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Cable Update (GBPUSD)

  • #563,661
  • Dec 4, 2020 9:17am Dec 4, 2020 9:17am
Quoting Catempire
{quote} “Brexit is a joke” please, please enlighten me, I want to see what you’re seeing
it has been a joke for the past 4 years and will stay this way

they'll delay it forever
Make money by doing the opposite of Giveachance aka loser
  • #563,662
  • Dec 4, 2020 9:19am Dec 4, 2020 9:19am
Quoting nessus94
{quote} it has been a joke for the past 4 years and will stay this way they'll delay it forever
They can’t U.K. leaves on 31st signed deals and delivered.

are uou U.K. based ?
Que Sera
  • #563,663
  • Dec 4, 2020 9:20am Dec 4, 2020 9:20am
...I think brexit is the single biggest own goal since suez. It is based on a 'little englander' ideology, not economics. It will have a long term effect on the british economy, and likely the uk as a constitutional entity as well. (The law of unintended consequence.) It doesn't need to be catastrophic but like CatEmpire has rightly said even a deal is not as good as we have now. Combine it with the covid recession and we are in for a rough time for howsoever long - no one knows. Of course there are 2 sides to the gbpusd equation so we will have to wait and see the actual effects on this pairing, aware of the highest probability outcomes for each scenario that may (or may not) play out for the 4 or 5 biggest fundie themes at play, or possibly developing at the moment, of who's list brexit is currently top.
Trader with an Edge.
  • #563,664
  • Dec 4, 2020 9:21am Dec 4, 2020 9:21am
Quoting Catempire
{quote} They can’t U.K. leaves on 31st signed deals and delivered. are uou U.K. based ?
didn't they say the same months ago? until it was delayed until month end?

They can still delay it for months until they agree ?

i am not
Make money by doing the opposite of Giveachance aka loser
  • #563,665
  • Dec 4, 2020 9:23am Dec 4, 2020 9:23am
Quoting Catempire
{quote} https://www.housepricecrash.co.uk/fo...pread-betting/
"But two days after the SNB described the ceiling as a “cornerstone” of its monetary policy, it abolished it."

All those SNB members should have been behind bars within 24 hours of that incident. Sadly, laws do not apply to bankers.
Everyone can see the chart, but only a few can actually read it.
  • #563,666
  • Dec 4, 2020 9:24am Dec 4, 2020 9:24am
pulling my .5 fib orders... looks like some sort of top for the mo.

all that euphoria was a tell.
In tea leaves we trust!
  • #563,667
  • Dec 4, 2020 9:24am Dec 4, 2020 9:24am
I think anything can still happen with this pair. Don’t be surprised at a big drop
Keep it simple stupid
  • #563,668
  • Dec 4, 2020 9:24am Dec 4, 2020 9:24am
Quoting nessus94
{quote} didn't they say the same months ago? until it was delayed until month end? They can still delay it for months until they agree ? i am not
This can't be delayed...UK is out by month's end.
Everyone can see the chart, but only a few can actually read it.
  • #563,669
  • Dec 4, 2020 9:25am Dec 4, 2020 9:25am
Quoting nessus94
{quote} didn't they say the same months ago? until it was delayed until month end? They can still delay it for months until they agree ? i am not

Yes, in theory if both sides agreed they could again delay it. Eu would be up for it but politically Uk Pm Johnson would be finished. He nailed all his colours to the mast of 'get bexit done' - his slogan in the Dec'19 general election so he cannot have another delay.
Trader with an Edge.
  • #563,670
  • Dec 4, 2020 9:27am Dec 4, 2020 9:27am
Quoting nessus94
{quote} didn't they say the same months ago? until it was delayed until month end? They can still delay it for months until they agree ? i am not
No it won’t be delayed it’s deal, no deal or box number 7 Noel.

would you like to swap boxes ??
Que Sera
  • #563,671
  • Dec 4, 2020 9:28am Dec 4, 2020 9:28am
Quoting Headland
{quote} Yes, in theory if both sides agreed they could again delay it. Eu would be up for it but politically Uk Pm Johnson would be finished. He nailed all his colours to the mast of 'get bexit done' - his slogan in the Dec'19 general election so he cannot have another delay.
Yes exactly Johnson’s while premiership is based on delivering.

