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Cable Update (GBPUSD)

  • #565,261
  • Dec 13, 2020 6:44am Dec 13, 2020 6:44am
Quoting nessus94
{quote} i dont buy bottom or sell top im not so good but i buy when its cheap
That makes no sense.

you only started shouting buy after it was over 13300

it was cheaper at 13130
Que Sera
  • #565,262
  • Dec 13, 2020 6:46am Dec 13, 2020 6:46am
Quoting Catempire
{quote} That makes no sense. you only started shouting buy after it was over 13300 it was cheaper at 13130
Below 1,32 was cheap

im not telling all my trades here
Make money by doing the opposite of Giveachance aka loser
  • #565,263
  • Dec 13, 2020 6:50am Dec 13, 2020 6:50am
Quoting nessus94
{quote} Below 1,32 was cheap im not telling all my trades here
Ok Nessus of course you bought under 3200

complete bullshit or not hot the bollocks to put it on the line. Eitherway.

Ego trading.

more worried about being seen to get it right then actually getting it right.

good luck with the air trade hope you close it at exactly the right spot.
Que Sera
  • #565,264
  • Dec 13, 2020 7:01am Dec 13, 2020 7:01am
Quoting trumps
{quote} In my mind, the question then becomes, why would these other countries want to leave?
If you read past news about Greece and Italy you find both countries, being tied to the Euro, could not alter interest rates when financial problems struck. EU is a political union, sharing a common currency (Euro) but NOT a fiscal union(of states) like the USA.
every Saint has a past. Every Sinner has a Future
  • #565,265
  • Dec 13, 2020 7:02am Dec 13, 2020 7:02am
Quoting gespiri
{quote} He won't........he's one of them. They're pushing the Great Reset very hard but they have to wait for Biden to be officially in. Therefore, expect this comedy to continue in Jan.
Still hold true until Jan or longer.....
Lost....
  • #565,266
  • Dec 13, 2020 7:03am Dec 13, 2020 7:03am
11 & 1/2 trading days till U.K. leaves EU

Doesn’t look to me like they actually got anywhere with call, just that they will continue.

uk needs to back frown on various fronts, fishing being one.
Que Sera
  • #565,267
  • Dec 13, 2020 7:03am Dec 13, 2020 7:03am
Quoting gespiri
{quote} Still hold true until Jan or longer.....
Are you U.K. based mate ?

no chance Tories will extend it again... most back benchers want a no deal.
Que Sera
  • #565,268
  • Dec 13, 2020 7:04am Dec 13, 2020 7:04am
hi fellas, ig weekend price is invalid.
  • #565,269
  • Dec 13, 2020 7:07am Dec 13, 2020 7:07am
Round and round we go
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  • #565,270
  • Dec 13, 2020 7:17am Dec 13, 2020 7:17am
Quoting emannnn
hi fellas, ig weekend price is invalid.
How so? Curious
  • #565,271
  • Dec 13, 2020 7:37am Dec 13, 2020 7:37am
Quoting Catempire
{quote} Probably open flat or there abouts.
While I have no doubt in my mind that you're extremely well read in the topic of Brexit, this knowledge may not be enough to pinpoint the exact time price will go up/down. Sometimes price does not reflect the fundamental value of the currency and may even divert hundreds of pips from it.

I don't know if you've read "Market Wizards' by Jack Schwager, but the author mentioned something that caught my attention. He used to be a firm believer of only using fundamentals to trade, but the main problem he had was getting the timing right and due to this, he couldn't be consistently profitable. He claims that he later on started using technicals for better accuracy.

Now I'm not supporting one way over the other; I'm just saying that you may have to expect huge drawdowns when solely trading on fundies.
  • #565,272
  • Dec 13, 2020 7:45am Dec 13, 2020 7:45am
Quoting Kaysole
{quote} While I have no doubt in my mind that you're extremely well read in the topic of Brexit, this knowledge may not be enough to pinpoint the exact time price will go up/down. Sometimes price does not reflect the fundamental value of the currency and may even divert hundreds of pips from it. I don't know if you've read "Market Wizards' by Jack Schwager, but the author mentioned something that caught my attention. He used to be a firm believer of only using fundamentals to trade, but the main problem he had was getting the timing right and due...
Agreed, trading fundamentals timing is hard & undoubtedly timing is nigh on impossible in this kind of situation as it is relying on politicians... on Friday Sunday was the dealine, today they are continuing talks...

