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Cable Update (GBPUSD)

  • #561,221
  • Nov 26, 2020 2:37am Nov 26, 2020 2:37am
Breakout Previoud Low Swing with High Volume....
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  • #561,222
  • Nov 26, 2020 2:39am Nov 26, 2020 2:39am
Quoting Yngwie
I guess max today is 1.3400. Bear take over to downside {image}
LoL 1.3400 untouchable. Today we start all over again to the downside
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #561,223
  • Nov 26, 2020 2:40am Nov 26, 2020 2:40am
Quoting Moty
{quote} i accept and respect your opinion . i am looking at Frankfurt open big bearish candle , if it break , it will at least test the rising trend line. 1.33796 has proven it self as a massive resistance {image}
Fair enough M.. Let's give it some time

SS
  • #561,224
  • Nov 26, 2020 2:42am Nov 26, 2020 2:42am
bought some back at my 3359 resistance which it bounced off nicely. early days for this move though.
In tea leaves we trust!
  • #561,225
  • Nov 26, 2020 2:42am Nov 26, 2020 2:42am
Quoting JayBag
{quote} Fair enough M.. Let's give it some time SS
Dear I need to ask a question, why people’s think GBP going new highs 1.37-1.4, did anything good in Uk ? Or only for dollar weakness?
  • #561,226
  • Nov 26, 2020 2:49am Nov 26, 2020 2:49am
Quoting soulreader
{quote} Dear I need to ask a question, why people’s think GBP going new highs 1.37-1.4, did anything good in Uk ? Or only for dollar weakness?
FOMC and BoA policies
Always Defend your investment 1775
  • #561,227
  • Nov 26, 2020 2:49am Nov 26, 2020 2:49am
I do believe today the teddy bears start to have their picnic
Que Sera
  • #561,228
  • Nov 26, 2020 2:51am Nov 26, 2020 2:51am
Quoting Catempire
I do believe today the teddy bears start to have their picnic
only a belief? where is the proof or knowledge? =)
Always Defend your investment 1775
  • #561,229
  • Nov 26, 2020 2:52am Nov 26, 2020 2:52am
Quoting Roszey
Selles will start spamming soon!!
That is how we roll! You need the sellers to bring it down for you to buy, don't you?
  • #561,230
  • Nov 26, 2020 2:53am Nov 26, 2020 2:53am
Quoting Hunterrus84
{quote} only a belief? where is the proof or knowledge? =)
It’s still trading under the multi year trend & struggled to get close to 13400 on any meaningful level.. bulls get tired & bears will start eating sandwiches & drinking beers.
Que Sera
  • #561,231
  • Nov 26, 2020 2:54am Nov 26, 2020 2:54am
Quoting soulreader
{quote} Dear I need to ask a question, why people’s think GBP going new highs 1.37-1.4, did anything good in Uk ? Or only for dollar weakness?
Hi Soul,

I am not sure about other people’s ideas. I am also not a big fan of fundis (not saying it should be disregarded either)..

My idea for 1.37146 is simply based off on GBPUSD chart. Without saying it, you can sense that I am a Technical trader. My Techs are telling that GU will rise and I have been following that idea for a while now..

I hope I was able to answer your question
SS
  • #561,232
  • Nov 26, 2020 2:56am Nov 26, 2020 2:56am
Loading my final batch at the top of the bull setup from yesterday.. To be precise, 1.33555 is the top and 1.33294 is the bottom..

From here, if the bulls wants to party, they have my blessings ..

SS traders
  • #561,233
  • Nov 26, 2020 3:00am Nov 26, 2020 3:00am
closed out m longs, more watching.
In tea leaves we trust!
  • #561,234
  • Nov 26, 2020 3:01am Nov 26, 2020 3:01am
Quoting Mcbeaners
bought some back at my 3359 resistance which it bounced off nicely. early days for this move though.
You are trying to pick up bottom of a strong move at a relatively high price. Maybe it works for you, but I have to say it almost never worked for me.
  • #561,235
  • Nov 26, 2020 3:02am Nov 26, 2020 3:02am
Quoting JayBag
{quote} Hi Soul, I am not sure about other people’s ideas. I am also not a big fan of fundis (not saying it should be disregarded either).. My idea for 1.37146 is simply based off on GBPUSD chart. Without saying it, you can sense that I am a Technical trader. My Techs are telling that GU will rise and I have been following that idea for a while now.. I hope I was able to answer your question SS
Thanks, for me me still march candle need to fill, if yearly patterns showing clear breakout and sustain I am going to buy, anyhow, Good luck
  • #561,236
  • Nov 26, 2020 3:03am Nov 26, 2020 3:03am
I wouldn’t say this pair is bearish but it’s definitely weak bull play shorted at 1.3391 for a good pull back
Keep it simple stupid
  • #561,237
  • Nov 26, 2020 3:04am Nov 26, 2020 3:04am
Quoting Craven64
I wouldn’t say this pair is bearish but it’s definitely weak bull play shorted at 1.3391 for a good pull back
It might not be bearish atm but it will be once its below 13150

per hats when the indicators will kick in lol
Que Sera
  • #561,238
  • Nov 26, 2020 3:08am Nov 26, 2020 3:08am
“UK FINANCE MINISTER SUNAK: WE ARE PREPARED FOR BREXIT WITH OR WITHOUT A DEAL.”

Que Sera
  • #561,239
  • Nov 26, 2020 3:09am Nov 26, 2020 3:09am
Quoting Hunterrus84
{quote} FOMC and BoA policies
Could you expand?
From what I see, rates are low for both, with BoE maybe more tolerant towards negative rates.
Both will have to support economy and increased government spending, with FOMC maybe buying more for now, but with UK deficit of 20% GDP in 2021 (and probably more because of Brexit), UK will quickly catch up.
  • #561,240
  • Nov 26, 2020 3:10am Nov 26, 2020 3:10am
Quoting VM.
{quote} You are trying to pick up bottom of a strong move at a relatively high price. Maybe it works for you, but I have to say it almost never worked for me.
i know high risk. i don't trade the london open due to time zone and its impulsiveness. just reckon us session will be dead.
In tea leaves we trust!
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