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Cable Update (GBPUSD)

  • #560,921
  • Nov 25, 2020 4:08am Nov 25, 2020 4:08am
Quoting Catempire
Todays daily will end up an engulfing candle closing below yesterdays low.

I had the same dream last night!
  • #560,922
  • Nov 25, 2020 4:08am Nov 25, 2020 4:08am
Soulreader cheers for the link

"With Britain’s full exit from the European Union approaching on Dec. 31 - and no new trade agreement yet secured - Sunak is likely to announce more spending on customs operations and possibly replacement subsidies for farmers."

"Britain is on course for a record economic crash this year - the Bank of England forecasts an 11% slump - and its recovery has been weaker than those of other big economies."
Que Sera
  • #560,923
  • Nov 25, 2020 4:11am Nov 25, 2020 4:11am
...Britain is spending money it doesn't have like a man with no arms...We are borrowing more - that's what 40 years of so called hayek economics/moneterism/reaganomics/thatcherism/coming off the gold standard does for you - debt to gdp at crazy levels, no one dare mention debt to govt income % (ie ability to service it - which is all that ever happens cause it never get's repaid - just serviced and rolled over.) - We have entered the U.s's la la land economics phase now - just borrow borrow borrow and borrow some more and one day at the first sign of a western nation having a sovereign debt default (other than Greece) have a big re-set conference and this time instead of lending them more money to pay their debts (doh!) re the so called 'Greek solution' - let's all agree to lop a zero off everyone's balance sheets - it's coming you just know it.
Trader with an Edge.
  • #560,924
  • Nov 25, 2020 4:13am Nov 25, 2020 4:13am
Quoting gatenio
{quote} base on..?
this
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yes yes yes
  • #560,925
  • Nov 25, 2020 4:17am Nov 25, 2020 4:17am
Quoting Catempire
Soulreader cheers for the link "With Britain’s full exit from the European Union approaching on Dec. 31 - and no new trade agreement yet secured - Sunak is likely to announce more spending on customs operations and possibly replacement subsidies for farmers." "Britain is on course for a record economic crash this year - the Bank of England forecasts an 11% slump - and its recovery has been weaker than those of other big economies."
For me bearish, still not tested weekly 1.3060 pivot, Anything below 1.3200 daily closing, open the door for 1.3060. Good Luck all of you guys.
  • #560,926
  • Nov 25, 2020 4:17am Nov 25, 2020 4:17am
Quoting Headland
...Britain is spending money it doesn't have like a man with no arms...We are borrowing more - that's what 40 years of so called hayek economics/moneterism/reaganomics/thatcherism/coming off the gold standard does for you - debt to gdp at crazy levels, no one dare mention debt to govt income % (ie ability to service it - which is all that ever happens cause it never get's repaid - just serviced and rolled over.) - We have entered the U.s's la la land economics phase now - just borrow borrow borrow and borrow some more and one day at the first sign...
I agree. All fiat currencies collapse in the end, its only a matter of time.
A fool and his money are easily parted
  • #560,927
  • Nov 25, 2020 4:20am Nov 25, 2020 4:20am
Anyone else get the feeling this is going to drop like a sack of S**t soon ??
Que Sera
  • #560,928
  • Nov 25, 2020 4:21am Nov 25, 2020 4:21am
Quoting Catempire
Anyone else get the feeling this is going to drop like a sack of S**t soon ??
I am keenly waiting for it.
  • #560,929
  • Nov 25, 2020 4:22am Nov 25, 2020 4:22am
Quoting stardust83
Hello guys, i think yesterday we have broken a good trend line and now we are in retest before going up {image} have a good day
Broken triangle -> brexit news -> come back

I think it's just postponed but, nothing sure





I think it's just postponed
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  • #560,930
  • Nov 25, 2020 4:25am Nov 25, 2020 4:25am
Are my fellow bulls ready? 1.333 is our kickoff zone.. BraceUp for the ride

SS
  • #560,931
  • Nov 25, 2020 4:25am Nov 25, 2020 4:25am
Quoting Moty
{quote} this {image}
still holding this terror trade.

all big trend 1h-to weekly are up.
as long h1 is not down bears keep cross their fingers and pray.
i would like to get massive drop of 50 pips just to buy is safer.
  • #560,932
  • Nov 25, 2020 4:28am Nov 25, 2020 4:28am
Quoting JayBag
Are my fellow bulls ready? 1.333 is our kickoff zone.. BraceUp for the ride SS
What about 13319 ?
Que Sera
  • #560,933
  • Nov 25, 2020 4:28am Nov 25, 2020 4:28am
Quoting Maximumheigh
{quote} The Bear still warming up. More downward move coming. 1.326x possible
60pips down. More downward move towards the quoted price sited. let kiss the Bear!!!
  • #560,934
  • Nov 25, 2020 4:31am Nov 25, 2020 4:31am
...steepest 1hr/4hr asc t/line breeched to downside. 1hr below.
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Trader with an Edge.
  • #560,935
  • Nov 25, 2020 4:36am Nov 25, 2020 4:36am
Quoting Catempire
Anyone else get the feeling this is going to drop like a sack of S**t soon ??

Your starting to sound desperate either to be proven right or you have overleveraged yourself on shorts, personally i do not care, it can drop to where it likes , i have very much enjoyed and profited from all the buying over the past weeks and when the bear trend is truly signalled i will start to take short trades and make money there.
Follow The Markets Structure - Patience and Discipline
  • #560,936
  • Nov 25, 2020 4:38am Nov 25, 2020 4:38am
Quoting pipfarm
{quote} Your starting to sound desperate
Attached Image
Trader with an Edge.
  • #560,937
  • Nov 25, 2020 4:40am Nov 25, 2020 4:40am
Quoting Kampion
{quote} 3 day range/sideway as you sensed.
Exactly. That's why I put a testing short. We'll see what will happen next.
  • #560,938
  • Nov 25, 2020 4:43am Nov 25, 2020 4:43am
Quoting JayBag
Are my fellow bulls ready? 1.333 is our kickoff zone.. BraceUp for the ride SS
It time for bull. Haha
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  • #560,939
  • Nov 25, 2020 4:47am Nov 25, 2020 4:47am
Quoting pipfarm
{quote} Your starting to sound desperate either to be proven right or you have overleveraged yourself on shorts, personally i do not care, it can drop to where it likes , i have very much enjoyed and profited from all the buying over the past weeks and when the bear trend is truly signalled i will start to take short trades and make money there.
So very far from it.

You were a bull this morning.. now? "I don't care" why? because you are & were wrong.

As i say i don't do this often and when i do i trust my conviction.... What you do is out and out gambling... wrong, right, wrong, right. Pointless.

Good day.
Que Sera
  • #560,940
  • Nov 25, 2020 4:49am Nov 25, 2020 4:49am
Quoting Catempire
{quote} What about 13319 ?
It’s the area the gods told me we going to have the aggressive bounce.. Remember, the gods are wise

Let’s give it a few hours from now
SS
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