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Cable Update (GBPUSD)

  • #561,561
  • Nov 27, 2020 1:03am Nov 27, 2020 1:03am
Quoting phoenix777
There will be another day to trade this pair, with a clearer trend
The market ranges just as much it trends, being savvy enough to remain profitable in all market conditions is the key.
  • #561,562
  • Nov 27, 2020 1:04am Nov 27, 2020 1:04am
have entered long cad 1lot 1 2989 sl 13pips, I think is cheap entry, could be killed in a blink
If you are new to Forex? Say Goodbye to your account!!
  • #561,563
  • Nov 27, 2020 1:04am Nov 27, 2020 1:04am
Quoting krakFX
{quote} The market ranges just as much it trends, being savvy enough to remain profitable in all market conditions is the key.
i'm no expert, so i'll stay with my edge
  • #561,564
  • Nov 27, 2020 1:07am Nov 27, 2020 1:07am
the drop is coming
Attached Image (click to enlarge)
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yes yes yes
  • #561,565
  • Nov 27, 2020 1:09am Nov 27, 2020 1:09am
Quoting Moty
the drop is coming {image}
I call your big drop, and raise you a modest bull run! 1.3415.
  • #561,566
  • Nov 27, 2020 1:27am Nov 27, 2020 1:27am
G/M, price still contained by the 4hr/dly rising wedge, the recovery pullback off y/day's 3322 lo reaching 76.4% of the 3398-3322 fall at it's hi. 1hr below. Diamond pattern on 5min now.
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Trader with an Edge.
  • #561,567
  • Nov 27, 2020 1:27am Nov 27, 2020 1:27am
As much as I would like Brexit to happen, I wouldn't be surprised if they announce another extension this weekend in 2021Q1.

They've been doing this bullshit for the past 4+ years.....
Lost....
  • #561,568
  • Nov 27, 2020 1:28am Nov 27, 2020 1:28am
On the sidelines for the time being, but as a bear, would really like to see a strong push to 1.35, as unlikely as it looks at the moment. We all know GU has an unfinished business at 1.35, and GU is usually good at reaching exactly those levels everyone expected. I reckon we have a few days left to achieve that (beginning of new month will probably bring new trend), maybe helped by end of month flows. Also, all those stops just above 1.34... shouldn't they be taken?
  • #561,569
  • Nov 27, 2020 1:34am Nov 27, 2020 1:34am
Quoting krakFX
{quote} I call your big drop, and raise you a modest bull run! 1.3415.
no my friend , you need to instant fold
Attached Image (click to enlarge)
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yes yes yes
  • #561,570
  • Nov 27, 2020 1:35am Nov 27, 2020 1:35am
Quoting KiwiTrada
have entered long cad 1lot 1 2989 sl 13pips, I think is cheap entry, could be killed in a blink
isnt that just fuken typical watching cad and swissy for longs, enter cad, and swissy takes of like a rocket, well eu should take a hit all is well
If you are new to Forex? Say Goodbye to your account!!
  • #561,571
  • Nov 27, 2020 1:40am Nov 27, 2020 1:40am
Gold dropped because there was positive news coming in regarding the Covid19 vaccine. Now we are hearing daily some setback or another. Why isnt Gold reacting to it?
  • #561,572
  • Nov 27, 2020 1:43am Nov 27, 2020 1:43am
Quoting gespiri
As much as I would like Brexit to happen, I wouldn't be surprised if they announce another extension this weekend in 2021Q1. They've been doing this bullshit for the past 4+ years.....
I guess you are a Brexiter... Just out of curiosity, what kind of ending do you want? There are three realistic options:
1) deal is concluded now (but with level-playing field arrangements, as EU would not have it otherwise);
2) no deal is concluded now, and we continue negotiations in the year(s) to come;
3) we sever ties with Europe and go to war (trade war first, but then who knows).

Or maybe you see another option?
  • #561,573
  • Nov 27, 2020 1:51am Nov 27, 2020 1:51am
Quoting Moty
{quote} no my friend , you need to instant fold {image}
Maybe it all comes out in the wash. What ive learnt is, a few percent is a few percent. If youre chasing 2 percent over a scalp or a drawn out swing trade. Id rather rinse and repeat on daily momentum, compared to watching profits vanish after a run in your favor on larger timeframes.
  • #561,574
  • Nov 27, 2020 2:00am Nov 27, 2020 2:00am
... 5min diamond breaks to the downside...1hr below. 1hr closes as a bearish engulfing.
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Trader with an Edge.
  • #561,575
  • Nov 27, 2020 2:03am Nov 27, 2020 2:03am
Patiently waiting...
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Regret is Brutal
  • #561,576
  • Nov 27, 2020 2:16am Nov 27, 2020 2:16am
Quoting VM.
{quote} I guess you are a Brexiter... Just out of curiosity, what kind of ending do you want? There are three realistic options: 1) deal is concluded now (but with level-playing field arrangements, as EU would not have it otherwise); 2) no deal is concluded now, and we continue negotiations in the year(s) to come; 3) we sever ties with Europe and go to war (trade war first, but then who knows). Or maybe you see another option?
I choose door number 4 (which is not possible right now)......free trade between UK and other countries = multi-lateral agreements.
Living in Switzerland, I don't want some corrupt lizard sitting in Bussels and Strasbourg dictating what's good for the country I'm in.
I think this is all related to the US elections, which, believe it or not, hasn't been offically finalized yet.
Lost....
  • #561,577
  • Nov 27, 2020 2:19am Nov 27, 2020 2:19am
Quoting Ehsank78
Gold dropped because there was positive news coming in regarding the Covid19 vaccine. Now we are hearing daily some setback or another. Why isnt Gold reacting to it?
gold is not reacting to fundies it is reacting to support last 64hrs it has traded east in piss ant range, the support was set in july, over a 3 month period, 64hrs versus 3 months you do the maths
If you are new to Forex? Say Goodbye to your account!!
  • #561,578
  • Nov 27, 2020 2:24am Nov 27, 2020 2:24am
...will we now see a downside b/o of the 4hr/dly rising wedge bottom ?...it is just below the current dly lo...steepest blue asc line on 1hr below.
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Trader with an Edge.
  • #561,579
  • Nov 27, 2020 2:29am Nov 27, 2020 2:29am
Quoting Headland
...will we now see a downside b/o of the 4hr/dly rising wedge bottom ?...it is just below the current dly lo...steepest blue asc line on 1hr below. {image}


Headland... I have the trend at 13351 today ??
Que Sera
  • #561,580
  • Nov 27, 2020 2:29am Nov 27, 2020 2:29am
Go Pound Go
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Regret is Brutal
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