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Cable Update (GBPUSD)

  • #567,301
  • Dec 21, 2020 6:58am Dec 21, 2020 6:58am
I see 51% chance of 1.30 vs 49% chance of 1.36
A fool and his money are easily parted
  • #567,302
  • Dec 21, 2020 7:09am Dec 21, 2020 7:09am
Quoting giveachance
{quote} we are not going to 1.37 after today but i dont see 1.22 either because dollar is still shit. have a look at usd/jpy could not take much advantage of the dollar rise
I am on the side of the fundamentals. I am also of the view the effects of brexit will be way beyond what anyone imagine today.

I am also more inclined to support the view that brexit “could” cause £ / $ parity.

Anyone with sense won’t be holding the £ on no deal. It’s that simple.
Que Sera
  • #567,303
  • Dec 21, 2020 7:23am Dec 21, 2020 7:23am
Quoting navk
sold at 3280, no stop. This is for retest of lows or more. will not be in hurry to take loss in this short trade.
i am with you , switched to short
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gold
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yes yes yes
  • #567,304
  • Dec 21, 2020 7:29am Dec 21, 2020 7:29am
Better short opportunity at 1.3350/80 area ... Targeting 1.3020 area. Price trades at 1.3294 as at time of typing.
Data + Stat + Risk/Emotions Management
  • #567,305
  • Dec 21, 2020 7:40am Dec 21, 2020 7:40am
Quoting OnlineAddict
{quote} I am not saying EU will collapse...I am saying EU is a socialistic dump! High taxes, high government intervention, high bureaucracy! Those things will never change...and yes, to many people they don't matter, those with a 8/5 job don't care...but those who employ them, they care...EU is the worst place on the planet to run a business.
Well, there is a balance to be struck here. No one likes taxes, but with lower social security, there will be more organised crime to target the same entrepreneurs. And if bureaucrats are not reasonably paid, they will do the same. Is EU model the best? Probably not, I also think it should endorse risk-taking more. But so far, it is very successful politically and economically. And as I said, when a real crisis comes, it has every opportunity to adapt.
  • #567,306
  • Dec 21, 2020 7:58am Dec 21, 2020 7:58am
short 3322 for 20
Twitter: Rummer_grapes
  • #567,307
  • Dec 21, 2020 8:03am Dec 21, 2020 8:03am
Important Notice to traders. . . Better sell awaits at 1.3460 this week, while better buy awaits at 1.3090.

Make 1.3300 target for either of these potential entries.

The market is volatile do not get trapped.
Data + Stat + Risk/Emotions Management
  • #567,308
  • Dec 21, 2020 8:10am Dec 21, 2020 8:10am
Quoting navk
sold at 3280, no stop. This is for retest of lows or more. will not be in hurry to take loss in this short trade.
dx is going to drop
i'm out
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yes yes yes
  • #567,309
  • Dec 21, 2020 8:37am Dec 21, 2020 8:37am
To the Gurus in this house: please what is the correlation between GU and GY? I ended trading on Friday, 18/12/20, with +8 dollars on my GY account only to suffer more than 2000pips! It seems that every time GU is going up or down, GY behaves same! Now are there other pairs that behave this way as well?
  • #567,310
  • Dec 21, 2020 8:39am Dec 21, 2020 8:39am
Quoting MozzChops
{quote} I'm always interested to hear opinions. Why do you feel it will goto 1.37? Can you see 1.30? 1.27? or only 1.37? The UK is a basket case atm and will continue for some time. Lockdown is being talked about until Easter! Or, until they try and force everyone to have the "vaccine"
Hi Mozz,

To simply answer your question, it's pure TA (For me)
I am not going to sugarcoat anything or tell you anything else..

Also not a fan of FUNDIES..
The pound will appreciate .. Only a matter of time

SS
  • #567,311
  • Dec 21, 2020 8:41am Dec 21, 2020 8:41am
Quoting Glorybound
To the Gurus in this house: please what is the correlation between GU and GY? I ended trading on Friday, 18/12/20, with +8 dollars on my GY account only to suffer more than 2000pips! It seems that every time GU is going up or down, GY behaves same! Now are there other pairs that behave this way as well?
the more important question is why did you let the pair 2000 pips against you ?
Make money by doing the opposite of Giveachance aka loser
  • #567,312
  • Dec 21, 2020 8:42am Dec 21, 2020 8:42am
Quoting Georginson
{quote} This ought to be 1.37 or 1.27... the current price is at 1.32 which means 500 pips up or down. That 1.22 isn't fair for this bet...
We done agreed to use same measurement ..
You correct, 1.27 and 1.37

Thanks for putting it out bro

SS
  • #567,313
  • Dec 21, 2020 8:44am Dec 21, 2020 8:44am
Quoting JayBag
{quote} Hi Mozz, To simply answer your question, it's pure TA (For me) I am not going to sugarcoat anything or tell you anything else.. Also not a fan of FUNDIES.. The pound will appreciate .. Only a matter of time SS
Jay,
if the price doesn't touch 1.313 I guess you will be the winner man
  • #567,314
  • Dec 21, 2020 8:49am Dec 21, 2020 8:49am
Quoting Arief-
{quote} Jay, if the price doesn't touch 1.313 I guess you will be the winner man
That would be awesome..
Let's give it time and see how PA acts..

SS
  • #567,315
  • Dec 21, 2020 8:49am Dec 21, 2020 8:49am
Quoting Bacco
short 3322 for 20
closed. +20
Twitter: Rummer_grapes
  • #567,316
  • Dec 21, 2020 9:08am Dec 21, 2020 9:08am
Quoting JayBag
{quote} We done agreed to use same measurement .. You correct, 1.27 and 1.37 Thanks for putting it out bro SS
Good ... I'm a witness then.
Data + Stat + Risk/Emotions Management
  • #567,317
  • Dec 21, 2020 9:09am Dec 21, 2020 9:09am
Quoting VM.
Bull market, they said. Soon to 1.4, they said. Fundamentals don't matter, they said.



There's good reason 80% lose money, they said.

It's easy to trade they said


1.45 two years ago they said



Listen to big baaaanks they said

Attached Image




Not-KPMG said - use brain if available
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Beware of robber banks (RB), bad advisors.
  • #567,318
  • Dec 21, 2020 9:11am Dec 21, 2020 9:11am
Quoting Not-KPMG
{quote} There's good reason 80% lose money, they said. It's easy to trade they said 1.45 two years ago they said Not-KPMG said - use brain if available
  • #567,319
  • Dec 21, 2020 9:19am Dec 21, 2020 9:19am
IMO
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Be a spectator, not a player
  • #567,320
  • Dec 21, 2020 9:21am Dec 21, 2020 9:21am
Quoting VM.
Bull market, they said. Soon to 1.4, they said. Fundamentals don't matter, they said.

who is ‘they’

don’t be shy, drop names papi..
how dare ‘they’ say it’s bull market and fundies don’t matter?

Is it balls or what? Where ‘they’ drunk?
‘They’ must be crazy to think such
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