Cable Update (GBPUSD) | Page 28206 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #564,101
  • Dec 7, 2020 9:54am Dec 7, 2020 9:54am
Quoting pipfarm
{quote} I would not be too sure Cat , if your talking about the current price action, this could still go either way from a t/a perspective, i will not be taking a position either way atm.
What I mean is... its heavy off the highs and uncertainty is here... I agree it doesn';t know where it wants to go.

But... Boris will not level the playing field... there will be no deal... The EU cannot give us a better deal than other member states, thought this from day 1.
Que Sera
  • #564,102
  • Dec 7, 2020 9:54am Dec 7, 2020 9:54am
Quoting Lastaccount
{quote} believe me my pren.. you will see 1.30 soon. I promised
its a real promise? good to know
Make money by doing the opposite of Giveachance aka loser
  • #564,103
  • Dec 7, 2020 9:56am Dec 7, 2020 9:56am
Quoting pipfarm
Looks like price is set up for deal or no deal , probably announcement due soon
If there will be an announcement today, then it will be no deal.

But reading the news, I think we are not ready just yet. Some progress is made, and Johnson don't want be the one to pull the trigger. He want to be provoked so that he can say he had no other choice to defend the sovereignty and so on and so forth.
  • #564,104
  • Dec 7, 2020 10:00am Dec 7, 2020 10:00am
On the lower time-frames - they are buying it- + US stimulus news
4pm fix coming up
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #564,105
  • Dec 7, 2020 10:01am Dec 7, 2020 10:01am
Boris is screwed either way tbh

Damned with a deal... especially as he has made such a hoo har about uk keeping its sovereignty ...

Damned with a no deal as he'll have a fuck off big angry mob outside no.10

That's what you get for lying.
Que Sera
  • #564,106
  • Dec 7, 2020 10:05am Dec 7, 2020 10:05am
Quoting SFundamental
On the lower time-frames - they are buying it- + US stimulus news 4pm fix coming up
Fix did not give any clues today. Sometimes it's non-stop buying before the fix, and you know you have to sell after. Today it's sort of undecided.
  • #564,107
  • Dec 7, 2020 10:15am Dec 7, 2020 10:15am
Bulls are going for the kill , once above 1.34 its over
Make money by doing the opposite of Giveachance aka loser
  • #564,108
  • Dec 7, 2020 10:15am Dec 7, 2020 10:15am
If they rally into it - and it makes a new high or low
Then its worth having a look-

The end of the month fix is meant to be the main one.

Also I mark up the charts with those levels - into any inmportant data releases / cash rate meeting etc... I will stick a limit order there just in case someone has forgotten an order
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #564,109
  • Dec 7, 2020 10:20am Dec 7, 2020 10:20am
Progress = 1.338, stagnation = 1.330, bad news = 1.316. I will check at end of day to see if there is any truth in my numbers.
  • #564,110
  • Dec 7, 2020 10:28am Dec 7, 2020 10:28am
Quoting Steamroller
Progress = 1.338, stagnation = 1.330, bad news = 1.316. I will check at end of day to see if there is any truth in my numbers.
it is going up

don't be suprised if it ends green today
Make money by doing the opposite of Giveachance aka loser
  • #564,111
  • Dec 7, 2020 10:29am Dec 7, 2020 10:29am
Quoting Catempire
Boris is screwed either way tbh Damned with a deal... especially as he has made such a hoo har about uk keeping its sovereignty ... Damned with a no deal as he'll have a fuck off big angry mob outside no.10 That's what you get for lying.
Like he cared about it???
WT
  • #564,112
  • Dec 7, 2020 10:29am Dec 7, 2020 10:29am
Quoting nessus94
Bulls are going for the kill , once above 1.34 its over

Yep deal done is imminent, market sentiment , extremely bullish, every swing up and down has had 3 legs, its done exp triangle pattern
Follow The Markets Structure - Patience and Discipline
  • #564,113
  • Dec 7, 2020 10:30am Dec 7, 2020 10:30am
Quoting pipfarm
{quote} Yep deal done is imminent, market sentiment , extremely bullish
bears will cry very soon
Make money by doing the opposite of Giveachance aka loser
  • #564,114
  • Dec 7, 2020 10:31am Dec 7, 2020 10:31am
Quoting nessus94
{quote} bears will cry very soon
Even if it goes to 1.5 I'm certainly not going to start crying.
Que Sera
  • #564,115
  • Dec 7, 2020 10:32am Dec 7, 2020 10:32am
Quoting Catempire
{quote} Even if it goes to 1.5 I'm certainly not going to start crying.
no
but you would have been so wrong and miss a 1800 pips rally

that is life
Make money by doing the opposite of Giveachance aka loser
  • #564,116
  • Dec 7, 2020 10:35am Dec 7, 2020 10:35am
Demo Trader:
Attached Image
Le$$ I$ More
  • #564,117
  • Dec 7, 2020 10:36am Dec 7, 2020 10:36am
Is the price action bullish for the last few hours? Yes.
Will there be a deal today? No chance. Just trust someone who knows a bit about politics.
  • #564,118
  • Dec 7, 2020 10:37am Dec 7, 2020 10:37am
Quoting VM.
Is the price action bullish for the last few hours? Yes. Will there be a deal today? No chance. Just trust someone who knows a bit about politics.

Maybe so but watch 3400 the closer we get the closer the announcement is due
Follow The Markets Structure - Patience and Discipline
  • #564,119
  • Dec 7, 2020 10:38am Dec 7, 2020 10:38am
Quoting VM.
Is the price action bullish for the last few hours? Yes. Will there be a deal today? No chance. Just trust someone who knows a bit about politics.
it is ok
today no deal but this week or very soon yes

price will stay here
maybe dip a bit (1,3185?)

then up up up
Make money by doing the opposite of Giveachance aka loser
  • #564,120
  • Dec 7, 2020 10:40am Dec 7, 2020 10:40am
Quoting nessus94
{quote} it is going up don't be suprised if it ends green today
just 50 pips is good to end green and send bears to the grave
Make money by doing the opposite of Giveachance aka loser
307 traders viewing now