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Cable Update (GBPUSD)

  • #562,921
  • Dec 2, 2020 6:42am Dec 2, 2020 6:42am
Quoting VM.
No deal is getting closer. Bulls will do very well to hold 1.329.
If we get whiff of no deal this will drop like sack of s**t
Que Sera
  • #562,922
  • Dec 2, 2020 6:42am Dec 2, 2020 6:42am
Quoting Mcbeaners
{quote} get out of your are short. it will flop around here for a bit and then start motoring up. they are building longs,
are you buying here at 1.33 ?
  • #562,923
  • Dec 2, 2020 6:45am Dec 2, 2020 6:45am
Quoting bluesushi
GU will probably go deeper once gold falls. {image}
Gold following.
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  • #562,924
  • Dec 2, 2020 6:47am Dec 2, 2020 6:47am
Quoting Maximumheigh
{quote} Just when I was typing here come my 1.3300. A little pullback. My next level should be 1.327x. IMO
No reason to buy this for now. I will sell more on a pullback. IMO
  • #562,925
  • Dec 2, 2020 6:48am Dec 2, 2020 6:48am
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yes yes yes
  • #562,926
  • Dec 2, 2020 6:48am Dec 2, 2020 6:48am
...downside breech of the 'new' dly rising wedge pattern on that t/f...last HL on that t/f = 3283. dly below.
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Trader with an Edge.
  • #562,927
  • Dec 2, 2020 7:00am Dec 2, 2020 7:00am
Quoting KiwiTrada
{quote} oh ok I have fat fingers too and dyslexic, 134 is still in play, strong resistance, 135 possibly stronger about 80 pips away, I actually dont think it will get there, but im not mr market, going micro put a box around the last 7 days, she is trading east, and at top of that range, I have just entered short will 7 maybe even 11 pip sl it is cheap, if it pops I will rinse and repeat, all the way to 135, r/r is to good to ignore :-)
indeed i'm dyslexic also.

fair dinkum on your short. ES is coming back here so some dollar retrace is expected.

these dollar convolutions are killing me. easier trades out there. silver copper etc. things that want to trend. it is still trading the range so anything a go until its not of course.

back to 1.3304 support. below
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In tea leaves we trust!
  • #562,928
  • Dec 2, 2020 7:00am Dec 2, 2020 7:00am
Quoting Moty
{image} {image}
moty,

this pair fell 137 pips today, having met with ADR, i feel, rest of session would be floating.
Intraday only.
  • #562,929
  • Dec 2, 2020 7:00am Dec 2, 2020 7:00am
idk if bulls still in the house.. but i see sign they still in play
1. DXY suddenly fall again
2. Gold rise again
3. Rejection on daily low..
idk what happen one thing i know, just react and glad i hold my long from 1.3310 and play nicely
Trade what you see, not what you think.. react and stay sharp..
  • #562,930
  • Dec 2, 2020 7:00am Dec 2, 2020 7:00am
3287 support holding , now we wait for a possible break back above 3400 to consider more longs
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Follow The Markets Structure - Patience and Discipline
  • #562,931
  • Dec 2, 2020 7:02am Dec 2, 2020 7:02am
Quoting Moty
{image} {image}
Mate, you're likely gonna need a material change in the brexit mood music or a deal being announced to save you in that one. Good Luck.
Trader with an Edge.
  • #562,932
  • Dec 2, 2020 7:04am Dec 2, 2020 7:04am
Seems a perfect pullback for new short.....up swing with low volume
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  • #562,933
  • Dec 2, 2020 7:09am Dec 2, 2020 7:09am
Whats the view here gents. This news seems to picking up steam..
  • #562,934
  • Dec 2, 2020 7:10am Dec 2, 2020 7:10am
i will not surprised anymore if GU go 1.34 again.. we played this story over and over.. and big bear still waiting on 1.347 and above, maybe i'm wrong this time but it worth wait.. put my SL to BE so i'm not lose anything if wrong
Trade what you see, not what you think.. react and stay sharp..
  • #562,935
  • Dec 2, 2020 7:16am Dec 2, 2020 7:16am
Gold flying again. 1826 now
  • #562,936
  • Dec 2, 2020 7:28am Dec 2, 2020 7:28am
Quoting Catempire
IMO the brexit drop will very likely be a knee jerk reaction / possible over reaction... Very much along the lines of "OMG SELL UK just left EU" "Hang on" "OMG BUY, UK isn't quite as fucked as America" Much like when a junior miner finds a 10m ounces of gold... the price will rise 700-1000% in a day as people are euphoric and excited for all the wealth they will make, only to realise that the company hasn't got any money to get it out of the ground & it goes back to where it came from.

getting money isn't a problem, its usually environmental issues, logistics, poor location, politics, or poor economics. but agree more money is made buying the drill campaign news and selling before the results. same ol same ol.
In tea leaves we trust!
  • #562,937
  • Dec 2, 2020 7:29am Dec 2, 2020 7:29am
Quoting Ehsank78
Gold flying again. 1826 now
Beware of gold trap. Very possible coming now. Good luck n green pips.
  • #562,938
  • Dec 2, 2020 7:30am Dec 2, 2020 7:30am
Quoting goldfish3
Whats the view here gents. This news seems to picking up steam..
really? it's entirely brexit deal rumour/update led at the moment - reacting to that -but- it seems unwilling to drop too far in case of an uptick in the mood music/updates or a deal itself...it fell to bottom of last week's 4hr range and found support there. Powell is speaking @ 3pm gmt - may give it a tickle, but really there is only one show in town at the moment.
Trader with an Edge.
  • #562,939
  • Dec 2, 2020 7:37am Dec 2, 2020 7:37am
Quoting Mcbeaners
{quote} getting money isn't a problem, its usually environmental issues, logistics, poor location, politics, or poor economics. but agree more money is made buying the drill campaign news and selling before the results. same ol same ol.
Thats got nothing to do with what i was saying.
Que Sera
  • #562,940
  • Dec 2, 2020 7:38am Dec 2, 2020 7:38am
Quoting genadi
{quote} are you buying here at 1.33 ?
not playing. dollar index fut look like its turning long. not the greatest indicator and gu futs not giving me comfort. so i'm looking at silver at the moment.
In tea leaves we trust!
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