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Cable Update (GBPUSD)

  • #562,021
  • Nov 30, 2020 5:43am Nov 30, 2020 5:43am
People trying to short a Brexit f * cked pound astonish me... sure it could go up very short term, but to completely overlook whats on the horizon just seems utterly ridiculous.

Then...

I just noticed the trade explorer top 3.

All time gains.

In first place 122.0%

2nd -60.8% -¥1,727,947

3rd 3.4% $37

Wonder if they will go long on the pound before it leaves its main trading partner without a deal...
Que Sera
  • #562,022
  • Nov 30, 2020 5:43am Nov 30, 2020 5:43am
Make a note that we check the AUD/USD tomorrow.
  • #562,023
  • Nov 30, 2020 5:46am Nov 30, 2020 5:46am
Quoting Catempire
People trying to short a Brexit f * cked pound astonish me... sure it could go up very short term, but to completely overlook whats on the horizon just seems utterly ridiculous. Then... I just noticed the trade explorer top 3. All time gains. In first place 122.0% 2nd -60.8% -¥1,727,947 3rd 3.4% $37 Wonder if they will go long on the pound before it leaves its main trading partner without a deal...
deal or not deal = pound rise

british will need a strong gbp to help them

i will meet you at 1,37 or 1,40
Make money by doing the opposite of Giveachance aka loser
  • #562,024
  • Nov 30, 2020 5:48am Nov 30, 2020 5:48am
Quoting nessus94
{quote} deal or not deal = pound rise british will need a strong gbp to help them i will meet you at 1,37 or 1,40
Man you really need to sit down and read some books on how the economy works and how currency is valued...

Behind those magical charts in front of your eyes there are valid reasons & wether the UK "Needs" something isn't one of them...

FWIW USA "Needs" too but that doesn't mean sweet F A
Que Sera
  • #562,025
  • Nov 30, 2020 5:49am Nov 30, 2020 5:49am
sold GU at 1.3359

SL 1.3415
Target 1.3240
  • #562,026
  • Nov 30, 2020 5:49am Nov 30, 2020 5:49am
Quoting nessus94
{quote} deal or not deal = pound rise british will need a strong gbp to help them i will meet you at 1,37 or 1,40
Nigeria NEEDS a strong currency too dude as they have last 30 years... look where that has got them.
Que Sera
  • #562,027
  • Nov 30, 2020 5:50am Nov 30, 2020 5:50am
we are all long people we wont see a big bear move today. I ll be buying lows
99.9% persistence
  • #562,028
  • Nov 30, 2020 5:53am Nov 30, 2020 5:53am
Quoting Catempire
{quote} Nigeria NEEDS a strong currency too dude as they have last 30 years... look where that has got them.
Compounding interest is the 8th wonder in trading
  • #562,029
  • Nov 30, 2020 5:55am Nov 30, 2020 5:55am
Quoting nessus94
{quote} deal or not deal = pound rise british will need a strong gbp to help them i will meet you at 1,37 or 1,40
Please explain to me how a strong currency will help the economy. Exporting would be nearly impossible, due to tariffs and a stronger pound. What am I missing?
Everyone can see the chart, but only a few can actually read it.
  • #562,030
  • Nov 30, 2020 5:56am Nov 30, 2020 5:56am
Quoting OnlineAddict
{quote} Please explain to me how a strong currency will help the economy. Exporting would be nearly impossible, due to tariffs and a stronger pound. What am I missing?
when this deal or no deal will happen?
is it this year?
  • #562,031
  • Nov 30, 2020 5:56am Nov 30, 2020 5:56am
Quoting OnlineAddict
{quote} Please explain to me how a strong currency will help the economy. Exporting would be nearly impossible, due to tariffs and a stronger pound. What am I missing?
you are missing some SANDWICH and COFEE..
Le$$ I$ More
  • #562,032
  • Nov 30, 2020 5:57am Nov 30, 2020 5:57am
hmmm could be it. rose up to resistance drop back to friday's low for a double b. they are soaking up the sellers here. i'm in long.
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In tea leaves we trust!
  • #562,033
  • Nov 30, 2020 5:57am Nov 30, 2020 5:57am
Quoting Catempire
{quote} Man you really need to sit down and read some books on how the economy works and how currency is valued... Behind those magical charts in front of your eyes there are valid reasons & wether the UK "Needs" something isn't one of them... FWIW USA "Needs" too but that doesn't mean sweet F A
we will see in a month i think
and see where is the gbp
Make money by doing the opposite of Giveachance aka loser
  • #562,034
  • Nov 30, 2020 5:58am Nov 30, 2020 5:58am
Quoting OnlineAddict
{quote} Please explain to me how a strong currency will help the economy. Export would be hit hard, due to tariffs and a stronger pound. What am I missing?
domestic demand
the economy is not only about the export
Make money by doing the opposite of Giveachance aka loser
  • #562,035
  • Nov 30, 2020 5:59am Nov 30, 2020 5:59am
Quoting nessus94
{quote} it will stay where it is
It will be good if it stays there, then you're in for a good trade.
  • #562,036
  • Nov 30, 2020 6:01am Nov 30, 2020 6:01am
uc - tanking. wish i were awake for it.

btw its a luner eclipse today..... my lucky stars?
In tea leaves we trust!
  • #562,037
  • Nov 30, 2020 6:03am Nov 30, 2020 6:03am
Quoting nessus94
{quote} domestic demand the economy is not only about the export
What demand? Everything is shut down...people only buy basic stuff these days. If there is no export, there is no money, then there is no import. Thats kindergarten economy. Without solid export, in today's globalized world, a country is fucked. Easiest thing to do for the UK is to devaluate the currency and become more competitive that way. I am expecting the pound at 1.10-15 with no deal and at 1.20 with a deal.
Everyone can see the chart, but only a few can actually read it.
  • #562,038
  • Nov 30, 2020 6:09am Nov 30, 2020 6:09am
Quoting navk
3306 buy area IMO
well done.

rocking today.
GU AND GOLD
  • #562,039
  • Nov 30, 2020 6:09am Nov 30, 2020 6:09am
Quoting OnlineAddict
{quote} What demand? Everything is shut down...people only buy basic stuff these days. If there is no export, there is no money, then there is no import. Thats kindergarten economy. Without solid export, in today's globalized world, a country is fucked. Easiest thing to do for the UK is to devaluate the currency and become more competitive that way. I am expecting the pound at 1.10-15 with no deal and at 1.20 with a deal.
I'm in the UK and its fooked. Debt galore, spending out of control, significant tax rises soon. It's a zombie economy. But then all fiat currencies collapse in the end.
A fool and his money are easily parted
  • #562,040
  • Nov 30, 2020 6:10am Nov 30, 2020 6:10am
Quoting Mcbeaners
uc - tanking. wish i were awake for it. btw its a luner eclipse today..... my lucky stars?
when did you start trading forex?
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