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Cable Update (GBPUSD)

  • #565,141
  • Dec 11, 2020 3:31pm Dec 11, 2020 3:31pm
Quoting VM.
{quote} Either that, or there would be bankruptcies left, right and centre. But I am not sure which poison they would prefer, disaster capitalism may be their motto.
for sure, tbh given they’ve lied through their teeth, I don’t think they will have a choice, pretty sure the fishermen will be asking where their bigger quota is and demand some money as a start.

Eitherway both are shite for the pound.

I believe we’re on the same page VM
Que Sera
  • #565,142
  • Dec 11, 2020 3:33pm Dec 11, 2020 3:33pm
Quoting navk
{quote} long time, no see. how are you
Hi bud

Busy.

Work with booooring people.

So annoying .

Shopping spree...

Buying house.

Yes bitcoin investment (little take profits) ..
Beware of robber banks (RB), bad advisors.
  • #565,143
  • Dec 11, 2020 3:34pm Dec 11, 2020 3:34pm
Noone thanked me for my great predicion ...

Why Dumboooos
Whyyy


This thread and people in it just suk.


You deserve the 80-85% loser rate.

Enjoy

Quoting Not-KPMG
{quote.. Easy But I'm not bothered with targets and numbers

1.3123567 how's that .

.... don't care.
I sell NOT ALWAYS but when I want to.
...

Nice target me

Byeee bubulaaas
Beware of robber banks (RB), bad advisors.
  • #565,144
  • Dec 11, 2020 3:34pm Dec 11, 2020 3:34pm
Quoting kuroro001
{quote} I guess so Because even 1700 pips is not doable really Market is factoring both outcome, there won't be any real suprises Maybe 200/300 pips move but more i doubt it really
Big boys may deliberately wait to drop the price over the weekend, although I doubt it. The gaps are not usually big for GU. I am holding my short over the weekend however, as I don't see much upside anyway (and would be able to hedge through IG account if I am deeply mistaken).
  • #565,145
  • Dec 11, 2020 3:34pm Dec 11, 2020 3:34pm
Quoting Not-KPMG
Noone thanked me for my great predicion ... Why Dumboooos This thread and people in it just suk. You deserve the 80-85% loser rate. Enjoy
Which prediction ?

Buying bitcoin 19k and holding until you make profits ?
Selling euro 1,18 ? to see it near 1,22 next ?
Or your fantasy calls about GBPUSD that no one understand ?

Give us other calls plz
COT: The precious data ignored
  • #565,146
  • Dec 11, 2020 3:35pm Dec 11, 2020 3:35pm
Quoting VM.
{quote} Either that, or there would be bankruptcies left, right and centre. But I am not sure which poison they would prefer, disaster capitalism may be their motto.
2021 will be the year of bankruptcies all over the world, due to the lockdowns. I feel bad for all small and medium sized businesses. Big companies got bigger and richer...and middle class is being wiped out. They call it science...apparently there can be 500 people in a big store, but not 10 people in a small store...
Everyone can see the chart, but only a few can actually read it.
  • #565,147
  • Dec 11, 2020 3:37pm Dec 11, 2020 3:37pm
Quoting VM.
{quote} Big boys may deliberately wait to drop the price over the weekend, although I doubt it. The gaps are not usually big for GU. I am holding my short over the weekend however, as I don't see much upside anyway (and would be able to hedge through IG account if I am deeply mistaken).
Yes i doubt we'll see any big moves until the facts anyway.

I'll sleep well this week end
COT: The precious data ignored
  • #565,148
  • Dec 11, 2020 3:39pm Dec 11, 2020 3:39pm
Quoting VM.
{quote} Big boys may deliberately wait to drop the price over the weekend, although I doubt it. The gaps are not usually big for GU. I am holding my short over the weekend however, as I don't see much upside anyway (and would be able to hedge through IG account if I am deeply mistaken).
Well unless they miraculously fix what they haven’t been able to in 2 years, in 2 days, doubt it will be opening up.

if they do drag a deal out of their arse it’ll be done almost at the last second. Imo.

it’s a game of chicken.

