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Cable Update (GBPUSD)

  • #564,901
  • Dec 10, 2020 11:14am Dec 10, 2020 11:14am
Come on 1.37... !
(SYKE)...

What happened to all the big calls in here?
-I'm sure they're still valid one way or another.
(I Haven't really read the log here).
But I think we are defined to the periods of time in what we see,
do our thing & call it a day w/what's in front of us.

-What we should be doing anyway, eh, right? Brexit / no Brexit / Stimulus / No Stimulus.
The US & the GBP are both Fundamentally struggling thru things w/Covid,
a disaster economy due to Covid, etc, etc.
I will work to Objectively Identify my Edges
  • #564,902
  • Dec 10, 2020 11:16am Dec 10, 2020 11:16am
Quoting kazzyworld
{quote} Watch blaaaaaas

I will advice you start BUYING... if you know, you know...

Soooo

Buying 1.33 are we???
. Good luck bubba
Beware of robber banks (RB), bad advisors.
  • #564,903
  • Dec 10, 2020 11:19am Dec 10, 2020 11:19am
Quoting kazzyworld
The BULLS need more power to break the monthly TL and target 1.57xx. . Blaaaa
w... {image}

Soooo

When 1.45 . And 1.57


LMAO
Beware of robber banks (RB), bad advisors.
  • #564,904
  • Dec 10, 2020 11:20am Dec 10, 2020 11:20am
Yeah,

Bears had fun w/that little run...
I will work to Objectively Identify my Edges
  • #564,905
  • Dec 10, 2020 11:26am Dec 10, 2020 11:26am
Quoting wiserltz
{quote} He said "rarely does", NOT yes or no or yes or no or yes
He's a schmooster, but dangerous big mouth....

That's why I bite at him...

See
LOL.

Quoting OnlineAddict
Yes, there will be 1.45, I blablaaaa
It may take months or a year, I don't really care, I will keep buying the dips and.....few lies here by O.Add...... Good advice!
I'm saving this in my notes.
I'll laugh and pull it occasionally

Beware any advice.
Beware of robber banks (RB), bad advisors.
  • #564,906
  • Dec 10, 2020 11:49am Dec 10, 2020 11:49am
Quoting kk300
i think no more up. until we reach the level. {image}
Yesterday posted this chart.
  • #564,907
  • Dec 10, 2020 11:51am Dec 10, 2020 11:51am
Been well over a week since I've posted a cable trade. Simply just been involved in other pairs, but here I have a long position on a daily timeframe based play looking for further upside to the bullish trend. Will be posting a few analysis based charts and the entry itself with some explanation. All the best.

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So first of all movement is showing clear up trajectory on the Weekly, so I will only want to take long positions on any Daily plays until further notice.

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Dropping down to the 4HR, price has spiked down below the ADR bands & the TMA sloping band indicating a potential over stretch to the downside looking to catch sellers on the wrong side typically on lower timeframe breakouts to then snap in the other direction (long)

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The Weekly Central Pivot in this case since we're trading a Daily setup is in a stepping up formation & price has pulled through it to the downside, further confluence on the down move being a pullback versus straight reversal, smoothed WPR is above the -50 indicating buying is still in play & the non smoothed WPR is below -80 indicating potential profit taking and a sufficient pullback being met.

Attached Image (click to enlarge)
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Non smoothed WPR is below -80 on both the 4HR and the 1HR (trigger timeframe) lowering the odds of getting whipped for a double bottom. Highlighted candle close has signalled a change in the short term trend on this timeframe. Double check all the prior criteria, and entered targeting the top of the ADR band.

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  • #564,908
  • Dec 10, 2020 12:04pm Dec 10, 2020 12:04pm
*U.K.'S JOHNSON SAYS PREPARE FOR NO EU TRADE DEAL AFTER BREXIT
1.45 or 1.1 ??
  • #564,909
  • Dec 10, 2020 12:06pm Dec 10, 2020 12:06pm
100 $ slam dunk in 2 minutes drop
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yes yes yes
  • #564,910
  • Dec 10, 2020 12:08pm Dec 10, 2020 12:08pm
i am in again lol
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yes yes yes
  • #564,911
  • Dec 10, 2020 12:10pm Dec 10, 2020 12:10pm
Quoting soulreader
*U.K.'S JOHNSON SAYS PREPARE FOR NO EU TRADE DEAL AFTER BREXIT 1.45 or 1.1 ??
Probably go to 1.9
Que Sera
  • #564,912
  • Dec 10, 2020 12:12pm Dec 10, 2020 12:12pm
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yes yes yes
  • #564,913
  • Dec 10, 2020 12:13pm Dec 10, 2020 12:13pm
This is three weeks before Brexit

"***BREAKING: Morgan Stanley plans to move about 100 billion euros of assets to Frankfurt, the latest Wall Street bank to shift business from the U.K.***"

Honestly the UK is fooked for a period at least.

