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Cable Update (GBPUSD)

  • #563,941
  • Dec 7, 2020 2:56am Dec 7, 2020 2:56am
Quoting Arief-
{quote} is it complete? I don't see it
oops, saw it on my log.
the d was on 1.33.. never mind.
invalid.

sorry
  • #563,942
  • Dec 7, 2020 2:58am Dec 7, 2020 2:58am
Quoting miedpreneur
congrats bears.. who hold short from the top.. can 1.338xx hold for bulls? lets see.. now we at s1..
nice drop from the bear.. hahahahha... ngagolosor uy

can 1.3250 area hold and give nice pullback for the bulls? lets see
Trade what you see, not what you think.. react and stay sharp..
  • #563,943
  • Dec 7, 2020 2:58am Dec 7, 2020 2:58am
I wouldn't enter full lots yet. On a no deal this could go down to 1.27 TP1 or 1.23 TP2. I would play small until confirmation. There will be plenty of movement either way.
  • #563,944
  • Dec 7, 2020 2:59am Dec 7, 2020 2:59am
"On a no deal this could go down to 1.27 TP1 or 1.23 TP2."

Lower than that chap.. it won't be bouncing in a hurry because the country is no where near prepared.
Que Sera
  • #563,945
  • Dec 7, 2020 3:00am Dec 7, 2020 3:00am
Brexit talks likely to end today if there is no further progress

UK official: Brexit talks likely to end today if there is no further progress (fxstreet.com)
  • #563,946
  • Dec 7, 2020 3:02am Dec 7, 2020 3:02am
... great 1hr candle just closed....88.6% 3195-3539/23,6% 2252-3539 reached at current dly lo
Trader with an Edge.
  • #563,947
  • Dec 7, 2020 3:02am Dec 7, 2020 3:02am
Quoting Moty
all out !!!! wonderful start for the week price came back to the pre market price , more then 75 pips gap down {image} {image}
Congratulations Moty
  • #563,948
  • Dec 7, 2020 3:04am Dec 7, 2020 3:04am
Quoting Bacco
{quote} This retrace is too high probability. I'm in since 3310. I entered late with full lots. But stop is be. Let's see where it goes.
I entered at 1.341, but took profit too early, at 1.33. Still nice profit, but in a day like this, it is better to hold a position with a good entry, my mistake.
  • #563,949
  • Dec 7, 2020 3:04am Dec 7, 2020 3:04am
many were dreaming of 1.36 today.
  • #563,950
  • Dec 7, 2020 3:06am Dec 7, 2020 3:06am
Quoting Catempire
"On a no deal this could go down to 1.27 TP1 or 1.23 TP2." Lower than that chap.. it won't be bouncing in a hurry because the country is no where near prepared.
Could well be. The monetization of the dollar will continue on a strong upwards trajectory so there will be a bottom.
  • #563,951
  • Dec 7, 2020 3:09am Dec 7, 2020 3:09am
... 211 pip down move so far today (186% 30 day adr / 84% 13wk awr.) ...7 consec bearish closes - 1hr...138.2% downside ext of fri's candle reached @ current dly lo.
Trader with an Edge.
  • #563,952
  • Dec 7, 2020 3:10am Dec 7, 2020 3:10am
Quoting Steamroller
{quote} Could well be. The monetization of the dollar will continue on a strong upwards trajectory so there will be a bottom.
Yes there will be a bottom but I thin unless you live in the UK and realise how unbelievably unprepared we are, not getting a full picture of how the Market will react.
Que Sera
  • #563,953
  • Dec 7, 2020 3:13am Dec 7, 2020 3:13am
Quoting Catempire
{quote} Yes there will be a bottom but I thin unless you live in the UK and realise how unbelievably unprepared we are, not getting a full picture of how the Market will react.
It's not looking good - Xmas here in Uk this year will be like the last days of soddom and gommorrah ! Come Jan 1st it will be like the last helicopter out of Saigon for the uber wealthy lol !
Trader with an Edge.
  • #563,954
  • Dec 7, 2020 3:14am Dec 7, 2020 3:14am
And another important thing, USD comes to life. So we can expect the worst of both worlds for GU.
  • #563,955
  • Dec 7, 2020 3:16am Dec 7, 2020 3:16am
Quoting Catempire
{quote} Yes there will be a bottom but I thin unless you live in the UK and realise how unbelievably unprepared we are, not getting a full picture of how the Market will react.

Agree to disagree. All essential services (food/medical supplies) will be catered for. The rest of the corporate sector is probably unprepared but will soon adapt.
  • #563,956
  • Dec 7, 2020 3:28am Dec 7, 2020 3:28am
Now we need the Bulls to provide a nice pullback to 1.3325 for another short.
  • #563,957
  • Edited 3:45am Dec 7, 2020 3:29am | Edited 3:45am
...possible support down to 3195, Dly S3 3216, 3 fib cluster 3209-00 and another 3196. dly below.

But if talks break down/another downbeat report/rumour/update........well....

Mthly Pivot @/around 3191.
Attached Image (click to enlarge)
Click to Enlarge Name: 72472a9154c9cc737c450b3174e18cf6.png Size: 56 KB
Trader with an Edge.
  • #563,958
  • Dec 7, 2020 3:32am Dec 7, 2020 3:32am
Quoting Steamroller
{quote} Agree to disagree. All essential services (food/medical supplies) will be catered for. The rest of the corporate sector is probably unprepared but will soon adapt.
"All essential services (food/medical supplies) will be catered for."

Thats cr*p ... before we joined the EU and there was a fleet of 3000 international trucks (theres now 20000+ ) ... there were 2000+ boarder workers working on customs of shipping... the wait was still 5 days.

The EU won't come to the UK with goods... So what % of items arrives from the EU and how are you supposed to fill that gap ??

Did you read the document set out by the UK government of things that we will see on a no deal ?? or just assuming based on absolutely nothing ??
Que Sera
  • #563,959
  • Dec 7, 2020 3:32am Dec 7, 2020 3:32am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 29 KB
yes yes yes
  • #563,960
  • Dec 7, 2020 3:33am Dec 7, 2020 3:33am
Quoting Steamroller
{quote} Agree to disagree. All essential services (food/medical supplies) will be catered for. The rest of the corporate sector is probably unprepared but will soon adapt.
Catered for? You mean, we will have rationing?

And talking about "adapt" -- how fresh food delivery adapts to days of queues? Same question for just-in-time manufacturing.
How agriculture adapts to 60% tariffs?
How banking/insurance adapts to loss of right to operate in EU countries?
How other services adapt to dealing with regulations of each EU country separately?
I like the talk about "adapting"; as if business only needs to be notified, and then it can thrive in any circumstances. "We will cut off your arms and legs, please prepare. You are notified in advance, so afterwards we expect you should continue as normal."
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