Far safer to hold shorts now than it will be during the Christmas/NY period... all my SL’s are now at break evens & the market either closes me out, or I close them next year. Will be hedging & adding as and when.
Que Sera
  • #565,149
  • Dec 11, 2020 3:40pm Dec 11, 2020 3:40pm
Quoting OnlineAddict
{quote} 2021 will be the year of bankruptcies all over the world, due to the lockdowns. I feel bad for all small and medium sized businesses. Big companies got bigger and richer...and middle class is being wiped out. They call it science...apparently there can be 500 people in a big store, but not 10 people in a small store...
True

Governments are clueless, they do things they don't even understand

You cannot see more than 6 members of your family during Chrismas (here in France) but you are allowed to go to The Mall and be surrounded by hundred of people

Bunch of jokers
COT: The precious data ignored
  • #565,150
  • Dec 11, 2020 3:40pm Dec 11, 2020 3:40pm
Quoting OnlineAddict
{quote} 2021 will be the year of bankruptcies all over the world, due to the lockdowns. I feel bad for all small and medium sized businesses. Big companies got bigger and richer...and middle class is being wiped out. They call it science...apparently there can be 500 people in a big store, but not 10 people in a small store...
Yes, I expect this as well. But still many scenarios possible here, although none of them good.
  • #565,151
  • Dec 11, 2020 3:49pm Dec 11, 2020 3:49pm
GBP smart money against dumb money

It says all

Attached Image
COT: The precious data ignored
  • #565,152
  • Dec 11, 2020 3:51pm Dec 11, 2020 3:51pm
And this.

leavers: you bunch of short sighted idiots.
Attached Image (click to enlarge)
Click to Enlarge Name: C711065F-576A-45A1-BD96-F9902BD11A83.jpeg Size: 492 KB
Que Sera
  • #565,153
  • Dec 11, 2020 3:51pm Dec 11, 2020 3:51pm
Still waiting on the sideline for my friend GBP. Brexit looks more titled towards a no-deal, as well as BoE hinting towards negative rates I see gbp being pressured hard. Still waiting for confirmation of this no deal then I will be interested in shorting gbp ESPECIALLY against AUD
Master your mind. Master Trading.
  • #565,154
  • Dec 11, 2020 3:53pm Dec 11, 2020 3:53pm
Quoting kuroro001
GBP smart money against dumb money It says all {image}
Kuroro correct me if I’m wrong (I’ve never read a chart like this)

does it not indicate a potential bounce further down?
Que Sera
  • #565,155
  • Dec 11, 2020 3:56pm Dec 11, 2020 3:56pm
Quoting Catempire
{quote} Kuroro correct me if I’m wrong (I’ve never read a chart like this) does it not indicate a potential bounce further down?
It says dealers (smart money) are selling, while money managers (dumb money) are buying

It can rise of course until positionning is extreme but the short side is strenghtening for sure

I didn't post the Assets managers chart, but they are going all in on the long side (which is not good for longs)
COT: The precious data ignored
  • #565,156
  • Dec 11, 2020 3:58pm Dec 11, 2020 3:58pm
Quoting kuroro001
{quote} It says dealers (smart money) are selling, while money managers (dumb money) are buying It can rise of course until positionning is extreme but the short side is strenghtening for sure I didn't post the Assets managers chart, but they are going all in on the long side (which is not good for longs)
Cheers mate. Very interesting chart, where do you source it?

also.

Why would asset managers do this?

Because it’s not their money and someone needs to buy? Ie: pre planned up volume to unload into?

or because they really are stupid?
Que Sera
  • #565,157
  • Dec 11, 2020 3:59pm Dec 11, 2020 3:59pm
The PA in the last 15 minutes looks like a setup for a gap down on sunday...
Everyone can see the chart, but only a few can actually read it.
  • #565,158
  • Dec 11, 2020 4:08pm Dec 11, 2020 4:08pm
Quoting Catempire
{quote} Cheers mate. Very interesting chart, where do you source it? also. Why would asset managers do this? Because it’s not their money and someone needs to buy? Ie: pre planned up volume to unload into? or because they really are stupid?
Its from the cftc.gov website (COT report)

Assets managers are trend followers, they just add more and more as it goes up (and same as we go down).
Then when positionning is too extreme, it reverses....like a stretched elastic
COT: The precious data ignored
  • #565,159
  • Edited 4:32pm Dec 11, 2020 4:11pm | Edited 4:32pm
Quoting trumps
{quote} Your view on the wick of that "no name" monthly candle has changed?
No it's still I don't know what it means,
I have never seen such a wick,I only know it can't take it anytime soon high probability.
My outlook has been side ,but some doubt below major support.

Specifically the point of the post you quote,I know a lot of really long term fundi outlooks are wrong.
I can honestly say it's not that it fits my personal view ,knock me down with a feather should I be wrong I'm super bullish right there, should it go to the all time low.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-12-11 at 21.56.56.png Size: 225 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #565,160
  • Dec 11, 2020 4:17pm Dec 11, 2020 4:17pm
Quoting kuroro001
{quote} Its from the cftc.gov website (COT report) Assets managers are trend followers, they just add more and more as it goes up (and same as we go down). Then when positionning is too extreme, it reverses....like a stretched elastic

I like the language you speak. A flash crash to ATL’s would be the dream, if they are positioned from the lows, seems more likely to happen as at some point they will flip.

thanks mate.
Que Sera
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