I don't mind if this goes over 13400... I would like it if it can stay below 13472 tho
Que Sera
  • #565,273
  • Dec 13, 2020 7:48am Dec 13, 2020 7:48am
Quoting Kaysole
{quote} While I have no doubt in my mind that you're extremely well read in the topic of Brexit, this knowledge may not be enough to pinpoint the exact time price will go up/down. Sometimes price does not reflect the fundamental value of the currency and may even divert hundreds of pips from it. I don't know if you've read "Market Wizards' by Jack Schwager, but the author mentioned something that caught my attention. He used to be a firm believer of only using fundamentals to trade, but the main problem he had was getting the timing right and due...

you are right there .. I’m a big fundamental guy but don’t rely solely on that ... I think u need a little bit of everything

focusing on fundies alone in the past has been a pain
  • #565,274
  • Dec 13, 2020 7:49am Dec 13, 2020 7:49am
Quoting Catempire
{quote} Agreed, trading fundamentals timing is hard & undoubtedly timing is nigh on impossible in this kind of situation as it is relying on politicians... on Friday Sunday was the dealine, today they are continuing talks... I don't mind if this goes over 13400... I would like it if it can stay below 13472 tho

yea 1.34 would be nice I have shorts from 1.3450 and and 1.3320 will be underwater with the 1.3320 but aw well it is what it is
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  • #565,275
  • Dec 13, 2020 8:07am Dec 13, 2020 8:07am
Quoting allinazi
{quote} you are right there .. I’m a big fundamental guy but don’t rely solely on that ... I think u need a little bit of everything focusing on fundies alone in the past has been a pain
Fundamentals no doubt cause the biggest moves as well tho hence why they are of interest.
Que Sera
  • #565,276
  • Dec 13, 2020 8:21am Dec 13, 2020 8:21am
How much stock should be put in the IG Weekend Market figure?

I’m not particularly concerned because to my mind, nothing has changed no deal is still 80% possible, but I’m just curious as I’ve never really bothered looking over the weekend.

LR
  • #565,277
  • Dec 13, 2020 8:24am Dec 13, 2020 8:24am
Quoting letsride
How much stock should be put in the IG Weekend Market figure? I’m not particularly concerned because to my mind, nothing has changed no deal is still 80% possible, but I’m just curious as I’ve never really bothered looking over the weekend. LR
It gives us a better idea than nothing... the opening price will be out by a few pips but should at the very least show a jump in the same general direction.
Que Sera
  • #565,278
  • Dec 13, 2020 8:26am Dec 13, 2020 8:26am
Quoting letsride
How much stock should be put in the IG Weekend Market figure? I’m not particularly concerned because to my mind, nothing has changed no deal is still 80% possible, but I’m just curious as I’ve never really bothered looking over the weekend. LR
Gonna guess the figure is based on what IG retail clients are doing, the weekend market maybe gives people a chance to take positions when the market rolls over tonight... 20 pip spread though you'd have to be pretty sure of a big move one way or another. I don't know this it's just a guess.
  • #565,279
  • Dec 13, 2020 8:26am Dec 13, 2020 8:26am
https://mobile.twitter.com/BorisJohn...26986070331392

No deal still the most likely outcome, so false hopes for bulls.
Everyone can see the chart, but only a few can actually read it.
  • #565,280
  • Dec 13, 2020 8:32am Dec 13, 2020 8:32am
Quoting OnlineAddict
https://mobile.twitter.com/BorisJohn...26986070331392 No deal still the most likely outcome, so false hopes for bulls.
can i ask for knowleadge .... if "no deal" what will happen with EU ? EURO gonna be strong or it not affect anything to this currency ...
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