I think if you’re not U.K. based you arnt getting a full picture of what’s on the line.

they won’t delay it any further.
Que Sera
  • #563,672
  • Dec 4, 2020 9:29am Dec 4, 2020 9:29am
Quoting OnlineAddict
{quote} "But two days after the SNB described the ceiling as a “cornerstone” of its monetary policy, it abolished it." All those SNB members should have been behind bars within 24 hours of that incident. Sadly, laws do not apply to bankers.
They were obviously positioned correctly.
Que Sera
  • #563,673
  • Dec 4, 2020 9:29am Dec 4, 2020 9:29am
Gu is at 1.34817 again
yes yes yes
  • #563,674
  • Dec 4, 2020 9:30am Dec 4, 2020 9:30am
Quoting Mcbeaners
pulling my .5 fib orders... looks like some sort of top for the mo. all that euphoria was a tell.

Remember breakout retest, mms know retails will sell the top the retest here is on an intra swing level. Position correctly before the move then partial t/p and no stress on the retest or if it turns completely/
Follow The Markets Structure - Patience and Discipline
  • #563,675
  • Dec 4, 2020 9:31am Dec 4, 2020 9:31am
Quoting Catempire
{quote} They were obviously positioned correctly.
Its funny, how when you are a banker, you can destroy the lives of thousands of people(on purpose), collapse markets and even big companies...and there are no repercussions. They have more immunity than politicians.
Everyone can see the chart, but only a few can actually read it.
  • #563,676
  • Dec 4, 2020 9:32am Dec 4, 2020 9:32am
... great short - regular bearish div 1min - 1hr, but not 15min - look @ 15min below, 2 x pinbar candles both outside the 20 bol... no reg div but o/b on the line osc (red) ....a case of 'extreme deviation' from the moving average (20) ie beyond 2 standard deviations . I couldn't i.d any potential res other than the 23.6% upside ext of y/day's daily candle and mthly R1 in the vicinity, so took a flyer on it.

A handy hi-prob (used properly) technical tactic to have in your arsenal.
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Trader with an Edge.
  • #563,677
  • Dec 4, 2020 9:40am Dec 4, 2020 9:40am
Quoting pipfarm
{quote} Remember breakout retest, mms know retails will sell the top the retest here is on an intra swing level. Position correctly before the move then partial t/p and no stress on the retest or if it turns completely/
i was hoping to see more accumulation, there is some. maybe i'm just buy cas i'm fearful. lol

btw i'm looking at vol profile from 2018 not recent prices. as there isn't enough volume
In tea leaves we trust!
  • #563,678
  • Dec 4, 2020 9:43am Dec 4, 2020 9:43am
Quoting pipfarm
{quote} Remember breakout retest, mms know retails will sell the top the retest here is on an intra swing level. Position correctly before the move then partial t/p and no stress on the retest or if it turns completely/
Yes, but there may be no retest this time. Let's see.
  • #563,679
  • Dec 4, 2020 9:44am Dec 4, 2020 9:44am
ok i'm in here. they bought the dip. 348 ish
In tea leaves we trust!
  • #563,680
  • Dec 4, 2020 9:47am Dec 4, 2020 9:47am
Quoting ChiForex
{quote} Second TP for bulls and max sell level for bears is coming..
Exited my buy at first Tp 1.3510 and kept my sell running from 1.3515, unfortunately price didn't continue to my second Tp to sell again.
Now if price reverse up again breakeven would be the destiny of my 1.3515 sell order.
Otherwise, my sell will stay open until Tp1 around 1.3410
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
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