Some analysists think it will be ON PAR WITH THE DOLLAR

But as I said this morning the crux of the drop will come next year as the market willthink it is political posturing
Que Sera
  • #564,914
  • Dec 10, 2020 12:16pm Dec 10, 2020 12:16pm
Quoting Not-KPMG
{quote} Soooo When 1.45 . And 1.57 LMAO

One will surely know the 1m and 5m TF trader...
You will easily know when you come across one.


if you know, you know...
My goal is what keeps me going...
  • #564,915
  • Dec 10, 2020 12:21pm Dec 10, 2020 12:21pm
Quoting Wavegarrick
{quote} Hi Guys, The grind continues for me. It has been a case of rinse and repeat until direction becomes more clear with my system. I am bearish until my system tells me otherwise. All trades locked in. I am hoping for a grind towards my green highlighted area of 1.31068 ish. It has been a scalpers paradise, but at some point, we should see a bit more trendy conditions. Very tricky trading. All the best Cheers. {image}
Hi Guys,
Just going with the flow here. For the time being hoping to see an AB=CD pattern completion at 1.31621 ish. Also my weekly support 2. All trades locked in so no stress.

All the best
Cheers.
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Trade to trade another day
  • #564,916
  • Dec 10, 2020 12:29pm Dec 10, 2020 12:29pm
Quoting Catempire
{quote} Probably go to 1.9
1.9 or 1.19 ??
  • #564,917
  • Dec 10, 2020 12:43pm Dec 10, 2020 12:43pm
Project Fear-aka you already used that one unfortunately now everyone thinks its bull.
The phrase has been used to characterise unfounded claims of economic and socio-political dangers–primarily those that would result from a change to the existing political status quo

China is so far off the ‘level playing field’, it’s like they’re playing in another stadium in another city. Despite the fact that China is the world’s No.1 polluter, does not respect human rights, subsidises its industries on a massive scale, and has some of the lowest standards of workers’ rights and individual freedoms, the EU was happy to buy €363 billion of goods last year (2019).

 

  1. Of the EU’s 69 ‘trade deals’, only 29 are “in force”
  2. 40 of these agreements have only been “provisionally applied”
  3. The top three sellers into the EU’s Single Market sold more than the EU’s 69 ‘trade deal’ countries put together

On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #564,918
  • Dec 10, 2020 12:53pm Dec 10, 2020 12:53pm
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yes yes yes
  • #564,919
  • Dec 10, 2020 12:57pm Dec 10, 2020 12:57pm
Quoting soulreader
{quote} 1.9 or 1.19 ??
I was taking the piss.

There isn't an analysis or economist that thinks the pound will rise on a no deal Brexit... the only place people think that seems to be inside this page.
Que Sera
  • #564,920
  • Dec 10, 2020 1:03pm Dec 10, 2020 1:03pm
Quoting Bones
Project Fear-aka you already used that one unfortunately now everyone thinks its bull. The phrase has been used to characterise unfounded claims of economic and socio-political dangers–primarily those that would result from a change to the existing political status quo China is so far off the ‘level playing field’, it’s like they’re playing in another stadium in another city. Despite the fact that China is the world’s No.1 polluter, does not respect human rights, subsidises its industries on a massive scale, and has some of the lowest standards...
"The phrase has been used to characterise unfounded claims of economic and socio-political dangers–primarily those that would result from a change to the existing political status quo"

Bones did you find that statement on Breitbart? lol.

"Project Fear" was used against remainers from the brexiteers when they denied companies would start leaving the UK... it was "Project fear" all of the things that are about to happen.

Are you living in cloud co co land ? Same BS tactic the Tories have started using... deny the facts and then pull them out of context, what sort of credibility in life do people who do this expect to hold with people who aren't brain dead & don't bullshit ??
Que Sera
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