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Cable Update (GBPUSD)

  • #564,061
  • Dec 7, 2020 6:12am Dec 7, 2020 6:12am
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yes yes yes
  • #564,062
  • Dec 7, 2020 6:12am Dec 7, 2020 6:12am
Gespiri

What are the Tariffs in dealing with other countries ?

Have you considered the excess logistics dealing with the Americas over Europe ? Trading with Europe requires freight shipping via road, cheap shipping costs, faster for fresh goods.

Somewhat different to sending 6% of your exports somewhere else... (the otherside of the world) !!

Many of said goods that are readily available in the Americas.... The market is not there !!

You were sold & believed a LIE plain and simple and if you haven't grasped why, you will sure enough find out.
Que Sera
  • #564,063
  • Dec 7, 2020 6:14am Dec 7, 2020 6:14am
Quoting gespiri
{quote} We're not talking about Harry Potter. I'm just looking at it from a macro economic point of view. And like I told you before, everyone is entitled to their own opinions without being ridiculed.
Well, I just translated what you said into layman's terms.
I wonder how many people would vote for Brexit if this was clearly articulated by Leavers at the time of referendum.

But you are right, no need for ridicule, I apologize. I am just very sad and a bit fearful about UK future; this is gallows humour.
  • #564,064
  • Dec 7, 2020 6:14am Dec 7, 2020 6:14am
Quoting Bacco
{quote} try to trade cattle
good idea! I did have this idea
Damage
  • #564,065
  • Dec 7, 2020 6:17am Dec 7, 2020 6:17am
Quoting Maximumheigh
Good day friends. I wish us pipful week. We have had a nice drop this early monday morning. Some pullback to 1.337x area and the downward movement will continue. IMO
Nice pullback. Offloaded my longs. Start looking for short around 1.336x-7x
  • #564,066
  • Dec 7, 2020 6:18am Dec 7, 2020 6:18am
Quoting Catempire
{quote} Indeed, you have. But... As one example of many... Why would any other country want British Fish when there is no market for it? There isn't a shortage of fish in any region in the world & these are not high class Tuna or Marlin, its mackerel and John Dory, no market will require or be desperate for uk mackerel being sent by plane, much is the same with many of our industries and goods. The market is Europe. It's the most overly simplistic argument going... seriously, think it through. Markets for goods don't just appear out of thin air....
Fish is just one thing. I think about other industries.
We probably overestimate the EU in many cases. There are still many eastern European countries who would like to trade with the UK. If so, then that becomes an internal EU issue which is the heart of this union. You can already see it with Hungary, Poland, Czech/Slovakia, etc.
I'm living in the heart of Europe (CHE). All the countries below us became poorer but subsidized by the EU to clam up, while countries north of us became richer due to the undervalued euro. This was brought up by Italy, Greece and Spain in the past but they were silenced.
To me, this is still about multi-lateral trade which is not what the EU is all about. Time will tell.
Lost....
  • #564,067
  • Dec 7, 2020 6:22am Dec 7, 2020 6:22am
Quoting Bacco
{quote} thats true. but first thing in the morning i ve opened the chart and i saw the falling. i knew was aggressive, as soon as i was in profit i put be, and i was aware that was far from the starting point.. didnt work out, but i ll get another chance.
Woke up early today as I expected Frankfurt and London to be selling hard.

