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Cable Update (GBPUSD)

  • #563,181
  • Dec 3, 2020 2:33am Dec 3, 2020 2:33am
GJ Pulling GU by the Hair, saying... "COME on, UP Girl" !
I will work to Objectively Identify my Edges
  • #563,182
  • Dec 3, 2020 2:34am Dec 3, 2020 2:34am
Quoting nessus94
{quote} any deal or no deal and it is going up
A deal -- gap up, and 1.36-1.37 on the way before eventual drop.
No deal -- big gap down, and 1.29-1.3 in a few days, probably lower.

The thing is, I don't see conditions for a deal currently, so I don't have much fear shorting from a high price (of course, rumours may have similar effect, and I was lucky not to be hit when price jumped 70 pips up on Monday).
I do however see multiple ways for the talks to fail, so I do fear going long.
It does hamper my trading, but it's better to be safe than sorry.
  • #563,183
  • Dec 3, 2020 2:37am Dec 3, 2020 2:37am
Quoting TerpFan2
GJ Pulling GU by the Hair, saying... "COME on, UP Girl" !
yes, I've got my sell limit there @140
  • #563,184
  • Dec 3, 2020 2:41am Dec 3, 2020 2:41am
Brexit news :

https://www.bbc.com/news/uk-politics-55167822
  • #563,185
  • Dec 3, 2020 2:42am Dec 3, 2020 2:42am
Quoting VM.
{quote} A deal -- gap up, and 1.36-1.37 on the way before eventual drop. No deal -- big gap down, and 1.29-1.3 in a few days, probably lower. The thing is, I don't see conditions for a deal currently, so I don't have much fear shorting from a high price (of course, rumours may have similar effect, and I was lucky not to be hit when price jumped 70 pips up on Monday). I do however see multiple ways for the talks to fail, so I do fear going long. It does hamper my trading, but it's better to be safe than sorry.
Doesn't is make sense to stay away from trading until the deadline? A move to 1.36-1.37 could blow many accounts.
  • #563,186
  • Dec 3, 2020 2:42am Dec 3, 2020 2:42am
Quoting VM.
{quote} A deal -- gap up, and 1.36-1.37 on the way before eventual drop. No deal -- big gap down, and 1.29-1.3 in a few days, probably lower. The thing is, I don't see conditions for a deal currently, so I don't have much fear shorting from a high price (of course, rumours may have similar effect, and I was lucky not to be hit when price jumped 70 pips up on Monday). I do however see multiple ways for the talks to fail, so I do fear going long. It does hamper my trading, but it's better to be safe than sorry.
the current daily chart says up deal or no deal it is the same

but we will see if there is a drop before end the year to buy
Make money by doing the opposite of Giveachance aka loser
  • #563,187
  • Dec 3, 2020 2:44am Dec 3, 2020 2:44am
Quoting Milan
{quote} you really buing now? Nobody's buying into resistance... or not? Anyway, I am still short and thank you for your money
there is no indication for bearish power
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yes yes yes
  • #563,188
  • Dec 3, 2020 2:46am Dec 3, 2020 2:46am
Quoting Moty
{quote} no , down {image} {image}
monthly,
and check @coreg2004 Elliot eave count on daily.

i dont say it's go up, but it could pop for intraday trader in the face.
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  • #563,189
  • Dec 3, 2020 2:46am Dec 3, 2020 2:46am
Quoting Ehsank78
{quote} Doesn't is make sense to stay away from trading until the deadline? A move to 1.36-1.37 could blow many accounts.
With a stop loss, you will suffer just the gap, not the whole move up.
But yes, if you don't want to gamble on UK politics, then it is better to stay away. Any trade in the next few days is a gamble, in a way.
  • #563,190
  • Dec 3, 2020 2:50am Dec 3, 2020 2:50am
Quoting nessus94
{quote} the current daily chart says up deal or no deal it is the same but we will see if there is a drop before end the year to buy
The chart cannot possibly say this. Everyone knows that no deal will trigger huge selling, and so it will trigger huge selling even as a self-fulfilled prophesy.

What it does say to me is: 1) we have some Brexit optimism; 2) we have bullish targets above. Let's roll now as we can be hit by Brexit news later.
  • #563,191
  • Dec 3, 2020 2:51am Dec 3, 2020 2:51am
Quoting Moty
{quote} there is no indication for bearish power {image} {image}
really? I see a lot of them. And divergence 15M RSI.
Attached Image (click to enlarge)
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  • #563,192
  • Dec 3, 2020 2:55am Dec 3, 2020 2:55am
fly gold , fly like the wind
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yes yes yes
  • #563,193
  • Dec 3, 2020 2:56am Dec 3, 2020 2:56am
Quoting VM.
{quote} The chart cannot possibly say this. Everyone knows that no deal will trigger huge selling, and so it will trigger huge selling even as a self-fulfilled prophesy. What it does say to me is: 1) we have some Brexit optimism; 2) we have bullish targets above. Let's roll now as we can be hit by Brexit news later.
no sell off
everybody wants it and smart money know it

they are dragging many shorts into this brexit
Make money by doing the opposite of Giveachance aka loser
  • #563,194
  • Dec 3, 2020 2:57am Dec 3, 2020 2:57am
ready to rinse repeat yet again?
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twitter: @gettoefl
  • #563,195
  • Dec 3, 2020 3:01am Dec 3, 2020 3:01am
Quoting Ehsank78
{quote} Doesn't is make sense to stay away from trading until the deadline? A move to 1.36-1.37 could blow many accounts.
How about using proper risk management?
  • #563,196
  • Dec 3, 2020 3:04am Dec 3, 2020 3:04am
Quoting gatenio
{quote} monthly, and check @coreg2004 Elliot eave count on daily. i dont say it's go up, but it could pop for intraday trader in the face. {image}
daily high is 91.055 exectly at the daily open
unter 91.035 it will drop
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yes yes yes
  • #563,197
  • Dec 3, 2020 3:08am Dec 3, 2020 3:08am
new high is coming
Make money by doing the opposite of Giveachance aka loser
  • #563,198
  • Dec 3, 2020 3:08am Dec 3, 2020 3:08am
Quoting nessus94
{quote} no sell off everybody wants it and smart money know it they are dragging many shorts into this brexit
Yes, smart money is trying to eliminate the sellers, no disagreement here. This is why few day from possible talks collapse, we are still buying. Does it mean no selloff? Not at all, it may actually mean new highs and then a very quick selloff, blink-and-you-missed-it type. Now we are in a new high stage.
  • #563,199
  • Dec 3, 2020 3:09am Dec 3, 2020 3:09am
does someone know when frost/barnier will update on brexit? i would love to enjoy the ride downstairs
Twitter: Rummer_grapes
  • #563,200
  • Dec 3, 2020 3:10am Dec 3, 2020 3:10am
Quoting VM.
{quote} Yes, smart money is trying to eliminate the sellers, no disagreement here. This is why few day from possible talks collapse, we are still buying. Does it mean no selloff? Not at all, it may actually mean new highs and then a very quick selloff, blink-and-you-missed-it type. Now we are in a new high stage.
no
smart money is making you short every high to make you think brexit is bad

but it is good and it will rise over and over

people will face it soon
Make money by doing the opposite of Giveachance aka loser
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