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Cable Update (GBPUSD)

  • #565,161
  • Dec 11, 2020 4:31pm Dec 11, 2020 4:31pm
The bearish engulf failed ,but still were in range.Range is tricky candles.
There isn't a bearish monthly signal in place right now
When it gets below 1.2 it leave's almighty wicks to the South
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #565,162
  • Dec 11, 2020 4:58pm Dec 11, 2020 4:58pm
Quoting Bones
The bearish engulf failed ,but still were in range.Range is tricky candles. There isn't a bearish monthly signal in place right now When it gets below 1.2 it leave's almighty wicks to the South {image}
I see 2 possible bounce zones for bulls...first between 2500-2750...and if 2500 broke, 1750-2000 as the second. Tough to predict specific numbers with pound's volatility, money managent is more important than anything else with this pair.
Everyone can see the chart, but only a few can actually read it.
  • #565,163
  • Dec 11, 2020 5:45pm Dec 11, 2020 5:45pm
Pound heading for a crash if Britain fails to get a Brexit trade deal

https://edition.cnn.com/2020/12/11/i...und/index.html
  • #565,164
  • Dec 11, 2020 6:21pm Dec 11, 2020 6:21pm
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Everyone can see the chart, but only a few can actually read it.
  • #565,165
  • Dec 11, 2020 6:39pm Dec 11, 2020 6:39pm
Quoting kuroro001
GBP smart money against dumb money It says all {image}
I don’t think it’s smart or dumb money, they just follow volume and trade in the same direction as the delta/ extreme volume is moving. When a move starts often around London open, the first volume spikes are around 4-8 times average volume as measured on the 1 minute chart. If candle 2 and 3 maintain a higher than average volume reading (about double average size), they will start adding more volume to create expansion on a chart - therefore encourage the trend to continue.
Its as simple as that
Trading thin liquidity at the boundary of the charts
  • #565,166
  • Dec 11, 2020 8:23pm Dec 11, 2020 8:23pm
who think it will gap on monday...anyone?
  • #565,167
  • Dec 11, 2020 8:51pm Dec 11, 2020 8:51pm
i do not predict but see the hourly or 30 min chart to trade.

some examples.
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Intraday only.
  • #565,168
  • Dec 12, 2020 12:47am Dec 12, 2020 12:47am
Quoting OnlineAddict
{image}
Maybe this was intentional on Boris’ part.....
Lost....
  • #565,169
  • Dec 12, 2020 1:51am Dec 12, 2020 1:51am
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I BELIVE THE PRICE will go up from Monday , or maybe on Tuesday after another manipulation's down move
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i will start drading my startegy with the 5 min chart , 1 min is too choppy
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yes yes yes
  • #565,170
  • Dec 12, 2020 2:28am Dec 12, 2020 2:28am
Quoting OnlineAddict
The PA in the last 15 minutes looks like a setup for a gap down on sunday...
M15: M30, H1, H4 are all bearish IMO. But you know this pair is crazy.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #565,171
  • Dec 12, 2020 2:47am Dec 12, 2020 2:47am
if a deal is announced on Sunday or some positive news. does it mean GU will fly on Monday opening?
  • #565,172
  • Dec 12, 2020 3:07am Dec 12, 2020 3:07am
Quoting NotAtrader
{quote} M15: M30, H1, H4 are all bearish IMO. But you know this pair is crazy.
I said some nasty words but I'll rectify some of them. This site is great for news and calendar news items to look for; Ive been using and will keep using them forever.

I wanted to add before you temporarely suspended me that following this kind of forums didnt do any goods to me; most people or long term loosers that keep hanging around for some reason. Same issue you see at Forexlive and Investing.com(..)

Im about to kickstart my IB account soon again as I achieved almost 25k now. I started $500 mid 2018 in my 2nd life as trader. Never ever took clues from nobody but my newsserver(TTN), other sites publishing news and my own analises. I did steal all technicals from other people though

You can still look at my thread for inspiration; it wasnt nr1 hottest thread for no reason many times before when I published something. GL
  • #565,173
  • Dec 12, 2020 3:11am Dec 12, 2020 3:11am
Quoting Ehsank78
if a deal is announced on Sunday or some positive news. does it mean GU will fly on Monday opening?

i would say we have a bit of assymetric risk here on cable.
On Sunday I don’t think we will have a deal. All Sunday will be is whether talks will continue or not ... which is basically where we are at the minute ... if talks don’t continue then that’s it no deal brexit and I guess GBPUSD Will tank 1.20-1.25 area..
The market for sure hasn’t priced in a no deal brexit the recent sell off I think we are at around 80% deal to be done.. So I feel we aren’t even at 50% for deal no deal..

anything positive I think around 300’point move and when I mean positive I mean deal done ..

im loaded short so you see what I want hahaha
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  • #565,174
  • Dec 12, 2020 4:15am Dec 12, 2020 4:15am
Naval forces, ok ...

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COT: The precious data ignored
  • #565,175
  • Dec 12, 2020 4:54am Dec 12, 2020 4:54am
A possible scenario that I'm anticipating
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  • #565,176
  • Dec 12, 2020 5:09am Dec 12, 2020 5:09am
Quoting Ehsank78
if a deal is announced on Sunday or some positive news. does it mean GU will fly on Monday opening?
Ehsank you have to weigh up how much of the possible ‘good’ news is priced in.

if the market was expecting a Deal to be made then the markets been pricing it in.

which really means if a deal was suddenly pulled out of a hat it would rise a little, if talks continue equally might open up, if talks were to end completely and you get the media talking about gun boats etc then it could open down considerably.

BREXIT is the single biggest long term hit to the British economy in 50 years

Historic size drops to the downside are very possible.
Que Sera
  • #565,177
  • Dec 12, 2020 5:13am Dec 12, 2020 5:13am
Quoting Catempire
{quote} Ehsank you have to weigh up how much of the possible ‘good’ news is priced in. if the market was expecting a Deal to be made then the markets been pricing it in. which really means if a deal was suddenly pulled out of a hat it would rise a little, if talks continue equally might open up, if talks were to end completely and you get the media talking about gun boats etc then it could open down considerably. BREXIT is the single biggest long term hit to the British economy in 50 years Historic size drops to the downside are very possible.
what about covid?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #565,178
  • Dec 12, 2020 5:27am Dec 12, 2020 5:27am
Quoting kuroro001
{quote} 17k pips drop on monday ? right.... The market knows both no deal and deal are possible. Lately GBPUSD is pricing both outcome, there won't be any big suprises 17k pips drop in a single day would almost mean end of the world, or UK removed from the worldmap 17k pips = GBPUSD negative... Do no scare people with such comments
What was the move on the brexit vote day (Friday), remind me please?
WT
  • #565,179
  • Dec 12, 2020 5:33am Dec 12, 2020 5:33am
Quoting Bones
{quote} what about covid?
That’s why I said long term mate.

A market for all the goods you can’t sell to EU won’t just appear out of nowhere. In fact you won’t be selling them until the U.K. accepts the shit deal or rejoins.

Covid didn’t take markets away it just stopped them for a short period of time.
Que Sera
  • #565,180
  • Dec 12, 2020 5:41am Dec 12, 2020 5:41am
Largest bear run was over 7000 pips over 7 months from 1.98 to 1.3498
Que Sera
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