Yes, chances come pretty much every day. I lost money on revenge trading every time I felt that I missed a chance of a lifetime.
  • #564,068
  • Dec 7, 2020 6:23am Dec 7, 2020 6:23am
Quoting VM.
{quote} Well, I just translated what you said into layman's terms. I wonder how many people would vote for Brexit if this was clearly articulated by Leavers at the time of referendum. But you are right, no need for ridicule, I apologize. I am just very sad and a bit fearful about UK future; this is gallows humour.
Most of us are worried about the unknown so it's normal.
I'm about to short around 1.3349 - 1.3370 and I fear that this will spike upwards.
Correct me if I'm wrong but big UK business don't want Brexit to happen, while small/medium businesses as well as the English commoner want it. They've seen their industries and jobs sold off and/or shipped to other cheaper european countries.
Lost....
  • #564,069
  • Dec 7, 2020 6:26am Dec 7, 2020 6:26am
Quoting VM.
{quote} Woke up early today as I expected Frankfurt and London to be selling hard. Yes, chances come pretty much every day. I lost money on revenge trading every time I felt that I missed a chance of a lifetime.
i ll wait quietly, as i lion in the bush. when the prey is distracted, i ll jump on his neck.
Twitter: Rummer_grapes
  • #564,070
  • Dec 7, 2020 6:29am Dec 7, 2020 6:29am
Quoting Bacco
{quote} i ll wait quietly, as i lion in the bush. when the prey is distracted, i ll jump on his neck.
What if we ARE the prey in this case??
Lost....
  • #564,071
  • Dec 7, 2020 6:31am Dec 7, 2020 6:31am
Quoting gespiri
{quote} What if we ARE the prey in this case??
change your mindset
Twitter: Rummer_grapes
  • #564,072
  • Dec 7, 2020 6:32am Dec 7, 2020 6:32am
What a come back gu.. Not gonna trade this gu.. Better trade gold.. Good luck n green pips..
  • #564,073
  • Dec 7, 2020 6:33am Dec 7, 2020 6:33am
Quoting gespiri
{quote} Most of us are worried about the unknown so it's normal. I'm about to short around 1.3349 - 1.3370 and I fear that this will spike upwards. Correct me if I'm wrong but big UK business don't want Brexit to happen, while small/medium businesses as well as the English commoner want it. They've seen their industries and jobs sold off and/or shipped to other cheaper european countries.
Well, I fear the known in this case.

I don't know enough about small/medium businesses to tell. Maybe some will benefit, or think they will. English commoner -- depends; pensioners yes, youth no, working class probably yes (and will be hit the hardest), white collars probably no.
  • #564,074
  • Dec 7, 2020 6:38am Dec 7, 2020 6:38am
still waiting to go short again or go long.. hmm try to search another confirm before i go to open any position.. offside atm
Trade what you see, not what you think.. react and stay sharp..
  • #564,075
  • Dec 7, 2020 6:40am Dec 7, 2020 6:40am
Quoting Catempire
{quote} Markets for goods don't just appear out of thin air.
they don't need to ,
example
The No1 export of both sides is cars.
So you were buying a Bmw ,but with a 10% final decision maker tax on the whole car
you're buying an equivalent Land Rover ,Jaguar that could have a few parts higher by tax.

The point is a lot of markets only need to adapt in a lot of cases not come from thin air.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #564,076
  • Dec 7, 2020 6:41am Dec 7, 2020 6:41am
Looks like gold has finished the correction, did not pull back as far as i thought but has made an abc H1 and breaking up above s now r

same on eurusd audusd

nzdusd very close

swissy already make the break down after the abc


usual pull back continuation set ups on many currencies

cable still not clear for me
Follow The Markets Structure - Patience and Discipline
  • #564,077
  • Dec 7, 2020 6:43am Dec 7, 2020 6:43am
Quoting Arief-
{quote} step by step {image}
Arief, next step potential bearish 5-0 pattern...
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Always trade your own plan...I don't provide trading signals.
  • #564,078
  • Dec 7, 2020 6:51am Dec 7, 2020 6:51am
Quoting pipfarm
Looks like gold has finished the correction, did not pull back as far as i thought but has made an abc H1 and breaking up above s now r same on eurusd audusd nzdusd very close swissy already make the break down after the abc usual pull back continuation set ups on many currencies cable still not clear for me
I watch similar set of instruments + Dow. I guess breakout is reasonable expectation, but may be a double top. Dow is being sold atm.
  • #564,079
  • Dec 7, 2020 6:55am Dec 7, 2020 6:55am
Quoting Bacco
{quote} im out be. i ll take it higer at 3340 again. lets see
missed that for 2 pips -.-
Twitter: Rummer_grapes
  • #564,080
  • Dec 7, 2020 6:55am Dec 7, 2020 6:55am
Quoting VM.
{quote} I watch similar set of instruments + Dow. I guess breakout is reasonable expectation, but may be a double top. Dow is being sold atm.

Cable iam nearly convinced the whole 4H pattern is some kind of larger correction like an expanding triangle which would explain why the last leg of the daily up swing only had 3 swings and also why price retraced so low last time round to 3287 but it is still a stand aside situation for me.

Dow looks like its in a correction , only one leg complete and moving into the third

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Follow The Markets Structure - Patience and Discipline
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