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Cable Update (GBPUSD)

  • #562,181
  • Nov 30, 2020 8:47am Nov 30, 2020 8:47am
am out see you tomoro
99.9% persistence
  • #562,182
  • Nov 30, 2020 8:53am Nov 30, 2020 8:53am
Quoting kuroro001
This move could be a macro move Most important ommodities down, DXY good bounce We will see how it develops but it looks interesting so far
are you adding shorts on GU ?
  • #562,183
  • Nov 30, 2020 9:25am Nov 30, 2020 9:25am
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yes yes yes
  • #562,184
  • Nov 30, 2020 9:31am Nov 30, 2020 9:31am
Quoting Wavegarrick
{quote} Hi Guys, Sell trades added on the pullback, will lock in as soon as I can. Still a bit unclear. Have a great week. Cheers {image}
Hi Guys,

Month-end moves will make you scream for your Mama, hang ten. Zoomed in picture of my 4 hr trades. We started the day with glassy conditions and offshore winds going into NY. Not all lost for bears. Surf's up.

Happy surfing.

Cheers
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Trade to trade another day
  • #562,185
  • Nov 30, 2020 9:43am Nov 30, 2020 9:43am
Ending month bar.
  • #562,186
  • Nov 30, 2020 9:44am Nov 30, 2020 9:44am
Quoting genadi
{quote} are you adding shorts on GU ?
No

only short euro instead
i don't like GU where is it and how it moves
COT: The precious data ignored
  • #562,187
  • Nov 30, 2020 9:48am Nov 30, 2020 9:48am
3380 seems to be probably ceiling for now.

This is for tomorrow after Tokyo open.

IMO
Intraday only.
  • #562,188
  • Nov 30, 2020 10:03am Nov 30, 2020 10:03am
  • #562,189
  • Nov 30, 2020 10:08am Nov 30, 2020 10:08am
gu is poopy mess. but es an nq are saying down so dollar bulls from here?
In tea leaves we trust!
  • #562,190
  • Nov 30, 2020 10:14am Nov 30, 2020 10:14am
... It's all about brexit ' deal or no deal ' at the moment - There will be a deal, probably ? good article:

Boris Johnson will get a deal: but it will be a betrayal of the Brexiters (msn.com)

Gbpusd is reflecting the uncertainty but no major sell off yet, hanging out nearer the 3398 hi [so far today anyway,] than last week's 3263...is this in itself instructive of it's reading of the chances of a deal ?
Trader with an Edge.
  • #562,191
  • Nov 30, 2020 10:19am Nov 30, 2020 10:19am
Quoting Headland
It's all about brexit ' deal or no deal ' at the moment - There will be a deal, probably ? good article: Boris Johnson will get a deal: but it will be a betrayal of the Brexiters (msn.com)
“Though this government is disgraceful and dishonest, it is not certifiably insane”

Insane perhaps not, but stubborn & arrogant which could be enough.
Que Sera
  • #562,192
  • Nov 30, 2020 10:23am Nov 30, 2020 10:23am
Quoting Catempire
{quote} “Though this government is disgraceful and dishonest, it is not certifiably insane” Insane perhaps not, but stubborn & arrogant which could be enough.
You maybe right - you wouldn't put anything past those that are nationalistically and ideologically driven.
Trader with an Edge.
  • #562,193
  • Nov 30, 2020 10:28am Nov 30, 2020 10:28am
Quoting Headland
{quote} You maybe right - you wouldn't put anything past those that are nationalistically and ideologically driven.
We will see soon enough.

they weren’t made to be leaders or diplomats & thats the concern.

interesting to note within the article so much emphasis on ruining industries on a no deal
Que Sera
  • #562,194
  • Nov 30, 2020 10:38am Nov 30, 2020 10:38am
Eu hasn’t got all that much room to manoeuvre really considering they have he whole continent to keep happy.

if they gave U.K. too good a deal it would tear Union apart.

if U.K. don’t get deal they want, imo these guys will walk away as they are not the ones who suffer the consequences.
Que Sera
  • #562,195
  • Nov 30, 2020 10:44am Nov 30, 2020 10:44am
“
eu senior diplomat: The eu is to launch no-deal contingency plans if there is no trade deal with britain by wednesday or thursday.”
Que Sera
  • #562,196
  • Nov 30, 2020 10:45am Nov 30, 2020 10:45am
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yes yes yes
  • #562,197
  • Nov 30, 2020 10:45am Nov 30, 2020 10:45am
we don’t get a deal by Wednesday Thursday... there will inevitably be a heavy sell off, might see that start, round about, now...

4h looks like it could break by morning, next leg down?
Que Sera
  • #562,198
  • Nov 30, 2020 10:59am Nov 30, 2020 10:59am
Quoting Catempire
Eu hasn’t got all that much room to manoeuvre really considering they have he whole continent to keep happy. if they gave U.K. too good a deal it would tear Union apart. if U.K. don’t get deal they want, imo these guys will walk away as they are not the ones who suffer the consequences.
They're trying to squeeze the tiniest little drop they can out of this agreement. They know they cannot get what they promised to brexiteers, but need to get enough to pretend it's the best deal they could get and better than anything else
  • #562,199
  • Nov 30, 2020 11:10am Nov 30, 2020 11:10am
Quoting L.m
{quote} They're trying to squeeze the tiniest little drop they can out of this agreement. They know they cannot get what they promised to brexiteers, but need to get enough to pretend it's the best deal they could get and better than anything else
For sure, I’m just one of the few who isn’t sure a deal will get done.

I wouldn’t at all put it past these guys to “assume” they will be able to do a “good” deal afterwards
Que Sera
  • #562,200
  • Nov 30, 2020 11:27am Nov 30, 2020 11:27am
Quoting Catempire
{quote} For sure, I’m just one of the few who isn’t sure a deal will get done. I wouldn’t at all put it past these guys to “assume” they will be able to do a “good” deal afterwards
Probably this is the plan: let the talks fail now and do a deal late in December / early next year. All to show that Johnson is "strong". Will also work very well for those hedge funds that know the plan details and timing.
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