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Cable Update (GBPUSD)

  • #563,061
  • Dec 2, 2020 3:48pm Dec 2, 2020 3:48pm
Quoting Catempire
{quote} Agreed.!! Smoke and mirrors mate. Someone asked me earlier would i hope for a deal... and as much as the obvious answer is YES the actual answer is NO because the worst shit that happens to us in life often turns out to be the best For that reason, no i don't hope for a deal I hope the right thing happens. Bring it on, tail between legs.
I still hope for a deal. I know that "the best way out is always through", but I don't want to see an economic and social collapse. People just don't realise how fragile our whole way of life is. I guess I am an alarmist and my fears are exaggerated, but I prefer to stay as much away as possible from the abyss.
  • #563,062
  • Dec 2, 2020 3:56pm Dec 2, 2020 3:56pm
my read of the tape over the the last week or so goes as follows:

 

  1. friday: some fundy story was in the mix da boyz were long
  2. weekend: this story started to fall apart
  3. monday: da boyz closed on the highs and reversed short (this is were i came in short).
  4. monday US session: then some news hit the headlines and they got busted. they either stayed short or re-shorted the highs.
  5. tuesday: now it appears to be continuation play down.


my guess right now is until the contracts roll over this is going down. when the contracts do roll over they will drive this over 140 and send it above. i had the same issue with silver & gold just this last week, they are motoring now.

i welcome folk to poke holes in this.

In tea leaves we trust!
  • #563,063
  • Dec 2, 2020 4:02pm Dec 2, 2020 4:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 18 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 17 KB
yes yes yes
  • #563,064
  • Dec 2, 2020 4:07pm Dec 2, 2020 4:07pm
Quoting VM.
{quote} I still hope for a deal. I know that "the best way out is always through", but I don't want to see an economic and social collapse. People just don't realise how fragile our whole way of life is. I guess I am an alarmist and my fears are exaggerated, but I prefer to stay as much away as possible from the abyss.
I'm English, Cornwall based

We need a good kick up our arse.
Que Sera
  • #563,065
  • Dec 2, 2020 4:10pm Dec 2, 2020 4:10pm
Quoting VM.
{quote} I still hope for a deal. I know that "the best way out is always through", but I don't want to see an economic and social collapse. People just don't realise how fragile our whole way of life is. I guess I am an alarmist and my fears are exaggerated, but I prefer to stay as much away as possible from the abyss.
VM.

England is far to arrogant for my liking.
Que Sera
  • #563,066
  • Dec 2, 2020 4:11pm Dec 2, 2020 4:11pm
Quoting Catempire
{quote} I'm English, Cornwall based We need a good kick up our arse.
Beautiful place.
You will get it anyway, I just hope it won't be too hard.
  • #563,067
  • Dec 2, 2020 4:16pm Dec 2, 2020 4:16pm
Quoting VM.
{quote} Beautiful place. You will get it anyway, I just hope it won't be too hard.
The right thing will happen

I'm not happy with the level of arrogance the UK (thinks it) holds over the EU .

Its bollocks

Lets leave on a no deal and lets then learn who needs it more.
Que Sera
  • #563,068
  • Dec 2, 2020 4:18pm Dec 2, 2020 4:18pm
I do not support our politicians

Tossers.

Assumption is the mother of all fuck ups.

P.S. ill be ok, Cornwall, market trader, we're all good, my friends, less so!
Que Sera
  • #563,069
  • Dec 2, 2020 4:47pm Dec 2, 2020 4:47pm
O M ~G

Hit the MA

Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20201202_22.46 (1).png Size: 90 KB
Que Sera
  • #563,070
  • Dec 2, 2020 4:56pm Dec 2, 2020 4:56pm
Quoting Roszey
The market is repeating itself week by week.
An uptrend to 1.34600-134800 level then drop hard maybe!
  • #563,071
  • Dec 2, 2020 4:58pm Dec 2, 2020 4:58pm
Quoting Catempire
Have we won yet >?
No brexit deal could mean a huge sell off
  • #563,072
  • Dec 2, 2020 5:51pm Dec 2, 2020 5:51pm
Quoting Catempire
{quote} Agree with you Bones You cannot trust a economist......... hired by the government. In-fact... You cannot trust the government. The economists are only doing their job.
Correct

All liars.

Here's my take


Attached Image


Made this years ago... ..

Your choice
Beware of robber banks (RB), bad advisors.
  • #563,073
  • Dec 2, 2020 6:21pm Dec 2, 2020 6:21pm
trying another short here 33564 ish
In tea leaves we trust!
  • #563,074
  • Dec 2, 2020 6:28pm Dec 2, 2020 6:28pm
Quoting Moty
{image}{image}
i am with you moti.

i expect a long day today in gu.

i closed my shorts.
Intraday only.
  • #563,075
  • Dec 2, 2020 6:36pm Dec 2, 2020 6:36pm
I've held longs since August/September, though I've been around long enough to know shit could hit the fan at any moment. Charts still pointing to higher levels on higher TF but there should be plenty of pips in both directions over the coming week.
  • #563,076
  • Dec 2, 2020 8:12pm Dec 2, 2020 8:12pm
I see GU moving btw 1.3260-70s support and 1.3440-50s resistance, buy/sell accordingly..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #563,077
  • Dec 2, 2020 8:26pm Dec 2, 2020 8:26pm
Quoting Moty
{image}{image}{image}{image}
Gu will go up but until 1.3440-1.3470 then no brexit deal and GU will drop hard.
  • #563,078
  • Edited 9:51pm Dec 2, 2020 8:43pm | Edited 9:51pm
Hard to predict gu.. Who know Maybe hit 1.36 then down
  • #563,079
  • Dec 2, 2020 9:23pm Dec 2, 2020 9:23pm
although the bearish day yesterday , the daily open is above daily pivot
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 26 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 29 KB
yes yes yes
  • #563,080
  • Dec 2, 2020 9:39pm Dec 2, 2020 9:39pm
Quoting Moty
although the bearish day yesterday , the daily open is above daily pivot {image}{image}
3350 seems to be support today
Intraday only.
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