret Service Women. (Cobra-Cobra).

But nobody really knows ZTrader- Just trade each day, what's in front of you,
and don't worry about it. Most of us don't care to either way.
Best of Pipping,
Back to my Bull Stories...
I will work to Objectively Identify my Edges
  • #560,565
  • Nov 23, 2020 2:11pm Nov 23, 2020 2:11pm
Quoting Catempire
{quote} Not at all mate, not in the slightest. We still have a deal with the EU, we can still trade in the Block. Everything from customs checks, rules in the sky to finance rules will alter potentially dramatically as of 31st December 2020. UK's GDP will take a big hit and with it as will the £
Yeah, people underestimate the level of changes (which are huge) and overestimate UK preparedness (close to zero) and ability to quickly react (with UK government probably the most incompetent in centuries).
  • #560,566
  • Nov 23, 2020 2:12pm Nov 23, 2020 2:12pm
yup its a bear trap imo. i'll close at today's highs, probably just before the uk opens. after that we'l see.
In tea leaves we trust!
  • #560,567
  • Nov 23, 2020 2:13pm Nov 23, 2020 2:13pm
Quoting Davit
{quote} +2k
This attention seeker is back again

Every few weeks he will talk about leaving the forum to focus on bla bla.. Give it a couple of weeks and he will be back to stroke his ego with some small profits made

Obviously can't live without praises from his clueless sheep.
  • #560,568
  • Nov 23, 2020 2:14pm Nov 23, 2020 2:14pm
Quoting VM.
{quote} Yeah, people underestimate the level of changes (which are huge) and overestimate UK preparedness (close to zero) and ability to quickly react (with UK government probably the most incompetent in centuries).
Yep. The general public "Know exactly what it entails"

Yeah ok. lol

How can people think that UK can leave its (almost) only trading partner & the pound to remain strong.

And the reason its not priced in yet is because the market thinks there will still be a deal... there has never been any intention to secure a deal.
Que Sera
  • #560,569
  • Nov 23, 2020 2:16pm Nov 23, 2020 2:16pm
Quoting nessus94
{quote} Chart look what it does every fall is trapping sellers, then it rises back on top today is another trap for new highs
You say its trapping sellers...

Clearly not as most traders are long, based entirely on technicals.
Que Sera
  • #560,570
  • Nov 23, 2020 2:22pm Nov 23, 2020 2:22pm
expectation
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99.9% persistence
  • #560,571
  • Nov 23, 2020 2:28pm Nov 23, 2020 2:28pm
closed my breakeven position. am holding 1
99.9% persistence
  • #560,572
  • Nov 23, 2020 2:32pm Nov 23, 2020 2:32pm
Ok,
So my boys made it over that filthy Red-River,
-Just enough to poke their noses out, over the 50%-tile.
-(I told them to do this, to show they wanted more).
But i also instructed them to close a candle over the river, -or
the Bears or Alligators might get them in that Murky Water.

I really can't understand any Weakness, because Biden just picked Yellen.
That should lead to "DollA-Weakness", because Yellen believes in
"A little Inflation, Good for the Soul"...
In the same Federal Open Market Committee meeting, Yellen said,
"To me, a wise and humane policy is occasionally to let inflation rise

So that should lead us to an 'Eventual', Rising Dow...
And thus, Weaker, Inflated "DollA". -We shall see.
My boys put their Scuba Gear back on, they seem to like that
Filthy Water... "Get Outta There Guys," Let's please have a "go" at the 61.8.
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I will work to Objectively Identify my Edges
  • #560,573
  • Nov 23, 2020 2:34pm Nov 23, 2020 2:34pm
Quoting VM.
{quote} Reminded me of a joke: A cat lover visits a lady who just gave birth to twins. He looks at the babies with much interest and finally says: Well, if I were you, I would keep this one.


i hope the lady made the right choice...
Le$$ I$ More
  • #560,574
  • Nov 23, 2020 2:35pm Nov 23, 2020 2:35pm
Quoting Catempire
{quote} And the reason its not priced in yet is because the market thinks there will still be a deal... there has never been any intention to secure a deal.
There may still be a deal... politically, Johnson may not afford another failure. But at this point, "deal" is not that much different from no deal. It is a very hard Brexit which also does not cover financial services. (And the whole reason why UK outperformed mainland Europe was that we were financial gateway to EU.) If however a deal fails, then a fall would be spectacular.
  • #560,575
  • Nov 23, 2020 2:40pm Nov 23, 2020 2:40pm
Quoting Catempire
{quote} Yep. The general public "Know exactly what it entails" Yeah ok. lol How can people think that UK can leave its (almost) only trading partner & the pound to remain strong. And the reason its not priced in yet is because the market thinks there will still be a deal... there has never been any intention to secure a deal.
well if they create the idea they have left and its in name only. just create some other agreement that locks the uk into the euro zone. i mean it aint that hard to leave, you just walk out but they don't want you to leave, the game just goes on and on until they say well we can't leave really do it and this is the best of a bad job.
In tea leaves we trust!
  • #560,576
  • Nov 23, 2020 2:40pm Nov 23, 2020 2:40pm
Quoting Chenko
{quote} This attention seeker is back again Every few weeks he will talk about leaving the forum to focus on bla bla.. Give it a couple of weeks and he will be back to stroke his ego with some small profits made Obviously can't live without praises from his clueless sheep.
you seem to know him well.

He is human just like you.. so he is entitled to flaws.
Le$$ I$ More
  • #560,577
  • Nov 23, 2020 2:42pm Nov 23, 2020 2:42pm
Quoting VM.
{quote} There may still be a deal... politically, Johnson may not afford another failure. But at this point, "deal" is not that much different from no deal. It is a very hard Brexit which also does not cover financial services. (And the whole reason why UK outperformed mainland Europe was that we were financial gateway to EU.) If however a deal fails, then a fall would be spectacular.
"
No-deal Brexit to cost more than Covid, Bank of England governor says
Andrew Bailey said failure to agree to deal would cause long-term damage to UK economy"

No-deal Brexit to cost more than Covid, Bank of England governor says | Brexit | The Guardian

Thats exactly the point mate.... even a deal this baby still goes lower, its a case of how low does she go...

Staring at a 15 year trendline "To the pip" pretty sure she's not trapping sellers.
Que Sera
  • #560,578
  • Nov 23, 2020 2:46pm Nov 23, 2020 2:46pm
know one knows the future not even the CB-dealers. as much as they can plan, but the future is full of uncertainty. my fellow traders lest just trade price and watch out for red news.
99.9% persistence
  • #560,579
  • Nov 23, 2020 2:58pm Nov 23, 2020 2:58pm
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yes yes yes
  • #560,580
  • Nov 23, 2020 3:07pm Nov 23, 2020 3:07pm
am.. out
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99.9% persistence
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